Search found 8224 matches

by BL
Wed Jun 27, 2018 10:33 am
Forum: Personal Finance (Not Investing)
Topic: SS Survivor Benefit - Impact of Deceased Spouses SS Disability Filing
Replies: 10
Views: 574

Re: SS Survivor Benefit - Impact of Deceased Spouses SSI Disability Filing

You may have some errors in your thoughts on survivor's versus spousal benefits. I suggest you read up on it at ssa.gov or pick up Mike Piper's book on SS: Social Security Made Simple: Social Security Retirement Benefits and Related Planning Topics Explained in 100 Pages or Less Paperback – February...
by BL
Wed Jun 27, 2018 12:13 am
Forum: Investing - Help with Personal Investments
Topic: First time doing a big sell
Replies: 5
Views: 1224

Re: First time doing a big sell

I like mutual funds and being able to automate contributions. You could: 1. keep doing what you are doing for quite a while, maybe even until 50,000, when you can buy Admiral funds to follow your AA. 2. Do a 7/3 or 4/3/3 ratio or whatever your 5 digits give you with automated purchases of funds. It ...
by BL
Tue Jun 26, 2018 7:08 pm
Forum: Personal Consumer Issues
Topic: Getting Facebook Messages from a Scammer - need ideas
Replies: 12
Views: 1445

Re: Getting Facebook Messages from a Scammer - need ideas

Facebook seems to have ways to block unwanted persons. Perhaps you can do that or notify FB of the scammer.
by BL
Tue Jun 26, 2018 6:59 pm
Forum: Investing - Theory, News & General
Topic: feedback on portfolio created by Vanguard PAS
Replies: 16
Views: 1791

Re: feedback on portfolio created by Vanguard PAS

Unless I am mistaken, it looks like you have 25% bonds, so I would expect it to have a better chance at exceeding 30% bond portfolio, even, or especially, without international. So I don't see how you can compare the 2 portfolios that way, and past performance does not necessarily predict future per...
by BL
Tue Jun 26, 2018 5:53 pm
Forum: Investing - Theory, News & General
Topic: feedback on portfolio created by Vanguard PAS
Replies: 16
Views: 1791

Re: feedback on portfolio created by Vanguard PAS

It looks reasonable to me. They have used your current funds to avoid selling and CGs. They added international and give you about 30% bonds. (You could probably do it on your own.) What did you have before and what would you have on your own? How much would CGs amount to? Does it fit better with yo...
by BL
Tue Jun 26, 2018 3:20 pm
Forum: Investing - Help with Personal Investments
Topic: Help creating portfolio/selecting funds – beginner
Replies: 21
Views: 1720

Re: Help creating portfolio/selecting funds – beginner

You could simplify by using life path 2020 or the last one which i am guessing has the most bonds in it,. Then a target date in Roth IRA and perhaps a total stock market for the long haul in brokerage fund. This would give just one fund in each account for now. Stable value (what does it yield?) or ...
by BL
Tue Jun 26, 2018 12:13 am
Forum: Personal Consumer Issues
Topic: Gifting trip for inlaws
Replies: 22
Views: 2731

Re: Gifting trip for inlaws

Since they have Scandinavian roots, they might like Hostfest: http://hostfest.com/heritage/ This annual event in Minot ND draws entertainment from Norway as well as Country entertainers like Charlie Pride. I don't see Charlie listed this year, but the Beach Boys are coming. They have ethnic events a...
by BL
Mon Jun 25, 2018 6:34 pm
Forum: Investing - Help with Personal Investments
Topic: How to find a good fudiciary fee only CFP?
Replies: 16
Views: 919

Re: How to find a good fudiciary fee only CFP?

