Search found 3745 matches

by Lafder
Fri Aug 10, 2018 9:15 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review, Age 31, $1.5 million net worth
Replies: 27
Views: 5597

Re: Portfolio Review, Age 31, $1.5 million net worth

Lot's of great comments already ! I am commenting on your taxable holdings to be sure you understand the redundancy. You may want to just keep what you have to not have any capital gains taxes to pay to change. You can simplify. You say you want 80% stocks, at market weight, and 30% International, a...
by Lafder
Fri Aug 10, 2018 8:50 am
Forum: Investing - Help with Personal Investments
Topic: Investment Advice - Lump sum investing
Replies: 15
Views: 1138

Re: Investment Advice - Lump sum investing

I would pay off the mortgage! That leaves you 41k to invest this month. Plus the equivalent of the mortgage payment to invest every month. What will that be over the next ten years that you will have dollar cost averaged into the market? Do not think of "losing" the 209k if you pay off the mortgage....
by Lafder
Wed Aug 08, 2018 11:11 pm
Forum: Investing - Help with Personal Investments
Topic: Investment Advice - Lump sum investing
Replies: 15
Views: 1138

Re: Investment Advice - Lump sum investing

The fact that you have waited this long tells me you will be very anxious if you invest lump sum! You can moderate the risk by the % stocks/bonds you choose. Lump sum 100% stocks is different than lump sum 10% stocks, 90% bonds. Are you set on your desired AA ? Is there any amount you want to pay in...
by Lafder
Fri Aug 03, 2018 11:11 pm
Forum: Investing - Help with Personal Investments
Topic: Nervous about not using a personal wealth manager. How do I do this myself?
Replies: 135
Views: 6017

Re: Nervous about not using a personal wealth manager. How do I do this myself?

Welcome here! DO you understand about ER's (Expense Ratios) and load fees (front load and back load) ? If your advisor chooses funds with high ERs or loads, it wipes out your investment from the start and takes from it every year. Index funds with low ERs allow you to buy the market instead of tryin...
by Lafder
Sun Jul 22, 2018 9:03 pm
Forum: Investing - Help with Personal Investments
Topic: Mega Backdoor Roth: automatic quarterly Roth In-plan conversion and transfer to private Roth IRA
Replies: 10
Views: 1033

Re: Mega Backdoor Roth: automatic quarterly Roth In-plan conversion and transfer to private Roth IRA

With my husband's 401k there was no way to do the transaction on line or set up for it to occur automatically. We had to call in every time. You want the in plan distribution to a Roth you control outside of the 401k but fine and simpler if also with Fidelity. You do not want it simply moved to the ...
by Lafder
Sat Jul 21, 2018 1:09 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Advisor
Replies: 25
Views: 2516

Re: Vanguard Advisor

PAS is a paid extra service and you absolutely do not need it. It is for folks who want to be truly hands off. Most of us on here prefer to learn a bit and manage our money on our own. If you can post and read on this site, you do not need PAS. Yes Vanguard provides FREE advisory services for member...
by Lafder
Thu Jul 19, 2018 8:37 am
Forum: Investing - Help with Personal Investments
Topic: House purchase: pay cash or get mortgage?
Replies: 16
Views: 2378

Re: House purchase: pay cash or get mortgage?

The questions I thought of have been asked: Why would you need to refi in 2 years regardless ? I have not heard of that. Where is the cash coming from? I would not borrow from retirement accounts to pay cash. If I had the option, sure, I would pay cash. Then invest the equivalent of the mortgage pay...
by Lafder
Thu Jul 19, 2018 8:26 am
Forum: Investing - Help with Personal Investments
Topic: Check in/How are we doing?
Replies: 7
Views: 1240

Re: Check in/How are we doing?

