Search found 32 matches

by JohnML
Fri Oct 02, 2020 10:35 am
Forum: Personal Investments
Topic: Can I approximate Total US Stock Market with these?
Replies: 7
Views: 689

Re: Can I approximate Total US Stock Market with these?

pkcrafter wrote: Thu Oct 01, 2020 5:23 pm Approximating total stock market using R-1000 and R-2500...

Previous post on this topic -

viewtopic.php?t=153351


Paul
Thanks!
by JohnML
Fri Oct 02, 2020 10:31 am
Forum: Personal Investments
Topic: Can I approximate Total US Stock Market with these?
Replies: 7
Views: 689

Re: Can I approximate Total US Stock Market with these?

Your answer is here. This was in 2018, so the numbers might be a little different now, but 92% and 8% is close enough. In fact, I'd use 90% and 10% and call it good. Investing is not precise. https://www.bogleheads.org/wiki/Approximating_total_stock_market Thanks for the wiki link! My search skills...
by JohnML
Thu Oct 01, 2020 4:52 pm
Forum: Personal Investments
Topic: Can I approximate Total US Stock Market with these?
Replies: 7
Views: 689

Can I approximate Total US Stock Market with these?

There are two index funds in my 401K that I am trying to use to create a reasonable approximation of the total US stock market. All available funds in this 401K are Collective Investment Funds so no ticker symbols. According to the information sheets each fund’s goal is to perform like it’s underlyi...
by JohnML
Thu Sep 24, 2020 10:41 am
Forum: Personal Finance (Not Investing)
Topic: 401k Rollover Procedural Question
Replies: 6
Views: 434

Re: 401k Rollover Procedural Question

My MIL is rolling her deceased husband’s 401k, of which she is the beneficiary, into an IRA in her own name at Fidelity. She wants to name her own beneficiaries which she cannot do as long as the money is in her husband’s old 401k. She will also receive a more favorable RMD factor with it being her...
by JohnML
Tue Sep 15, 2020 10:47 pm
Forum: Personal Finance (Not Investing)
Topic: 401k Rollover Procedural Question
Replies: 6
Views: 434

Re: 401k Rollover Procedural Question

Wasn't there a August 31, 2020 deadline to return a 2020 RMD? Thanks, I read about the deadline right after the meeting with the 401k custodian. I was not prepared for the way the 401k custodian needed to process the rollover and I was ignorant of the special rules for returning RMDs. I was hoping ...
by JohnML
Tue Sep 15, 2020 10:34 pm
Forum: Personal Finance (Not Investing)
Topic: 401k Rollover Procedural Question
Replies: 6
Views: 434

Re: 401k Rollover Procedural Question

Sounds reasonable to me. There are 3 buckets: Pre-rax 401k $, post-tax 401K $, and RMD $. It's up to your MIL to do whatever she wants with those three buckets. When she rolls the RMD $ back into the IRA, make sure it's clearly stated to Fidelity that it is a re-capture of a RMD. "Maybe the custodi...
by JohnML
Tue Sep 15, 2020 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: 401k Rollover Procedural Question
Replies: 6
Views: 434

401k Rollover Procedural Question

My MIL is rolling her deceased husband’s 401k, of which she is the beneficiary, into an IRA in her own name at Fidelity. She wants to name her own beneficiaries which she cannot do as long as the money is in her husband’s old 401k. She will also receive a more favorable RMD factor with it being her ...
by JohnML
Mon Feb 10, 2020 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: Not understanding RMD divisor change
Replies: 20
Views: 2478

Re: Not understanding RMD divisor change

The 401k administrator finally replied back with a correction. The new RMD works out to be an 8.6 factor which appears correct for her age (will be 83). This works out to be a much more palatable RMD. No explanation of the reason for the error was given. They said in the email she could call with an...
by JohnML
Tue Jan 28, 2020 6:29 pm
Forum: Personal Finance (Not Investing)
Topic: Not understanding RMD divisor change
Replies: 20
Views: 2478

Re: Not understanding RMD divisor change

I am still waiting for an answer from the 401K administrator. They initially said they would respond within 5 business days, which they did, but only to say they needed another 5 business days to "research". After 5 more days again the response was they needed another 5 days. This time they have no...
by JohnML
Tue Jan 28, 2020 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: Not understanding RMD divisor change
Replies: 20
Views: 2478

Re: Not understanding RMD divisor change

I am still waiting for an answer from the 401K administrator. They initially said they would respond within 5 business days, which they did, but only to say they needed another 5 business days to "research". After 5 more days again the response was they needed another 5 days. This time they have not...
by JohnML
Mon Jan 06, 2020 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: Not understanding RMD divisor change
Replies: 20
Views: 2478

