Search found 1642 matches

by archbish99
Thu Apr 19, 2012 3:14 pm
Forum: Personal Investments
Topic: Soooo new and sooo lost...
Replies: 76
Views: 8779

Re: Soooo new and sooo lost...

If no one minds me asking... What ratios into what funds are people using? I read the 3-fold portfolio but it seems that the group is pretty split about further diversification. More mutual funds don't provide any further diversification -- it provides intentional overlap to skew from the market we...
by archbish99
Wed Apr 18, 2012 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: How to sell good friend on the Boglehead way?
Replies: 55
Views: 4236

Re: How to sell good friend on the Boglehead way?

I consider myself to be fairly astute socially, and even if I wasn't my friend and I go so far back that we can say almost anything to each other without it being a problem; we would just tell the other one to "shut up" and we would move on, etc. Thanks! If you're close enough to look at ...
by archbish99
Wed Apr 18, 2012 7:17 pm
Forum: Personal Investments
Topic: What is "Hypothetical" about the Growth Chart?"
Replies: 5
Views: 794

Re: What is "Hypothetical" about the Growth Chart?"

When I go to the Vanguard web site and research a fund like VTSAX for instance, there is a chart there labeled "Hypothetical Growth of $10,000.00) as of 3/21/2012. The chart starts in 2002. What is "hypothetical" about this? This is well documented past data, right? They can compute ...
by archbish99
Sun Apr 15, 2012 8:23 am
Forum: Personal Investments
Topic: Bizarre adviser-only investments
Replies: 6
Views: 1957

Re: Bizarre adviser-only investments

Ick. I hope I can help Dad understand how ugly this is. The problem is, they're paired with some leveraged ETFs (double-NASDAQ, double-Midcap) which have gone up about 20%, so that hides the fact that these things take a big loss when they're bought and work their way back up to zero. Thankfully, on...
by archbish99
Sun Apr 15, 2012 1:28 am
Forum: Personal Investments
Topic: Bizarre adviser-only investments
Replies: 6
Views: 1957

Bizarre adviser-only investments

I'm trying to figure out one of Dad's (advisor-managed) portfolios. I was initially unable to figure out how the advisor was being compensated, since unlike his other managed account, there's not a quarterly 0.25% fee deducted from his available cash. I think I've got that figured out -- found that ...
by archbish99
Wed Apr 11, 2012 11:37 pm
Forum: Personal Finance (Not Investing)
Topic: The Economics of Adoption
Replies: 30
Views: 3354

Re: The Economics of Adoption

I believe the biggest variances on international adoption costs hinge on required number/duration of stay(s) and cost of living in the country. Countries that require two trips will obviously require four (expensive) round-trip plane tickets and two (super-expensive) one-way plane tickets. Other cou...
by archbish99
Wed Apr 11, 2012 1:03 am
Forum: Personal Investments
Topic: Changed Jobs - Where to put old job's 401k?
Replies: 16
Views: 2585

Re: Changed Jobs - Where to put old job's 401k?

You're asking about borrowing, though, which is different from how best to invest. If your old plan doesn't allow 401k loans, you could roll it to your current employer's 401k plan, if they do. Your plan rules will govern whether there's a holding period; that's not an IRS issue. However, the bigger...
by archbish99
Wed Apr 11, 2012 12:53 am
Forum: Personal Finance (Not Investing)
Topic: The Economics of Adoption
Replies: 30
Views: 3354

Re: The Economics of Adoption

We adopted our daughter domestically a couple of years ago. It was an open adoption and we met the birth mother before our daughter was born and were actually in the hospital when our daughter was born, so we are looking after her since day 1. Worked with a wonderful agency. Couldn't even tell you ...
by archbish99
Mon Apr 09, 2012 7:43 pm
Forum: Personal Investments
Topic: Taking over IRA
Replies: 5
Views: 462

