Search found 6507 matches

by Duckie
Fri Apr 19, 2019 6:07 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth
Replies: 7
Views: 341

Re: Backdoor Roth

I've never done a Roth conversion, but my understanding is that it is a taxable event, not a dodge. Altho I suppose you have to be somewhat well-off to take advantage of it--that is, pay the tax. The standard Roth IRA conversion is a taxable event because you are converting pre-tax assets into Roth...
by Duckie
Fri Apr 19, 2019 5:26 pm
Forum: Personal Investments
Topic: Portofolio review
Replies: 2
Views: 212

Re: Portofolio review

Age:38 Desired Asset allocation: 80% stocks /20% bonds 20% bonds is a little low for age 38. Desired International allocation: 20% of stocks only (15% of entire portfolio) This is reasonable. Taxable - Vanguard 65% Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX) (0.04 expense ratio) 1...
by Duckie
Fri Apr 19, 2019 5:00 pm
Forum: Personal Investments
Topic: Starting a Backdoor Roth IRA
Replies: 3
Views: 191

Re: Starting a Backdoor Roth IRA

We are a working married couple, who file joint-taxes, each with traditional IRAs. Given our income is above the limit to contribute directly to a Roth IRA, can we both do 2 individual ROTH conversions? One for me and one for my wife. You are both allowed to make non-deductible contributions to you...
by Duckie
Thu Apr 18, 2019 6:00 pm
Forum: Personal Investments
Topic: Beginner Investor Questions
Replies: 14
Views: 986

Re: Beginner Investor Questions

I can't find any low-cost stock index funds on the list. Would you guys be so kind as to take a look at the list of options, and offer a recommendation? We really need the plan expense ratios. Costs matter. However, I see several index options: RT L&G S&P 500 DC A -- Large caps, 80% of US stocks RT...
by Duckie
Thu Apr 18, 2019 5:26 pm
Forum: Personal Investments
Topic: Best way to take out cash
Replies: 2
Views: 540

Re: Best way to take out cash

sterlingmossy , welcome to the forum. I am looking to make a private stock investment and need to remove money from my balanced portfolio. If I take the money from one asset class I will, of course, be unbalanced. What is the best/most efficient way to remove the money and rebalance? If you have bo...
by Duckie
Wed Apr 17, 2019 9:10 pm
Forum: Personal Investments
Topic: 401k Investment Allocation
Replies: 3
Views: 258

Re: 401k Investment Allocation

txtaxcpa , welcome to the forum. My Wife's 401k has not done particularly well beyond the match her employer provides over the 4 years. She has really made about 10% gains overall in that time based on my rough math Some of her chosen options are a little expensive and that will affect her account ...
by Duckie
Wed Apr 17, 2019 8:59 pm
Forum: Personal Investments
Topic: New job, please critique our investment plan
Replies: 20
Views: 899

Re: New job, please critique our investment plan

My only concern presently about rolling the 403(b) over is that it currently houses all of our international stock. I am under the impression that the I Fund is not as good. The TSP I Fund is not as complete at the moment. But that is supposed to change by the end of 2019. It will be similar to VTI...
by Duckie
Wed Apr 17, 2019 8:43 pm
Forum: Personal Finance (Not Investing)
Topic: Young Couple Seeking Financial Advice From Bogleheads
Replies: 27
Views: 2579

Re: Young Couple Seeking Financial Advice From Bogleheads

I use the 401k entirely for equities, and bonds are kept in the roth. The breakout is below His 401k FXAIX Fidelity 500 Index Fund - Institutional Premium - 57% - ER: .015% FSMDX Fidelity Mid Cap Index Fund - Institutional Premium - 7% - ER: .025% FSSNX Fidelity Small Cap Index Fund - Institutional...
by Duckie
Wed Apr 17, 2019 8:00 pm
Forum: Personal Investments
Topic: New job, please critique our investment plan
Replies: 20
Views: 899