Re: Not understanding RMD divisor change

Alan, are the RMD rules for inherited spousal 401Ks the same as for inherited spousal IRAs? I was trying to see how that incorrect divisor was obtained and then assumed the company knew what it was doing. Yes, they are the same, except that the surviving spouse cannot default to 401k ownership by f...
by JohnML
Mon Jan 06, 2020 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Not understanding RMD divisor change
Replies: 20
Views: 2478

Re: Not understanding RMD divisor change

Why didn't she roll it over into her own IRA, name new beneficiaries and get a longer stretch? Why didn't the lawyer handling her husband's estate advise her to do this? Great questions... All I can say is we (her daughters and me) did not get involved with her finances until about 2 years ago when...
by JohnML
Mon Jan 06, 2020 12:23 am
Forum: Personal Finance (Not Investing)
Topic: Not understanding RMD divisor change
Replies: 20
Views: 2478

Not understanding RMD divisor change

My 82-year-old mother-in-law is the beneficiary of her husband’s 401k. He died in 1998 at the age of 65. For 2020 she just received notification that the RMD will be calculated using a divisor of 3.4. In 2019, the RMD from this account was calculated using a divisor of 9.1. In 2018, the divisor was ...
by JohnML
Thu Dec 19, 2019 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Roth conversion... from 30,000 ft is it worth it for me?
Replies: 15
Views: 1300

Re: Roth conversion... from 30,000 ft is it worth it for me?

Thanks to everyone who replied. This forum has always been helpful to me when I've had to ask a question. Most of the time I can find my answer from searching, but I like to get some better opinions whenever I make what is, for me, a scary change. I decided to bite the bullet and convert around 16K ...
by JohnML
Tue Dec 17, 2019 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: Roth conversion... from 30,000 ft is it worth it for me?
Replies: 15
Views: 1300

Roth conversion... from 30,000 ft is it worth it for me?

Will it really make much difference whether I do or don’t convert some money from traditional IRAs to Roth IRA? I have been tracking income all year long with a goal to convert whatever I could to Roth while remaining in our current tax bracket (12%). But now I wonder if it even makes sense to spend...
by JohnML
Sat May 18, 2019 11:33 pm
Forum: Personal Investments
Topic: 81 year old needs rollover fund advice
Replies: 15
Views: 1030

Re: 81 year old needs rollover fund advice

The sore thumb that sticks out is the $1.2 Million in company stock. She should immediately sell 90% or more of that stock and get into more diversified investments like a Total US Stock Market fund. Or perhaps a good balanced fund. If mother-in-law was a fiduciary for someone else's money and had ...
by JohnML
Sat May 18, 2019 11:27 pm
Forum: Personal Investments
Topic: 81 year old needs rollover fund advice
Replies: 15
Views: 1030

Re: 81 year old needs rollover fund advice

Ok. So, she feels like selling company stock and going to 0% risk. In that case, I would suggestion a single life strategy fund, maybe Vanguard conservative or moderate growth. She will get some exposure to stock but the fluctuations should be much less than if she was watching the roller coaster o...
by JohnML
Sat May 18, 2019 11:19 pm
Forum: Personal Investments
Topic: 81 year old needs rollover fund advice
Replies: 15
Views: 1030

Re: 81 year old needs rollover fund advice

One thing comes to mind is that NCUA only covers up to $250K per credit union. Her deposit amount is above the coverage limit. Example portfolio: Taxable account at Vanguard: $50k Vanguard Federal Money Market $269K Vanguard Tax Managed Balanced $180k BIV (Intermediate Term Bond ETF) $250K credit u...
by JohnML
Sat May 18, 2019 11:03 pm
Forum: Personal Investments
Topic: 81 year old needs rollover fund advice
Replies: 15
Views: 1030

Re: 81 year old needs rollover fund advice

Looks like she has almost $750k in cash and cash like instruments (CDs). At a finger-in-the-air estimate of $50k per year expenses, she is going to be fine for the next 15 years easily, and therefore a 60:40 portfolio allocation is not unreasonable. Aggressive for her age, yes. The misalignment I s...
by JohnML
Sat May 18, 2019 10:58 pm
Forum: Personal Investments
Topic: 81 year old needs rollover fund advice
Replies: 15
Views: 1030

Re: 81 year old needs rollover fund advice

She is 81 and has 1.2M in a 401K invested in a fund that is 100% company stock. This 401K is nearly all tax-deferred and she is taking RMDs. The 401K is her deceased husband’s and she is the beneficiary. We are planning to roll this over to an inherited IRA so she can designate beneficiaries. Also,...
by JohnML
Sat May 18, 2019 12:32 am
Forum: Personal Investments
Topic: 81 year old needs rollover fund advice
Replies: 15
Views: 1030

81 year old needs rollover fund advice

I am helping my mother-in-law with her investments and need advice on a fund for her to use for an IRA rollover. She is 81 and has 1.2M in a 401K invested in a fund that is 100% company stock. This 401K is nearly all tax-deferred and she is taking RMDs. The 401K is her deceased husband’s and she is ...
by JohnML
Mon Mar 12, 2018 6:54 pm
Forum: Personal Investments
Topic: MIL needs to do something with FIL's 401K
Replies: 5
Views: 866

