Search found 227 matches

by sman09
Tue Jul 24, 2018 8:49 pm
Forum: Personal Investments
Topic: Closing Wealthfront and Betterment accounts: Guidance requested
Replies: 32
Views: 3019

Re: Closing Wealthfront and Betterment accounts: Guidance requested

I did an in kind transfer from betterment to vangaurd. Wasn't complicated. Thank you @Freefun! I do not have an account with Vanguard presently. My 401k is with Fidelity and not sure if these post-tax dollars i invested with Betterment, WF could be moved to my tax-deferred 401k account at Fidelity
by sman09
Tue Jul 24, 2018 8:47 pm
Forum: Personal Investments
Topic: Closing Wealthfront and Betterment accounts: Guidance requested
Replies: 32
Views: 3019

Re: Closing Wealthfront and Betterment accounts: Guidance requested

If the OP closes the accounts, the money has to leave the accounts and go somewhere. :) Might as well go to a checking account and from there directly into the desired investment account of choice. As for the idea to just stop investing in those accounts and not close them, I think that is a bad id...
by sman09
Tue Jul 24, 2018 8:45 pm
Forum: Personal Investments
Topic: Closing Wealthfront and Betterment accounts: Guidance requested
Replies: 32
Views: 3019

Re: Closing Wealthfront and Betterment accounts: Guidance requested

Thank you everyone for sharing your advice! So, it appears to avoid any further complication, it might be better to close the accounts - in which case, is it better to move the funds back to my bank account? I agree, you should close the account. If you don't, you would still need to track buys and...
by sman09
Tue Jul 24, 2018 8:44 pm
Forum: Personal Investments
Topic: Closing Wealthfront and Betterment accounts: Guidance requested
Replies: 32
Views: 3019

Re: Closing Wealthfront and Betterment accounts: Guidance requested

If you want control you can in kind transfer everything to M1 but note that only whole shares will transfer so you’ll be left with bits at wealthfront and Betterment that you would likely liquidate (they may do this automatically) and also not that the way M1 handles securities transferred in is le...
by sman09
Tue Jul 24, 2018 8:42 pm
Forum: Personal Investments
Topic: Closing Wealthfront and Betterment accounts: Guidance requested
Replies: 32
Views: 3019

Re: Closing Wealthfront and Betterment accounts: Guidance requested

Thank you @jacoavlu @rgs92 @viz @livesoft @Freefun for sharing your insights. For some reason, i did not notice your replies posted on Jul-21 until just now. Usually i see an email alert and then open the forum right away - i was traveling a bit this weekend and looks like i totally missed to note t...
by sman09
Tue Jul 24, 2018 8:38 pm
Forum: Personal Investments
Topic: Closing Wealthfront and Betterment accounts: Guidance requested
Replies: 32
Views: 3019

Re: Closing Wealthfront and Betterment accounts: Guidance requested

I would not close the accounts, nor would I add more funds to the accounts, until I had sorted out the wash sales. No further “harm” being done if there’s no sell activity. Thank you @jacoavlu for your suggestion. I remember reading in WF or Betterment that although TLH has been turned off, they mi...
by sman09
Tue Jul 24, 2018 5:21 pm
Forum: Personal Investments
Topic: TLH Wash Sale Scenario - help understand
Replies: 3
Views: 329

Re: TLH Wash Sale Scenario - help understand

Thank you. From the information shared by Wealthfront in my account, i do not see the original purchase price They only state the price at which they sold it for doing TLH : SYMBOL TYPE SHARES SHARE PRICE DATE VALUE SCHF Sell 80 $33.35 07/16/2018 -$2,668.00 Is there some place in the system, where i...
by sman09
Tue Jul 24, 2018 3:01 pm
Forum: Personal Investments
Topic: TLH Wash Sale Scenario - help understand
Replies: 3
Views: 329

