Search found 439 matches

by gostars
Sun Aug 05, 2018 12:07 am
Forum: Personal Investments
Topic: Should I do a 401K rollover to IRA?
Replies: 11
Views: 916

Re: Should I do a 401K rollover to IRA?

I you do roll the 401k assets over, it is wise to place them into a separate "rollover IRA" (most/all custodians title the accounts as such) and make sure never to co-mingle the funds with any IRA accounts that include annual IRA contributions. By doing so, you make it possible to later roll them i...
by gostars
Sat Aug 04, 2018 11:40 pm
Forum: Personal Investments
Topic: Help with work 401k and 457
Replies: 12
Views: 864

Re: Help with work 401k and 457

How about something like 30% international, 58% large cap, and 12% small cap? If the large cap index is S&P 500, then it already covers a good chunk of the larger mid caps, and most small cap funds include a good chunk of the smaller mid caps, making a dedicated mid-cap fund somewhat redundant. Some...
by gostars
Sat Aug 04, 2018 2:35 am
Forum: Personal Investments
Topic: Help with work 401k and 457
Replies: 12
Views: 864

Re: Help with work 401k and 457

What are the expense ratios for those funds (should be available in a fee document or in the fund information) and what do you have invested in each?
by gostars
Sat Aug 04, 2018 2:32 am
Forum: Personal Investments
Topic: Leaving Job - What to do with 401k?
Replies: 23
Views: 2044

Re: Leaving Job - What to do with 401k?

75% stocks, 25% bonds is a perfectly reasonable allocation for 38. 80/20 would be acceptable too if you like a bit higher risk. At 75/25 with no outside accounts I'd probably split it 40% S&P 500, 10% Russell 2000, 25% EAFE, and 25% total bond market. US stocks are roughly equivalent to the full mar...
by gostars
Sat Aug 04, 2018 2:08 am
Forum: Investing - Theory, News & General
Topic: How does one become a financial advisor?
Replies: 34
Views: 2670

Re: How does one become a financial advisor?

The Obama administration passed something called the fiduciary rule, that required financial advisors to act in the best interests of their clients. The Trump administration killed his rule by refusing to implement it and refusing to respond to the lawsuits brought against it by scammers who didn't ...
by gostars
Sat Aug 04, 2018 1:54 am
Forum: Personal Investments
Topic: Need Help with Mom’s Retirement Income
Replies: 34
Views: 4070

Re: Need Help with Mom’s Retirement Income

A SPIA seems like the best option for someone who isn't interested in modifying their lifestyle to meet a reasonable drawdown rate. It will continue to pay regardless of what the market does. I suspect the $50,600 comes from the 0% capital gains bracket of $38,600 and the $12,000 standard deduction ...
by gostars
Sat Aug 04, 2018 1:29 am
Forum: Personal Investments
Topic: Which 403b provider to choose?
Replies: 19
Views: 1473

Re: Which 403b provider to choose?

ISC looks not terrible? S&P 500 at 0.17%, small caps at 0.23%, aggregate bond at 0.30%, total international at 0.32. Not great, but it beats the hell out of the rest of that garbage.
by gostars
Fri Aug 03, 2018 10:53 pm
Forum: Personal Consumer Issues
Topic: Which diet soda pop do you enjoy?
Replies: 110
Views: 5486

Re: Which diet soda pop do you enjoy?

I'll tell you what's really good and stevia-based: put these true lemon-brand packets (my favorite is wildberry lemonade) into a sparking water with 2oz orange juice or so, and it's bloody amazing: https://www.truelemonstore.com/category-s/1853.htm My son convinced me to buy him some of those littl...
by gostars
Fri Aug 03, 2018 10:41 pm
Forum: Personal Investments
Topic: Help with rollover into IRA and future retirement plans
Replies: 49
Views: 3449

Re: Help with rollover into IRA and future retirement plans

Rolling over a Roth 401k to a Roth IRA would have no impact on the ability to do a backdoor Roth. Only traditional to traditional would matter for that. Note that employer matching contributions are always traditional, even when the employee is contributing Roth. In order to avoid pro-rata issues wh...
by gostars
Fri Aug 03, 2018 10:23 pm
Forum: Non-US Investing
Topic: Investment Strategy with resident Status constraints
Replies: 2
Views: 258

Re: Investment Strategy with resident Status constraints

Have you looked at Interactive Brokers? They're often cited as one of the best options for people with complicated citizenship/residency status.
by gostars
Fri Aug 03, 2018 10:11 pm
Forum: Personal Investments
Topic: Should I do a 401K rollover to IRA?
Replies: 11
Views: 916

Re: Should I do a 401K rollover to IRA?

