Search found 2244 matches

by krow36
Sun Dec 01, 2019 8:01 pm
Forum: Personal Investments
Topic: Defined Contribution Deposit Rules
Replies: 5
Views: 417

Re: Defined Contribution Deposit Rules

I don't know the rules you are looking for, but a 401k is governed by ERISA, while many 403b plans are non-ERISA. Governmental 457 plans are also non-ERISA and could have different rules than non-governmental 457 plans. Can you be more specific on which category of defined contribution plan you have?
by krow36
Sun Dec 01, 2019 7:40 pm
Forum: Personal Investments
Topic: 403b to TIRA question
Replies: 8
Views: 357

Re: 403b to TIRA question

I think your understanding of the Backdoor Roth process is correct. Hopefully you've been completing a Form 8606 for each of those years.
by krow36
Tue Nov 26, 2019 10:45 pm
Forum: Personal Investments
Topic: 403b stuck with Valic. Help!
Replies: 11
Views: 589

Re: 403b stuck with Valic. Help!

I'm a bit confused, but it sounds like you are currently a school district employee. It that is so, can you give us the current 403b vendor list? In CA, you can get it from the 403bcompare.com website. You should be able to transfer your old VALIC 403b to any vendor on your current district's 403b v...
by krow36
Tue Nov 26, 2019 3:57 pm
Forum: Personal Investments
Topic: New Investor Seeking Financial Advice, Uncertain What Financial Services Would Be Right For Me
Replies: 37
Views: 1981

Re: New Investor Seeking Financial Advice, Uncertain What Financial Services Would Be Right For Me

I suggest you look over Laura’s Investment Planning: https://www.bogleheads.org/forum/viewtopic.php?t=6211 Your idea of investing in broad-based index mutual funds is a good one. Laura’s article discusses the ratio between your stock and your bond fund percentages. That’s something only you can deci...
by krow36
Mon Nov 25, 2019 11:15 pm
Forum: Personal Investments
Topic: Need help with my retirement plan.
Replies: 6
Views: 856

Re: Need help with my retirement plan.

I am interested in supplementing my pension with one of my employer’s 403b or 457b/Roth 457 plans and need help deciding which one. The CalSTRS Pension2 offers both a good 403b and a 457 plan. There is an added 0.25% admin fee added to some very low-cost Vanguard funds among others. https://www.cal...
by krow36
Sun Nov 24, 2019 8:51 pm
Forum: Personal Investments
Topic: Mutual of America 403(b) Thrift
Replies: 7
Views: 342

Re: Mutual of America 403(b) Thrift

Mutual of America is an insurance company and this 403b is annuity-based rather than a mutual fund based custodial account 403b(7). You need to find out the Tier of your employer’s plan. That determines the Separate Account Charge and maybe also the funds’ expense ratio. The Tire 3 funds expense rat...
by krow36
Fri Nov 22, 2019 11:46 pm
Forum: Personal Investments
Topic: 403b Mutual of America vs T Rowe Price
Replies: 26
Views: 1250

Re: 403b Mutual of America vs T Rowe Price

I was able to get in touch with a rep and he stated that for our Org the fees fall under the Tier 3, which is .45%, plus the fund costs. I asked him to send me the info on the funds' costs, but there are common names, such as Fidelity and Vanguard, but are structured under the annuity. You should b...
by krow36
Fri Nov 22, 2019 12:42 am
Forum: Personal Investments
Topic: 403b Mutual of America vs T Rowe Price
Replies: 26
Views: 1250

Re: 403b Mutual of America vs T Rowe Price

The untitled pages that you've supplied look like they are from Mutual of America? They are referring to an annuity-based 403b plan and it looks too expensive. TR Price provides mutual fund-based 403b(7) custodial plans and they are almost certainly lower cost than any annuity 403b. If you want feed...
by krow36
Tue Nov 19, 2019 10:03 pm
Forum: Personal Investments
Topic: Portfolio Review
Replies: 5
Views: 959

Re: Portfolio Review

1789, I have been reading posts on High Yield Corp, I think it's gone. The taxable account in High Yield is at a $1200 loss and the rollover High Yield is about even. How can a fund showing a +13.99% return for the year have a loss? A fund in your taxable account can have capital loss on its sale i...
by krow36
Sat Nov 16, 2019 2:01 pm
Forum: Personal Investments
Topic: Help with this portfolio. Asset Allocation
Replies: 2
Views: 489

Re: Help with this portfolio. 100% stock.

