Search found 746 matches

by billfromct
Mon Oct 15, 2018 3:28 pm
Forum: Investing - Help with Personal Investments
Topic: 401k Funds for 23 year just starting out
Replies: 7
Views: 436

Re: 401k Funds for 23 year just starting out

If this were my daughter, with 40-45 years until retirement, I would recommend 100% stocks, at least through her 20s into her 30s. In fact, my daughter, who is in her late 20s, is 100% stocks in her retirement accounts. The Vanguard Life Strategy Growth Fund is 20% bonds. Depending on her tax bracke...
by billfromct
Thu Oct 11, 2018 5:05 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio advice, early 20s
Replies: 20
Views: 984

Re: Portfolio advice, early 20s

Just to clarify the income limits to contribute to a tax deductible & Roth IRA: -tax deductible IRA:. ability to contribute starts to phase out when your modified adjusted gross income (MAGI) hits $63k, totally phases out at $73k; if single & if "you are covered by a retirement plan at work" but I t...
by billfromct
Wed Oct 10, 2018 9:48 pm
Forum: Personal Finance (Not Investing)
Topic: If I retire to a State that has no State taxes...
Replies: 46
Views: 7365

Re: If I retire to a State that has no State taxes...

When my daughter moved down south for grad school, she sent a letter to the town clerk (the town she moved from) stating that she moved & to remove her name from the voter registration list. She did this just to make sure her move was documented so her old state would not come after her for state in...
by billfromct
Tue Oct 09, 2018 3:27 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice
Replies: 5
Views: 334

Re: Portfolio Advice

If I was 29 with 30-40 years until retirement, I would be maxing out my Roth 401k, maybe into my mid/late 30s, or until it hurts too much. When you're retired, you won't remember what you did with the tax savings you got from maxing out your tax deductible 401k. Most people just put their paycheck i...
by billfromct
Mon Oct 08, 2018 4:27 pm
Forum: Investing - Help with Personal Investments
Topic: 529 Accounts - Nevada (Vanguard) or Utah (my529)
Replies: 3
Views: 298

Re: 529 Accounts - Nevada (Vanguard) or Utah (my529)

If you look at the 529 plan (Nevada) on the Vanguard website you can see all the fund alternatives. On the Vanguard website go to: -Investing -Account types -529 Plans -Choose investments for your 529 account From there you can see their "age based options" & their "individual portfolios". There are...
by billfromct
Sun Oct 07, 2018 2:43 pm
Forum: Investing - Help with Personal Investments
Topic: Where to park emergency fund
Replies: 5
Views: 730

Re: Where to park emergency fund

The the Vanguard "managed account" that you have your "emergency fund" in is the 4 Vanguard stock/bond funds you listed? Are you willing to lose 10%-30% of your "emergency fund" during the next stock market correction/bear market? I have my "emergency fund" in the Vanguard Prime Money Market Fund wh...
by billfromct
Sun Oct 07, 2018 1:07 pm
Forum: Investing - Help with Personal Investments
Topic: Need pretty much all kinds of advice
Replies: 7
Views: 772

Re: Need pretty much all kinds of advice

ExitStageLeft had some good advice. One thing you may want to do is to take the ExxonMobil dividends in cash (about $2,500/quarter, 3,000 x $.82/share) & use that money to start/fund a 529 college savings account for your kids. The 529 plan will grow tax free & the money, if used for college expense...
by billfromct
Tue Oct 02, 2018 9:18 pm
Forum: Investing - Help with Personal Investments
Topic: Roth 403b Roth IRA questions
Replies: 12
Views: 595

Re: Roth 403b Roth IRA questions

The OP said he has about $1.2M in "pretax". Wouldn't that generate about $44k in RMDs ($1,200,000/27.4) at age 70?

bill
by billfromct
Tue Oct 02, 2018 8:59 pm
Forum: Investing - Help with Personal Investments
Topic: Where to move Waddell Reed taxable account?
Replies: 3
Views: 344

Re: Where to move Waddell Reed taxable account?

