Search found 8224 matches

by BL
Sat Jul 14, 2018 4:57 pm
Forum: Investing - Help with Personal Investments
Topic: 26 years old. Roth ira with edward jones last 3.5 years.
Replies: 44
Views: 2733

Re: 26 years old. Roth ira with edward jones last 3.5 years.

Never heard of V reimbursing anything. They also rarely charge for things. They don't charge for selling A funds from American, AFAIK. Sign up for e statements to avoid low account fees.

Look up your current tickers on Morningstar's site to see funds loads, ERs, and 12b-1 kickbacks to brokerage.
by BL
Wed Jul 11, 2018 11:33 pm
Forum: Personal Finance (Not Investing)
Topic: Cash out taxable account to payoff student loans?
Replies: 6
Views: 658

Re: Cash out taxable account to payoff student loans?

https://www.etf.com/docs/IfYouCan.pdf has 3 funds for a 3-fund portfolio. This might be something to work toward where you have a choice. What would it take to remove PMI? That might be the most worthwhile. Not sure if you can deduct mortgage interest any more or not. The other rates are not so bad...
by BL
Wed Jul 11, 2018 10:26 pm
Forum: Personal Finance (Not Investing)
Topic: Northwestern Mutual (65 Life) Whole Life Insurance Question
Replies: 25
Views: 4948

Re: Northwestern Mutual (65 Life) Whole Life Insurance Question

Ten days go by really fast. Be sure to find out quickly exactly what you need to do and who to contact, and do it quickly! Don't count on you agent (that person is not your friend!) to help you as he is losing some commissions that he didn't deserve in the first place. You might have to contact the ...
by BL
Wed Jul 11, 2018 3:42 pm
Forum: Investing - Help with Personal Investments
Topic: RMD from Inherited IRA
Replies: 12
Views: 1330

Re: RMD from Inherited IRA

I didn't realize folks distributed these amounts to the penny! I generally round up to the nearest 500 or 1000, just to keep it simple and maybe cover minor errors.
by BL
Wed Jul 11, 2018 3:13 pm
Forum: Investing - Help with Personal Investments
Topic: Investing into taxable while spouse is unemployed
Replies: 5
Views: 588

Re: Investing into taxable while spouse is unemployed

One possibility for the fixed income portion (bond substitute) is to invest in I-Bonds, which defer taxes until you cash them in or 30 years from purchase, whichever comes first. 10k/person/year, can't withdraw for 1 year, after 5 there is no 3-mo. penalty to withdraw, follows inflation. https://tre...
by BL
Wed Jul 11, 2018 10:31 am
Forum: Personal Finance (Not Investing)
Topic: Whole Life - We're doing it. What to look for?
Replies: 128
Views: 8252

Re: Whole Life - We're doing it. What to look for?

I assume both OP and spouse will be getting whole life policies. If it's a good idea to have guaranteed money coming in any time the spouse dies from now to forever, it's also a good idea for OP's spouse to have money coming in any time OP dies from now until forever. 100% agree. SO will be receivi...
by BL
Tue Jul 10, 2018 10:52 pm
Forum: Investing - Help with Personal Investments
Topic: Funding Backdoor Roth IRAs w/ portion of EF
Replies: 6
Views: 338

Re: Funding Backdoor Roth IRAs w/ portion of EF

You have until next April 15 to complete the backdoor IRA if you decide to do that. Agree that using your taxable brokerage fund to fund Roth might make sense. Or just cash it in and apply to student loans. I would also prioritize 401k/457 contributions where you save 24% fed + state income taxes wh...
by BL
Tue Jul 10, 2018 9:21 pm
Forum: Investing - Help with Personal Investments
Topic: Want to diversify account held in my name [inherited Canadian stock]
Replies: 8
Views: 459

Re: Want to diversify account held in my name [inherited Canadian stock]

