Search found 41488 matches

by retiredjg
Mon Sep 21, 2020 7:03 am
Forum: Personal Investments
Topic: Maximum age to open traditional IRA?
Replies: 15
Views: 1081

Re: Maximum age to open traditional IRA?

If one doesn't have an IRA yet, can one open one with just a very small rollover from a 401k/403b into a new IRA, and then, assuming one is still working, make regular contributions each year while working? One can mix rollover money and new money in the same IRA, but one might lose some protection...
by retiredjg
Mon Sep 21, 2020 6:30 am
Forum: Personal Investments
Topic: Looking for some balance in the portfolio
Replies: 11
Views: 3116

Re: Looking for some balance in the portfolio

Welcome back. :happy I think you may get more feedback on your current question if you start a new thread. Your current question is about real estate investing rather than your portfolio. Also, some people will not notice your thread is 10 years old and you'll probably get some suggestions about you...
by retiredjg
Sun Sep 20, 2020 3:40 pm
Forum: Investing - Theory, News & General
Topic: Best 401k provider offering mega backdoor Roth
Replies: 9
Views: 515

Re: Best 401k provider offering mega backdoor Roth

What it takes is for your employer to add those options to the plan. At the very least, you need to ask. Don't expect anything overnight - employers tend to upgrade their plans every 5 years or so, not every year. And if you are not already in a plan at a provider that tends to offer these things, i...
by retiredjg
Sun Sep 20, 2020 3:34 pm
Forum: Personal Investments
Topic: 403(b) Fidelity to Vanguard
Replies: 22
Views: 806

Re: 403(b) Fidelity to Vanguard

Roth 401k (or Roth IRA) could be a good idea depending on a whole lot of things. If you are in a low tax bracket in a career that tends to end in a high tax bracket, Roth now may be better. If you have a pension coming, Roth might be better. If you already have a large tax-deferred account saved, Ro...
by retiredjg
Sun Sep 20, 2020 2:42 pm
Forum: Personal Investments
Topic: Maximum age to open traditional IRA?
Replies: 15
Views: 1081

Re: Maximum age to open traditional IRA?

I am NOT a SECURE Act guru, but this was pre-COVID. As far as I know, this is permanent. As far as I know, there was no change for income limits (although there usually is a change each new year outside of this act). Once you hit the RMD age, you have to take an RMD and may also contribute to IRA. ...
by retiredjg
Sun Sep 20, 2020 2:38 pm
Forum: Personal Investments
Topic: 403(b) Fidelity to Vanguard
Replies: 22
Views: 806

Re: 403(b) Fidelity to Vanguard

Thanks for the response! Yes, my desired allocation is 90% stocks and 10% bonds, but right now I'm at 20% bonds. It sounds like you (like many) may have misunderstood something about where to place your stocks and bonds. Stocks can go in ANY kind of account. Bonds are often best in tax-deferred. Yo...
by retiredjg
Sun Sep 20, 2020 2:34 pm
Forum: Personal Investments
Topic: 403(b) Fidelity to Vanguard
Replies: 22
Views: 806

Re: 403(b) Fidelity to Vanguard

Yes, the 403(b) is from an old employer. I'm currently contributing to max out a Roth IRA each year and putting the rest of the savings towards a 3 month emergency savings account before I start to contribute to my current employers 403(b). Unfortunately, the current employer does not offer any mat...
by retiredjg
Sun Sep 20, 2020 2:31 pm
Forum: Personal Investments
Topic: Financial Check Request
Replies: 4
Views: 517

Re: Financial Check Request

No problem saving in taxable for such things. Some things have to come before retirement savings. You are doing a good job. Keep it up.
by retiredjg
Sun Sep 20, 2020 11:42 am
Forum: Personal Investments
Topic: Financial Check Request
Replies: 4
Views: 517

Re: Financial Check Request

Desired Asset allocation:[/b] xx% stocks / xx% bonds Desired International allocation: xx% of stocks I do not have a desired allocation. "Asset allocation" means stock to bond ratio. Are you happy with what you have now? It appears to be about 90% stock and 10% bonds. No taxable account. I hope to ...
by retiredjg
Sun Sep 20, 2020 10:46 am
Forum: Personal Investments
Topic: 403(b) Fidelity to Vanguard
Replies: 22
Views: 806

Re: 403(b) Fidelity to Vanguard

A check sent to you but made out to your IRA at Vanguard is the customary procedure.

