Search found 1090 matches

by Avo
Sun Jun 18, 2017 1:45 am
Forum: Personal Finance (Not Investing)
Topic: Example of why this forum is so good
Replies: 19
Views: 4857

Re: Example of why this forum is so good

Completely agree that this was market timing on Ferri's part. He happened to be right. But market-timers are usually not favorably regarded here, eg this thread from 3 months ago: viewtopic.php?t=215044
by Avo
Sat Jun 17, 2017 12:21 pm
Forum: Investing - Theory, News & General
Topic: Market Monitoring -- Best Practices?
Replies: 33
Views: 2876

Re: Market Monitoring -- Best Practices?

I think the best market monitoring practice is to pick two nearby stores and compare their prices on a set of items you buy regularly (cereal, laundry soap, etc) on a monthly basis.
by Avo
Sat Jun 17, 2017 12:47 am
Forum: Personal Investments
Topic: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!
Replies: 101
Views: 21805

Re: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!

Through payroll deductions, I had exactly $53K put into my after-tax DCP in 2015; $53K was the limit that year. I also had approximately $2K go into my after-tax DCP via the contributions related to summer salary; these just appeared, I don't know how they were calculated. They appear as after-tax c...
by Avo
Fri Jun 16, 2017 9:51 pm
Forum: Personal Investments
Topic: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!
Replies: 101
Views: 21805

Re: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!

I don't believe that it is correct that you have to subtract UCRP contributions from the DCP after-tax limit of $54K. ?!? You were the one who claimed that B) was the answer four days ago! I meant only contributions specifically to the DCP plan; I had such contributions from summer salary. I did no...
by Avo
Fri Jun 16, 2017 8:44 pm
Forum: Personal Consumer Issues
Topic: Watch Batteries
Replies: 53
Views: 6237

Re: Watch Batteries

On changing watch batteries yourself (for ordinary battery-powered watches, not solar powered): If you watch does not have a high water resistance (50m or better, also known as 5 bar or better), the case back is likely a "press on" type. Look around the edge of the case back (where it touc...
by Avo
Fri Jun 16, 2017 7:28 pm
Forum: Personal Investments
Topic: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!
Replies: 101
Views: 21805

Re: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!

I don't believe that it is correct that you have to subtract UCRP contributions from the DCP after-tax limit of $54K. Subtracting UCRP contributions is not mentioned in the plan summary; see page 12: http://ucnet.universityofcalifornia.edu/forms/pdf/defined-contribution-plan-summary-description.pdf ...
by Avo
Fri Jun 16, 2017 11:54 am
Forum: Personal Consumer Issues
Topic: Watch Batteries
Replies: 53
Views: 6237

Re: Watch Batteries

Thank you; they look great. But where on the front is the panel for charging. I don't see it. The light-receiving solar cell is under the dial, and cannot be seen. The dials are engineered to let through a portion of the light that falls on them, but this is not apparent visually; they look like no...
by Avo
Fri Jun 16, 2017 1:07 am
Forum: Personal Investments
Topic: Letting go of my Sectors
Replies: 10
Views: 1668

Re: Letting go of my Sectors

Wow. You sure have a lot of confidence in your ability to outguess the market!
by Avo
Thu Jun 15, 2017 12:29 pm
Forum: Personal Investments
Topic: Which of these new 401K funds is the least bad?
Replies: 7
Views: 809

Re: Which of these new 401K funds is the least bad?

How can there be a SINGLE target-date fund in the plan? Is every employee going to retire in 2040? :shock:
by Avo
Thu Jun 15, 2017 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Care Insurance?
Replies: 46
Views: 6912

Re: Long Term Care Insurance?

The basic policy is awful, IMO: "$100,000 Single Premium Asset-Care = $170,896 death/long-term care benefits". That's a 3.6% growth rate over 15 years. They don't mention what the lifetime rider costs.
by Avo
Thu Jun 15, 2017 12:09 pm
Forum: Personal Investments
Topic: Confused about Buying during Bear Market - Lost and Confused
Replies: 3
Views: 699

Re: Confused about Buying during Bear Market - Lost and Confused

You buy enough stock to bring the stock portion of your assets back up to your desired fraction of the total, whatever that is. And you shouldn't worry about this timing; just do it on a set schedule, e.g. annually or quarterly. Or when you hit a rebalancing band, as suggested above (though I think ...
by Avo
Thu Jun 15, 2017 1:35 am
Forum: Personal Investments
Topic: Moving a Roth IRA from Betterment to Vanguard?
Replies: 6
Views: 4100

Re: Moving a Roth IRA from Betterment to Vanguard?

