Search found 3943 matches

by Lafder
Sun Apr 28, 2019 8:53 pm
Forum: Personal Investments
Topic: Opening an Account: Vanguard vs. Fidelity
Replies: 41
Views: 2752

Re: Opening an Account: Vanguard vs. Fidelity

I find ETFs more complicated since you have to specify price or price range on shares to buy or sell, vs mutual funds you can specify just a dollar amount. I also thought you can only put in orders to buy or sell ETF's when markets are open? If I am wrong....someone will correct me soon. I have neve...
by Lafder
Sun Apr 28, 2019 8:43 pm
Forum: Personal Investments
Topic: Obliterated my portfolio 2 years ago based on advice here.. thoughts on next steps?
Replies: 6
Views: 3332

Re: Obliterated my portfolio 2 years ago based on advice here.. thoughts on next steps?

If you want more bonds in a target date retirement account, you can simply choose a sooner target date and it will have more bonds :)

Ok to hold the target date and a bond fund, just not necessary :)

lafder
by Lafder
Sun Apr 28, 2019 10:13 am
Forum: Personal Investments
Topic: Obliterated my portfolio 2 years ago based on advice here.. thoughts on next steps?
Replies: 6
Views: 3332

Re: Obliterated my portfolio 2 years ago based on advice here.. thoughts on progress?

Terrific job going from a non investor to an investor! I have some minor suggestions: you are combining individual funds with all in one funds and that is redundant. The Wellington fund is an all in one fund made up of approximately 66% of large cap stocks, and 33% bonds. It is intended to be the ty...
by Lafder
Sat Apr 27, 2019 9:49 am
Forum: Personal Investments
Topic: Solo 401 k
Replies: 17
Views: 1073

Re: Solo 401 k

Open a solo401k at Fidelity or another place that allows you to transfer in other retirement accounts. Transfer your rollover IRA entirely to your new solo401k. It will all be a pretax 401k, unless you have some post tax $ mixed in. Do you? Note you will have to file a form in June ((ERROR I should ...
by Lafder
Thu Apr 25, 2019 9:41 pm
Forum: Personal Consumer Issues
Topic: How much House should I Buy?
Replies: 51
Views: 4492

Re: How much House should I Buy?

Ok, so you can afford a 400k house, how are the houses in the different price ranges? Instead of the most expensive home you can afford, find the least expensive home you can be happy with! You may fall in love with a lesser priced home or a more expensive home. Seeing homes in the entire price rang...
by Lafder
Sun Apr 21, 2019 11:08 am
Forum: Personal Finance (Not Investing)
Topic: Physician “TO-DO” list for LLC
Replies: 30
Views: 2624

Re: Physician “TO-DO” list for LLC

Fidelity required an EIN to open a solo401k. It is easy to apply for one online. It does tie back to her ss#. Yes I previously just used my ss# as my tax ID number for my sole proprietor business. As far as Vanguard vs Fidelity, I believe the rules are the same of only allowing a spouse employee for...
by Lafder
Sat Apr 20, 2019 11:26 pm
Forum: Personal Finance (Not Investing)
Topic: In Laws Retirement Nest Egg
Replies: 156
Views: 14399

Re: In Laws Retirement Nest Egg

<r>Come to think of it, I have told my own kids on more than one occasion over the years "You better be successful and make a lot of money so you can support me when you grow up in the style I am accustomed to." ((Or something like that))<br/> <br/> Maybe the in laws really are saying it as a joke, ...
by Lafder
Fri Apr 19, 2019 2:13 pm
Forum: Personal Investments
Topic: I need help with my investement stratagies please
Replies: 20
Views: 1539

Re: I need help with my investement stratagies please

What is your mortgage interest rate?

I can get you a guaranteed annual return of that rate if you pay off your mortgage!

Then you can take the equivalent of your mortgage payment and trickle it into the market every month.

Lafder
by Lafder
Tue Apr 16, 2019 11:41 pm
Forum: Personal Finance (Not Investing)
Topic: In Laws Retirement Nest Egg
Replies: 156
Views: 14399

Re: In Laws Retirement Nest Egg

Bogle1981, My Father in law has never been responsible with his finances. He took social security at the first chance he got since he needed it to survive. He was proud of working cash jobs for years, but it effected his social security. He lives in a million dollar house in a highish cost of living...
by Lafder
Mon Apr 15, 2019 11:44 pm
Forum: Personal Finance (Not Investing)
Topic: What defines "income" on a retiree's credit card application?
Replies: 102
Views: 6095

Re: What defines "income" on a retiree's credit card application?

