Needing To Simplify Retirement Accounts

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Topic Author
kamogawa
Posts: 19
Joined: Wed Feb 01, 2017 11:57 am
Location: Austin,Texas

Needing To Simplify Retirement Accounts

Post by kamogawa »

This is perhaps my second post so I ask for forgiveness if I have done so incorrectly. I have tried to include information in the format Laura laid out in the now closed Forum

Current Retirement Assets

Joint Brokerage Account at Schwab 28.34 %

10.24% Cash & Money Market
10.28% IWN ISHARES RUSSELL 2000...
11.46% PWV POWERSHARES DYNAMIC
09.89% VBK VANGUARD SMALL CAP.
08.95% VSS VGRD FTSE ALL WRLD EX US
04.92% CSRSX COHEN & STEERS REALTY
07.24% VEIEX VANGUARD EMRG MKTS STK
12.60% VIGRX VANGUARD GROWTH INDEX FD
24.42% VBIIX VANGUARD INTER TERM BOND

Her Current Brokerage Account at Fidelity 07.47%
97% UNH UNITEDHEALTH GROUP
3% Cash FCASH

Her current 401k at Fidelity 14.67%

37.42% VANG INST INDEX PLUS
17.76% SS US BOND INDEX C
13.90% AF EUROPAC GROWTH R6
12.84% WF TRGT 2030 CIT E3
11.53% WF TRGT 2020 CIT E3
04.92% ABDN EMERG MKTS INST
01.63% VANG SM CAP IDX IS PL

Funds available in her Fidelity 401(k)
US ANALYST STRATEGY
VANG INST INDEX PLUS (VIIIX)
VANG MD CP IDX IS PL (VMCPX)
WT MID CAP OPPS
FIAM SM COMPANY CL B
VANG SM CP IDX IS PL (VSCPX)
ABDN EMERG MKTS INST (ABEMX)
AF EUROPAC GROWTH R6 (RERGX)
SS GLB EQ EX-US C
PIM ALL ASSET INST (PAAIX)

Her Current Executive Savings Plan at Fidelity 08.05%
48.21% VANG INST INDEX PLUS (VIIIX)
14.51% VANG INFL PROT INST (VIPIX)
13.98% VANG SM CP IDX IS PL (VSCPX)
10.57% AF EUROPAC GROWTH R6 (RERGX)
06.42% INV GOVT & AGCY PRT (AGPXX)
04.81% ABDN EMERG MKTS INST (ABEMX)
01.49% VANG TOT BD MKT INST (VBTIX)

This is a nontax-qualified retirement plan that offers maximum company match of 3% on base salary and certain incentive awards

Funds available in her Fidelity Executive Savings Plan

DODGE & COX STOCK (DODGX)
VANG INST INDEX PLUS (VIIIX)
HARTFORD MID CAP Y (HMDYX)
VANG MD CP IDX IS PL (VMCPX)
DFA US SMALL CAP I (DFSTX)
VANG SM CP IDX IS PL (VSCPX)
ABDN EMERG MKTS INST (ABEMX)
AF EUROPAC GROWTH R6 (RERGX)
VANG TOT INTL STK AD (VTIAX)
PIM ALL ASSET INST (PAAIX)
WF TARGET 2020(WFOBX), 2025(WFTYX), 2030(WFOOX) ,2035(WFQRX) ,2040(WFOSX) ,2045(WFQPX) ,2050(WFQFX) ,2055(WFQUX) 2060 R6 (WFUFX)
WF TARGET TODAY R6 (WOTDX)
DODGE & COX INCOME (DODIX)
PIM LOW DUR INST (PTLDX)
VANG TOT BD MKT INST (VBTIX)
VANG INFL PROT INST (VIPIX)
INV GOVT & AGCY PRT (AGPXX)


Her Current Employee Stock Purchase Plan at Fidelity 0.08%
2% Payroll Deduction Contribution Rate
Current Contribution Balance- 1463.32
Stock Purchase Made Every 6 Months Using “Look Back” Method Where Purchase Is Made at Stock’s Lowest Price Plus Additional 15% Discount