For him, he has been maxing out his traditional 401k plan at work, his Traditional IRA, and his HSA. Going forward in 2020 he will start contributing $26,000 to a Roth 401k, $7,000 Roth conversion IRA , and $4,500 in his HSA. Provided we can make our money stretch that far. He does work on the side...
by krow36
Fri Nov 15, 2019 12:37 am
Forum: Personal Investments
Topic: Widow and investments
Replies: 33
Views: 3391

Re: Widow and investments

This is the option available in 457 https://www.varetirement.org/cashmatch/investments/fund-profiles.html Questions: 1. Should I invest in 403b with Lincoln Financial group or 457 Deferred compensation plan ( 30 $ annual maintenance fee )with the above options. The VA state 457 plan is excellent. I...
by krow36
Fri Nov 15, 2019 12:03 am
Forum: Personal Investments
Topic: SIMPLE IRA - Transfer of Funds from Edward Jones to Fidelity (Send help!)
Replies: 70
Views: 6026

Re: SIMPLE IRA - Transfer of Funds from Edward Jones to Fidelity (Send help!)

Glad to learn that it's all set up at Vanguard! Thanks for the update. :D
by krow36
Fri Nov 01, 2019 2:17 pm
Forum: Personal Investments
Topic: Simple IRA through work - do these changes still make sense due to commission fees?
Replies: 3
Views: 262

Re: Simple IRA through work - do these changes still make sense due to commission fees?

I think it is totally unreasonable to pay such a high fee to make use of the AF’s brokerage service. It’s very hard for me to believe that the fee could be that high! :( You can move any portion of your AF SIMPLE IRA balance to Vanguard. Because you have contributed to the SIMPLE account for more th...
by krow36
Tue Oct 29, 2019 11:42 pm
Forum: Personal Investments
Topic: Rolling over an tax deferred IRA into a 403b
Replies: 1
Views: 155

Re: Rolling over an tax deferred IRA into a 403b

I currently have a rollover IRA (tax deferred) account with about 20K in it at Schwab. My question is two part: 1. Does the continue existence of this count prevent me from executing the "back-door" Roth IRA procedure? In other words, does this account violate the pro-rata rule? The rollover IRA wi...
by krow36
Tue Oct 22, 2019 7:39 pm
Forum: Personal Investments
Topic: Need advice for IRA co-mingling
Replies: 6
Views: 388

Re: Need advice for IRA co-mingling

There's a Form 8606 for each year and can be downloaded here: https://apps.irs.gov/app/picklist/list/ ... earch=Find
by krow36
Tue Oct 22, 2019 7:22 pm
Forum: Personal Investments
Topic: Workplace 401k options to achieve 3 fund type-portfolio
Replies: 7
Views: 550

Re: Workplace 401k options to achieve 3 fund type-portfolio

Please supply the names of the funds in addition to the tickers.
by krow36
Tue Oct 22, 2019 6:58 pm
Forum: Personal Investments
Topic: New Simple IRA plan - Questions on what to do
Replies: 8
Views: 474

Re: New Simple IRA plan - Questions on what to do

Are the steps below correct: Simple IRA starts Sept 2019. Fully funded in 2019, 2020, & 2021 $6000 post-tax contribution to tIRA in 2019, 2020, & 2021 Roll-over Simple into i401k after Sept 2021. Convert complete balance of tIRA to Roth IRA after Sept 2021 You want to keep your SIMPLE IRA account o...
by krow36
Tue Oct 22, 2019 6:13 pm
Forum: Personal Investments
Topic: New Simple IRA plan - Questions on what to do
Replies: 8
Views: 474

