Search found 8557 matches

by BL
Sat Nov 17, 2018 3:23 pm
Forum: Investing - Theory, News & General
Topic: Question about Roth conversion
Replies: 33
Views: 1971

Re: Question about Roth conversion

3. Does the conversion in any way limit or restrict my ability to contribute to a Roth or traditional IRA? Help appreciated. 3. No, you should be able to contribute based on spouse's income and your age. 3. Yes it could. The amount you convert from IRA to Roth is considered income and there is an i...
by BL
Sat Nov 17, 2018 2:33 pm
Forum: Personal Consumer Issues
Topic: How to pick a wifi router to replace one we rent from Cox?
Replies: 20
Views: 1301

Re: How to pick a wifi router to replace one we rent from Cox?

Not necessarily the best way, but Linksys company would suggest something based on your needs and sell installation as well (by taking over your computer remotely). It is a little scary, but worked out fine.
by BL
Sat Nov 17, 2018 1:40 pm
Forum: Investing - Help with Personal Investments
Topic: Taxable account - Cost basis - specID or Avg
Replies: 13
Views: 874

Re: Taxable account - Cost basis - specID or Avg

Some suggest waiting 6 months before making a change. This is partly to avoid making emotional decisions or spur-of-the-moment changes. Also make a plan and write it out; look at it every time you are tempted to make a change. There was an article about dead folks doing the best in investing (they d...
by BL
Fri Nov 16, 2018 7:25 pm
Forum: Investing - Help with Personal Investments
Topic: Traditional IRA rollover to 403b witholding amount
Replies: 30
Views: 995

Re: Traditional IRA rollover to 403b witholding amount

I am confused about whether any of it was deductible (the word taxable is not clear), that is, you deducted the contribution from your 1040 taxes. If none of it was ever deducted (pre-tax), then you could convert it all to a Roth IRA and only pay tax on the gains you convert. Be sure you understand ...
by BL
Fri Nov 16, 2018 7:12 pm
Forum: Investing - Help with Personal Investments
Topic: Mortgage payoff given new 2018 tax code
Replies: 15
Views: 1947

Re: Mortgage payoff given new 2018 tax code

The new high standard deduction makes all itemized deductions a lot less valuable since you only get a marginal benefit. That is the tax savings on this amount: (total itemized deductions minus the standard deduction). I don't think this has really sunk in yet for many people. You don't even get pe...
by BL
Fri Nov 16, 2018 4:36 pm
Forum: Investing - Help with Personal Investments
Topic: Trying to Decide Future Investments
Replies: 15
Views: 1289

Re: TRYING TO DECIDE FUTUTRE INVESTMENTS

Not sure if you were looking at an equity-indexed annuity but FINRA (a watchdog) has a good description and caveat on these:
https://www.finra.org/sites/default/fil ... 125847.pdf

Read carefully.

If you must have annuities contact lower cost places like Vanguard.
by BL
Fri Nov 16, 2018 3:59 pm
Forum: Investing - Help with Personal Investments
Topic: Mortgage payoff given new 2018 tax code
Replies: 15
Views: 1947

Re: Mortgage payoff given new 2018 tax code

ltiku, it sounds like you are way on top of this...and should probably be offering rather than asking advice here. (How's that for a welcome?) If the illiquidity premium seems to answer for its risk, on a commitment of this scale, then go for it. Do think about gift bunching with a DAF since you wi...
by BL
Fri Nov 16, 2018 3:01 pm
Forum: Investing - Help with Personal Investments
Topic: Do I need a financial advisor?
Replies: 12
Views: 1321

Re: Do I need a financial advisor?

No, you don’t need an advisor. There are all-in-one funds that are inexpensive and basically do the investing for you. Target Date Retirement funds change their allocation over time as you get closer to retirement to be more conservative: https://www.bogleheads.org/wiki/Target_date_funds Less stock...
by BL
Fri Nov 16, 2018 2:44 pm
Forum: Investing - Help with Personal Investments
Topic: Starting Off- How Does This Look?
Replies: 6
Views: 685

Re: Starting Off- How Does This Look?

