Search found 3827 matches

by Lafder
Mon Nov 05, 2018 9:38 am
Forum: Investing - Help with Personal Investments
Topic: Strategies for investing w/large annual capital gains
Replies: 8
Views: 1080

Re: Strategies for investing w/large annual capital gains

I would keep an amount "liquid" based on number of month's living expenses. Do you want a year of living expenses? 5 years ? That gives you a way to frame it as number of years you could live at current expenses without dipping into your deeper savings. I am a big fan of a simple 3 index fund portfo...
by Lafder
Mon Nov 05, 2018 9:27 am
Forum: Investing - Help with Personal Investments
Topic: Simple IRA/SEP IRA/Solo 401k
Replies: 6
Views: 479

Re: Simple IRA/SEP IRA/Solo 401k

There is no minimum limit to solo401k contributions, so yes you can both open one and max them out with your reported self employment incomes. You can not make SEP and solo401k contributions for the same business income in any one year. But yes you can switch to a solo401k for the next year. If your...
by Lafder
Mon Nov 05, 2018 9:13 am
Forum: Investing - Help with Personal Investments
Topic: Getting on track; Edward Jones & Vanguard advice
Replies: 31
Views: 3131

Re: Getting on track; Edward Jones & Vanguard advice

KISS, keep it short and simple, or keep it simple stupid, or....... It will be much easier to have all of your assets at Vanguard so you can look at your retirement account balance and asset allocation on one website. The easiest way to move money is to contact the place you want to pull it to, and ...
by Lafder
Sun Nov 04, 2018 3:43 pm
Forum: Investing - Help with Personal Investments
Topic: How to handle individual 401k administration
Replies: 13
Views: 850

Re: How to handle individual 401k administration

What plan document compliance is needed? I filled out the forms to open the account, and save any paperwork in a file. Other than the 5500 form, what other compliance forms are needed? Fidelity keeps track of the contributions and whether they are employer/employee, and the year of contribution. laf...
by Lafder
Sun Nov 04, 2018 3:35 pm
Forum: Investing - Help with Personal Investments
Topic: Help With Backdoor Roth
Replies: 8
Views: 458

Re: Help With Backdoor Roth

I would convert her existing IRA to a Roth and just pay the income tax on it This allows you to do back door Roths for both of you every year you can afford to going forward. I believe the tax advantages of annual Roths for her outweighs the tax cost to convert her IRA this year. I would then do bac...
by Lafder
Sat Nov 03, 2018 10:08 pm
Forum: Personal Consumer Issues
Topic: Help...90-10, 80-10-10, HELOC?
Replies: 11
Views: 732

Re: Help...90-10, 80-10-10, HELOC?

We did an 80/10/10 on our prior house. The interest rate on the smaller loan was higher ,but we planned to pay it off faster and did. It was nice to not have PMI and not have to get it removed. It did not raise the interest rate on the primary loan to have the second loan on 10% But that was years a...
by Lafder
Sat Nov 03, 2018 9:48 pm
Forum: Investing - Help with Personal Investments
Topic: How to handle individual 401k administration
Replies: 13
Views: 850

Re: How to handle individual 401k administration

The 5500 form is very easy to fill out.

If you can set up a solo401k, you can do the form!

lafder
by Lafder
Sat Nov 03, 2018 4:23 pm
Forum: Personal Consumer Issues
Topic: Credit card Surcharges
Replies: 41
Views: 1742

Re: Credit card Surcharges

Credit card companies charge about 3% /transaction. So if you pay by credit card, the shop loses about 3 % plus in fees. They are simply trying to cover their costs. Using a card is a choice. I see fees added for using a credit card in more and more situations such as paying my utilities by credit c...
by Lafder
Sat Nov 03, 2018 4:00 pm
Forum: Investing - Help with Personal Investments
Topic: How to handle individual 401k administration
Replies: 13
Views: 850

Re: How to handle individual 401k administration

I use Fidelity. There is no fee. I do have to file the 5500 myself which takes less than 10 minutes including mailing it. Fidelity allows you to roll in other retirement accounts, Vanguard does not. And Fidelity has very low cost options for their solo 401k funds. You can likely read about it on the...
by Lafder
Sat Nov 03, 2018 10:07 am
Forum: Investing - Help with Personal Investments
Topic: Get out of Morgan Stanley!
Replies: 22
Views: 2586

Re: Get out of Morgan Stanley!

