Search found 36340 matches

by retiredjg
Tue Jun 25, 2019 9:41 am
Forum: Personal Investments
Topic: Retired: Don't want to outlive my funds
Replies: 27
Views: 1421

Re: Retired: Don't want to outlive my funds

Can you see the quandary I'm in? I don't see it. You already have to take about $40k a year from that 401k in RMDs and that amount may or may not increase over time. Even after paying taxes, that is way more than the $8k extra a year you currently need to pay all your expenses. Even if the $8k need...
by retiredjg
Tue Jun 25, 2019 8:59 am
Forum: Personal Investments
Topic: Tangled Portfolio Review – Looking to Streamline
Replies: 18
Views: 737

Re: Tangled Portfolio Review – Looking to Streamline

Thank you for presenting your portfolio so that each holding is a percentage of the entire portfolio. This is something that can be understood. And quite likely you understand it better as well. You have built your portfolio using dozens of tiny little slices of lots of things. In fact, almost your ...
by retiredjg
Tue Jun 25, 2019 8:37 am
Forum: Personal Investments
Topic: Portfolio Review
Replies: 10
Views: 702

Re: Portfolio Review

Thank you for fixing the percentages. This is something we can understand. As you can see, you have a lot of tiny slices of this and that. A slice of anything less than about 5% is just a waste of your time and energy. I'd get rid of as many of the tiny slices as possible, even if you have to pay so...
by retiredjg
Tue Jun 25, 2019 8:14 am
Forum: Personal Investments
Topic: After Tax 401(k) Rollover
Replies: 12
Views: 767

Re: After Tax 401(k) Rollover

My plan states: "Any earnings on contributions are taxable at distribution, unless you roll over the money. You can roll over traditional after-tax money to a traditional IRA without incurring taxes. You are also eligible to roll over your traditional after-tax money and the associated earnings dir...
by retiredjg
Tue Jun 25, 2019 7:59 am
Forum: Personal Investments
Topic: Can you help me clean up my Roth IRA mess?
Replies: 22
Views: 1711

Re: Can you help me clean up my Roth IRA mess?

Here's a scoreboard Ally Invest $1 ($1 contribution) (Contribution Year: 2017) ....written off Charles Schwab $3.68 ($3 contribution) (Contribution Year: 2017) ....written off Wells Fargo $39.75 ($39 contribution) (Contribution Year: 2018) ....account closed Parnassus $618.25 ($589.99 contribution) ...
by retiredjg
Tue Jun 25, 2019 7:42 am
Forum: Personal Investments
Topic: Can I fund all 4 tax advantage accounts?
Replies: 10
Views: 1194

Re: Can I fund all 4 tax advantage accounts?

I'm all for using tax-deferral, but having a pension and SS means that you don't want too much in tax-deferred accounts. The pension argues for using more Roth than a person without a pension would use. What is an ideal goal for my retirement accounts? Should I have 60% in Roth and 40% in tradition...
by retiredjg
Tue Jun 25, 2019 7:36 am
Forum: Personal Investments
Topic: Can I fund all 4 tax advantage accounts?
Replies: 10
Views: 1194

Re: Can I fund all 4 tax advantage accounts?

The $19k of annual "elective deferrals" will include all your employ ee contributions to the individual 401k and all your traditional and Roth contributions to the TSP. You can still make employ er contributions to the individual 401k. The Roth IRA is completely separate. Thank you for the explanat...
by retiredjg
Tue Jun 25, 2019 7:32 am
Forum: Personal Investments
Topic: Portfolio Help
Replies: 14
Views: 912

Re: Portfolio Help

I'm debating on switching it to roth to have tax free growth, and would it be smart to use this as my retirement vehicle instead of my regular roth? You want to have both "tax deferred" (like the 401k) and Roth accounts. You have that right now. You also have a "taxable" account which is your broke...
by retiredjg
Tue Jun 25, 2019 7:27 am
Forum: Personal Investments
Topic: Portfolio Help
Replies: 14
Views: 912

Re: Portfolio Help

jmaga1 wrote:
Tue Jun 25, 2019 12:14 am
Thanks, it would make sense to have 19K tied into this account?
Tied into which account?
by retiredjg
Mon Jun 24, 2019 7:14 pm
Forum: Personal Investments
Topic: Can you help me clean up my Roth IRA mess?
Replies: 22
Views: 1711

Re: Can you help me clean up my Roth IRA mess?