Keep it totally separate from 401k.
Search for backdoor Roth in Wiki.
by BL
Fri Nov 16, 2018 1:34 pm
Forum: Investing - Help with Personal Investments
Topic: MM vs Bonds vs CDs for a 69 year old
Replies: 4
Views: 780

Re: MM vs Bonds vs CDs for a 69 year old

With $40k already dedicated to Vanguard Federal Money Market Fund (VMFXX) and $30k for individual stocks, for better diversification I suggest simply using Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX) for the last $25k. However "quick and easy access" doesn't require use of a money...
by BL
Fri Nov 16, 2018 12:41 pm
Forum: Investing - Help with Personal Investments
Topic: Trying to Decide Future Investments
Replies: 15
Views: 1289

Re: TRYING TO DECIDE FUTUTRE INVESTMENTS

Beware! It is great income for the salesman! Delaying Social Security is the best way to buy a COLA-enhanced annuity. Pensions are other good annuities. SPIAs are about the only other good annuities worth considering, IMO, assuming you need more guaranteed income for basic needs. Index probably does...
by BL
Fri Nov 16, 2018 10:00 am
Forum: Investing - Theory, News & General
Topic: Question about Roth conversion
Replies: 33
Views: 1971

Re: Question about Roth conversion

You will have no tax on 15% of a bigger hunk of SS money if you wait.
by BL
Fri Nov 16, 2018 9:34 am
Forum: Investing - Help with Personal Investments
Topic: Northwestern Mutual nightmare - help needed
Replies: 55
Views: 5184

Re: Northwestern Mutual nightmare - help needed

Jane Bryant Quinn has a recent book that is more up to date than "Making the Most of Your Money Now" . They are both excellent and I have read both several times. (Well, big parts of them.) The new one is "How to Make Your Money Last, The Indispensable Retirement Guide" and certainly worth buying. ...
by BL
Fri Nov 16, 2018 8:20 am
Forum: Investing - Help with Personal Investments
Topic: Taxable account - Cost basis - specID or Avg
Replies: 13
Views: 874

Re: Taxable account - Cost basis - specID or Avg

I changed mine to Spec. Id, just in case I want to tax-loss-harvest (TLH) the lots (purchases) that have a loss. I reinvest dividends but it does leave you with a bunch of lots. Tax reporting is required for your broker so information should be there when you need it. However, if TLH is in your futu...
by BL
Thu Nov 15, 2018 9:08 pm
Forum: Personal Finance (Not Investing)
Topic: Keep voluntary life through employer at 58 / 60 years old?
Replies: 7
Views: 602

Re: Keep voluntary life through employer at 58 / 60 years old?

Talk to an independent insurance broker who will check several companies, or check term4sale.com online.
by BL
Thu Nov 15, 2018 6:56 pm
Forum: Investing - Help with Personal Investments
Topic: Young Professional...No Safe Investment? Pay off Debts?
Replies: 22
Views: 1718

Re: Young Professional...No Safe Investment? Pay off Debts?

I think it would be important to look into setting up a 401k for your business so you can defer taxes on a lot of money. There is a comparison of some types here at Vanguard (not recommending V for this-no knowledge). https://investor.vanguard.com/small-business-retirement-plans/comparison If you do...
by BL
Thu Nov 15, 2018 6:11 pm
Forum: Investing - Theory, News & General
Topic: Question about Roth conversion
Replies: 33
Views: 1971

Re: Question about Roth conversion

Newly retired without about 3 years before RMDs kick in. Wife still works, but our tax bracket will drop to 12%. As a result, I am thinking of converting as much of my traditional IRA to a Roth as reasonable since my tax bracket will be higher later. Questions: 1. Is this a good strategy (anything ...
by BL
Thu Nov 15, 2018 4:06 pm
Forum: Investing - Help with Personal Investments
Topic: Should I fund a 401k by drawing down a taxable account?
Replies: 16
Views: 872

Re: Should I fund a 401k by drawing down a taxable account?

Each of us has to do what makes sense to us now. The expression I have read here, "there are many ways to Dublin" comes to mind. You are doing well. Since you are planning future taxes, have you also included what happens when the first of a couple dies? In our case, we would go from 12% to 22% (or ...
by BL
Thu Nov 15, 2018 2:45 pm
Forum: Investing - Help with Personal Investments
Topic: In Grad school but work at a hotel which likely will be my career. Retirement?
Replies: 37
Views: 4526

Re: In Grad school but work at a hotel which likely will be my career. Retirement?

You could do a roll-over to an IRA at Vanguard, Fidelity, or ??, or even a bank IRA, when you leave. A Target date fund if you will have >$1000, or an ETF if less, should be fine. Usually that could also be rolled into a 401k where you are currently working.
by BL
Thu Nov 15, 2018 2:11 pm
Forum: Personal Consumer Issues
Topic: Any space heaters that automatically maintain a temperature in a room!
Replies: 37
Views: 3270

Re: Any space heaters that automatically maintain a temperature in a room!

Trism wrote:
Tue Nov 13, 2018 1:10 pm
Get an electric blanket.

