Poor Publix employee seeking 401k investment advice

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typical.investor
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Re: Poor Publix employee seeking 401k investment advice

Post by typical.investor »

ralphboy wrote: Thu May 07, 2020 10:15 pm
In general the account funding priority often is:
(1) contribute enough to the employer's 401k plan to get the full employer each every year;
(2) invest in an IRA up to the annual maximum of $6k per year;
(3) if you can invest more then contribute more to the employer's 401k plan.
Assuming that I can now only invest $100 a month and can't accomplish (2) and (3). Should I do 3% ($17 a week) in Voya to get the Publix match and $6 a week in the IRA?
Yes, in the future that would be fine.

Now you can do (2) by using money in your Raymond James Taxable account to make the contribution. You have more than $6k in taxable income, so you are eligible to make that contribution. IRA contributions are not like a 401(k). They do not need to come out of your paycheck.

So in your case:

(1) Contribute to the 401(k) as much as you can $100/month
(2) Contribute $6k to the IRA or ROTH from your taxable account

When the taxable account is gone or your contribution will be below $6k then do as you stated above:

(1) contribute enough to the employer's 401k plan to get the full employer each every year 3% ($17 a week)
(2) contribute $6/week in the IRA

If $23/per week into the 401(k) is easier than continuing to make IRA contributions, that is fine too. The IRA has slightly lower expenses, so that's why it's preferred after you aren't getting any more match. The 401(k) has better bankruptcy protection.
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ralphboy
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Re: Poor Publix employee seeking 401k investment advice

Post by ralphboy »

What should I sell in my RJ account to get the $12,000 needed for the IRA?
I am invested in:

Description-------------------------------------------------------Quantity--------Current Value-----------Investment Gain/Loss
Client Interest Program------------------------------------------------------------$3,305.62
FIRST TRUST DORSEY WRIGHT FOCUS 5 ETF (FV)-----------177--------------$5,309.17------------------$806.32
GLOBAL X SOCIAL MEDIA INDEX ETF (SOCL)------------------200--------------$7,008.00------------------$2,899.10
INVESCO BUYBACK ACHIEVERS ETF (PKW)--------------------100-------------$5,283.00-------------------$695.12
INVESCO NASDAQ INTERNET ETF (PNQI)----------------------100-------------$15,175.00------------------$8,189.11
NUVEEN HIGH YIELD MUNICIPAL BOND FUND CLASS I N/L--187.950--------$2,977.13-------------------($259.38)
(NHMRX)
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typical.investor
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Re: Poor Publix employee seeking 401k investment advice

Post by typical.investor »

ralphboy wrote: Fri May 08, 2020 6:03 am What should I sell in my RJ account to get the $12,000 needed for the IRA?
I am invested in:

Description-------------------------------------------------------Quantity--------Current Value-----------Investment Gain/Loss
Client Interest Program------------------------------------------------------------$3,305.62
FIRST TRUST DORSEY WRIGHT FOCUS 5 ETF (FV)-----------177--------------$5,309.17------------------$806.32
GLOBAL X SOCIAL MEDIA INDEX ETF (SOCL)------------------200--------------$7,008.00------------------$2,899.10
INVESCO BUYBACK ACHIEVERS ETF (PKW)--------------------100-------------$5,283.00-------------------$695.12
INVESCO NASDAQ INTERNET ETF (PNQI)----------------------100-------------$15,175.00------------------$8,189.11
NUVEEN HIGH YIELD MUNICIPAL BOND FUND CLASS I N/L--187.950--------$2,977.13-------------------($259.38)
(NHMRX)
First, some tax questions to help know how much capital gains we can realize in 2020.

I am just going to estimate your income as being similar to 2019.

Q1 What was your 2019 AGI? It's on your 1040 return – look on line 8b.

Q2 Are you going to use an IRA and deduct $6k from your 2019 and 2020 income OR use a ROTH and face no future taxes?

