Search found 2325 matches

by krow36
Sun Sep 20, 2020 1:16 pm
Forum: Personal Investments
Topic: 403(b) Fidelity to Vanguard
Replies: 22
Views: 726

Re: 403(b) Fidelity to Vanguard

My bonds are all in a 403(b) at Fidelity and my stocks are all in a Roth IRA at Vanguard. I was assuming that I had to transfer the 403(b) to Vanguard before I could rebalance? You realize that you can make changes within your 2 accounts without any tax consequences. I think you will have to includ...
by krow36
Sun Sep 20, 2020 12:27 pm
Forum: Personal Investments
Topic: 403(b) Fidelity to Vanguard
Replies: 22
Views: 726

Re: 403(b) Fidelity to Vanguard

Can you rebalance funds if they are split between a Traditional 403(b) and a Roth IRA? Rebalancing involves making changes within your accounts so that the overall asset allocation is brought back to what you want. You might find it convenient to use target retirement funds that do the rebalancing ...
by krow36
Sun Sep 20, 2020 12:19 pm
Forum: Personal Investments
Topic: 403(b) Fidelity to Vanguard
Replies: 22
Views: 726

Re: 403(b) Fidelity to Vanguard

I have some money in 403(b) fund at Fidelity that I'd like to move to Vanguard, where I have a Roth IRA so that accounts are consolidated and so that I can rebalance. Below are a few questions. In another thread you mention that you've just started a postdoc job. Is the Fidelity 403b with your new ...
by krow36
Wed Sep 16, 2020 8:58 pm
Forum: Personal Investments
Topic: Employer plan at Ed Jones
Replies: 70
Views: 6518

Re: Employer plan at Ed Jones

I think TDA will be fine for your SIMPLE IRA account. They have a reputation for providing good service. Congratulations and Best Wishes! I admire you and your employer’s patience and perseverance. :D I’ve been looking over the EJ SIMPLE IRA Packet that contains information for both the employer and...
by krow36
Sun Sep 13, 2020 8:09 pm
Forum: Personal Investments
Topic: Coronavirus Related Distributions - Rollover Question
Replies: 3
Views: 252

Re: Coronavirus Related Distributions - Rollover Question

I think you will find lots of information about the CRD in these threads:
viewtopic.php?t=319313
viewtopic.php?t=318110
by krow36
Tue Sep 08, 2020 4:20 pm
Forum: Personal Investments
Topic: Investing Beyond 403bs Options?
Replies: 78
Views: 2428

Re: Investing Beyond 403bs Options?

rvfigs wrote: Tue Sep 08, 2020 9:58 am I just received news that our district will be offering a 457b option starting September 2020.
Congratulations on the 457 addition! Hopefully there's a Roth option and hopefully it's a low-cost plan like the state sponsored plan. :)
by krow36
Mon Sep 07, 2020 9:43 pm
Forum: Personal Investments
Topic: Newer investor, lost access to 457b, now what?
Replies: 5
Views: 395

Re: Newer investor, lost access to 457b, now what?

However this year I’m in a new district and while my income is the same, they don’t offer the 457b, just the 403b. If you were using the NY state 457 plan, and your new district is in NY, you may be able to get the NY state 457 plan added. It has been reported that a call to the 457 main office can...
by krow36
Mon Sep 07, 2020 6:22 pm
Forum: Personal Investments
Topic: Investing Beyond 403bs Options?
Replies: 78
Views: 2428

Re: Investing Beyond 403bs Options?

You are fortunate to have Vanguard as a 403b vendor and it’s likely it's the result of one or more of your colleagues pushing to have Vanguard added to the district’s 403b vendor list. It’s possible that you could persuade the district to add Vanguard’s Roth 403b to your choices. Vanguard did not of...
by krow36
Sun Sep 06, 2020 5:40 pm
Forum: Personal Investments
Topic: Employer plan at Ed Jones
Replies: 70
Views: 6518

Re: Employer plan at Ed Jones

But if your reading is correct, why does Fidelity think they can only use 5305????? A few years ago, Vanguard told me that they chose not to offer a Form 5304 SIMPLE. That's still their preference because that's what they include in their Employer's Kit. I think Fidelity chooses to offer only the F...
by krow36
Sun Sep 06, 2020 12:53 pm
Forum: Personal Investments
Topic: Employer plan at Ed Jones
Replies: 70
Views: 6518