Re: Taking over IRA

I was inclined toward the mutual funds for ease of rebalancing and the ability to not leave cash sitting around -- there's no new money coming into these accounts, so rebalancing with new money isn't an option. On the other hand, unless things get wildly off, rebalancing with RMD withdrawals may be ...
by archbish99
Mon Apr 09, 2012 6:48 pm
Forum: Personal Investments
Topic: Taking over IRA
Replies: 5
Views: 462

Re: Taking over IRA

Under the assumption that the fee for transfer of assets is per-account, it looks like transferring and selling at Vanguard has a slight advantage for the managed IRA, but maybe not enough to compensate for the hassle. It's about 33% in Vanguard ETFs by allocation, and those would be commission-free...
by archbish99
Mon Apr 09, 2012 6:37 pm
Forum: Personal Investments
Topic: Taking over IRA
Replies: 5
Views: 462

Taking over IRA

My dad is an active trader, as I've mentioned before. He's having some health issues which have caused him to be in the hospital on and off lately, and have also resulted in a medical recommendation that he not deal with money. As a result, he's asked me to look at taking over his IRA and taxable ac...
by archbish99
Tue Feb 21, 2012 12:29 am
Forum: Personal Investments
Topic: taxable investing tax efficiency question
Replies: 22
Views: 2463

Re: taxable investing tax efficiency question

Wow, that's a lot of funds. Not bad funds, just way too many to keep track of. You're mixing Lifecycle and single-asset funds, which never makes things easy to track. Quick suggestion: Put most of your taxable account in Total International, up to the amount you want to hold. Rest of taxable in Tota...
by archbish99
Sun Feb 19, 2012 9:04 pm
Forum: Personal Investments
Topic: Choosing Funds in my 401k - replicate Vanguard 2035 Target?
Replies: 23
Views: 2141

Re: Choosing Funds in my 401k - replicate Vanguard 2035 Targ

The I Fund is large cap, developed markets. The International Index in his 401k is large and mid cap, developed and emerging markets. Vanguard's Total International is large, mid, and small caps, developed and emerging markets. Then per http://www.bogleheads.org/forum/viewtopic.php?t=70922, this mi...
by archbish99
Sun Feb 19, 2012 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: How do you value a pension?
Replies: 24
Views: 3402

Re: How do you value a pension?

A 401K is easy to value, as there is an absolute value for it, but when someone ask what is the value of your net assets, how do you place a value on a pension? There has to be a way, my best guess is the yearly income from it at retirement, divided by 0.04, does that make sense? Get a quote for a ...
by archbish99
Sun Feb 19, 2012 6:15 pm
Forum: Personal Investments
Topic: Choosing Funds in my 401k - replicate Vanguard 2035 Target?
Replies: 23
Views: 2141

Re: Choosing Funds in my 401k - replicate Vanguard 2035 Targ

To be more specific, I think this is the lower ER combination: TSP (16.66%): 16.66% I fund (0.025% ER) Her Roth (13.33%): 8.33% Total Bond Market Admiral (0.11% ER) 5% Total International Admiral (0.26% ER) His Roth (10%): 5.66% Total Stock Market Admiral (0.07% ER) 4.33% Total International Admiral...
by archbish99
Sun Feb 19, 2012 2:55 pm
Forum: Personal Investments
Topic: Choosing Funds in my 401k - replicate Vanguard 2035 Target?
Replies: 23
Views: 2141

Re: Choosing Funds in my 401k - replicate Vanguard 2035 Targ

When I have some time, I'll figure out all my allocations among all my accounts and then make sure the overall combination is right. As you suggested, I should start with my 401K and put all of that in the lowest-fee fund which is the Total Stock Market Index. Then I need to move money around in th...
by archbish99
Thu Feb 16, 2012 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance blues
Replies: 18
Views: 2098

Re: Refinance blues

I think I'm going to take the relatively simple expedient of including a little extra principle each month. Having been turned down by 2 lenders, I see that this is probably not worth pursuing. After all I have a loan already and it's not all that bad. I still think things are a bit ridiculous, and...
by archbish99
Thu Feb 16, 2012 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: 529: Family influence or personal choice?
Replies: 8
Views: 763

Re: 529: Family influence or personal choice?

