Search found 32620 matches

by retiredjg
Fri Jun 22, 2018 6:34 pm
Forum: Investing - Help with Personal Investments
Topic: American Funds 401k Advise
Replies: 32
Views: 2040

Re: American Funds 401k Advise

Probably good to see what the documents actually say before making plans.
by retiredjg
Fri Jun 22, 2018 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: Yet another CP2000 for Roth IRA conversion thread
Replies: 23
Views: 1957

Re: Yet another CP2000 for Roth IRA conversion thread

My conversion does involve non-deductible IRA contributions. Does TT handle that? Are there minefields I need to be aware of? Yes, TT does handle conversions with non-deductible contributions, but it must be done a certain way. Are you at all familiar with that? Do you have your non-deductible IRA ...
by retiredjg
Fri Jun 22, 2018 12:39 pm
Forum: Investing - Help with Personal Investments
Topic: Clueless at 40. Where to begin?
Replies: 12
Views: 1381

Re: Clueless at 40. Where to begin?

I think you should save money in two places - the 457b and a Roth IRA which is NOT at ICMA since the fees there are high. After paying off the 457b loan, fill a Roth IRA first and put the rest in the 457b. I feel as though I’m behind the curve a bit, and I’m not sure which asset allocation would sui...
by retiredjg
Fri Jun 22, 2018 12:28 pm
Forum: Investing - Help with Personal Investments
Topic: Can I break up a 401k->401k rollover into multiple transactions?
Replies: 9
Views: 442

Re: Can I break up a 401k->401k rollover into multiple transactions?

This does not count as your 1 rollover per year. Can't help with the other issues, but if the two companies talk to each other, I'm sure they will figure it out.
by retiredjg
Fri Jun 22, 2018 12:21 pm
Forum: Local Chapters and Bogleheads Community
Topic: Happy Birthday Mel Lindauer
Replies: 20
Views: 908

Re: Happy Birthday Mel

Have a great day, Mel! :D
by retiredjg
Fri Jun 22, 2018 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Does my AGI include my 401k contributions as a deduction?
Replies: 2
Views: 194

Re: Does my AGI include my 401k contributions as a deduction?

Yes. There are a few other things that might come out too. Health insurance that you purchase through work (payroll deduction) or HSA contributions through work are also NOT included in the taxable income box of your W2 (which flows into your AGI). Remember that AGI and MAGI (the number you usually ...
by retiredjg
Fri Jun 22, 2018 12:05 pm
Forum: Investing - Help with Personal Investments
Topic: Morgan Stanley Target date portfolios?
Replies: 22
Views: 1047

Re: Morgan Stanley Target date portfolios?

That's unfortunate, but it is usually reasonable to use such plans anyway, especially for just a few years. :(
by retiredjg
Fri Jun 22, 2018 6:34 am
Forum: Investing - Help with Personal Investments
Topic: 401k Roll Over Into TIRA or ROTH IRA?
Replies: 10
Views: 540

Re: 401k Roll Over Into TIRA or ROTH IRA?

I thought there was a $5500 limit in a backdoor rollover to a Roth but a quick google says there isnt.. that surprised me. The $5,500 limit is for IRA contribution (front door or back door). What you are considering is a Roth conversion which is not the same thing as the "back door" (although it is...
by retiredjg
Thu Jun 21, 2018 7:50 pm
Forum: Personal Finance (Not Investing)
Topic: back door roth ira - is it worth it for me?
Replies: 7
Views: 569

Re: back door roth ira - is it worth it for me?

Most people would say that using the back door to get money into Roth IRA is NOT worth it with a large IRA sitting on the side. Just put the money you want to invest into a taxable account which is almost as good as a Roth account. If you can move your IRA into a 401k type account, the back door mig...
by retiredjg
Thu Jun 21, 2018 12:34 pm
Forum: Investing - Theory, News & General
Topic: VEUSX Time To Sell?
Replies: 17
Views: 684

Re: VEUSX Time To Sell?

The offerings in my 401k are all actively managed, so that is probably part of the reason the international has lagged. I only have a few choices and it turned out the international one was not the best. I think I also have better choices in the open market than VEUSX. I think it was Buffett that s...
by retiredjg
Thu Jun 21, 2018 11:34 am
Forum: Investing - Theory, News & General
Topic: VEUSX Time To Sell?
Replies: 17
Views: 684

Re: VEUSX Time To Sell?

