Search found 32308 matches

by retiredjg
Wed May 23, 2018 5:29 pm
Forum: Investing - Help with Personal Investments
Topic: Should I invest in expensive 457 plan?
Replies: 6
Views: 267

Re: Should I invest in expensive 457 plan?

If you have a pension coming and if you are already filling a 403b, I WOULD NOT fill an expensive 457b unless you are very very far behind in your retirement savings. If you have been saving something for retirement all along, the expensive 457 is probably unneeded. If you have almost zilch saved fo...
by retiredjg
Wed May 23, 2018 5:20 pm
Forum: Investing - Help with Personal Investments
Topic: 401k funds please help me chose.
Replies: 17
Views: 1073

Re: 401k funds please help me chose.

It's odd and I have no idea what the issue is. The message is the same.

Not everyone can see it. If you want comments from people who can't see it, type out those funds.

If you get an answer you are satisfied with, don't type out those funds.:happy
by retiredjg
Wed May 23, 2018 1:58 pm
Forum: Investing - Help with Personal Investments
Topic: 401k funds please help me chose.
Replies: 17
Views: 1073

Re: 401k funds please help me chose.

There is no image for me. If you don't get the answer you are looking for, just type out the 3 or 4 funds you are considering.

I don't see any reason to hold money for retirement in money market for more than a day or so.
by retiredjg
Wed May 23, 2018 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: Can I max out TSP and do a traditional IRA?
Replies: 8
Views: 563

Re: Can I max out TSP and do a traditional IRA?

Ah, I see now. The amount of the credit is 50%, 20% or 10% of your retirement plan or IRA contributions up to $2,000 ($4,000 if married filing jointly), depending on your adjusted gross income (reported on your Form 1040 or 1040A). Use the chart below to calculate your credit. I thought it meant the...
by retiredjg
Wed May 23, 2018 1:41 pm
Forum: Investing - Help with Personal Investments
Topic: Should I rollover VTSAX into 401k to do backdoor Roth? [Vanguard Total Stock]
Replies: 7
Views: 352

Re: Should I rollover VTSAX into 401k to do backdoor Roth? [Vanguard Total Stock]

Those are excellent choices. Large Cap Equity Index combined with Small/Mid cap index (80/20) should be the same thing as your Total Stock Index. I would have no problem rolling $700k into those choices if the plan has otherwise been easy or satisfactory for you to use. Not sure why you think the fe...
by retiredjg
Wed May 23, 2018 7:18 am
Forum: Personal Finance (Not Investing)
Topic: Can I max out TSP and do a traditional IRA?
Replies: 8
Views: 563

Re: Can I max out TSP and do a traditional IRA?

I agree with rkhusky that you could deduct two traditional IRAs, but it does not do you any good. That only gets you down to $42.5k which is still in the 10% tier. I don't see a way to get your AGI down into the 20% tier. I get a different number from $400 though. I get $2,900. I'd use Roth IRA for ...
by retiredjg
Wed May 23, 2018 4:58 am
Forum: Investing - Help with Personal Investments
Topic: 401k funds please help me chose.
Replies: 17
Views: 1073

Re: 401k funds please help me chose.

SO I finally rolled in into Fidelity 401k and I have more questions Apparently, my company has Brokerage Link account, in addition, to funds on the list. Question 1. Does it make sense to use it? All funds transfer between 401K and Brokerage Link account has to be done throw SPAXX. Your list of fun...
by retiredjg
Tue May 22, 2018 6:29 pm
Forum: Investing - Help with Personal Investments
Topic: Should I rollover VTSAX into 401k to do backdoor Roth? [Vanguard Total Stock]
Replies: 7
Views: 352

Re: Should I rollover VTSAX into 401k to do backdoor Roth? [Vanguard Total Stock]

In the longrun, is this worth it? As mentioned above, the only way to know is for you to list what is available in your 401k. You don't have to list everything. How about the 10 lowest cost (lowest ER) items on the list? Or the 3 lowest cost in each asset class. Getting money into Roth is nice, but...
by retiredjg
Tue May 22, 2018 4:32 pm
Forum: Investing - Theory, News & General
Topic: If RMD are large should you still defer into 401k
Replies: 32
Views: 2907

