Search found 209 matches

by johnra
Thu Feb 04, 2021 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Planning for Child with Disability
Replies: 19
Views: 1163

Re: Planning for Child with Disability

My daughter is age 30, her disability is cognitive not physical and here are some things i have learned in addition to all that was said above about SSI, keeping assets below 2K, keeping ABLE below 100K and aligning SNT so as not to conflict with government supports. The keywords as the child reache...
by johnra
Sat Aug 01, 2020 4:42 pm
Forum: Personal Investments
Topic: Yet Another University of California retirement savings thread
Replies: 45
Views: 5614

Re: Yet Another University of California retirement savings thread

The after-tax DCP plan is nice way to accumulate in Roth space. Realizing that most of my savings are in tax deferred accounts, about 5 years ago I started contributing to this each month and rolling over to my Roth. I wish I had done this earlier. I evidently didn't do this correctly; for the payc...
by johnra
Sat Feb 15, 2020 9:18 pm
Forum: Personal Finance (Not Investing)
Topic: How to make Fidelity 2% Cash Back Visa show up in wife's Fidelity account list?
Replies: 13
Views: 1281

Re: How to make Fidelity 2% Cash Back Visa show up in wife's Fidelity account list?

After signing in, click "customize" near the top left (just under the Trade tab), then click "Account Groups", then scroll to the Visa account, and unclick "Hide this account"
by johnra
Fri Jan 24, 2020 11:00 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1824
Views: 269751

Re: Fidelity as a one stop shop

My wife and I do essentially everything at Fidelity. We have direct deposit, debit, credit and checking. But they are all tied to our investment account, there is no CMA. The cash balance is about 6 months savings, essentially our emergency fund, and sits in SPAXX, which is earning about 1.4% inter...
by johnra
Mon Jan 20, 2020 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: Why retire?
Replies: 267
Views: 17581

Re: Why retire?

Here are the reasons I have a retirement countdown clock: No more worries about losing job, downsizing, or the latest consultant "hot" trend of the year No more Icebreakers to get to know people (This alone is worth retiring) No more getting in a plane, train, car, unless I want to No mor...
by johnra
Sun Jan 19, 2020 3:54 am
Forum: Personal Finance (Not Investing)
Topic: Why retire?
Replies: 267
Views: 17581

Re: Why retire?

To me the goal should not be "retirement" but "the choice to retire or to work or to do some individually customized combination of the two." When we reached FI, it changed my whole mindset. It changes the things you will put up with, the people you suck up to versus peaceably i...
by johnra
Sun Jan 19, 2020 2:55 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1824
Views: 269751

Re: Fidelity as a one stop shop

My wife and I do essentially everything at Fidelity. We have direct deposit, debit, credit and checking. But they are all tied to our investment account, there is no CMA. The cash balance is about 6 months savings, essentially our emergency fund, and sits in SPAXX, which is earning about 1.4% intere...
by johnra
Tue Dec 31, 2019 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: SECURE Act - Special Needs Trusts
Replies: 51
Views: 5137

Re: SECURE Act - Special Needs Trusts

Yes, I am starting to see and am reading more about these and I really appreciate your insights
by johnra
Tue Dec 31, 2019 12:35 am
Forum: Personal Finance (Not Investing)
Topic: SECURE Act - Special Needs Trusts
Replies: 51
Views: 5137

Re: SECURE Act - Special Needs Trusts

I may be missing the point of this excellent discussion: In light of the SECURE Act, does it make more financial sense to fund a SNT with after-tax (non-IRA) or pre-tax (IRA) assets? In our case, the SNT is created just in case monies are needed, but it is not clear that they are? If the IRA is tran...
by johnra
Mon Dec 30, 2019 10:22 am
Forum: Personal Finance (Not Investing)
Topic: SECURE Act - Special Needs Trusts
Replies: 51
Views: 5137

Re: SECURE Act - Special Needs Trusts

...I appreciate Johnra's point about simplicity. Are you still using a trust structure for her, but just not feeding any IRA monies into it?... Yes, my wife's and my current revocable trust will become an irrovocable trust when one of us dies, and then the last one dies, the assets will fund our da...
by johnra
Sun Dec 29, 2019 8:22 pm
Forum: Personal Finance (Not Investing)
Topic: SECURE Act - Special Needs Trusts
Replies: 51
Views: 5137