If your income was $30k and you have a $12,200 standard deduction, that means your taxable income is only $17,800. That would actually put you in the 50% savers credit bracket, so your savers credit would be $1,000.
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typical.investor
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Re: Poor Publix employee seeking 401k investment advice

Post by typical.investor »

ralphboy wrote: Fri May 08, 2020 6:03 am What should I sell in my RJ account to get the $12,000 needed for the IRA?
I would transfer in-kind to Schwab or Fidelity and sell there.
You will need to learn how to trade ETFs because that's what you have.
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Re: Poor Publix employee seeking 401k investment advice

Post by ruralavalon »

For now make all of your new contributions to your employer's 401k plan, as long as you will be using the brokerage account to fully fund the IRA with $6k per year.

Transfer the investments at Raymond James in kind to a brokerage account at Fidelity. Then decide which to sell.

Please list the unrealized capital gain or loss for each investment in the Raymond James account. We can then help you. You might decide to sell everything, or wait to sell some things.
"Everything should be as simple as it is, but not simpler." - Albert Einstein | Wiki article link: Bogleheads® investment philosophy
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Re: Poor Publix employee seeking 401k investment advice

Post by ralphboy »

Q1 What was your 2019 AGI? It's on your 1040 return – look on line 8b.
$27,776
Q2 Are you going to use an IRA and deduct $6k from your 2019 and 2020 income OR use a ROTH and face no future taxes?
I'll use the traditional IRA
If your income was $30k and you have a $12,200 standard deduction, that means your taxable income is only $17,800. That would actually put you in the 50% savers credit bracket, so your savers credit would be $1,000.
My refund was $1,098
Please list the unrealized capital gain or loss for each investment in the Raymond James account
Description-------------------------------------------------------Quantity--------Current Value-----------Investment Gain/Loss
Client Interest Program------------------------------------------------------------$3,305.62
FIRST TRUST DORSEY WRIGHT FOCUS 5 ETF (FV)-----------177--------------$5,309.17------------------$806.32
GLOBAL X SOCIAL MEDIA INDEX ETF (SOCL)------------------200--------------$7,008.00------------------$2,899.10
INVESCO BUYBACK ACHIEVERS ETF (PKW)--------------------100-------------$5,283.00-------------------$695.12
INVESCO NASDAQ INTERNET ETF (PNQI)----------------------100-------------$15,175.00------------------$8,189.11
NUVEEN HIGH YIELD MUNICIPAL BOND FUND CLASS I N/L--187.950--------$2,977.13-------------------($259.38)
(NHMRX)

The numbers in bold aren't it? :confused
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Re: Poor Publix employee seeking 401k investment advice

Post by sfmurph »

ralphboy wrote: Fri May 08, 2020 3:30 pm
Q1 What was your 2019 AGI? It's on your 1040 return – look on line 8b.
$27,776
Q2 Are you going to use an IRA and deduct $6k from your 2019 and 2020 income OR use a ROTH and face no future taxes?
I'll use the traditional IRA
Perfect!
ralphboy wrote: Fri May 08, 2020 3:30 pm
If your income was $30k and you have a $12,200 standard deduction, that means your taxable income is only $17,800. That would actually put you in the 50% savers credit bracket, so your savers credit would be $1,000.
My refund was $1,098
Please list the unrealized capital gain or loss for each investment in the Raymond James account
Description-------------------------------------------------------Quantity--------Current Value-----------Investment Gain/Loss
Client Interest Program------------------------------------------------------------$3,305.62
FIRST TRUST DORSEY WRIGHT FOCUS 5 ETF (FV)-----------177--------------$5,309.17------------------$806.32
GLOBAL X SOCIAL MEDIA INDEX ETF (SOCL)------------------200--------------$7,008.00------------------$2,899.10
INVESCO BUYBACK ACHIEVERS ETF (PKW)--------------------100-------------$5,283.00-------------------$695.12
INVESCO NASDAQ INTERNET ETF (PNQI)----------------------100-------------$15,175.00------------------$8,189.11
NUVEEN HIGH YIELD MUNICIPAL BOND FUND CLASS I N/L--187.950--------$2,977.13-------------------($259.38)
(NHMRX)