Evening update: Wells Fargo will close the account and use the $39.75 as the termination fee. No distribution. This was the best option, which I negotiated instead of having to add money to get the account up to $95 (their usual cancellation fee). Thanks to this group for teaching me the right voca...
by retiredjg
Mon Jun 24, 2019 5:36 pm
Forum: Personal Investments
Topic: Portfolio Review
Replies: 10
Views: 702

Re: Portfolio Review

kadisake wrote:
Mon Jun 24, 2019 5:03 pm
Just redo the percentage in the original post. Thanks for replying, retiredjg and ruralavalon.
Yes. Your entire portfolio should add up to 100%.
by retiredjg
Mon Jun 24, 2019 3:34 pm
Forum: Personal Investments
Topic: Tangled Portfolio Review – Looking to Streamline
Replies: 18
Views: 737

Re: Tangled Portfolio Review – Looking to Streamline

i don't believe i qualify for the backdoor roth. You definitely should not use the back door to contribute to Roth IRA because of your SIMPLE and traditional IRAs. It appears your wife could use it though. interesting. she can even though we file jointly? Yes. An IRA belongs to an individual. When ...
by retiredjg
Mon Jun 24, 2019 3:31 pm
Forum: Personal Investments
Topic: Portfolio Review
Replies: 10
Views: 702

Re: Portfolio Review

kadisake, it is important for you (and us) to see your portfolio as a whole. This is not possible because you have presented a bunch of accounts instead of a portfolio. So we really have no idea what you have because we don't know how large each account is. Please use the edit button to show each ho...
by retiredjg
Mon Jun 24, 2019 3:12 pm
Forum: Personal Investments
Topic: Tangled Portfolio Review – Looking to Streamline
Replies: 18
Views: 737

Re: Tangled Portfolio Review – Looking to Streamline

maplewang wrote:
Mon Jun 24, 2019 2:56 pm
then put HSA, 529 into target date funds for simplicity.
If you want the HSA to be in a target fund, leave it out of the portfolio total. Or, if you leave it in, we are likely to suggest that you put it all into a single bond fund.
by retiredjg
Mon Jun 24, 2019 3:11 pm
Forum: Personal Investments
Topic: Tangled Portfolio Review – Looking to Streamline
Replies: 18
Views: 737

Re: Tangled Portfolio Review – Looking to Streamline

maplewang wrote:
Mon Jun 24, 2019 2:56 pm
i don't believe i qualify for the backdoor roth.
You definitely should not use the back door to contribute to Roth IRA because of your SIMPLE and traditional IRAs.

It appears your wife could use it though.
by retiredjg
Mon Jun 24, 2019 3:07 pm
Forum: Personal Investments
Topic: Tangled Portfolio Review – Looking to Streamline
Replies: 18
Views: 737

Re: Tangled Portfolio Review – Looking to Streamline

1. What's the best way to approach streamlining here? The first thing you need to do is present each holding as a percentage of your entire portfolio. Include the HSA in the portfolio unless you are actually using it for medical bills. Do not include the 529 accounts as part of the portfolio, but d...
by retiredjg
Mon Jun 24, 2019 2:11 pm
Forum: Personal Investments
Topic: Reverse Rollover IRA to 401K Question
Replies: 7
Views: 276

Re: Reverse Rollover IRA to 401K Question

I want to try to do a reverse rollover at some point in the near future. After that is done, and say, 2 or 3 years pass by and I leave the company, is it possible to roll that money back into an IRA? Thanks. The law allows the plan to give you back what you rolled in even while you are working ther...
by retiredjg
Mon Jun 24, 2019 1:38 pm
Forum: Investing - Theory, News & General
Topic: Dollar General
Replies: 25
Views: 1942

Re: Dollar General

While I don't hold single stocks and haven't held them for more than 10 years, I'm interested in Dollar General stock. Your thoughts on Dollar General stock? I have observed the same thing you have. The stores are popping up all over the place and seem to be doing good business. But...a good busine...
by retiredjg
Mon Jun 24, 2019 1:22 pm
Forum: Investing - Theory, News & General
Topic: When the Conventional Wisdom about Taxes in Retirement is Wrong
Replies: 23
Views: 2602

Re: When the Conventional Wisdom about Taxes in Retirement is Wrong

In retirement, your income may stretch from the 0% bracket on up to the 24% (or whatever). But the conversion itself will only be taxed in the highest bracket or the highest two brackets if the conversion covers enough ground. I don’t get this part. Why wouldn’t the conversion (which counts as regu...
by retiredjg
Mon Jun 24, 2019 1:16 pm
Forum: Personal Investments
Topic: After Tax 401(k) Rollover
Replies: 12
Views: 767

Re: After Tax 401(k) Rollover

So I guess my confusion was that converting to a Roth IRA was considered a rollover, which it's not. A rollover IS a non-taxable event, but conversion to a Roth IRA is a distribution. I think it may technically be a rollover or a rollover/conversion, just not the type of rollover they were talking ...
by retiredjg
Mon Jun 24, 2019 1:01 pm
Forum: Personal Investments
Topic: Can I fund all 4 tax advantage accounts?
Replies: 10
Views: 1194

Re: Can I fund all 4 tax advantage accounts?