Re: New job, please critique our investment plan

Kettlebells wrote:Does the fact that you did not comment on any other aspect of our plan mean that you believe that it looks good?
Yes.
by Duckie
Wed Apr 17, 2019 6:58 pm
Forum: Personal Investments
Topic: New job, please critique our investment plan
Replies: 20
Views: 899

Re: New job, please critique our investment plan

Kettlebells , welcome to the forum. We will not buy bonds initially. We will exchange C and S for the G fund quarterly so that the G fund comprises 25% of our portfolio. Once the TSP is comprised solely of the G fund then we will begin exchanging VSMPX and VGTSX in my old 403(b) for investor shares...
by Duckie
Wed Apr 17, 2019 6:50 pm
Forum: Personal Investments
Topic: Beginner Investor Questions
Replies: 14
Views: 986

Re: Beginner Investor Questions

Seananigans , welcome to the forum. What is the best process to follow in comparing fund costs? So far I have been looking at these factors: load vs. no load, expense ratio, and any related fees associated with purchasing. Any other big factors I'm overlooking and should be considering? That's pret...
by Duckie
Wed Apr 17, 2019 6:21 pm
Forum: Personal Investments
Topic: Advice and direction for new 401k and fund options
Replies: 6
Views: 252

Re: Advice and direction for new 401k and fund options

Thoughts on these options? The best options are: Northern Trust S&P 500 Index (0.10%) -- Large caps, 80% of US stocks Northern Trust Extended Equity Market Index (??) -- Mid/small caps, 20% of US stocks Northern Trust All Country World ex-US IMI (0.25%) -- Complete international stocks Northern Tru...
by Duckie
Wed Apr 17, 2019 5:51 pm
Forum: Personal Investments
Topic: Ditching Edward Jones...but need some advice & guidance
Replies: 9
Views: 1220

Re: Ditching Edward Jones...but need some advice & guidance

Rebels38 wrote:My main question is with a single account. Can this be rolled over in kind with Vanguard or Fidelity?
You can type the ticker symbols into the search boxes on Vanguard's website and Fidelity's website. If they can't take the asset "in kind" they will say so.
by Duckie
Wed Apr 17, 2019 5:23 pm
Forum: Personal Investments
Topic: A separate traditional IRA acccount?
Replies: 45
Views: 2476

Re: A separate traditional IRA acccount?

annabel wrote:Can I convert more than $7000 from TIRA to Roth per year?
Yes, but now you're talking about a regular conversion, not the backdoor method.
by Duckie
Tue Apr 16, 2019 6:13 pm
Forum: Personal Investments
Topic: 401k Rollover from Wells Fargo to Vanguard IRA
Replies: 4
Views: 209

Re: 401k Rollover from Wells Fargo to Vanguard IRA

I am trying to roll over my account to Vanguard traditional IRA. It's been really painful to deal with Wells Fargo to roll over. Wells fargo customer service is very frustrating. My local advisor is not with Wells Fargo anymore. Can I just close my account and send the check to Vanguard myself? Wel...
by Duckie
Tue Apr 16, 2019 5:10 pm
Forum: Personal Investments
Topic: Is it OK to change cost basis method midyear?
Replies: 5
Views: 590

Re: Is it OK to change cost basis method midyear?

For example, say in January 2019 I sold all my VTSAX shares using AvgCost for a realized gain of $5,000. In April 2019, I sell some of my VBMFX shares for a realized loss of $4,000 using SpecID. On my 2019 tax return, can I now only report a $1,000 capital gain even though I used different cost bas...
by Duckie
Tue Apr 16, 2019 4:50 pm
Forum: Personal Investments
Topic: Converting to BH philosophies...suggestions?
Replies: 10
Views: 1101

Re: Converting to BH philosophies...suggestions?

