Search found 31415 matches

by retiredjg
Thu Feb 22, 2018 8:09 am
Forum: Investing - Help with Personal Investments
Topic: Messy Portfolio -- Please Help - TIA!
Replies: 39
Views: 2968

Re: Messy Portfolio -- Please Help - TIA!

Taxable (Both) 10.5% 4.85% 69K V. Long-Term Tax-Exempt Fund Admiral Shares (0.09) <-in your tax bracket, -you are probably getting less return on this than a taxable bond fund (I have not checked. Have you?) I just checked. You are correct, a taxable fund (like V. Long-Term Investment-Grade Fund Ad...
by retiredjg
Thu Feb 22, 2018 6:35 am
Forum: Investing - Help with Personal Investments
Topic: Tax Penalty on Roth IRA
Replies: 18
Views: 1482

Re: Tax Penalty on Roth IRA

I already have a 401k through my current employer, the Vanguard account is just my amount from previous employer 401ks rolled in. Based on what you said I am guessing it is non-deductible. This guess is probably incorrect. It sounds like what you have is a rollover IRA containing the tax-deferred c...
by retiredjg
Thu Feb 22, 2018 6:13 am
Forum: Investing - Help with Personal Investments
Topic: Tax Penalty on Roth IRA
Replies: 18
Views: 1482

Re: Tax Penalty on Roth IRA

I bought VBLTX with it, so the earnings on that excess $550 (x2) is jack, any tax penalty on those earnings is jack, and even a 6% tax hit on the contrib excess isn't worth any extra hassle to me. What's the EASIEST way for me to handle this? If you want to just be done with it, call your custodian...
by retiredjg
Wed Feb 21, 2018 1:00 pm
Forum: Investing - Help with Personal Investments
Topic: Roll Mega backdoor Roth account into backdoor Roth account
Replies: 16
Views: 603

Re: Roll Mega backdoor Roth account into backdoor Roth account

Just my usual reminder to keep up with how every penny gets into your Roth IRA account. You'll need that info if you take money out prior to age 59.5. :happy
by retiredjg
Wed Feb 21, 2018 1:00 pm
Forum: Investing - Help with Personal Investments
Topic: Roll Mega backdoor Roth account into backdoor Roth account
Replies: 16
Views: 603

Re: Roll Mega backdoor Roth account into backdoor Roth account

You're right, USAA funds suck bad. SO do their CD's and margin rates. But USAA allows me to trade all FIDO funds for free, so my USAA Roth IRA currently holds the same fund FIDELITY TOTAL MKT INDEX PREMIUM CL (FSTVX) as my FIDO Roth. Talking to USAA now to initiate the transfer. Well then, that's a...
by retiredjg
Wed Feb 21, 2018 12:05 pm
Forum: Investing - Help with Personal Investments
Topic: Roll Mega backdoor Roth account into backdoor Roth account
Replies: 16
Views: 603

Re: Roll Mega backdoor Roth account into backdoor Roth account

Consider the reverse - rolling your Roth IRA to Fidelity for a better choice of low cost funds. USAA is reported to be great for insurance and banking, but they don't seem to be very interested in low cost index fund investing. They offer a very limited selection under their own name and a cumbersom...
by retiredjg
Wed Feb 21, 2018 11:28 am
Forum: Investing - Help with Personal Investments
Topic: 403b and backdoor roth
Replies: 2
Views: 126

Re: 403b and backdoor roth

Yes.

You might check to be sure your income is still too high after contributing the $18,500 to the 401k.
by retiredjg
Wed Feb 21, 2018 11:03 am
Forum: Investing - Help with Personal Investments
Topic: TLH in a 3-fund portfolio with the same funds in taxable and tax-advantaged
Replies: 8
Views: 450

Re: TLH in a 3-fund portfolio with the same funds in taxable and tax-advantaged

If I were going to set up a taxable account, I'd put Total Stock and Total International in there and use only 500 index/extended market in the IRA(s). If possible, I'd put all the international into taxable. If not, use Developed Markets/Emerging Markets in the IRA(s) and call it close enough. If y...
by retiredjg
Wed Feb 21, 2018 10:42 am
Forum: Investing - Help with Personal Investments
Topic: Tax Penalty on Roth IRA
Replies: 18
Views: 1482

Re: Tax Penalty on Roth IRA

"Withdraw" your contribution does not mean you go to the internet and take the money out of your account. It means contacting the custodian and telling them you want to withdraw (return) your 2017 contribution and its associated earnings. It makes it like the contribution never happened. I believe y...
by retiredjg
Wed Feb 21, 2018 9:09 am
Forum: Personal Finance (Not Investing)
Topic: What UN-frugal thing do you do?
Replies: 92
Views: 3878

Re: What UN-frugal thing do you do?

