Search found 685 matches

by Jerry55
Sat Nov 09, 2019 8:46 pm
Forum: Personal Investments
Topic: What’s in your TSP?
Replies: 47
Views: 3315

Re: What’s in your TSP?

Are there any benefits to the L fund? In short, I can only answer for what I'm familiar with. I've been investing since 1984, and the only fund available to CSRS employees in the beginning when it all started was the G fund ONLY. So I had to go outside, because the TSP wasn't around when I began, a...
by Jerry55
Sat Nov 09, 2019 5:48 pm
Forum: Personal Investments
Topic: What’s in your TSP?
Replies: 47
Views: 3315

Re: What’s in your TSP?

I'm retired and my CSRS pension is enough, so I'm more aggressive, at least in my TSP. 80/10/10 in C, S and I (approx 60% of my investments) I converted 2 mutual funds into a ROTH IRA via the VCP so that is my sleep well Vanguard Wellesley (~20%), Wellington Taxable (~10%) and rolling 26 week T-Bill...
by Jerry55
Fri Nov 08, 2019 9:52 pm
Forum: Personal Investments
Topic: Question about the 5 Year Rule for Roths
Replies: 14
Views: 1819

Re: Question about the 5 Year Rule for Roths

I didn't know what Federal CSRS VCP is and after reading a bit about it https://plan-your-federal-retirement.com/csrs-voluntary-contributions/ , I'm jealous :happy The table in a post above is for IRAs only and things get more complex when you throw after-tax 401Ks (which I'm thining CSRS VCP is) i...
by Jerry55
Fri Nov 08, 2019 9:42 pm
Forum: Personal Investments
Topic: Question about the 5 Year Rule for Roths
Replies: 14
Views: 1819

Re: Question about the 5 Year Rule for Roths

As stated, contributions can be withdrawn immediately. Earnings are 5 tax years. Jan 2016 in your case. That's understood, as I have no need to withdraw anything, I'm leaving it as legacy for my children. FWIW, I was referring to the erroneous information put out by the IRS agent who told me it wou...
by Jerry55
Fri Nov 08, 2019 12:32 am
Forum: Personal Investments
Topic: TSP Contributions - Retiring Mid Year
Replies: 16
Views: 1073

Re: TSP Contributions - Retiring Mid Year

Yes, good idea. Be sure to string out the contributions all the way through your retirement date in order to get maximum employer matching contributions. The employer match only occurs for each pay period that you make contributions. I would certainly do this, and adhere to the substance mentioned ...
by Jerry55
Fri Nov 08, 2019 12:25 am
Forum: Personal Investments
Topic: Question about the 5 Year Rule for Roths
Replies: 14
Views: 1819

Re: Question about the 5 Year Rule for Roths

When I withdrew money from the Roth IRA the first time around, I recall the Accountant advising me I could do it only because it was past 5 years (but I only took contributions). Perhaps the accountant was misinformed. I opened a ROTH IRA (via the Federal CSRS VCP, Voluntary Contribution Program, I...
by Jerry55
Thu Nov 07, 2019 5:44 pm
Forum: Personal Investments
Topic: Short-Term Investment
Replies: 10
Views: 653

Re: Short-Term Investment

I am beginning to put away money for a down-payment on a house. (Not looking for advice on whether or not to buy a house.). I am currently planning to put money in a high-yield savings account. I would expect to use the money in the next 2 - 5 years. Safety and Liquidity. Take the ~2% in real inter...
by Jerry55
Sun Nov 03, 2019 10:28 pm
Forum: Investing - Theory, News & General
Topic: Transitioning my Account ~ Not Mandatory
Replies: 61
Views: 5111

Re: Transitioning my Account ~ Not Mandatory

But if you were to switch, you would need one brokerage account for each account type. One brokerage account for Roth. One brokerage account for taxable. This should be done automatically, since the Roth and taxable cannot be combined into one account anyway. best wishes, just trying to help! cj Th...
by Jerry55
Sun Nov 03, 2019 8:31 pm
Forum: Investing - Theory, News & General
Topic: Transitioning my Account ~ Not Mandatory
Replies: 61
Views: 5111