Re: Employer plan at Ed Jones

https://www.fidelity.com/bin-public/060_www_fidelity_com/documents/simpleplandoc.pdf "This Prototype Plan may only be used in con- junction with an Internal Revenue Service (“IRS”) Model SIMPLE-IRA, Form 5305-S or Form 5305-SA or an IRS approved Prototype SIMPLE-IRA." If I'm understanding these two...
by krow36
Sat Sep 05, 2020 11:12 pm
Forum: Personal Investments
Topic: Employer plan at Ed Jones
Replies: 70
Views: 6518

Re: Employer plan at Ed Jones

The Vanguard SEP-IRA/SIMPLE IRA Plan Authorization Form does not mention whether the plan is using Form 5304 or Form 5305. https://personal.vanguard.com/pdf/s194.pdf?2210092784 Neither does the Fidelity SIMPLE IRA—Adoption Agreement : https://www.fidelity.com/bin-public/060_www_fidelity_com/document...
by krow36
Fri Sep 04, 2020 3:55 pm
Forum: Personal Investments
Topic: Employer plan at Ed Jones
Replies: 70
Views: 6518

Re: Employer plan at Ed Jones

retiredjg wrote: Fri Sep 04, 2020 3:39 pm If that comment is for me, you'll have to explain further. :happy
Sorry for not be clear. Both mistakes were mine!
by krow36
Fri Sep 04, 2020 2:32 pm
Forum: Personal Investments
Topic: Employer plan at Ed Jones
Replies: 70
Views: 6518

Re: Employer plan at Ed Jones

mistake in correcting a mistake!??
by krow36
Fri Sep 04, 2020 12:31 pm
Forum: Personal Investments
Topic: Employer plan at Ed Jones
Replies: 70
Views: 6518

Re: Employer plan at Ed Jones

Great find, retiredjg and acunn ! The asterisk note, addressed to the employer: *Alternately, you may use IRS Form 5304-SIMPLE. This form allows each employee to invest with the financial institution of his or her choice, which may increase your administrative and recordkeeping responsibilities. If ...
by krow36
Fri Sep 04, 2020 12:42 am
Forum: Personal Investments
Topic: Investing Beyond 403bs Options?
Replies: 78
Views: 2428

Re: Investing Beyond 403bs Options?

We would like to continue to invest additional earnings in other investment vehicles. What are some of the options we should be looking into if we want to invest beyond the 403b option? The most obvious vehicle would be a low-cost state 457b plan. About half of the states make such a plan available...
by krow36
Thu Sep 03, 2020 10:54 pm
Forum: Personal Investments
Topic: Employer plan at Ed Jones
Replies: 70
Views: 6518

Re: Employer plan at Ed Jones

I think the EJ rep is trying a phony argument on you. A “frozen simple sort of thing” also would also require your employer to fill out the Fidelity forms that establish your employer’s SIMPLE IRA. I have confirmed that process with Vanguard's frozen SIMPLE IRA. (It's been reported that Fidelity doe...
by krow36
Thu Sep 03, 2020 8:11 pm
Forum: Personal Investments
Topic: Employer plan at Ed Jones
Replies: 70
Views: 6518

Re: Employer plan at Ed Jones

The intent of a Form 5304 is to allow employees to choose their FI. The employer could have more than two FI’s where they send their employees' contributions. A FI (Fidelity) must establish that the employer is establishing a valid SIMPLE IRA with them, and that is done using the forms that the FI (...
by krow36
Wed Aug 26, 2020 11:41 pm
Forum: Personal Investments
Topic: transfer funds
Replies: 22
Views: 1107

Re: transfer funds

thanks for all the great inputs. If I am not withdrawing any funds for personal use but just moving them from one institution to another "in kind" do I still need to pay capital gains tax ? And do I have to liquidate ? Cant I just ask Vanguard to do it themselves as part of the ACAT process ? If yo...
by krow36
Sat Aug 22, 2020 2:34 pm
Forum: Personal Investments
Topic: Need help ditching 403b & inheritance
Replies: 14
Views: 1069

Re: Need help ditching 403b & inheritance

OP, I suggest you join the 403bwise.org Facebook Group. This is a monitored group of mostly teachers that are helping folks like yourself understand and improve their retirement plans. There is a large number of members in the process of getting out of AXA and other annuities, and many in the group ...
by krow36
Sat Aug 22, 2020 2:24 pm
Forum: Personal Investments
Topic: Need help ditching 403b & inheritance
Replies: 14
Views: 1069