Congratulations on your upcoming membership to the parenting club! What is your desired asset allocation of stocks/bonds, % International stocks ? If you state what it is and what you are actually at, you can see if you are at your own goal. :) At your age we were at 80/20, with 30% International. T...
by Lafder
Thu Jul 19, 2018 8:14 am
Forum: Investing - Help with Personal Investments
Topic: High Crypto Allocation
Replies: 37
Views: 3025

Re: High Crypto Allocation

I am not sure if this is for or against holding some bitcoins. I do not have any. I just saw on the news last night that a local college is accepting bitcoin as a form of tuition payment. The reporter asked if that was a financial risk for the school and they said they convert it to cash right away....
by Lafder
Thu Jul 19, 2018 7:55 am
Forum: Investing - Help with Personal Investments
Topic: Program and Administration Fee Error?
Replies: 5
Views: 597

Re: Program and Administration Fee Error?

Welcome to the hidden fees of the financial world. This is why so many people think they are not being charged fees on their money. The expense ratios never show up as an expense. They are taken out before you see it. The listed fees are only part of the expenses you pay. I do not pay any extra fees...
by Lafder
Sun Jul 15, 2018 9:07 am
Forum: Investing - Help with Personal Investments
Topic: After-tax Roth conversion question
Replies: 18
Views: 978

Re: After-tax Roth conversion question

A Roth is special space since once the money is there you never pay tax on it again. You say you may be in the same tax bracket in retirement. Pay the income tax on the pretax growth that is now in your Roth, and enjoy a larger Roth balance going forward. I would not try to undo this since more in R...
by Lafder
Thu Jul 12, 2018 10:08 pm
Forum: Investing - Help with Personal Investments
Topic: When can I retire? Where to go from here?
Replies: 19
Views: 3850

Re: When can I retire? Where to go from here?

How awesome that you both earned this $$ with hard work! Great job thinking through how to make the most of it.

This site has the most useful info of any financial site I have found.

lafder
by Lafder
Thu Jul 12, 2018 10:03 pm
Forum: Investing - Help with Personal Investments
Topic: Recurring investments in taxable account
Replies: 26
Views: 1967

Re: Recurring investments in taxable account

Some company plans allow after tax 401k contributions. And keep track of the amount and growth. And allow you to do an in plan distribution (allow you to move those specified funds from the plan while you are still "in plan" and employed). And that is a perfect set up for a mega back door Roth where...
by Lafder
Thu Jul 12, 2018 9:07 am
Forum: Investing - Help with Personal Investments
Topic: Recurring investments in taxable account
Replies: 26
Views: 1967

Re: Recurring investments in taxable account

You know the 18,500 is employee only, any employer match is in addition, right? How old are you? Max contribution goes up the year you turn 50. Does your employer allow post tax contributions? Do they allow in plan distributions of just the post tax portion? If so you may be eligible for a mega back...
by Lafder
Wed Jul 11, 2018 8:01 am
Forum: Investing - Help with Personal Investments
Topic: Received $1m windfall with additional upside; looking for feedback on plan to hedge against market correction
Replies: 40
Views: 6291

Re: Received $1m windfall with additional upside; looking for feedback on plan to hedge against market correction

Regarding this "Wonder how the access to advisor through Flagship is different from paying the 30 bps through PAS" A flagship advisor or an advisor you call at VG can help explain things. But they are more careful not to give you a financial plan/suggestions for your investments. There are specific ...
by Lafder
Sun Jul 08, 2018 10:46 am
Forum: Investing - Help with Personal Investments
Topic: [Moving from Edward Jones to Vanguard, paperwork help requested]
Replies: 3
Views: 487

Re: [Moving from Edward Jones to Vanguard, paperwork help requested]

If you call Vanguard, they may need your parents on the line too, they will help you sort this out and get the proper forms and information to "pull" the money to them. They were very helpful getting my aunt's accounts to them and it took several hours on the phone to track down all of her various h...
by Lafder
Sun Jul 08, 2018 9:45 am
Forum: Investing - Help with Personal Investments
Topic: When can I retire? Where to go from here?
Replies: 19
Views: 3850

Re: Checkup Please! Where to go from here?

It is the other way around.