Her Prior 403b at Fidelity 13.83%

39.52% FID BLUE CHIP Growth FBGRX
.04% FID CONTRAFUND K FCNKX
36.45% FID FREEDOM 2025 K FSNPX
0.07% FID 500 INDEX IPR FXAIX
FID INVST GR BD FBNDX
22.80% FID GOV CASH RESERVE FDRXX
0.89% FID GOVT MMKT SPAXX




Her prior 403b at Tiaa-Cref 10.14%

07.47% TIAA Traditional
67.03% CREF Stock R3
06.63% CREF Inflation-Linked Bond R3
18.86% CREF Social Choice R3

Her Prior Annuity at TIAA-CREF 04.91 (It is my understanding this account can be moved with equal annual withdrawals over a 5 year or longer period)
05.90% TIAA Traditional
50.84% CREF Growth R3
21.62% CREF Equity Index R3
08.89% CREF Global Equities R3
06.95% TIAA Real Estate
05.80% CREF Inflation Linked Bond R3





Her Rollover IRA at Schwab 04.07%
77.37% Cash and Money Market
22.63% FBALX-Fidelity Balanced Fund (expense ratio-0.55%)


Her Managed Rollover IRA at Schwab 09.36%
01.9% MMM (3M COMPANY)
01.92% T (A T & T INC)
02.11% ABT (ABBOTT LABORATORIES)
02.26% ACN (ACCENTURE PLC F CLASS A)
01.59% MO (ALTRIA GROUP INC)
01.07% AAPL (APPLE INC)
01.89% AJG (ARTHUR J GALLAGHER&C)
02.98% BBT (BB&T CORPORATION)
01.98% BCE (BCE INC F)
02.04% BDX (BECTON DICKINSON&CO)
02.83% CVX (CHEVRON CORPORATION)
02.05% CSCO (CISCO SYSTEMS INC)
01.44% KO (COCA COLA COMPANY)
01.38% CL COLGATE-PALMOLIVE CO
01.38% CVS CVS HEALTH CORP
01.19% DE DEERE & CO
02.19% DEO DIAGEO PLC F.
02.04% ES EVERSOURCE ENERGY
02.70% XOM EXXON MOBIL CORP
01.36% GPC GENUINE PARTS CO
02.90% IBM IBM CORP
02.03% INTC INTEL CORPORATION
03.13% JNJ JOHNSON & JOHNSON
02.42% JPM JPMORGAN CHASE & CO
0.71% LEG LEGGETT & PLATT INC
02.44% LMT LOCKHEED MARTIN CORP
01.61% LOW LOWES COMPANIES INC
03.52% MSFT MICROSOFT CORP
01.35% NSRGF NESTLE SA ORDF
01.12% OXY OCCIDENTAL PETROL CO
01.68% OMC OMNICOM GROUP INC
01.55% ORCL ORACLE CORPORATION
01.93% PH PARKER-HANNIFIN CORP
01.85% PFE PFIZER INCORPORATED
02.35% PM PHILIP MORRIS INTL
02.56% PPG PPG INDUSTRIES INC
01.79% PG PROCTER & GAMBLE
01.89% RTN RAYTHEON COMPANY
0.91% SBUX STARBUCKS CORP
01.94% TROW T ROWE PRICE GROUP
03.32% TXN TEXAS INSTRUMENTS
0.78% TJX TJX COMPANIES INC
02.58% UTX UNITED TECHNOLOGIES
02.39% VZ VERIZON COMMUNICATN
02.42% VFC VF CORPORATION
0.83% WSO WATSCO INC
02.38% WFC WELLS FARGO BK N A
03.42% AMLP ALPS ALERIAN MLP ETF
01.64% Cash & Money Market