Welcome to the forum! I opened a Roth IRA with Betterment last year thinking "I'm young, might as well start" without really thinking through the details that much. I figured starting then was better than not. Absolutely! Congratulations on getting started earlier than most. after reading ...
by Avo
Wed Jun 14, 2017 11:30 am
Forum: Personal Investments
Topic: Comments on Planned Portfolio
Replies: 8
Views: 1141

Re: Comments on Planned Portfolio

I have created several possible portfolio combinations and have tested them against each other over 1992 to 2016 That's far too short a period for any meaningful conclusions! The results will be dominated by stock/bond ratio and (to a lesser extent) by domestic/international stock ratio. Everything...
by Avo
Wed Jun 14, 2017 11:08 am
Forum: Personal Investments
Topic: Issue w/Personal Capital vs Vanguard Retirement Planners
Replies: 13
Views: 3882

Re: Issue w/Personal Capital vs Vanguard Retirement Planners

Standard compounding for those inputs gives close to Vanguard's result after 34 years:

http://www.moneychimp.com/calculator/co ... ulator.htm
by Avo
Wed Jun 14, 2017 1:28 am
Forum: Personal Finance (Not Investing)
Topic: Trust Fund Hell
Replies: 66
Views: 11927

Re: Trust Fund Hell

In 1990 I brought suit against the largest bank in Miami for mishandling the investments of my grandmother's trust fund. Did you win?? Avo: No. The bank (Southeast Bank) went bankrupt and my attorney failed to file a claim in time. Argh! How frustrating! Very sorry to hear it. But many thanks for m...
by Avo
Wed Jun 14, 2017 12:11 am
Forum: Personal Investments
Topic: Newbie seeking advise
Replies: 18
Views: 2531

Re: Newbie seeking advise

Realty, appreciate the tip on using the morningstar tool. I did plug in my allocations into the tool and although I am not familiar with this 9 box ranking and how it works I will look into learning it. There is no reason to learn. Stick with total-market funds. This is always a valid investment st...
by Avo
Tue Jun 13, 2017 10:10 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Fund Hell
Replies: 66
Views: 11927

Re: Trust Fund Hell

Taylor Larimore wrote:In 1990 I brought suit against the largest bank in Miami for mishandling the investments of my grandmother's trust fund.
Did you win??
by Avo
Tue Jun 13, 2017 5:03 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Fund Hell
Replies: 66
Views: 11927

Re: Trust Fund Hell

Be careful with selling before distributing! There could be sales charges, like $50 per fund.
by Avo
Tue Jun 13, 2017 5:00 pm
Forum: Personal Consumer Issues
Topic: Watch Batteries
Replies: 53
Views: 6237

Re: Watch Batteries

Yes, generally indoor daily ambient room light is enough to keep a solar watch charged up indefinitely.

Also, they all have some sort of low-charge indicator; if that ever happens, put it in sunlight for a few hours.
by Avo
Tue Jun 13, 2017 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Fund Hell
Replies: 66
Views: 11927

Re: Trust Fund Hell

This is pretty standard for an advisor-based account. At least you appear to have the lowest-cost share class of each fund, though there is undoubtedly an AUM fee for the advisor.
by Avo
Tue Jun 13, 2017 3:03 pm
Forum: Personal Investments
Topic: Another one of those "We are at the peak, crash is coming, how do I invest?" posts!
Replies: 75
Views: 9422

Re: Another one of those "We are at the peak, crash is coming, how do I invest?" posts!

From February 3, 2016: "James Dale Davidson is predicting a 50% collapse of the stock market in 2016, which has already begun." https://www.foolfunds.com/insights/take-doom-and-gloom-forecasts-with-a-grain-of-salt/ The market bottomed a couple of weeks later, and has been moving up steadil...
by Avo
Tue Jun 13, 2017 12:49 pm
Forum: Personal Investments
Topic: new investor getting diversified
Replies: 3
Views: 763

Re: new investor getting diversified

Folks here are generally not sector investors. We let the market pick the sector weights, because we don't believe that we know more than the market.
by Avo
Tue Jun 13, 2017 11:13 am
Forum: Personal Consumer Issues
Topic: Watch Batteries
Replies: 53
Views: 6237

Re: Watch Batteries

Self-winding mechanical watches (I own ~10 or so) will not be nearly as accurate as a battery or solar powered watch. An inexpensive one can be off by half-a-minute a day or more; even the very high end watches are guaranteed accurate only to 5 sec/day.
by Avo
Tue Jun 13, 2017 11:04 am
Forum: Personal Consumer Issues
Topic: Watch Batteries
Replies: 53
Views: 6237

Re: Watch Batteries

Do the solar powered watches really work? Absolutely. I'm a bit of a watch nut; 3 of my watches are solar powered (two Citizens and one Casio). One of the Citizens is 10 years old & still going strong. Citizen claims that their "EcoDrive" light-powering system will run 20 years with o...
by Avo
Tue Jun 13, 2017 10:48 am
Forum: Personal Consumer Issues
Topic: Watch Batteries
Replies: 53
Views: 6237