Re: Need help ditching 403b & inheritance

OP, if I were you, I would focus on moving your AXA 403b balance into a the low-cost NEA Direct Invest 403b. It can take several weeks to get the account set up, and maybe a month to finish the transfer. It may take many months or a year for the trust to finish its chores. The only NEA Direct Invest...
by krow36
Fri Aug 21, 2020 5:25 pm
Forum: Personal Investments
Topic: Need help ditching 403b & inheritance
Replies: 14
Views: 1069

Re: Need help ditching 403b & inheritance

OK, maxing all the plans may have to wait for a while. In any case, the Security Benefit NEA Direct Invest 403b is where you should transfer your AXA 403b balance, and contribute to if possible. I expect that there will be a surrender fee of 5% if your plan is the usual Equifax Series 201 variable a...
by krow36
Fri Aug 21, 2020 4:50 pm
Forum: Personal Investments
Topic: Need help ditching 403b & inheritance
Replies: 14
Views: 1069

Re: Need help ditching 403b & inheritance

You have a very low-cost option with Security Benefit called NEA Direct Invest. It offers some Admiral class Vanguard funds and the administration fee is only $35/yr for balances under 50k, $0 if over 50k. Here's a blog by Scott Dauenhauer, CFP, on it and on 2 other "secret" low-cost options for tea...
by krow36
Fri Aug 21, 2020 3:40 pm
Forum: Personal Investments
Topic: Need help ditching 403b & inheritance
Replies: 14
Views: 1069

Re: Need help ditching 403b & inheritance

I second retiredjg. If you will post a list of your district's 403b vendors, we can check if there is a low-cost option among the vendors. If there are not, you may be stuck with AXA until one is added to the list. Your fees are likely at least 2% a year (1.2% mortality and expense fee + each fund's...
by krow36
Fri Aug 07, 2020 11:55 am
Forum: Personal Investments
Topic: Help with American Funds for Simple IRA
Replies: 5
Views: 339

Re: Help with American Funds for Simple IRA

In the past, the AF’s form for setting up periodic transfers to a different FI was available on the internet. It looks like it now must be obtained through an AF rep.
https://www.capitalgroup.com/advisor/li ... ?lit=56001
by krow36
Fri Aug 07, 2020 11:49 am
Forum: Personal Investments
Topic: Help with American Funds for Simple IRA
Replies: 5
Views: 339

Re: Help with American Funds for Simple IRA

Your wife has options with her SIMPLE IRA that she should be aware of. AF uses a Form 5305 SIMPLE IRA and that allows your wife to establish a transfer SIMPLE IRA account at another Financial Institution (FI) such as Vanguard. Vanguard calls these accounts “frozen” accounts. She and her employer wou...
by krow36
Fri Jul 31, 2020 5:48 pm
Forum: Personal Investments
Topic: Vanguard Rate of Return?
Replies: 5
Views: 805

Re: Vanguard Rate of Return?

Here’s what Vanguard says about your personal rate of return: Calculation method. Personal performance uses a formula called internal rate of return (IRR), which is a dollar-weighted return. IRR takes into account new money coming into your investment, as well as how long that money has been held. D...
by krow36
Fri Jul 31, 2020 5:37 pm
Forum: Personal Investments
Topic: ValuTeachers 403b
Replies: 11
Views: 547

Re: ValuTeachers 403b

Scott Dauenhauer, CFP and 403b reform leader, has written a lot about equity indexed annuities. Here is an example: http://teachersadvocate.blogspot.com/20 ... nuity.html
by krow36
Thu Jul 23, 2020 11:10 pm
Forum: Personal Investments
Topic: Hope to fire Edward Jones and move my 5304 SIMPLE IRA to Fidelity?
Replies: 15
Views: 2775

Re: Hope to fire Edward Jones and move my 5304 SIMPLE IRA to Fidelity?

Congratulations on getting your employer onboard with your FI selection of Fidelity! :D I think I remember Spirit Rider explaining that your employer really has only one Form 5304 SIMPLE IRA plan. And that he is not establishing a “new” plan with Fidelity. He is just verifying the existence of his o...
by krow36
Tue Jul 21, 2020 12:21 am
Forum: Personal Investments
Topic: My First Question!! <Wow> [NJ school teacher - where to invest after backdoor Roth]
Replies: 45
Views: 3114

Re: My First Question!! <Wow>

lakpr, thanks for the correction. As you so completely explain, the tax drag of the dividends should not discourage contributing to VTSAX in a brokerage account. She won't pay income tax on those dividends again when she cashes them out in retirement.
by krow36
Mon Jul 20, 2020 11:52 pm
Forum: Personal Investments
Topic: My First Question!! <Wow> [NJ school teacher - where to invest after backdoor Roth]
Replies: 45
Views: 3114