Perhaps FINRA has some good suggestions on what to look for: http://www.finra.org/investors/highlights/where-do-i-start They have a "broker check" which may spot some very bad apples. Vanguard has an annuity connection that has a much better annuity than most that are sold (for their commissions) by...
by BL
Mon Jun 25, 2018 8:52 am
Forum: Investing - Help with Personal Investments
Topic: Caps Gains Tax Strategy
Replies: 12
Views: 1147

Re: Caps Gains Tax Strategy

Be sure you will have 18.5k/person in trad 401k (or equivalent).

Be sure you have enough tax withheld or prepaid to IRS to avoid penalty.

Change all taxable funds to Specific Id method so you can TLH any lots that have a loss.

Be Happy!
by BL
Mon Jun 25, 2018 8:15 am
Forum: Personal Finance (Not Investing)
Topic: Small loan by the way of 0% APR credit card
Replies: 20
Views: 1275

Re: Small loan by the way of 0% APR credit card

Sorry to hear of your child's problems. I think I would carefully consider the 0% if you are sure you can pay it off in time. If not, it is a terrible loan. Meanwhile, you need to cut spending to the bone, beyond hurting a little bit. Avoid purchases, eating out, cable, maybe get cheaper cell phones...
by BL
Mon Jun 25, 2018 7:56 am
Forum: Investing - Help with Personal Investments
Topic: Struggling - Seeking Advice to Get On Track
Replies: 93
Views: 5952

Re: Struggling - Seeking Advice to Get On Track

If you look at Callan's table of returns:
https://www.bogleheads.org/wiki/File:Ca ... eturns.png
You will see that the various types of funds seem to take random turns on which will perform best each year.
by BL
Mon Jun 25, 2018 7:28 am
Forum: Personal Finance (Not Investing)
Topic: Cash Out Retirement Account vs Rollover to IRA
Replies: 35
Views: 2236

Re: Cash Out Retirement Account vs Rollover to IRA

Good luck to you on resolving financial difficulties. Please get out of the habit of borrowing (using Credit Cards) whenever you want, or even need, something; as you have seen, it gets you into terrible trouble. Picking up and studying a Dave Ramsey book might be one way of changing your thinking. ...
by BL
Sun Jun 24, 2018 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: Should my girlfriend who is here on a work visa open an IRA?
Replies: 6
Views: 819

Re: Should my girlfriend who is here on a work visa open an IRA?

I suggest you edit your title to include her country. You might get someone with direct experience to comment on it.
by BL
Sun Jun 24, 2018 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes confuse me!
Replies: 14
Views: 1236

Re: Taxes confuse me!

You have already paid tax on the dividends so they are just another purchase when you reinvest. So your basis is original purchase plus each additional purchase (reinvestment). Subtract that from ending value to get the gain which may be taxed at the rate you mentioned. To further complicate things,...
by BL
Sun Jun 24, 2018 2:45 pm
Forum: Investing - Help with Personal Investments
Topic: Sell individual stock, or index fund
Replies: 12
Views: 1137

Re: Sell individual stock, or index fund

Why do you want to waste those tax losses? Unless you have short term gains to use, then the better approach usually is to take them against ordinary income for the next four years. I would be pretty reluctant to use long-term gains in the situation. +1 Why not save 24 or more % ordinary income for...
by BL
Sat Jun 23, 2018 1:38 pm
Forum: Investing - Help with Personal Investments
Topic: Need 3% Steady Income from $1.1 Mil Nest Egg
Replies: 30
Views: 4421

Re: Need 3% Steady Income from $1.1 Mil Nest Egg

Have you contacted Vanguard PAS to see what they suggest? You can then take it or leave it. Maybe also give more details here in the "asking portfolio questions" format and see what Bogleheads suggest. You can't expect an AA of ~60% bonds to keep up with an AA with only 40% bonds; that is definitely...
by BL
Sat Jun 23, 2018 12:57 pm
Forum: Investing - Help with Personal Investments
Topic: Variable Annuity question
Replies: 5
Views: 720