I you do roll the 401k assets over, it is wise to place them into a separate "rollover IRA" (most/all custodians title the accounts as such) and make sure never to co-mingle the funds with any IRA accounts that include annual IRA contributions. By doing so, you make it possible to later roll them i...
by gostars
Fri Aug 03, 2018 10:07 pm
Forum: Personal Investments
Topic: Should I do a 401K rollover to IRA?
Replies: 11
Views: 916

Re: Should I do a 401K rollover to IRA?

With over $200k available, I'd be looking at brokerage transfer bonuses to move to a rollover IRA, and then invest in ETFs. Merrill Edge will give you $600 and platinum honors status for that kind of money, giving you 100 free trades a month plus a 75% bonus of B of A credit card awards, among other...
by gostars
Fri Aug 03, 2018 9:40 pm
Forum: Personal Investments
Topic: Which 403b provider to choose?
Replies: 19
Views: 1473

Re: Which 403b provider to choose?

Vanguard (as The Vanguard Group) and TIAA-CREF are on that list you linked, are those not available?
by gostars
Fri Aug 03, 2018 9:29 pm
Forum: Personal Investments
Topic: why is VTI more tax efficient than VTSAX
Replies: 11
Views: 4962

Re: why is VTI more tax efficient than VTSAX

Multiple independent people have calculated VTI vs. VTSAX using real numbers and confirmed that they have identical results, which should be expected given that they are just different expressions of the same thing. The fact that Morningstar's numbers are different indicates that they're missing som...
by gostars
Fri Aug 03, 2018 6:37 pm
Forum: Personal Investments
Topic: 401K and Charles Schwab PCRA Question
Replies: 3
Views: 678

Re: 401K and Charles Schwab PCRA Question

Yes, you get lower expense ratios and avoid that extra 0.30% management fee. Check the plan documents to be sure, but the .30% management fee is likely charged on the entire balance, including PCRA amounts. The plan likely requires keeping some amount of money in the core investments that this fee ...
by gostars
Fri Aug 03, 2018 6:19 pm
Forum: Personal Investments
Topic: why is VTI more tax efficient than VTSAX
Replies: 11
Views: 4962

Re: why is VTI more tax efficient than VTSAX

To elaborate, if that article had picked anything other than Vanguard funds, it would be true that an ETF would typically be more tax-efficient than an otherwise equivalent mutual fund. However, Vanguard treats their ETFs as a share class of the corresponding mutual fund, allowing the mutual funds t...
by gostars
Fri Aug 03, 2018 6:02 pm
Forum: Personal Investments
Topic: Time to invest in Fidelity's new zero fee funds?
Replies: 70
Views: 7667

Re: Time to invest in Fidelity's new zero fee funds?

Your 401k account, BrokerageLink or not, is not an "individual retail investor", so according to Fidelity's published materials, they won't be available. But, you can now get TSM for .015% and TISM for .06% through BrokerageLink (or your plan if available), so you're probably still doing better toda...
by gostars
Fri Aug 03, 2018 5:06 pm
Forum: Investing - Theory, News & General
Topic: Using 529 Like a 401k (not for education!)
Replies: 8
Views: 1445

Re: Using 529 Like a 401k (not for education!)

What's the point? 529s are funded with post-tax money. Only the gains get special tax treatment, and only if used for qualified purposes. If there are no gains, then you've done no better than taking cash and stuffing it under your mattress.
by gostars
Fri Aug 03, 2018 4:43 am
Forum: Personal Consumer Issues
Topic: Dental implant in Tijuana
Replies: 37
Views: 4283

Re: Dental implant in Tijuana

+1 for a dental school. UCSF's dental school looks like it has the oral and maxillofacial surgery and prosthodontics programs needed to handle that sort of thing at a high level. Probably save a good bit over a private US dentist, though it may require more visits.
by gostars
Fri Aug 03, 2018 4:13 am
Forum: Personal Consumer Issues
Topic: Which diet soda pop do you enjoy?
Replies: 110
Views: 5486

Re: Which diet soda pop do you enjoy?

Diet Coke with Splenda Diet Rite Hansen's Diet Creamy Root Beer. The diet tangerine-lime is OK too. Haven't tried the others. Cock'n Bull Diet Ginger Beer - Yes, most people just use it to make a Dark n Stormy or Moscow Mule. Still good on its own though, with a much bigger punch of ginger than some...
by gostars
Fri Aug 03, 2018 2:46 am
Forum: Investing - Theory, News & General
Topic: Fidelity Files for Four Fidelity ZERO℠ Funds (0.00% ER)
Replies: 814
Views: 94406

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

Another thing to remember, and I'm sure you do realize this but just to say, that's only a necessary condition for Fidelity to be able to offer ETF/mutual share class funds. They have to actually want to add this capability. How many investors opt away from Fidelity index funds because of tax effic...
by gostars
Fri Aug 03, 2018 2:18 am
Forum: Investing - Theory, News & General
Topic: Is schwab TSM index fund serving 2 masters?
Replies: 29
Views: 3491

Re: Is schwab TSM index fund serving 2 masters?