You seem to have the right idea. It might work if you plan to stay low income for several years, and if things don't implode like Valuethinker hinted at (I have read his comments for years now, and he probably knows more about Canada than anyone else here.) If you go to the top of the next bracket, ...
by BL
Tue Jul 10, 2018 7:08 pm
Forum: Investing - Help with Personal Investments
Topic: Need a CPA..suggestions
Replies: 7
Views: 529

Re: Need a CPA..suggestions

You might be able to get some good advice here as well if you give your situation with details in the following format, which will be useful no matter who you consult with. Doing it first in a word program and copying it is safest to keep from losing all your effort. If nothing else it might clarify...
by BL
Tue Jul 10, 2018 6:07 pm
Forum: Investing - Help with Personal Investments
Topic: [Considering the Vanguard LifeStrategy Fund]
Replies: 66
Views: 5410

Re: LifeStrategy

How about changing the thread title to the correct name of the fund, LifeStrategy ? Each LifeStrategy Fund invests in four broadly diversified Vanguard funds and is subject to the risks associated with those underlying funds. . Sure. As soon as I figure out how to do that. I don't know quite how to...
by BL
Tue Jul 10, 2018 3:45 pm
Forum: Investing - Help with Personal Investments
Topic: [Considering the Vanguard LifeStrategy Fund]
Replies: 66
Views: 5410

Re: LifeStrategy

How about changing the thread title to the correct name of the fund, LifeStrategy?
Each LifeStrategy Fund invests in four broadly diversified Vanguard funds and is subject to the risks associated with those underlying funds.
.
by BL
Tue Jul 10, 2018 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: Whole Life - We're doing it. What to look for?
Replies: 128
Views: 8252

Re: Whole Life - We're doing it. What to look for?

I see at least one of their policies has a long-term care option. Does this one? It does sound like they are without salespersons and without profit, so not bad if you are active or retired military or meet a few other categories. I would have to look into it more deeply, as most non-profits are not...
by BL
Tue Jul 10, 2018 2:05 pm
Forum: Investing - Help with Personal Investments
Topic: IRA Funding vs 401K funding
Replies: 5
Views: 352

Re: IRA Funding vs 401K funding

Some folks choose a high deductible health insurance policy and are eligible to save for medical expenses in a HSA. That amount IS both deductible and also avoids SS/Medicare taxes. Some never use it for current medical needs and instead treat it as a retirement policy for future out-of-pocket medic...
by BL
Mon Jul 09, 2018 9:36 pm
Forum: Investing - Help with Personal Investments
Topic: [Considering the Vanguard LifeStrategy Fund]
Replies: 66
Views: 5410

Re: Lifestyle Strategies

Vanguard Life Strategy Fund Great Idea... I Currently hold monies in Lifestrategy Conservtive Growth Fund. I glance it it a couple times a year. It is simple and effective. :happy +1 It is meant to be used as a single, complete, and diversified fund in your account. Adding things to it detract from...
by BL
Mon Jul 09, 2018 11:38 am
Forum: Investing - Help with Personal Investments
Topic: Do I start with an IRA? Feeling a bit overwhelmed
Replies: 14
Views: 1034

Re: Do I start with an IRA? Feeling a bit overwhelmed

VANGUARD 500 INDEX ADMIRAL VFIAX -- Large caps, 80% of US stocks VANGUARD TOTAL INTL STOCK INDEX ADMIRAL VTIAX -- Complete international stocks WF/DODGE & COX INTERMEDIATE BD CIT F -- US bonds Do these seem like GOOD options? Or should I only put enough to get the 2% match from my work, and then op...
by BL
Mon Jul 09, 2018 9:07 am
Forum: Investing - Help with Personal Investments
Topic: Did I screwup and create a wash sale? First try at tax loss harvest
Replies: 22
Views: 2305

Re: Did I screwup and create a wash sale? First try at tax loss harvest

Why not sell everything now if it is all at a loss? You might as well get the biggest loss available. Yes, definitely sell the latest month's purchases to avoid a wash sale, especially since they are losses. If it all is sold in the same year, the "wash" should correct itself and it wouldn't matter,...
by BL
Mon Jul 09, 2018 8:55 am
Forum: Personal Finance (Not Investing)
Topic: Should I take a $60k paycut to work 4days/week
Replies: 58
Views: 5651