Re: New Simple IRA plan - Questions on what to do

This plan only works well if your employer actually does change from a SIMPLE IRA to a 401k in 2 years. I would not make a plan based on that hope unless they are telling you it will almost certainly happen. The 2 years is the time since the first contribution to the SIMPLE IRA, and isn't related t...
by krow36
Tue Oct 22, 2019 2:40 pm
Forum: Personal Investments
Topic: New Simple IRA plan - Questions on what to do
Replies: 8
Views: 474

Re: New Simple IRA plan - Questions on what to do

To clarify, I would be able to convert my 2 years worth of non-deductible tIRA contributions into a Roth after the two year limitation of my Simple IRA rollover is complete. If not, why is this option better moving the tIRA contributions to my wife's 401k? It depends on whether you put high value o...
by krow36
Tue Oct 22, 2019 1:43 am
Forum: Personal Investments
Topic: New Simple IRA plan - Questions on what to do
Replies: 8
Views: 474

Re: New Simple IRA plan - Questions on what to do

I think your idea of moving the SIMPLE IRA balance into your solo 401k after the 2 year period is a good one. Move it in say Oct/Nov so that there is a very low balance on Dec 31. This would be an annual process. During those 2 years, you could contribute to a non-deductible tIRA and after the SIMPL...
by krow36
Mon Oct 21, 2019 6:50 pm
Forum: Personal Investments
Topic: Odds of Illinois Teacher Pension Solvency to use for Planning Purposes
Replies: 27
Views: 3044

Re: Odds of Illinois Teacher Pension Solvency to use for Planning Purposes

Some news about the IL TRS Tier 3 plan, which is hybrid, a combination of DB and DC.
https://www.trsil.org/news-and-events/Tier_3
by krow36
Mon Oct 21, 2019 2:10 pm
Forum: Personal Investments
Topic: Transferring Simple IRA from previous employment
Replies: 3
Views: 333

Re: Transferring Simple IRA from previous employment

It will be 2 years this coming June, so it seems going the transfer or frozen option with T Rowe and switching into a Roth at that time would be best to maximize dollar return and avoid minimal taxes/penalties? Yes, see if TRP will let you set up a transfer SIMPLE IRA account. If they won't, Vangua...
by krow36
Sun Oct 20, 2019 11:47 pm
Forum: Personal Investments
Topic: Transferring Simple IRA from previous employment
Replies: 3
Views: 333

Re: Transferring Simple IRA from previous employment

If it has been less than 2 years since you made your first contribution to the SIMPLE IRA account, you can only transfer it to another SIMPLE IRA. After 2 years, you can transfer it to a traditional or to a Roth IRA. Because the balance is about 5k, converting to a Roth will not add significantly to...
by krow36
Sun Oct 20, 2019 11:28 pm
Forum: Personal Investments
Topic: Does anyone know what the AXA 403(b) fees are?
Replies: 22
Views: 9817

Re: Does anyone know what the AXA 403(b) fees are?

I was able to go through the vanguard/newport group 403b enrollment for my wife. The school district name was in the pull down, they accepted the application and opened the account. I then received a letter from the school district plan administrator stating that vanguard was not an approved provid...
by krow36
Fri Oct 18, 2019 1:19 pm
Forum: Personal Investments
Topic: Does anyone know what the AXA 403(b) fees are?
Replies: 22
Views: 9817

Re: Does anyone know what the AXA 403(b) fees are?

2%?! That's so disgusting it makes me angry for you. My wife's 403b with her school district is straight through Vanguard. Vanguard even waives whatever tiny fee they add to 403b accounts because of her other assets held there. Only fees are those garnered through the fund's ERs. Granted admiral fu...
by krow36
Thu Oct 17, 2019 8:37 pm
Forum: Personal Investments
Topic: Married, unemployed, and wanting to open a Roth IRA 
Replies: 9
Views: 804