His Contributory IRA at Schwab 03.30%
100% Cash & Money Market

His Contributory IRA at TD Ameritrade 0.70%
100% FDIC Insured Core Account

Contributions

Combined Current Accounts Value= Low 7 Figure
New Annual Contributions
10% pretax her 401k + 4% company match
4% Base pay with 3% company match her Executive Savings Plan
2% Her Employee Stock Purchase Plan
HSA Account-Currently funding to the maximum annual IRS limit with company match
$6500 his IRA/Roth IRA

Questions:

1.Given the accounts as indicated, is the Three Fund portfolio suggested by Taylor Larimore a reasonable consideration for us moving forward and into retirement? If so would it be logical to roll all of “her” prior tax deferred accounts at Fidelity and TIAA-CREF as well as the managed Rollover IRA at Schwab into “her Rollover IRA at Schwab and purchase the three fund asset classes with chosen percentages?
2.Would the same be logical for rolling “his” TD Ameritrade IRA into “his” Schwab IRA and purchasing the same three fund asset classes with chosen percentages?


Important Factors
1There is a readily accessible emergency fund
2. We fortunately do not carry credit card balances/debt
3. We will consider purchasing a home in the next 6 months and should not have to access retirement savings for closing costs
4. Current ages: She-58 He-59 2017 tax bracket- 28%
5. Expected retirement date 2025 unless good fortune and better money management allows a earlier date
Last edited by kamogawa on Thu Mar 15, 2018 3:33 pm, edited 5 times in total.
JBTX
Posts: 11227
Joined: Wed Jul 26, 2017 12:46 pm

Re: Needing To Simplify Retirement Accounts

Post by JBTX »

So what is your question? Do you need to simplify? Absolutely.

Why in the world to you have all of those individual stocks, especially in a retirement account? Either find a retirement target date fund, or life strategy allocation fund, or create a three fund portfolio.
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steve roy
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Re: Needing To Simplify Retirement Accounts

Post by steve roy »

A Three-Fund Portfolio seems like a good option.

I don't understand what all the stocks and mutual funds are buying you, except maybe confusion.
Topic Author
kamogawa
Posts: 19
Joined: Wed Feb 01, 2017 11:57 am
Location: Austin,Texas

Re: Needing To Simplify Retirement Accounts

Post by kamogawa »

As for "all the mutual funds", all were purchased as they are/were available options inside each retirement plan with the goal of diversification
The managed stock rollover IRA can be viewed as taking the advice of a Schwab retirement consultant for funds being moved from another actively managed stock account.It has,in fact, grown the original balance but we would prefer starting retirement with fewer and less complicated accounts to manage and make withdrawals from.

Thanks for the replies so far
JBTX
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Joined: Wed Jul 26, 2017 12:46 pm

Re: Needing To Simplify Retirement Accounts

Post by JBTX »

kamogawa wrote: Fri Mar 02, 2018 6:13 pm

Questions:

1.Given the accounts as indicated, is the Three Fund portfolio suggested by Taylor Larimore a reasonable consideration for us moving forward and into retirement? If so would it be logical to roll all of “her” prior tax deferred accounts at Fidelity and TIAA-CREF as well as the managed Rollover IRA at Schwab into “her Rollover IRA at Schwab and purchase the three fund asset classes with chosen percentages?
Three fund, yes that is fine. combined all IRAs? Maybe. If there is ever a possibility that you would want to roll a rollover IRA back into a new 401k, then it is best they are kept separate. Hopefully some more familiar with this will answer.

2.Would the same be logical for rolling “his” TD Ameritrade IRA into “his” Schwab IRA and purchasing the same three fund asset classes with chosen percentages?
Same answer as above
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dwickenh
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Location: Hills of Eastern Tennessee

Re: Needing To Simplify Retirement Accounts

Post by dwickenh »

kamogawa wrote: Fri Mar 02, 2018 8:06 pm As for "all the mutual funds", all were purchased as they are/were available options inside each retirement plan with the goal of diversification
The managed stock rollover IRA can be viewed as taking the advice of a Schwab retirement consultant for funds being moved from another actively managed stock account.It has,in fact, grown the original balance but we would prefer starting retirement with fewer and less complicated accounts to manage and make withdrawals from.