I feel a bit guilty now with the negative responses. But not enough to change my ways on this matter. I put less than my actual income. I have NEVER overstated my income, but I have understated it a number of times on credit card applications. I stand by my opinion that listing less than my actual i...
by Lafder
Mon Apr 15, 2019 9:17 am
Forum: Personal Finance (Not Investing)
Topic: What defines "income" on a retiree's credit card application?
Replies: 102
Views: 6095

Re: What defines "income" on a retiree's credit card application?

I usually just put 100,000$ Or maybe sometimes I put 200,000. I figure my real income is none of their business and I am giving an underestimation. What about using your expenses? Your income exceeds that. Or the amount you deposit into your bank account each year? As long as you are not being fraud...
by Lafder
Mon Apr 15, 2019 9:10 am
Forum: Personal Finance (Not Investing)
Topic: Physician “TO-DO” list for LLC
Replies: 30
Views: 2624

Re: Physician “TO-DO” list for LLC

I agree with comments about a sole proprietor vs corporation. Keep it simple unless complexity is needed. Another simplification...........open a bank account that will be used just for this income and related expenses. It can just be another account at your current bank. That way she can keep track...
by Lafder
Sun Apr 14, 2019 5:12 pm
Forum: Personal Investments
Topic: Wellesley Income fund Admiral
Replies: 17
Views: 2951

Re: Wellesley Income fund Admiral

Question, what is your cost basis versus current value? Wellesley pays out dividends that can be convenient if you need additional income. You pay capital gains income tax on the dividends each year. That is likely the tax you are referring to. If the dividends are reinvested, it does increase your ...
by Lafder
Sat Apr 13, 2019 10:36 pm
Forum: Personal Investments
Topic: What should I sell - need advice?
Replies: 13
Views: 1340

Re: What should I sell - need advice?

Can you rebalance within retirement accounts so capital gains taxes are not an issue? I agree with the question asked above, if you have to sell with 300k in capital gains to change your AA by 5%, your entire portfolio is large enough you may reconsider your AA, or be sure you are calculating capita...
by Lafder
Sat Apr 13, 2019 6:27 pm
Forum: Personal Consumer Issues
Topic: Soon to be dad, how to prepare
Replies: 127
Views: 6138

Re: Soon to be dad, how to prepare

You need less "stuff" than you think. It helped me to imagine what parents in third world countries or our prehistoric ancestors had to raise their babies with :) Our first child we bought a lot of stuff............our second my joke was all I needed was a diaper a onesie and some wipes and I was go...
by Lafder
Sat Apr 13, 2019 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: Roth 401(k) - Is this normal?
Replies: 35
Views: 1726

Re: Roth 401(k) - Is this normal?

My preference is to use the employee maximums to fund a regular pretax 401k and get the income tax break now. The employee max is for Roth 401k PLUS pretax 401k, so I prefer to use the pretax space here. 2019 limits: 19,000, plus 6000 if 50 yo this year, or 25,000 With any additional funds, and if t...
by Lafder
Sun Apr 07, 2019 10:27 am
Forum: Personal Investments
Topic: Lowering my tax bracket
Replies: 6
Views: 913

Re: Lowering my tax bracket

ispepsiok,

Post your 401k offerings so we can help you pick the best options. Include ticker, name, expense ratios.

Yes I would max your 401k to the extent you can live on the remaining income.

lafder
by Lafder
Sat Apr 06, 2019 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: The high cost of sound financial advice
Replies: 45
Views: 5094

Re: The high cost of sound financial advice

I would take the time to post everything here and see if you get the level of detail you are looking for. You have nothing to lose! You can still take your holdings to an hourly fee based planner and see what they rec and compare it to the Boglehead's advice :) Answering the questions you get here w...
by Lafder
Sat Apr 06, 2019 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: Hourly vs. retainer for a financial planner
Replies: 64
Views: 3643

Re: Hourly vs. retainer for a financial planner

I would rather pay hourly, with an estimate up front of how many hours it might take. :)

Best of luck with your business venture.

lafder
by Lafder
Sat Apr 06, 2019 2:46 pm
Forum: Personal Investments
Topic: Helping Kids with Home Purchase
Replies: 77
Views: 5885