Re: Married, unemployed, and wanting to open a Roth IRA 

If you file Married Filing Separately and you lived with your spouse at any time during the year, your ability to contribute to a Roth IRA is severely restricted. The contribution is phased out at an Adjusted Gross Income is 10k. At 5k AGI you can only contribute 3k, half the maximum of 6k. At 9k AG...
by krow36
Thu Oct 17, 2019 12:50 am
Forum: Personal Investments
Topic: 401a, 403b and 457b
Replies: 30
Views: 1804

Re: 401a, 403b and 457b

ok you are definitely much more gifted than me with their website! I was not able to find the 457b enrollment forms. Were you? I guess it's a matter of trial and error, and faith that it must be there somewhere? The link to the FAQ shows a menu that includes the Resource Center. You’ll find the 457...
by krow36
Wed Oct 16, 2019 11:33 pm
Forum: Personal Investments
Topic: 401a, 403b and 457b
Replies: 30
Views: 1804

Re: 401a, 403b and 457b

Ok thanks! Very useful! Where did you read that Aspire gives access to Vanguard funds? One of the FAQ: What mutual funds are available? Aspire has access to a universe of over 20,000 mutual funds within over 400 fund families. Many plans are restricted to certain fund families by their school distr...
by krow36
Wed Oct 16, 2019 7:45 pm
Forum: Personal Investments
Topic: American Funds/Capital Group transfer out fees
Replies: 4
Views: 649

Re: American Funds/Capital Group transfer out fees

Several years ago on the phone, American Funds told us that they did not require a Medallion Signature for a transfer to Vanguard of a SIMPLE IRA if the balance was less than $250,000.
by krow36
Wed Oct 16, 2019 7:25 pm
Forum: Personal Investments
Topic: 401a, 403b and 457b
Replies: 30
Views: 1804

Re: 401a, 403b and 457b

The Fidelity 403b is lower cost than the Aspire 457 plan, so there's a 403b advantage in her case. Of course Fidelity could (should?) be added to the 457 vendor list. we asked HR, "Unfortunately, we do not have a say in whom can be an approved vendor, that is something that Envoy administers. You c...
by krow36
Wed Oct 16, 2019 4:55 pm
Forum: Personal Investments
Topic: 401a, 403b and 457b
Replies: 30
Views: 1804

Re: 401a, 403b and 457b

Spirit Rider wrote:
Wed Oct 16, 2019 4:25 pm
krow36 wrote:
Wed Oct 16, 2019 4:04 pm
If you read the link on the 401a, you'll learn that the employee contributes 7.5% of salary that is matched by 7.5% from the employer.
I see this in the link. "Combined employee/employer contribution is 7.5% of compensation.""
Yes, my mistake! Thanks Spirit Rider.
by krow36
Wed Oct 16, 2019 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: Convincing a small business employer to offer a 401k/Simple IRA
Replies: 9
Views: 720

Re: Convincing a small business employer to offer a 401k/Simple IRA

I think you should give serious consideration to a SIMPLE IRA. Although there are administration chores, there are no admin fee at Fidelity or Vanguard. It is an annual plan that must be renewed each October for the following calendar year, so it is easy to drop if a 401k was desired in the future. ...
by krow36
Wed Oct 16, 2019 4:04 pm
Forum: Personal Investments
Topic: 401a, 403b and 457b
Replies: 30
Views: 1804

Re: 401a, 403b and 457b

The 401a plan is for employees not covered by the PERS or STRS pension plans. Is that the case with your wife? ok I will ask her. I'm not really familiar with how these plans work. The employee does not contribute directly to the 401a? Only the employer contributes to this plan proportionally to wh...
by krow36
Wed Oct 16, 2019 2:50 pm
Forum: Personal Investments
Topic: 401a, 403b and 457b
Replies: 30
Views: 1804

Re: 401a, 403b and 457b

It looks like, by priority, we should - first, contribute to the 401a (because there is an employer contribution): https://www.livermoreschools.org/cms/lib/CA50000061/Centricity/Domain/1907/APPLE%20Flyer_041619_rk.pdf - then the 457b (because we can withdraw without penalties) - and last to the 403...
by krow36
Sun Oct 13, 2019 10:47 pm
Forum: Personal Investments
Topic: SC teacher retirement help
Replies: 14
Views: 1460