Schwab is organized to benefit the owners (stockholders and board members.) Vanguard is organized to benefit the investors in their funds. For now, Schwab has decided that doing some things (lower ER index funds) that benefit investors will also benefit the owners. What happens when and if that cal...
by gostars
Fri Aug 03, 2018 2:02 am
Forum: Personal Investments
Topic: Investing outside of 401K
Replies: 7
Views: 1373

Re: Investing outside of 401K

Roth would be 100% in VTSMX/VTSAX. 401k would hold your entire bond allocation, with the rest in VTSMX/VTSAX. Taxable would hold international (VGTSX/VTIAX) and whatever is left over on VTSMX/VTSAX. How you divide it up depends on how much is available in each account.
by gostars
Fri Aug 03, 2018 1:24 am
Forum: Personal Investments
Topic: Moving IRAs to Vanguard, advice
Replies: 21
Views: 2525

Re: Moving IRAs to Vanguard, advice

A sales pitch for their target date funds doesn't exactly fill me with confidence, especially knowing target date funds frequently juice the returns by going excessively heavy on stocks for the supposed target year. Given that most of the last 10 years has had stocks soaring while bonds have provide...
by gostars
Thu Aug 02, 2018 4:05 am
Forum: Investing - Theory, News & General
Topic: Fidelity Files for Four Fidelity ZERO℠ Funds (0.00% ER)
Replies: 814
Views: 94406

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

Curious what others have managed to get out of Fidelity in terms of rebating account transfer/closure fees and maybe tossing in a few free trades on low-value accounts. My transfer to Fidelity wasn't a small account so I got some goodies. But I learned in the process that their reps have flexibilit...
by gostars
Thu Aug 02, 2018 3:46 am
Forum: Investing - Theory, News & General
Topic: Is schwab TSM index fund serving 2 masters?
Replies: 29
Views: 3491

Re: Is schwab TSM index fund serving 2 masters?

What if it is serving one master, but that master has decided to use it to just break even and then use that to make money elsewhere? If you go out to a steakhouse for dinner and just order a steak and tap water, they're probably just breaking even on you. But, if you order a $12 cocktail, an appeti...
by gostars
Thu Aug 02, 2018 2:47 am
Forum: Investing - Theory, News & General
Topic: how to invest money not needed for 3-5 years?
Replies: 3
Views: 1101

Re: how to invest money not needed for 3-5 years?

If you need it in 3-5 years, it should be in something that has minimal risk of loss of principal like a CD, money market, or high-yield savings account. 3 year CDs are at about 2.5%, and money market and savings are just over 2%. If that 3% guaranteed will let you add money now and take it out when...
by gostars
Thu Aug 02, 2018 2:38 am
Forum: Investing - Theory, News & General
Topic: Fidelity Files for Four Fidelity ZERO℠ Funds (0.00% ER)
Replies: 814
Views: 94406

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

The overall lowering of fund ERs and removal of investment minimums makes Fidelity an attractive move. Curious what others have managed to get out of Fidelity in terms of rebating account transfer/closure fees and maybe tossing in a few free trades on low-value accounts. I help out some family membe...
by gostars
Thu Aug 02, 2018 1:06 am
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2037
Views: 351440

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

From my experience, the ringing at B of A is real. It rings at the local branch a few times to give them a chance to answer. If no one picks up, it rolls over to the national call center. It all depends on how busy the branch is when you call. When it went on long enough that it I could tell it roll...
by gostars
Thu Aug 02, 2018 12:45 am
Forum: Personal Investments
Topic: Investing outside of 401K
Replies: 7
Views: 1373

Re: Investing outside of 401K

I would consider 100% stocks to be exceptionally risky at age 32. I recommend somewhere between age minus 20 (aggressive) and age minus 10 (conservative) in bonds, so at 32 you're talking 12-22%. This won't eat into your returns too much, but it will stabilize things a lot in the event of a downturn...
by gostars
Thu Aug 02, 2018 12:11 am
Forum: Personal Investments
Topic: Moving IRAs to Vanguard, advice
Replies: 21
Views: 2525