Re: Helping Kids with Home Purchase

Sounds like a wonderful outcome. I hope to do the same for my kids when the time comes :)

I like that they qualified on their own and your extra help with the down payment is a bonus.

lafder
by Lafder
Sat Apr 06, 2019 10:56 am
Forum: Personal Investments
Topic: DFA Advisory Fees vs. Weighted Returns
Replies: 9
Views: 690

Re: DFA Advisory Fees vs. Weighted Returns

Another option would be an all in one fund such as a target date retirement fund, or a life strategy fund at Vanguard for example. They have low fees and rebalance for you. In a taxable account it is harder to tax loss harvest. But for someone wanting an "invest and forget option" these are hard to ...
by Lafder
Thu Apr 04, 2019 11:19 pm
Forum: Personal Investments
Topic: Is it time to change my portfolio?
Replies: 7
Views: 750

Re: Is it time to change my portfolio?

So the Expense Ratio (ER) in your "slice and dice" portfolio adjusts out to a total of 0.22% per year The 4 fund portfolio you proposed has an ER of between 0.13- 0.17 (I am too lazy to calc the effective overall cost :)) The Life Strategy Fund you mentioned has an overall ER of 0.12% /year Fees do ...
by Lafder
Wed Apr 03, 2019 11:03 am
Forum: Personal Investments
Topic: Is it time to change my portfolio?
Replies: 7
Views: 750

Re: Is it time to change my portfolio?

CWradio, Can you take the time to post your actual portfolio holdings and include the ticker, name, expense ratio, and % of total. I was able to see your portfolio visualizer but do not have the patience to look up what the tickers are or the expense ratios. I strongly suspect the difference in perf...
by Lafder
Wed Apr 03, 2019 10:51 am
Forum: Personal Investments
Topic: HELOC versus personal loan
Replies: 18
Views: 679

Re: HELOC versus personal loan

If you take out a 30k loan at 6.75% and take 5 years to pay it off, that is quite a lot of interest. If you on the other hand save what you would be making in payments, you can "pay yourself" by accumulating the interest to add into your own project over the next several years. It raises your budget...
by Lafder
Wed Apr 03, 2019 10:27 am
Forum: Personal Investments
Topic: Advice on what to do with mutual funds
Replies: 8
Views: 969

Re: Advice on what to do with mutual funds

If you have any with dividends, you can set the dividends not to reinvest and go into a cash account since you are paying tax on that annually already anyway. You can list all of the holdings with their capital gains, expense ratios to get a better look at what you have. The higher ER holdings could...
by Lafder
Tue Apr 02, 2019 11:17 pm
Forum: Personal Investments
Topic: New Investor
Replies: 12
Views: 951

Re: New Investor

I sent you a private message
lafder
by Lafder
Tue Apr 02, 2019 7:39 am
Forum: Personal Investments
Topic: 2018/2019 backdoor Roth
Replies: 6
Views: 298

Re: 2018/2019 backdoor Roth

Do you have any IRAs?

I believe you have until you file taxes. Someone else will chime in and say if you can amend your returns with the nontaxable IRA contribution for 2018 or not by the tax filing deadline.

If it is too late for 2018 you can go ahead for this year.

lafder
by Lafder
Sun Mar 31, 2019 10:23 pm
Forum: Personal Investments
Topic: Recent Inheritance - Same investment strategy
Replies: 16
Views: 1336

Re: Recent Inheritance - Same investment strategy

Sounds like a good time to look at your investment strategy :)

Is it as simple as you listed?

Do you have any debt that could be paid off with some of the $$ ?

lafder
by Lafder
Sun Mar 31, 2019 2:34 pm
Forum: Personal Investments
Topic: Silly tIRA/backdoor Roth question
Replies: 4
Views: 251

Re: Silly tIRA/backdoor Roth question

I was assured that as long as the balance is less than 50 cents it rounds off to zero :)

I heard someone else say to transfer the little bit. I tried that and more cents showed up so I left it after that.

It may be interest.

Lafder
by Lafder
Sat Mar 30, 2019 11:21 am
Forum: Personal Investments
Topic: Transfer Direct Purchase Stock to Vanguard?
Replies: 4
Views: 290

Re: Transfer Direct Purchase Stock to Vanguard?

