Search found 3716 matches

by Lafder
Wed Feb 28, 2018 10:00 am
Forum: Investing - Help with Personal Investments
Topic: how to draw down taxable retirement acct...?
Replies: 20
Views: 1675

Re: how to draw down taxable retirement acct...?

Take a chance and post everything. It really gives a more full picture! Where you withdraw from will depend on what is there when you need money. Are you 100% comfortable with what the holdings are? Since to me, the holdings for the next 15 years is a more major concern than where to draw from in th...
by Lafder
Tue Feb 27, 2018 10:44 am
Forum: Investing - Help with Personal Investments
Topic: 2018 Strategy & Backdoor Roth Question
Replies: 11
Views: 789

Re: 2018 Strategy & Backdoor Roth Question

You could simplify your accounts by rolling your SEP into your solo401k, and that way if your income goes above an allowable Roth contribution, you will still be able to do a back door Roth without a pro rata issue. I have a solo401k and it was not easy to find one that allowed a mega back door Roth...
by Lafder
Mon Feb 26, 2018 9:46 am
Forum: Personal Consumer Issues
Topic: How long would a 09' Hyundai Sonata last?
Replies: 13
Views: 1263

Re: How long would a 09' Hyundai Sonata last?

June 3, 2024 ! I am just guesstimating 15 years. It all depends. You could have an accident or catastrophic failure tomorrow that totals the car. At some point, it will need a repair that doesn't feel worth the investment, or rust too significantly, or have an accident, or get stolen, or ?? Hyundai ...
by Lafder
Mon Feb 26, 2018 9:31 am
Forum: Personal Consumer Issues
Topic: Talk some "cents" into me- Home Improvement
Replies: 33
Views: 1675

Re: Talk some "cents" into me- Home Improvement

Max your retirement accounts, pay off the loans, then save to pay for the driveway cash. You may change your opinion on whether it is a good use of the funds once you have it in your hand. The job on credit/more debt, will feel very different than paying cash for it. By the time you save for it, you...
by Lafder
Sun Feb 25, 2018 4:56 pm
Forum: Investing - Help with Personal Investments
Topic: Rolling over current employer 401(k) to solo 401(k)
Replies: 7
Views: 527

Re: Rolling over current employer 401(k) to solo 401(k)

It depends on the employer 401k rules. My husband's 401k allowed us to roll some of it to a Rollover IRA and I did that to have full control of the investments. It was called an in plan withdrawal, or distribution. They only allowed that with certain categories of contributions so we did it to the e...
by Lafder
Sat Feb 24, 2018 4:38 pm
Forum: Investing - Help with Personal Investments
Topic: New BH member, first time poster
Replies: 10
Views: 757

Re: New BH member, first time poster

Current assets: 401k -- $146,000 Roth 401k -- $24,300 Personal IRA (Raymond James)-- $15,500 Wife IRA (Raymond James)--$18,000 Personal Roth (Raymond James) -- $3,800 ((Consider rolling your IRAs into your 401k so you can do back door Roths. You must have a zero IRA balance by 12/31 to do back door ...
by Lafder
Sat Feb 24, 2018 11:45 am
Forum: Investing - Help with Personal Investments
Topic: New BH member, first time poster
Replies: 10
Views: 757

Re: New BH member, first time poster

I sent you a private message.
lafder
by Lafder
Sat Feb 24, 2018 11:35 am
Forum: Investing - Help with Personal Investments
Topic: Should I bite the bullet and invest in this market?
Replies: 86
Views: 9755

Re: Should I bite the bullet and invest in this market?

Welcome here! First things first, what is your desired asset allocation? Stocks to bonds ? International? Is this 450 k the entirety of your savings or do you have other already invested holdings that should be taken into consideration ? Consider posting all of your holdings like this, and answer th...
by Lafder
Sat Feb 24, 2018 11:25 am
Forum: Investing - Help with Personal Investments
Topic: AA: am I being wise or missing something?
Replies: 26
Views: 2318

Re: AA: am I being wise or missing something?

I was going to say a range of 40-60% stock and others beat me to it. I would not go more aggressive than that. If you really can not decide, split the difference and go 50/50 :) Life strategy Moderate is an all on one 60/40 fund made up of Total Stock Index Total INternational stock index Total US b...
by Lafder
Sat Feb 24, 2018 11:07 am
Forum: Investing - Help with Personal Investments
Topic: VTSAX vs VFIAX [Vanguard Total Stock Mkt vs. 500 Index]
Replies: 5
Views: 1286

Re: VTSAX vs VFIAX [Vanguard Total Stock Mkt vs. 500 Index]

This is a useful description that helped me understand that the SP 500 is the majority of the stock market, so yes it mirrors a total stock market fund. But, the total stock market fund has mid and small caps. Still HUGE companies! SP 500= large cap Extended market = small and mid cap https://www.bo...
by Lafder
Sat Feb 24, 2018 11:02 am
Forum: Investing - Help with Personal Investments
Topic: Company changes 401k...again.
Replies: 5
Views: 489

Re: Company changes 401k...again.