Thanks for the replies so far
You likely ended up with di-worse-ification instead of diversification. I would simplify all accounts to the 3 or 4 funds needed to get to your asset allocation.

Best wishes for success,

Dan
The market is the most efficient mechanism anywhere in the world for transferring wealth from impatient people to patient people.” | — Warren Buffett
TwstdSista
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Re: Needing To Simplify Retirement Accounts

Post by TwstdSista »

Agree with the posts above -- way too many funds per account. And maybe consolidate accounts where possible.

I highly suggest you create a plan first. Take time to see the entire portfolio as a single unit -- all percentages should be of the whole portfolio (not per account). Then you'll have a better idea of where you are at, and where you need to go.

But great job saving! Now simplify so you can enjoy your retirement!
aristotelian
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Re: Needing To Simplify Retirement Accounts

Post by aristotelian »

That is quite a portfolio. Fortunately the taxable portfolio is relatively simple, and all the others are easy to fix with no tax consequences.

The only difficulty will be the TIAA accounts. Note that most of the funds should roll over quite nicely. It is the TIAA Traditional Annuity within those account that will give you problems. Depending on your share class, you may be stuck with a 10 year withdrawal plan (not 5 years). Unfortunately, you have spread Traditional across both accounts, so it may be some time before you can fully liquidate them. You should call TIAA to confirm.

Then again, many people love TIAA Traditional and use it for a large portion of their fixed income. You could convert the whole account to TIAA Traditional and keep it. If you switch out of TIAA, you will lose access to this product, which is currently beating most investment grade bond yields and can beat most SPIA's on the market if you choose to annuitize in retirement.

As a first move, I would start by selling everything in the Schwab "managed rollover" account and old Fidelity 403b accounts and roll them into the Schwab Rollover IRA. As you consolidate, consider tax efficiency of the whole portfolio and keep it to one or two funds per account. (What matters is not the allocation within each account, but over the whole portfolio).

Then consider what to do with the TIAA accounts.

Then move on to the taxable and develop a plan to consolidate without taking too big of a tax hit on capital gains.
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retiredjg
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Re: Needing To Simplify Retirement Accounts

Post by retiredjg »

kamogawa wrote: Fri Mar 02, 2018 6:13 pm 1.Given the accounts as indicated, is the Three Fund portfolio suggested by Taylor Larimore a reasonable consideration for us moving forward and into retirement?
kamogawa, it is a bit of a mess, isn't it? :happy I'm not sure if you'll get all the way to the just Three Funder, but MUCH improvement can be made.

If so would it be logical to roll all of “her” prior tax deferred accounts at Fidelity and TIAA-CREF as well as the managed Rollover IRA at Schwab into “her Rollover IRA at Schwab and purchase the three fund asset classes with chosen percentages?
Maybe. It sure makes sense to consolidate all these to fewer accounts. Will Her Current 401k accept inbound rollovers from IRA and 403b accounts?

2.Would the same be logical for rolling “his” TD Ameritrade IRA into “his” Schwab IRA and purchasing the same three fund asset classes with chosen percentages?
Possibly. We'll see.

More information is needed.

1) Your current tax bracket. If you don't know it, tell us about your ball park income and we'll help you figure it out. Please use the edit button (little pencil) to add this to your original post, near the bottom where your age information is.


2) How big is each account? It appears there are about 10 accounts. How big (in a percentage) is each one relative to the whole thing? Please put that percentage in your original post - by the account name.


3) What is the Executive Savings Plan? Is there a number associated with it (like 401a, 457b, etc.)?

There will be more questions, but let's start with this and see if we can unwind all of this for you.
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retiredjg
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Re: Needing To Simplify Retirement Accounts

Post by retiredjg »

Thanks for the updates.

Her current 401k at Fidelity 14.67%
Will this 401k accept inbound rollovers from IRA and from 403b accounts?


