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by retiredjg
Thu Jan 18, 2018 11:34 am
Forum: Investing - Help with Personal Investments
Topic: 39 year old - Personal investing & Asset Allocation
Replies: 68
Views: 14694

Re: 39 year old - Personal investing & Asset Allocation

Do you recommend a particular short term tax exempt fund? I know they have at least 2 - one called short term and one called limited term. There might be a 3rd one. I don't know the pros and cons of each one right now. I don't even know why they have 2. New question - How do you view Vanguard Prime...
by retiredjg
Thu Jan 18, 2018 9:47 am
Forum: Investing - Help with Personal Investments
Topic: 39 year old - Personal investing & Asset Allocation
Replies: 68
Views: 14694

Re: 39 year old - Personal investing & Asset Allocation

Should I rebalance 100% to the Total Bond fund on a single day or gradually? Do it all at one time. The emerging market allocation was based on the David Swensen model which I used in 2010. Should I get out of emerging all at once or gradually? Over what time period? You don't have to get out of it...
by retiredjg
Thu Jan 18, 2018 8:44 am
Forum: Investing - Help with Personal Investments
Topic: 39 year old - Personal investing & Asset Allocation
Replies: 68
Views: 14694

Re: 39 year old - Personal investing & Asset Allocation

1. Do I need to reconsider my stock / bond allocation? I originally had 70% / 30% and now it looks like 79% stocks and 21% bonds. What you need to do is "rebalance" which means bring your stock to bond ratio back to target. It has wandered too far from your target. 70/30 is a reasonable number for ...
by retiredjg
Wed Jan 17, 2018 1:16 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth - help with tax filing situation
Replies: 9
Views: 381

Re: Backdoor Roth - help with tax filing situation

Turns out this is not complicated at all. It's easy once you understand how the forms work. Agree with above information. And do download some forms and pencil through them. What you should finally end up with this this: Her 2017 Form 8606 will document both the contribution and the conversion. Line...
by retiredjg
Wed Jan 17, 2018 12:58 pm
Forum: Investing - Help with Personal Investments
Topic: Target Retirement Funds
Replies: 13
Views: 1546

Re: Target Retirement Funds

(18) WFBIX - iShares US Aggregate Bond Index K would be my choice out of those bonds. If you got the ERs for those funds from your plan (not off the retail internet) and if you will be at your current employer a long time, I'd switch to the individual funds. The savings would be significant enough i...
by retiredjg
Wed Jan 17, 2018 12:52 pm
Forum: Investing - Help with Personal Investments
Topic: rebalancing in a taxable account
Replies: 9
Views: 1066

Re: rebalancing in a taxable account

If you are reinvesting dividends, send the dividends to a bond fund instead. Might help some.
by retiredjg
Wed Jan 17, 2018 12:48 pm
Forum: Investing - Help with Personal Investments
Topic: Diversification
Replies: 8
Views: 385

Re: Diversification

I’m thinking I should trim the stocks exposure and raise cash. This means you are no longer comfortable at 60% stocks and 40% fixed income. That's fine. I have to think this stock market climb cannot continue forever and will likely end painfully for anyone innappropriately overexposed to stocks . ...
by retiredjg
Wed Jan 17, 2018 12:27 pm
Forum: Personal Consumer Issues
Topic: Trying to help acquaintence - medicare costs
Replies: 75
Views: 2618

Re: Trying to help acquaintence - medicare costs

From the online summary, she seems to have zero $ copays for most things. She is paying $322/month - as best I see. For someone like her with large health issues/risks/costs - she is getting a good deal. Do you mean her Medicare Part B premium is included in the $322? Or is there another $134 on to...
by retiredjg
Wed Jan 17, 2018 10:27 am
Forum: Investing - Help with Personal Investments
Topic: Which to Max First: 401k or HSA?
Replies: 13
Views: 759

Re: Which to Max First: 401k or HSA?

Unless you believe you will use it a lot, I'd consider the HSA to be retirement money - so contributing to the HSA is a reasonable substitute for contributing to the 401k. Some people call it a "stealth IRA". The bonus is the HSA money can be used tax free if used for medical bills. With that in min...
by retiredjg
Wed Jan 17, 2018 10:15 am
Forum: Investing - Help with Personal Investments
Topic: 23 Years Old, Uncomfortable with Target Date Funds
Replies: 19
Views: 2025

Re: 23 Years Old, Uncomfortable with Target Date Funds

2. I'm planning on moving out of the Target Date Funds in both my IRA and my 401a. This is for three reasons: I don't see there being any benefit in owning bonds, even 10%, at this age and in the current environment I want to be in control of the US/international Asset Allocation I think I can outp...
by retiredjg
Wed Jan 17, 2018 9:54 am
Forum: Investing - Help with Personal Investments
Topic: Which to Max First: 401k or HSA?
Replies: 13
Views: 759

Re: Which to Max First: 401k or HSA?