Re: SECURE Act - Special Needs Trusts

My wife and I are planning on funding our disabled daughter's SNT with monies from life insurance and taxable assets up to a defined limit, but not from our IRAs. The remaining assets and our IRAs will be divided amongst our non-disabled children. One principle I am learning now that I am managing m...
by johnra
Sun Dec 08, 2019 12:55 pm
Forum: Personal Investments
Topic: Tax deferred account too small
Replies: 13
Views: 1634

Re: Tax deferred account too small

I don't see a problem--you want bonds in your taxable account. They're fine--They provide a stable basket and in addition, when you need cash, you can decide from which basket to take it.
by johnra
Sun Nov 10, 2019 10:12 am
Forum: Personal Investments
Topic: CalPERS - Are there additional ways to increase retirement savings?
Replies: 13
Views: 1285

Re: CalPERS - Are there additional ways to increase retirement savings?

Inquire about after-tax DCP? I have this in my UC benefits. It allows after-tax contributions (up to 55K) that can be rolled directly into a Roth. You don't want growth in the DCP because gains are taxable, you just want it as a vehicle to get it into a Roth. I put my DCP contribution into a savings...
by johnra
Fri Oct 04, 2019 1:31 am
Forum: Personal Investments
Topic: PIMIX Income Fund expense ratio . . . . what?!?!?
Replies: 14
Views: 2043

Re: PIMIX Income Fund expense ratio . . . . what?!?!?

1.05 is a bargain--The ER for PONAX (the class A version of PIMIX) is 1.45%.
by johnra
Sun Sep 15, 2019 1:15 pm
Forum: Personal Investments
Topic: what should I be doing with my after-tax 401k contributions?
Replies: 30
Views: 2522

Re: what should I be doing with my after-tax 401k contributions?

I put my after-tax contributions into a ~2% savings and then rollover to my Roth right away each month. There is no tax advantage to having growth in an after-tax plan, in fact growth would be better in a taxable account where it would be taxed as long term gains rather than taxable income.
by johnra
Sat Aug 31, 2019 9:08 pm
Forum: Personal Finance (Not Investing)
Topic: Not sure what to do
Replies: 25
Views: 2662

Re: Not sure what to do

Since one way or another you will be leaving your current job, take time off now and look around. You are most competitive to be hired by someone else while still employed--shop around, find out your marketability, and you might found a few great opportunities. This way, you are in a good position t...
by johnra
Sat Jul 27, 2019 1:02 pm
Forum: Investing - Theory, News & General
Topic: Should my retirement portfolio be considered separate from my taxable funds?
Replies: 35
Views: 4154

Re: Should my retirement portfolio be considered separate from my taxable funds?

I say you should regard these as two portfolios or buckets. One is for now, and in it you want saving, growing, spending, travel, kids, fun, needs, eating out etc. I'd keep cash for liquidity (20-30+%) in money market, and the rest in stocks (rest, maybe some bonds.) The second portfolio is for reti...
by johnra
Sun Jul 07, 2019 9:43 am
Forum: Personal Investments
Topic: Retiree with no retirement accounts
Replies: 34
Views: 4857

Re: Retiree with no retirement accounts

She has SSA and VA survivor benefits plus $250K. I would consider $50K cash account (yielding ~2+%), $100K in total bond fund, $50K in high yield bond fund, and $50K in a stock index fund.
by johnra
Sat Jul 06, 2019 11:18 am
Forum: Personal Investments
Topic: Best high yielding low cost Vanguard REIT
Replies: 8
Views: 1857

Re: Best high yielding low cost Vanguard REIT

VNQ (it's an ETF)
by johnra
Fri Jul 05, 2019 12:25 pm
Forum: Personal Investments
Topic: which fund should i choose?
Replies: 15
Views: 1471

Re: which fund should i choose?