Re: Variable Annuity question

What is the company and the exact name of the annuity? What type of annuity is it? Is it an IRA (individual retirement annuity also called qualified, IIRC? If so he might want to keep it in an IRA (individual retirement account) if he cashes it in, so he doesn't owe tax on the whole amount (and perh...
by BL
Sat Jun 23, 2018 12:01 pm
Forum: Personal Consumer Issues
Topic: "distilled" water for wife's CPAP machine
Replies: 74
Views: 5807

Re: "distilled" water for wife's CPAP machine

Hopefully your insurance company covers replacement pads and other accessories at regular intervals. I think it is important to help prevent mold growing as well as the face pad seems to deteriorate after a few weeks. I also purchase cloth mask liners to wear next to my face. Not covered by insuranc...
by BL
Sat Jun 23, 2018 11:36 am
Forum: Investing - Theory, News & General
Topic: Avoiding Capital Gains Tax
Replies: 16
Views: 1885

Re: Avoiding Capital Gains Tax

Also be sure what type of income you are talking about. Many think of AGI (adjusted gross income) as their income. Taxable income is Line 43 on 1040 and where the brackets come in. This is income after the standard (or itemized) deduction has been subtracted (and perhaps some other credits, etc.). I...
by BL
Sat Jun 23, 2018 11:22 am
Forum: Investing - Help with Personal Investments
Topic: Hire financial advisor?
Replies: 25
Views: 1789

Re: Hire financial advisor?

Not sure if you are familiar with QCDs (qualified charitable distributions) but above age 70.5 (no earlier) you can call Vanguard and have checks made out to your preferred charities (if you do church or other charities) from your IRA and that will count as part of your RMD, but will not be taxed. I...
by BL
Sat Jun 23, 2018 7:39 am
Forum: Investing - Help with Personal Investments
Topic: Is this all investing is?
Replies: 38
Views: 3946

Re: Is this all investing is?

Don't give up on living your life while you are saving so (too?) much. It is also important to enjoy life, so maybe set aside a certain amount regularly to be used on something you enjoy, whether that be eating out, traveling, spending time with friends, whatever, yes, even the car (although things ...
by BL
Fri Jun 22, 2018 5:02 pm
Forum: Investing - Help with Personal Investments
Topic: Struggling - Seeking Advice to Get On Track
Replies: 93
Views: 5952

Re: Struggling - Seeking Advice to Get On Track

Darth Xanadu wrote:
Fri Jun 22, 2018 4:43 pm
BL wrote:
Fri Jun 22, 2018 4:39 pm

Social Security is taxed at 0-85%, depending on income, so at least some is not taxed at all.
To be clear, I think you mean up to 85% of SS payments can be subject to income tax.
Yes.
by BL
Fri Jun 22, 2018 4:39 pm
Forum: Investing - Help with Personal Investments
Topic: Struggling - Seeking Advice to Get On Track
Replies: 93
Views: 5952

Re: Struggling - Seeking Advice to Get On Track

How am I going to pay higher taxes with a paid for mortgage ? If you use the money for deductible retirement savings, like traditional 401k, 457, etc., you won't pay tax on it now. If you use it instead to pay off mortgage, you first lose to taxes by whatever your tax bracket (fed. + state) rate is...
by BL
Fri Jun 22, 2018 12:26 pm
Forum: Investing - Help with Personal Investments
Topic: Hire financial advisor?
Replies: 25
Views: 1789

Re: Hire financial advisor?

You might also get some ideas by posting in the format in the sticky at top of the Help with Personal Investments”. It would also help you get a better picture of your situation just by gathering the info together for Bogleheads and wherever else you choose to ask. I would pick up a book like Bogleh...
by BL
Fri Jun 22, 2018 11:57 am
Forum: Investing - Help with Personal Investments
Topic: Hire financial advisor?
Replies: 25
Views: 1789

Re: Hire financial advisor?