You should have just told him that you had already opened a 529 in your state or with Vanguard. So, what, turn down free money to make some kind of point? I think the intent was "I already have an account and don't want to manage two" is an easier sell than "Your company's investment...
by archbish99
Wed Feb 15, 2012 8:21 pm
Forum: Personal Investments
Topic: 401k portfolio makeover?
Replies: 12
Views: 1059

Re: 401k portfolio makeover?

I agree with the previous post's proposed portfolio. But on a related note, do you have the option not to invest the match in company stock? It's generally a bad idea to invest in your employer, since you don't want hard times for your company to hurt your income and your savings simultaneously. If ...
by archbish99
Wed Feb 15, 2012 8:17 pm
Forum: Personal Investments
Topic: HSA and funding timing
Replies: 11
Views: 1020

Re: HSA and funding timing

The biggest item or concern is whether or not the money has to be in the HSA at time of service, regardless if you pay usnig credit card or personal check not from HSA. No, there's no such requirement. You can receive tax-free distributions from your HSA to pay or be reimbursed for qualified medica...
by archbish99
Wed Feb 15, 2012 1:15 pm
Forum: Personal Investments
Topic: Planning Help - 69 yr old Mother's 547b
Replies: 3
Views: 571

Re: Planning Help - 69 yr old Mother's 547b

She gifts her RMD's (up to the allowable tax free limit of gifts) to my brother and I which we set up in a joint Roth IRA-I don't yet know if she would like that plan but it's an option. Bro and I could agree that it is actually still hers as long as she lives and give what she wants upon request. ...
by archbish99
Wed Feb 15, 2012 1:11 pm
Forum: Personal Investments
Topic: Deleted
Replies: 20
Views: 6299

Re: 529 vs taxable investing

I did just speak with Utah's plan (UESP) and they confirmed there is no age at which money must be withdrawn from the plan - does this mean, in theory, I can put the maximum in each plan (subject to plan limits and IRS gift taxes), then let it sit unusued until I die - at which time it's a tax-free...
by archbish99
Tue Feb 14, 2012 1:43 pm
Forum: Personal Investments
Topic: mid 20s, made a lot of $$$ (vygr select), 1st time investor
Replies: 19
Views: 2207

Re: mid 20s, made a lot of $$$ (vygr select), 1st time inves

2. You should dump VCAIX, replace it with the VEU currently in your roth, and increase the BND in your roth to 20%. Is your reasoning here that I should maximize the growth in my non-retirement portion? I was trying to hold bonds in my non-retirement to reduce the risk exposure of my non-retirement...
by archbish99
Mon Feb 13, 2012 8:33 pm
Forum: Personal Investments
Topic: Roth Conversion & Taxes Decision
Replies: 37
Views: 2500

Re: Roth Conversion & Taxes Decision

I am early retired. I should be able to convert about 8% of my IRA per year to a ROTH under current tax law for the next eleven years at the 15% rate. I could do 2.5% conversions at a 0% tax rate. Once I begin taking RMDs and SS (assuming both to begin at age 70.5) I will be in the 25% bracket unde...
by archbish99
Mon Feb 13, 2012 10:35 am
Forum: Personal Finance (Not Investing)
Topic: How to deposit cash into USAA checking account
Replies: 12
Views: 29262

Re: How to deposit cash into USAA checking account

Title: How to deposit cash into USAA checking account If I have a check over say $5,000.... FedEx is still the fastest method. Since I have checks like this so infrequently (every couple of years) I don't have an issue with the minor expense. If I did it more frequently, I'd do it through a local i...
by archbish99
Mon Feb 13, 2012 10:33 am
Forum: Personal Finance (Not Investing)
Topic: How to deposit cash into USAA checking account
Replies: 12
Views: 29262