Re: Should I take a $60k paycut to work 4days/week

This definitely sounds like a personal family decision of family time vs. money. To keep things real, keep in mind that many families live on what you are considering a pay cut. Also, having two kids is a lot different than just one. There are a lot of near future unknowns right now: your health and...
by BL
Sun Jul 08, 2018 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: 401k loan to pay off debt?
Replies: 37
Views: 1827

Re: 401k loan to pay off debt?

I would say it's not worth it. The CC debt and the 7% auto debt should be going away by the end of the year, and those are the two big ticket items. I wouldn't pay off the 2% one early at all. Personally, I would probably keep doing cc transfers on the 7k until the student loans are paid off. +1 I ...
by BL
Sun Jul 08, 2018 8:18 am
Forum: Personal Finance (Not Investing)
Topic: Accidental Death & Dismemberment Insurance
Replies: 27
Views: 2051

Re: Accidental Death & Disability Insurance

Sometimes ADD is added as a membership benefit of certain organizations or fraternal groups. If it is free, I pretty much ignore it, and if there is a cost, I think of it as a rip-off and ignore it. I once had a boss who happened to have a Cancer policy; he said he was afraid to drop it because it m...
by BL
Sun Jul 08, 2018 12:32 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Simplification and retirement prep?
Replies: 8
Views: 820

Re: Portfolio Simplification and retirement prep?

I suggest maxing the TSP (23,500, IIRC) before adding more to taxable. I understand the G fund is unmatched anywhere so would put almost all bonds there. Look at everything as one portfolio, and each % should be the % of the whole works. That way you are more likely to get portfolio suggestions. Loo...
by BL
Sat Jul 07, 2018 11:50 pm
Forum: Personal Finance (Not Investing)
Topic: Accidental Death & Dismemberment Insurance
Replies: 27
Views: 2051

Re: Accidental Death & Disability Insurance

How about a level payment term insurance for coverage no matter what you may die from?
Term4sale.com or a local INDEPENDENT agent might be a place to look as they can let you shop several companies instead of just one.
by BL
Sat Jul 07, 2018 11:40 pm
Forum: Investing - Help with Personal Investments
Topic: Finding an adviser for lower-income immigrant couple?
Replies: 13
Views: 1114

Re: Finding an adviser for lower-income immigrant couple?

Agree that if they insist on investing, walking into to a Schwab or Fidelity would be a reasonable choice. (Not sure if they have charges for low value accounts.) They need to know ahead of time what they want, and not deviate from it if an "advisor" suggests something else. A Target date fund seems...
by BL
Fri Jul 06, 2018 4:42 pm
Forum: Investing - Theory, News & General
Topic: Tradional IRA conversion to ROTH IRA taxable amount?
Replies: 32
Views: 1530

Re: Tradional IRA conversion to ROTH IRA taxable amount?

Bogleheads believe in Living Below Your Means; borrowing with CC just gets you farther in the hole. What interest rate do you pay on your student loans? I suggest you get a tax program or estimator and run your numbers both ways. You might be surprised! If you (or spouse if MFJ) has space in 401k, e...
by BL
Fri Jul 06, 2018 12:41 pm
Forum: Investing - Help with Personal Investments
Topic: Annuity- Lincoln Level Advantage Indexed variable annuity
Replies: 17
Views: 1277

Re: Annuity- Lincoln Level Advantage Indexed variable annuity

You have been given good advice here. If you still insist you want something like this, go where folks go to get out of these bad options that mainly benefit the salesperson: Vanguard annuities link (no experience) has something similar with no salesman commission so no surrender charges. It is stil...
by BL
Fri Jul 06, 2018 11:57 am
Forum: Personal Finance (Not Investing)
Topic: Cheapest quality online tax preparation software?
Replies: 8
Views: 415

Re: Cheapest quality online tax preparation software?