Re: Transitioning my Account ~ Not Mandatory

I think the issue is not what you hold. I think the issue is what you said you asked the Vanguard rep. You seem to have asked if you can assign a different beneficiary to each mutual fund. The answer you got is no. In general, you can't do that. I can do that, and I DO have one beneficiary per Mutu...
by Jerry55
Sun Nov 03, 2019 5:18 pm
Forum: Personal Finance (Not Investing)
Topic: Fed dental plans in 2020: keeping, dropping or switching?
Replies: 15
Views: 1500

Re: Fed dental plans in 2020: keeping, dropping or switching?

I had Metlife dental for the first 3 years (retired in 2012), and the dentists that accepted it were running about 50%, but they all did the paperwork for me, and as such, Metlife didn't have lower fees negotiated since they were "Out of Network". I'm in Illinois, and my family is in NJ / PA areas, ...
by Jerry55
Sun Nov 03, 2019 12:30 pm
Forum: Investing - Theory, News & General
Topic: Transitioning my Account ~ Not Mandatory
Replies: 61
Views: 5111

Re: Transitioning my Account ~ Not Mandatory

I meant CANNOT. Like you, I am still on the old platform. I hold multiple mutual funds in my Roth IRA. Within this Roth IRA, I CANNOT assign different beneficiaries to each individual mutual fund. However, I also have a nonretirement taxable account, I CAN assign a different beneficiary to that acc...
by Jerry55
Sat Nov 02, 2019 11:24 pm
Forum: Investing - Theory, News & General
Topic: Transitioning my Account ~ Not Mandatory
Replies: 61
Views: 5111

Re: Transitioning my Account ~ Not Mandatory

What clip651 said. If OP were to convert, he (pronoun assumption) would have 2 accounts: a Roth brokerage and a taxable brokerage. Each of those accounts gets its own beneficiary designation; they need not be the same. THAT is what was never explained to me, and I believe I mentioned that above. He...
by Jerry55
Fri Nov 01, 2019 8:06 pm
Forum: Personal Investments
Topic: Do you consider pensions as part of your overall asset allocation?
Replies: 67
Views: 5045

Re: Do you consider pensions as part of your overall asset allocation?

gorow wrote:
Fri Nov 01, 2019 8:00 pm
So no, I don not count pension in my AA.
Ditto. My AA are my investments, not my monthly income from my pension. That, is a given. Federal pension.
by Jerry55
Fri Nov 01, 2019 11:05 am
Forum: Investing - Theory, News & General
Topic: Transitioning my Account ~ Not Mandatory
Replies: 61
Views: 5111

Re: Transitioning my Account ~ Not Mandatory

Yes. OP is confused and perhaps didn't get a good explanation from Vanguard. Roth fund will need to go into a Roth brokerage account, taxable to taxable. Beneficiaries are set at the account level so OP arrange exactly as desired. Now, if there were a desire to have two funds in taxable with differ...
by Jerry55
Fri Nov 01, 2019 12:16 am
Forum: Investing - Theory, News & General
Topic: Transitioning my Account ~ Not Mandatory
Replies: 61
Views: 5111

Re: Transitioning my Account ~ Not Mandatory

I still don't think I understand. Are you saying that you can have only one beneficiary for all your accounts at Vanguard? That's the way it was explained to me. Just One Payable on Death per brokerage account. Do I need to have TWO now ? We spoke at length for over 15 minutes, and he could not und...
by Jerry55
Thu Oct 31, 2019 6:35 pm
Forum: Investing - Theory, News & General
Topic: Transitioning my Account ~ Not Mandatory
Replies: 61
Views: 5111

Re: Transitioning my Account ~ Not Mandatory

What exactly do you mean by having 2 POD recipients? Can you not split an account 50% to each? How about more than one secondary beneficiary? I have a ROTH IRA, and a Taxable Mutual fund. I don't want to mix the two. My GF will receive my taxable Mutual fund account, and my daughter will receive my...
by Jerry55
Sat Oct 26, 2019 10:39 pm
Forum: Personal Finance (Not Investing)
Topic: TaxAct Discounts for 2019 version
Replies: 27
Views: 1902