The numbers in bold aren't it? :confused
Yes, the numbers in bold are the unrealized capital gains and losses. In an earlier post, you posted a screenshot that showed all of these as long term. You'll want to sell them once the transfer to Fidelity is done, but you also want to make sure that you don't have so much gain as to mess up your Saver's Credit or tax bracket.
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Re: Poor Publix employee seeking 401k investment advice

Post by sfmurph »

ralphboy wrote: Thu May 07, 2020 10:15 pm.

Looking at my credit card bills for all of 2019, my average monthly bill was $900.
Consider opening a Fidelity Visa too. They have an easy 2% cash back that would put $18 a month into a Fidelity account.
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typical.investor
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Re: Poor Publix employee seeking 401k investment advice

Post by typical.investor »

ralphboy wrote: Fri May 08, 2020 3:30 pm
Q1 What was your 2019 AGI? It's on your 1040 return – look on line 8b.
$27,776
Q2 Are you going to use an IRA and deduct $6k from your 2019 and 2020 income OR use a ROTH and face no future taxes?
I'll use the traditional IRA


My refund was $1,098
Ok, my suggestion is to keep using the savers credit by breaking up sales of taxable funds over two years.

2020
I would sell:
FV
SOCL
PKW
PNQI (33 shares only)
Client Interest Program
---------------------------
Estimated Sales Total: $25,913.54 <--- make 2019, 2020 IRA contributions from here, put remaining in total market funds
Estimated Capital Gains: $7102.95

2020 Estimated income $28,000
2020 IRA Deduction ($6k)
2020 Capital Gain Est. $7105
-----------------
2020 Estimated AGI $29,105 <-- below $32k savers credit limit
2019 AGI $21,776 <--- you should get an additional refund for taxes paid on the $6k you deducted on 1040x

2021
sell:
PNQI (remaining 67 shares)
-----------------------
Estimated Sales Total: $10167.25 <--- make 2021 IRA contribution from here, put remaining in total market funds
Estimated Capital Gains: $5487

2021 Estimated income $28,000
2021 IRA Deduction ($6k)
2021 Estimated Capital Gain $5487
---------------

2021 Estimated AGI $27,500 <-- below $32k savers credit limit

This leaves you with:
$3,000 NUVEEN HIGH YIELD MUNICIPAL BOND FUND CLASS I N/L
You can sell it anytime. I would hold it until 2022 or later and sell it when I needed money to make an IRA contribution. Others will say high yield muni is too risky. I say it yields more than safe treasuries and municipalities aren't going to go bankrupt so soon even if covid19 bites them.

I would count PNQI as US stocks while you hold it in 2020 for purposes of looking at your asset allocation and deciding what you need to buy.

Please list the unrealized capital gain or loss for each investment in the Raymond James account
Description-------------------------------------------------------Quantity--------Current Value-----------Investment Gain/Loss
Client Interest Program------------------------------------------------------------$3,305.62
FIRST TRUST DORSEY WRIGHT FOCUS 5 ETF (FV)-----------177--------------$5,309.17------------------$806.32
GLOBAL X SOCIAL MEDIA INDEX ETF (SOCL)------------------200--------------$7,008.00------------------$2,899.10
INVESCO BUYBACK ACHIEVERS ETF (PKW)--------------------100-------------$5,283.00-------------------$695.12
INVESCO NASDAQ INTERNET ETF (PNQI)----------------------100-------------$15,175.00------------------$8,189.11
NUVEEN HIGH YIELD MUNICIPAL BOND FUND CLASS I N/L--187.950--------$2,977.13-------------------($259.38)
(NHMRX)

ralphboy wrote: Fri May 08, 2020 3:30 pm The numbers in bold aren't it? :confused
That's right. You had them posted.
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Re: Poor Publix employee seeking 401k investment advice