A solo401k is if you have no employees or just a spouse employee.

A solo401k lets you put away as the employer and employee, so generally about 18,000 a year more than a SEP for the same income.

lafder
by Lafder
Sat Jul 07, 2018 7:07 pm
Forum: Investing - Help with Personal Investments
Topic: Received $1m windfall with additional upside; looking for feedback on plan to hedge against market correction
Replies: 40
Views: 6291

Re: Received $1m windfall with additional upside; looking for feedback on plan to hedge against market correction

To comment on your actual questions :) ........................ 1. Does anyone have general comments on my hedge plan above? I'm assuming the default recommendation is to avoid timing the market and put everything in index funds, though I wonder if my unique situation may mean that I should think ab...
by Lafder
Sat Jul 07, 2018 6:51 pm
Forum: Investing - Help with Personal Investments
Topic: Received $1m windfall with additional upside; looking for feedback on plan to hedge against market correction
Replies: 40
Views: 6291

Re: Received $1m windfall with additional upside; looking for feedback on plan to hedge against market correction

Welcome here! Your desired 30/70 is extremely conservative. But that is ok if you feel most safe there. Age in bonds down to age -(15-20) is often rec here which could be a portfolio of 80/20- 70/30 for you. You are way above that in bonds. Bonds do grow over time. And they do not drop as much as st...
by Lafder
Sat Jul 07, 2018 6:31 pm
Forum: Investing - Help with Personal Investments
Topic: When can I retire? Where to go from here?
Replies: 19
Views: 3850

Re: Checkup Please! Where to go from here?

Does your wife have any employees? A solo 401k allows bigger pretax contributions than a SEP for the same income. Fidelity would allow her to roll her SEP into her solo401k. You are only allowed a SEP or Solo401k in a tax year. So if she has made SEP contributions for 2018 already, she can do a solo...
by Lafder
Fri Jul 06, 2018 8:57 am
Forum: Investing - Help with Personal Investments
Topic: Wanting to self-manage retirement accounts - Advice Requested
Replies: 12
Views: 1538

Re: Wanting to self-manage retirement accounts - Advice Requested

As others have asked, what is your relationship with the advisor? Are they through Fidelity? I would contact the advisor and tell them you no longer need their services, so stop the charges and services immediately, Thank You. That is an immediate monthly savings. Your portfolio is overly complicate...
by Lafder
Thu Jul 05, 2018 8:43 pm
Forum: Personal Finance (Not Investing)
Topic: How to title a car for a teen
Replies: 9
Views: 1323

Re: How to title a car for a teen

Turns out a 17 year old can not be on the title even as a co owner. So it is in our names. And we will figure out whether to transfer to his name when he turns 18.

Thanks for the comments!

lafder
by Lafder
Wed Jul 04, 2018 11:11 am
Forum: Personal Finance (Not Investing)
Topic: How to title a car for a teen
Replies: 9
Views: 1323

How to title a car for a teen

Grandparents are gifting a car to my teenager. The intention is that it is the teen's car, but we (parents) have control if it needs to be taken away or restricted. But if all goes well it is the teens to keep as an adult. I was thinking it is simplest to put in one parent and teen's name so easy to...
by Lafder
Tue Jul 03, 2018 12:03 am
Forum: Investing - Help with Personal Investments
Topic: Helping Parents. Just Moved to VG
Replies: 15
Views: 973

Re: Helping Parents. Just Moved to VG

Read this to see why a 3 fund portfolio will likely beat your proposal https://www.bogleheads.org/forum/viewtopic.php?f=10&t=88005 The all in one portfolios of the target date retirement funds, or life strategy funds are various ratios of all in one funds using the 3 fund portfolio plus Internationa...
by Lafder
Sun Jul 01, 2018 9:44 pm
Forum: Investing - Help with Personal Investments
Topic: Husband's job finally has a 401k offering with unusual funds
Replies: 29
Views: 2066

Re: Husband's job finally has a 401k offering with unusual funds

Go back and edit to add the expense ratios (ERs) for his offerings. That will really help eliminate some :)
lafder
by Lafder
Sun Jul 01, 2018 9:12 pm
Forum: Personal Finance (Not Investing)
Topic: Do we start the house buying process?
Replies: 25
Views: 2268

Re: Do we start the house buying process?