I have been using H&R Block for a few years. It is sometimes on sale at Amazon or their own site. I learned of the sales here. I believe they are cheaper than TT. There is another cheaper one often mentioned here: Tax-Act. Some like it, I couldn't get used to it. There are on-line versions as well a...
by BL
Fri Jul 06, 2018 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Teaching local communities how to save/invest
Replies: 12
Views: 992

Re: Teaching local communities how to save/invest

You might also consider AARP Tax-Aide tax volunteering. Clients can be of all ages and income levels; most otherwise would have to use paid preparers. Your service is personal, individual, finance-related and provides an immediate saving for clients. As long as you stay within the program’s scope a...
by BL
Fri Jul 06, 2018 7:57 am
Forum: Investing - Help with Personal Investments
Topic: Wanting to self-manage retirement accounts - Advice Requested
Replies: 12
Views: 1590

Re: Wanting to self-manage retirement accounts - Advice Requested

I tend to agree with above posters. Your funds are decent, there are just too many of them (it does make it look impossible for you to self-manage and I think that is the point of it all!) Long-term goal: have most of bonds in tax-deferred, ie., trad. IRAs and 401k. You might as well have slower gro...
by BL
Thu Jul 05, 2018 6:18 pm
Forum: Investing - Help with Personal Investments
Topic: transfer all in annuity @fixed 4% or stay with ed jones/ameritas for 85 yo father
Replies: 5
Views: 500

Re: transfer all in annuity @fixed 4% or stay with ed jones/ameritas for 85 yo father

I would avoid buying any more annuities. Are annuities in IRAs or taxable? It seems cash is king right now, but you hint that there is plenty?? Nursing costs could rise quickly. Vanguard Prime MM yields about 2% now and you could get a checkbook on it to write with $250 minimum or transfer funds to ...
by BL
Thu Jul 05, 2018 4:59 pm
Forum: Investing - Help with Personal Investments
Topic: Do I start with an IRA? Feeling a bit overwhelmed
Replies: 14
Views: 1034

Re: Do I start with an IRA? Feeling a bit overwhelmed

You will get better answers if you use the format of Asking Portfolo Questions in top of Help topics. Here are a few: Funds available in 401k (please at least do the match!) tax bracket or income interest rate on car loan Outside of 401k account, you have at least these choices (consider each accoun...
by BL
Thu Jul 05, 2018 4:31 pm
Forum: Investing - Help with Personal Investments
Topic: $60k from my company stock after IPO...what to do now?
Replies: 4
Views: 615

Re: $60k from my company stock after IPO...what to do now?

https://www.etf.com/docs/IfYouCan.pdf has a lot of good info in 16 page pdf, so that is a quick way to get the basics. Read Getting Started in Wiki and read a suggested book or two. I liked Boglehead's Guide to Investing. The 3-fund portfolio (search Wiki) is in the pdf and a long thread here. Tota...
by BL
Wed Jul 04, 2018 6:26 pm
Forum: Personal Consumer Issues
Topic: Older Women Lifting Weights
Replies: 87
Views: 6689

Re: Older Women Lifting Weights

For a more moderate attempt to keep in shape: https://www.ncoa.org/wp-content/uploads/SAIL-Summary-2016.pdf Stay Active and Independent for Life is popular in our area and is supported by the RSVP program. Prior to this we had Bone Builders, a similar program. It is local with no charge to participa...
by BL
Wed Jul 04, 2018 9:38 am
Forum: Personal Consumer Issues
Topic: Hearing aids
Replies: 29
Views: 3324

Re: Hearing aids

I just got a "remote" Widex to adjust volume remotely. So far I am very pleased with it. I understand it is also capable of adjusting other "programs" on the hearing aids, but haven't gotten there yet.