Post by ralphboy »

Taxable brokerage account @Fidelity, ex Raymond James account minus $10.5k to new IRA (40% of total; $26.5k)
20%, iShares Core S&P Total US Stock Market ETF (ITOT)
20%, iShares Core MSCI Total International Stock ETF (IXUS)

Publix 401k Smart Plan (15% of total; $10k)
13%, State Street S&P 500 Index N ( > 80% of U.S. stock market) (SVSPX) ER 0.16%
00%, American Funds Europacific Growth R6 (both developed and emerging markets) (RERGX) ER 0.49%
02%, Baird Aggregate Bond Institutional (intermediate-term investment-grade bonds) (BAGIX) ER 0.30%

Traditional IRA @ Fidelity (18% of total; $12k)
00%, Fidelity ZERO Total Market Index Fund (FZROX)
00%, Fidelity ZERO International Index Fund (FZILX)
18%, Fidelity U. S. Bond Index Fund (FXNAX)

Publix profit plan (21% of total; $14k; adding gift of about $2.2k annually)
21%, Publix stock.

Publix Employee Stock Purchase Plan (5% of total; $3k; no new annual contributions)
05%, Publix stock
I'm jumping a bit ahead but what do you suggest my portfolio look like once I move all of the Taxable account to the IRA?
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typical.investor
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Re: Poor Publix employee seeking 401k investment advice

Post by typical.investor »

ralphboy wrote: Sun May 10, 2020 5:54 am
Taxable brokerage account @Fidelity, ex Raymond James account minus $10.5k to new IRA (40% of total; $26.5k)
20%, iShares Core S&P Total US Stock Market ETF (ITOT)
20%, iShares Core MSCI Total International Stock ETF (IXUS)

Publix 401k Smart Plan (15% of total; $10k)
13%, State Street S&P 500 Index N ( > 80% of U.S. stock market) (SVSPX) ER 0.16%
00%, American Funds Europacific Growth R6 (both developed and emerging markets) (RERGX) ER 0.49%
02%, Baird Aggregate Bond Institutional (intermediate-term investment-grade bonds) (BAGIX) ER 0.30%

Traditional IRA @ Fidelity (18% of total; $12k)
00%, Fidelity ZERO Total Market Index Fund (FZROX)
00%, Fidelity ZERO International Index Fund (FZILX)
18%, Fidelity U. S. Bond Index Fund (FXNAX)

Publix profit plan (21% of total; $14k; adding gift of about $2.2k annually)
21%, Publix stock.

Publix Employee Stock Purchase Plan (5% of total; $3k; no new annual contributions)
05%, Publix stock
I'm jumping a bit ahead but what do you suggest my portfolio look like once I move all of the Taxable account to the IRA?
What is your target Asset Allocation?

40% US
20% Int
15% Bond
25% Publix

After you decide that, just figure out where you want to hold it. You know your best options. I favor State Street in the 401(k) instead of BARGIX and RERGX because it's the cheapest fund in the 401(k) and you can put International and Bonds in your IRA.

There is no perfect way to do it. You decide. The 401(k) and IRA are tax sheltered so you can always change your positions.

The big thing is to get out of RJ and get the money into tax sheltered without paying any capital gains taxes along the way. And filing the 2019 1040x correctly.