Re: TaxAct Discounts for 2019 version

I don't believe you were bushwhacked. You are free to accept their service for the price they set, or not. I'm also unhappy with Taxact for their 2018 tax year pricing, and hope to never use it again. Up to 2017 you could use their low end product and report capital gains with no problem. In 2018, ...
by Jerry55
Fri Oct 25, 2019 10:22 am
Forum: Personal Finance (Not Investing)
Topic: TaxAct Discounts for 2019 version
Replies: 27
Views: 1902

TaxAct Discounts for 2019 version

TaxAct has gotten extremely expensive recently, and last year, I wound up shelling out about $79.95, whereas it used to be about $25-40. And that was for only one state. I was at Sam's club and I saw Turbo Tax for about $39.95, which included all state returns and Turbo Tax also imports most data fr...
by Jerry55
Wed Oct 23, 2019 3:53 pm
Forum: Investing - Theory, News & General
Topic: Transitioning my Account ~ Not Mandatory
Replies: 61
Views: 5111

Re: Transitioning my Account ~ Not Mandatory

........Other than the ability to hold individual stocks, bonds and non-Vanguard mutual funds is anyone aware of ANY advantages of having a Vanguard Brokerage account. Basically, that's exactly what the VG representative told me, in addition to having access to ETF's, he said there's no need to tra...
by Jerry55
Wed Oct 23, 2019 12:59 pm
Forum: Investing - Theory, News & General
Topic: Transitioning my Account ~ Not Mandatory
Replies: 61
Views: 5111

Re: Transitioning my Account ~ Not Mandatory

I thank everyone for your comments and will watch and see. I plan on doing nothing with the ROTH IRA (Wellesley) or the Taxable Mutual fund. Other than have them send my quarterly dividends from the taxable Wellington Fund. My Main point, is that I can't assign 2 Payable on Death (POD) recipients li...
by Jerry55
Tue Oct 22, 2019 7:57 pm
Forum: Investing - Theory, News & General
Topic: Transitioning my Account ~ Not Mandatory
Replies: 61
Views: 5111

Transitioning my Account ~ Not Mandatory

Over the past 6 months or so, Vanguard has prompted me to get their Brokerage acct, then the nag screens and emails began saying I had to transition the accounts (1 Roth and 1 taxable mutual fund) that I am no longer contributing to, and haven't for over 5 years. Each one has a different POD recipie...
by Jerry55
Sun Oct 20, 2019 6:55 pm
Forum: Personal Finance (Not Investing)
Topic: What documents do I need to prove I own my house?
Replies: 18
Views: 2961

Re: What documents do I need to prove I own my house?

When I paid off my mortgage, Bank of America sent me a document stating the mortgage was paid in full (i.e. the legal language was something like mortgage release/satisfaction). I then took this document to my County Recorder of Deeds office to file it and pay the fee. That's how it worked here. I ...
by Jerry55
Fri Oct 18, 2019 11:39 pm
Forum: Investing - Theory, News & General
Topic: 3 fund vs target date
Replies: 21
Views: 2378

Re: 3 fund vs target date

Thanks for all the good points everyone made today! I personally have my Roth in vanguard retirement fund which is way better than what I had with Edward Jones over a year ago. Now just waiting for my wife to do the same. I wanted to way out if there were any big benefits on the topic. I personally...
by Jerry55
Fri Oct 18, 2019 10:23 pm
Forum: Personal Investments
Topic: Another TSP issue...
Replies: 9
Views: 1192

Re: Another TSP issue...