Re: Watch Batteries

Solar-powered watches from Citizen, Seiko, Casio.
by Avo
Tue Jun 13, 2017 10:13 am
Forum: Personal Finance (Not Investing)
Topic: TreasuryDirect - death of account holder
Replies: 19
Views: 5120

Re: TreasuryDirect - death of account holder

I had to obtain a 'certifying officer's' signature from a 'financial institution, trust, or credit union. Neither my credit union nor my bank (Chase) would provide that signature, stating they either didn't participate in the program or wouldn't provide a signature until I had documented proof of o...
by Avo
Tue Jun 13, 2017 1:19 am
Forum: Personal Investments
Topic: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!
Replies: 101
Views: 21805

Re: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!

Got it, thanks!

I've been a UC employee for 34 years. I vaguely remember some explanation of the pretax contributions from long ago, but I no longer remember what that explanation was.
by Avo
Tue Jun 13, 2017 1:02 am
Forum: Personal Investments
Topic: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!
Replies: 101
Views: 21805

Re: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!

Yes, to the defined-contribution plan (401a). My fidelity account shows 4 different kinds of contributions to this plan:

after tax
dc plan pretax
summer salary EE
summer salary ER

The only voluntary ones I've made are the after tax. I don't understand the sources of the other 3.
by Avo
Tue Jun 13, 2017 12:34 am
Forum: Personal Investments
Topic: Variable Life Insurance as an Investment Vehicle
Replies: 39
Views: 5529

Re: Variable Life Insurance as an Investment Vehicle

AHumanInterest wrote:I am kind of curious if the product is useful for anyone (other than the salesman)? Is there any situation in which its worthwhile.
See the whitecoatinvestor page linked above; there are some cases where a VUL policy can be used for specific issues in estate planning.
by Avo
Tue Jun 13, 2017 12:31 am
Forum: Personal Investments
Topic: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!
Replies: 101
Views: 21805

Re: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!

401a: $54,000 minus employee UCRP mandatory contribution No. There is a 54k limit on additions to the UCRP defined benefit plan, and a separate 54k limit on additions to the 401(a) defined contribution plan. In each case, "additions" functionally means sum of employer and employee contrib...
by Avo
Tue Jun 13, 2017 12:00 am
Forum: Personal Investments
Topic: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!
Replies: 101
Views: 21805

Re: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!

OK, I think the writing might have been ambiguous. I claim that the maximum amount one can contribute is 401a: $54,000 minus employee UCRP mandatory contribution AND 403b: $18,000 (+$6,000 catch-up) AND 457b: $18,000 (+$6,000 catch-up) for a maximum total of $90,000 (minus UCRP mandatory, plus $12,0...
by Avo
Mon Jun 12, 2017 11:47 pm
Forum: Personal Investments
Topic: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!
Replies: 101
Views: 21805

Re: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!

B is correct, except that the 50+ catch-up is $6000 for 2017. If you go over the limit in the 401a, they will eventually figure it out and issue you a refund. I did this in 2014 and 2015 (not realizing that I had to do the subtractions), and in 2016 I got a letter for each of those years, giving the...
by Avo
Mon Jun 12, 2017 8:18 pm
Forum: Personal Investments
Topic: JP Morgan Marked Linked CD
Replies: 21
Views: 5709

Re: JP Morgan Marked Linked CD

BogleAlltheWay wrote:Fee is .85% a year.
That should tell you everything you need to know right there, BogleAlltheWay!
by Avo
Mon Jun 12, 2017 8:10 pm
Forum: Personal Investments
Topic: Advice to a newbie
Replies: 18
Views: 2986

Re: Advice to a newbie

Pick the target retirement fund closest to the year you will want to begin withdrawing the money. Leave it alone until then.
by Avo
Mon Jun 12, 2017 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Flexibility in trust distributions
Replies: 9
Views: 1390

Re: Flexibility in trust distributions

Thanks again, I will have to look into the 529a and whether or not funds from Bob's trust can just be put into it without amending the trust (which looks difficult and costly at this point).
by Avo
Mon Jun 12, 2017 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Flexibility in trust distributions
Replies: 9
Views: 1390

Re: Flexibility in trust distributions

Thanks everyone, this is all very helpful. Yes, Tom is the children's father, and is completely trusted by the family, but still it would be better if the funds went to his special-needs kids directly in some form. The problem is that the family mode of operation is deals by handshake and everything...
by Avo
Sun Jun 11, 2017 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: Flexibility in trust distributions
Replies: 9
Views: 1390

Flexibility in trust distributions

My father-in-law Bob has a boilerplate revocable living trust that says his assets are to be distributed "per stripes". One of Bob's children, Alice, recently died; she has two disabled children receiving SS benefits that they may lose if their assets are too high. (I am not sure of this.)...
by Avo
Sun Jun 11, 2017 7:43 pm
Forum: Personal Investments
Topic: What are some good index funds to purchase for a 31YO?
Replies: 3
Views: 1079

Re: What are some good index funds to purchase for a 31YO?