The notary is an unusual twist and a Medallion signature would be very unusual (for a 403b) from what I've read here over the years. I wonder if there could be some misunderstanding about that.
by retiredjg
Sun Sep 20, 2020 10:36 am
Forum: Personal Investments
Topic: Roth IRA withdrawal question for parent nearing retirement
Replies: 18
Views: 1139

Re: Roth IRA withdrawal question for parent nearing retirement

There is no need to wait 5 years before withdrawing money from the Roth IRA. Her contributions would be available any time. It is only the earnings that occur inside the Roth IRA that would need to wait 5 tax years in order to be taken out tax free.
by retiredjg
Sun Sep 20, 2020 10:31 am
Forum: Personal Investments
Topic: Portfolio Adjustments for Retirement : More Defense?
Replies: 21
Views: 1262

Re: Portfolio Adjustments for Retirement : More Defense?

Regarding selling International, I could rebalance by buying back some a month later by selling some Total Stock (but then more capital gains) or from cash. Your cash is already part of your allocation - it is part of the bond side. If you use that cash to buy international, you'd then be selling o...
by retiredjg
Sun Sep 20, 2020 8:55 am
Forum: Personal Investments
Topic: Portfolio Adjustments for Retirement : More Defense?
Replies: 21
Views: 1262

Re: Portfolio Adjustments for Retirement : More Defense?

1. To make AA more defensive but still tenable, does it make sense to reduce stocks in AA from current 48% to 35%? It makes sense if that is what you want. If you are comfortable where you are, your current AA is also reasonable. If so, is best way to sell Total international in taxable ? (would ne...
by retiredjg
Sat Sep 19, 2020 5:45 pm
Forum: Personal Investments
Topic: Muni Bond Funds for Taxable Account
Replies: 19
Views: 1574

Re: Muni Bond Funds for Taxable Account

qjoe, every fund in your portfolio does not have to be just perfect. Sometimes you just need to use something that is not optimal. And frequently, we find that people's choices are not nearly as bad as they thought.

If you want help with that, you should start a thread about your bond choices.
by retiredjg
Sat Sep 19, 2020 5:07 pm
Forum: Personal Investments
Topic: Muni Bond Funds for Taxable Account
Replies: 19
Views: 1574

Re: Muni Bond Funds for Taxable Account

I'd suggest that you hold most or all your bonds in the tax-deferred accounts. There is a place for tax-exempt bond funds, but they are not just an automatic exchange/plug-in for funds composed of taxable bonds. They (the munis) are somewhat less diversified and tend to be riskier. They are appropri...
by retiredjg
Sat Sep 19, 2020 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: Reason not to rent out your old house?
Replies: 47
Views: 3282

Re: Reason not to rent out your old house?

If you buy a new house and you can rent out your old house for more than your monthly mortgage payment (+taxes/insurance), is there a reason WHY you shouldn't do that? Don't you get to have your mortgage paid for, have a small income stream, and hold onto the property and capture rising home equity...
by retiredjg
Sat Sep 19, 2020 2:05 pm
Forum: Personal Investments
Topic: Maximum age to open traditional IRA?
Replies: 15
Views: 1081

Re: Maximum age to open traditional IRA?

I am NOT a SECURE Act guru, but this was pre-COVID.

As far as I know, this is permanent. As far as I know, there was no change for income limits (although there usually is a change each new year outside of this act).
by retiredjg
Sat Sep 19, 2020 1:48 pm
Forum: Personal Investments
Topic: Maximum age to open traditional IRA?
Replies: 15
Views: 1081

Re: Maximum age to open traditional IRA?

The SECURE Act - enacted 1/1/2020 - eliminated the age limit for contributing to traditional IRA. Earned income by you or spouse is required.
by retiredjg
Sat Sep 19, 2020 11:06 am
Forum: Personal Investments
Topic: Vanguard ROTH IRA - Is it possible to buy individual stocks (e.g. Canadian w/ dividends)?
Replies: 2
Views: 163

Re: Vanguard ROTH IRA - Is it possible to buy individual stocks (e.g. Canadian w/ dividends)?