Re: My First Question!! <Wow>

MissHavisham, welcome to the forum. I think you should consider joining the 403bwise FaceBook Group: https://board.403bwise.com/topic/7404-please-join-and-post-on-our-facebook-group/ It's focused on improving the vendors in districts like yours. You'll get advice from teachers that have been success...
by krow36
Sun Jul 19, 2020 6:03 pm
Forum: Personal Investments
Topic: Seeking advice on which company to chose for 457(b) Plan.
Replies: 2
Views: 182

Re: Seeking advice on which company to chose for 457(b) Plan.

If this is a state-run 457, the state may have negotiated offerings and fees with those 3 vendors. If you provide a link to the plan, posters can compare the vendors. In any case, you need to find out the funds offered and their expense ratios and the administration fee(s) of each vendor. Or provide...
by krow36
Fri Jul 17, 2020 12:25 pm
Forum: Personal Investments
Topic: AXA 403b help, please
Replies: 11
Views: 591

Re: AXA 403b help, please

The fees on the AXA 403b that consists of only the EQ/Equity 500 Index sub account are closer to 2% than 1%. According to 403bcompare, the current ER is 0.58% and the Separate Account fee (includes M&E fee) is 1.20%. https://www.403bcompare.com/products/153#/fees
by krow36
Fri Jul 17, 2020 11:55 am
Forum: Personal Investments
Topic: AXA 403b help, please
Replies: 11
Views: 591

Re: AXA 403b help, please

The fact that the IRS says it considers all 403b plans to be annuities conflicts with the IRS breaking down 403b plans into either annuity contracts or custodial accounts. That is confusing. Perhaps because originally 403b plans were only annuity contracts, the IRS has kept the nomenclature? I would...
by krow36
Wed Jul 15, 2020 7:54 pm
Forum: Personal Investments
Topic: AXA 403b help, please
Replies: 11
Views: 591

Re: AXA 403b help, please

AXA often uses their Equivest Series 201 with school districts. https://us.axa.com/docs/teacher-retirement.pdf The prospectus for the 201 shows that the Separate Account fee is 1.20%/yr, which includes the “Mortality and Expense” fee. (Page 11) This fee applies if you choose any of the funds, called...
by krow36
Wed Jul 15, 2020 4:42 pm
Forum: Personal Investments
Topic: Hope to fire Edward Jones and move my 5304 SIMPLE IRA to Fidelity?
Replies: 15
Views: 2775

Re: Hope to fire Edward Jones and move my 5304 SIMPLE IRA to Fidelity?

Mm8719, I hope the outcome of OP Perkunas 's efforts won't influence your decision on getting out of the EJ SIMPLE IRA. This thread and your original thread contain all the information you need to proceed: https://www.bogleheads.org/forum/viewtopic.php?f=1&t=269470&p=4316027#p4316027 You can transfe...
by krow36
Mon Jul 13, 2020 11:25 pm
Forum: Personal Investments
Topic: Vanguard fund 403B recommendation
Replies: 16
Views: 808

Re: Vanguard fund 403B recommendation

When you say you are moving her AXA balance to a "self directed", and maxing it out) , is that to an Aspire 403b? If so, that's an excellent move. One of Vanguard's Target Retirement funds would be a good option, as mentioned above.
by krow36
Wed Jul 01, 2020 12:44 pm
Forum: Personal Investments
Topic: Pros/Cons moving 403 b to self directed IRA...
Replies: 5
Views: 301

Re: Pros/Cons moving 403 b to self directed IRA...

I would leave it in the employer-based account in case you want to use the backdoor Roth IRA process in the future. In addition, a 401k plan allows penalty-free distributions at age 55, while an IRA it's age 59.5.
by krow36
Sat Jun 27, 2020 10:26 pm
Forum: Personal Investments
Topic: Secure Act - Qualified Inherited Annuity IRA
Replies: 22
Views: 945

Re: Secure Act - Qualified Inherited Annuity IRA

Hi, I was hoping someone on here could help shed some light on a question for me. My mother passed away in March and left me 3 different Qualified Inherited IRA annuities 3 from different firms with very high fees. With the new Secure Act in place, I know that the rules have changed on what I can d...
by krow36
Sat Jun 27, 2020 7:35 pm
Forum: Personal Investments
Topic: Vanguard annuity comparison tool?
Replies: 4
Views: 418

Re: Vanguard annuity comparison tool?