TLH Wash Sale Scenario - help understand

I would really appreciate some guidance to help me understand consequences of a wash sale scenario in my accounts. In my Wealthfront account i see the following: (Tax Loss Harvesting Starting May-30) SYMBOL TYPE SHARES SHARE PRICE DATE VALUE SCHF Sell 80 $33.35 07/16/2018 -$2,668.00 VEA Buy 61 $43.2...
by sman09
Tue Jul 24, 2018 12:30 pm
Forum: Personal Consumer Issues
Topic: My New Car Buying Tips
Replies: 324
Views: 95889

Help with buying a used car and guidance on donating/selling current car

My old car (almost 20 years old with 200,000 miles) has some issues that i need to attend before i could renew the registration - the car itself will not fetch me more than $500 (probably less) if i trade it with a dealer. Got estimates to make the car better - $500 to change vapor canister (to pass...
by sman09
Sat Jul 21, 2018 10:23 am
Forum: Personal Investments
Topic: Closing Wealthfront and Betterment accounts: Guidance requested
Replies: 32
Views: 3019

Re: Closing Wealthfront and Betterment accounts: Guidance requested

Thank you everyone for sharing your advice!

So, it appears to avoid any further complication, it might be better to close the accounts - in which case, is it better to move the funds back to my bank account?
by sman09
Fri Jul 20, 2018 8:20 pm
Forum: Personal Investments
Topic: Closing Wealthfront and Betterment accounts: Guidance requested
Replies: 32
Views: 3019

Closing Wealthfront and Betterment accounts: Guidance requested

In my lack of understanding of basics of investing, i ended up investing in both Wealthfront and Betterment (about $10,000 each) about 3 months back and during this time was also investing on my own in ETFs via M1Finance (small amount). Both Wealthfront and Betterment were performing TLH and after t...
by sman09
Tue Jul 17, 2018 7:15 pm
Forum: Personal Consumer Issues
Topic: My New Car Buying Tips
Replies: 324
Views: 95889

Re: My New Car Buying Tips

While I purchased my new car back in Jan 2018, I know what is the exceptional price of that car and my budget. So I havent done bidding game. I have been following the internet pricing thread forum of that car for close to 6 months. I sent an email to dealer who is 300 miles away asking for OTD pri...
by sman09
Tue Jul 03, 2018 12:05 am
Forum: Personal Investments
Topic: Expected returns for 80/20 stock bond for next 10 years.
Replies: 169
Views: 14419

Re: Expected returns for 80/20 stock bond for next 10 years.

Sandtrap wrote:
Mon Jul 02, 2018 8:38 pm
Good question.
Interesting answers.
What about:
60/40 ??
50/50 ??

j
any insights on these scenarios?
by sman09
Tue Jun 19, 2018 5:06 pm
Forum: Personal Investments
Topic: Contribute to both 403(b) and 457(b)?
Replies: 61
Views: 3935

Re: Contribute to both 403(b) and 457(b)?

That's right - given the default contribution this does not specifically apply to me directly. But if the guidance was not to contribute any more than the minimum required to get the match, i was wondering as to what it means to my situation and so wanted to check There are at least 3 schools of th...
by sman09
Tue Jun 19, 2018 11:07 am
Forum: Personal Investments
Topic: Contribute to both 403(b) and 457(b)?
Replies: 61
Views: 3935

Re: Contribute to both 403(b) and 457(b)?

The Prioritizing investments wiki (https://www.bogleheads.org/wiki/Prioritizing_investments) says: "Contribute to the work-based plan (401(k), 403b,) enough to get the full employer match (the match is like free money, your best possible investment)," does the "enough to get the full employer match...
by sman09
Tue Jun 19, 2018 10:46 am
Forum: Personal Investments
Topic: Contribute to both 403(b) and 457(b)?
Replies: 61
Views: 3935

Re: Contribute to both 403(b) and 457(b)?

The Prioritizing investments wiki (https://www.bogleheads.org/wiki/Prioritizing_investments) says: "Contribute to the work-based plan (401(k), 403b,) enough to get the full employer match (the match is like free money, your best possible investment)," does the "enough to get the full employer match...
by sman09
Tue Jun 19, 2018 10:41 am
Forum: Personal Investments
Topic: Contribute to both 403(b) and 457(b)?
Replies: 61
Views: 3935

Re: Contribute to both 403(b) and 457(b)?