Coastie, It seems the new stock fund has a lower expense ratio if I am reading your post correctly :) The Vanguard US equity index is a US stock index. You say the new fund has an ER of 0.016, which is lower than the old ER of 0.02. But both ERs are wonderfully low and practically the same if you ro...
by Lafder
Sat Feb 24, 2018 10:42 am
Forum: Investing - Help with Personal Investments
Topic: Should I Pay Learnvest for Financial Advice to Convince Wife?
Replies: 36
Views: 2521

Re: Should I Pay Learnvest for Financial Advice to Convince Wife?

It sounds like your wife needs some explanation to understand why a 401k or Roth make HER more money over time by saving on taxes. Is she aware the IRA or Roth belong to her, not her employer? It is possible the match is not vested, but her contribution is always hers. The IRA or Roth are just the "...
by Lafder
Fri Feb 23, 2018 8:53 am
Forum: Investing - Help with Personal Investments
Topic: Novice Investor looking for advice
Replies: 12
Views: 682

Re: Novice Investor looking for advice

I sent you a private message
lafder
by Lafder
Thu Feb 22, 2018 12:41 am
Forum: Investing - Help with Personal Investments
Topic: Owe IRS $33K, need help with tax planning for 2018
Replies: 24
Views: 4142

Re: OWE IRS $33K, NEED HELP WITH TAX PLANNING FOR 2018

If the self employment is just you and your wife, you may be eligible for Solo401k's. But they must be set up during the tax year so it is too late for 2017 for solo401k. However look into SEP for 2017, and solo401k for 2018. You need to read how the existing employed retirement accounts limit the m...
by Lafder
Thu Feb 22, 2018 12:31 am
Forum: Investing - Help with Personal Investments
Topic: Joint Taxable Account
Replies: 17
Views: 1239

Re: Joint Taxable Account

At Vanguard they allow you to list POD or TOD on a single owned account. So if it stays in your name, you can list your wife as a primary beneficiary and others as secondary. If you make it a joint account, there is no way to designate POD/TOD so it would have to go through a will and probate. Eithe...
by Lafder
Sun Feb 18, 2018 1:38 pm
Forum: Investing - Help with Personal Investments
Topic: Big changes, ready to contribute again. Please advise.
Replies: 2
Views: 507

Re: Big changes, ready to contribute again. Please advise.

Fidelity solo401k allows you to roll in other retirement plans so you can consolidate. As long as you only have yourself and a spouse as an employee you can do a solo401k. Once you set it up you can move your old IRA in and change the holdings you have to lower cost options. Solo401k allows much mor...
by Lafder
Sun Feb 18, 2018 1:34 pm
Forum: Investing - Help with Personal Investments
Topic: Can I open a new individual (solo) 401k in this situation?
Replies: 3
Views: 440

Re: Can I open a new individual (solo) 401k in this situation?

If you think you will use the solo401k in the future, I don't see why you can't open a new one at a different brokerage and transfer the old one in without going through an IRA. I also do not see why you can't move an existing solo401k from one fiduciary to another even if you are not sure you will ...
by Lafder
Sun Feb 18, 2018 1:26 pm
Forum: Investing - Help with Personal Investments
Topic: Newbie here [Where to invest inheritance?]
Replies: 5
Views: 505

Re: Newbie here [Where to invest inheritance?]

I am sorry for your loss.

This is a great site for advice.

Take the time to post all of your holdings so we can see how this inheritance fits into your total financial picture.

lafder
by Lafder
Sun Feb 18, 2018 12:07 pm
Forum: Investing - Help with Personal Investments
Topic: Retired with backdoor roth quesiton
Replies: 5
Views: 369

Re: Retired with backdoor roth quesiton

Oops, one more thing. You can only make an IRA contribution (to do the back door Roth) if you have earned income. So I do not think a pension would count. Only one spouse needs to have income since spousal contributions are allowed. Roth conversions from an IRA do not require an income stream, but t...
by Lafder
Sun Feb 18, 2018 12:05 pm
Forum: Investing - Help with Personal Investments
Topic: Retired with backdoor roth quesiton
Replies: 5
Views: 369