I'm all for using tax-deferral, but having a pension and SS means that you don't want too much in tax-deferred accounts. The pension argues for using more Roth than a person without a pension would use.
by retiredjg
Mon Jun 24, 2019 12:57 pm
Forum: Personal Investments
Topic: Roth IRA all the way?
Replies: 26
Views: 2462

Re: Roth IRA all the way?

Is it my understanding when you say the target for a "50/50 tIRA and Roth" - does this mean the money in both accounts are close to being equivalent? It depends on who is saying it and what they mean. When I say it, I usually mean to start making your new contributions half traditional and half Rot...
by retiredjg
Mon Jun 24, 2019 12:48 pm
Forum: Investing - Theory, News & General
Topic: When the Conventional Wisdom about Taxes in Retirement is Wrong
Replies: 23
Views: 2602

Re: When the Conventional Wisdom about Taxes in Retirement is Wrong

If you wait until retirement, then your conversion will be filling all the income brackets. Some will be taxed at 10%, some at 12%, some at 22%, some at 24%. Your effective tax is lower if you're not working. This is not my understanding of how it works. In retirement, your income may stretch from ...
by retiredjg
Mon Jun 24, 2019 9:30 am
Forum: Personal Investments
Topic: Can you help me clean up my Roth IRA mess?
Replies: 22
Views: 1711

Re: Can you help me clean up my Roth IRA mess?

2) Called e-trade and they were very helpful with processing my traditional IRA withdrawal of $11.10. It's actually already been withdrawn to a check and I selected 10% withholding, so my check will be 10% less $11.10. The account will be closed for free. When you get the check, see what the withho...
by retiredjg
Mon Jun 24, 2019 8:53 am
Forum: Personal Investments
Topic: Can I fund all 4 tax advantage accounts?
Replies: 10
Views: 1194

Re: Can I fund all 4 tax advantage accounts?

The $19k of annual "elective deferrals" will include all your employee contributions to the individual 401k and all your traditional and Roth contributions to the TSP.

You can still make employer contributions to the individual 401k.

The Roth IRA is completely separate.
by retiredjg
Mon Jun 24, 2019 8:40 am
Forum: Investing - Theory, News & General
Topic: 72(t) SEPP: What did you do at 59 1/2?
Replies: 5
Views: 538

Re: 72(t) SEPP: What did you do at 59 1/2?

It might be interesting to know what people who started a SEPP did when they reached 59 1/2 and could begin to take unlimited distributions. My understanding is that taking unlimited distributions would bust the SEPP if one has not yet reached the 5 year requirement. This is something I've been cur...
by retiredjg
Mon Jun 24, 2019 8:28 am
Forum: Personal Investments
Topic: Portfolio Help
Replies: 14
Views: 912

Re: Portfolio Help

I'm currently debating on opening a M1 finance account to ease the rebalancing process. What do you think M1 is going to provide that you can't do yourself? Your portfolio does not need a great deal of change. There are a few things that can be improved, but they would not be difficult to do. Seeki...
by retiredjg
Mon Jun 24, 2019 8:02 am
Forum: Personal Investments
Topic: Account Specific AA and Taking Advantage of Low Tax Bracket
Replies: 12
Views: 747

Re: Account Specific AA and Taking Advantage of Low Tax Bracket

I don't want to convert the 457b to a Roth because then I can not withdraw penalty free prior to 59.5 if I need to right?? No, that is not right. Whatever is converted to Roth would be available penalty free after the 5 year conversion clock runs. However, the earnings that occur inside the Roth IR...
by retiredjg
Sun Jun 23, 2019 7:27 pm
Forum: Personal Investments
Topic: [ETF vs. Mutual Fund questions]
Replies: 33
Views: 1345

Re: which is better schwab or fedelity ???

They both get good reviews. Schwab seems to be a very good provider in the ETF space and an OK provider in the mutual fund space. If you prefer mutual funds, Fidelity is likely to be the better choice.
by retiredjg
Sun Jun 23, 2019 5:46 pm
Forum: Personal Investments
Topic: Passive investment help before I meet with Fidelity FA this week.
Replies: 4
Views: 431

Re: Passive investment help before I meet with Fidelity FA this week.