I spend a lot on quality food and my dogs. Other things....not so much.
by retiredjg
Wed Feb 21, 2018 9:06 am
Forum: Investing - Help with Personal Investments
Topic: Messy Portfolio -- Please Help - TIA!
Replies: 39
Views: 2968

Re: Messy Portfolio -- Please Help - TIA!

This is progress. If you wish to discuss what funds to be using, let us know. About the spacing problem, I noticed a problem when I was adding my comments to your comments. Some things just would not do what they were supposed to do even with numerous tries. I thought it was the result of all the fo...
by retiredjg
Wed Feb 21, 2018 8:48 am
Forum: Investing - Help with Personal Investments
Topic: <gulp> Expensive mistake
Replies: 40
Views: 5387

Re: <gulp> Expensive mistake

I am absolutely sick and unsure how to proceed. This is a disappointment, but being "absolutely sick" over it may be putting too much importance on it. You were accidentally at a lower stock to bond ratio than desired for a few months. In the long run, this will not be a big deal and it certainly w...
by retiredjg
Wed Feb 21, 2018 8:34 am
Forum: Personal Consumer Issues
Topic: Mental Accounting -- How to solve problem
Replies: 26
Views: 1972

Re: Mental Accounting -- How to solve problem

I am posting now because despite making major transformations in my financial life over the past two years, I still struggle with mental accounting/buckets and trying to come up with all of these creative ways of thinking about things. The good news is that most of this is now around savings goals,...
by retiredjg
Tue Feb 20, 2018 5:56 pm
Forum: Investing - Help with Personal Investments
Topic: How do I unwind this Wealthfront mess?
Replies: 55
Views: 3958

Re: How do I unwind this Wealthfront mess?

First, I'd ask Vanguard if they will give you some free trades so you can get out of the mess and buy their index funds. Specify that you are tying to move to their index funds. It might help. You are a new customer. It can't hurt to ask. It might have been better to ask before the transfer actually...
by retiredjg
Tue Feb 20, 2018 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: Criteria used to make Roth Conversion decision
Replies: 39
Views: 2679

Re: Criteria used to make Roth Conversion decision

Darn taxes can't seem to behave!

Well, maybe the poster who observed this can look through the list and figure something out.
by retiredjg
Tue Feb 20, 2018 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: Criteria used to make Roth Conversion decision
Replies: 39
Views: 2679

Re: Criteria used to make Roth Conversion decision

The tax code is finite so the list of reasons should also be finite, but it is quite long. I have never seen an actual enumeration of all possible reasons for strange marginal rates. Check out the link I posted above. It has a list of numerous phase outs - things that can make your marginal rate di...
by retiredjg
Tue Feb 20, 2018 11:45 am
Forum: Investing - Help with Personal Investments
Topic: Help deciding on 401k options
Replies: 6
Views: 470

Re: Help deciding on 401k options

In order to really answer your questions, you have to compare the expense ratio of each fund. The 500 index is clearly your best choice. Hard to say what the best bond fund is without knowing exactly what they are charging you. My guess it the Baird Core Plus, but you need to actually check your pla...
by retiredjg
Tue Feb 20, 2018 8:18 am
Forum: Personal Finance (Not Investing)
Topic: Married Filing Separately - Roth IRA oops
Replies: 13
Views: 671

Re: Married Filing Separately - Roth IRA oops

I also would wonder about spending 20 years in a social service field at very low pay and long hours. I'd guess a significant number of people will move on to something with less wear and tear after 10 years or so.
by retiredjg
Tue Feb 20, 2018 8:14 am
Forum: Personal Finance (Not Investing)
Topic: Married Filing Separately - Roth IRA oops
Replies: 13
Views: 671

Re: Married Filing Separately - Roth IRA oops

Twenty years? I'm not sure I'd plan to file separately for 20 years for a loan that you can actually pay off in a year if you choose to. How much of the loan would you expect she won't have to pay? I think you have another option. Recharacterize your Roth contribution to tIRA and convert. This assum...
by retiredjg
Tue Feb 20, 2018 7:26 am
Forum: Investing - Help with Personal Investments
Topic: Where to park 800K cash
Replies: 7
Views: 1979

Re: Where to park 800K cash

Cash, CD, money market, short term bonds. Do not put any money you need next year in stocks. It might not be there when you want it.
by retiredjg
Tue Feb 20, 2018 7:17 am
Forum: Investing - Theory, News & General
Topic: Does Non-deductible IRA make sense
Replies: 7
Views: 591