What changes do you think we need? Definitely roll his old 401k into a rollover IRA. The options are so much better. ________________ The following example has an AA of 53% stocks, 47% bonds, with 20% of stocks in international. That breaks down to 42% US stocks, 11% international stocks, and 47% U...
by Duckie
Mon Apr 15, 2019 6:20 pm
Forum: Personal Finance (Not Investing)
Topic: Recharacterizing TRAD Ira
Replies: 3
Views: 196

Re: Recharacterizing TRAD Ira

Last year I put 6,500 in a Trad-Ira, but discovered this year that only 790 of that was eligible, because of income limits. Have you confirmed you're under the Roth IRA income limits ? I'm assuming that today is the last day that I can recharacterize the 5,710, yes? According to this post you have ...
by Duckie
Mon Apr 15, 2019 5:20 pm
Forum: Personal Investments
Topic: 40 years old and just trying to figure it out
Replies: 30
Views: 3816

Re: 40 years old and just trying to figure it out

cwwolf wrote:
ruralavalon wrote:But first is there a work-based plan (such as a 401k, 403b, 457, etc.) with your employer?
No.
Are you sure? You say you work for NYS. If that means New York State, they have a Deferred Compensation Plan (457b).
by Duckie
Sun Apr 14, 2019 5:25 pm
Forum: Personal Investments
Topic: Please wrap your Boglehead around this
Replies: 31
Views: 5535

Re: Please wrap your Boglehead around this

I’d be interested in learning Duckie’s reasoning. Some people wait until things change for the worse to revise their circumstances. I prefer to revise preemptively. Since the OP will be inheriting a chunk of money and plans to put the majority of it in stocks, her taxes are probably going to go up....
by Duckie
Fri Apr 12, 2019 8:27 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA Tax Income Question
Replies: 12
Views: 677

Re: Roth IRA Tax Income Question

Can my wife contribute/put money into a separate Roth Ira account in my name for me even if I have a negative income number? If she can, can we both contribute $5,500 to our two separate Roth Ira accounts for the 2018 tax year? The reason I ask is because the IRS website to me clearly mentions that...
by Duckie
Fri Apr 12, 2019 6:26 pm
Forum: Personal Investments
Topic: Short-term CG - Effective or Marginal?
Replies: 3
Views: 177

Re: Short-term CG - Effective or Marginal?

Que1999 wrote:If I sold short-term gains, would they be taxed at the effective rate of 14% or marginal rate of 22%?
The marginal rate.
by Duckie
Fri Apr 12, 2019 5:20 pm
Forum: Personal Investments
Topic: Feedback on specific retirement strategy
Replies: 11
Views: 950

Re: Feedback on specific retirement strategy

During Drawdown Year 1 I sell $40k from VTSAX and VTIAX. You won't have to sell $40K worth of shares because the funds will have some dividends. In taxable set all dividends to go to your money market or settlement fund. That might cover half your needs, at least for a few years. I use the specifie...
by Duckie
Thu Apr 11, 2019 6:25 pm
Forum: Non-US Investing
Topic: IRS PDF Forms
Replies: 6
Views: 700

Re: IRS PDF Forms

The fields on the forms can be filled using Acrobat Reader (and others), but the text you type is a blue-ish purple-ish colour. I'll need to snail mail my forms so they need to be printed and signed. Should they be printed in colour, so that the entered text comes out blue/purple, or in greyscale. ...
by Duckie
Thu Apr 11, 2019 6:17 pm
Forum: Personal Investments
Topic: Two Physicians Roth and Taxable Account Questions
Replies: 5
Views: 674

Re: Two Physicians Roth and Taxable Account Questions

Concerning this, can we each contribute to our individual Roth IRA’s that we had been set up before we were married (both would be via backdoor)? You can convert to those Roth IRAs but you have to contribute to a TIRA first. And would following the above link see like the proper way to do so. Yes. ...
by Duckie
Thu Apr 11, 2019 6:05 pm
Forum: Personal Investments
Topic: Feedback on specific retirement strategy
Replies: 11
Views: 950

Re: Feedback on specific retirement strategy

$1.2m in after tax Vanguard funds which is currently split as follows: -- VG Ltd-Tm TxEx, Adm; VMLUX ; $84,000 -- VG Tot Sk Market Index; VTSAX ; $266,000 -- VG Tot Bond Market Index; VBTLX ; $661,500 -- VG Tot Intl Bond Index; VTABX ; $53,519 MORE VANGUARD AFTER TAX FUND INFORMATION VTSAX account ...
by Duckie
Thu Apr 11, 2019 5:34 pm
Forum: Personal Investments
Topic: Roth IRA ineligibility / future allocations
Replies: 6
Views: 543