Her Prior Annuity at TIAA-CREF (It is my understanding this account can be moved with equal annual withdrawals over a 5 year or longer period)
05.90% TIAA Traditional
50.84% CREF Growth R3
21.62% CREF Equity Index R3
08.89% CREF Global Equities R3
06.95% TIAA Real Estate
05.80% CREF Inflation Linked Bond R3
It looks like this account got left out of the account percentages. Sorry, but unless this account is very tiny (maybe 1% or 2%), you'll need to redo the numbers. :(


New Annual Contributions
10% pretax her 401k + 4% company match
4% Base pay with 3% company match her Executive Savings Plan
2% Her Employee Stock Purchase Plan
HSA Account-Currently funding to the maximum annual IRS limit with company match
Need the dollar amounts for this, to see how money will flow into the accounts once they are set up.



2016 effective tax rate- 22.3%
We need a tax bracket, not an effective rate. Do you need help with that?
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retiredjg
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Re: Needing To Simplify Retirement Accounts

Post by retiredjg »

Maybe I missed it. Have you decided on a stock to bond ratio for this portfolio?

Is any new money going into the taxable account?
retiringwhen
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Re: Needing To Simplify Retirement Accounts

Post by retiringwhen »

[edited..]

My high level suggestion is two fold.

1.) since you appear to be able to come very close to a Three-fund model in your wife's 401(k), I would look into seeing how it handles rollovers and then move her rollover IRA and 403(b) accounts into the 401(K) and at the same time get it down to a synthetic three-fund portofolio there.

That will make the list and complexity a lot less daunting. Just selling the Schwab stuff and turning into just 3-4 funds would be a big win. I did this last year for just one rollover IRA and it really did simplify my portfolio alot.

2.) You will have a challenge on the taxable joint account and you'll need to look at how to gradually do that from a tax perspective. would need more detail to really advice in that area, but turning off dividend reivestment and looking at how to choose for target funds would be the first step.

As mentioned earlier, you should also make a firm statement on your target asset allocation as well to help start framing this simplification effort.
retiringwhen
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Re: Needing To Simplify Retirement Accounts

Post by retiringwhen »

retiringwhen wrote: Wed Mar 07, 2018 12:01 pm [edited..]

My high level suggestion is two fold.

1.) since you appear to be able to come very close to a Three-fund model in your wife's 401(k), I would look into seeing how it handles rollovers and then move her rollover IRA and 403(b) accounts into the 401(K) and at the same time get it down to a synthetic three-fund portofolio there.

That will make the list and complexity a lot less daunting. Just selling the Schwab stuff and turning into just 3-4 funds would be a big win. I did this last year for just one rollover IRA and it really did simplify my portfolio alot.

2.) You will have a challenge on the taxable joint account and you'll need to look at how to gradually do that from a tax perspective. would need more detail to really advice in that area, but turning off dividend reivestment and looking at how to choose for target funds would be the first step.

As mentioned earlier, you should also make a firm statement on your target asset allocation as well to help start framing this simplification effort.
also move her Executive Savings Plan international stock funds to VTIAX for simplicity and better diversification.

Since funds are fungible. I would consider tilting the ESP to as much of your international funds as possible and then use the two vanguard funds in the 401(k) to make up her US Stock component there. you don't have to replicate funds across accounts, but you may want to do that across people, depends upon your money management and estate planning model.
azurekep
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Re: Needing To Simplify Retirement Accounts

Post by azurekep »

kamogawa wrote: Fri Mar 02, 2018 8:06 pm As for "all the mutual funds", all were purchased as they are/were available options inside each retirement plan with the goal of diversification
There's a common investment saying that the more funds one has in their portfolio, the more the portfolio acts like an index fund. :) IOW, you might as well just get the index fund and save yourself the trouble.