I would liquidate the WR account & move the cash to Vanguard. From there you can figure out your asset allocation. With a total value of $36k, there probably isn't much capital gains. If you moved the WR funds "in kind", Vanguard may charge fees to liquidate those funds; don't know, just guessing. I...
by billfromct
Tue Oct 02, 2018 4:17 am
Forum: Investing - Help with Personal Investments
Topic: Help with 401k fund choice please!
Replies: 30
Views: 1820

Re: Help with 401k fund choice please!

You will get more responses if you include the mutual fund name & expense ratio (ER).

Not too many people on this site have memorized the thousands of mutual fund ticker symbols.

bill
by billfromct
Mon Oct 01, 2018 9:10 am
Forum: Personal Finance (Not Investing)
Topic: Struggling with Medicare Plan G vs Plan N
Replies: 21
Views: 1250

Re: Struggling with Medicare Plan G vs Plan N

It would be nice if you listed the Medicare plan names instead of the Plan letters. A lot of people are learning about Medicare plans through this forum so the more/simple information that is provided, the better. I'm just starting to memorize the Vanguard 160 (maybe more) or so mutual fund ticker s...
by billfromct
Mon Oct 01, 2018 3:42 am
Forum: Investing - Help with Personal Investments
Topic: Financial Plan for 25 year old
Replies: 9
Views: 1071

Re: Financial Plan for 25 year old

I'm not familiar with how the 403b/457 plan work, so someone else will reply. Will your 2nd "per diem" job be paid as an employee (W2) or as an independent contractor (1099)? If you are an independent contractor, there may be more cost effective funds if you go the Solo 401k route. Also with a Solo ...
by billfromct
Sun Sep 30, 2018 11:15 pm
Forum: Personal Finance (Not Investing)
Topic: Cancer patient - Estate planning for minor beneficiary
Replies: 14
Views: 1496

Re: Cancer patient - Estate planning for minor beneficiary

Your son will be able to receive Social Security survivor benefits, based on your SS contributions, until your son turns 19 or graduates from high school. Your son's mother will have to apply at the SS office & will need (the more documentation the better just to make sure): -his birth certificate -...
by billfromct
Sun Sep 30, 2018 4:16 am
Forum: Investing - Help with Personal Investments
Topic: Pondering Pros/Cons of Defensive Investing Starting Out
Replies: 12
Views: 927

Re: Pondering Pros/Cons of Defensive Investing Starting Out

You don't say if any of this money is in retirement accounts or all is in taxable accounts. Assuming you're in your 20's: *if in retirement accounts, at you age I would be 100% in stocks for the next 20-25 years as long as you stay the course & not bail out at the next Stock market correction or bea...
by billfromct
Sat Sep 29, 2018 12:20 am
Forum: Personal Finance (Not Investing)
Topic: Car broker
Replies: 22
Views: 1804

Re: Car broker

What did the "car broker" charge you?

bill
by billfromct
Fri Sep 28, 2018 3:50 am
Forum: Personal Finance (Not Investing)
Topic: Car broker
Replies: 22
Views: 1804

Re: Car broker

Dave, how do you know if the Car Broker is getting you a good deal? I'm sure he or she will compare his or her price with the list price (MSRP). Also, you should get the "out the door" price (car price, dealer charges, registration, sales tax, etc. including the broker charge) to do an " apples to a...
by billfromct
Fri Sep 28, 2018 2:16 am
Forum: Investing - Help with Personal Investments
Topic: Warren Buffet Portfolio Critique
Replies: 56
Views: 4524

Re: Warren Buffet Portfolio Critique

According to "the Google", Warren Buffett is worth about $86b or $87b. Let's make it conservative & say $80b. So his legacy to his wife (assuming no inheritance taxes) would be $8.0b Treasuries/$72.0b stocks. I believe his wife is about 72 years old now. I guess she would be able to survive on $8.0b...
by billfromct
Fri Sep 28, 2018 1:34 am
Forum: Investing - Help with Personal Investments
Topic: 99% invested in stocks, bond recommendations please?
Replies: 19
Views: 2530

Re: 99% invested in stocks, bond recommendations please?