The Prioritizing investments wiki (https://www.bogleheads.org/wiki/Prioritizing_investments) says: "Contribute to the work-based plan (401(k), 403b,) enough to get the full employer match (the match is like free money, your best possible investment)," does the "enough to get the full employer match...
by sman09
Mon Jun 18, 2018 11:54 pm
Forum: Personal Investments
Topic: Contribute to both 403(b) and 457(b)?
Replies: 61
Views: 3935

Re: Contribute to both 403(b) and 457(b)?

The Prioritizing investments wiki (https://www.bogleheads.org/wiki/Prioritizing_investments) says: "Contribute to the work-based plan (401(k), 403b,) enough to get the full employer match (the match is like free money, your best possible investment)," does the "enough to get the full employer match"...
by sman09
Mon Jun 18, 2018 11:30 pm
Forum: Personal Investments
Topic: Contribute to both 403(b) and 457(b)?
Replies: 61
Views: 3935

Re: Contribute to both 403(b) and 457(b)?

@CyclingDuo: Thank you for some excellent inputs and advice. I read your message shortly after you posted but could not respond right away. With more responses coming over the weekend, completely missed to revert back and follow up on your suggestions. A 401(a) is a defined benefit/pension plan util...
by sman09
Mon Jun 18, 2018 11:07 pm
Forum: Personal Investments
Topic: Contribute to both 403(b) and 457(b)?
Replies: 61
Views: 3935

Re: Contribute to both 403(b) and 457(b)?

With the 2018 standard deduction of $24K, you are already in the 12% tax bracket without any contributions to tax deferred accounts. I had to use an online calculator to enter the numbers and see for myself that it is a 12% bracket as you say - just curios as to whether, you also used a calculator ...
by sman09
Mon Jun 18, 2018 10:42 pm
Forum: Personal Investments
Topic: Contribute to both 403(b) and 457(b)?
Replies: 61
Views: 3935

Re: Contribute to both 403(b) and 457(b)?

retiredjg wrote:
Mon Jun 18, 2018 4:49 pm
Some jobs are exempt from SS. I don't know why....maybe because of the pension coming. Teachers seem to be in this group a lot.

If you pay into SS, you will get SS. It will be part of your taxable income in retirement.
Good to know! thank you!
by sman09
Mon Jun 18, 2018 4:36 pm
Forum: Personal Investments
Topic: Contribute to both 403(b) and 457(b)?
Replies: 61
Views: 3935

Re: Contribute to both 403(b) and 457(b)?

Do you contribute to SS now, out of every paycheck? Do you have a history of jobs where you contribute to SS? What about your spouse? Yes, we have had SS deducted off our paycheck always. I thought SS was deducted by default from everyone's paycheck. From your question, it appears that is not the c...
by sman09
Mon Jun 18, 2018 4:34 pm
Forum: Personal Investments
Topic: Contribute to both 403(b) and 457(b)?
Replies: 61
Views: 3935

Re: Contribute to both 403(b) and 457(b)?

I also suggest that you first take a step back and think about how much you want to save for retirement/ long-term each year, how much you want to save post-tax in a Roth vs. pre-tax elsewhere, and also how much savings/ investments you want to be easily accessible for immediate and medium term sav...
by sman09
Mon Jun 18, 2018 2:29 pm
Forum: Personal Investments
Topic: Contribute to both 403(b) and 457(b)?
Replies: 61
Views: 3935

Re: Contribute to both 403(b) and 457(b)?

also, what exactly were you referring by "Roth IRA or Roth 403b/457 for the rest. Let's say you plan to save $23k in a year. I'd put about $15k into tax deferred 457b and put the remaining $8k into Roth IRA or Roth 403b. Or you could split the numbers differently if you want. If your employer's con...
by sman09
Mon Jun 18, 2018 2:29 pm
Forum: Personal Investments
Topic: Contribute to both 403(b) and 457(b)?
Replies: 61
Views: 3935

Re: Contribute to both 403(b) and 457(b)?