+1
by BL
Thu Nov 15, 2018 1:55 pm
Forum: Investing - Help with Personal Investments
Topic: Should I fund a 401k by drawing down a taxable account?
Replies: 16
Views: 872

Re: Should I fund a 401k by drawing down a taxable account?

Yes, I believe so.
Do you also max Roth IRAs?
by BL
Thu Nov 15, 2018 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: What to do with RMD - 91 Year Old Mom
Replies: 18
Views: 1578

Re: What to do with RMD - 91 Year Old Mom

If she does gift to charity, the QCD plan is terrific for RMDs. Anyway, it is a good idea to be aware of it, and find out if she gives to church or other charity. There is no tax on QCD withdrawals, and they can be used in lieu of some/all of the RMD if done before RMDs are completed. I simply call ...
by BL
Wed Nov 14, 2018 6:26 pm
Forum: Investing - Help with Personal Investments
Topic: Northwestern Mutual nightmare - help needed
Replies: 55
Views: 5184

Re: Northwestern Mutual nightmare - help needed

... With the annuity, you probably should determine how much of a taxable gain would you have on it. Personally, I'd be tempted just to surrender the thing, depending on the numbers.... Thanks for your insight! I'm trying to figure out how much I would owe. I am nearly 3 years into the annuity, so ...
by BL
Wed Nov 14, 2018 4:07 pm
Forum: Investing - Help with Personal Investments
Topic: Brand New to Boggleheads, Thoughts on my stocks?
Replies: 12
Views: 816

Re: Brand New to Boggleheads, Thoughts on my stocks?

The philosophy here is that you should not invest in individual stocks due the high risk. Look at Enron, Sears, ge, etc. you should invest in a broad index of passive mutual funds. Read this guide https://www.etf.com/docs/IfYouCan.pdf Then read the bogleheads wiki. https://www.bogleheads.org/wiki/G...
by BL
Wed Nov 14, 2018 3:19 pm
Forum: Personal Consumer Issues
Topic: sony TV XBR49X900F $1K vs a cheaper alternative Samsung $330
Replies: 18
Views: 1057

Re: sony TV XBR49X900F $1K vs a cheaper alternative Samsung $330

Is Mom paying for it? If so, consider her wishes, but maybe give her some alternatives. If you are paying, then it is a different story. Try to find out what she is looking for, and how she came up with this model. Do what you can afford, as well as your best judgement. I am older than she is, but w...
by BL
Wed Nov 14, 2018 2:21 pm
Forum: Investing - Help with Personal Investments
Topic: Northwestern Mutual nightmare - help needed
Replies: 55
Views: 5184

Re: Northwestern Mutual nightmare - help needed

I doubt you even have a gain on the annuity. Surrender charges have to recoup the commission received by the salesman. There might be a lesser charge at your next anniversary of purchase. Call the company and ask how much you get when you surrender. Remember that what you put in is subtracted from t...
by BL
Wed Nov 14, 2018 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: Interested in filing my own taxes
Replies: 9
Views: 1062

Re: Interested in filing my own taxes

Re: dependent care: https://turbotax.intuit.com/tax-tips/family/deducting-summer-camps-and-daycare-with-the-child-and-dependent-care-credit/L8aAzvmjB I have forgotten the IRS form for the credit, but search IRS for it. Believe you need caregiver's SSN and statement of charges. Can't double-dip same ...
by BL
Wed Nov 14, 2018 10:28 am
Forum: Investing - Theory, News & General
Topic: Investment advisors- is regulatory burden higher on fiduciaries?
Replies: 54
Views: 2644

Re: Investment advisors- is regulatory burden higher on fiduciaries?

If the adviser is charging a 1%, they may be using F-shares from American funds. This class of shares does not carry a load or charge a 12b-1 fee. From the American Funds site : Class F-1, F-2, F-3 and 529-F-1 shares: You pay an asset-based fee for F-1, F-2, F-3 or 529-F-1 shares based on your fina...
by BL
Wed Nov 14, 2018 1:16 am
Forum: Investing - Help with Personal Investments
Topic: Brand new to the forum, getting a plan ready for my finances
Replies: 2
Views: 476

Re: Brand new to the forum, getting a plan ready for my finances

I think "bond" could be considered "fixed income" which certainly includes cash (money market, CDs, higher-interest savings, etc.). You are young enough to wait out the increasing bond yields/bond losses of NAV, but I think cash equivalents are also fine. The 3-fund portfolio, total stock, internati...
by BL
Tue Nov 13, 2018 9:25 pm
Forum: Personal Finance (Not Investing)
Topic: Q: Post Retirement Roth Contribution (Vanguard) & Earned Income Requirement
Replies: 14
Views: 745

Re: Q: Post Retirement Roth Contribution (Vanguard) & Earned Income Requirement

If you had mentioned a working spouse here, your question would have been answered easily. Either spouse's compensation counts toward Roth eligibility. It sounds like you have a working spouse.
by BL
Tue Nov 13, 2018 7:44 pm
Forum: Investing - Theory, News & General
Topic: Investment advisors- is regulatory burden higher on fiduciaries?
Replies: 54
Views: 2644

Re: Investment advisors- is regulatory burden higher on fiduciaries?