I believe you can call PAS and get a recommended portfolio, then decide if you wish to "hire" them. I believe you can drop out later and be left with a manageable portfolio, unlike with some "advisors".You can do this. You might want to gather info on Capital Gains for stocks and other brokerage fun...
by BL
Fri Jun 22, 2018 11:31 am
Forum: Investing - Help with Personal Investments
Topic: Income Annuities
Replies: 20
Views: 1259

Re: Income Annuities

If it really is a SPIA, you should be able to shop around, either at independent agents or immediateAnnuities.com. Just get a well-rated company and maybe stay within state "guarantees".
This is the only kind to consider.
by BL
Fri Jun 22, 2018 9:01 am
Forum: Investing - Theory, News & General
Topic: Best Books For Learning?
Replies: 11
Views: 1216

Re: Best Books For Learning?

I would say that most advice here is on how to invest to generate enough income for retirement in the future. There is probably not a likely way to generate current income without having a large sum invested already. Perhaps either earning more, maybe at a second job or by moving, or spending less, ...
by BL
Fri Jun 22, 2018 7:03 am
Forum: Investing - Help with Personal Investments
Topic: $1,700,000 from family trust...
Replies: 83
Views: 10940

Re: $1,700,000 "Portfolio Review" update from family trust

You keep emphasizing "trust" but then it sounds like it will not be in a trust when you get it. If not a trust, then it shouldn't make any difference (to your finances) where it came from as it can be considered a gift AFAIK, but not an inheritance (if cash, it may not make any difference). I suppos...
by BL
Thu Jun 21, 2018 4:32 pm
Forum: Investing - Theory, News & General
Topic: Avoiding Capital Gains Tax
Replies: 16
Views: 1885

Re: Avoiding Capital Gains Tax

You might want to change to Specific Id so that you can look at each separate lot (dividends reinvested and other purchases) to find some with losses and sell those along with enough with those with small gains to bring up to desired amount. You may not have enough losses to accomplish this. Vanguar...
by BL
Thu Jun 21, 2018 10:43 am
Forum: Investing - Help with Personal Investments
Topic: Struggling - Seeking Advice to Get On Track
Replies: 93
Views: 5952

Re: Struggling - Seeking Advice to Get On Track

Thanks for the advice... few questions. What is "ERs" Expense Ratio (fund cost per year) Based upon the feedback on the employer 401K what would be the suggested mix? I am currently at: 27% BlackRock S&P 500 Index Fund 13% BlackRock Russell 2000 Index Fund 18% BlackRock S&P 400 Mid Cap Index Fund 1...
by BL
Thu Jun 21, 2018 10:25 am
Forum: Investing - Help with Personal Investments
Topic: Struggling - Seeking Advice to Get On Track
Replies: 93
Views: 5952

Re: Struggling - Seeking Advice to Get On Track

You have good ERs in your 401k. Agree that picking a Target fund with desired % bonds is a good idea. It will probably be a near date rather than your actual retirement date. The 500 fund, international fund, and stable value are a reasonable alternative. Keep it simple! Suggest you move Roth to Van...
by BL
Wed Jun 20, 2018 11:54 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard posts wrong amount purchased
Replies: 6
Views: 923

Re: Vanguard posts wrong amount purchased

DSInvestor wrote:
Wed Jun 20, 2018 9:33 pm
I wonder if vanguard is counting reinvested dividends as purchases.
Yes, I should think so. That is the first thing I thought of. My bonds post monthly, equity funds I have post quarterly, also some may have Capital gains distributed which is another purchase. Some post semi-annually.
by BL
Wed Jun 20, 2018 11:04 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Prime Fund Yield reached 1.99% today
Replies: 18
Views: 3898

Re: Vanguard Prime Fund Yield reached 1.99% today

jacoavlu wrote:
Tue Jun 19, 2018 11:10 pm
^^^ yes, income accrues daily, paid monthly
Thanks. That makes sense. I thought I had heard that, but wasn't sure. Haven't been online all day, so belated thanks.
by BL
Tue Jun 19, 2018 10:26 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Prime Fund Yield reached 1.99% today
Replies: 18
Views: 3898

Re: Vanguard Prime Fund Yield reached 1.99% today

I am impressed.