If you cal Fidelity or Vanguard they will help you make a three way call to discover the least expensive way to transfer the assets. Sometimes it is least expensive to sell where it is and move cash. Sometimes it is least expensive to transfer in kind as the current holdings and liquidate to cash at...
by Lafder
Thu Nov 01, 2018 10:47 pm
Forum: Investing - Help with Personal Investments
Topic: Panic set in... now what?
Replies: 63
Views: 10599

Re: Panic set in... now what?

What was your asset allocation before you panicked and went to all/mostly cash? What has you asset allocation been over the past decade ? Is there any asset allocation you would be comfortable with such as 50/50 or even 40/60 or 30/70 ? If you stay cash, you can optimize returns with CDs and money m...
by Lafder
Wed Oct 31, 2018 8:26 am
Forum: Investing - Theory, News & General
Topic: Limting Human Bias - 3 Fund VS Vanguard Target Life Strategy
Replies: 30
Views: 2234

Re: Limting Human Bias - 3 Fund VS Vanguard Target Life Strategy

Nit picky detail : the life strategy and target date funds both include international bonds, making them 4 fund portfolios ! SO it is a bit apples to oranges. I agree with your comments that human error due to emotional decisions is your biggest risk to reducing your returns. The brainpower at Vangu...
by Lafder
Wed Oct 31, 2018 8:11 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth - did I mess this up?
Replies: 17
Views: 843

Re: Backdoor Roth - did I mess this up?

Move your rollover IRA to your new 401k. You can't have a solo401k unless you are self employed. If you are, it depends on the available funds. Get started as the 12/31 IRA balance is what matters. Hopefully you have some nice low cost options! Back door Roths require an advanced level of investment...
by Lafder
Tue Oct 30, 2018 9:02 pm
Forum: Investing - Help with Personal Investments
Topic: Critique my Investment Policy Statement
Replies: 9
Views: 991

Re: Critique my Investment Policy Statement

REITS are in the total stock market, or so I have been told on this site. I don't read the prospectus' either :0

((I have tried a few times......couldn't get through it))

lafder
by Lafder
Tue Oct 30, 2018 12:05 am
Forum: Investing - Help with Personal Investments
Topic: Critique my Investment Policy Statement
Replies: 9
Views: 991

Re: Critique my Investment Policy Statement

How awesome that you have found this site and made an IPS at age 25. WOW! I have 2 suggestions :) Consider a minimum 20% in bonds to buffer drops and have space to rebalance from. I would prefer less months of emergency fund in cash, and more bonds :) You can always withdrawal from a taxable account...
by Lafder
Mon Oct 29, 2018 11:52 pm
Forum: Investing - Help with Personal Investments
Topic: Mega Backdoor: Cap on Distribution to Roth IRA?
Replies: 12
Views: 954

Re: Mega Backdoor: Cap on Distribution to Roth IRA?

Mega back door Roth goes from a post tax 401k contribution to a Roth. The number of times per year you can make a transfer from post tax 401k to a Roth outside of the plan depends on the plan rules. My husband's plan allowed 4 out of plan distributions per year. Your plan may have a different limit....
by Lafder
Sun Oct 28, 2018 10:11 pm
Forum: Investing - Help with Personal Investments
Topic: Another Fidelity Rollover question
Replies: 9
Views: 673

Re: Another Fidelity Rollover question

Can you list the options in the "old" and "new" 401k's just in case a fresh set of eyes can spot some low cost options :)

lafder
by Lafder
Sun Oct 28, 2018 10:04 pm
Forum: Investing - Help with Personal Investments
Topic: Wish I would have found this website 10 years ago.....
Replies: 6
Views: 1928

Re: Wish I would have found this website 10 years ago.....

Welcome! Better late than never! desired 60/40 (currently at 70/30). ((reasonable as age down to age- (15-20) in bonds is recommended)) Specific questions are below. Emergency funds: 2 months ((Are you comfortable with only 2 months here? Ok if yes)) Debt: mortgage- $220,000 2.65% interest; car loan...
by Lafder
Sun Oct 28, 2018 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: What sort of financial planner do I need for an aging relative?
Replies: 9
Views: 1050

Re: What sort of financial planner do I need for an aging relative?