Got it from an independent audiologist as Costco is too far away.
by BL
Wed Jul 04, 2018 8:56 am
Forum: Investing - Help with Personal Investments
Topic: Anxiety Spending Money
Replies: 52
Views: 5552

Re: Anxiety Spending Money

What interest rates are your student loans? If high, you will want to get them paid off soon, or at least try to get a lower rate. There may be a trade-off between paying down loans and investing in 401k or Roth IRA. I would at least plan to invest enough to get a match if offered at work. Real esta...
by BL
Wed Jul 04, 2018 8:40 am
Forum: Personal Finance (Not Investing)
Topic: Prime Money Market vs. 'Brick & Mortar' Savings Account
Replies: 18
Views: 2776

Re: Prime Money Market vs. 'Brick & Mortar' Savings Account

Before cashing in CDs, be sure to find out the penalties. They may cut into the principal, I don't know. Some of us would hate that, even if irrational!

We keep some in bank savings/checking, even at horrible rates. Also some in Prime MM at V with checking and ACH both available.
by BL
Wed Jul 04, 2018 8:20 am
Forum: Investing - Help with Personal Investments
Topic: Individual tech stock - what would you do?
Replies: 9
Views: 633

Re: Individual tech stock - what would you do?

It might depend on what % of your investments is in that single stock. If over 10% I would try to dump as much as possible as soon as possible. Would try to get it down to 5% in a rather short time. If you pick the ones with highest basis, that should let you sell off the most in $. Maybe estimate y...
by BL
Wed Jul 04, 2018 12:16 am
Forum: Investing - Help with Personal Investments
Topic: Annuities in IRA retirement portfolio?
Replies: 11
Views: 769

Re: Annuities in IRA retirement portfolio?

This financial advisor is clearly looking out for his best interest instead of yours. My advice is to not walk, but run away. +1 If you should be convinced anyway, first take a look at the much lower fee ones through Vanguard. I don't believe they have surrender fees. It is still more expensive tha...
by BL
Tue Jul 03, 2018 11:17 pm
Forum: Personal Finance (Not Investing)
Topic: 25-year-old military vet/undergrad student in search of advice
Replies: 11
Views: 1029

Re: 25-year-old military vet/undergrad student in search of advice

Be thankful you don't have to load up on student loans. Then your growth would be negative.
by BL
Tue Jul 03, 2018 12:25 am
Forum: Investing - Help with Personal Investments
Topic: Metlife | Total Control Account
Replies: 2
Views: 402

Re: Metlife | Total Control Account

The Prime Money Market now earns 2.03% and seems to be going up every month or so. Bonds have a higher yield but have been losing money during this period of increasing rates. A balanced fund of desired % equity/bonds might work for heirs. Life Strategy, Target date funds have various ratios availab...
by BL
Mon Jul 02, 2018 11:51 pm
Forum: Investing - Help with Personal Investments
Topic: Helping Parents. Just Moved to VG
Replies: 15
Views: 1020

Re: Helping Parents. Just Moved to VG

I would also suggest they contact Vanguard PAS to consider that and their recommendations. There is a 0.3% charge/year, but it could be worthwhile to have them set it up and use them for maybe a year or longer if they are more comfortable with having them watch over their portfolio. Otherwise a bala...
by BL
Mon Jul 02, 2018 2:59 pm
Forum: Investing - Help with Personal Investments
Topic: Need Your Feedback on 100% VTSAX
Replies: 39
Views: 4009

Re: Need Your Feedback on 100% VTSAX

I would get info on Valic. Also see if your state has a 457b you can invest in. Total stock fund is efficient and is same as the ETF at Vanguard. Easier to set up auto investing with mutual funds. total world fund or ETF is 56% North American. 1. Looks good as is. 4. If income is too high for direct...
by BL
Mon Jul 02, 2018 11:42 am
Forum: Investing - Help with Personal Investments
Topic: Need Your Feedback on 100% VTSAX
Replies: 39
Views: 4009