Is the monthly dividend/interest based on how many days you owned the fund in the past month?
by BL
Tue Jun 19, 2018 1:01 pm
Forum: Investing - Help with Personal Investments
Topic: Arrangements for spouse to manage investments on death
Replies: 15
Views: 968

Re: Arrangements for spouse to manage investments on death

Here is a book to use as a reference, not necessarily read at one sitting. It might come in handy for various personal finance subjects now and later: https://www.amazon.com/Make-Your-Money-Last-Indispensable/dp/1476743770 Jane Bryant Quinn writes for AARP and other magazines so she might even be fa...
by BL
Tue Jun 19, 2018 8:04 am
Forum: Investing - Help with Personal Investments
Topic: Value of a Military Retirement
Replies: 30
Views: 3725

Re: Value of a Military Retirement

It does sound more like a lifestyle choice than a financial choice, as you should have "enough" no matter which way you choose. It is possible that you would have more lifestyle financial pressure to "live like a doctor" in civilian life; in that case you might need more income to maintain that life...
by BL
Mon Jun 18, 2018 11:08 pm
Forum: Personal Consumer Issues
Topic: "distilled" water for wife's CPAP machine
Replies: 74
Views: 5807

Re: "distilled" water for wife's CPAP machine

Agree that you want to keep it as clean as possible and certainly not use old distilled water. There is no point in increasing the risk of pneumonia. If you must, you could probably collect the leftover water to use in steam cleaners, humidifiers, steam irons, etc., where the vapor doesn't go direct...
by BL
Mon Jun 18, 2018 6:41 pm
Forum: Investing - Help with Personal Investments
Topic: Having a hard time pulling the trigger...
Replies: 25
Views: 2600

Re: Having a hard time pulling the trigger...

That's actually a great idea about changing the TD fund in my 401k, BL. Pretty much the only bond fund I have access to in my 401k is Fidelity investment grade bond (FBNDX) which has decent returns but the ER is .45%. Not terrible but not great either. I could pull some money out of the 2040 fund i...
by BL
Mon Jun 18, 2018 1:29 pm
Forum: Investing - Help with Personal Investments
Topic: Having a hard time pulling the trigger...
Replies: 25
Views: 2600

Re: Having a hard time pulling the trigger...

There is nothing to keep you from switching everything in your 401k to a nearer date Target fund with more bonds. The date is not important, only the bond %. The bond purchase is also an option if you like. This could be done to balance total stock in taxable. There is a tax-managed balanced fund at...
by BL
Mon Jun 18, 2018 11:53 am
Forum: Investing - Help with Personal Investments
Topic: Having a hard time pulling the trigger...
Replies: 25
Views: 2600

Re: Having a hard time pulling the trigger...

If you have no tIRA assets currently, read up on a back-door Roth. Got any International exposure? If you’re concerned, I’d invest it all now and maintain your 70/30 allocation. +1 What are your current investments invested in? (401k, IRA, Roth IRA, etc.) Follow your AA (ratio of stocks to bonds if...
by BL
Mon Jun 18, 2018 7:25 am
Forum: Personal Consumer Issues
Topic: One handed Android phone?
Replies: 38
Views: 1943

Re: One handed Android phone?