Re: Roth IRA ineligibility / future allocations

Earl Lemongrab wrote:The deadline for recharacterizing a contribution is 10/15/2019.
So it's the same as the extension date?
by Duckie
Thu Apr 11, 2019 5:25 pm
Forum: Personal Investments
Topic: Please wrap your Boglehead around this
Replies: 31
Views: 5535

Re: Please wrap your Boglehead around this

Taxable 16% ($26K) VSMGX (Vanguard LifeStrategy Moderate 60/40) This does not belong in a taxable account because of the taxable bond component. Consider selling, and at least don't buy more (don't reinvest dividends). 401K 70% ($110K) NC funds for state & local government employees (No tickers) Pu...
by Duckie
Thu Apr 11, 2019 4:24 pm
Forum: Personal Investments
Topic: Help out a young investor with Roth IRA allocations
Replies: 2
Views: 202

Re: Help out a young investor with Roth IRA allocations

PersianRugs , welcome to the forum. I have $6,000 to contribute right now for the 2019 year. Should I: 1. Contribute all $6,000 into VTSAX again for 2019. That will put me at $11,500 in 100% VTSAX. Then, for the 2020 year, contribute ~$3,500 into an international fund. At 2020 that would put me at ...
by Duckie
Thu Apr 11, 2019 3:09 pm
Forum: Personal Investments
Topic: Young couple figuring out contributions, allocation, and forced 401k closure
Replies: 15
Views: 2056

Re: Young couple figuring out contributions, allocation, and forced 401k closure

Since He already made a 2018 nondeductible contribution of $5,500 and converted it to His Roth IRA, is He eligible based on the information above to additionally make a deductible contribution of $5,240 to his Traditional IRA? No. At his age the total he can contribute to all TIRA/Roth IRA accounts...
by Duckie
Wed Apr 10, 2019 6:28 pm
Forum: Personal Investments
Topic: With reduced contributions due to MAGI, would Roth or Traditional be better in our case?
Replies: 2
Views: 178

Re: With reduced contributions due to MAGI, would Roth or Traditional be better in our case?

Iluvatar , welcome to the forum. For our 2018 taxes, our MAGI puts us at ~$192,000 We are filing jointly. Wife is covered by a retirement plan, and I am not. Option 1: Contribute $3,750 each to Roth IRA for a total of $7,500 Option 2: Wife can make non-deductible $5,500 Traditional IRA. I can make ...
by Duckie
Wed Apr 10, 2019 6:12 pm
Forum: Personal Investments
Topic: Inheritance Advice for Newbie:
Replies: 13
Views: 1130

Re: Inheritance Advice for Newbie:

Age: 57 Desired Asset allocation: 65% stocks / 35% bonds 35% bonds is a little low for age 57 but not unreasonable. Desired International allocation: 20% of stocks That breaks down to 52% US stocks, 13% international stocks, and 35% bonds. Funds available in his 403b The best options are: Vanguard ...
by Duckie
Wed Apr 10, 2019 5:32 pm
Forum: Personal Investments
Topic: Mid-20s looking for advice on allocation!
Replies: 8
Views: 672

Re: Mid-20s looking for advice on allocation!

Age: 25 Desired Asset allocation: 90% stocks / 10% bonds (would like more advice on this) 10% bonds is a little low, but not unreasonable for your age. Desired International allocation: 25-30% of stocks (again advice would be appreciated) Vanguard has found between 20% and 40% of stocks in internat...
by Duckie
Wed Apr 10, 2019 4:47 pm
Forum: Personal Investments
Topic: Transfering assets from Kestra to Vanguard
Replies: 5
Views: 302