I'd put 60-80% in B and then put the remaining 20-40% into an extended market index fund, which will get the tilt you want at low ER
by johnra
Thu Jul 04, 2019 6:00 pm
Forum: Personal Investments
Topic: [ETF vs. Mutual Fund and additional questions]
Replies: 65
Views: 3353

Re: which is better schwab or fedelity

I have both and prefer Fidelity--the service, the web and visualization are easier and more intuitive.
by johnra
Thu Jul 04, 2019 5:52 pm
Forum: Personal Investments
Topic: Yet Another University of California retirement savings thread
Replies: 45
Views: 5614

Re: Yet Another University of California retirement savings thread

Not sure, I bring whatever forms I get from Fidelity to a guy who does my taxes, but not sure what he does with them. There is around $1 or $2 of taxable gains per year the way I am doing this.
by johnra
Thu Jul 04, 2019 5:41 pm
Forum: Personal Investments
Topic: Yet Another University of California retirement savings thread
Replies: 45
Views: 5614

Re: Yet Another University of California retirement savings thread

I have assumed the 415(c) limit includes ALL retirement -- including 403(b), UCRP and DCP. There are previous posts that indicate that 457(b) can be saved in addition to the 415(c) limit--see for example: https://www.bogleheads.org/forum/viewtopic.php?t=68443 or http://www.bogleheads.org/forum/viewt...
by johnra
Thu Jul 04, 2019 5:05 pm
Forum: Personal Investments
Topic: Right mix of traditional vs Roth IRA
Replies: 38
Views: 3955

Re: Right mix of traditional vs Roth IRA

1) you want a nice mix of asset locations for retirement savings, both tax deferred and tax free;
2) but at the same time, you want to keep it simple--trying to add backdoor after-tax contributions to my tIRA (which is all tax deferred) seems like a colossal bookkeeping headache.
by johnra
Thu Jul 04, 2019 4:10 pm
Forum: Personal Investments
Topic: Yet Another University of California retirement savings thread
Replies: 45
Views: 5614

Re: Yet Another University of California retirement savings thread

As I understand it, the limit for all contributions (except the matching employer funds) is 55K. I now only contribute to the DCP, and stopped contributing toe the 403B or 457B. I subtract from the 55K limit the amount that is coming out of my salary to the UCRP. that seems a little odd. Max total ...
by johnra
Thu Jul 04, 2019 8:49 am
Forum: Personal Investments
Topic: Yet Another University of California retirement savings thread
Replies: 45
Views: 5614

Re: Yet Another University of California retirement savings thread

The after-tax DCP plan is nice way to accumulate in Roth space. Realizing that most of my savings are in tax deferred accounts, about 5 years ago I started contributing to this each month and rolling over to my Roth. I wish I had done this earlier. How much are you allowed to contribute to the afte...
by johnra
Thu Jul 04, 2019 1:13 am
Forum: Personal Investments
Topic: Yet Another University of California retirement savings thread
Replies: 45
Views: 5614

Re: Yet Another University of California retirement savings thread

The after-tax DCP plan is nice way to accumulate in Roth space. Realizing that most of my savings are in tax deferred accounts, about 5 years ago I started contributing to this each month and rolling over to my Roth. I wish I had done this earlier.
by johnra
Sun May 26, 2019 10:56 am
Forum: Personal Investments
Topic: Confused about Asset Allocation
Replies: 16
Views: 1351

Re: Confused about Asset Allocation

I would put all your retirement in stocks--you have at least a 30 year horizon. If you must have bonds at all, I would put them in an ETF in the taxable account -- that will be safe money that you can use and may need in the next 30 years so you don't want much risk. Your tax bracket is about 24% on...
by johnra
Thu May 02, 2019 9:59 pm
Forum: Investing - Theory, News & General
Topic: Three things you should never do with your investments
Replies: 13
Views: 2747

Re: Three things you should never do with your investments

1) Keep your life style in line with your income and save your money before you spend it
2) Put your retirement savings directly into retirement accounts every single month (keep it out of reach)
3) Don't compare your life style to others ("do not covet your neighbor")
by johnra
Sun Apr 28, 2019 10:07 am
Forum: Personal Investments
Topic: Gambling with "fun money" (Penny stocks, other ideas?)
Replies: 43
Views: 4032

Re: Gambling with "fun money" (Penny stocks, other ideas?)