Back to the original question. Should I sell now or let it lag a couple more years and then do it? You should either sell it and replace it with a more complete international fund or sell your entire international holding and never ever buy foreign stocks again, especially when they are doing well....
by retiredjg
Thu Jun 21, 2018 11:23 am
Forum: Investing - Help with Personal Investments
Topic: Feel like I'm sinking money into international
Replies: 28
Views: 1853

Re: Feel like I'm sinking money into international

Every asset class has its day. Like all under-performers, international will be an over-performer in its own time. The way to make money on an asset class is to own it before it does well. That means owning it when it is having is disappointing years as well. If you wait until it is doing well to ho...
by retiredjg
Thu Jun 21, 2018 10:53 am
Forum: Investing - Help with Personal Investments
Topic: American Funds 401k Advise
Replies: 32
Views: 2040

Re: American Funds 401k Advise

I think the first thing to do is ask your employer and/or the custodian of the SIMPLE IRA to provide you with documents related to your enrollment in the plan. I believe there should be a separate document for each year. You think you've never seen the form, but that does not mean you didn't actuall...
by retiredjg
Thu Jun 21, 2018 10:15 am
Forum: Investing - Theory, News & General
Topic: VEUSX Time To Sell?
Replies: 17
Views: 684

Re: VEUSX Time To Sell?

Your comparison of the Eruopean Stock Index to Total Stock index is apples and oranges. No decision should involve what you see in that comparison. The US market is different from the European Market. The fundamental question is whether you want to have an allocation to foreign stocks. If yes, which...
by retiredjg
Thu Jun 21, 2018 9:58 am
Forum: Investing - Help with Personal Investments
Topic: Investing HSA and Backdoor Roth IRA
Replies: 8
Views: 707

Re: Investing HSA and Backdoor Roth IRA

I'd hold the bond funds in the 401k and HSA. I'd hold stock funds in the 401k, Roth IRA, taxable, and HSA (after a buffer amount in bonds).
by retiredjg
Thu Jun 21, 2018 9:54 am
Forum: Forum Issues and Administration
Topic: Server Maintenance - Today June 21, 2018 at 15:45 EDT
Replies: 18
Views: 1211

Re: Server Maintenance - Today June 21, 2018 at 15:45 EDT

Thank Larry. Not just for the notification, but for all you do. :happy
by retiredjg
Thu Jun 21, 2018 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Best books for teens about money/debt/credit cards/power of compounding interest, etc.?
Replies: 9
Views: 769

Re: Best books for teens about money/debt/credit cards/power of compounding interest, etc.?

dratkinson wrote:
Thu Jun 21, 2018 9:20 am
I--The Only Investment Guide You’ll Every Need, Andrew Tobias. Cover personal finance topics.
I vote for this one. Easy read. Easily understandable. Kept me from doing stupid stuff even though I didn't really know it at the time. (Yes, the book has been updated since then.... :happy )
by retiredjg
Thu Jun 21, 2018 9:46 am
Forum: Investing - Theory, News & General
Topic: Does an IPS really need to be 5 pages long to be valuable?
Replies: 54
Views: 2204

Re: Does an IPS really need to be 5 pages long to be valuable?

I think my IPS was about 4 sentences, written on a scrap of paper in case I forgot what my allocation decisions would be. Since I didn't write it till after retirement, some things (like "maintain an emergency fund") were just a given and didn't need to be written down at that stage in my life. An I...
by retiredjg
Thu Jun 21, 2018 9:33 am
Forum: Investing - Help with Personal Investments
Topic: "Never time the market" vs. lump sum investment
Replies: 45
Views: 1919

Re: "Never time the market" vs. lump sum investment

The asset allocation I am interested in is 100% equity.... You say you have no experience so you cannot possibly know what it will feel like for your (let's call it) $1 million to shrink to about $500k over 6 months or so and stay in that neighborhood for a year or so. It is devastating. Many call ...
by retiredjg
Thu Jun 21, 2018 8:45 am
Forum: Investing - Help with Personal Investments
Topic: portfolio checkup - move more money to Roth?
Replies: 12
Views: 1096

Re: portfolio checkup - move more money to Roth?

the current choices are indeed that bad, the only fund that doesn't have a front load is the money market fund.... Front end loads are frequently waived inside a 401k. In fact, it seems to be the rule, rather than the exception. So check your plan documents look again. Getting some better funds off...
by retiredjg
Thu Jun 21, 2018 8:35 am
Forum: Investing - Theory, News & General
Topic: Factor Investing Makes Someone Money, But Maybe Not You
Replies: 55
Views: 3272

Re: Factor Investing Makes Someone Money, But Maybe Not You

Thanks Rick!