Re: Does Non-deductible IRA make sense

I would not add non-deductible contributions to tIRA unless I needed space for holding bonds. If there is plenty of tax-deferred space for my bond allocation, I would put the money in taxable. This is because of the way earnings from bonds are taxed - they are taxed the same in taxable or IRA. Stock...
by retiredjg
Mon Feb 19, 2018 4:39 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Adjusting a Taxable Account
Replies: 18
Views: 851

Re: Tax Adjusting a Taxable Account

For example, I will likely put bonds in my tax deferred 401k so if I didn't adjust between the stocks in my taxable I'd fear I'd be taking on too much risk (going on the assumption for the moment that I would tax adjust less than my current 25% tax bracket in the taxable). I don't tax adjust. It ma...
by retiredjg
Mon Feb 19, 2018 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: Criteria used to make Roth Conversion decision
Replies: 39
Views: 2679

Re: Criteria used to make Roth Conversion decision

Here's the 2018 Married jointly tax brackets, 10% Up to $19,050, 12% $19,051 to $77,400 If my 2018 AGI is $68k, I could still add $77,400 - $68,000 = $9,400 and stay in the 12% tax bracket. You are confusing AGI and taxable income. AGI is the last line on the front page of Form 1040. It is before y...
by retiredjg
Mon Feb 19, 2018 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: Criteria used to make Roth Conversion decision
Replies: 39
Views: 2679

Re: Criteria used to make Roth Conversion decision

Qmavam wrote:
Mon Feb 19, 2018 11:59 am
I did a quick search on Medicare B and D, as I see it, as long as you don't go above $170k (jointly) the amount of income won't change the cost of medicare B and D premiums.
Is that correct?
No chance we'll get near $170k.
That is correct.
by retiredjg
Mon Feb 19, 2018 10:37 am
Forum: Investing - Help with Personal Investments
Topic: Recommendations for Fidelity Bond Funds in Taxable Account
Replies: 25
Views: 1686

Re: Recommendations for Fidelity Bond Funds in Taxable Account

Wow, you've certainly done your research. Actually, it was not me. It was Grabiner , a poster here...a numbers guy and, in my opinion, a dependable source of accurate information about numbers things. The other funds are high yield bond funds, one US, two are foreign. Like I said....apples and oran...
by retiredjg
Mon Feb 19, 2018 7:44 am
Forum: Investing - Help with Personal Investments
Topic: Recommendations for Fidelity Bond Funds in Taxable Account
Replies: 25
Views: 1686

Re: Recommendations for Fidelity Bond Funds in Taxable Account

There is a useful metric on Morningstar called the tax cost ratio that, along with turnover ratio is a great predictor of what funds should or should not be in your taxable account. I have observed that Morningstar's tax cost ratio is not very accurate for stock funds. It has been said this is beca...
by retiredjg
Sun Feb 18, 2018 9:24 pm
Forum: Personal Consumer Issues
Topic: Do you wear a wedding band? [at a job interview]
Replies: 157
Views: 8978

Re: Do you wear a wedding band?

This is a nice realistic analysis, retiredjg. But my visceral reactions are binary. If a man has a ring, he is off limits. If a man does not have a ring, and I like him, I explore further. Victoria I agree on all points. My post simply meant that the presence of a ring on a man does not mean any on...
by retiredjg
Sun Feb 18, 2018 6:37 pm
Forum: Personal Consumer Issues
Topic: Do you wear a wedding band? [at a job interview]
Replies: 157
Views: 8978

Re: Do you wear a wedding band?

... and also interested in the perceptions of women about men who don’t. From a woman's view point..... A man who does not wear a ring might be unmarried. This does not mean he is "available". He might be in a committed relationship. Or he might be married and just not like rings. Or he might be ma...
by retiredjg
Sun Feb 18, 2018 5:47 pm
Forum: Investing - Help with Personal Investments
Topic: Really need an advice: sell the house or rent it out
Replies: 40
Views: 2150

Re: Really need an advice: sell the house or rent it out

Is there a better option than CD? If I invest $250K in CDs for 6 years, best case I stand to make $50k. You have a choice. If you want the money to be there when you want it, you must invest in something conservative like a CD or short term bonds, maybe with a little in intermediate term bonds. If ...
by retiredjg
Sun Feb 18, 2018 5:28 pm
Forum: Personal Consumer Issues
Topic: Good store for roller shades?
Replies: 12
Views: 877

Re: Good store for roller shades?

yolli71 wrote:
Sun Feb 18, 2018 5:14 pm
Thanks everyone. I just ordered samples from all 3 stores...we'll see how it goes!
I'd be interested in hearing what you learn from the samples.
by retiredjg
Sun Feb 18, 2018 5:01 pm
Forum: Investing - Help with Personal Investments
Topic: New-ish Investor--Advice on strategy
Replies: 18
Views: 1880

Re: New-ish Investor--Advice on strategy

Is it possible you thought that suggestion was just talking about your contributions? If so, I'm sorry it was not clear.