PS. Don't be too eager to sign up with any type of assets under management agreement with the financial advisor. People here can help you with your portfolio.
by retiredjg
Sun Jun 23, 2019 5:41 pm
Forum: Personal Investments
Topic: Passive investment help before I meet with Fidelity FA this week.
Replies: 4
Views: 431

Re: Passive investment help before I meet with Fidelity FA this week.

First post, ready to learn and just want to simplify my overall investment with as low fees as possible ! I am new to passive investing and ready to retire at 50 July 4th, 2019. I just sold 30 individual stocks and moved most of my $$ to FIDO becasue it was difficult {edit Moderator Jbranx} to keep...
by retiredjg
Sun Jun 23, 2019 5:05 pm
Forum: Personal Investments
Topic: I don't understand which accounts to place investments in
Replies: 6
Views: 725

Re: I don't understand which accounts to place investments in

I want to do the three fund portfolio, but I don't understand which fund makes the most sense for which type of investment. It depends on things you have not told us, but this is an idea that works for many people. 401k 500 index or other large cap value fund bond fund roth IRA more US stocks if ne...
by retiredjg
Sun Jun 23, 2019 3:04 pm
Forum: Personal Investments
Topic: Suggestion for updating "Asking Portfolio Questions" thread
Replies: 218
Views: 19507

Re: Suggestion for updating "Asking Portfolio Questions" thread

In the key points example, a nod to gender neutrality can be made by changing "His 401(k)" to simply "My 401(k)", but I wouldn't be upset if it wasn't changed, though it is so so easy to change it. :) Unfortunately, someone will think it implies that the format is intended to be presented from the ...
by retiredjg
Sun Jun 23, 2019 2:44 pm
Forum: Personal Investments
Topic: Portfolio review and general early retirement advice
Replies: 11
Views: 1323

Re: Portfolio review and general early retirement advice

Taxable 8% Total Stock Market (VTSAX) (0.04%) 3% Total International (VTIAX) (0.11%) 3% Total Bond Market (VBTLX) (0.05%) I would not hold the bonds in taxable. You say you want an AA of 80/20, but almost all of the funds you have chosen are 90/10 or thereabouts. Which do you want? If you really wa...
by retiredjg
Sun Jun 23, 2019 2:05 pm
Forum: Personal Investments
Topic: Traditional IRA
Replies: 4
Views: 386

Re: Traditional IRA

There might be a waiting period though. You cannot roll a SIMPLE IRA to anything but a SIMPLE IRA in the first 2 years after it is opened. The rules do not say there is an exception if you are no longer at that employer. I think I've read here (not sure) you have to wait the 2 years even if you have...
by retiredjg
Sun Jun 23, 2019 1:51 pm
Forum: Investing - Theory, News & General
Topic: depleting accounts in retirement
Replies: 43
Views: 7720

Re: How to deplete funds in retirement

I question the wisdom of letting your IRA sit while only taking money from taxable. Yes, that is the best choice for some situations. But it is not a blanket recommendation. Have you actually looked at this already?
by retiredjg
Sun Jun 23, 2019 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: Helping Daughter: Vanguard, Fidelity, or Something Else
Replies: 20
Views: 1402

Re: Helping Daughter: Vanguard, Fidelity, or Something Else

I don't like one stop shopping. I prefer having a separation because the one stop shop may simply appropriate your checking account when you least expect it. Rare, but is reported to have happened. Credit unions are always a better choice than banks in my opinion. Fees are usually lower and they don...
by retiredjg
Sun Jun 23, 2019 1:19 pm
Forum: Personal Investments
Topic: Account Specific AA and Taking Advantage of Low Tax Bracket
Replies: 12
Views: 747

Re: Account Specific AA and Taking Advantage of Low Tax Bracket

I expect to be in a lower income tax bracket for the next few years, with an estimated $16k of 12% federal income tax space. I think you are going about this backwards. Don't put your 457b money into taxable. Convert up to $16k of the old 457b money to Roth IRA during your low income years. Roth IR...
by retiredjg
Sun Jun 23, 2019 1:04 pm
Forum: Personal Investments
Topic: Which Bond Fund to Choose in 401k?
Replies: 7
Views: 633

Re: Which Bond Fund to Choose in 401k?

I'd go half and half and use a minimum of 5% to 10% of each of these.
  • Loomis Sayles Core Plus Bond - expense ratio .38
    SSgA Short Term US Govt/Credit Bond - expense ratio .11
A 5% bond allocation is not of much value in my opinion.
by retiredjg
Sun Jun 23, 2019 12:30 pm
Forum: Personal Investments
Topic: Can you help me clean up my Roth IRA mess?
Replies: 22
Views: 1711

Re: Can you help me clean up my Roth IRA mess?