This may be the most important post of the year!
by retiredjg
Thu Jun 21, 2018 8:29 am
Forum: Investing - Help with Personal Investments
Topic: "Never time the market" vs. lump sum investment
Replies: 45
Views: 1919

Re: "Never time the market" vs. lump sum investment

Might work. Might not. There are people right now sitting on the sidelines. The problem is they have been there FOR YEARS. Have you noticed what the market has done in the last 10 years? They have missed all that. If you wait for the next market crash, you may be doing the same. Just get in the mark...
by retiredjg
Thu Jun 21, 2018 7:23 am
Forum: Investing - Help with Personal Investments
Topic: help, inheritance of $3.5M, read & read BogleH, & still in the dark
Replies: 26
Views: 3183

Re: help, inheritance of $3.5M, read & read BogleH, & still in the dark

Another caution about the $1 million house (unless you already live in San Francisco or similar). If your income will only be about $100k (with maybe 20% of that going to taxes), you may find the expenses of a $1m house to be burdensome. I don't see any need to find a new bank if you are happy with ...
by retiredjg
Thu Jun 21, 2018 5:39 am
Forum: Investing - Help with Personal Investments
Topic: Investment Help Retirement implications
Replies: 23
Views: 1444

Re: Investment Help Retirement implications

mdshumaker, there are many old discussions of FEHB and Medicare. You can find them by using the google search box above. I have the lower tier BCBS and Medicare Part B only. So far I have no medical costs at all, not even co-pays for visits. I do pay co-pays on prescriptions - my only medical expense.
by retiredjg
Wed Jun 20, 2018 6:13 pm
Forum: Investing - Help with Personal Investments
Topic: 401k Roll Over Into TIRA or ROTH IRA?
Replies: 10
Views: 540

Re: 401k Roll Over Into TIRA or ROTH IRA?

Rolling $200k to Roth would add $200k to your taxable income. That pretty much eliminates the possibility of being in a low tax bracket. This is probably not a good idea.
by retiredjg
Wed Jun 20, 2018 4:42 pm
Forum: Investing - Help with Personal Investments
Topic: Target Date Fund in Taxable / Large Unrealized Gain Question
Replies: 11
Views: 683

Re: Target Date Fund in Taxable / Large Unrealized Gain Question

I think the place to start this decision is just how much this costs you in taxes each year. If you've held this for awhile, you know what income you enter on your tax form that is attributable to this fund. Some will be taxed at the capital gains rate and some at your ordinary rate. Look on your ta...
by retiredjg
Tue Jun 19, 2018 7:02 pm
Forum: Investing - Theory, News & General
Topic: Advice on Roth conversions
Replies: 19
Views: 1296

Re: Advice on Roth conversions

If the $70k comes from a savings account, there is probably no taxable income from that. If the $70k comes from investments, some of it could be taxable. I don't think this will make a large difference, but I think you should keep it in mind if you are trying to run up against a very specific limit....
by retiredjg
Tue Jun 19, 2018 6:04 pm
Forum: Investing - Theory, News & General
Topic: Advice on Roth conversions
Replies: 19
Views: 1296

Re: Advice on Roth conversions

Thanks. It was confusing because your title asks about Roth conversions but the body of the post is all about getting taxed on LTCG. I could not make sense of it. Roth conversions would be nice in a low income environment, but I believe you have correctly identified the real threat - $1.1M in one st...
by retiredjg
Tue Jun 19, 2018 5:50 pm
Forum: Investing - Help with Personal Investments
Topic: Contribute to both 403(b) and 457(b)?
Replies: 60
Views: 2887

Re: Contribute to both 403(b) and 457(b)?

It is very easy for new people to be lost in a sea of details. This does not last forever. :happy
by retiredjg
Tue Jun 19, 2018 5:27 pm
Forum: Investing - Help with Personal Investments
Topic: Back-Door Roth and Rolling TIRA to 401(k) Sequencing
Replies: 5
Views: 382

Re: Back-Door Roth and Rolling TIRA to 401(k) Sequencing

The law allows you do do the "back door roth" before you move the tIRA into the 401k. However, I would not do it because if something goes awry, it cannot be fixed under the new tax law. No sense in even taking that chance because little is to be gained from it anyway.

Patience.
by retiredjg
Tue Jun 19, 2018 4:49 pm
Forum: Investing - Theory, News & General
Topic: Advice on Roth conversions
Replies: 19
Views: 1296

Re: Advice on Roth conversions

I'm finding it hard to understand what you want to do. It is unclear just where that stock is - Taxable? IRA? Both? Are you interested in doing Roth conversions or are you interested in selling company stock which is in a taxable account? Or are you asking about both? If the stock you want to get ri...
by retiredjg
Tue Jun 19, 2018 4:12 pm
Forum: Investing - Help with Personal Investments
Topic: Contribute to both 403(b) and 457(b)?
Replies: 60
Views: 2887

Re: Contribute to both 403(b) and 457(b)?