Sounds like your Roth IRA is on the old mutual fund platform. To buy individual stocks in that account, you would have to "upgrade" it to the brokerage platform.
by retiredjg
Sat Sep 19, 2020 10:49 am
Forum: Personal Investments
Topic: Rebalancing to 50/50
Replies: 49
Views: 3846

Re: Rebalancing to 50/50

It is surprising to me that my pile of accumulation would be viewed by anyone here as being enough. I thought I needed to move back to 50% stocks because I didn't yet have enough to get me to 100 yo if necessary and snorkel with my daughter in the tropics and visit Italy when the pandemic has ended...
by retiredjg
Sat Sep 19, 2020 10:22 am
Forum: Personal Investments
Topic: When to transition out of a working tilt?
Replies: 7
Views: 907

Re: When to transition out of a working tilt?

jco wrote: Fri Sep 18, 2020 5:06 pm That's worked quite well for me, but I have no confidence that this pattern will continue forever.
This says to me the time to change is now.

If you cannot do it all at once, get it done within a year or shorter.
by retiredjg
Sat Sep 19, 2020 10:17 am
Forum: Personal Investments
Topic: Portfolio shift
Replies: 9
Views: 537

Re: Portfolio shift

Do I pay taxes if I liquidate the funds into an account's settlement fund then reinvest that money into new investments? I won't be moving any money outside the account. If you sell at a gain in your brokerage account, yes...there will be taxes unless you are in a very low tax bracket. If you sell/...
by retiredjg
Sat Sep 19, 2020 10:15 am
Forum: Personal Investments
Topic: Portfolio shift
Replies: 9
Views: 537

Re: Portfolio shift

People are asking which funds are in which accounts? Specifically, which funds are in the taxable account? All the other funds can be exchanged with no taxable event.

Also, what is your federal tax bracket? State tax bracket?
by retiredjg
Sat Sep 19, 2020 9:32 am
Forum: Personal Investments
Topic: Newbie needing some help with a rebalance
Replies: 2
Views: 249

Re: Newbie needing some help with a rebalance

I have a very specific tax deferred account that holds a little over $200k in. This account is setup to where I cannot move it out for a year. I starting contributing to this account in 2015 and at that time was asked to select a "investment model' to guide my allocation. I have not regularly check...
by retiredjg
Sat Sep 19, 2020 8:22 am
Forum: Personal Investments
Topic: Rebalancing to 50/50
Replies: 49
Views: 3846

Re: Rebalancing to 50/50

It is clear from your comments that you should NOT go back to 50% stock. You will not be comfortable. What is the point in having money if it makes you uncomfortable? You may have been very risk tolerant in the past, but you are not now. That's normal. It seems that 30% to 35% would be much more app...
by retiredjg
Fri Sep 18, 2020 4:00 pm
Forum: Personal Consumer Issues
Topic: Ring for a new girlfriend
Replies: 83
Views: 5720

Re: Ring for a new girlfriend

I started to date a new girlfriend (mid 30s) in the beginning of the year. Looking to buy her a nice looking ring (it's not for engagement/wedding) but I have 0 clue what brands are popular now. Do people shop online for such stuff nowadays? Budget wise $1000-1500 I guess :annoyed If she is a ring ...
by retiredjg
Fri Sep 18, 2020 3:45 pm
Forum: Personal Investments
Topic: Guidance for breaking the news to our financial advisor
Replies: 36
Views: 2650

Re: Guidance for breaking the news to our financial advisor

An annual review with his staff takes preparation and time from both him and his staff. If you are firm in your decision, phone him or send him an email now so that he does not waste his/their time on you. Express appreciation for his past service. Say just what you said in your post so he's know yo...
by retiredjg
Fri Sep 18, 2020 3:28 pm
Forum: Personal Investments
Topic: Roth IRA withdrawal question for parent nearing retirement
Replies: 18
Views: 1139

Re: Roth IRA withdrawal question for parent nearing retirement

I think after reading more, not really sure what's the best move for her, Roth or Traditional IRA. If she is in a very low tax bracket, there is a good chance that Roth IRA would be the better choice. Adding money to traditional IRA may not be a mistake though. If you want to get good suggestions o...
by retiredjg
Fri Sep 18, 2020 11:34 am
Forum: Personal Investments
Topic: Fidelity Rebalancing Question
Replies: 3
Views: 373

Re: Fidelity Rebalancing Question

You may not get much help if people have to look up all those tickers to know what you are talking about. Consider using the edit button (little pencil) to add the fund names.
by retiredjg
Fri Sep 18, 2020 11:30 am
Forum: Personal Investments
Topic: Are employer contributions/matches to Solo Roth 401(k) deductible?
Replies: 12
Views: 465

Re: Are employer contributions/matches to Solo Roth 401(k) deductible?