Re: How to deposit cash into USAA checking account

I agree that dealing with cash is the biggest hassle of banking with USAA. We just use the cash for something locally in my budget and don't worry about getting it in my checking account first. Most commonly, use the cash to buy a gift card at our grocery store and have no grocery expenses for the n...
by archbish99
Sun Feb 12, 2012 11:22 am
Forum: Investing - Theory, News & General
Topic: Poll: Cost of cheapest option in your 401K/403B/457/etc.?
Replies: 27
Views: 2105

Re: Poll: Cost of cheapest option in your 401K/403B/457/etc.

VIIIX (S&P 500) at 0.02%, followed by VBIPX (Short-term bond) at 0.05%, then VIVIX, VIGIX, and VSGIX (Value, Growth, & Small Growth) at 0.08% each.

Then come the rest, which aren't Vanguard funds. Funny how that works....
by archbish99
Sun Feb 12, 2012 12:50 am
Forum: Personal Finance (Not Investing)
Topic: Giving SS number to healthcare providers
Replies: 55
Views: 4944

Re: Giving SS number to healthcare providers

I'm in the "don't give it out" camp. I don't leave it blank, I put a line through the space, so it's clear that I didn't "forget." At the point where they're extending me credit, I will give them the number so they can do the credit check. The most egregious I've seen was a form ...
by archbish99
Fri Feb 10, 2012 7:47 pm
Forum: Personal Investments
Topic: Bonus into 401K pre-Tax and avoid withholdings?
Replies: 30
Views: 20657

Re: Bonus into 401K pre-Tax and avoid withholdings?

To answer a few of the questions. This bonus is not related to any profit sharing. We do receive a match which is 10% of our salary if we put in 5%, I am currently putting in much more but am not on pace to reach $17k. The 15% is based on the amount that each employee contributes and they did true ...
by archbish99
Thu Feb 09, 2012 7:27 pm
Forum: Personal Finance (Not Investing)
Topic: Does playing the Lottery ever have a positive Expected Value
Replies: 27
Views: 3762

Re: Does playing the Lottery ever have a positive Expected V

Powerball this Saturday up to $310 million jackpot ($177 million cash value) vs 1 in 175 million odds of winning. Now, if only there were no taxes and no splitting of jackpot with other winners, this Saturday's lotto would have a positive expected value ? :D Not for a $2 ticket. If tickets were onl...
by archbish99
Thu Feb 09, 2012 10:51 am
Forum: Personal Investments
Topic: Bonus into 401K pre-Tax and avoid withholdings?
Replies: 30
Views: 20657

Re: Bonus into 401K pre-Tax and avoid withholdings?

My employer only lets us set one percentage, and it applies to everything. So if I set 100% when the bonus is coming, the 401k gets that pay check, too. Though I could calculate what percentage of my bonus+paycheck would be a normal paycheck and set that, I suppose. (Well, max of 50% each to Roth an...
by archbish99
Wed Feb 08, 2012 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Use or save HSA?
Replies: 32
Views: 4383

Re: Use or save HSA?

Spouse has a HSA/HDHP some years in which we max out contributions. I have an FSA and contribute a minimal amount (that we know we will be able to use). Usually we end up contributing too little to the FSA, but that's ok because we then start to use the HSA money after FSA is fully depleted. We hav...
by archbish99
Tue Feb 07, 2012 5:39 pm
Forum: Personal Investments
Topic: Need help and advice organizing Roth and 401k
Replies: 24
Views: 1544

Re: Need help and advice organizing Roth and 401k

Tax Filing Status: Single Tax Rate: 25% Federal, 6% state ... Current retirement portfolio is at 85K. About a third of it is in Roth IRA at Vanguard, the rest is 401k and, as of past year, Roth 401k at work. Curious what your motivation is for the Roth 401k. Roth IRA is better than a non-deductible...
by archbish99
Tue Feb 07, 2012 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: Basic Tax Education
Replies: 29
Views: 2703