I meant for you to change what you already had invested to that suggestion and then add money in roughly the ratios you want for your portfolio.
by retiredjg
Sun Feb 18, 2018 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: Did Backdoor Roth with existing Rollover IRA
Replies: 5
Views: 404

Re: Did Backdoor Roth with existing Rollover IRA

That is how it seems to me. Maybe someone else can give you a thumbs up in case I missed something. #2 will go to the IRS with #1. Do that now and wait a bit before filing your current taxes if you can. I guess you left out one step. You will have to report your 2018 contribution and conversion a ye...
by retiredjg
Sun Feb 18, 2018 4:53 pm
Forum: Investing - Help with Personal Investments
Topic: New-ish Investor--Advice on strategy
Replies: 18
Views: 1880

Re: New-ish Investor--Advice on strategy

Hi there, I'm following up to my previous post with a new challenge I've run into. Refresher on my current allocations is below. That was a year ago. Did you actually change your allocations to match that suggestion? What are the allocations now? Also tell us what your expected contributions are, h...
by retiredjg
Sun Feb 18, 2018 11:55 am
Forum: Personal Finance (Not Investing)
Topic: Did Backdoor Roth with existing Rollover IRA
Replies: 5
Views: 404

Re: Did Backdoor Roth with existing Rollover IRA

I think you need to file a 1040x for 2016. You will have to pro-rate your 2016 conversion using form 8606. It might be easiest to do this by hand rather than through software. You will owe some tax and penalty for the 2016 conversion. I do not know how to calculate the penalty,but maybe the 1040x fo...
by retiredjg
Sun Feb 18, 2018 11:12 am
Forum: Investing - Help with Personal Investments
Topic: Why not tax-exempt bonds?
Replies: 23
Views: 2320

Re: Why not tax-exempt bonds?

Everything I've read about bonds says that if you intend to have bonds in taxable, it should be a municipal bond fund like Vanguard Intermeidate tax exempt... This is true only for people in the higher tax brackets. People in the lower brackets make more money, even after taxes, by using a taxable ...
by retiredjg
Sun Feb 18, 2018 11:08 am
Forum: Investing - Help with Personal Investments
Topic: Really need an advice: sell the house or rent it out
Replies: 40
Views: 2150

Re: Really need an advice: sell the house or rent it out

Yes, but that does not solve the problem that they probably will lose money in the long run if the rent does not cover enough. Repairs are always a major issue and in this case, the rent does not even cover the mortgage, much less the repairs and a management company. That money has to come from som...
by retiredjg
Sun Feb 18, 2018 11:04 am
Forum: Investing - Help with Personal Investments
Topic: Why paying off loans would be better than fully funding 401k?
Replies: 87
Views: 6230

Re: Why paying off loans would be better than fully funding 401k?

Take a look at Fidelity's Solo 401k. I think they do not charge a fee (not sure). Not sure the Vanguard Solo will work for you because I'm not sure they will accept a rollover from another 401k. From an IRA, definitely not.
by retiredjg
Sun Feb 18, 2018 11:00 am
Forum: Personal Finance (Not Investing)
Topic: IRA basis question
Replies: 44
Views: 3047

Re: IRA basis question

Insturctions for Form 8606 Line 2: Total Basis Chart IF the last Form 8606 you filed was for . . . THEN enter on line 2 . . . A year after 2000 and before 2017 The amount from line 14 of that Form 8606 So 2017 Line 2 would be 2016 Line 14 = 0. As far as I know if I want to change things manually in...
by retiredjg
Sun Feb 18, 2018 10:09 am
Forum: Investing - Help with Personal Investments
Topic: Why paying off loans would be better than fully funding 401k?
Replies: 87
Views: 6230

Re: Why paying off loans would be better than fully funding 401k?