If you can buy them a home, but worry they won't pay taxes or insurance, then keep those bills in your name. What kind of financial planning have they used before? Would they be willing to make you POA ? Are there issues with competency and ability to understand the consequences of the spending deci...
by Lafder
Sun Oct 28, 2018 1:53 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation - Roth IRA and Rollover IRA
Replies: 7
Views: 638

Re: Asset Allocation - Roth IRA and Rollover IRA

Vanguard Target Date Retirement funds are wonderful all in one funds made up of 4 subfunds in slightly different ratios depending on the date of the fund and how close to the target date. They are simple all in one funds that rebalance for you and add bonds with age. They are my favorite all in one ...
by Lafder
Sun Oct 28, 2018 9:07 am
Forum: Investing - Help with Personal Investments
Topic: Recommendations for fee only Investment advisors/planner for in Silicon Valley
Replies: 6
Views: 631

Re: Recommendations for fee only Investment advisors/planner for in Silicon Valley

When you find a fee only advisor, it will be useful to have a plan to compare their recs to, and a place to post their recs for discussion, here :) Take the time to post your current holdings like this https://www.bogleheads.org/forum/viewtopic.php?f=1&t=6212 Look at your current asset allocation an...
by Lafder
Sun Oct 28, 2018 8:47 am
Forum: Investing - Help with Personal Investments
Topic: Help me clean this up?
Replies: 1
Views: 339

Re: Help me clean this up?

You should come up with a desired AA so you know what you are aiming for. Otherwise...............you are never off from "whatever" Do you have an emergency fund in addition to your 20k cash in your taxable account? Your current AA is 95% stock, 5% cash. I added up your numbers to get Total holdings...
by Lafder
Sat Oct 27, 2018 10:04 am
Forum: Investing - Help with Personal Investments
Topic: Help with My Account Transfer!
Replies: 10
Views: 704

Re: Help with My Account Transfer!

As mentioned, why not transfer most of the holdings in kind. That does not trigger capital gains taxes. Perhaps take the time to list all of your holdings like this to talk through what your final goal for your account is. https://www.bogleheads.org/forum/viewtopic.php?f=1&t=6212 You do not need per...
by Lafder
Thu Oct 25, 2018 9:09 am
Forum: Investing - Help with Personal Investments
Topic: For those waiting for a 'correction' ...
Replies: 88
Views: 12247

Re: For those waiting for a 'correction' ...

Every time I hear there is a market correction, and it looks like a big drop, I look at my AA to see if I "need" to rebalance. Again and again, I am not beyond a 5% rebalancing band. But I have moved from one end of it towards the other. Ouch to see the market go down by more than I have put in this...
by Lafder
Thu Oct 25, 2018 9:01 am
Forum: Investing - Help with Personal Investments
Topic: Asset allocation, starting business soon
Replies: 8
Views: 723

Re: Asset allocation, starting business soon

At age 35, I was at 80/20, 30% International. Your International is between the recommended 0-50%

So I would say your AA is reasonable. :)

How is the business venture going?

lafder
by Lafder
Wed Oct 24, 2018 8:04 am
Forum: Personal Finance (Not Investing)
Topic: Mega Backdoor vs Backdoor Roth IRA
Replies: 11
Views: 1591

Re: Mega Backdoor vs Backdoor Roth IRA

The only difference I can think of between the same 5500$ in a mega back door Roth vs back door Roth, is if you can get an employer match on the mega back door! In both cases, the final "Roth" is indistinguishable once you go through the steps to get the money there :) I used the same Roth account t...
by Lafder
Tue Oct 23, 2018 10:00 am
Forum: Investing - Help with Personal Investments
Topic: Mega backdoor roth with traditional IRA
Replies: 9
Views: 619

Re: Mega backdoor roth with traditional IRA

To clarify, the IRA balance the IRS considers is what it is on 12/31 of the year in question. SO having the money in the IRA during the year is ok. Just get it into your current 401k before the end of the year. Do it now so you don't forget :)
lafder
by Lafder
Tue Oct 23, 2018 9:54 am
Forum: Investing - Help with Personal Investments
Topic: Advice on Transferring Assets to Vanguard
Replies: 6
Views: 538

Re: Advice on Transferring Assets to Vanguard

I would talk with Vanguard on the phone and they can get Ameriprise on the phone so you can both hear the costs of liquidating all cash and moving that vs moving in kind what you can and cashing what you cant. VG can tell you the costs on their end for selling once it gets to them. The time out of t...
by Lafder
Tue Oct 23, 2018 9:46 am
Forum: Investing - Help with Personal Investments
Topic: Trying to Catch up quick, starting at 40!
Replies: 2
Views: 497

Re: Trying to Catch up quick, starting at 40!