I see no reason not to get the match on the HSA. How much do you have to save there to get the full match? After meeting both matches, put the rest in the 401k.

Or is the problem that you are not able to save that much?
by retiredjg
Wed Jan 17, 2018 9:26 am
Forum: Investing - Help with Personal Investments
Topic: Fired my VPA, Portfolio Critique
Replies: 12
Views: 1058

Re: Fired my VPA, Portfolio Critique

With this info do you still think I should invest more into the traditional? Use the extra take home money towards paying the house off or put it into my Vanguard taxable account? If i switch to even half going into the traditional TSP I'm sure I will be maxing it out @ $18.5K. I would not go all R...
by retiredjg
Tue Jan 16, 2018 9:04 am
Forum: Investing - Help with Personal Investments
Topic: Target Retirement Funds
Replies: 13
Views: 1546

Re: Target Retirement Funds

Schwab has two series of target funds - one is made from index funds, the other is not. Which do you have? The Vanguard target fund is a very good choice. The Schwab fund might be an OK choice, not bad but maybe not the best choice in your plan. Or it might be another good choice. What else is avail...
by retiredjg
Mon Jan 15, 2018 6:07 pm
Forum: Investing - Help with Personal Investments
Topic: Fired my VPA, Portfolio Critique
Replies: 12
Views: 1058

Re: Fired my VPA, Portfolio Critique

I think you should be using some traditional TSP. But a person with a pension coming can benefit from using some Roth TSP as well because you may never drop into a very low or even lower tax bracket in retirement. Such was the case for me - I am in the same tax bracket as when working (well, a littl...
by retiredjg
Mon Jan 15, 2018 5:20 pm
Forum: Investing - Theory, News & General
Topic: Asset Allocation Question
Replies: 1
Views: 279

Re: Asset Allocation Question

I'd call it aggressive. Probably too aggressive because I think that 20% bonds is a good minimum for a portfolio to have. Conservative (in my book) would have about 32.5% bonds or more.
by retiredjg
Mon Jan 15, 2018 4:50 pm
Forum: Personal Consumer Issues
Topic: Trying to help acquaintence - medicare costs
Replies: 75
Views: 2618

Re: Trying to help acquaintence - medicare costs

I guess persistence eventually does provide.😉
by retiredjg
Mon Jan 15, 2018 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: [Should I do a Roth conversion?]
Replies: 9
Views: 877

Re: [Should I do a Roth conversion?]

What is the maximum I can (or should) convert into a ROTH yearly? There is no limit. But there are other limits you may not want to pass. I would have about 10 yrs before taking social security benefits; retirement age 60, get SS at age 70. Do I convert it all? If you want and can. Or not. And spre...
by retiredjg
Mon Jan 15, 2018 4:36 pm
Forum: Personal Consumer Issues
Topic: Trying to help acquaintence - medicare costs
Replies: 75
Views: 2618

Re: Trying to help acquaintence - medicare costs

Educate me here. I thought Medicare Advantage programs took the place of Medicare Part B and D, etc. If that is correct, why is she paying for Medicare Part B? Or have I just assumed she is paying for Medicare Part B? Does the fact it is a Medicare Advantage program explain why she does not get EOBs...
by retiredjg
Mon Jan 15, 2018 2:53 pm
Forum: Investing - Help with Personal Investments
Topic: traditional -> roth conversion and trustee transfer in the same year?
Replies: 3
Views: 108

Re: traditional -> roth conversion and trustee transfer in the same year?

You can even do it all at one time if you want. Go from IRA at Betterment to Roth IRA at Vanguard.
by retiredjg
Mon Jan 15, 2018 8:41 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio - Six month review
Replies: 12
Views: 1304

Re: Portfolio - Six month review

My apologies, those numbers are the total of three positions in one of my accounts. 35.2% (401k) VTTVX - Vanguard Target Retirement 2025 (38% domestic stock, 25% foreign stock, 34% bonds) 43.7% (Rollover IRA) FQIFX - Fidelity Freedom Index 2025 (44% domestic stock, 18% foreign stock, 29% bonds) 0.5...
by retiredjg
Sun Jan 14, 2018 4:00 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio - Six month review
Replies: 12
Views: 1304