Employer contributions must go to the tax-deferred account. You cannot send them to Roth 401k.
by retiredjg
Fri Sep 18, 2020 8:21 am
Forum: Personal Finance (Not Investing)
Topic: Should I help my mother pay off debt?
Replies: 31
Views: 2064

Re: Should I help my mother pay off debt?

Ordinarily, I'm not in favor of helping people out of their own debt. This seems like it might be an exception. But your spouse needs to be on board or this will create conflict in your family.
by retiredjg
Fri Sep 18, 2020 8:12 am
Forum: Personal Investments
Topic: Thoughts about Leveraged ETF's
Replies: 19
Views: 1009

Re: Thoughts about Leveraged ETF's

Hello all, I wouldnlilento know what were your thoughts on leveraged ETF's (pros and cons) such as UPRO. I am a relatively young investor. Therefore I am looking to place a little money in high risk/ high reward investments. Also if you know any Index funds that fall in this category. Please share....
by retiredjg
Fri Sep 18, 2020 7:55 am
Forum: Personal Investments
Topic: First Backdoor Roth IRA this year?
Replies: 4
Views: 350

Re: First Backdoor Roth IRA this year?

Agree there is no reason to wait - you can use the backdoor even if you are not over the limit. This will also keep both the contribution and the conversion step in the same year, making paperwork easier.
by retiredjg
Fri Sep 18, 2020 7:53 am
Forum: Personal Investments
Topic: First Backdoor Roth IRA this year?
Replies: 4
Views: 350

Re: First Backdoor Roth IRA this year?

Get familiar now with both the paperwork and how to enter the backdoor in your tax software. This is where most people have problems. Do not depend on a tax-preparer to know what to do because many do not. https://thefinancebuff.com/the-backdoor-roth-ira-a-complete-how-to.html is a good start. Follo...
by retiredjg
Fri Sep 18, 2020 7:48 am
Forum: Personal Finance (Not Investing)
Topic: Large Commission for Tax Consideration
Replies: 5
Views: 359

Re: Large Commission for Tax Consideration

Ask your employer to withhold more.
by retiredjg
Fri Sep 18, 2020 7:47 am
Forum: Personal Finance (Not Investing)
Topic: Don’t understand when to pay taxes new retiree
Replies: 42
Views: 3226

Re: Don’t understand when to pay taxes new retiree

MrJedi wrote: Thu Sep 17, 2020 9:08 am Note that the IRS quarters aren't the same as the usual calendar quarters most people use. (Q2 is 2 months, Q4 is 4 months).
:shock: :shock: :shock:

I learn something here every day.
by retiredjg
Fri Sep 18, 2020 6:27 am
Forum: Investing - Theory, News & General
Topic: Asset Allocation Across Accounts- Age and Taxable vs Non-Taxable
Replies: 20
Views: 992

Re: Asset Allocation Across Accounts- Age and Taxable vs Non-Taxable

FIby45 wrote: Thu Sep 17, 2020 9:13 pm I have an inherited ira that requires rmd at this time. Is that were I should place my bonds first?
An inherited IRA is a fine place for bonds, particularly if you want your RMDs to be lower.
by retiredjg
Thu Sep 17, 2020 6:48 pm
Forum: Investing - Theory, News & General
Topic: Asset Allocation Across Accounts- Age and Taxable vs Non-Taxable
Replies: 20
Views: 992

Re: Asset Allocation Across Accounts- Age and Taxable vs Non-Taxable

So what is the point of muni bonds for high income earner then? Basically you would buy them if your tax advantaged accounts do not have space to hold your necessary allocation of bonds? That's one reason. Another reason is that some people just want to have bonds in each account so that no account...
by retiredjg
Thu Sep 17, 2020 6:45 pm
Forum: Investing - Theory, News & General
Topic: Asset Allocation Across Accounts- Age and Taxable vs Non-Taxable
Replies: 20
Views: 992

Re: Asset Allocation Across Accounts- Age and Taxable vs Non-Taxable

FIby45 wrote: Thu Sep 17, 2020 6:11 pm Do I have that correct?
You do. Here is a Wiki page that discusses the concept.