Re: Retired with backdoor roth quesiton

If the money is already in an IRA, converting to a Roth is simply a Roth conversion, not a back door Roth. You will pay income tax on the amount you convert each year, so it may be worth converting over several years in case it bumps up your tax bracket. Or do it at once and get it over with. A back...
by Lafder
Sun Feb 18, 2018 11:55 am
Forum: Investing - Help with Personal Investments
Topic: Sell me on the benefits of an emergency fund
Replies: 119
Views: 7632

Re: Sell me on the benefits of an emergency fund

To me, my emergency fund is the money that I have in my checking accounts available to spend. If I feel I have "extra" I might pay extra to my car loan or send more to investments. I have not actually calculated how many months expenses I have in there. Maybe I do not want to know :) I need enough "...
by Lafder
Sat Feb 17, 2018 12:11 pm
Forum: Investing - Help with Personal Investments
Topic: Are we TOO diversified? Time to hire a professional? Who has?
Replies: 14
Views: 2005

Re: Are we TOO diversified? Time to hire a professional? Who has?

Can you and your spouse roll your IRAs into your 401k's? That would allow you both to do back door Roths every year. That 10k a year will add up over time. And the max raises at age 50, as your 401k max does too. Double check if your 401k's allow post tax contributions. If yes, any opportunity for a...
by Lafder
Sat Feb 17, 2018 12:04 pm
Forum: Investing - Help with Personal Investments
Topic: Really need an advice: sell the house or rent it out
Replies: 40
Views: 2514

Re: Really need an advice: sell the house or rent it out

I ended up renting my former home. I find being a landlord stressful. Plus we lost the capital gains tax exclusion. I am hoping my home has gone up in value enough to cancel the capital gains tax we may need to pay. It depends on sales price. We will have to recapture the depreciation. I am not look...
by Lafder
Sat Feb 17, 2018 11:39 am
Forum: Investing - Help with Personal Investments
Topic: Need Help - Triggered Pro-Rata Rule on Roth IRA Conversion But Haven't Filed Yet
Replies: 6
Views: 609

Re: Need Help - Triggered Pro-Rata Rule on Roth IRA Conversion But Haven't Filed Yet

Welcome here! I would read more on this site and see if you can convince yourself stock picking is not the best way to let the market work for you! What makes you think you know more than the professional traders with their high speed computers and insider information? Buy the whole market, boring a...
by Lafder
Fri Feb 16, 2018 12:39 am
Forum: Investing - Help with Personal Investments
Topic: Company 401k - is this optimal?
Replies: 13
Views: 1370

Re: Company 401k - is this optimal?

Change your percents so they add up to 100% for all accounts (tax advantaged and taxable, NOT including your emergency fund). This will really help you calculate your AA and see how tiny some accounts are, and help you see how much to move where to rebalance. Otherwise 5% in a large account can be a...
by Lafder
Thu Feb 15, 2018 10:43 am
Forum: Personal Consumer Issues
Topic: Dental chews for dogs....useful?
Replies: 36
Views: 2291

Re: Dental chews for dogs....useful?

All of my dogs chew and eat the dog teeth/dental chew bones as fast as if they are dog biscuits. So I doubt there is any teeth cleaning benefit for my dogs and the ingredients are not something they need to be ingesting. My dogs gnaw on the large rawhide rolls for hour and their teeth are noticeably...
by Lafder
Thu Feb 15, 2018 9:12 am
Forum: Investing - Help with Personal Investments
Topic: Break down of self employed investing options
Replies: 4
Views: 340

Re: Break down of self employed investing options

With no non spouse employees, a solo401k is likely your best option for a retirement account. You are able to contribute as employer AND employee. So potentially more than the 18k. If you and your spouse are the only employees, you should be able to max retirement accounts for both of you. But solo4...
by Lafder
Thu Feb 15, 2018 8:12 am
Forum: Investing - Help with Personal Investments
Topic: Need to restructure
Replies: 20
Views: 998

Re: Need to restructure

You and your spouse should decide how many months' of expenses you want to save as cash. Generally 3-12 months depending on your comfort level. That is the amount of cash to save and consider your "emergency fund" not counted as part of your asset allocation. Whatever left over after that is the cas...
by Lafder
Wed Feb 14, 2018 11:12 pm
Forum: Investing - Help with Personal Investments
Topic: Some help getting started
Replies: 4
Views: 278

Re: Some help getting started

Can you roll your IRAs into your 401ks? Then no problem with the pro rata rules on back door Roths. :)
lafder
by Lafder
Wed Feb 14, 2018 10:08 pm
Forum: Personal Consumer Issues
Topic: Diamonds [Earrings and ring]
Replies: 13
Views: 1052

Re: Diamonds

Some place with a good return/exchange policy so she can exchange if what you choose is not her taste :)

(yes my husband still brings up the necklace he bought me that I exchanged for one I loved :))

lafder
by Lafder
Tue Feb 13, 2018 12:17 pm
Forum: Investing - Help with Personal Investments
Topic: Where To Allocate 600,000 Fixed Income?
Replies: 11
Views: 1742

Re: Where To Allocate 600,000 Fixed Income?