Re: Portfolio - Six month review

Looks like about 70% stocks and 30% bonds. Is that what you want?
by retiredjg
Sun Jan 14, 2018 3:13 pm
Forum: Investing - Help with Personal Investments
Topic: achieving 4 fund approximation in 403b at fidelity
Replies: 8
Views: 426

Re: achieving 4 fund approximation in 403b at fidelity

New the the forum. I'm trying to come up with an equivalent 3 or 4 fund portfolio in a 403b and a 401a at a previous employer (go trojans). These three make up the total stock market although you can get close just using the 1st and 3rd. https://www.bogleheads.org/wiki/Approximating_total_stock_mar...
by retiredjg
Sun Jan 14, 2018 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: Suggestions for Ideal 401k Fund Lineup
Replies: 11
Views: 631

Re: Suggestions for Ideal 401k Fund Lineup

Employee Fiduciary has consistently gotten positive reviews here for several years. I like the model of the Federal TSP (401k type plan for feds) which is 500 Index Extended Market Index (completes the 500 index) International Index (has been only developed markets but is changing to a total fund in...
by retiredjg
Sun Jan 14, 2018 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: How long do you save tax returns?
Replies: 39
Views: 3113

Re: How long do you save tax returns?

There are things you should not toss. - You need to keep any Forms 8606 (non-deductible contributions to IRA and Roth conversions) if you have any. - You need to keep any records that have to do with how money has gotten into Roth IRA (1099, Form 5498, etc). I keep much more than the most recent ret...
by retiredjg
Sun Jan 14, 2018 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: [Should I do a Roth conversion?]
Replies: 9
Views: 877

Re: [Should I do a Roth conversion?]

Not enough information to help much, but it is often a good idea to do Roth conversions during a time of lower income - say right after retirement and before starting SS if you have other sources of income. There is a lot more to this and it is discussed frequently so keep reading. Not your question...
by retiredjg
Sun Jan 14, 2018 10:53 am
Forum: Investing - Help with Personal Investments
Topic: Merrill Edge best choice for higher net worth accounts?
Replies: 39
Views: 4466

Re: Merrill Edge best choice for higher net worth accounts?

Can I get Vanguard etfs free through them? If this is important to you, remember that TD Ameritrade also HAD free Vanguard ETFs....until they didn't. You cannot assume that Merrill Edge will continue their current practice. They might, they might not. Be sure the other benefits are worth it if they...
by retiredjg
Sun Jan 14, 2018 10:47 am
Forum: Investing - Help with Personal Investments
Topic: How to fix Roth IRA over-contribution? Not eligible for backdoor
Replies: 10
Views: 363

Re: How to fix Roth IRA over-contribution? Not eligible for backdoor

There are two options. Recharacterize to traditional (which you don't want to do) and withdraw/get a return of your contribution before tax day. You can't just withdraw the money yourself. You have to get your custodian to do it so they will code the 1099 properly. Make them understand that you want...
by retiredjg
Sun Jan 14, 2018 10:43 am
Forum: Investing - Help with Personal Investments
Topic: Alternatives to FIVFX at Fidelity
Replies: 15
Views: 1162

Re: Alternatives to FIVFX at Fidelity

I think it is an apples to oranges comparison.

Welcome to the forum!
by retiredjg
Sun Jan 14, 2018 8:30 am
Forum: Investing - Theory, News & General
Topic: What should I own on the bond side ???
Replies: 11
Views: 1596

Re: What should I own on the bond side ???

I have a target 70/30 stock/bond mix (I am 43 years old). I have struggled with the fixed income side of my portfolio for the past couple of years under the idea that since interest rates are zero, bonds prices can ONLY decline..... My bond allocation is making money. Not a lot, but steady. And has...
by retiredjg
Sun Jan 14, 2018 8:18 am
Forum: Personal Finance (Not Investing)
Topic: Individual stocks in an IRA?
Replies: 9
Views: 469

Re: Individual stocks in an IRA?