https://www.bogleheads.org/wiki/Placing ... ed_account
by retiredjg
Thu Sep 17, 2020 2:35 pm
Forum: Personal Investments
Topic: Received Inheritance After Retirement
Replies: 10
Views: 1543

Re: Received Inheritance After Retirement

mtheaded1 wrote: Thu Sep 17, 2020 1:32 pm The inheritance will be all cash. All assets are being liquidated prior to distribution to myself and my siblings. Sorry I forgot to mention that!
They could be all cash and still be inside an IRA. This is something you need to know.
by retiredjg
Thu Sep 17, 2020 2:28 pm
Forum: Investing - Theory, News & General
Topic: Asset Allocation Across Accounts- Age and Taxable vs Non-Taxable
Replies: 20
Views: 992

Re: Asset Allocation Across Accounts- Age and Taxable vs Non-Taxable

Retirement accounts- 100% equities. Thought process: I can't touch it for 20+ years. I believe stocks have generally always outperformed over 20+ years. Volatility in this account don't really phase me due to time horizon. Taxable: 37% (all munis/cash) and 63% equities. Thought process: This is "re...
by retiredjg
Thu Sep 17, 2020 10:07 am
Forum: Personal Investments
Topic: Target date fund and International Allocation
Replies: 9
Views: 434

Re: Target date fund and International Allocation

The TSP basically acts as "forced retirement savings" for the young military members to automatically contribute to without seeing it, since the majority of them blow their paychecks every 2 weeks, that's just the reality of it. The TSP is an excellent defined contribution plan. It is almost identi...
by retiredjg
Thu Sep 17, 2020 9:30 am
Forum: Personal Investments
Topic: Target date fund and International Allocation
Replies: 9
Views: 434

Re: Target date fund and International Allocation

...if you have VT available in your retirement plan at work (assuming you have one). If you do have a retirement plan at work and it does not contain VT, it would be better to pick the best funds in your work plan and build the portfolio around that. Using your work plan is almost always more impor...
by retiredjg
Thu Sep 17, 2020 9:02 am
Forum: Personal Investments
Topic: Target date fund and International Allocation
Replies: 9
Views: 434

Re: Target date fund and International Allocation

The ones I have looked at have had a static percentage between US and foreign. I would think doing it the other way would be awkward and costly. You are correct that the real world ratio between US and foreign is a changing number. I'm not sure that is of great importance though. Portfolios are - at...
by retiredjg
Thu Sep 17, 2020 8:46 am
Forum: Investing - Theory, News & General
Topic: what percent of retirement should be invested in tax deferred vs tax free accounts?
Replies: 39
Views: 3134

Re: what percent of retirement should be invested in tax deferred vs tax free accounts?

Can I think of tax defered and tax free accounts (ie Roth) as the same around my retirement age? Not sure what this means. They are not the same, but most people agree that it is good to have some of both when you reach/are in retirement. Should my retirement accoutns be maxed out regardless every ...
by retiredjg
Wed Sep 16, 2020 4:20 pm
Forum: Personal Investments
Topic: Employer plan at Ed Jones
Replies: 70
Views: 6526

Re: Employer plan at Ed Jones

Have no thoughts or comments. Just want to wish you good luck!
by retiredjg
Wed Sep 16, 2020 4:11 pm
Forum: Investing - Theory, News & General
Topic: tax investment zone?
Replies: 5
Views: 343

Re: tax investment zone?

Maybe you can tell us what you think "tax investment zone" means.
by retiredjg
Wed Sep 16, 2020 10:43 am
Forum: Personal Finance (Not Investing)
Topic: Is it possible to get an IRS Transcript for amended return (Solo Form 8606)?
Replies: 11
Views: 544

Re: Is it possible to get an IRS Transcript for amended return (Solo Form 8606)?

You will not need it until you take money from Roth IRA before your Roth IRA is qualified. You may not need it at all. Why would you need an 8606 to take money from a Roth? :oops: Thanks, I meant tIRA. I'll fix it. But the 8606 (Part III) is used to take money from Roth IRA (unless your Roth IRA is...
by retiredjg
Wed Sep 16, 2020 10:36 am
Forum: Investing - Theory, News & General
Topic: Tax Loss harvesting and LT losses carryover - confused
Replies: 19
Views: 862

Re: Tax Loss harvesting and LT losses carryover - confused

I don't disagree with what you said, but I think you missed the point. My point was that the gains would be used this year, not next year as pasadena appeared to think.