I would agree that an 80%/20% allocation in your retirement accounts is appropriate for someone 20 years out from retirement, others will think that is too aggressive. You just need enough fixed income money (money market. CDs, etc) outside of your retirement accounts for emergencies. etc. to carry ...
by billfromct
Fri Sep 28, 2018 1:03 am
Forum: Investing - Help with Personal Investments
Topic: Need some advice getting started at 34yo (updated 10/21/2018)
Replies: 20
Views: 3085

Re: Need some advice getting started at 34yo

From my understanding, here's what Edward Jones does to make their service expensive: *charge the 1% "assets under management'" (AUM) fee; annually *most likely put you into mutual funds with sales charges or "losds"; usually 5.75% loads; so $10,000 put into a mutual fund with a 5.75% sales charge w...
by billfromct
Thu Sep 27, 2018 4:21 pm
Forum: Investing - Help with Personal Investments
Topic: Bond fund yields: Schwab vs Vanguard
Replies: 11
Views: 1171

Re: Bond fund yields: Schwab vs Vanguard

You also need to look at the duration & average maturity of each bond fund. The longer the duration & average effective maturity, the higher the SEC yield. But with longer duration/maturity, the more volatile the net asset value of the bond fund. Normally longer term bond funds will carry a higher i...
by billfromct
Thu Sep 27, 2018 12:26 pm
Forum: Investing - Help with Personal Investments
Topic: Secondary beneficiary for JTWROS brokerage account
Replies: 24
Views: 1328

Re: Secondary beneficiary for JTWROS brokerage account

I guess I'm a little confused. CRTR said that he checked his parent's joint Vanguard account. CRTR said that he is the primary beneficiary for his parents joint Vanguard account. So theoretically, CRTR's surviving parent is the primary beneficiary & CRTR is theoretically the secondary beneficiary al...
by billfromct
Mon Sep 24, 2018 11:01 pm
Forum: Investing - Help with Personal Investments
Topic: Where to invest cash in IRA
Replies: 8
Views: 738

Re: Where to invest cash in IRA

You don't say you have your Roth IRA with Vanguard but you indicate that you have or are looking at ETFs within your Roth IRA. The Vanguard Prime Money Market Fund is currently paying 2.11%. I would imagine other mutual fund company MM funds are probably paying 1.8%-2.0%; my guess only. With specula...
by billfromct
Mon Sep 24, 2018 10:58 am
Forum: Investing - Help with Personal Investments
Topic: Newbie Investor Taxable Account Questions
Replies: 3
Views: 333

Re: Newbie Investor Taxable Account Questions

Since your gross income is about $65k, minus the $24k standard deduction, your taxable income would be about $41k, which would put you in the 12% Federal tax bracket, married filing jointly. In the 12% tax bracket, Federal long term capital gains & qualified dividends would be taxed at 0%. Short ter...
by billfromct
Sun Sep 23, 2018 10:15 pm
Forum: Investing - Help with Personal Investments
Topic: Help with moving from an Advisor to a self managed account
Replies: 11
Views: 1173

Re: Help with moving from an Advisor to a self managed account

I see some typos/misinformation in your post: -i think the maximum SS benefit at age 70 is about $3,500/month or about $42,000/year (someone will correct me if I'm wrong) -my understanding is that someone born after 1January 1954 cannot apply for spousal SS benefits, but will apply for SS and get th...
by billfromct
Sun Sep 23, 2018 9:18 am
Forum: Investing - Help with Personal Investments
Topic: Funding a Roth IRA for 60+ Years
Replies: 7
Views: 1135