Thank you @maddogio.
maddogio wrote:
Mon Jun 18, 2018 1:38 pm
Is your employer part of the social security system? My experience is that many with these types of plans are not. That's something to think about when you consider savings rates.

How does being part of the SS system affect the savings rate? Could you offer some details?
by sman09
Mon Jun 18, 2018 12:47 pm
Forum: Personal Investments
Topic: Contribute to both 403(b) and 457(b)?
Replies: 61
Views: 3935

Re: Contribute to both 403(b) and 457(b)?

Thanks DoTheMath. It's a little like a pension that is not a pension. :D Either way, it is a nice chunk of money being put away for our poster in a tax-deferred account. This just adds to the argument that our poster does not need to fill several other tax-deferred accounts of his/her own. Filling ...
by sman09
Sun Jun 17, 2018 2:54 am
Forum: Personal Investments
Topic: Reconciling Buy-and-Hold philosophy with AA/TLH
Replies: 17
Views: 1590

Re: Reconciling Buy-and-Hold philosophy with AA/TLH

I didn't ask for greater detail on your target date fund, and I probably should have. Which one is it? Mine is Freedom 2045 fund class K (Fidelity) Domestic Equity - 60% International Equity - 30% Bonds - 7% Other: Short-term investments and net other assets Not all target date funds are equal. The...
by sman09
Sun Jun 17, 2018 2:35 am
Forum: Personal Investments
Topic: Reconciling Buy-and-Hold philosophy with AA/TLH
Replies: 17
Views: 1590

Re: Reconciling Buy-and-Hold philosophy with AA/TLH

There is no reason to wait. People here can help you figure out which funds to use. In order to help you with this, you need to give a lot of information and it needs to be in a certain format. This helps you organize the information in a way that makes it easy for someone to help you. The format i...
by sman09
Sun Jun 17, 2018 2:29 am
Forum: Personal Investments
Topic: Please critique and help me with my AA
Replies: 9
Views: 1263

Re: Please critique and help me with my AA

[...] The first thing to do while you are deciding what to do would be to change the mutual funds in the taxable account to not automatically reinvest the dividends. That might make moving the funds around easier since they will eventually be all long term gains. [...] Could you explain the logic b...
by sman09
Sun Jun 17, 2018 1:32 am
Forum: Personal Investments
Topic: M1 Finance: What’s the Catch?
Replies: 10
Views: 2674

Re: M1 Finance: What’s the Catch?

This interview with the M1Finance's CEO might answer some of your questions http://www.wealthmanagement.com/technology/future-finance-free [...] We do incur costs, particularly in development, and need revenue to support our ongoing operations. To cover those costs, M1 monetizes other services, the ...
by sman09
Sun Jun 17, 2018 1:20 am
Forum: Personal Investments
Topic: Contribute to both 403(b) and 457(b)?
Replies: 61
Views: 3935

Re: Contribute to both 403(b) and 457(b)?

sman09, since you have both 403b and 457b available, you are allowed to contribute to one or the other or both. It is your choice. Some of these plans also allow Roth contributions - I don't think we know yet if either of your plans offers that option. yes, i have a Roth option available on both 40...
by sman09
Sun Jun 17, 2018 12:42 am
Forum: Personal Investments
Topic: Contribute to both 403(b) and 457(b)?
Replies: 61
Views: 3935

Re: Contribute to both 403(b) and 457(b)?

Sure, withdrawing from the 457 is allowed when one has “separated from service” retire quit, change jobs to a different city county state university. There is no age restriction. That is essentially the only difference I could find comparing 403b vs. 457. Only some of the providers offered 457 plan...
by sman09
Sun Jun 17, 2018 12:40 am
Forum: Personal Investments
Topic: Contribute to both 403(b) and 457(b)?
Replies: 61
Views: 3935

Re: Contribute to both 403(b) and 457(b)?

student wrote:
Fri Jun 15, 2018 5:21 am
You should ask HR or Fidelity (which you said is the provider). My understanding is that it is governmental for state universities. You can ask them whether you can roll it over to an IRA when you leave the university. It is only doable for governmental.
will do - thanks @student!
by sman09
Thu Jun 14, 2018 11:56 pm
Forum: Personal Investments
Topic: Contribute to both 403(b) and 457(b)?
Replies: 61
Views: 3935

Re: Contribute to both 403(b) and 457(b)?