Re: SC teacher retirement help

Vanguard does not offer annuities in their 403b plan. You haven't shown us a list of the Charleston school district 403b vendors. The district says there "are several", but you need to find out who they are, and a link to their funds and fees. You should only be interested in plans that offer mutual...
by krow36
Sat Oct 12, 2019 6:10 pm
Forum: Personal Investments
Topic: SIMPLE IRA - Transfer of Funds from Edward Jones to Fidelity (Send help!)
Replies: 70
Views: 6026

Re: SIMPLE IRA - Transfer of Funds from Edward Jones to Fidelity (Send help!)

Are you a Voyager client? That requires that your and your immediate family’s Vanguard balance is over 50k. SIMPLE IRA FEES $25 for each Vanguard mutual fund in each account. HOW YOU CAN AVOID THE FEE We'll waive the fee if you're a Voyager, Voyager Select, Flagship, or Flagship Select client. https...
by krow36
Sat Oct 12, 2019 12:24 pm
Forum: Personal Investments
Topic: What are the tax consequences of exchg out of a tax exempt fund?
Replies: 4
Views: 468

Re: What are the tax consequences of exchg out of a tax exempt fund?

If you have been reinvesting the monthly dividends, they have been added to the Cost Basis. The difference between the total cost basis and the total current value is the capital gain. Although the dividends do not add to your taxable income, they are included in capital gain or loss calculations if...
by krow36
Thu Oct 10, 2019 10:56 pm
Forum: Personal Investments
Topic: Filling out annual SIMPLE IRA contribution form with catch-up
Replies: 2
Views: 218

Re: Filling out annual SIMPLE IRA contribution form with catch-up

Why not talk to or send a note to HR or whoever does the SIMPLE IRA bookwork ahead of time and give them a heads-up? The Form 5305 you filled out stays with the employer (is not sent to the IRS) so it's an office problem, not a vendor or IRS problem.
by krow36
Sat Oct 05, 2019 10:27 pm
Forum: Personal Investments
Topic: Widow and investments
Replies: 33
Views: 3391

Re: Widow and investments

Sounds like investing in 403b is a good start. Here are the options: From Lincoln financial group. NEIAX (ER )0.45 NTIAX (ER) 0.46 VGSLX (ER)0.10 ACITX (ER)0.47 DODIX (ER) 0.43 Rest all the options have high ERs. My desired AA 72/28 My 28 % is well secured in CDs/ HYSA Need advice on how to manage ...
by krow36
Sat Oct 05, 2019 10:10 pm
Forum: Personal Finance (Not Investing)
Topic: Public Service Loan Forgiveness - Non Profit employees
Replies: 36
Views: 1836

Re: Public Service Loan Forgiveness - Non Profit employees

Ron Lieber of the New York Times has written a series of articles about the problems of the student loan forgiveness program.
https://www.nytimes.com/2019/02/22/your ... ion=Footer
by krow36
Sat Oct 05, 2019 8:05 pm
Forum: Personal Investments
Topic: SC teacher retirement help
Replies: 14
Views: 1460

Re: SC teacher retirement help

Is anyone here familiar with retirement options for state employees and teachers in SC? My wife currently chooses the State ORP which requires 9% contribution and the employer contributes 5%. There appears to be 4 service providers -- MassMutual, MetLife Resources, TIAA, and AIG Retirement Services...
by krow36
Fri Oct 04, 2019 10:01 pm
Forum: Personal Investments
Topic: Widow and investments
Replies: 33
Views: 3391

Re: Widow and investments

I also found out I have 403 b and 457 plans available through employment. What do they mean? and how much to put in them? If you are a public school teacher, you are likely to have to choose a 403b and/or 457 vendor from a list that your school district maintains. Most school districts allow multip...
by krow36
Fri Oct 04, 2019 2:05 am
Forum: Personal Investments
Topic: 75 year old widow (my mom) retirement portfolio suggestions, RMD's - 2.35M assets
Replies: 25
Views: 2162

Re: 75 year old widow (my mom) retirement portfolio suggestions, RMD's - 2.35M assets