I don't think that owning stocks in an IRA is uncommon. It may be less common here than "in the wild" because more people here see the increased risk that individual stocks pose. However, a well diversified array of blue chip stocks is probably a good investment as if it does not represent a huge po...
by retiredjg
Sat Jan 13, 2018 5:27 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Tax-Efficient Portfolio for Taxable account
Replies: 5
Views: 468

Re: Help with Tax-Efficient Portfolio for Taxable account

Do you want 80/20 specifically in the taxable account or overall? If you want 80/20 overall, you have picked the wrong target funds to achieve that. Those are probably all at least 90% stock and maybe more.
by retiredjg
Sat Jan 13, 2018 5:09 pm
Forum: Personal Consumer Issues
Topic: Trying to help acquaintence - medicare costs
Replies: 75
Views: 2618

Re: Trying to help acquaintence - medicare costs

My thinking exactly. Her plan may be more expensive than mine and others, but that does not mean she can get good coverage for a whole lot less, especially if she has to add in a Medicare Part D premium as well. One thing that comes to mind. It is unclear if your friend is inexperienced and naive or...
by retiredjg
Sat Jan 13, 2018 4:45 pm
Forum: Personal Consumer Issues
Topic: Trying to help acquaintence - medicare costs
Replies: 75
Views: 2618

Re: Trying to help acquaintence - medicare costs

A good starting place is here: https://www.medicare.gov/supplement-other-insurance/compare-medigap/compare-medigap.html Note there are also Medicare Advantage Plans, which are a different thing entirely. What a wealth of information! And not difficult to understand either. Thanks for the link. I fo...
by retiredjg
Sat Jan 13, 2018 3:58 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab help - mutual fund vs ETF vs ThomasPartners Balanced Income - overwhelmed!
Replies: 18
Views: 861

Re: Schwab help - mutual fund vs ETF vs ThomasPartners Balanced Income - overwhelmed!

The "need" would be emerging markets stocks (including South Korea, and then also the developed market of Canada) as mentioned before. That international index fund covers EAFE. Now if you don't want EM that's fine. I don't disagree. However, I consider Schwab's lineup adequate for people who want ...
by retiredjg
Sat Jan 13, 2018 3:51 pm
Forum: Personal Consumer Issues
Topic: Trying to help acquaintence - medicare costs
Replies: 75
Views: 2618

Re: Trying to help acquaintence - medicare costs

dm200 wrote:
Sat Jan 13, 2018 12:28 pm
Dealing with her is like peeling an onion. BUT - one layer at a time..
I think you must be one fine friend to have taken this on. :happy
by retiredjg
Sat Jan 13, 2018 3:48 pm
Forum: Personal Consumer Issues
Topic: Trying to help acquaintence - medicare costs
Replies: 75
Views: 2618

Re: Trying to help acquaintence - medicare costs

A really good and high priced Medigap/Supplemental insurance plan could come in at $200-$250, and there are plenty of perfectly adequate plans for much less. Where does a person find plans like that? I know that is a dumb question, but I've never had anything except employer provided insurance so I...
by retiredjg
Sat Jan 13, 2018 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: Roth conversion confusion
Replies: 28
Views: 1198

Re: Roth conversion confusion

I got a few more years before I have to face RMD but out of curiosity, why would you want to convert your IRA over a two or three-year period rather than going the RMD route and convert that IRA over a much longer period? I would think RMD taxes would less burdensome. I don't know this poster's mot...
by retiredjg
Sat Jan 13, 2018 10:58 am
Forum: Personal Finance (Not Investing)
Topic: Roth conversion confusion
Replies: 28
Views: 1198

Re: Roth conversion confusion

You will be 70.5 in June of 2020 so 2020 is the first year of your RMD. As I understand it, you get a "grace period" your first year so you could theoretically delay that payment until April 15 of 2021. I don't recommend it because that means you have to take 2 RMDs in the same tax year (2021). Whe...
by retiredjg
Sat Jan 13, 2018 10:56 am
Forum: Personal Finance (Not Investing)
Topic: Roth conversion confusion
Replies: 28
Views: 1198

Re: Roth conversion confusion

livesoft wrote:
Sat Jan 13, 2018 10:50 am
retiredjg wrote:
Sat Jan 13, 2018 10:39 am
You will be 70.5 in June of 2020 ...
June? You mean July right? Nobody born in 1950 can be 70.5 until after June 30th of 2020.
:oops:
by retiredjg
Sat Jan 13, 2018 10:55 am
Forum: Investing - Help with Personal Investments
Topic: Convert i401k to tIRA, then backdoor Roth??
Replies: 3
Views: 263

Re: Convert i401k to tIRA, then backdoor Roth??

You can do either one, but I would pick option 2 myself because it keeps the transactions separate. This will be easier to interpret years down the line when I have forgotten what the heck I was doing.