Just wanted to add this information if it would help ascertain whether the 457 is a governmental one

the funds deposited will be in the retirement plan provided by Fidelity
by sman09
Thu Jun 14, 2018 11:47 pm
Forum: Personal Investments
Topic: 28 with a wife and new baby
Replies: 31
Views: 2335

Re: 28 with a wife and new baby

We just had a baby in February. Congratulations and best wishes to your family! Reading through your post, sounds like you are in perfect shape and on track for an excellent retirement. [...] convincing advice on this forum that suggested it was a good idea to max out retirement accounts before wor...
by sman09
Thu Jun 14, 2018 11:28 pm
Forum: Personal Investments
Topic: Contribute to both 403(b) and 457(b)?
Replies: 61
Views: 3935

Re: Contribute to both 403(b) and 457(b)?

I think the most important question is whether you have a governmental or non-governmental 457b. I would not want to be involved with a non-governmental one. As for regular version or Roth version, I would probably do half and half. Thank you @student for sharing that suggestion - i will think thro...
by sman09
Thu Jun 14, 2018 11:25 pm
Forum: Personal Investments
Topic: Contribute to both 403(b) and 457(b)?
Replies: 61
Views: 3935

Re: Contribute to both 403(b) and 457(b)?

CyclingDuo raises a good question. I read you as saying you used to have a 401K, but now you don't, and instead have access to a 457(b) and a 403(b). How many accounts do we have here? we (i) have a 401a - to which employer contributes (spouse works for a private employer and has not contributed to...
by sman09
Thu Jun 14, 2018 11:18 pm
Forum: Personal Investments
Topic: Contribute to both 403(b) and 457(b)?
Replies: 61
Views: 3935

Re: Contribute to both 403(b) and 457(b)?

I have both through my employer. Check the rules for withdrawal that apply to both, as they're slightly different -- the 457(b) allows you penalty-free access to the contributions when you separate from your employer, and the 403(b), IIRC, doesn't have that provision. The only reason not to max bot...
by sman09
Thu Jun 14, 2018 11:16 pm
Forum: Personal Investments
Topic: Contribute to both 403(b) and 457(b)?
Replies: 61
Views: 3935

Re: Contribute to both 403(b) and 457(b)?

The same employee at the same job cannot contribute the maximum to both a 401k and a 403b (you can to a 401k and a 457b or a 403b and a 457b), so I assume you mean there are two of you and one has the 401k, and the other has the 403b/457b plan. Is this correct? Three possible maximum contributions?...
by sman09
Thu Jun 14, 2018 11:15 pm
Forum: Personal Investments
Topic: Contribute to both 403(b) and 457(b)?
Replies: 61
Views: 3935

Re: Contribute to both 403(b) and 457(b)?

The only reason not to max both is that's an awful lot of money, percentage-wise. You can contribute $18,500 to *each* of the plans. If you have four plans between you, that's what, 72% of your income? you are right - it would indeed be 72% of income. i thought contributing to either roth/tradition...
by sman09
Thu Jun 14, 2018 11:05 pm
Forum: Personal Investments
Topic: Contribute to both 403(b) and 457(b)?
Replies: 61
Views: 3935

Re: Contribute to both 403(b) and 457(b)?

I max a governmental 457b and a 403b ($24,500 since I have turned 50). I don't have a Roth option. In your situation I would try to max both if I could do it and still have enough left over to live on (assuming governmental 457). I have not read your previous posts, so I don't know your entire situ...
by sman09
Thu Jun 14, 2018 10:49 pm
Forum: Personal Investments
Topic: Contribute to both 403(b) and 457(b)?
Replies: 61
Views: 3935

Re: Contribute to both 403(b) and 457(b)?