- I view the NYC TDA as being "special" and would like to avoid taking RMD's from it. I believe you can aggregate the RMD's from 403b's and IRA's. Would it be worth while to call the NYC TDA and ask if we can not take RMD's from this account as long as we take the required RMD from the TDA from IRA...
by krow36
Tue Oct 01, 2019 7:52 pm
Forum: Personal Investments
Topic: Setting up a Vanguard frozen SIMPLE IRA
Replies: 5
Views: 535

Re: Setting up a Vanguard frozen SIMPLE IRA

I called Vanguard and told them I wanted to set up a "frozen" SIMPLE IRA. They emailed me a PDF with the application. A few pages in there is the option to choose a frozen account that only accepts transfers. Filled it out, checked the box, mailed it in, and a week later the account appeared in my ...
by krow36
Tue Oct 01, 2019 6:36 pm
Forum: Personal Investments
Topic: Setting up a Vanguard frozen SIMPLE IRA
Replies: 5
Views: 535

Re: Setting up a Vanguard frozen SIMPLE IRA

You haven’t mentioned whether your employer’s SIMPLE IRA is a Form 5304 or a Form 5305 account. If it’s a Form 5305 account, then your can set up a “frozen” transfer SIMPLE account at Vanguard. I don’t know if Schwab will set up such a SIMPLE account. At least at Vanguard, the employer is not requir...
by krow36
Wed Sep 25, 2019 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: Schwab SIMPLE IRA statements
Replies: 6
Views: 429

Re: Schwab SIMPLE IRA statements

Here’s a related experience with a Vanguard SIMPLE IRA: A relative’s office help entered the relative’s (the business owner) employee contributions as the employer contribution and visa versa. The online account showed the contributions in the wrong column. Vanguard would not make a correction. They...
by krow36
Wed Sep 18, 2019 10:42 pm
Forum: Personal Investments
Topic: How to invest in my 403b
Replies: 6
Views: 567

Re: How to invest in my 403b

Have you considered the MFS Lifetime Income Fund – MLLHX 1%? In another thread you mentioned you wanted a 10% bond allocation. At 10%, this no load fund with an ER of 1% will not increase your weighted ER significantly.
by krow36
Wed Sep 18, 2019 10:24 pm
Forum: Personal Investments
Topic: SIMPLE IRA - Transfer of Funds from Edward Jones to Fidelity (Send help!)
Replies: 70
Views: 6026

Re: SIMPLE IRA - Transfer of Funds from Edward Jones to Fidelity (Send help!)

Have you checked with Fidelity about which funds you can access in their SIMPLE IRA? When I looked earlier this year, I couldn't see any low cost index funds on Fidelity's SIMPLE IRA allowed funds. It sure does look like there are no index funds on the Fidelity SIMPLE IRA fund list! :( So much for ...
by krow36
Wed Sep 18, 2019 8:17 pm
Forum: Personal Investments
Topic: SIMPLE IRA - Transfer of Funds from Edward Jones to Fidelity (Send help!)
Replies: 70
Views: 6026

Re: SIMPLE IRA - Transfer of Funds from Edward Jones to Fidelity (Send help!)

I don't think that Fidelity's using a Form 5305 SIMPLE IRA is a problem. Vanguard told me that they would handle a Form 5304 "refugee" (my term) the same way. They said they do not do Form 5304 SIMPLE IRA accounts. Remember that the signed Form 530X is not sent to Vanguard or to the IRS. It stays in...
by krow36
Tue Sep 17, 2019 10:48 pm
Forum: Personal Investments
Topic: SIMPLE IRA - Transfer of Funds from Edward Jones to Fidelity (Send help!)
Replies: 70
Views: 6026

Re: SIMPLE IRA - Transfer of Funds from Edward Jones to Fidelity (Send help!)

Thank you all very much. This is quite helpful. I will be needing to do a lot of hand-holding on this as the business is balking at following the requirement to allow a choice of a financial institution in accordance with 5304. I noticed in form 5304 that where it allows me to name my FI, it asks f...