Re: Funding a Roth IRA for 60+ Years

I'm planning the same thing with my Roth IRA & pass it down to my kids. I am 69 & am 100% stocks in my Roth IRA. I have told my kids to keep the inherited Roth IRA 100% stocks as well when they start taking minimum required distributions (RMDs) when I pass. They will be probably be taking inherited ...
by billfromct
Sun Sep 23, 2018 2:00 am
Forum: Investing - Help with Personal Investments
Topic: Roth vs Traditional IRA
Replies: 11
Views: 914

Re: Roth vs Traditional IRA

The first thing is to build up tax diversity in your retirement account, as Leif mentioned. It appears that you are doing so. You don't give your age, or marital status, so I'm assuming 30s & single. Being in the 24% Federal tax bracket, I would recommend tax deductible in your TSP & a Roth IRA if e...
by billfromct
Sat Sep 22, 2018 11:37 am
Forum: Investing - Help with Personal Investments
Topic: How to fund education for grandchildren: various strategies? Help?
Replies: 23
Views: 1369

Re: How to fund education for grandchildren: various strategies? Help?

I will give the money to my son or daughter-in-law to open a 529 for their children so they can take advantage of the state income tax reduction. I will probably give him the maximum $15,000 gift. You can also give the daughter-in-law $15,000 to open a 529 for the other child. If my son or daughter-...
by billfromct
Sat Sep 22, 2018 1:16 am
Forum: Personal Finance (Not Investing)
Topic: Hubby soon to be laid off
Replies: 74
Views: 7813

Re: Hubby soon to be laid off

I was laid off from my job back in January 2018. I received 30 weeks of Massachusetts unemployment benefits. The Mass unemployment website says: "The total amount of benefits you can receive in your benefit year is called your maximum benefit credit. Your maximum benefit credit is calculated as the ...
by billfromct
Fri Sep 21, 2018 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: Thoughts on Using Medicare Consultant that is Paid by the Insurers
Replies: 25
Views: 1297

Re: Thoughts on Using Medicare Consultant that is Paid by the Insurers

It's my understanding that each state has a S.H.I.P. program (State Health Insurance Assistance Program) which will help residents of that state find the best Medicare plan (advantage or medigap/supplemental). Google S.H.I.P. for you state's contact information. I haven't used them but people who ha...
by billfromct
Fri Sep 21, 2018 3:02 pm
Forum: Investing - Help with Personal Investments
Topic: High employer contribution, still max 403b before taxable?
Replies: 30
Views: 1428

Re: High employer contribution, still max 403b before taxable?

Investing in a non-deductible IRA or a variable annuity is the best way to convert long term capital gains (15% Federal income tax for most people) into ordinary income (24% tax bracket for most couples). I had opened up a Vanguard variable annuity for my wife in the early 1990s when she was a "stay...
by billfromct
Fri Sep 21, 2018 8:52 am
Forum: Personal Finance (Not Investing)
Topic: Hubby soon to be laid off
Replies: 74
Views: 7813

Re: Hubby soon to be laid off

Unemployment in Mass is 50% of your salary up to $769/week maximum. Mass Unemployment does not take out SS & Medicare. You can have up to 10% withheld for Federal income tax & up to 5% withheld for Mass state income tax. You can't collect for the weeks you get severence unless you have to sign a rel...
by billfromct
Fri Sep 21, 2018 12:06 am
Forum: Investing - Help with Personal Investments
Topic: Roth 401k or Traditional?
Replies: 21
Views: 1383

Re: Roth 401k or Traditional?

Under the IRS heading, "Retirement Savings Contributions Credit (Saver's Credit)", under "Amount of the Credit", the IRS says: "The maximum credit amount is $2,000 ($4,000 if married filing jointly)." It does not say that the benefit only extends to a $2,000 or $4,000 (if married filing jointly) con...
by billfromct
Thu Sep 20, 2018 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: Hubby soon to be laid off
Replies: 74
Views: 7813

Re: Hubby soon to be laid off

I believe your husband has 3 months to apply for Medicare Part B, after the month he turns 65 without proof that he currently has other health insurance. If it is over 3 months past his 65th birthday month, he will need form CMS-L564, Verification of Employment documenting he has health insurance. H...
by billfromct
Tue Sep 18, 2018 4:31 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance...Social Security also pays?
Replies: 25
Views: 1531

Re: Life Insurance...Social Security also pays?