.....but a separation is in my best interest. Absolutely. This advisor is not doing you any favors. There will probably have to be a new 401k plan. I do not know if you can switch mid-year or if you have to wait and start it for 2019. I do know you can do better than what you have now. Or is it pos...
by retiredjg
Sun Feb 18, 2018 9:58 am
Forum: Personal Finance (Not Investing)
Topic: IRA basis question
Replies: 44
Views: 3047

Re: IRA basis question

2015 was the first year for backdoor so I never had a nondeductible contribution to this IRA 2015 I did backdoor $5,500 in late December so there was a balance Dec 31st 2015 of 5500 that was converted to Roth Jan '16. 2015 8606 Line 2: 0, Line 14: $5,500 This 2015 contribution changes everything an...
by retiredjg
Sun Feb 18, 2018 8:50 am
Forum: Personal Finance (Not Investing)
Topic: IRA basis question
Replies: 44
Views: 3047

Re: IRA basis question

After reading this thread I'm realizing maybe I did my taxes wrong last year. I did the same as the OP in 2016 and 2017: Contribute 5500 non-deductible then convert to my existing Roth. On Dec 31st 2016 & 2017 I had $0 balance in my traditional IRA. On my 2016 return I have 5,500 on Lines 1&2 of 86...
by retiredjg
Sun Feb 18, 2018 7:07 am
Forum: Investing - Help with Personal Investments
Topic: Recommendations for Fidelity Bond Funds in Taxable Account
Replies: 25
Views: 1686

Re: Recommendations for Fidelity Bond Funds in Taxable Account

This is true for bond fund returns. But again, my tax-deferred and tax-free accounts are maxed out every year. I prefer the stability that bond funds provide to my taxable account and I see paying taxes as the cost of having peace of mind. Is this wrong thinking? Having my taxable account completel...
by retiredjg
Sun Feb 18, 2018 6:50 am
Forum: Investing - Help with Personal Investments
Topic: Why paying off loans would be better than fully funding 401k?
Replies: 87
Views: 6230

Re: Why paying off loans would be better than fully funding 401k?

I'm still going to pay off the 401k loan 1st ChinchillaWhiplash. Why? With the 401K loan, you are paying interest to yourself. As opposed to all other loans that you are paying interest to other people. What do I miss here? KlangFool Thinking I would get it out of the way sooner. Have less time to ...
by retiredjg
Sat Feb 17, 2018 8:16 pm
Forum: Investing - Help with Personal Investments
Topic: Recommendations for Fidelity Bond Funds in Taxable Account
Replies: 25
Views: 1686

Re: Recommendations for Fidelity Bond Funds in Taxable Account

You have it backwards. It is because of the way things are taxed. Bond dividends are taxed at your marginal rate (often the same as your tax bracket) no matter what type of account (tax-deferred or taxable) they are in. Wait. Don't bond dividends held in an traditional IRA, a Roth IRA, or a trad or...
by retiredjg
Sat Feb 17, 2018 6:03 pm
Forum: Investing - Help with Personal Investments
Topic: Why paying off loans would be better than fully funding 401k?
Replies: 87
Views: 6230

Re: Why paying off loans would be better than fully funding 401k?

It always happens when someone posts a list like that. Each reader sees something they think is dumb and some will comment. And sometimes they misread things as you have noticed ($500 for nails?????). Just evaluate each comment for whether it is something you could improve on and then move on. There...
by retiredjg
Sat Feb 17, 2018 5:48 pm
Forum: Investing - Help with Personal Investments
Topic: Rollover a Pension into Roth IRA or Traditional IRA?
Replies: 20
Views: 1240

Re: Rollover a Pension into Roth IRA or Traditional IRA?

Sorry, I too made the assumption that our original poster is younger. If older, there might not be a penalty for paying the tax out of the pension.
by retiredjg
Sat Feb 17, 2018 5:20 pm
Forum: Investing - Help with Personal Investments
Topic: Really need an advice: sell the house or rent it out
Replies: 40
Views: 2150

Re: Really need an advice: sell the house or rent it out

Need_help_please wrote:
Sat Feb 17, 2018 5:17 pm
Any suggestions on where to invest $200K. Looking for "safe" investment.
A short term bond fund is often a good choice. Or CDs. But you really need to consider this decision in light of what you already have in your portfolio.
by retiredjg
Sat Feb 17, 2018 5:06 pm
Forum: Personal Consumer Issues
Topic: Good store for roller shades?
Replies: 12
Views: 877

Re: Good store for roller shades?

I've used Select Blinds for my last 3 houses. Never used the roller shades, always used the cellular shades (top down is wonderful). There have been few problems. One time when a string broke, they fixed it for free. Fast, cheap, easy to install, good quality, and good customer service. Maybe you'll...