Moving at the Speed of Government ! They'll get it done. I change mine every few years, depending on what child torques me off enough to do it, and it's usually my son. (2 daughters are fine) He's OK now, so, I changed it back to 33/33/34. As long as I mailed it in and they received it, I'm good to ...
by Jerry55
Thu Oct 17, 2019 11:49 pm
Forum: Personal Investments
Topic: Sold for a Loss. What to expect, 1099 wise
Replies: 3
Views: 413

Re: Sold for a Loss. What to expect, 1099 wise

you will get a 1099 showing the proceeds from the sale of stock. since these shares were bought in 2008 and 2009 they should be shown as non-covered, no cost basis was provided to the irs. keep your records, you are responsible for reporting the cost basis. your tax software should guide you throug...
by Jerry55
Thu Oct 17, 2019 11:09 pm
Forum: Personal Investments
Topic: Sold for a Loss. What to expect, 1099 wise
Replies: 3
Views: 413

Sold for a Loss. What to expect, 1099 wise

I got tired of the whipsaw of GE and sold all 600 of my shares 1 month ago, along with an approx. $4,500 loss. This was done via Scottrade, which was acquired by TD Ameritrade. I still have my total investments in Yahoo (my own records) as a purchase of $9,912.00 but sold at around $5,424.00 for a l...
by Jerry55
Wed Oct 16, 2019 9:44 pm
Forum: Investing - Theory, News & General
Topic: Indexing beats Wellington and Wellesley right?
Replies: 135
Views: 26739

Re: Indexing beats Wellington and Wellesley right?

Take all the monthly returns of Wellesley and compare them with the monthly returns of the benchmark, see if the difference is significant. Even better, take all the monthly (daily better) returns of the benchmark and create 10000 simulated paths, then check how many of those are better than your W...
by Jerry55
Wed Oct 16, 2019 5:57 pm
Forum: Investing - Theory, News & General
Topic: Indexing beats Wellington and Wellesley right?
Replies: 135
Views: 26739

Re: Indexing beats Wellington and Wellesley right?

Maybe it depends on your position in life. Looking for Big Growth, Go-Go annual performance and Low cost ? Do your indexing if you feel that way. Remember, not everyone feels that way, depending on what point they are in their life possibly, and what other options they have. My Wellington Admiral Ta...
by Jerry55
Sun Oct 13, 2019 11:50 pm
Forum: Personal Investments
Topic: Fee-only planner for federal employees?
Replies: 30
Views: 2050

Re: Fee-only planner for federal employees?

Have you heard of Edward A. Zurndorfer? He's a certified financial planner out of Silver Springs, Maryland. His area of expertise is federal employee benefits, but I don't know if he works on a fee basis. He retired from federal civil service around the 2005 timeframe, and in addition to his work a...
by Jerry55
Wed Oct 09, 2019 11:39 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Savings Rate drops to 1.8%
Replies: 43
Views: 6168

Re: Ally Savings Rate drops to 1.8%

6d1v7x3 wrote:
Wed Oct 09, 2019 11:04 pm
vshun wrote:
Wed Oct 09, 2019 5:46 pm
Discover is still 1.9.
Vanguard federal MMF is also 1.9. So this is way bigger reduction for MMF than it is for either Ally or Discover compared to rates 6 months ago.
I'm sorry but what exactly is an MMF?

Money Market Fund
by Jerry55
Wed Oct 09, 2019 11:32 pm
Forum: Personal Finance (Not Investing)
Topic: FEHB clarifications and open enrollment
Replies: 16
Views: 1307

Re: FEHB clarifications and open enrollment

The cost for a family of two is basically the same as if you have kids. For example BCBS biweekly premium for just yourself is 76, for a couple it is 179 and for a family 191. I recently left and while I don't have BCBS I certainly pay less and so far prescriptions and the like have been cheaper. G...
by Jerry55
Tue Oct 08, 2019 5:13 pm
Forum: Personal Investments
Topic: Vanguard: Transition to our new investment platform
Replies: 59
Views: 27607

Re: Vanguard: Transition to our new investment platform

So, I have 2 mutual funds here, Wellesley ROTH IRA and Wellington (Taxable). I've had these since 2011 and I never plan to take distributions from the ROTH Acct. But, in Sept. I decided to have Vanguard start sending my distributions from Wellington, instead of reinvesting (Dividends and Cap. Gains)...
by Jerry55
Thu Oct 03, 2019 8:04 pm
Forum: Personal Finance (Not Investing)
Topic: Improving the TSP [for current participants]
Replies: 418
Views: 62157

Re: Improving the TSP [for current participants]