CHOICES

(401k plan)
State Street S&P 500 Index N ( > 80% of U.S. stock market) (SVSPX) ER 0.16%
Publix stock
Baird Aggregate Bond Institutional (intermediate-term investment-grade bonds) (BAGIX) ER 0.30%
American Funds Europacific Growth R6 (both developed and emerging markets) (RERGX) ER 0.49%

IRA
Schwab Total Stock Market Index (SWTSX or SCHB) ER 0.03% - or Fidelity alternative
Schwab International Index (SWISX or SCHF) ER 0.07% - or Fidelity alternative
Schwab U.S. Aggregate Bond Index Fund (SWAGX or SCHZ) ER 0.04% - or Fidelity alternative

Profit Plan at Voya
$13,900 (taxable Publix from profit plan at Voya)

Publix Stockholder Purchase Plan
$3,000 (taxable Employee Stock Purchase Plan at Publix Stockholder Online)

My Suggestions

(401k plan)
State Street S&P 500 Index (SVSPX) ER 0.16%
Publix stock

IRA
Schwab Total Stock Market Index (SWTSX) ER 0.03% - or Fidelity alternative
Schwab International Index (SWISX) ER 0.07% - or Fidelity alternative
Schwab U.S. Aggregate Bond Index Fund (SWAGX) ER 0.04% - or Fidelity alternative

Profit Plan at Voya
$13,900 (taxable Publix from profit plan at Voya)

Publix Stockholder Purchase Plan
$3,000 (taxable Employee Stock Purchase Plan at Publix Stockholder Online)
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Re: Poor Publix employee seeking 401k investment advice

Post by ralphboy »

I have a question about this on my "realized capital gains/loss"
NUVEEN HIGH YIELD MUNICIPAL BOND FUND CLASS I N/L (NHMRX)
Quantity 2.339 Opening Date 02/25/2016 Opening Amount $40.28 Closing Date 04/20/2018 Closing Amount $40.00 Time Held Long Realized Gain/(Loss)$ ($0.28)

NUVEEN HIGH YIELD MUNICIPAL BOND FUND CLASS I N/L (NHMRX)
Quantity 1.211 Opening Date 02/25/2016 Opening Amount $20.85 Closing Date 01/31/2017 Closing Amount $20.00 Time Held Short Realized Gain/(Loss)$ ($0.85)

NUVEEN HIGH YIELD MUNICIPAL BOND FUND CLASS I N/L (NHMRX)
Quantity 5.952 Opening Date 02/25/2016 Opening Amount $102.49 Closing Date 05/02/2017 Closing Amount $100.00 Time Held $100.00 Realized Gain/(Loss)$ ($2.49)

NUVEEN HIGH YIELD MUNICIPAL BOND FUND CLASS I N/L (NHMRX)
Quantity 11.669 Opening Date 02/25/2016 Opening Amount $200.94 Closing Date 07/25/2017 Closing Amount $200.00 Time Held Long Realized Gain/(Loss)$ ($0.94)
How can I have multiples of the same thing opened on the same date and with different quantities and different opening amounts?
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typical.investor
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Re: Poor Publix employee seeking 401k investment advice

Post by typical.investor »

ralphboy wrote: Mon May 11, 2020 6:32 pm I have a question about this on my "realized capital gains/loss"
NUVEEN HIGH YIELD MUNICIPAL BOND FUND CLASS I N/L (NHMRX)
Quantity 2.339 Opening Date 02/25/2016 Opening Amount $40.28 Closing Date 04/20/2018 Closing Amount $40.00 Time Held Long Realized Gain/(Loss)$ ($0.28)

NUVEEN HIGH YIELD MUNICIPAL BOND FUND CLASS I N/L (NHMRX)
Quantity 1.211 Opening Date 02/25/2016 Opening Amount $20.85 Closing Date 01/31/2017 Closing Amount $20.00 Time Held Short Realized Gain/(Loss)$ ($0.85)

NUVEEN HIGH YIELD MUNICIPAL BOND FUND CLASS I N/L (NHMRX)
Quantity 5.952 Opening Date 02/25/2016 Opening Amount $102.49 Closing Date 05/02/2017 Closing Amount $100.00 Time Held $100.00 Realized Gain/(Loss)$ ($2.49)

NUVEEN HIGH YIELD MUNICIPAL BOND FUND CLASS I N/L (NHMRX)
Quantity 11.669 Opening Date 02/25/2016 Opening Amount $200.94 Closing Date 07/25/2017 Closing Amount $200.00 Time Held Long Realized Gain/(Loss)$ ($0.94)
How can I have multiples of the same thing opened on the same date and with different quantities and different opening amounts?
You don't have to sell in the same quantity as you purchased.