Another option is adding a popsocket to any phone. I personally don't like how it looks, but it makes one handed use a lot easier. +1 They really are handy for good grip, but also collapse to a slim profile. Available for about 10 bucks, more or less. I have smallish hands and a Moto G5 Plus bought...
by BL
Mon Jun 18, 2018 1:23 am
Forum: Investing - Help with Personal Investments
Topic: Please help with RMDs and asset allocation
Replies: 9
Views: 1162

Re: Please help with RMDs and asset allocation

If both trad. and Rollover IRAs are in your name, you could combine them for simplicity. If it just gets too difficult to think about, you could always exchange the individual funds in your IRA for a balanced fund of similar bond percentage, for example a Life Strategy Conservative, if that is close...
by BL
Sun Jun 17, 2018 11:01 pm
Forum: Investing - Help with Personal Investments
Topic: Young and rich
Replies: 33
Views: 5436

Re: Young and rich

https://www.bogleheads.org/wiki/Managing_a_windfall
Read about windfalls first of all.
by BL
Sun Jun 17, 2018 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: Benefits of using CPA for taxes
Replies: 31
Views: 4184

Re: Benefits of using CPA for taxes

As for saver's credit, I recommend you always save at least 2000 per person in a retirement account even if you don't qualify. Retirement sneaks up on us whether or not we are ready for it, and it sounds like you have barely gotten started. Perhaps you are investing in business or real estate, but i...
by BL
Fri Jun 15, 2018 8:43 am
Forum: Personal Consumer Issues
Topic: Long Weekend in November - NOLA, Austin, Other
Replies: 26
Views: 1424

Re: Long Weekend in November - NOLA, Austin, Other

Since you mentioned Veterans Day, the World War II museum in NOLA is great. Lots of things to see and do all over. Pedicab was fun while getting us where we wanted to be. Great food. Street car was a nice way to get places as well, but it may not cross into French Quarter.
by BL
Thu Jun 14, 2018 9:32 pm
Forum: Investing - Theory, News & General
Topic: Recommendations for specific "Boglehead-like" podcast episodes (for elderly mother)
Replies: 19
Views: 1629

Re: Recommendations for specific "Boglehead-like" podcast episodes (for elderly mother)

Please follow her cues and don't bore her to death with this. I could be in her place in a few years and I just might hate it, and I am interested in the subject! Just talking about you and your family or asking about family history could be so worthwhile. Maybe give her Jane Bryant Quinn's How to M...
by BL
Thu Jun 14, 2018 2:37 pm
Forum: Investing - Help with Personal Investments
Topic: Setting up 300k Ira. ..
Replies: 13
Views: 670

Re: Setting up 300k Ira. ..

Agree that if adviser is desired, Vanguard PAS (0.3%/yr AUM) should be checked out. They will tell you exactly what they suggest, may have a bit of flexibility, are easy to quit, and won't lead you astray like some advisors salespeople might do by selling you high-cost funds or other products that b...
by BL
Wed Jun 13, 2018 4:16 pm
Forum: Investing - Help with Personal Investments
Topic: Fund college tuition through 529 plan or Indexed Universal Life (IUL)
Replies: 32
Views: 1739

Re: Fund college tuition through 529 plan or Indexed Universal Life (IUL)

3. She needs the commission from selling you the IUL to fund her kid's college.

It is a very costly way of "investing". Money in a 529, Roth IRA, or a regular brokerage account might make more sense.
by BL
Tue Jun 12, 2018 4:39 pm
Forum: Personal Consumer Issues
Topic: Anyone with a paid off house drop homeowners insurance
Replies: 79
Views: 6196

Re: Anyone with a paid off house drop homeowners insurance

Never. Do you also have umbrella policy?
by BL
Tue Jun 12, 2018 4:11 pm
Forum: Investing - Help with Personal Investments
Topic: Need Investment Advice! Continue with Raymond James or Swap to Vanguard!
Replies: 20
Views: 1701

Re: Need Investment Advice! Continue with Raymond James or Swap to Vanguard!

I really think Vanguard PAS would be ideal for her. She is used to having someone to consult with, and I fear some other brokerage might take advantage of that to sell her expensive products (maybe not as bad as current one sounds). At least she could call PAS, with current holdings list in hand, an...