Re: If RMD are large should you still defer into 401k

max 401k pre-ax to your next tax bracket if it is not 35%. If you are into higher tax bracket, then max pre-tax. If you projected RMD is too big, good news for you, you can retire earlier and using the gap years to do Roth conversion till you start to withdraw SS and pension. You can also do a one ...
by retiredjg
Tue May 22, 2018 4:20 pm
Forum: Investing - Help with Personal Investments
Topic: Roth question
Replies: 24
Views: 1499

Re: Roth question

This is the first and only direct rollover I think you have already realized this, but what you did was NOT a direct rollover. The term "direct rollover" refers to work plans like a 401k, not to an IRA. What you apparently did was a 60 day rollover with the contribution and a trustee to trustee tra...
by retiredjg
Tue May 22, 2018 9:30 am
Forum: Personal Finance (Not Investing)
Topic: How do I tell if Roth conversions are worth the trouble?
Replies: 50
Views: 3399

Re: How do I tell if Roth conversions are worth the trouble?

Horsefly wrote:
Tue May 22, 2018 9:25 am
I didn't know that. Thanks. I'll have to consider that once I hit 65.
What happens when you turn 65 is based on your income when 63. Do not accidentally overlook this.
by retiredjg
Tue May 22, 2018 9:20 am
Forum: Personal Finance (Not Investing)
Topic: How do I tell if Roth conversions are worth the trouble?
Replies: 50
Views: 3399

Re: How do I tell if Roth conversions are worth the trouble?

You are currently in the 24% bracket. It might be helpful to know if a pension is putting you there or if you just have fairly high expenses. It is possible/likely that your 24% bracket will revert to 28% in 5 or 6 years (whenever it is). It is very possible that when one of you dies, the other will...
by retiredjg
Tue May 22, 2018 7:59 am
Forum: Investing - Help with Personal Investments
Topic: Should we max out all tax advantaged accounts?
Replies: 9
Views: 1243

Re: Should we max out all tax advantaged accounts?

i was talking about the possibility of the poster having a pension in addition to spouse's probably small pension.
by retiredjg
Tue May 22, 2018 7:34 am
Forum: Investing - Help with Personal Investments
Topic: Should we max out all tax advantaged accounts?
Replies: 9
Views: 1243

Re: Should we max out all tax advantaged accounts?

Yes on saving that much. Maybe on whether that much should go into tax-deferral. If you will have a pension too, probably no. If you will not have a pension it is much harder to guess. There is no one answer for this and much of it is a guess about what your future tax rates will be. If you are in y...
by retiredjg
Tue May 22, 2018 6:54 am
Forum: Investing - Help with Personal Investments
Topic: Roth question
Replies: 24
Views: 1499

Re: Roth question

The second contribution was NOT made within 60 days of the distribution...... How do you know that? :confused Because he read what the OP posted - I contributed $5500 to my Roth IRA in January. In late April I took the $5500 back out into checking and put it in a new Roth IRA. There is no rollover ...
by retiredjg
Tue May 22, 2018 6:07 am
Forum: Investing - Help with Personal Investments
Topic: Roth question
Replies: 24
Views: 1499

Re: Roth question

Alan S. wrote:
Mon May 21, 2018 11:41 pm
The second contribution was NOT made within 60 days of the distribution......
How do you know that? :confused
by retiredjg
Tue May 22, 2018 5:57 am
Forum: Investing - Help with Personal Investments
Topic: Appreciate some feedback
Replies: 4
Views: 434

Re: Appreciate some feedback

e. I thought the general principle was to park your bonds in your taxable account to make more room for stocks in your non-taxable accounts (Roth and 401k). I am a California resident and at my income level, I was looking for a tax-savy choice for my bond funds. This is an area of much discussion a...
by retiredjg
Mon May 21, 2018 6:08 pm
Forum: Investing - Help with Personal Investments
Topic: Roth question
Replies: 24
Views: 1499

Re: Roth question

5498 reports the method for how money got into the account for the tax year and the fair market value at the end of the year. So yes, it separately reports money that came in through direct contribution, rollover or conversion (for a Roth account). In that case, the poster will definitely have to g...
by retiredjg
Mon May 21, 2018 6:04 pm
Forum: Investing - Help with Personal Investments
Topic: Same funds within IRA and Taxable
Replies: 26
Views: 1663