1) Pay hyourself first, pay off your mortgage. Then invest the equivalent of the payments monthly per your IPS. This still leaves you a good chunk to invest now, and a guaranteed interest rate on the mortgage balance you cannot get guaranteed anywhere else. 2) I would invest in tax advantages bonds....
by Lafder
Sun Feb 11, 2018 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: what to look for when buying a flipped house
Replies: 27
Views: 2158

Re: what to look for when buying a flipped house

When I look at a house I consider is there room for improvement such as the types of upgrades many flips already have. Or is the house maximally improved for the house and neighborhood? If the house has room for improvement, I figure the price should not be at the top for the neighborhood. With a fl...
by Lafder
Sun Feb 11, 2018 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: Family expecting “comps”
Replies: 38
Views: 5082

Re: Family expecting “comps”

I used to give a discount to friends and family. But......it got complicated.

As long as you are consistent, you are in the right. What could be hard is if some family get "free" and others find out.

lafder
by Lafder
Sun Feb 11, 2018 11:10 am
Forum: Investing - Help with Personal Investments
Topic: Cons of Rebalancing?
Replies: 4
Views: 477

Re: Cons of Rebalancing?

A low cost target fund is a wonderful simple hands off invest and forget fund. If you ever want to switch to a 3 fund portfolio, and rebalance yourself , you can. But the simplicity of an all in one fund is that it rebalances for you so you don't have to do anything besides put money in, then take i...
by Lafder
Sun Feb 11, 2018 11:01 am
Forum: Investing - Help with Personal Investments
Topic: Should I tax loss harvest this downfall? I've never done it before.
Replies: 7
Views: 977

Re: Should I tax loss harvest this downfall? I've never done it before.

Taxable account or retirement account? Tax loss harvesting can only be done in a taxable account. A 40k drop from the height of the account value? Or 40k loss from the investment that you put in, your cost basis? If a taxable account and a true loss below cost basis, yes I would TLH. If a retirement...
by Lafder
Sat Feb 10, 2018 5:26 pm
Forum: Investing - Help with Personal Investments
Topic: Index vs ETF
Replies: 10
Views: 1191

Re: Index vs ETF

I find mutual funds much "easier" to deal with as far as buying and selling.

I can just specify a dollar amount and not worry about price.

lafder
by Lafder
Thu Feb 08, 2018 11:39 pm
Forum: Investing - Help with Personal Investments
Topic: Please critique...fairly new to the boglehead method!!
Replies: 11
Views: 756

Re: Please critique...fairly new to the boglehead method!!

Welcome here!

Please go back and edit your post so the total % add up to 100%, not per holding/account. It will make the relative size of each holding consistent and help you calculate asset allocation and rebalance.

lafder
by Lafder
Thu Feb 08, 2018 11:30 am
Forum: Investing - Help with Personal Investments
Topic: A Not Paying Off the Mortgage Thread
Replies: 38
Views: 5569

Re: A Not Paying Off the Mortgage Thread

Regarding this "I'd ask my wife for her opinion, but math is her weakest subject." That is exactly why you should ask your wife what she thinks. This is not a MATH equation, it is an emotional decision! To hear her input could help push you one direction or the other and help you stop waffling on wh...
by Lafder
Thu Feb 08, 2018 11:16 am
Forum: Investing - Help with Personal Investments
Topic: Investing $20K in portfolio under current market situation
Replies: 23
Views: 1861

Re: Investing $20K in portfolio under current market situation

Assuming your emergency fund is where you want it to be, yes invest according to your investment plan.
lafder
by Lafder
Thu Feb 08, 2018 11:12 am
Forum: Investing - Help with Personal Investments
Topic: Inheritance, Schwab, Vanguard, Confusion.
Replies: 10
Views: 1235

Re: Inheritance, Schwab, Vanguard, Confusion.