Yes I have transferred stocks in kind to Vanguard :) Just contact VG and tell them what you want to do and they will be sure you have, or help you set up a receiving account. Then they can help you pull the stocks to them. I have been on 3 way calls where they call the holding company and get the pr...
by Lafder
Sat Mar 30, 2019 11:12 am
Forum: Personal Investments
Topic: Need advice on portfolio (6 year update!)
Replies: 8
Views: 1032

Re: Need advice on portfolio (6 year update!)

Another vote to max your 401k and save on taxes now. As far as your cash that is not your emergency fund, you need to decide if you want to keep holding it for a deposit on a purchase in which case very conservative even cash is appropriate. If you give up on buying another place, then go ahead and ...
by Lafder
Sat Mar 30, 2019 10:58 am
Forum: Personal Investments
Topic: Portfolio Review
Replies: 2
Views: 327

Re: Portfolio Review

There is a general rec for age in bonds down to age -15 in bonds. I like to see a minimum of 20% bonds to buffer drops in market crashes, and give you rebalancing space. We were at 80/20 until our late 40s. Bonds can be held in your retirement accounts. Also consider the %International holdings you ...
by Lafder
Sat Mar 30, 2019 10:18 am
Forum: Personal Investments
Topic: Nouveau Riche Issue!
Replies: 17
Views: 4175

Re: Nouveau Riche Issue!

This does not make sense "The primary reason is a sizeable taxable event from an existing 401k that was converted to an IRA when I became self employed" Can you explain? Converting from a 401k to an IRA is not a taxable event. It is SUPER easy to make a deposit to an IRA then Roll it to a Roth. You ...
by Lafder
Thu Mar 28, 2019 9:16 am
Forum: Personal Investments
Topic: Moving assets to an online account
Replies: 8
Views: 977

Re: Moving assets to an online account

Look more carefully at your accounts and holdings. Look at any management fees you are paying, ? AUM fees (assets under management). Look at the ERs (expense ratios) on each and every holding. It is worth taking a few more days to understand and list out your current holdings. Yes some shares can be...
by Lafder
Tue Mar 26, 2019 12:06 am
Forum: Personal Finance (Not Investing)
Topic: Tax refund: take the cash or apply to next year's estimates?
Replies: 12
Views: 1499

Re: Tax refund: take the cash or apply to next year's estimates?

I applied all of my refund to my 2019 taxes. That way it is less steps for me. The interest on the money if in my hands is miniscule. It just seemed silly to me to ask for a cash refund then turn around and mail the IRS a check by 4/15/19. Also, I envisioned the refund not being here yet, so I am ou...
by Lafder
Sun Mar 24, 2019 10:14 pm
Forum: Personal Investments
Topic: Request for Portfolio Advice
Replies: 14
Views: 1590

Re: Request for Portfolio Advice

I like Duckie's suggestion. Except I would hold some bonds in Her IRA so there is rebalancing space there in a stock market drop.

Simply shift in his IRA, such as take away 10% if his bonds and add to US stock, then in her IRA take away 10% stock and add 10% bonds.

lafder
by Lafder
Sun Mar 24, 2019 10:17 am
Forum: Personal Investments
Topic: Request for Portfolio Advice
Replies: 14
Views: 1590

Re: Request for Portfolio Advice

Here is a start at adjusting to % of total Joint taxable account: 6.48% Stocks, 1.52% Bonds (8% of total Vanguard investments) My Traditional IRA: 41.89% Stocks, 17.11% Bonds (59% of total Vanguard investments) My Roth IRA: 6.39% Stocks, 2.61% Bonds (9% of total Vanguard investments) Wife’s Traditio...
by Lafder
Sun Mar 24, 2019 10:01 am
Forum: Personal Investments
Topic: Request for Portfolio Advice
Replies: 14
Views: 1590

Re: Request for Portfolio Advice

Can you recalculate so the % are percent of total rather than adding up to 100% per account? It will really help you see how tiny some accounts are and help with rebalancing. And it will help you see if you add up to your desired asset allocation. You seem very able to manage this yourself once you ...
by Lafder
Fri Mar 22, 2019 9:46 am
Forum: Personal Investments
Topic: Newly Retired Portfolio Review - Fund selections for the long term
Replies: 9
Views: 753