Re: Moving IRAs to Vanguard, advice

Moving money from a TIRA to a Roth is called a conversion, and assuming that TIRA money is pre-tax (i.e. you claimed a deduction for it on your taxes), that would be taxable at your normal marginal rate. At $43k income, you'd probably be able to do several thousand worth of conversion at 12% each ye...
by gostars
Wed Aug 01, 2018 11:52 pm
Forum: Personal Consumer Issues
Topic: Best BBQ in San Antonio
Replies: 43
Views: 3635

Re: Best BBQ in San Antonio

Salt Lick is the barbecue version of "sell the sizzle, not the steak". That big open grill over coals sure looks neat, but it's just reheating meat that was previously cooked on a gas-fired smoker in the back.
by gostars
Tue Jul 31, 2018 11:28 pm
Forum: Personal Investments
Topic: Investing outside of 401K
Replies: 7
Views: 1373

Re: Investing outside of 401K

What you're talking about doing is commonly referred to as a backdoor Roth IRA, and it's a common thing around here. There's an article in the wiki explaining the process at https://www.bogleheads.org/wiki/Backdoor_Roth_IRA . The most important thing is to make sure you have no traditional IRA money...
by gostars
Tue Jul 31, 2018 11:11 pm
Forum: Personal Investments
Topic: Choosing a 401(k) Bond Fund
Replies: 11
Views: 1330

Re: Choosing a 401(k) Bond Fund

MWTIX isn't bad. There have been a few brief periods where it took a slightly bigger decline than the aggregate bond index, but MWTIX has matched or outperformed the index over most timeframes even with the relatively high ER. In the absence of a better option, I'd be OK using it.
by gostars
Tue Jul 31, 2018 4:38 am
Forum: Personal Investments
Topic: Need Help with Mom’s Retirement Income
Replies: 34
Views: 4070

Re: Need Help with Mom’s Retirement Income

Can you elaborate on the high risk tolerance? The way I see it, she's already in excess of the 4% withdrawal rate and has a beyond aggressive asset allocation for someone already in retirement. If the stock market tanks tomorrow and $200k flies out the window, then that becomes a 6% rate, and she's ...
by gostars
Tue Jul 31, 2018 2:54 am
Forum: Personal Investments
Topic: Setting Up 403b/457 Accounts and Prioritizing Investments
Replies: 8
Views: 727

Re: Setting Up 403b/457 Accounts and Prioritizing Investments

Since it is a governmental plan, wife should be able to begin withdrawing money penalty-free from the plan at any time after termination of employment. As I understand it, the option to limit post-employment early withdrawal is only available on non-governmental plans. 457b would be the preference i...
by gostars
Tue Jul 31, 2018 1:56 am
Forum: Personal Investments
Topic: Portfolio Questions & Review appreciated!
Replies: 3
Views: 472

Re: Portfolio Questions & Review appreciated!

70/30 seems very risky at those ages and with limited income from him and her having an unstable job. Seems entirely too possible that the market could crash and you'd be out half your stock value and both unemployed. I'd be down at 60/40 and perhaps headed even more conservative. Any possibility of...
by gostars
Tue Jul 31, 2018 1:27 am
Forum: Personal Investments
Topic: 401k Allocation Help (Fidelity)
Replies: 8
Views: 1090

Re: 401k Allocation Help (Fidelity)

A penny per $1000 is basically irrelevant. The bid/ask spread on both the buy and sell of the ETF would account for significantly more, and it's not like you're going to be selling all that often anyway. Once you hit $10k, sell everything and switch to the mutual fund. Some plans charge a $50 annual...
by gostars
Tue Jul 31, 2018 12:51 am
Forum: Personal Consumer Issues
Topic: Recent Kia Soul obsedrvations
Replies: 5
Views: 1071

Re: Recent Kia Soul obsedrvations

If you do a lot of freeway driving, skip the base model. The 1.6 engine doesn't have enough power to get out of its own way and is tough to get up to merging speed, especially if you're going uphill. The 2.0 in the Plus or the turbo 1.6 in the Exclaim handle it much better, and the improved transmis...
by gostars
Tue Jul 31, 2018 12:34 am
Forum: Personal Consumer Issues
Topic: Best BBQ in San Antonio
Replies: 43
Views: 3635

Re: Best BBQ in San Antonio

The Granary and 2M are both amazing. Texas Monthly also has Smolik's on their list, but I can't vouch for that one. It's in Mathis right off I-37 on the way to Corpus. Lockhart has kind of been hit or miss for me recently, enough that I skipped it my last trip down to Austin. Austin is just doing it...
by gostars
Mon Jul 30, 2018 11:27 pm
Forum: Personal Investments
Topic: 403(b) investment choices
Replies: 9
Views: 1054