Re: Same funds within IRA and Taxable

However, purchases in a 401k can trigger a wash sale in a taxable account. Are you sure? I don't believe such a ruling that has been brought to our attention here. Or an example that it has happened. In fact, when the IRS did issue a clarification regarding IRAs and spouse's IRAs and wash sales, th...
by retiredjg
Mon May 21, 2018 5:43 pm
Forum: Investing - Help with Personal Investments
Topic: Roth question
Replies: 24
Views: 1499

Re: Roth question

Contact the receiver and see about getting it reclassified as a 60-day rollover. :oops: It does seem like that would work. Again, you might have to tell the custodian you goofed in how you moved the money - should have told them it was a 60 day rollover from the start but you were confused about ho...
by retiredjg
Mon May 21, 2018 3:42 pm
Forum: Investing - Help with Personal Investments
Topic: Roth question
Replies: 24
Views: 1499

Re: Roth question

Contact the receiver and see about getting it reclassified as a 60-day rollover. :oops: It does seem like that would work. Again, you might have to tell the custodian you goofed in how you moved the money - should have told them it was a 60 day rollover from the start but you were confused about ho...
by retiredjg
Mon May 21, 2018 3:37 pm
Forum: Investing - Help with Personal Investments
Topic: Same funds within IRA and Taxable
Replies: 26
Views: 1663

Re: Same funds within IRA and Taxable

But if you are actively trying to learn about tax loss harvest then presumably you might do it in the future, no? My opinion is you are way over thinking this. Hold whatever funds make the most sense for you in whatever accounts. If a TLH opportunity arises you'll have a plan for managing it, like ...
by retiredjg
Mon May 21, 2018 3:13 pm
Forum: Investing - Help with Personal Investments
Topic: Roth question
Replies: 24
Views: 1499

Re: Roth question

If you had done a transfer from one account to the other, it would have been OK. Or if you'd had your custodian return your contribution, I think it would have been OK. But what the IRS is going to see is two separate contributions, one of which you are not eligible for, and a withdrawal. You were e...
by retiredjg
Mon May 21, 2018 3:05 pm
Forum: Investing - Help with Personal Investments
Topic: Same funds within IRA and Taxable
Replies: 26
Views: 1663

Re: Same funds within IRA and Taxable

Several people are paying attention to whether you plan to do tax loss harvesting. I don't think that is all there is to it. What if you need to sell something that is at a loss, even if you have no intention to tax loss harvest? You just need the money, your fund happens to be at a loss, and you do...
by retiredjg
Mon May 21, 2018 2:57 pm
Forum: Investing - Help with Personal Investments
Topic: Newly widowed, how do I invest 1.5 million life ins. proceeds
Replies: 72
Views: 7491

Re: Newly widowed, how do I invest 1.5 million life ins. proceeds

I'd have to say that $1.5 million dollars is a lot to have at one bank or credit union for more than a few days or weeks. I think the FDIC and NCUA limit is $250k, isn't it?
by retiredjg
Mon May 21, 2018 2:52 pm
Forum: Investing - Help with Personal Investments
Topic: 457: Trad or Roth?
Replies: 14
Views: 717

Re: 457: Trad or Roth?

I'm not sure that everyone reading this thread realizes that you are filling both a 403b ($18,500) and a 457 (another $18,500). The question is not about the 403b - it is going to into tax-deferral. The question is what to do with the second account - should it be traditional, Roth or a combination?...
by retiredjg
Mon May 21, 2018 9:22 am
Forum: Investing - Help with Personal Investments
Topic: Appreciate some feedback
Replies: 4
Views: 434

Re: Appreciate some feedback

One other comment. Are you aware of or have you considered using the "back door" in order to contribute to Roth IRA? I no longer suggest this maneuver because so many people mess up the paperwork, but someone will suggest it and it is only right that you are aware that it is an option. If you decide...
by retiredjg
Mon May 21, 2018 9:17 am
Forum: Investing - Help with Personal Investments
Topic: Appreciate some feedback
Replies: 4
Views: 434

Re: Appreciate some feedback

Welcome to the forum. To understand your portfolio, you need to be able to see each holding in relation to the rest of the portfolio. That is why we use % of portfolio rather than % of account. Below, I've added $500k to your taxable account and changed all the percentages to % of portfolio. As you ...
by retiredjg
Mon May 21, 2018 7:46 am
Forum: Investing - Help with Personal Investments
Topic: Government Roth 457(b) fees just went up 148%
Replies: 7
Views: 859