Not enough information. Do you mean you have both plans available or you and your spouse have both plans available? Or you have two available and spouse has one available? Which plan is better in terms of fees? Do you need help with that or do you already know? Is there likely to be a pension invol...
by sman09
Thu Jun 14, 2018 10:41 pm
Forum: Personal Investments
Topic: 28 with a wife and new baby
Replies: 31
Views: 2335

Re: 28 with a wife and new baby

We just had a baby in February. Congratulations and best wishes to your family! Reading through your post, sounds like you are in perfect shape and on track for an excellent retirement. [...] convincing advice on this forum that suggested it was a good idea to max out retirement accounts before wor...
by sman09
Thu Jun 14, 2018 10:33 pm
Forum: Personal Investments
Topic: Reconciling Buy-and-Hold philosophy with AA/TLH
Replies: 17
Views: 1590

Re: Reconciling Buy-and-Hold philosophy with AA/TLH

My target date fund is fine as it is - it was the expense ratio on the fund (0.65%) that made me start thinking of switching over. If letting the target date fund continue for one more year as i solidify my investment knowledge (to avoid the repeat of me investing in Betterment and Wealthfront to g...
by sman09
Thu Jun 14, 2018 5:46 pm
Forum: Personal Investments
Topic: Contribute to both 403(b) and 457(b)?
Replies: 61
Views: 3935

Re: Contribute to both 403(b) and 457(b)?

I think the most important question is whether you have a governmental or non-governmental 457b. I would not want to be involved with a non-governmental one. As for regular version or Roth version, I would probably do half and half. Thank you @student for sharing that suggestion - i will think thro...
by sman09
Thu Jun 14, 2018 5:43 pm
Forum: Personal Investments
Topic: Contribute to both 403(b) and 457(b)?
Replies: 61
Views: 3935

Re: Contribute to both 403(b) and 457(b)?

I have both through my employer. Check the rules for withdrawal that apply to both, as they're slightly different -- the 457(b) allows you penalty-free access to the contributions when you separate from your employer, and the 403(b), IIRC, doesn't have that provision. The target date funds should a...
by sman09
Thu Jun 14, 2018 5:38 pm
Forum: Personal Investments
Topic: 401k & account with 1 Robo-advisor: Wash sale chance?
Replies: 22
Views: 1407

Re: 401k & account with 1 Robo-advisor: Wash sale chance?

The question now is, if i had another $10,000 invested at another firm which also has very similar index funds in the portfolio and also does TLH, would the fact that there are 3 firms possibly reverse the wash sale? I would really appreciate some help understanding this scenario - if an example co...
by sman09
Thu Jun 14, 2018 3:35 pm
Forum: Personal Investments
Topic: Contribute to both 403(b) and 457(b)?
Replies: 61
Views: 3935

Contribute to both 403(b) and 457(b)?

As i mentioned in an earlier post, with little knowledge of investing and more importantly fear and suspicion of markets, i did not contribute to 401k plans last year. It was only when i wrote a sizeable check to IRS along with my tax returns this year, that it occurred to me that i should start con...
by sman09
Thu Jun 14, 2018 2:55 pm
Forum: Personal Investments
Topic: Reconciling Buy-and-Hold philosophy with AA/TLH
Replies: 17
Views: 1590

Re: Reconciling Buy-and-Hold philosophy with AA/TLH

I'm seeing some clues that you're new to investing, and that you're still figuring out your investment strategy. One of the recurrent themes i found in reading the investment styles of respected investment gurus, is buying a good investment not with the intention of selling but to hold for life . I...
by sman09
Thu Jun 14, 2018 2:34 pm
Forum: Personal Investments
Topic: 401k & account with 1 Robo-advisor: Wash sale chance?
Replies: 22
Views: 1407

Re: 401k & account with 1 Robo-advisor: Wash sale chance?

Thank you @retiredjg and @Nate79 for sharing your thoughts and insights! At this point, may i ask another question with regard to investing. I eventually plan on being in control of my investments and doing away with external advisors. For now, due to my multiple commitments, i would rather let my m...