Re: Basic Tax Education

Another thing you can do is go ahead and pay for tax software for your computer. Answer the questions, look at how the software fills out the forms, and then go back to the instructions to see if you can understand what the software was doing. Fill out a set of forms yourself, seeing if you match t...
by archbish99
Tue Feb 07, 2012 7:27 am
Forum: Personal Finance (Not Investing)
Topic: Use or save HSA?
Replies: 32
Views: 4383

Re: Use or save HSA?

Just a note - mixing FSA and HSA is not allowed. If you have a high-deductible medical insurance plan along with an HSA then you are not eligible for an FSA for that year (period). Actually, you can get a limited FSA to cover dental and (maybe) vision expenses, not covered by your high deductible m...
by archbish99
Tue Feb 07, 2012 12:33 am
Forum: Personal Finance (Not Investing)
Topic: Can a US citizen be a resident of NO state?
Replies: 61
Views: 23600

Re: Can a US citizen be a resident of NO state?

Question: So here is the question. For state taxes, I know I will end up paying them for non-excluded income (~six months) in NJ for 2012, but do you think I will have to revise or update old state taxes, even thought I shouldn't owe any? Well, the first question is whether you were required to fil...
by archbish99
Tue Feb 07, 2012 12:04 am
Forum: Personal Investments
Topic: Exchange ETF for Vanguard Signal Shares at WellsTrade?
Replies: 20
Views: 1588

Re: Exchange ETF for Vanguard Signal Shares at WellsTrade?

If you're going the all mutual fund route, why don't you just use Vanguard? Then you don't have to worry about what signal shares WF offers and whether the ability to purchase them might be revoked in the future. I don't think anyone argues that WF is better than VG for an all-Vanguard-mutual-fund ...
by archbish99
Mon Feb 06, 2012 11:45 pm
Forum: Personal Investments
Topic: Is it really this simple?
Replies: 34
Views: 4368

Re: Is it really this simple?

1) Come up with some percent for stock vs. bonds -- I wound up picking 80% stock, 20% bonds (though sometimes I do feel it should be 100% stock) 2) Of the stock, 70% goes into US, 30% into International So, for me, that comes out to: 56% Total US (VTSAX) 24% Total International (VTIAX) 20% Total Bo...
by archbish99
Mon Feb 06, 2012 11:39 pm
Forum: Personal Finance (Not Investing)
Topic: Use or save HSA?
Replies: 32
Views: 4383

Re: Use or save HSA?

Maybe I am missing something, but isn't there also the issue of whether you deducted those medical expenses (or a portion of them) on your taxes? If you then take money out of the HSA years later for those same expenses, don't you have to redo your taxes for each year affected? For the (hopefully r...
by archbish99
Mon Feb 06, 2012 3:47 pm
Forum: Investing - Theory, News & General
Topic: Isn't saving 15% enough for retirement?
Replies: 65
Views: 9305

Re: Isn't saving 15% enough for retirement?

Here is a more realistic (IMO) look at the person in the first example. Those people also save for college (assume 5% annually). By the time they are 55, their kids are out of college and they put that extra money towards retirement. They also pay off their mortgage before they retire, so that leav...
by archbish99
Mon Feb 06, 2012 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: Use or save HSA?
Replies: 32
Views: 4383

Re: Use or save HSA?

I asked this a while back and did some pondering on the answers. Basically, it comes down to two cases: If you already max out all available tax-advantaged òptions (401k, Roth IRA, SE accounts if you qualify, etc.) then paying expenses out of pocket is equivalent to extra tax-preferred contributions...
by archbish99
Mon Feb 06, 2012 3:15 pm
Forum: Investing - Theory, News & General
Topic: Can't contribute to a Roth ~ Where/What to invest?
Replies: 3
Views: 497

Re: Can't contribute to a Roth ~ Where/What to invest?