Why not just move every American Fund to Vanguard and avoid the 1% fee + buying and selling? If they are good enough, just hang onto them, don't keep buying and selling. This also avoids being sold annuities, etc. I don't see why you are bothering with this fiduciary business. He probably wouldn't c...
by BL
Tue Nov 13, 2018 7:23 pm
Forum: Investing - Help with Personal Investments
Topic: Getting started investing
Replies: 6
Views: 576

Re: Getting started investing

Hey all, this is my first post here and I am just trying to figure things out with my finances and investing, so I apologize for the long post! My wife just recently graduated and started her first job, and my job was just outsourced to another company (my whole team got sent to this new company, b...
by BL
Tue Nov 13, 2018 6:18 pm
Forum: Investing - Help with Personal Investments
Topic: I can't take this anymore=) I'm selling stocks and buying bonds!
Replies: 129
Views: 19908

Re: I can't take this anymore=) I'm selling stocks and buying bonds!

Have you considered a balanced fund that requires no rebalancing or even looking at it? Perhaps a Life Strategy moderate (60/40) or target date fund of desired bond %, (or tax-managed balanced fund if high income). Find something close enough and leave it alone. Things will fall even more at some un...
by BL
Tue Nov 13, 2018 3:47 pm
Forum: Investing - Help with Personal Investments
Topic: 401k Options-reallocation help
Replies: 4
Views: 232

Re: 401k Options-reallocation help

These are the funds that many would suggest you use in this plan. Vanguard 500 Index Adm VFIAX 0.04% Vanguard Small Cap Index Adm VSMAX 0.05% Vanguard FTSE All-World ex-US VFWAX 0.11% Vanguard Total Bond Market Index Adm VBTLX 0.05% Vanguard Total Intl Bond Index Adm VTABX 0.11% Which ones you woul...
by BL
Tue Nov 13, 2018 10:54 am
Forum: Investing - Help with Personal Investments
Topic: Is maxing out Tax defered 401(k) enough?
Replies: 49
Views: 5175

Re: Is maxing out Tax defered 401(k) enough?

See Backdoor Roth in the Wiki for information.
Emergency fund seems small. 3-6 months expenses minimum.
Keep visiting public school as much as possible. It may be great.
Don't try to keep up with neighbors.
Private school spending is often much greater than tuition alone.
by BL
Tue Nov 13, 2018 9:45 am
Forum: Personal Finance (Not Investing)
Topic: Q: Post Retirement Roth Contribution (Vanguard) & Earned Income Requirement
Replies: 14
Views: 745

Re: Q: Post Retirement Roth Contribution (Vanguard) & Earned Income Requirement

Wait until you receive your W-2 in Jan-Feb so no doubts. You have until April to get it done.
Invest in taxable now if you wish.
by BL
Tue Nov 13, 2018 9:36 am
Forum: Personal Finance (Not Investing)
Topic: HSA option only has in-network benefits, open enrollment dilemma
Replies: 7
Views: 884

Re: HSA option only has in-network benefits, open enrollment dilemma

All-in-all, the triple tax savings is certainly a nice little bonus (I am a huge fan!) but it's not THAT much money ... so don't overly jeopardize your access to the doctors you want and / or need. +1 Will you be mostly dependent on SS in retirement? Both FSA and HSA, AFAIK, don't add to SS. This c...
by BL
Mon Nov 12, 2018 10:40 am
Forum: Investing - Help with Personal Investments
Topic: Social Security Claiming Strategy - Seeking Confirmation
Replies: 30
Views: 3191

Re: Social Security Claiming Strategy - Seeking Confirmation

There are unknowns as long as you don't know how long each of you will live. If you are looking for longevity coverage for the longest-lived spouse, I think higher income person waiting until age 70 would cover that. Considering only total dollars, it might be different. Perhaps with all the unknown...
by BL
Sun Nov 11, 2018 10:26 pm
Forum: Investing - Help with Personal Investments
Topic: Social Security Claiming Strategy - Seeking Confirmation
Replies: 30
Views: 3191

Re: Social Security Claiming Strategy - Seeking Confirmation

Mike Piper has a book on SS updated with the latest tax changes. I suggest you get that, but be sure it is the up-dated one. Also search for his comments about SS in the Boglehead's search engine since the law change. There were major changes with the newer SS law; I am not sure any more what is cor...
by BL
Sat Nov 10, 2018 6:05 pm
Forum: Personal Finance (Not Investing)
Topic: Stop paying on life insurance policy?
Replies: 33
Views: 2560

Re: Stop paying on life insurance policy?