That's right - given the default contribution this does not specifically apply to me directly. But if the guidance was not to contribute any more than the minimum required to get the match, i was wondering as to what it means to my situation and so wanted to check There are at least 3 schools of th...
by retiredjg
Tue Jun 19, 2018 9:52 am
Forum: Investing - Help with Personal Investments
Topic: Morgan Stanley Target date portfolios?
Replies: 22
Views: 1047

Re: Morgan Stanley Target date portfolios?

I asked for a list of index funds. He came back with this: "I would suggest that the average net expense ratio of 0.65% or 0.64% is very reasonable and cost effective for a combination of active and passive managers, and a diversified portfolio. Combine that with the 0.72% advisory fee (Morgan Stan...
by retiredjg
Tue Jun 19, 2018 9:44 am
Forum: Investing - Help with Personal Investments
Topic: Investment Help Retirement implications
Replies: 23
Views: 1444

Re: Investment Help Retirement implications

Makes it hard to retire when I finally can save some money. It does not appear to me that you need to save any more money. In fact, you may already have too much in tax-deferred accounts. I need portfolio review - I'm scared to retire and scared to lose money and scared to spend the money I've save...
by retiredjg
Tue Jun 19, 2018 9:01 am
Forum: Investing - Help with Personal Investments
Topic: Investment Help Retirement implications
Replies: 23
Views: 1444

Re: Investment Help Retirement implications

I think you have more than enough money to retire. And it sounds like you really need to. This job is clearly affecting your outlook on life and probably your health. Likely even your heart.... :( I think your husband could probably retire as well if he wants, but that is less clear and since you ha...
by retiredjg
Tue Jun 19, 2018 7:12 am
Forum: Investing - Help with Personal Investments
Topic: Contribute to both 403(b) and 457(b)?
Replies: 60
Views: 2887

Re: Contribute to both 403(b) and 457(b)?

Without going back and reading the entire thread.... sman09, CyclingDuo is pointing out something that you probably don't realize. This is a long thread and you have a number of other threads as well. Your information is all over the place. :happy For that reason, it is getting harder and harder to...
by retiredjg
Tue Jun 19, 2018 6:58 am
Forum: Investing - Help with Personal Investments
Topic: Contribute to both 403(b) and 457(b)?
Replies: 60
Views: 2887

Re: Contribute to both 403(b) and 457(b)?

The Prioritizing investments wiki (https://www.bogleheads.org/wiki/Prioritizing_investments) says: "Contribute to the work-based plan (401(k), 403b,) enough to get the full employer match (the match is like free money, your best possible investment)," does the "enough to get the full employer match...
by retiredjg
Tue Jun 19, 2018 6:50 am
Forum: Investing - Help with Personal Investments
Topic: Morgan Stanley Target date portfolios?
Replies: 22
Views: 1047

Re: Morgan Stanley Target date portfolios?

The plan is now to ask for what index funds are available to see if I can get away with a lower net ER using 3 funds. This is likely going to be your best option. If there is not a good bond index fund, you may have to explore further for a good bond fund or a stable value fund as a substitute. It ...
by retiredjg
Tue Jun 19, 2018 6:45 am
Forum: Investing - Theory, News & General
Topic: mega backdoor Roth -- why not stay in the roth 401(k)
Replies: 14
Views: 1171

Re: mega backdoor Roth -- why not stay in the roth 401(k)

So the advantage of doing this instead of rolling out to a Roth IRA is that I get...the ability to pull funds if I separate at age 55. You largely have this ability anyway. The after-tax money rolled out to Roth does not have a 5 year clock on it. It does "sit behind" the money that was taxed at th...
by retiredjg
Mon Jun 18, 2018 7:54 pm
Forum: Investing - Theory, News & General
Topic: mega backdoor Roth -- why not stay in the roth 401(k)
Replies: 14
Views: 1171

Re: mega backdoor Roth -- why not stay in the roth 401(k)

What is the tax situation for funds left in the after-tax plan? It sounds like it's more similar to a non-deductible traditional IRA. I suppose the earnings would be taxed coming out if left there, just like a non-deductible IRA? And so the purpose of rolling to a Roth is to avoid that? Yes. Leavin...
by retiredjg
Mon Jun 18, 2018 5:36 pm
Forum: Investing - Help with Personal Investments
Topic: Can I do both backdoor Roth and mega backdoor Roth?
Replies: 4
Views: 413

Re: Can I do both backdoor Roth and mega backdoor Roth?