Greater than 100k in savings at age 40 is better than most Americans! There is a rec for age in bonds down to age -(15-20). So 10% bonds is a bit light. But not unreasonable. Bonds buffer drops more than they slow down gains. You are choosing an excellent low cost 3 fund portfolio. I find your choic...
by Lafder
Mon Oct 22, 2018 10:22 pm
Forum: Investing - Help with Personal Investments
Topic: Berkshire A Paper stock certificate
Replies: 14
Views: 1547

Re: Berkshire A Paper stock certificate

Great point on cost basis. I am unclear who is getting the proceeds from the sale.
lafder
by Lafder
Mon Oct 22, 2018 10:21 pm
Forum: Investing - Help with Personal Investments
Topic: Solo 401K contributions year of death
Replies: 6
Views: 603

Re: Solo 401K contributions year of death

I am so glad! I hope he is ok and gets to enjoy the gravy!
lafder
by Lafder
Mon Oct 22, 2018 10:12 pm
Forum: Personal Finance (Not Investing)
Topic: Mega Backdoor vs Backdoor Roth IRA
Replies: 11
Views: 1591

Re: Mega Backdoor vs Backdoor Roth IRA

Yup my mistake, I meant to just say back door Roth and fixed it above.

Assume you will some day be able to max the mega back door, and back door so only move the old 401k once if you move it at all.

lafder
by Lafder
Sun Oct 21, 2018 11:01 pm
Forum: Personal Finance (Not Investing)
Topic: Mega Backdoor vs Backdoor Roth IRA
Replies: 11
Views: 1591

Re: Mega Backdoor vs Backdoor Roth IRA

Can you leave the old 401k where it is, if expenses are low enough ? Otherwise I would roll it into your new 401k, if expenses are lower there. Even if you can not max both this year. maybe you will be able to in the future. You need a zero IRA balance at the end of the year to do a (edited out my e...
by Lafder
Sun Oct 21, 2018 2:27 pm
Forum: Investing - Help with Personal Investments
Topic: Berkshire A Paper stock certificate
Replies: 14
Views: 1547

Re: Berkshire A Paper stock certificate

Supposedly the owner has dementia or severe medical issues and the son with the same name has POA.

lafder
by Lafder
Sun Oct 21, 2018 12:39 pm
Forum: Investing - Help with Personal Investments
Topic: Berkshire A Paper stock certificate
Replies: 14
Views: 1547

Re: Berkshire A Paper stock certificate

If the original paper stock, I have no idea if it was a bearer certificate (Thanks for that term I was unfamiliar with), had the name of a person such as John Smith. And they were found by the son also named John Smith. Would the son be able to cash them, assuming they are valid paper shares that ha...
by Lafder
Sun Oct 21, 2018 12:32 pm
Forum: Investing - Help with Personal Investments
Topic: My Edward Jones IRA is out performing my Vanguard 401K
Replies: 65
Views: 8187

Re: My Edward Jones IRA is out performing my Vanguard 401K

Cashedout, The Vanguard Target Date Retirement funds are decent low cost all on one mutual funds that rebalance for you and increase their % bonds over the years. They are a convenient invest and forget fund to hold. Especially if you do not want to do any rebalancing yourself. They are funds made u...
by Lafder
Sun Oct 21, 2018 12:14 pm
Forum: Investing - Help with Personal Investments
Topic: Berkshire A Paper stock certificate
Replies: 14
Views: 1547

Berkshire A Paper stock certificate

Do paper stock certificates for Berkshire A still exist that are valid? Is there any identifying information about who owns the stock on the paper? Or is ownership based on possession? I am trying to decide if someone is telling me the truth about finding stock certificates and trying to cash them i...
by Lafder
Wed Oct 17, 2018 9:00 am
Forum: Investing - Help with Personal Investments
Topic: International Fund Down - What to do?
Replies: 36
Views: 2371

Re: International Fund Down - What to do?

List your desired asset allocation stocks/bonds and % International. You should have this in WRITING somewhere so you don't change it on the spot during market fluctuations. What is your rebalancing band ? My need to rebalance is only if my AA gets out of balance by more than 5% My goal is 65/35, 35...
by Lafder
Sun Oct 14, 2018 10:32 pm
Forum: Investing - Help with Personal Investments
Topic: Please help with asset allocation - 63 yr old
Replies: 13
Views: 1669

Re: Please help with asset allocation - 63 yr old

There is a general recommendation for age down to age - (15-20) in bonds. That would suggest 43-63% bonds for you. I like rounder number so I would go with a range of 60/40 asset allocation to 40/60. (These happen to be the asset allocations of the Vanguard Wellington and Wellesley funds). Or pick a...
by Lafder
Sun Oct 14, 2018 10:11 pm
Forum: Investing - Help with Personal Investments
Topic: Need Assistance for Pre-retirement Planning
Replies: 5
Views: 671