I am working on my 2011 taxes and TurboTax is telling me to withdraw my 2011 Roth IRA contributions. I finally hit the max MAGI. FYI: I do max out my 401K. This is new territory for me. So where do I put my extra 5K a year? I-Bonds? Total Stock Market in a taxable account? I don't have a fully-fund...
by archbish99
Mon Feb 06, 2012 10:07 am
Forum: Personal Finance (Not Investing)
Topic: Able to deduct 401K loan interest?
Replies: 15
Views: 10134

Re: Able to deduct 401K loan interest?

This is one of the reasons that the interest payments on the loan (but not the principal) are double taxed. If you could deduct the interest you are repaying to the plan, it would eliminate double taxation of that interest, ie. you are repaying from after tax salary yet the interest being repayed d...
by archbish99
Sun Feb 05, 2012 9:44 pm
Forum: Personal Investments
Topic: Please Review Our Jumbled Mess of a Portfolio
Replies: 33
Views: 2829

Re: Please Review Our Jumbled Mess of a Portfolio

The truth is I'm undecided about more than just the one thing I indicated. We'll see what the list looks like once you actually know the tax cost of the clean up. A little tax cost is OK, but there is no reason (other than just pretty paperwork) to sell stuff that is properly positioned in taxable ...
by archbish99
Sun Feb 05, 2012 1:47 pm
Forum: Personal Investments
Topic: After Tax Contributuion Election?
Replies: 15
Views: 1162

Re: After Tax Contributuion Election?

Thank you everybody. This is a little more complex than I anticpipated. I now take it that "after tax contributions" to my wife's employer's retirement plan would grow tax free. I did not realize that and thought they (the gains/dividends) would be taxed, just like our taxable account at ...
by archbish99
Sun Feb 05, 2012 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: Able to deduct 401K loan interest?
Replies: 15
Views: 10134

Re: Able to deduct 401K loan interest?

Nope -- sorry. Don't have a reference, but I'm pretty sure it's not permitted.
by archbish99
Wed Feb 01, 2012 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: Home is a Consumption Item, Not an Investment
Replies: 111
Views: 13216

Re: Home is a Consumption Item, Not an Investment

Any home has maintenance costs. These costs cannot be paid for directly by the "return" you get on it, which is the ability to live in it. You have to find other income to pay for them. Without maintenance, the property will depreciate. And it will be foreclosed on if you don't pay your p...
by archbish99
Mon Jan 30, 2012 3:54 pm
Forum: Investing - Theory, News & General
Topic: Withdrawing from an IRA and moving to a Taxable Account.....
Replies: 6
Views: 825

Re: Withdrawing from an IRA and moving to a Taxable Account.

Yes, you can convert up to the amount of your exemptions and deductions and pay zero taxes. This would be a very smart move. What might be even smarter is to convert a little more -- keeping your marginal rate in the 10% or 15% brackets and locking in a low tax bracket for that money. Depends what b...
by archbish99
Mon Jan 30, 2012 11:39 am
Forum: Personal Investments
Topic: 401K questions (Roth vs. Traditional)
Replies: 7
Views: 860

Re: 401K questions (Roth vs. Traditional)

Unfortunately, the answers are "no" and "probably not," respectively. 401ks don't allow recharacterizations, and you're right that you almost certainly want Traditional instead of Roth (with the possible exception of in the 15% tax bracket). Everyone pays a little of what Dave Ra...
by archbish99
Sat Jan 28, 2012 11:46 pm
Forum: Personal Finance (Not Investing)
Topic: Ethics Question: Unemployment
Replies: 49
Views: 7830

Re: Ethics Question: Unemployment

Don't confuse unemployment and severance. Unemployment insurance is to compensate those looking for work who are unable to find it. If your father is continuing to look for a job and plans to make up his lost year of income to supplement their savings, he should continue collecting unemployment unti...