A surviving spouse can file as Qualifying Widow/er for 2 years if she has dependent children.
by BL
Fri Nov 09, 2018 6:32 pm
Forum: Personal Finance (Not Investing)
Topic: Doing taxes by hand
Replies: 83
Views: 5022

Re: Doing taxes by hand

Good idea but find a free way to also calculate online or lower cost download as a check.
Spouse does ours by hand and I check with H&R Block bought on sale. Nice to see they both check out.
by BL
Fri Nov 09, 2018 6:16 pm
Forum: Investing - Help with Personal Investments
Topic: Convinced wife to invest but wants her own accounts
Replies: 22
Views: 3450

Re: Convinced wife to invest but wants her own accounts

Why a ROTH IRA and Taxable only? Does she have access to a Traditional and Roth 401k/403b/457? Why are they not part of the discussion about putting money away? My wife keeps telling me she wants to start saving some money on her own and I have to keep reminding her that she already has about $250k...
by BL
Fri Nov 09, 2018 3:08 pm
Forum: Personal Consumer Issues
Topic: Lowest Cost GPS-Capable Device for Senior Citizen
Replies: 18
Views: 1069

Re: Lowest Cost GPS-Capable Device for Senior Citizen

If you get a Garmin, don't forget to register it so you can get map updates later!
by BL
Fri Nov 09, 2018 1:25 pm
Forum: Investing - Help with Personal Investments
Topic: How to correctly determine if Roth IRA need to be backdoor or not?
Replies: 5
Views: 659

Re: How to correctly determine if Roth IRA need to be backdoor or not?

Thanks for the response. Finally overcoming inertia, I'm going through the Roth IRA steps this upcoming week. 1. Is Vanguard still the preferred brokerage account? I plan to max out $5.5k*2 for 2018 this month and immediately do $6k*2 in 2019 in January. Going with the 3 lazy fund (60(US stocks)/20...
by BL
Fri Nov 09, 2018 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Traditional IRA and/or Solo 401K
Replies: 9
Views: 350

Re: Traditional IRA and/or Solo 401K

I wonder if he could roll his Trad.IRA into his new 401k (I don't think Vanguard allows it.)

Then he could do the trad-to-Roth (see backdoor Roth in Wiki.) if high income.
Otherwise he would be doing pro-rated conversion to Roth and would owe tax on most of it.
by BL
Thu Nov 08, 2018 11:28 pm
Forum: Personal Consumer Issues
Topic: Lowest Cost GPS-Capable Device for Senior Citizen
Replies: 18
Views: 1069

Re: Lowest Cost GPS-Capable Device for Senior Citizen

A stand-alone Garmin or similar might be simplest.
Anyone's used smartphone could be set up, off-line cheap, or low-cost provider.
Tracfone has $30 smartphone online that I used for a year to try it out. GPS was handy in a strange city.
by BL
Thu Nov 08, 2018 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: Expat Mexico sold U.S. home, best way to invest money safely for year or two
Replies: 5
Views: 943

Re: Sold home, best way to invest money safely for year or two

You might try adding ex-pat Mexico to your title to find interested parties.
by BL
Thu Nov 08, 2018 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: Garden SFCU 4% 4-year CD, 6 month EWP
Replies: 35
Views: 2551

Re: Thoughts on Garden Savings FCU CD (2yr-2% & 4yr-4%)

Ally 11 month with no early break penalty 2.1% 12 month 2.5% ... you should check their products. Thanks midareff. That's currently what I have. Are these 3% and 4% worth considering? The DFA/Swedroe approach with CDs is to the purchase the longest term CD up to the point where going one year furth...
by BL
Thu Nov 08, 2018 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: Garden SFCU 4% 4-year CD, 6 month EWP
Replies: 35
Views: 2551

Re: Thoughts on Garden Savings FCU CD (2yr-2% & 4yr-4%)

Just got an email from PenFed CU about their 2.71% 1-yr rate. I am sticking to 1-yr for now with rates increasing.

Vanguard Prime MM is now 2.22% and Federal MM is 2.11% SEC rate.