Re: MIL needs to do something with FIL's 401K

Thanks everyone. I believe we are going to do a trustee to trustee to an IRA in her name. Then she can add the right beneficiaries. There is no option to do that inside the company's 401K. She missed the boat on NUA as all the triggering events were decades ago.
by JohnML
Sat Mar 10, 2018 2:08 pm
Forum: Personal Investments
Topic: MIL needs to do something with FIL's 401K
Replies: 5
Views: 866

Re: MIL needs to do something with FIL's 401K

I found the right IRS table for the RMD and 9.7 is correct. Publication 590-B Table I (Single Life Expectancy)
by JohnML
Sat Mar 10, 2018 12:04 pm
Forum: Personal Investments
Topic: MIL needs to do something with FIL's 401K
Replies: 5
Views: 866

MIL needs to do something with FIL's 401K

Just now in the last few weeks my 80 year old MIL has begun to reveal details of her financial situation to her 2 daughters. FIL died 20 years ago and she is the beneficiary of his 401K which is invested 100% in company stock current value 1.75M (I know :( ). She has never touched the account other ...
by JohnML
Fri Jul 14, 2017 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: PersonalCapital.com help
Replies: 22
Views: 2863

Re: PersonalCapital.com help

munemaker wrote:
Hockey10 wrote:
rgs92 wrote:One error it does have is that it assumes your pension adjusts for inflation. If you pension does not adjust for inflation, it overstates the results.
That is good to know. Where did you find this information?
by JohnML
Fri Jul 14, 2017 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: PersonalCapital.com help
Replies: 22
Views: 2863

Re: PersonalCapital.com help

Zillow has the house next door to mine valued at $154k right now and it just sold in May for $175k. They have also arbitrarily changed the number of bathrooms on all of the houses in my neighborhood to 1. Most have 3. My house is probably 30-40k undervalued on Zillow.
by JohnML
Tue Feb 24, 2015 10:29 pm
Forum: Personal Investments
Topic: Within sight of retirement, need to make changes
Replies: 8
Views: 2156

Re: Within sight of retirement, need to make changes

Your portfolio seems complicated to me. You have a lot of accounts and seem to have different investment styles in each. I would look to simply by putting all of her IRAs at Fido (since she apparently wants to stay with them), and move all of your IRAs and your 401k into IRAs at Vanguard. That will...
by JohnML
Tue Feb 24, 2015 10:12 pm
Forum: Personal Investments
Topic: Within sight of retirement, need to make changes
Replies: 8
Views: 2156

Re: Within sight of retirement, need to make changes

I thought you were targeting 70/30 - not 75/25 as proposed above. If you want to retire in 2016, a 75/25 portfolio sounds pretty risky to me. Especially in light of the fact that the stock indexes are at an all time high; that means there is more downside potential than upside - although who knows ...
by JohnML
Mon Feb 23, 2015 5:37 pm
Forum: Personal Investments
Topic: Within sight of retirement, need to make changes
Replies: 8
Views: 2156

Re: Within sight of retirement, need to make changes

Thanks for your help Duckie. This process is really helping me to understand what I have before I make any changes. - I will check out the Fidelity funds you mentioned (and the corresponding Vanguard funds for me). - My question about rolling my old 401(K) and IRAs into my current 401(K) is because ...
by JohnML
Sun Feb 22, 2015 1:07 pm
Forum: Personal Investments
Topic: Within sight of retirement, need to make changes
Replies: 8
Views: 2156

Within sight of retirement, need to make changes

I am getting closer to retirement an believe I may have too much risk in my portfolio and I'd like to start moving to a better asset allocation based on Boglehead principles. Until I really started doing the work to figure out when I could retire, I assumed it was much farther out in the future. Sin...
by JohnML
Sun Feb 08, 2015 10:51 pm
Forum: Personal Finance (Not Investing)
Topic: Cash or Keep Small Life Insurance Policy
Replies: 7
Views: 750

Re: Cash or Keep Small Life Insurance Policy

Thanks to all who took their time to respond. Your comments led me to go digging through some old annual reports. I found that the policy will terminate in 2023 when I turn 65 (it was a 40 year policy). The premium payment is actually $111 per year and remains that for the life of the policy. The co...
by JohnML
Sun Feb 08, 2015 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: Cash or Keep Small Life Insurance Policy
Replies: 7
Views: 750

Cash or Keep Small Life Insurance Policy

I just discovered the Bogleheads a couple of months ago and am beginning to get my financial situation in line. I am clearing up some odds and ends first and hope to get advice on a life insurance policy I've had for years. I am 56 years old and looking to shed life insurance as my need has declined...