The shares bought on 02/25/2016 were sold simply sold at different times. I am not sure if the $360 sold was used to rebalance your allocation so your stock/bond/cash allocation was back in line. Or if they were taking money out of NHMRX for fees (if so you'd likely see it more often). Or a combination of the two above.

In any case, my previous post on what to sell did exactly this. I suggested selling 33 shares of PNQI in 2020 and then the remaining in 2021.
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Re: Poor Publix employee seeking 401k investment advice

Post by ruralavalon »

ralphboy wrote: Sun May 10, 2020 5:54 amI'm jumping a bit ahead but what do you suggest my portfolio look like once I move all of the Taxable account to the IRA?
You are jumping quite a bit ahead. For now concentrate on meeting with the local Fidelity customer service office, moving the Raymond James account, and opening your two new accounts.

It's not possible to predict exactly what your portfolio will look like. That's 2-3 years in the future, we don't know what the stock and bond markets will do in that time, but it's probable that the funds will grow at different and unpredictable rates.
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Re: Poor Publix employee seeking 401k investment advice

Post by ralphboy »

Will do, I have to take care of my mom for a bit but will get on it. It's a little scary switching my investments though because even with paying fees, my portfolio is up $12,000.

I am in the process of getting my 401k in order. Just curious what you all think of Dave Ramsey's 401k advice of 25% Growth & Income, 25% Growth Fund, 25% Aggressive Growth Fund, and 25% International? I guess with my 401k options that would mean 25% T.Rowe Price Blue Chip Growth Fund, 25% State Street S&P500, 25% Dimensional Fund Advisors U.S. Small Cap, and 25% American Funds EuroPacific Growth Fund?

https://www.youtube.com/watch?v=rrBLkfWg_MI


He goes against the advice that was given to me on here so I assume I should just ignore him! Just want to double check.

For my 401k I'm thinking about rebalancing my Publix stock and investing as follows:

S&P500 70%
Baird 15%
American Euro 15%

S&P500 $7,000
Baird $1,500
AmericanEuro $1,500

After a year, I'm not sure if I should divide the balance evenly between the three or at some other percentages.
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Re: Poor Publix employee seeking 401k investment advice

Post by typical.investor »

ralphboy wrote: Tue May 12, 2020 7:27 pm Will do, I have to take care of my mom for a bit but will get on it. It's a little scary switching my investments though because even with paying fees, my portfolio is up $12,000.

I am in the process of getting my 401k in order. Just curious what you all think of Dave Ramsey's 401k advice of 25% Growth & Income, 25% Growth Fund, 25% Aggressive Growth Fund, and 25% International? I guess with my 401k options that would mean 25% T.Rowe Price Blue Chip Growth Fund, 25% State Street S&P500, 25% Dimensional Fund Advisors U.S. Small Cap, and 25% American Funds EuroPacific Growth Fund?
I think taking care of your mom, and getting promoted at work or getting other qualifications are far more important that examining possible asset allocations which can be endless really. Anyway, growth has done well in recent years (which is probably why that portfolio gets promoted) but is expensive now. Maybe it will just keep getting more expensive and do well, or maybe there will be a reversal at some point. Total Market funds sidestep that issue by having true diversification.
ralphboy wrote: Tue May 12, 2020 7:27 pm He goes against the advice that was given to me on here so I assume I should just ignore him! Just want to double check.
I wouldn't follow the advice, but truthfully the difference between his advice and our advice isn't as large as the difference between being able to add a little to your portfolio in contributions and being able to add more. If Publix is going to expand, try to see if you can get into management. Or try to get into management someplace. You seem to get hung up on details ... I would encourage you to keep the broad goal in mind.