Re: 403(b) investment choices

The first thing I point people to when it comes to understanding how high-fee funds will affect them is the segment on retirement plans John Oliver did on an episode of Last Week Tonight 2 years ago. It's available on Youtube at https://www.youtube.com/watch?v=gvZSpET11ZY . The show is great for exp...
by gostars
Sun Jul 29, 2018 10:28 pm
Forum: Personal Investments
Topic: 403(b) investment choices
Replies: 9
Views: 1054

Re: 403(b) investment choices

I'd probably put it all the 403b money in the S&P 500 fund since it's the least bad option, and check to see if the employer offers any other options for the custodian for the 403b or might consider adding one in the future, because that's a lousy plan. I'd also move the IRA and brokerage accounts t...
by gostars
Sun Jul 29, 2018 3:28 am
Forum: Personal Investments
Topic: Is maxing Out an IRA, 403B, and 457B Along with a Pension Too Much Saving for the Future?
Replies: 19
Views: 2860

Re: Is maxing Out an IRA, 403B, and 457B Along with a Pension Too Much Saving for the Future?

Just to play devil's advocate here, what happens if one of your siblings has something terrible happen and you're the only thing standing between a niece/nephew and foster care? There are ways how people who never plan to be parents become parents, besides the obvious. Having some extra funds you ca...
by gostars
Sun Jul 29, 2018 3:10 am
Forum: Personal Finance (Not Investing)
Topic: Bonus at Job - Weird Situation
Replies: 34
Views: 6415

Re: Bonus at Job - Weird Situation

You have been hired and asked to work on a particular project - this is your base job. Now for your own fast tracking you do some project additionally - for bonus ? If I were your employer I would expect you to focus on your base work - so your mentor is right that this is your priority. Personally...
by gostars
Sun Jul 29, 2018 12:37 am
Forum: Personal Investments
Topic: Moving Roth from TDA to Vanguard,thoughts?
Replies: 3
Views: 437

Re: Moving Roth from TDA to Vanguard,thoughts?

Have you considered Fidelity? Their "Premium" mutual funds are basically the same as Vanguard's Admiral shares when held in an IRA, and they have a much better interface. They also have a range of commission-free ETFs from iShares that rival what Vanguard currently offers (IXUS and ITOT vs. VXUS and...
by gostars
Sun Jul 29, 2018 12:22 am
Forum: Personal Investments
Topic: $3k investment Vanguard funds Roth IRA which one of these should I start with
Replies: 21
Views: 2505

Re: $3k investment Vanguard funds Roth IRA which one of these should I start with

As long as you're not paying any kind of commissions or transaction fees (which you wouldn't be purchasing Vanguard ETFs/MFs in a Vanguard account), then make your purchases as you have the money available.
by gostars
Sat Jul 28, 2018 11:38 pm
Forum: Personal Consumer Issues
Topic: Regret Public School?
Replies: 75
Views: 6677

Re: Regret Public School?

Several of my closest friends are teachers, including some who have taught everywhere on the range from the worst public schools to the best private schools, and they all have the same message. It's possible to get a good education or a bad education pretty much anywhere you go, and the thing that m...
by gostars
Sat Jul 28, 2018 10:38 pm
Forum: Personal Consumer Issues
Topic: Dealing with HOA Notice
Replies: 118
Views: 10591

Re: Dealing with HOA Notice

So you are suggesting that horrific crashes, such as the one I witnessed above involving a dead young mother, her daughter, and a father with a severed limb after a speeding truck, would have a better outcome with an even faster speed limit? Amazing suggestion, but higher limits do not improve laws...
by gostars
Fri Jul 27, 2018 11:29 pm
Forum: Personal Investments
Topic: Helping friend with 401k options
Replies: 5
Views: 540

Re: Helping friend with 401k options

All-around, it's a crappy 401k plan. But, FAFFX is about 86/14 stocks/bonds, which is sub-optimal at that age, but isn't terrible either, and the rest of the funds are worse, so just eat that 💩 sandwich for now, and campaign for a better 401k. Hold additional stocks in a Roth to correct the balance.
by gostars
Fri Jul 27, 2018 9:58 pm
Forum: Personal Consumer Issues
Topic: Dealing with HOA Notice
Replies: 118
Views: 10591

Re: Dealing with HOA Notice

Everyone doing 80 means everyone is driving recklessly in Virginia, which has significant legal penalties regardless of what state issued a driver license. And often, much too often someone pays for that reckless driving with their life. Witnessed the aftermath of a truck, possibly Peterbuilt, stri...