I took one of our pre-tax accounts that wasn't very large compared to our other accounts and i started investing in individual stocks that I liked (about 6-8 of them) and i bought and mostly hold, some occasional selling and buying. This account has more than quadrupled in the last 6 years to the po...
by johnra
Fri Apr 26, 2019 10:24 pm
Forum: Personal Investments
Topic: 2,000,000. Now what?
Replies: 45
Views: 10091

Re: 2,000,000. Now what?

Close your eyes, dream what you really want to do with your life, and then go do it! You have three major assets--time, health, and money. Don't blow it, it may not come your way again.
by johnra
Mon Feb 18, 2019 2:35 pm
Forum: Personal Investments
Topic: My First Mega Backdoor Roth
Replies: 21
Views: 2412

Re: My First Mega Backdoor Roth

3) Still the main determinant of where you contribute is your marginal tax rate How so? If you are in a high marginal rate, contributions to a tax deferred account will be save taxes now and presumably not withdrawn until you are at a lower rate. If you are in a low tax bracket, pay the taxes now f...
by johnra
Sun Feb 17, 2019 10:33 pm
Forum: Personal Investments
Topic: My First Mega Backdoor Roth
Replies: 21
Views: 2412

Re: My First Mega Backdoor Roth

1) My after tax contribution plan and my Roth are both at the same institution--it only takes a phone call to rollover
2) At the end of the day, you want both pre-tax and tax free savings
3) Still the main determinant of where you contribute is your marginal tax rate
by johnra
Sat Sep 22, 2018 12:25 am
Forum: Personal Investments
Topic: Investing my first million
Replies: 46
Views: 8389

Re: Investing my first million

My worst financial decision ever was transferring assets to Merrill Lynch, and my wisest financial decision ever was getting out!
by johnra
Sat Sep 22, 2018 12:20 am
Forum: Personal Investments
Topic: Investing for disabled relative
Replies: 6
Views: 822

Re: Investing for disabled relative

Look at ABLE accounts...they allow up to 100K in assets in the name of the disabled person tax free
by johnra
Sun Sep 02, 2018 7:03 pm
Forum: Personal Investments
Topic: What to do after maxing out roth?
Replies: 11
Views: 2015

Re: What to do after maxing out roth?

I think you really want all three--taxable, tax-free, and tax-deferred. The question is how to distribute your assets among these, especially for someone who is only 31 years old!
by johnra
Sun Sep 02, 2018 3:29 pm
Forum: Personal Investments
Topic: Should I sell 5-star/gold-rated mutual funds?
Replies: 11
Views: 1543

Re: Should I sell 5-star/gold-rated mutual funds?

If you like them and they are doing well, why not keep them, at least for now?
by johnra
Sun Sep 02, 2018 3:22 pm
Forum: Personal Investments
Topic: What are your goals when you change your bond funds?
Replies: 36
Views: 2689

Re: What are your goals when you change your bond funds?

The dividends in my bond funds are being reinvested, so I don't worry (too much) about NAV--offset by dollar cost averaging.
by johnra
Sun Aug 26, 2018 6:35 pm
Forum: Personal Finance (Not Investing)
Topic: What is your stealth way to save monthly?
Replies: 87
Views: 10811

Re: What is your stealth way to save monthly?

I tier our expenses. Here's how: I have my paycheck deposited into the taxable brokerage account at Fidelity (also where the retirement accounts are). The retirement contributions have been taken out automatically. From the taxable brokerage account, I pay all obligations (mortgage, internet, cell, ...
by johnra
Thu Aug 23, 2018 8:22 am
Forum: Personal Investments
Topic: Move money to kids
Replies: 5
Views: 1104

Re: Move money to kids

UGMA and UTMA: https: //www.bogleheads.org/wiki/Uniform_Gift_to_Minors_Act

I was able to do for my kids what my dad did for me--set money aside in the kids name and deliver them into adulthood free of debt and also with some money to manage and spend.
by johnra
Mon Aug 20, 2018 8:30 am
Forum: Personal Investments
Topic: 529 ABLE
Replies: 5
Views: 626