Folks here generally recommend total market funds. There is no reason to buy an S&P500 fund or a dividend fund if total-market funds are available. Your Vanguard funds are already 90% in total market stock funds (domestic and international). There is very little benefit (and some definite downsi...
by Avo
Sun Jun 11, 2017 4:40 pm
Forum: Personal Investments
Topic: How to leave Matson Money?
Replies: 8
Views: 2895

Re: How to leave Matson Money?

Yes, just be sure to get an index-fund based target fund at Schwab, as they also have actively-managed target funds.
by Avo
Sat Jun 10, 2017 11:44 pm
Forum: Personal Investments
Topic: Joint bank account w/parent or not?
Replies: 29
Views: 5294

Re: Joint bank account w/parent or not?

Has your mom thought about estate planning overall?
by Avo
Sat Jun 10, 2017 6:02 pm
Forum: Personal Investments
Topic: Advice to a newbie
Replies: 18
Views: 2986

Re: Advice to a newbie

The single most important aspect of any portfolio is the percentage in bonds vs the percentage in stocks. Your current mix is 42% bonds. The suggested one is 15% bonds. It all depends on how aggressive you want to be. Vanguard uses around 15% in bonds for someone 25 years from retirement (slowly inc...
by Avo
Sat Jun 10, 2017 3:59 pm
Forum: Investing - Theory, News & General
Topic: Tell me a stock you like better than Google/Alphabet Right Now and Why
Replies: 101
Views: 14002

Re: Tell me a stock you like better than Google/Alphabet Right Now and Why

LFKB wrote:I'm not an amateur. I'm an investor by profession
Then why ask for stock-picking advice from amateurs?
by Avo
Sat Jun 10, 2017 3:55 pm
Forum: Investing - Theory, News & General
Topic: 100% Stock Portfolio?
Replies: 148
Views: 25487

Re: 100% Stock Portfolio?

Here is an article from 2016 by William Baldwin: https://www.forbes.com/sites/baldwin/2016/06/27/calculate-the-odds-of-a-portfolio-disaster With various assumptions (fully detailed), he calculates the probability of an all-stock portfolio returning less than zero over a 35-year window of continuous ...
by Avo
Fri Jun 09, 2017 1:09 pm
Forum: Investing - Theory, News & General
Topic: Jim Rogers predicting "crash of a lifetime" this year or next
Replies: 89
Views: 16936

Re: Jim Rogers predicting "crash of a lifetime" this year or next

I remember an article in Worth magazine around 1989 in which Rogers advised any young person starting out to move to China ... I can't believe this guy is still around, and that anyone pays any attention to him whatsoever ... I guess he has a knack for saying memorable things, since I still remember...
by Avo
Fri Jun 09, 2017 1:24 am
Forum: Personal Investments
Topic: UC DCP Questions [Univ. of CA Defined Contribution Plan]
Replies: 47
Views: 25232

Re: UC DCP Questions [Univ. of CA Defined Contribution Plan]

I'm confused as to how the rollover to the Roth from after-tax DCP can be done without running afoul of the pro-rata rule on distributions. Here is one article on this point: Another issue is the pro-rata rule ... The only time this becomes an issue with your 401k is if they allow in-service distrib...
by Avo
Thu Jun 08, 2017 6:50 pm
Forum: Personal Investments
Topic: Current 401k with Huge Fees, Anything I can do?
Replies: 20
Views: 2370

Re: Current 401k with Huge Fees, Anything I can do?

I would contribute up to the match, put it all in Franklin income (lowest ER), put all stocks in the Roth.
by Avo
Thu Jun 08, 2017 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: How to deal with a personal finance cynic
Replies: 109
Views: 10909

Re: How to deal with a personal finance cynic

His immediate reaction was that this site does not represent the ground reality of the vast majority. ... His view is that most people struggle to make ends meet and afford basic instate college education and not think about early retirement and financial independence. I believe that your friend is...
by Avo
Thu Jun 08, 2017 3:37 pm
Forum: Personal Investments
Topic: Best reinvestment timing for liquidated assets from a rollover?
Replies: 5
Views: 828

Re: Best reinvestment timing for liquidated assets from a rollover?

Yes, go all in immediately.

But I will ask: why S&P500 and not total market?
by Avo
Thu Jun 08, 2017 3:31 pm
Forum: Personal Consumer Issues
Topic: Electric Razor
Replies: 17
Views: 2920

Re: Electric Razor

As many have noted, his personal preferences are key.

You could write up a "coupon" for a new shaver and wrap that. My wife & I often do this for each other for presents like this when we don't know enough about what to buy.