Re: Government Roth 457(b) fees just went up 148%

Keepcalm wrote:
Sun May 20, 2018 1:06 am
The fund is VINIX, would this have anyone begin looking else where?
The cost went up, but this is still a lower cost fund. You should look elsewhere if you have other work plans available. If this is your only work plan, you almost certainly need to use it.
by retiredjg
Mon May 21, 2018 6:10 am
Forum: Investing - Help with Personal Investments
Topic: Same funds within IRA and Taxable
Replies: 26
Views: 1663

Re: Same funds within IRA and Taxable

I would use Portfolio A.
by retiredjg
Sun May 20, 2018 4:51 pm
Forum: Investing - Help with Personal Investments
Topic: Help Selling Stock to Diversify
Replies: 9
Views: 422

Re: Help Selling Stock to Diversify

manedark wrote:
Sun May 20, 2018 2:52 pm
He has to also consider if his state taxes the capital gains too, right?
Yes.
by retiredjg
Sun May 20, 2018 2:28 pm
Forum: Investing - Help with Personal Investments
Topic: VG Traditional IRA Brokerage Account?
Replies: 4
Views: 230

Re: VG Traditional IRA Brokerage Account?

Vanguard used to keep it's in-house mutual fund business separate from it's brokerage where it sold ETFs and mutual funds from other companies. A few years back, they moved everything to the brokerage side and since then have tried to get everyone to move all their accounts over there. Not everyone ...
by retiredjg
Sun May 20, 2018 1:57 pm
Forum: Investing - Help with Personal Investments
Topic: Taxable Account Advice
Replies: 10
Views: 1063

Re: Taxable Account Advice

For your taxable account, I suggest only a total stock index and/or a total international index. Adjust the stock to bond ratio in your other accounts.

Some of the others you mentioned are not very tax-efficient (cause you to pay unnecessary taxes).
by retiredjg
Sun May 20, 2018 12:48 pm
Forum: Investing - Help with Personal Investments
Topic: Help Selling Stock to Diversify
Replies: 9
Views: 422

Re: Help Selling Stock to Diversify

If you are already over NIIT ($250k for a couple), I'd just sell a lot but definitely stay under the $479,000 threshold where the 15% cap gain changes to 20%. If you are over NIIT, you will pay 18.8% on the long term gains no matter how much you sell (if you stay under $479k). There is no financial ...
by retiredjg
Sun May 20, 2018 12:40 pm
Forum: Investing - Help with Personal Investments
Topic: Newly widowed, how do I invest 1.5 million life ins. proceeds
Replies: 72
Views: 7491

Re: Newly widowed, how do I invest 1.5 million life ins. proceeds

Wow, you all are so kind to take the time to help. Thank you! Regarding the $5/month I was hoping to withdraw, I could take out less. I could do 4k, possibly even 3K. I know I can trim expenses. I am preparing for the idea that I will sell the house. It is a money sucker, so big and old. Clearly yo...
by retiredjg
Sun May 20, 2018 10:50 am
Forum: Investing - Help with Personal Investments
Topic: 457: Trad or Roth?
Replies: 14
Views: 717

Re: 457: Trad or Roth?

Since you are driving payroll nuts, it seems you are experiencing a fair amount of stress over this decision. As often happens, the choice between two good decisions is the hardest choice. In the big scheme of things, this is not all that important - don't allow it to bother you much. In the big sch...
by retiredjg
Sun May 20, 2018 10:37 am
Forum: Investing - Help with Personal Investments
Topic: Help Selling Stock to Diversify
Replies: 9
Views: 422

Re: Help Selling Stock to Diversify

The goal is to reduce your individual stock. To do that, I'd sell all the losses, sell enough in gains to offset the losses, and sell even more to reduce the total amount you have. The only cost would be taxes on the "even more" amount. It appears that would be taxed at 15% (only the gains, not the ...
by retiredjg
Sun May 20, 2018 10:26 am
Forum: Investing - Help with Personal Investments
Topic: When to and when not to “reinvest dividend and capital gains”
Replies: 24
Views: 2222

Re: When to and when not to “reinvest dividend and capital gains”

Would this be a reasonable approach to reducing lots? 1. Turn off reinvestment of (quarterly) dividends and instead direct them to the account's settlement fund. 2. Contribute regularly (monthly or quarterly) from a bank account to the settlement fund. 3. Each quarter, immediately following dividen...
by retiredjg
Sun May 20, 2018 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Allocation and reaching retirement goal yrs before retirement
Replies: 4
Views: 380

Re: Allocation and reaching retirement goal yrs before retirement

I think lowering your stock allocation as you get nearer your goal is very reasonable.
by retiredjg
Sun May 20, 2018 9:31 am
Forum: Investing - Help with Personal Investments
Topic: Simplifying to a target retirement fund?
Replies: 9
Views: 638

Re: Simplifying to a target retirement fund?