Out of state sellers may even take a lower price............... It is possible it is a deal and or a money pit. I would definitely look at what else the same purchase price could buy in the area! I would be tempted to make an offer if you are quite sure you will stay in the area even if your partner...
by Lafder
Tue Jun 26, 2018 11:54 pm
Forum: Investing - Help with Personal Investments
Topic: Frequency of Mega Backdoor IRA Transfers
Replies: 15
Views: 1280

Re: Frequency of Mega Backdoor IRA Transfers

Does the plan set any limits? My husband's 401k only allowed 4 in plan distributions per year so we did them quarterly.

With your fees per transaction, I might do it twice a year to minimize the fee, but to not have it grow to much while there if I waited all year :)

lafder
by Lafder
Tue Jun 26, 2018 11:50 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with 21k
Replies: 6
Views: 771

Re: What to do with 21k

Yes! Pay off the car and invest the equivalent of the payment into savings or towards your mortgage :) A couple hundred a month to your mortgage saves a lot of interest over the life of the loan.
lafder
by Lafder
Tue Jun 26, 2018 8:55 am
Forum: Investing - Help with Personal Investments
Topic: Multiple mega-backdoor Roth 401k -> IRA conversions
Replies: 18
Views: 1001

Re: Multiple mega-backdoor Roth 401k -> IRA conversions

Depending on your income, you are missing investing the total pretax amount in your 401k. The extra pretax portion you put away now means a bigger nest egg to grow over the years. But yes you will pay tax on it eventually. Perhaps Roths will have been the better answer 30 years from now. But that sa...
by Lafder
Thu Jun 21, 2018 3:36 pm
Forum: Investing - Help with Personal Investments
Topic: Evaluate me? and appreciated advice taken
Replies: 9
Views: 1064

Re: Evaluate me? and appreciated advice taken

So are your rental properties out of state? Do you pay management fees? Can you add the expense ratios for the available funds, ER's ? They should be in the plan info. It looks like you will have some good low cost options from what you posted. Costs matter, so the ER can make a difference in choosi...
by Lafder
Thu Jun 21, 2018 9:34 am
Forum: Investing - Help with Personal Investments
Topic: Evaluate me? and appreciated advice taken
Replies: 9
Views: 1064

Re: Evaluate me? and appreciated advice taken

Casper16, Welcome here! I like to maximize retirement account investments since you save the income tax immediately and put a larger amount away to compound over the years. Do you have any match on your 457? At a minimum contribute enough to get the full match. List out your options and we can help ...
by Lafder
Sat Jun 16, 2018 10:28 am
Forum: Investing - Help with Personal Investments
Topic: Mega Backdoor Roth Question
Replies: 5
Views: 510

Re: Mega Backdoor Roth Question

I agree it would be much simpler to open a Roth at Fidelity so the transaction is all withing the same system. In our case, with my husbands 401k was at Fidelity, so he opened a Roth with Fidelity as well. The agents were able to complete the transaction on the phone. But you had to find someone who...
by Lafder
Fri Jun 08, 2018 8:05 am
Forum: Investing - Help with Personal Investments
Topic: Roth IRA Question for Young-ish Investor.
Replies: 8
Views: 744

Re: Roth IRA Question for Young-ish Investor.