Re: Transfering assets from Kestra to Vanguard

HE PREVIOUSLY MENTIONED WE COULD POSSIBLY GET 90 CENTS ON THE DOLLAR. WE HAVE 220k IN THESE FUNDS AND THAT IS A STEEP PENALITY I FEAR. If you could sell now for 90 cents on the dollar, how much longer would you have to hold them at your current custodian in order to sell them without that price cut...
by Duckie
Tue Apr 09, 2019 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: Wash Sale & Capital Gains
Replies: 4
Views: 237

Re: Wash Sale & Capital Gains

DannyBoyNE , welcome to the forum. If I were now to sell the mutual fund shares and immediately purchase shares of the corresponding ETFs, would I owe taxes on the gains, or would the basis just be transferred to the new holdings? You don't want to sell and then buy. You want to convert. If your tw...
by Duckie
Tue Apr 09, 2019 3:52 pm
Forum: Personal Investments
Topic: Help with 401k "math"
Replies: 5
Views: 718

Re: Help with 401k "math"

EricInAtlanta , welcome to the forum. I am looking to go from TRP 2040 Target Fund and use my Vanguard Index choices to represent a 85/15 balance. Let me know if the math looks good (and any other opinions!) That'll work. I'd simplify it -- 42/10/33/15. VTIAX 33% (Got the 33% from the Vanguard 2040...
by Duckie
Tue Apr 09, 2019 3:31 pm
Forum: Personal Investments
Topic: Roth IRA ineligibility / future allocations
Replies: 6
Views: 543

Re: Roth IRA ineligibility / future allocations

After the re-characterization, 100% of the tIRA will be non-deductible amounts. So, we will only need to pay taxes on any gain that occurs on the day between re-characterization and conversion, correct? You pay taxes on the difference between the contribution amount and the conversion amount. Since...
by Duckie
Mon Apr 08, 2019 6:29 pm
Forum: Personal Finance (Not Investing)
Topic: Trying to untangle my IRA mess.[Complex]
Replies: 2
Views: 481

Re: Trying to untangle my IRA mess.[Complex]

skntwi , welcome to the forum. After reading through details surrounding backdoor roth, I found that my tIRA has both rollover contributions(from a previous 401k) and non-deductible contributions which I don't believe I filed an 8606 for(in both 2017 and 2018.) Looking at my contributions to my tIR...
by Duckie
Mon Apr 08, 2019 5:47 pm
Forum: Investing - Theory, News & General
Topic: Find out if QUALIFIED or NON QUALIFIED REIT stock
Replies: 14
Views: 761

Re: Find out if QUALIFIED or NON QUALIFIED REIT stock

advicenow wrote:I recently purchased shares of a REIT stock and I have heard that some distribute qualified, others non-qualified and some do a % of each. I cannot find an answer out for this stock, even on their company website.
What is the stock?
by Duckie
Mon Apr 08, 2019 4:46 pm
Forum: Personal Investments
Topic: Another newbie Vanguard IRA question
Replies: 7
Views: 669

Re: Another newbie Vanguard IRA question

Bogle916 , welcome to the forum. I just opened my first IRA and don't know where to drop my big hunk of money 8-) Was thinking VASGX. Just want to drop it somewhere to get the investment ball rolling. I am a 36 year old Dentist and make 300k, W2 income. VASGX is fine but you should be looking at al...
by Duckie
Mon Apr 08, 2019 4:33 pm
Forum: Personal Investments
Topic: Help with IRA/RothIRA
Replies: 25
Views: 1486

Re: Help with IRA/RothIRA

Interesting that TurboTax generates 8606 forms (8606-T for me, the "Taxpayer", and 8606-S for her, the "Spouse") without asking me for other existing tIRAs and thus it has zeros in Part I, field 6 in the forms. Is that OK? It's okay for your 2018 taxes because you didn't convert until 2019. I'm won...
by Duckie
Sun Apr 07, 2019 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: Difference between regular, promotional and account review inquiries on credit report from TransUnion?
Replies: 4
Views: 321

Re: Difference between regular, promotional and account review inquiries on credit report from TransUnion?