The OP probably is aware, but others may not be, that although Transamerica now issues the annuity policy, Vanguard is still the provider of the same Vanguard Variable Annuity Portfolios as before.
https://personal.vanguard.com/us/conten ... nfoJSP.jsp
by krow36
Sat Jun 27, 2020 1:32 pm
Forum: Personal Investments
Topic: Secure Act - Qualified Inherited Annuity IRA
Replies: 22
Views: 945

Re: Secure Act - Qualified Inherited Annuity IRA

OP, by “non-designated beneficiary” do you mean that the IRA did not designate ANY beneficiary so the IRA is part of the estate? And you are the heir of the estate? Are you also the executor of the estate? Have you talked to a lawyer?
by krow36
Fri Jun 26, 2020 12:12 am
Forum: Personal Investments
Topic: GNMA/savings protection
Replies: 16
Views: 1266

Re: GNMA/savings protection

Is your GNMA in a taxable account? If so, significant Capital Gain Distributions can add to your taxable income. That happened to us in 2009 when there was chaos in the mortgage industry. I guess there's no problem if your GNMA is in tax-deferred accounts (or Roth accounts).
by krow36
Thu Jun 25, 2020 11:49 pm
Forum: Personal Investments
Topic: Advise on Index Funds
Replies: 10
Views: 1244

Re: Advise on Index Funds

IRA (through Matson Money): • Husband: $25,415.19, Long Term Growth (75% E25% FI) (FM Funds); o Domestic Equity: RBB Free Market US Equity Inst; Ticker: FMUEX; o Fixed Income: RBB Free Market Fixed Income; Ticker FMFIX; o International Equity: RBB Free Market Intl Equity; Ticker: FMNEX • Myself: $1...
by krow36
Fri Jun 05, 2020 12:15 am
Forum: Personal Investments
Topic: Anyone have a Transamerica 403b?
Replies: 1
Views: 218

Re: Anyone have a Transamerica 403b?

Most public school districts offer both a 403b and a 457b plan to their employees. It's usual that the district allows several, often dozens, of vendors. Most vendors do sell various forms of annuities. Hopefully her district also has one of the low-cost vendors that offer custodial accounts. That u...
by krow36
Sat May 23, 2020 12:21 am
Forum: Personal Investments
Topic: Portfolio Assistance
Replies: 5
Views: 472

Re: Portfolio Assistance

The AF Balanced Portfolio ABALX has a front-end load of 5.75% as do most AF funds. That as well as the higher ER makes it worthwhile to SERIOSLY consider a workaround that IRS allows. If her SIMPLE IRA a Form 5305, she can contribute to an AF no-load MM and transfer the balance periodically (monthly...
by krow36
Tue May 19, 2020 1:44 pm
Forum: Personal Investments
Topic: New to Vanguard!
Replies: 46
Views: 3531

Re: New to Vanguard!

After initial conversion, I will only pay taxes on what I contribute correct? say the 12K per year combined for the both of us. After the conversion of your traditional IRAs to Roth IRAs, you will be able to use the backdoor Roth IRA process. That involves using after-tax money to contribute to a n...
by krow36
Sat May 16, 2020 10:45 pm
Forum: Personal Investments
Topic: Annuity and 3-Fund Portfolio
Replies: 14
Views: 1092

Re: Annuity and 3-Fund Portfolio

It sounds like you have a variable annuity, where you can select various funds (sub accounts), rather than a fixed annuity with a guaranteed minimum interest rate? You don't say if it's qualified (in an IRA or retirement account) or non-qualified (you put after-tax money into it). If it's qualified,...
by krow36
Fri Feb 14, 2020 9:40 pm
Forum: Personal Investments
Topic: Roll over from 457b from Ohio deferred compensation to roth IRA- tax consequences?
Replies: 29
Views: 1004

Re: Roll over from 457b from Ohio deferred compensation to roth IRA- tax consequences?

It is obviously a great plan, but sometimes former employees pay more than current employees. The question is if that is happening here and if yes, it is worth it? I think it is very unlikely that a state-run 457b plan will have higher fees for former employees than they have for current employees....
by krow36
Fri Feb 14, 2020 5:16 pm
Forum: Personal Investments
Topic: Lincoln Investments "Participant Directed Platform"
Replies: 72
Views: 13058

Re: Lincoln Investments "Participant Directed Platform"

Thanks dalbright for the update and details on the account number needed for the district's salary reduction agreement. Congratulations!