My Roth is 100% Total stock market index. If it ever gets big, I would consider adding some bond index so I have rebalancing space. But since my Roth is a smaller account, I am fine with just the one holding. Yes invest it / reset it at once and forget about it. I would simplify the individual stock...
by Lafder
Fri Jun 08, 2018 7:58 am
Forum: Investing - Help with Personal Investments
Topic: Estate Planning--Trust Fund Investments
Replies: 10
Views: 558

Re: Estate Planning--Trust Fund Investments

Tdubs, How old is the child you want to make a trust for? Are they a minor, or have a disability, or simply not responsible for money? Will the trust ever be turned over to the child? I think it is helpful to be specific on what you want, but to have some leeway. Such as "The trust shall invest in a...
by Lafder
Fri Jun 08, 2018 7:34 am
Forum: Investing - Help with Personal Investments
Topic: Newbie stuck with Class C investments from Ameriprise
Replies: 12
Views: 886

Re: Newbie stuck with Class C investments from Ameriprise

PAS is a management service you will pay 0.3% for every year on your total balance. Are you looking for someone to watch your holdings and assist with rebalancing and making changes over time to your accounts? Or are you looking for help getting your accounts set up and then you can do it on your ow...
by Lafder
Thu Jun 07, 2018 9:25 am
Forum: Investing - Help with Personal Investments
Topic: It's Complicated. Newbie needs help with simplification and investing cash.
Replies: 7
Views: 690

Re: It's Complicated. Newbie needs help with simplification and investing cash.

Welcome here! Debt: Mortgage – about $36,500 and 8 years remaining at 3.5% Student loans – about $12,800 and 3 years remaining at 2.04% Payments total about $825 per month ((I would pay these off. It is a small amount compared to your cash on hand and a guaranteed return of the interest rate. You ca...
by Lafder
Thu Jun 07, 2018 8:59 am
Forum: Investing - Help with Personal Investments
Topic: Just utilize the mega backdoor? Is it that simple?
Replies: 20
Views: 2210

Re: Just utilize the mega backdoor? Is it that simple?

Yes, if you can afford to max your work 401k contribution do it. Then you can roll any post tax contributions to a (mega back door) Roth if the plan is set up to do so. Which you have confirmed it is. Check your employer restrictions. For example my husbands employer only allowed 4 in plan distribut...
by Lafder
Sat Jun 02, 2018 1:23 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review: Very conservative, primarily interested in capital preservation
Replies: 30
Views: 4432

Re: Portfolio Review: Very conservative, primarily interested in capital preservation

I am not sure so I don't want to lead you wrong. See what others say as someone will know for sure :) Might a "deductible" contribution be recharacterized as "nondeductible" ? I know for the pro rata rule they look at the IRA balance on 12/31, so you have time to make the balance zero by rolling it ...
by Lafder
Thu May 31, 2018 8:40 am
Forum: Investing - Help with Personal Investments
Topic: Advice for bad advice
Replies: 14
Views: 1913

Re: Advice for bad advice

Take the time to post all of your holdings in this format so you can make a comprehensive plan including how much of your cash to invest or hold as an emergency fund. We can help be sure your retirement accounts are optimized and fit in with the rest of your plan. What is your desired asset allocati...
by Lafder
Thu May 31, 2018 7:53 am
Forum: Investing - Help with Personal Investments
Topic: Request for portfolio advice
Replies: 10
Views: 1021

Re: Request for portfolio advice

Overall it looks good and you have a solid plan. Ouch to the fees with her options. That offends my sensibilities, but we see such high fees often! Once you get her holdings in lower fee options of those, I might pester the school district and push for lower fee options for all! 6 figures in a savin...
by Lafder
Thu May 31, 2018 7:39 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review: Very conservative, primarily interested in capital preservation
Replies: 30
Views: 4432

Re: Portfolio Review: Very conservative, primarily interested in capital preservation

LOL to your houses as firewood comment. I have had the same thought about books, in an apocalypse they can be used as kindling or toilet paper :) Yes it is called the pro rata rule. If you have any IRA (not 401k). I think of it as: max tax advantaged retirement accounts such as your solo401k. Then i...
by Lafder
Wed May 30, 2018 10:04 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review: Very conservative, primarily interested in capital preservation
Replies: 30
Views: 4432

Re: Portfolio Review: Very conservative, primarily interested in capital preservation