I am so sorry for the loss of your mom! Call Vanguard's concierge service and they should help you figure out the least expensive way to pull the money to them. They can get you on a 3 way call with Schwab to sort it all out and get the proper forms or requests done. Some can be done over the phone,...
by Lafder
Mon Feb 05, 2018 9:58 am
Forum: Investing - Help with Personal Investments
Topic: A Not Paying Off the Mortgage Thread
Replies: 38
Views: 5569

Re: A Not Paying Off the Mortgage Thread

Congratulations on your business continuing to do well, your second child on the way and your overall thoughtful approach to your finances! I think it is simpler to think of your overall asset allocation rather than breaking up taxable vs retirement. I think of my emergency fund as separate from thi...
by Lafder
Sun Feb 04, 2018 11:24 pm
Forum: Investing - Help with Personal Investments
Topic: Objective Opinion on Proposed Portfolio
Replies: 15
Views: 751

Re: Objective Opinion on Proposed Portfolio

Than you can do much simpler than you are proposing. I find ETFs trickier to use than mutual funds. But some people do prefer them. See this detailed description of a 3 fund portfolio https://www.bogleheads.org/forum/viewtopic.php?f=10&t=88005 There is no need to hold more than Total Stock Market an...
by Lafder
Sun Feb 04, 2018 11:09 pm
Forum: Investing - Help with Personal Investments
Topic: I've never rebalanced - Can I do ok without it?
Replies: 35
Views: 4535

Re: I've never rebalanced - Can I do ok without it?

There was some story quoted on here that the best performing accounts at ? Fidelity, were those that had not been touched because the owner had passed away or forgotten about it. That says something about messing with accounts...............but adjusting your holdings is a bit different than "just" ...
by Lafder
Sun Feb 04, 2018 6:46 pm
Forum: Investing - Help with Personal Investments
Topic: AA recommendation: outsized cash position, 6-8 years till retirement
Replies: 15
Views: 1467

Re: AA recommendation: outsized cash position, 6-8 years till retirement

Rewrite your % so they are % of total, not per account. You will see how tiny some holdings are and it will be easier to add up your asset allocation and figure out what to move to rebalance.
lafder
by Lafder
Sun Feb 04, 2018 6:20 pm
Forum: Investing - Help with Personal Investments
Topic: Objective Opinion on Proposed Portfolio
Replies: 15
Views: 751

Re: Objective Opinion on Proposed Portfolio

Which of these are taxable versus tax advantaged? Are you still holding so many funds since you do not want to liquidate current holdings and pay capital gains tax on taxable accounts? As presented, there are way more holdings than necessary. Are they necessary as long held shares? For example, why ...
by Lafder
Sun Feb 04, 2018 3:28 pm
Forum: Personal Consumer Issues
Topic: What would you do with this car?
Replies: 37
Views: 2951

Re: What would you do with this car?

Do you have another vehicle to drive if you sell this one? If you trade it in at the dealership, they may eat part of the "loss" you would take since they get to show the sale of another vehicle on their records which gives them quota bonuses etc, and keep you as a customer and make money off of ser...
by Lafder
Sun Feb 04, 2018 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: [Flawed?] Paying off mortgage in 5 years
Replies: 39
Views: 3348

Re: [Flawed?] Paying off mortgage in 5 years

The example is ridiculously impossible. HELOC payments go to mortgage. HELOC gets paid off with paychecks. No explanation as to how bills and expenses of living are paid when all paychecks are going to pay off the HELOC. DO you have extra $ that can go towards your mortgage? After maxing retirement ...
by Lafder
Sun Feb 04, 2018 10:24 am
Forum: Investing - Help with Personal Investments
Topic: Switch from Morgan Stanley to Vanguard Personal Advisor Services?
Replies: 22
Views: 1636

Re: Switch from Morgan Stanley to Vanguard Personal Advisor Services?

The hardest part is deciding what you want your new portfolio to look like. The next hardest is getting it that way. Then the easiest is "managing" if from there. Because in step one of deciding what you want, as far as asset allocation, it gives you a guideline to adjust your portfolio back to if i...
by Lafder
Sun Feb 04, 2018 12:22 am
Forum: Investing - Help with Personal Investments
Topic: Critique my Investment Policy Statement
Replies: 4
Views: 554

Re: Critique my Investment Policy Statement

My only critique is to add bonds, 10-20% . That way you will have something to do during the next BIG market crash: sell bonds and buy stocks on sale. If you stay at 100% stocks, please do not panic and sell during the next big crash. Just keep investing according to your AA in your IPS. And come ba...
by Lafder
Sun Feb 04, 2018 12:14 am
Forum: Investing - Help with Personal Investments
Topic: Investment Recommendations
Replies: 10
Views: 937

Re: Investment Recommendations

Your target date Vanguard funds have wonderfully low ERs. They are a fund of funds made up of: Total stock market index Total international stock market index Total bond market index Total International bond market index They rebalance for you and add bonds with age and at those ERs are hard to beat...