How you target that precisely isn't as important as seeing the goal to implement a low cost, diversified portfolio. Ramsey's funds likely cost more and reduce diversification. To me it's not the goal. We can post for 1000s of pages on whether growth funds will continue to outperform in a low rate environment or if high growth valuations have come unhinged from economic realities, but at the end of the day ... it's not really known. The market does what it wants for however long it feels like it.

Again, sidestep the dilemma of what funds to choose by using Total Market funds. They are simply proven to work extremely well. I strongly, strongly encourage you to learn more about Publix management as opposed to trying to adjust your portfolio to eek out a little more in return. One of the two is far more valuable. I am not trying to discourage your questions here, but rather discourage you from getting in the habit of changing your portfolio to what has done well recently.
ralphboy wrote: Tue May 12, 2020 7:27 pm For my 401k I'm thinking about rebalancing my Publix stock and investing as follows:

S&P500 80%
Baird 10%
American Euro 10%

S&P500 $8,000
Baird $1,000
AmericanEuro $1,000

After a year, I'm not sure if I should divide the balance evenly between the three or at some other percentages.
In general, rebalance to your original percentages. US 80%, Intl 10% and Bond 10%

That said, you should be looking at your portfolio overall--the IRA, the 401k, and taxable.

Have you set an overall AA?

US stock% =??
Intl stock%=??
Bond %=??

Maybe you should count Publix as US stocks, but limit it to 25% (or less) of your portfolio and let it drop from there if profit sharing isn't as much as your contributions.
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Re: Poor Publix employee seeking 401k investment advice

Post by ruralavalon »

ralphboy wrote: Tue May 12, 2020 7:27 pm . . . . .
I am in the process of getting my 401k in order. Just curious what you all think of Dave Ramsey's 401k advice of 25% Growth & Income, 25% Growth Fund, 25% Aggressive Growth Fund, and 25% International? I guess with my 401k options that would mean 25% T.Rowe Price Blue Chip Growth Fund, 25% State Street S&P500, 25% Dimensional Fund Advisors U.S. Small Cap, and 25% American Funds EuroPacific Growth Fund?

https://www.youtube.com/watch?v=rrBLkfWg_MI


He goes against the advice that was given to me on here so I assume I should just ignore him! Just want to double check.
. . . . . .
Dave Ramsey gives great advice for handling debt, but poor advice for investing. You are right to skip his advice on investing.
"Everything should be as simple as it is, but not simpler." - Albert Einstein | Wiki article link: Bogleheads® investment philosophy
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Re: Poor Publix employee seeking 401k investment advice

Post by ralphboy »

Should I rollover my money from my 401k and put it all in an IRA?
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Re: Poor Publix employee seeking 401k investment advice

Post by grabiner »

ralphboy wrote: Thu May 14, 2020 8:58 am Should I rollover my money from my 401k and put it all in an IRA?
Usually, you can't do that while still employed.

If you have left your employer, you should do this if the investment options in 401(k) are inferior to those in the IRA, or if they are equally good and you just want to simplify. For example, if you hold a high-cost international stock fund in the 401(k), you can roll that over to an IRA and buy a low-cost international stock index, while keeping the money in a bond fund in the 401(k) which is better than you can get at retail.
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Re: Poor Publix employee seeking 401k investment advice

Post by ruralavalon »

ralphboy wrote: Thu May 14, 2020 8:58 am Should I rollover my money from my 401k and put it all in an IRA?
You cannot rollover your Publix 401k while still working there.
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Re: Poor Publix employee seeking 401k investment advice

Post by LadyGeek »

FYI - An update has been moved to a new thread. See: Poor Publix employee seeking 401k investment advice - no longer have Publix stock

Update: To avoid confusion between the 2020 and 2022 situations, this thread is locked to redirect the discussion to the new thread.
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