Re: Need Your Feedback on 100% VTSAX

I suggest you put 5500/year into a Roth IRA (see Backdoor Roth if income is too high for direct contributions). Never be taxed on gains in retirement. Also suggest you post what the ERs (expense ratios) of available 403b funds are, along with name and ticker. There may be at least one lower cost ind...
by BL
Sun Jul 01, 2018 5:42 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Total Investment Strategy - Windfall
Replies: 30
Views: 2449

Re: Help with Total Investment Strategy - Windfall

You could invest 10k/year in I-Bonds which defer paying the interest up to 30 years unless you cash them in sooner; they are tied up for 1 year; they follow a CPI index. Some like to get up to 5k/year paper bonds in income tax refunds as well. https://treasurydirect.gov/ This is not a lot of money b...
by BL
Sun Jul 01, 2018 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: Any way to "forfeit" income to avoid IRMAA cliff
Replies: 27
Views: 2668

Re: Any way to "forfeit" income to avoid IRMAA cliff

What types of income does she have? Perhaps someone could spot something helpful in reducing a small amount of income. Such as: Set taxable funds to Specific Id so you can check each lot for losses. Some re-invested dividends and Capital Gains lots could have a loss this year. Bonds (including munis...
by BL
Sun Jul 01, 2018 11:18 am
Forum: Personal Finance (Not Investing)
Topic: ? - Keep emergency credit cards for adult children - Good idea or bad?
Replies: 18
Views: 1743

Re: ? - Keep emergency credit cards for adult children - Good idea or bad?

I wonder if these show up when they check their credit reports. Not sure if that is good or bad. Somehow secrets seem not so good.

Agree that setting up things legally makes more sense.
by BL
Sat Jun 30, 2018 8:08 am
Forum: Investing - Help with Personal Investments
Topic: Critique my Portfolio, possibly too much cash?
Replies: 5
Views: 782

Re: Critique my Portfolio, possibly too much cash?

Would you buy your current home as an investment for rental property? If not, why keep it? Maybe select something particularly suitable for a rental instead of an accidental rental property.
by BL
Fri Jun 29, 2018 7:32 pm
Forum: Investing - Theory, News & General
Topic: What is an average expense ratio?
Replies: 14
Views: 942

Re: What is an average expense ratio?

The person who sold you the Class C funds and/or his company gets 1% 12b-1 fees kickback out of the high ER. According to Morningstar, expense on Life Strategy Income is 0.11%. More aggressive LS funds would have similar ERs. https://www.morningstar.com/funds/xnas/vasix/quote.html Click on Expense t...
by BL
Thu Jun 28, 2018 5:24 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA investment question
Replies: 22
Views: 1896

Re: Roth IRA investment question

Here is a short summary of lots of good investing and finance advice for new investors by a recommended author, Dr. William Bernstein: https://www.etf.com/docs/IfYouCan.pdf He recommends 1/3 each of total stock market, total international, and total bond market (the major components of the V Target ...
by BL
Thu Jun 28, 2018 2:40 pm
Forum: Investing - Help with Personal Investments
Topic: Need an advisor
Replies: 33
Views: 2076

Re: Need an advisor

I think there are a lot of good advisors out there, but it can be difficult to find one without getting burned a few times. For that reason, the only service I recommend is Vanguard's Personal Advisor Service. They are quite low cost and they have no financial incentive to sell you anything but sim...
by BL
Thu Jun 28, 2018 9:38 am
Forum: Investing - Help with Personal Investments
Topic: Exchanging funds in Taxable Account
Replies: 3
Views: 365

Re: Exchanging funds in Taxable Account

Unless your gains push you into higher bracket (slightly off from tax bracket) you have 0% tax on gains, there is probably no better time to do this.
by BL
Thu Jun 28, 2018 9:34 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard is really pushing their Personal Adviser Service
Replies: 65
Views: 6510

Re: Vanguard is really pushing their Personal Adviser Service

She could exchange her 4 funds for a balanced fund: her choice of fixed (Life Strategy or Balanced Fund) or decreasing equity (Target date fund). No re-balancing, no worries!