I know fraud alerts protect you against lines of credit being opened in your name Not necessarily. They have to be read by the company offering credit. They are not always noticed. If you really want to protect your credit you need to freeze it at the three major companies (Equifax, Experian, and T...
by Duckie
Sun Apr 07, 2019 6:44 pm
Forum: Personal Investments
Topic: 401k Allocation for someone in early 20's
Replies: 18
Views: 1028

Re: 401k Allocation for someone in early 20's

Any help on what funds I should pick at my age? Should I just go with the Target Date or go with an allocation of something else? The target-date fund is the easiest. With an expense ratio of 0.30% it's not the cheapest. The cheaper options are: Large Cap Index Fund (0.06%) -- Large caps, 80% of US...
by Duckie
Sun Apr 07, 2019 6:18 pm
Forum: Personal Investments
Topic: REITs
Replies: 4
Views: 856

Re: REITs

I've decided on buying REITs and wanted some advice on which mutual funds might be best. The Fidelity Real Estate Index Fund (FSRNX/.07 ER) looks appealing and want to buy it. Does anyone have recommendations about any others that might be good? I understand the sector risk and want to take it. I h...
by Duckie
Sun Apr 07, 2019 5:59 pm
Forum: Personal Investments
Topic: Moving away from Wells Fargo Advisors
Replies: 10
Views: 1402

Re: Moving away from Wells Fargo Advisors

AnalysisParalysis , welcome to the forum. We don't think the Duff & Phelps Global Utility Income Fund (DPG) will transfer to Fidelity, but we need to ask Fidelity about it and decide if we should just go ahead and sell it before initiating a transfer request or just let Wells Fargo liquidate it whe...
by Duckie
Sun Apr 07, 2019 5:42 pm
Forum: Personal Investments
Topic: Liquidation Strategy
Replies: 11
Views: 1723

Re: Liquidation Strategy

I am not sure if this is relevant but in terms of $ amount, the aggregate is around $82K. Roughly $60K is long-term capital (with $16K unrealized gain) and $22K short-term (with $3.5K unrealized loss). I wanted to check if there is a BH recommended approach for liquidating other investments while c...
by Duckie
Sun Apr 07, 2019 4:35 pm
Forum: Personal Investments
Topic: What is my 2018 Roth contribution eligibility
Replies: 14
Views: 701

Re: What is my 2018 Roth contribution eligibility

BobDaBlob wrote:I am intending to transfer $$ from cash holdings in our joint taxable account into each of my and my wife's Roth accounts at the same brokerage, as we've done in prior years. I consider to be "direct", and hope this is an accurate assumption.
It is.
by Duckie
Sun Apr 07, 2019 4:29 pm
Forum: Personal Investments
Topic: Juggling Retirement Accounts—Should I set up an IRA?
Replies: 7
Views: 511

Re: Juggling Retirement Accounts—Should I set up an IRA?

For the stocks, I began investing there for the sake of liquidity + greater returns than a stagnant savings account. What concerns show up for you when looking at my portfolio there? Is it the risk in individual "stock picking" or simply the future capital gains taxes or something different entirel...
by Duckie
Sun Apr 07, 2019 4:20 pm
Forum: Personal Investments
Topic: Where to enter Roth conversion in TurboTax?
Replies: 9
Views: 843

Re: Where to enter Roth conversion in TurboTax?

Duckie - if no Form 8606, where does OP put on paper the amount of untaxed conversion money that went into the Roth? The IRS sees untaxed money coming out of the 403b, but does not know it was converted into the Roth? The total distribution amount ($54,517.92) goes on line 4a of the 1040 form with ...
by Duckie
Sun Apr 07, 2019 3:01 pm
Forum: Personal Investments
Topic: Juggling Retirement Accounts—Should I set up an IRA?
Replies: 7
Views: 511

Re: Juggling Retirement Accounts—Should I set up an IRA?

Funds in his 401(k) The best options are: Vanguard Total Stock Market Index (VTSAX) (0.04%) -- Complete US stocks Vanguard Total Int'l Stock Index (VTIAX) (0.11%) -- Complete international stocks Vanguard Total Bond Market Index (VBTLX) (0.05%) -- US bonds Given your great options you should max th...