ChrisC wrote:
Thu Oct 03, 2019 7:59 pm
I would have expected more understanding from a crowd of Federal retirees.
Well, I for one applaud the TSP folks. I'm not looking for magic, and their options are just fine with me. Now, as well as before.
I'm with you, and maybe they're looking for something I'm not. That's why we have choices.
by Jerry55
Thu Oct 03, 2019 7:59 pm
Forum: Personal Investments
Topic: Emergency Fund Vehicle
Replies: 6
Views: 677

Re: Emergency Fund Vehicle

I have a US Treasury account where I keep my emergency fund. Although the interest rate changes, and isn't the highest, it is free from 5% IL state tax, in addition to a smaller EF in CapitolONE 360. The Six, 26 week Treasuries mature every month (I opened one a month for 6 months), but they do roll...
by Jerry55
Fri Sep 27, 2019 11:11 pm
Forum: Personal Finance (Not Investing)
Topic: Convince me not to raid my Roth to buy first condo
Replies: 46
Views: 3328

Re: Convince me not to raid my Roth to buy first condo

State IL (Chicago) 1) Am I ready to purchase a home yet? 2) Why shouldn't I raid my Roth to accomplish this goal? 3) Looking for recommendation on overall financial situation and what others would do in this situation. Thanks! It's YOUR Money....do what you feel is right. I live in a suburb just We...
by Jerry55
Fri Sep 27, 2019 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: Improving the TSP [for current participants]
Replies: 418
Views: 62157

Re: Improving the TSP [for current participants]

A Big Plus to the G fund is that it basically pays Medium term Bond rates like Treasuries, with no risk of "Technical Loss", and adjusts rates monthly, unlike Bond Funds where one can actually "Lose Money" per se. I may move funds into my Vanguard account, however, I see no reason to do so as of ye...
by Jerry55
Thu Sep 26, 2019 7:58 pm
Forum: Personal Investments
Topic: Retirees - do you hold extra cash for a bear market?
Replies: 93
Views: 9674

Re: Retirees - do you hold extra cash for a bear market?

No.

I have an emergency fund, but my pension takes care of me regardless. I guess I'm fortunate in that aspect.
by Jerry55
Wed Sep 25, 2019 4:40 pm
Forum: Personal Investments
Topic: Newbie needs investment advice
Replies: 5
Views: 328

Re: Newbie needs investment advice

I just posted this in this forum (TSP in retirement) on Monday, 9/23/19, so I'll repost (below) ~ 40% Stock / 60% bond is close to a conservative allocation. I have Vanguards Wellesley Admiral fund (40/60)in my ROTH IRA, which is considered a conservative fund, and my taxable Wellington Admiral Fund...
by Jerry55
Mon Sep 23, 2019 7:35 pm
Forum: Personal Investments
Topic: TSP in retirement
Replies: 31
Views: 2863

Re: TSP in retirement

Ok, thanks...I was thinking that’s how it worked. I divorced long time ago so now spouse in the picture. Thanks! I posted this above (and deleted it for another reason on Sun Sep 22, 2019 3:38 pm ) but I'll repost. May I suggest you refer to appropriate TSP regs ~ Pls see section II. Method of Paym...
by Jerry55
Sun Sep 22, 2019 3:38 pm
Forum: Personal Investments
Topic: TSP in retirement
Replies: 31
Views: 2863

Re: TSP in retirement

DELETED ~
by Jerry55
Sat Sep 21, 2019 10:24 pm
Forum: Personal Investments
Topic: TSP in retirement
Replies: 31
Views: 2863

Re: TSP in retirement

Much good advice above, especially from retiredjg & grabiner. If you're FERS, may I suggest you examine your expenditures and see how well you can work it out if your TSP is not needed. An L Fund may be appropriate depending on your investment style and your comfort level, however, if 5 years is you...
by Jerry55
Wed Sep 18, 2019 7:35 pm
Forum: Personal Investments
Topic: [Convince Me that Wellesley is the only fund I need in retirement]
Replies: 23
Views: 2422

Re: [Convince Me that Wellesley is the only fund I need in retirement]