Remember to keep good records on how every penny gets into your Roth IRA.
by retiredjg
Sat Jan 13, 2018 10:39 am
Forum: Personal Finance (Not Investing)
Topic: Roth conversion confusion
Replies: 28
Views: 1198

Re: Roth conversion confusion

You will be 70.5 in June July of 2020 so 2020 is the first year of your RMD. As I understand it, you get a "grace period" your first year so you could theoretically delay that payment until April 15 of 2021. I don't recommend it because that means you have to take 2 RMDs in the same tax year (2021)....
by retiredjg
Sat Jan 13, 2018 10:29 am
Forum: Investing - Help with Personal Investments
Topic: Schwab help - mutual fund vs ETF vs ThomasPartners Balanced Income - overwhelmed!
Replies: 18
Views: 861

Re: Schwab help - mutual fund vs ETF vs ThomasPartners Balanced Income - overwhelmed!

Lots of good information here. Schwab has more and varied choices in their ETF space, but that is only valuable if it offers something you want that you can't get in a mutual fund. The list of mutual funds suggested by ruralavalon above is all you really need and it is very low cost. If you like mut...
by retiredjg
Sat Jan 13, 2018 9:08 am
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation Revised
Replies: 15
Views: 982

Re: Asset Allocation Revised

Your stock to bond ratio should be dependent on your need and willingness to take risk. I don't think the 3rd component, ability to take risk, has much to do with your situation. Apparently, you are willing to take the risk of 20% stock. Do you have a need to take more risk? If so, it is not indicat...
by retiredjg
Sat Jan 13, 2018 8:29 am
Forum: Investing - Help with Personal Investments
Topic: Help me pick a bond fund
Replies: 19
Views: 1452

Re: Help me pick a bond fund

Lord Abbett Short Duration Income I (LLDYX) (ER 0.40) AB Global Bond I (ANAIX) (ER 0.57) Virtus Seix Total Return Bond I (SAMFX) (ER 0.67; 0.41 net) <--I'd probably use this one PIMCO Real Return Institutional (PRRIX) (ER 0.64; 0.45 net) I like the PIMCO fund too, but I'd have to mix it with someth...
by retiredjg
Sat Jan 13, 2018 5:58 am
Forum: Investing - Help with Personal Investments
Topic: Advice needed on my portfoilo
Replies: 22
Views: 1611

Re: Advice needed on my portfoilo

:happy Impressive. Sounds like you were ready for a change. Good choice on the Bogle book! There are many others that people here like to recommend. If you have not found it already, our Wiki also has information on many aspects of finances and retirement. A good place to start is the "Getting Start...
by retiredjg
Fri Jan 12, 2018 5:31 pm
Forum: Personal Consumer Issues
Topic: Trying to help acquaintence - medicare costs
Replies: 75
Views: 2618

Re: Trying to help acquaintence - medicare costs

Almost certainly this is correct and is a common arrangement. The problem is that she does not understand what she has, why there is a payment deducted from her monthly pension check, where her ID card for the secondary coverage is, and whether or not she is getting her secondary coverage benefits ...
by retiredjg
Fri Jan 12, 2018 10:36 am
Forum: Personal Consumer Issues
Topic: Trying to help acquaintence - medicare costs
Replies: 75
Views: 2618

Re: Trying to help acquaintence - medicare costs

I didn't read every comment fully, so maybe I'm on the wrong track. There is a lot of discussion here about Medicare Advantage plans. I don't think that is what she has. I think a Medicare Advantage plan is something she would buy directly from a private insurance company and she would pay the full ...
by retiredjg
Fri Jan 12, 2018 10:08 am
Forum: Investing - Help with Personal Investments
Topic: Alternatives to 401K
Replies: 14
Views: 918

Re: Alternatives to 401K

I would prefer not to do this with PERA because I am under the impression that they are not necessarily the best investment option. What is not necessarily the best investment option? Are you worried about PERA being shaky? That should not be an issue because your 401k money is held in a safe place...
by retiredjg
Fri Jan 12, 2018 10:02 am
Forum: Investing - Theory, News & General
Topic: Lower tax rates for 7 yrs.-Are you switching to Roth 401K
Replies: 31
Views: 1603

Re: Lower tax rates for 7 yrs.-Are you switching to Roth 401K

luke123 wrote:
Fri Jan 12, 2018 7:38 am
After 2025, we know the tax rates will go back up to the 2017 levels, so you could start contributing more to Traditional 401K.
Unfortunately, we don't know that. In the past, some of these things have been made permanent instead of reverting to previous levels as originally legislated.
by retiredjg
Fri Jan 12, 2018 8:50 am
Forum: Investing - Help with Personal Investments
Topic: Need help in selecting funds for 401K
Replies: 13
Views: 854

Re: Need help in selecting funds for 401K

Your idea is fine. There is no good choice for foreign stocks in your 401k so I'd put that in an IRA or a taxable account if you have one.