Re: 529 ABLE

I am not sure the distinction between being financial conservatorized and being disabled--the legal question I think you need to answer is is she a Disabled Adult Child (DAC). This must be determined before age 22 for ABLE eligibility. SSI would be moot since she is working, but her eligibility stat...
by johnra
Sun Aug 12, 2018 3:16 pm
Forum: Personal Investments
Topic: Please comment on our retirement allocation
Replies: 9
Views: 1183

Re: Please comment on our retirement allocation

Rather than just looking at AA percentage, look at amounts and their location. In your IRA, I would have a good 4-6 years worth of RMDs in cash and bonds and the rest in stocks, whatever that comes out to be. When you take your RMDs, take it from whatever is doing well. Remember, you don't have to s...
by johnra
Sun Aug 12, 2018 3:00 pm
Forum: Personal Investments
Topic: REIT placement... Why not a Roth? Why tax-deferred?
Replies: 25
Views: 2304

Re: REIT placement... Why not a Roth? Why tax-deferred?

I put stock funds (including a few stocks I am rolling the dice on) in my Roth, and what bond funds and REITs I have in my traditional IRA. I am not planning on using my Roth for the most part, at least any time soon and therefore aimed for growth.
by johnra
Sun Aug 12, 2018 2:41 pm
Forum: Personal Investments
Topic: How to invest ~$4mm for disabled-for-life 36-yo
Replies: 22
Views: 3088

Re: How to invest ~$4mm for disabled-for-life 36-yo

I think there is not enough information! Is the disability in the eyes of the parents or in the eyes of the state? Did the disability start before age 22 (is the person a "disabled adult child")? Is the disability cognitive or physical? Who has and who will have decisional capacity? Is the...
by johnra
Wed Aug 08, 2018 10:44 am
Forum: Personal Investments
Topic: fund choices for roth
Replies: 10
Views: 941

Re: fund choices for roth

There is nothing wrong with holding the same fund in taxable and Roth accounts. You have 20 years, so for now you want growth. I'd be all stocks, no bonds, and about 80% US (ITOT) and 20% International (IXUS).
by johnra
Sun Jul 29, 2018 8:45 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity Private Client Group
Replies: 53
Views: 25910

Re: Fidelity Private Client Group

I logged into my account, which is coded "Private Client Group," and tried to find a description of the Group. I know it used to be there, but I couldn't find it. One link seemed to mistakenly direct me to Wealth Management. I spent more time perusing the Fidelity site and also Googling. ...
by johnra
Mon Jul 23, 2018 10:30 am
Forum: Investing - Theory, News & General
Topic: Journal article on stocks in retirement accounts / bonds in taxable
Replies: 11
Views: 2173

Re: Journal article on stocks in retirement accounts / bonds in taxable

I think you need bonds in BOTH tax-deferred and taxable accounts. The reason is that in a stock downturn, when you need cash, you want to be able to take from either side depending upon what the situation calls for and the particulars of the year. While bonds in a taxable account generates taxable i...
by johnra
Sun Jul 22, 2018 11:44 am
Forum: Personal Investments
Topic: Large sum to invest, risk aversion high today = 30/70. What are the risks relaxing to say 50/50 should markets change?
Replies: 13
Views: 1344

Re: Large sum to invest, risk aversion high today = 30/70. What are the risks relaxing to say 50/50 should markets chang

It seems to me you should think about asset allocation in terms of time, not percent. You should have 4-6 years worth of assets in conservative investments such as bonds/cds/cash, and the rest in growth investments such as stocks and REITS. That way, the greater the size of assets (such as yours), t...
by johnra
Sun Jul 22, 2018 10:02 am
Forum: Personal Investments
Topic: Thank you for saving me from Fidelity $$$ advice! Now seeking help.
Replies: 15
Views: 3151

Re: Thank you for saving me from Fidelity $$$ advice! Now seeking help.

I think you have great funds even though actively managed--ERs not terrible and well offset growth. As you rebalance and adjust over the next 2-5 years, you may want to move to different asset allocation and more indexing.