You have to have earned income to do a solo401k or IRA. So it is hard to imagine a year you can not do a solo401k and can do an IRA. Unless you get a part time not self employed job that year. In the future, if you have just a solo401k and do want an IRA, you can open a new IRA then. The thing about...
by Lafder
Wed May 30, 2018 8:19 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review: Very conservative, primarily interested in capital preservation
Replies: 30
Views: 4432

Re: Portfolio Review Request: Very conservative, primarily interested in capital preservation, unlikely to ever "retire"

What about moving your IRA to your solo401k. If etrade does not allow you to roll other IRAs into your solo401k, Fidelity does. Then you can use a backdoor Roth to put 5500$ away every year that you will never pay tax on again. It will add up over the years. Yes keep maxing your solo401k. Note the y...
by Lafder
Tue May 29, 2018 7:41 am
Forum: Investing - Help with Personal Investments
Topic: Help review this 1 million portfolio & our spend planning?
Replies: 5
Views: 1534

Re: Help review this 1 million portfolio & our spend planning?

It will help you (and us) look at your proposed "new portfolio" to break it out into retirement accounts and taxable, and include all of your holdings in % that add up to 100. 70% bonds is quite conservative, versus the age in bonds down to age -15 in bonds range often discussed here. It is ok to be...
by Lafder
Sat May 19, 2018 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: What’s your phone/internet bill?
Replies: 92
Views: 6460

Re: What’s your phone/internet bill?

Phone Tmobile 140/month 4 lines unlimited text and data. Data slows down after 4G or something like that. Our internet/cable is 90$ for high speed internet plus limited HD channels. We miss a lot of channels I like such as HGTV, but have HBO We could have a free "landline" with our cable package, bu...
by Lafder
Tue May 15, 2018 10:52 pm
Forum: Investing - Help with Personal Investments
Topic: Large Personal Injury Settlement
Replies: 58
Views: 5449

Re: Large Personal Injury Settlement

Welcome here and I am sorry for your accident! These posts are publicly searchable. I would go back and edit out your state or change it, make your age more vague such as early 20's, and take out the specific nature of your injury or change it :). Otherwise some snoopy person might play with some go...
by Lafder
Tue May 15, 2018 10:04 am
Forum: Investing - Help with Personal Investments
Topic: Small gift from Grandma to infant - where to put it?
Replies: 21
Views: 2086

Re: Small gift from Grandma to infant - where to put it?

I would personally open an account at Fidelity and buy 1000$ of Disney stock with dividends set to reinvest in your own, and your spouse's names with the knowledge that is a gift from grandma for your child's benefit. I did not personally mess with accounts in my kids names. This is of course a pote...
by Lafder
Tue May 15, 2018 9:58 am
Forum: Investing - Help with Personal Investments
Topic: Three fund portfolio performance
Replies: 31
Views: 4495

Re: Three fund portfolio performance

Sonic, Can you post the specifics of how much money you put into each account and when? And of any expenses you have with your holdings? And your current balances? With the 3 holdings you describe at the asset allocation you describe, I am not seeing a negative return or loss if I look up returns in...
by Lafder
Tue May 15, 2018 8:52 am
Forum: Investing - Help with Personal Investments
Topic: In-kind/liquidation transfer to VG from Managed account
Replies: 6
Views: 412

Re: In-kind/liquidation transfer to VG from Managed account

Do you have a solid plan for what you want to do with the money once you move it? You just made major changes to your holdings 4 months ago, and now you are making changes again. Are you sure you won't want to make another change 4 months from now? I agree with you that the management fees are not w...
by Lafder
Sat May 12, 2018 9:57 am
Forum: Investing - Help with Personal Investments
Topic: Help with planning
Replies: 9
Views: 700

Re: Help with planning

Yes I would max pretax 401k's and yes I would do back door Roths. You and your spouse can do back door Roths of 6500 each. But, you need to not have IRAs or it messes up the taxes owed due to a pro rata rule. You would need to roll existing IRAs (including rollover IRAs) into your 401k's. You are al...