So if your wife earned $17,042, her survivor benefit would be reduced to $2,114/month (reduced from $2,115/month). If she earned $17,044, her benefit would be reduced to $2,113/month, etc. You can do the math. If your wife works, it will not reduce the SS survivor benefit your child would receive. A...
by billfromct
Tue Sep 18, 2018 11:31 am
Forum: Investing - Help with Personal Investments
Topic: Questions about parents retirement accounts
Replies: 5
Views: 577

Re: Questions about parents retirement accounts

You need to do some accurate 2018 tax planning especially since it appears there are several sources of taxable income: -your father's 2018 earned income -your father's potential 2018 IRA/401k RMD -your mother's taxable IRA distribution (if she takes money out for the house purchase) -your mother's ...
by billfromct
Mon Sep 17, 2018 8:10 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Personal Advisor - .30%
Replies: 23
Views: 3220

Re: Vanguard Personal Advisor - .33%

Isn't the highest Vanguard PAS fee .30%?

Did it recently go up?

bill
by billfromct
Mon Sep 17, 2018 7:42 pm
Forum: Investing - Help with Personal Investments
Topic: Dollar cost average funds being transferred to new retirement account?
Replies: 25
Views: 1764

Re: Dollar cost average funds being transferred to new retirement account?

Since you have the appropriate asset allocation set before the transfer (my assumption), I would keep the same asset allocation immediately after the transfer.

bill
by billfromct
Mon Sep 17, 2018 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: Playing catch up. Best methods to grow retirement in next 10+years?
Replies: 17
Views: 2223

Re: Playing catch up. Best methods to grow retirement in next 10+years?

Now may be the time to encourage your kids to think about their financial future especially retirement by contributing to a Roth IRA for your son (over 16 to have an after school or summer job) & daughter when she turns 16. My kids started after school/summer jobs when they turned 16 & funded their ...
by billfromct
Mon Sep 17, 2018 1:29 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard vs. EJ vs. Fidelity
Replies: 13
Views: 1051

Re: Vanguard vs. EJ vs. Fidelity

I have been with Vanguard for 36 or 37 years. My company 401k was with Fidelity. Fidelity is good, but you have to leary about them trying to gently push you to higher cost funds/services. They have to pay their expenses & I'm sure the advisors are evaluated on bringing more expense ratio/fee revenu...
by billfromct
Mon Sep 17, 2018 1:16 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Establishing a Custodial Account
Replies: 6
Views: 260

Re: Help with Establishing a Custodial Account

The "kiddie tax" rules have changed with the new tax law, but I believe that a child can earn up to $2,100 of unearned income (interest, capital gains, dividends, etc.) without paying any taxes. The child would probably need $50k-$75k in a stock mutual fund to get that much passive income to be conc...
by billfromct
Mon Sep 17, 2018 6:31 am
Forum: Investing - Theory, News & General
Topic: Need advise to keep investment cost and advisor fee low
Replies: 12
Views: 1101

Re: Need advise to keep investment cost and advisor fee low

I checked Merrill Edge & it appears that they give a $600 bonus if you transfer over $200k of assets to them; not over $200k of assets for each account. My advice would be to partner with an investment company based on services provided, cost & their commitment/action to act in your best interest. O...
by billfromct
Thu Sep 13, 2018 11:46 am
Forum: Investing - Help with Personal Investments
Topic: Wife's Roth @ a Financial Advisor
Replies: 33
Views: 1821

Re: Wife's Roth @ a Financial Advisor

I believe that CWGIX (Capital World G&I), MMUFX (MFS Utilities) & AGTHX (Growth Fund of America) all have a 5.75% sales charge.