The one 60 day rollover you can do cancels out that distribution. I don't understand what you mean by this. Perhaps?? Alan means for the purpose of net contribution basis in the Roth, you have a withdrawal documented on the 1099R which would appear to decrease the basis. However the rollover restor...
by retiredjg
Sun Jun 23, 2019 11:52 am
Forum: Personal Investments
Topic: Switch 403(b) to an IRA or Stay?
Replies: 17
Views: 756

Re: Switch 403(b) to an IRA or Stay?

The OP has Fidelity as one of the choices for his 403b, which is not at all a bad choice, in fact an excellent choice. The OP also has TIAA, as willthrill81 said, a very good decent choice. There is also Lincoln Investments, which offers (at least in NJ) quite a few Vanguard funds, but charges $80 ...
by retiredjg
Sun Jun 23, 2019 11:45 am
Forum: Personal Investments
Topic: Can you help me clean up my Roth IRA mess?
Replies: 22
Views: 1711

Re: Can you help me clean up my Roth IRA mess?

You would show this amount on line 22 of Form 8606, and until your total distributions exceed the total amount of your contributions the distributions are tax and penalty free. Ah, yes. Thanks. I was treating them individually which is incorrect. So no tax or penalty due on the .68 + .75 cents. The...
by retiredjg
Sun Jun 23, 2019 10:48 am
Forum: Personal Investments
Topic: Can you help me clean up my Roth IRA mess?
Replies: 22
Views: 1711

Re: Can you help me clean up my Roth IRA mess?

Peter, don't get too excited because some of the information I gave above is probably not correct. I'm sorry. I had forgotten about the "one per year" rule. :oops: Some quick research has not clarified things for me. According to the "one per year" rule, you can only do 1 60 day rollover per year. T...
by retiredjg
Sun Jun 23, 2019 8:57 am
Forum: Personal Investments
Topic: Can you help me clean up my Roth IRA mess?
Replies: 22
Views: 1711

Re: Can you help me clean up my Roth IRA mess?

If there is some problem with closing the small accounts, such as a $50 closing fee, just abandon the money.
by retiredjg
Sun Jun 23, 2019 8:56 am
Forum: Personal Investments
Topic: Can you help me clean up my Roth IRA mess?
Replies: 22
Views: 1711

Re: Can you help me clean up my Roth IRA mess?

Edited to add....not sure all this information is correct. See later posting. Ally Invest $1 ($1 contribution) (Contribution Year: 2017) Charles Schwab $3.68 ($3 contribution) (Contribution Year: 2017) Wells Fargo $39.75 ($39 contribution) (Contribution Year: 2018) These apparently are too small fo...
by retiredjg
Sun Jun 23, 2019 8:25 am
Forum: Personal Investments
Topic: Switch 403(b) to an IRA or Stay?
Replies: 17
Views: 756

Re: Switch 403(b) to an IRA or Stay?

Since you are still working at that job, you cannot transfer your 403b to an IRA. Your current vendor 403b choices are bad due to the high costs. You need to find something better. There are two options. 1) See if your district is eligible to use a state 457b plan. This happens a lot although you ma...
by retiredjg
Sun Jun 23, 2019 8:03 am
Forum: Personal Investments
Topic: Emergency Fund AA
Replies: 18
Views: 1276

Re: Emergency Fund AA

It is more complex than necessary, but I think it is fine. Do what works for you.
by retiredjg
Sun Jun 23, 2019 7:29 am
Forum: Personal Investments
Topic: Getting caught up in minutia of investing-How to make things simple
Replies: 45
Views: 3294

Re: Getting caught up in minutia of investing-How to make things simple

I've made a couple changes due to the forum, but all positive. Getting into lower fee investments in my 401k, making my Roth 100% VTSAX, and bringing a bit of bonds into my 401k. So in a sense I've rebalanced and I won't touch those items for 5-10 years. I think I just need to wipe away my debt and...
by retiredjg
Sun Jun 23, 2019 7:16 am
Forum: Personal Investments
Topic: How to maximize 3 Fund Portfolio w/ TSP & i401k ?
Replies: 37
Views: 2086

Re: How to maximize 3 Fund Portfolio w/ TSP & i401k ?

There are some big changes coming to the TSP in mid-September. I am unclear whether that will change anything about RMDs on Roth TSP. Either way, this is a simple problem to fix if you know to fix it. When will they announce the changes ? How impactful will they be to a new employee? The changes ha...