Calygos wrote:
Sun May 20, 2018 8:12 am
Ah, just realized I misread something. The point about bonds in a target fund not being tax-efficient had me thinking of the target fund in the tIRA, but his point was about not having the target fund in my taxable account, which totally makes sense.
Yes, that is what I meant.
by retiredjg
Sun May 20, 2018 9:26 am
Forum: Investing - Help with Personal Investments
Topic: 457: Trad or Roth?
Replies: 14
Views: 717

Re: 457: Trad or Roth?

Welcome to the forum! I think you will continue to get multiple answers to your question. Here's my thinking. I contribute to a defined benefit pension plan through the state, max out my 403(b), 457, and Roth IRA every year, and invest 1k/month in a taxable account. The presence of a pension makes t...
by retiredjg
Sun May 20, 2018 7:30 am
Forum: Investing - Help with Personal Investments
Topic: Simplifying to a target retirement fund?
Replies: 9
Views: 638

Re: Simplifying to a target retirement fund?

Another reason not to do it is that sometimes people don't have access to low cost target funds in a 401k.
by retiredjg
Sun May 20, 2018 7:29 am
Forum: Investing - Help with Personal Investments
Topic: Simplifying to a target retirement fund?
Replies: 9
Views: 638

Re: Simplifying to a target retirement fund?

Sometimes putting a target fund in taxable is not the best approach for a couple of reasons. If you are in a higher tax bracket, the bonds in the target fund would not be very tax-efficient. Also, the target fund means you could not sell stocks or bonds without selling both. In a taxable account, ke...
by retiredjg
Sun May 20, 2018 7:16 am
Forum: Investing - Help with Personal Investments
Topic: Newly widowed, how do I invest 1.5 million life ins. proceeds
Replies: 72
Views: 7491

Re: Newly widowed, how do I invest 1.5 million life ins. proceeds

I met with three banks and also a financial planning firm. It is painful to think of paying those fees...1.25 from the financial planner and 1.1 from the bank. I am very interested in the Boglehead philosophy and just ordered some of the recommended books. Not only would it be painful, I don't thin...
by retiredjg
Sat May 19, 2018 5:59 pm
Forum: Investing - Help with Personal Investments
Topic: Would like to simplify my portfolio. Any thoughts?
Replies: 23
Views: 863

Re: Would like to simplify my portfolio. Any thoughts?

An IRA is not enough saved to expect a decent retirement.

You will still get the best and most advice if you post your whole picture. For example, maybe you need to consider a Solo 401k or SEP IRA or SIMPLE IRA.

Maybe you are not ready just yet. Keep it in mind for when you are.
by retiredjg
Sat May 19, 2018 5:51 pm
Forum: Investing - Help with Personal Investments
Topic: Would like to simplify my portfolio. Any thoughts?
Replies: 23
Views: 863

Re: Would like to simplify my portfolio. Any thoughts?

See the link at the bottom of this message for how to get to most help with this type of question.

Your portfolio plan should start with the most inflexible account you have. This is often a work plan like a 401k or 403b.
by retiredjg
Sat May 19, 2018 4:40 pm
Forum: Investing - Help with Personal Investments
Topic: Why diversify 401k
Replies: 14
Views: 977

Re: Why diversify 401k

What you are considering is called "chasing returns" or "skating to where the puck was". It is not a very effective model for investing. You have to skate to where the puck will be if you ever hope to hit it. Guilty of that i am... thanks for your input retiredjg! So....did you wonder how to know h...
by retiredjg
Sat May 19, 2018 8:38 am
Forum: Investing - Help with Personal Investments
Topic: Same funds within IRA and Taxable
Replies: 26
Views: 1663

Re: Same funds within IRA and Taxable

Another question: I have Vanguard Inst Index Fund Inst Plus (VIIIX) in my 401k. Should that affect me in exchanging to Vanguard SP500 VFIAX in my Roth? I believe these are same funds but with different classes. There is no problem holding the same fund in 401k and Roth IRA. A wash sale, if that is ...