Re: Newly Retired Portfolio Review - Fund selections for the long term

Welcome back and congrats on getting your home built and settling closer to family! I understand the recs for more International for diversification. I have about 30% of our stocks in international. But you have gotten by without international for this long, and both Bogle and Buffett were fine with...
by Lafder
Mon Mar 18, 2019 10:04 pm
Forum: Personal Investments
Topic: Interest-free 2nd mortgage due in 4 years
Replies: 6
Views: 857

Re: Interest-free 2nd mortgage due in 4 years

What is the interest on your first mortgage? And what is the balance? You can get that guaranteed rate of return if you put the extra money towards the primary mortgage rather than saving it or a money market fund. Then when the second interest free mortgage is due you can refinance it with the prim...
by Lafder
Tue Mar 12, 2019 8:28 am
Forum: Personal Investments
Topic: 401k Help
Replies: 7
Views: 460

Re: 401k Help

You actually have some great options for stock funds! I will delete the higher cost not needed options. To research what a holding is, google the ticker symbol. Morningstar often comes up first or soon and it will detail what the ticker is and its costs and holdings (stocks, bonds, international). N...
by Lafder
Tue Mar 12, 2019 7:50 am
Forum: Personal Investments
Topic: Megabackdoor Tax Reporting Logistics
Replies: 6
Views: 417

Re: Megabackdoor Tax Reporting Logistics

If you have to pay taxes on the gains anyway, next time roll the gains into the Roth with the mega back door so you only pay the tax the one time and then the money is safely in a Roth, never to be taxed again. If you pay tax on it and move it to an IRA, doesn't it become a post tax contribution? I ...
by Lafder
Sat Mar 09, 2019 10:30 pm
Forum: Personal Investments
Topic: Solo 401k transfer to Vanguard?
Replies: 9
Views: 421

Re: Solo 401k transfer to Vanguard?

What you can not do is transfer other retirement accounts into a Vanguard solo401k. That is why I moved my Vanguard solo401k to Fidelity so I could consolidate my rollover IRA and SEP into my solo401k. You should also look at the ERs of Vanguard vs Fidelity. It turned out Fidelity has lower ER funds...
by Lafder
Sat Mar 09, 2019 4:55 pm
Forum: Personal Investments
Topic: 30 Year Old Windfall Question
Replies: 18
Views: 2007

Re: 30 Year Old Windfall Question

I think it is fine to keep the inheritance in a separate account from your spouse. But I would name my spouse as primary beneficiary and my children as secondary beneficiaries as long as you are together just in case something happens to you. The reality is that plenty of marriages end in divorce an...
by Lafder
Sat Mar 09, 2019 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: simple will for a catastrophic event
Replies: 88
Views: 3316

Re: simple will for a catastrophic event

POD (payable on death) or TOD (transfer on death) are designations that some banks allow on an account. This saves the complications of adding an adult child to your account now where they have current access and creditors could come after the money. TOD is allowed on house titles in some states too...
by Lafder
Sat Mar 09, 2019 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Should I just buy the townhouse I'm currently renting
Replies: 33
Views: 2894

Re: Should I just buy the townhouse I'm currently renting

Has the owner even given you a sales price? You say other units are selling for a price range. Maybe the owner will give you a price that makes it sound like a deal, or maybe they will give an inflated ridiculous price. Get the actual number so you know what you are looking at. If you like the home ...
by Lafder
Sat Mar 09, 2019 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: Escrow Question
Replies: 14
Views: 791

Re: Escrow Question

Some mortgage companies require they pay the property tax and homeowner's insurance to be sure the property they have as equity against the loan is covered and can not go to a tax sale. I would consider raising the total payment rather than adding extra payments. How they handle extra payments is up...
by Lafder
Sat Mar 09, 2019 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Early Employee Contribution/Salary Deferral to Solo 401(k)
Replies: 5
Views: 318

Re: Early Employee Contribution/Salary Deferral to Solo 401(k)

Is it an employer or solo401k? With an employer, you are limited by when they send in the contributions so you do not really get to say when they are made. If self employed, you can make the contributions whenever you want. Why not increase each contribution? My own worry would be that the final inc...
by Lafder
Sat Mar 09, 2019 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Refinance worth it? with closing costs vs no cost
Replies: 9
Views: 746

Re: Refinance worth it? with closing costs vs no cost

I heard it should be a difference in at least a 1% mortgage rate to be worth it........

Run the numbers if you lump sum the closing costs towards your current mortgage.

lafder