Translation: IF there is any advantage to any of the cherry-picked funds, that advantage is lost when the fund(s) is merged with a large number of other funds. You're basically diversifying the heck out of your portfolio to the point where any perceived advantage of a particular fund is likely to be lost amongst the other funds. Plus, any DISadvantages of a particular fund are likely to be lost as well. End result: hyper-diversification just like an index fund. So might as well just buy the index fund and save yourself the headache.
Topic Author
kamogawa
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Joined: Wed Feb 01, 2017 11:57 am
Location: Austin,Texas

Re: Needing To Simplify Retirement Accounts

Post by kamogawa »

retiredjg wrote: Wed Mar 07, 2018 10:39 am Thanks for the updates.

Her current 401k at Fidelity 14.67%
Will this 401k accept inbound rollovers from IRA and from 403b accounts?


Her Prior Annuity at TIAA-CREF 04.91% (It is my understanding this account can be moved with equal annual withdrawals over a 5 year or longer period)
05.90% TIAA Traditional
50.84% CREF Growth R3
21.62% CREF Equity Index R3
08.89% CREF Global Equities R3
06.95% TIAA Real Estate
05.80% CREF Inflation Linked Bond R3
It looks like this account got left out of the account percentages. Sorry, but unless this account is very tiny (maybe 1% or 2%), you'll need to redo the numbers. :(


New Annual Contributions
10% pretax her 401k + 4% company match
4% Base pay with 3% company match her Executive Savings Plan
2% Her Employee Stock Purchase Plan
HSA Account-Currently funding to the maximum annual IRS limit with company match
Need the dollar amounts for this, to see how money will flow into the accounts once they are set up.



2016 effective tax rate- 22.3%
2016 tax bracket 28%
We need a tax bracket, not an effective rate. Do you need help with that?
Last edited by kamogawa on Wed Mar 14, 2018 2:11 pm, edited 1 time in total.
Topic Author
kamogawa
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Joined: Wed Feb 01, 2017 11:57 am
Location: Austin,Texas

Re: Needing To Simplify Retirement Accounts

Post by kamogawa »

retiredjg wrote: Wed Mar 07, 2018 11:45 am Maybe I missed it. Have you decided on a stock to bond ratio for this portfolio? 50% stock/50% bond

Is any new money going into the taxable account? Not at this time but possible once a final determination is made regarding buying a house
Last edited by kamogawa on Thu Mar 15, 2018 8:07 am, edited 1 time in total.
Topic Author
kamogawa
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Joined: Wed Feb 01, 2017 11:57 am
Location: Austin,Texas

Re: Needing To Simplify Retirement Accounts

Post by kamogawa »

kamogawa wrote: Wed Mar 14, 2018 1:35 pm
retiredjg wrote: Wed Mar 07, 2018 11:45 am Maybe I missed it. Have you decided on a stock to bond ratio for this portfolio? 50% stock/50% bond

Is any new money going into the taxable account? not at this time but possible once a final determination is made regarding buying a house
Topic Author
kamogawa
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Location: Austin,Texas

Re: Needing To Simplify Retirement Accounts

Post by kamogawa »

retiredjg wrote: Wed Mar 07, 2018 10:39 am Thanks for the updates.

Her current 401k at Fidelity 14.67%
Will this 401k accept inbound rollovers from IRA and from 403b accounts? I haven't checked but given Fidelity's fees compared to Schwab's and the fact that "she' will or at least hopes to retire, the thought is it makes more sense to consolidate all prior workplace accounts into the established Schwab rollover IRA and construct a Three Fund portfolio comprised of 50% stocks and 50% bonds


Her Prior Annuity at TIAA-CREF 04.91% (It is my understanding this account can be moved with equal annual withdrawals over a 5 year or longer period)
05.90% TIAA Traditional
50.84% CREF Growth R3
21.62% CREF Equity Index R3
08.89% CREF Global Equities R3
06.95% TIAA Real Estate
05.80% CREF Inflation Linked Bond R3
It looks like this account got left out of the account percentages. Sorry, but unless this account is very tiny (maybe 1% or 2%), you'll need to redo the numbers. :(


New Annual Contributions
10% pretax her 401k + 4% company match
4% Base pay with 3% company match her Executive Savings Plan
2% Her Employee Stock Purchase Plan
HSA Account-Currently funding to the maximum annual IRS limit with company match
Need the dollar amounts for this, to see how money will flow into the accounts once they are set up.