That has to be taken into account when comparing with the Vanguard funds.

bill
by billfromct
Wed Sep 12, 2018 4:15 pm
Forum: Personal Consumer Issues
Topic: 401k "advice" to my associates
Replies: 51
Views: 2212

Re: 401k "advice" to my associates

Maybe you could show a comparison of the value of contributing $5,000/year to the 401k with an average 7% return at various ages & an age 65 retirement: -age 25 (40 years until age 65 retirement) $1,068,048 -age 30 $739,567 -age 40 $338,382 -age 50 $134,440 -age 60 $30,766 I got this from moneychimp...
by billfromct
Mon Sep 10, 2018 4:48 pm
Forum: Investing - Theory, News & General
Topic: Moved to 100% FDIC Insured Cash today (college money needed in 3 years)
Replies: 26
Views: 2277

Re: Moved to 100% FDIC Insured Cash today (college money needed in 3 years)

So you'll need the money over the next 3-7 years, freshman through senior college years. I would go with a money market fund, such as the Vanguard Prime Money Market Fund (2.08%) for a couple of years until interest rates stabilize, then a CD ladder that matures a couple months before the start of e...
by billfromct
Sat Sep 08, 2018 10:34 pm
Forum: Investing - Help with Personal Investments
Topic: Just got a new job, looking for a bit of advice on what to do
Replies: 8
Views: 1213

Re: Just got a new job, looking for a bit of advice on what to do

You won't be able to contribute to a tax deductible IRA because your income is too high & you are "covered by a retirement plan. The ability to contribute to a tax deductible IRA starts to phase out when your MAGI hits $101k for married filing jointly (MFJ). The ability to contribute to a regular Ro...
by billfromct
Thu Sep 06, 2018 11:18 pm
Forum: Investing - Help with Personal Investments
Topic: Recovering Fidelity PAS Investor
Replies: 5
Views: 758

Re: Recovering Fidelity PAS Investor

If you are in the 24% Federal income tax bracket (taxable income of $165k-$315k for married filing jointly), you may be over income limit to contribute to a regular Roth IRA. As I mentioned before, the ability to contribute to a regular Roth IRA starts to phase out when your MAGI hits $189k. MAGI ba...
by billfromct
Thu Sep 06, 2018 10:10 pm
Forum: Investing - Help with Personal Investments
Topic: Recovering Fidelity PAS Investor
Replies: 5
Views: 758

Re: Recovering Fidelity PAS Investor

You state that you are in the 32% Federal incone tax bracket (taxable income of $315k-$400k for married filing jointly), and with that income, you can't contribute to a regular Roth IRA. The ability to contribute to a regular Roth IRA starts to phase out when your modified adjusted gross income (MAG...
by billfromct
Thu Sep 06, 2018 6:48 pm
Forum: Investing - Help with Personal Investments
Topic: Moving to Vanguard from Edward Jones, Advice Needed
Replies: 6
Views: 732

Re: Moving to Vanguard from Edward Jones, Advice Needed

Since it appears to be in an IRA with EJ, transfer the EJ IRA into a money market fund in your EJ IRA. It's easier to move cash via a "trustee to trustee" transfer to Vanguard. You can put the transferred money into a Vanguard money market fund in your new Vanguard IRA. Then you can move the money i...
by billfromct
Thu Sep 06, 2018 5:57 pm
Forum: Investing - Help with Personal Investments
Topic: Financial Planner really expensive?
Replies: 19
Views: 2057

Re: Financial Planner really expensive?

Is this "financial planning" for 401k investments or for your entire portfolio?

bill
by billfromct
Thu Sep 06, 2018 4:25 pm
Forum: Investing - Help with Personal Investments
Topic: Investment/Financial Plan Advice
Replies: 13
Views: 1264

Re: Investment/Financial Plan Advice

Are you sure the stipend is not taxable income? My daughter goes to grad school, gets a stipend/salary (I think she was told it was a stipend to cover her living expenses), pays Federal & state income taxes on the stipend/income. She gets a W-2 from the university & the money paid to her is reported...