Re: Need Assistance for Pre-retirement Planning

Welcome here! You have a nice large nest egg already. The bulk of your holdings are in taxable holdings that might result in capital gains taxes if you sell your current holdings. Can you list out all of your current holdings so we can see the tax effects and what your choices for investing have bee...
by Lafder
Sat Oct 13, 2018 10:52 am
Forum: Investing - Help with Personal Investments
Topic: Fidelity 401k and Hello
Replies: 20
Views: 1062

Re: Fidelity 401k and Hello

Writing out the ER's really helps you see the best options. You have already gotten good suggestions on the best options. If you can afford to max your 401k each year, the annual increase is not necessary since you are already at the max :) The way that is done as a $ amount per paycheck or % can va...
by Lafder
Sat Oct 13, 2018 10:46 am
Forum: Investing - Help with Personal Investments
Topic: What to do with inheritance
Replies: 17
Views: 2462

Re: What to do with inheritance

Welcome here! I would: Max retirement accounts every year, even if it meant dipping into taxable savings to cover expenses. Pay off mortgage, then trickle the payments in to the market each month and/or into a savings account to build up your remodeling fund. That is the only guaranteed return of th...
by Lafder
Sat Oct 13, 2018 10:24 am
Forum: Investing - Help with Personal Investments
Topic: Sell it all
Replies: 11
Views: 2770

Re: Sell it all

Target funds such as Vanguard's target date retirement funds or their Life Strategy funds come in varying asset allocations from aggressive (Life Strategy Growth, or a many years from now retirement date) to conservative (Life Strategy Retirement, or a current retirement date fund). The advantage to...
by Lafder
Sat Oct 13, 2018 10:23 am
Forum: Investing - Help with Personal Investments
Topic: Sell it all
Replies: 11
Views: 2770

Re: Sell it all

oops duplicate
by Lafder
Wed Oct 10, 2018 9:26 pm
Forum: Investing - Help with Personal Investments
Topic: Unwinding and transferring positions
Replies: 23
Views: 1311

Re: Unwinding and transferring positions

I like the simplified way retiredjg broke it down! If there is a big enough stock market crash to need to buy stocks with bonds, you can buy stocks in your IRA or 401k. It bugs me a bit to have just bonds there. But the bulk of your money is in non retirement accounts, and it is nice and simple. Is ...
by Lafder
Wed Oct 10, 2018 9:20 am
Forum: Investing - Help with Personal Investments
Topic: Unwinding and transferring positions
Replies: 23
Views: 1311

Re: Unwinding and transferring positions

The good news is that you have more losses than gains in your taxable stocks. So you can sell all at a loss now, then reallocate it all without owing taxes. Ok to sit on what you have til you make a definite decision. Have you considered paying off your mortgage with a chunk of your cash ? That is t...
by Lafder
Wed Oct 10, 2018 9:11 am
Forum: Investing - Theory, News & General
Topic: Vanguard website problems [Transactions won't go through, 500 error...]
Replies: 101
Views: 4815

Re: Vanguard website today

I just tried logging in and was able to see all accounts and details. I am on the brokerage platform. I have mutual funds as well as individual stocks there. I did not try to initiate any transactions.

Maybe it is a regional server or ?

lafder
by Lafder
Sun Oct 07, 2018 6:13 pm
Forum: Personal Finance (Not Investing)
Topic: can i start a private investment firm?
Replies: 70
Views: 5207

Re: can i start a private investment firm?

Can you give more details of what you are wanting to do? You have clearly stated you are wanting to follow the law. Explain what you are thinking of doing and more feedback can be given. Why would someone invest with you? Serious question. There is no guarantee they would even get their initial inve...
by Lafder
Sun Oct 07, 2018 10:43 am
Forum: Personal Finance (Not Investing)
Topic: What is your annual cost for health insurance?
Replies: 137
Views: 9880

Re: What is your annual cost for health insurance?

Ours is awfully expensive! Good coverage but $$$$$. It is COBRA. When I tried to find a private plan, costs were high for much less coverage so I decided to pay more for better coverage............figuring I CAN afford it and will be sorry if we have a medical issue while covered. Plus it was gettin...
by Lafder
Sun Oct 07, 2018 10:36 am
Forum: Personal Finance (Not Investing)
Topic: Concerns of buying a home...what would you do?
Replies: 23
Views: 2139

Re: Concerns of buying a home...what would you do?

It sounds like your friends are there, and you plan to be there for the long term. In that case, even if the market drops and you stay there for years and years, the market will hopefully recover again. IN other words, if you live there for the long term, who cares what the value of the house is for...