2016 effective tax rate- 22.3%
We need a tax bracket, not an effective rate. Do you need help with that?
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retiredjg
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Re: Needing To Simplify Retirement Accounts

Post by retiredjg »

Thank you for the updates. This is a very rough draft because your portfolio adds up to 105% instead of 100%, but I'll go ahead and work with it.

Note that the percentages are percentage of portfolio, not percentage of account as you originally had them. Here is an idea for you to consider.

Joint Brokerage Account at Schwab 28.34 %
2.8% Cash & Money Market<---sell and buy international
2.8% IWN ISHARES RUSSELL 2000...
3.2% PWV POWERSHARES DYNAMIC <---sell and buy international
2.8% VBK VANGUARD SMALL CAP.
2.5% VSS VGRD FTSE ALL WRLD EX US
1.4% CSRSX COHEN & STEERS REALTY<---sell and buy international
2% VEIEX VANGUARD EMRG MKTS STK
3.6% VIGRX VANGUARD GROWTH INDEX FD<---sell and buy international
6.8% VBIIX VANGUARD INTER TERM BOND<---sell and buy international


Her Current Brokerage Account at Fidelity 07.47%
7.2% UNH UNITEDHEALTH GROUP
.27% Cash FCASH


Her current 401k at Fidelity 14.67%
7% VANG INST INDEX PLUS (VIIIX)
7.67% SS US BOND INDEX C




Her Current Executive Savings Plan at Fidelity 08.05%
8.05% VANG SM CP IDX IS PL (VSCPX)



Her Current Employee Stock Purchase Plan at Fidelity 0.08%
0.08% company stock


Her Prior 403b at Fidelity 13.83%<---roll into Rollover IRA at Schwab


Her prior 403b at Tiaa-Cref 10.14%<---roll into Rollover IRA at Schwab


Her Managed Rollover IRA at Schwab 09.36% <---roll into Rollover IRA at Schwab


Her Rollover IRA at Schwab 04.07% + 13.83% + 10.14% + 9.36% = 37.4%
4.4% Schwab 500 Index
33% Schwab US Bond Index


Her Prior Annuity at TIAA-CREF 04.91 <---roll into Rollover IRA at Schwab at allowable rate or leave as is
4.91% TIAA Traditional


His Contributory IRA at Schwab 03.30% + 0.7% = 4%
4% Bonds


His Contributory IRA at TD Ameritrade 0.70%<---roll into His Contributory IRA at Schwab


This portfolio would be about 36% US stocks, about 18% foreign stocks, and 50% bonds (note this adds up to more than 100%). It would eliminate 4 accounts and dozens of individual holdings, simplify things considerably, and eliminate the management fee at Schwab.

The thing I don't like is that there could be some capital gains to pay in that taxable account to achieve it. Some of those things you NEED to sell anyway because they are not tax-efficient (Powershares, the Realty funds, and the bonds) which means they are raising your taxes each year.

Take a look at this and let me know what tweaking you would be interested in.

About the note to "buy international", unless you have free trades, you should not be buying Vanguard funds at Schwab. The whole point of vanguard funds is low costs and paying for trades defeats that. I'm not sure just what is the best international fund at Schwab at this point. Have you already taken a look at that?

Contributions

Combined Current Accounts Value= Low 7 Figure
New Annual Contributions
10% pretax her 401k + 4% company match
4% Base pay with 3% company match her Executive Savings Plan
2% Her Employee Stock Purchase Plan
HSA Account-Currently funding to the maximum annual IRS limit with company match
$6500 his IRA/Roth IRA
I cannot do anything with this information without knowing the dollar amounts.
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