Hey All, I like to keep it simple, very simple. I'm looking at just one fund for retirement, VWIAX. I would like you guys/gals to try to convince me this is not a good approach. I'm not going to try to convince you one way or another. Only you can convince yourself. I have BOTH, Wellesley in my ROT...
by Jerry55
Mon Sep 16, 2019 7:01 pm
Forum: Personal Investments
Topic: Late starter - Need help
Replies: 27
Views: 3461

Re: Late starter - Need help

VUSXX is entirely invested in short term US treasuries. Wasnt clear from your response if you just preferred individual treasuries or misunderstood the "bonds" contained in VUSXX. No, I didn't misunderstand anything. There's no expense ratio in my T-Bills, and some of my T-Bills are over 2.2%. It's...
by Jerry55
Sun Sep 15, 2019 8:45 pm
Forum: Personal Investments
Topic: Late starter - Need help
Replies: 27
Views: 3461

Re: Late starter - Need help

Olemiss540 wrote:
Sun Sep 15, 2019 12:45 pm
You can also place all taxable cash into VUSXX for state tax free interest money market type account.
I COULD. But, I'll stay with Treasuries. No Bond Funds, except for my true investments.
Wellesley and Wellington, otherwise the TSP G fund if needed.
by Jerry55
Thu Sep 12, 2019 9:59 pm
Forum: Personal Investments
Topic: Late starter - Need help
Replies: 27
Views: 3461

Re: Late starter - Need help

Lots of good info above, and I usually like the info posted by Grt2bOutdoors.... I'm retired, and only have one thing to add, and that's state taxation of Hi-Yield accounts. Illinois does not tax retirement, but they DO tax interest income. I wound up with a $212 tax bill because of CapitolONE 360 M...
by Jerry55
Thu Sep 12, 2019 9:51 pm
Forum: Personal Investments
Topic: Education Savings Options vs Retirement Savings
Replies: 10
Views: 995

Re: Education Savings Options vs Retirement Savings

I admire your ambition and hopes, but I have to be the grinch here, just FYI. I have 3 children (39, 35 and 27), first went to college mostly paid for via scholarships...bought her a 2 yr old used car (22K miles). Happy Parents indeed. 2nd went to college and told me to "Sign Here', even though it w...
by Jerry55
Tue Sep 10, 2019 11:05 pm
Forum: Personal Finance (Not Investing)
Topic: FMLA (or Other) Leaves Potential Negative Impact?
Replies: 17
Views: 1936

Re: FMLA (or Other) Leaves Potential Negative Impact?

The Family and Medical Leave Act (FMLA) guarantees certain employees up to 12 workweeks of unpaid leave each year with no threat of job loss. I myself used FMLA to help my sister care for my mother, and as we're separated by 800+ miles, I had to use it in 80 hour increments to allow her time to take...
by Jerry55
Tue Sep 10, 2019 5:21 pm
Forum: Personal Investments
Topic: dividend distributions for Sept 2019
Replies: 8
Views: 1159

Re: dividend distributions for Sept 2019

Found it today ~ Wellington and Wellesley are on Sept. 20, reinvest date Sept. 23

Full page of funds and dates here

https://investornews.vanguard/upcoming- ... formation/
by Jerry55
Mon Sep 09, 2019 8:00 pm
Forum: Personal Investments
Topic: Too late for a Roth?
Replies: 20
Views: 2476

Re: Too late for a Roth?

I agree with all of the above for the most part.

I would like to add that with a ROTH TSP / IRA, there are no Required Minimum Distributions at age 70½ and earnings are TAX FREE.

The ROTH TSP didn't appear until after I retired in 2012, but fortunately, I had other options. GO-4-IT.
by Jerry55
Sun Sep 08, 2019 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: Capital Gains Confusion
Replies: 4
Views: 537

Re: Capital Gains Confusion

As you noticed, it was added as income and you paid LT Capitol gains taxes on it. Apparently, you're in the 15% tax bracket. The current capital gains tax rates under the new 2018 tax law are zero, 15 percent and 20 percent, depending on your income. I believe they'll be the same for 2019, so 15% ta...