Yes you can. But you need to make sure that the earnings in the after tax account of your 40Xx go into the Roth IRA, not into tIRA. Anything going into tIRA has the potential of messing up or ordinary back door.
by retiredjg
Mon Jun 18, 2018 4:49 pm
Forum: Investing - Help with Personal Investments
Topic: Contribute to both 403(b) and 457(b)?
Replies: 60
Views: 2887

Re: Contribute to both 403(b) and 457(b)?

Some jobs are exempt from SS. I don't know why....maybe because of the pension coming. Teachers seem to be in this group a lot.

If you pay into SS, you will get SS. It will be part of your taxable income in retirement.
by retiredjg
Mon Jun 18, 2018 4:41 pm
Forum: Investing - Help with Personal Investments
Topic: New to VG. Tax hit on trsfr of proprietary fund?
Replies: 9
Views: 561

Re: New to VG. Tax hit on trsfr of proprietary fund?

You may be in a low enough tax bracket that there will be little to no tax. Depending on how much the gains (if any) add to your taxable income, the short term gains should be taxed at 12% and the long term gains taxed at 0%. You have not given us a lot to work with - this is my best guess. Well, if...
by retiredjg
Mon Jun 18, 2018 3:26 pm
Forum: Investing - Help with Personal Investments
Topic: Morgan Stanley Target date portfolios?
Replies: 22
Views: 1047

Re: Morgan Stanley Target date portfolios?

You'll pay the net ER. Unless it changes. Yes, that is a high price to pay. If you are invested in this plan for a long time, the difference in the cost of the funds could be significant. It could be better to use individual funds instead. This is not that hard if the costs are significantly differe...
by retiredjg
Mon Jun 18, 2018 3:14 pm
Forum: Investing - Help with Personal Investments
Topic: Contribute to both 403(b) and 457(b)?
Replies: 60
Views: 2887

Re: Contribute to both 403(b) and 457(b)?

Do you contribute to SS now, out of every paycheck?

Do you have a history of jobs where you contribute to SS?

What about your spouse?
by retiredjg
Mon Jun 18, 2018 1:22 pm
Forum: Investing - Help with Personal Investments
Topic: Traditional IRA to Roth
Replies: 5
Views: 535

Re: Traditional IRA to Roth

There is no automatic need to do anything with the traditional IRA. It can sit.

If you feel the need to do something, you could roll it into a 401k or other work plan. I would not do that unless the work plan is a good one (meaning low cost).
by retiredjg
Mon Jun 18, 2018 1:15 pm
Forum: Investing - Help with Personal Investments
Topic: Contribute to both 403(b) and 457(b)?
Replies: 60
Views: 2887

Re: Contribute to both 403(b) and 457(b)?

also, what exactly were you referring by "Roth IRA or Roth 403b/457 for the rest. Let's say you plan to save $23k in a year. I'd put about $15k into tax deferred 457b and put the remaining $8k into Roth IRA or Roth 403b. Or you could split the numbers differently if you want. If your employer's con...
by retiredjg
Mon Jun 18, 2018 11:02 am
Forum: Investing - Theory, News & General
Topic: mega backdoor Roth -- why not stay in the roth 401(k)
Replies: 14
Views: 1171

Re: mega backdoor Roth -- why not stay in the roth 401(k)

foo.c wrote:
Mon Jun 18, 2018 10:23 am
Some plans allow in service distributions if you are over 59.5.
This is correct, but our poster has already indicated a younger age than that. But I could have worded that better. :happy
by retiredjg
Mon Jun 18, 2018 10:03 am
Forum: Investing - Help with Personal Investments
Topic: Next Steps for Single 34 Year Old with Savings and Roth IRA (VASGX)
Replies: 37
Views: 3036

Re: Next Steps for Single 34 Year Old with Savings and Roth IRA (VASGX)

With no plan at work, I'd suggest that you consider using a combination of traditional IRA (which would decrease your taxable income) and a taxable account (which would be after-tax money) for your retirement savings. Fill the traditional IRA with $5,500 and put everything else into taxable. Keep so...
by retiredjg
Mon Jun 18, 2018 9:37 am
Forum: Investing - Theory, News & General
Topic: mega backdoor Roth -- why not stay in the roth 401(k)
Replies: 14
Views: 1171

Re: mega backdoor Roth -- why not stay in the roth 401(k)

BTW...money in Roth 401k CANNOT be rolled anywhere as long as you are still working for that employer. Edit. Let me clarify. Money that is part of a person's elective deferrals (the $18.5k) must stay in the 401k (even the designated Roth 401k account) until separation or 59.5 if the plan allows with...