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I am contemplating taking my IRA out of stocks and put into

I am contemplating taking my IRA out of stocks and put into reserve until I see what 2017 will bring. I lost half my portfolio in 99/2000 and am not feeling too great about what I'm reading regarding the new president. So is it ok to do this or is this silly?

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

19,722 satisfied customers
G! I was wondering if you could tell me if these fees seem

Hi Stephen G! I was wondering if you could tell me if these fees seem in line that we were charged for our Roth IRA through our accountant? Bot***** *****ne is we don't have much but are trying to play catch up! I asked for an "Investment Analysis" of our investments with them that they are managing. I have no idea what they do, just that we both have an IRA account with them. We transferred it to them to manage in mid 2014. I just got the report and don't know whether we are doing good or bad! Our contributions are $540/month for each of us and we transferred $19,000 to them in 2014. So since that time the bot***** *****ne of the analysis is we contributed $72,000. Market value is now $76,000 for a "net gain/loss of fees of $4300. The fees for that time period were $1150. On the monthly contributions we paid $195 in 2014 on $4320 for my IRA. $255 on $6480 in 2015 and $306 on $5940 in 2106. My wife paid $310 on $5500 in 2016. If that makes any sense to you (it doesn't to me!) are we being charged fairly?

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Stephen G.

Sr Financial & Tax Consultant

Bachelor's Degree

9,404 satisfied customers
Can you provide a CAGR calculator that will calculate more

Can you provide a CAGR calculator that will calculate more than 1 year? In my case I am looking to calculate for 4 years. I have found a good CARG calculator at https://financialengines.com/education-center/topics/calculators/investment-return-calculator/, but it is only for up to 1 year

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Mark Taylor

Certified Public Accountant

Masters

2,642 satisfied customers
Should I continue with graduate school, even if it means a

Should I continue with graduate school, even if it means a massive loss in income over the next few years?I am a third-year doctoral student in clinical psychology. I currently owe $120,000 in student loans (at about 6.8% interest), and finishing the program would cost an additional $58,000 in tuition alone. I started a very successful sole proprietorship since I began my graduate program. If I stay in school, I can make about $80,000-$100,000 per year over the next five to seven years of school, internships, post-docs, etc. After licensure, my income would be about $80,000 per year. If leave the program now, I could make about $500,000 per year over the next five to seven years.While I have already invested a lot in my education, I'm wondering if it actually makes financial sense to continue with school, or if taking the high income now and investing it intelligently and paying off my student loan very quickly would be more financially sound in the long run. I want to proceed rationally and not take part in the sunk-cost fallacy. Currently, I am growing my mutual fund portfolio (mostly Vanguard index funds) and keeping my living expenses low so that most of my income is free to invest. If I left school and took the high income now, I could probably purchase rental properties within the next three years and generate more passive income.

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

19,722 satisfied customers
I'm trying to find a good investment vehicle to start saving

I'm trying to find a good investment vehicle to start saving and making money. I'm on a fixed income collecting disability of about $976 a month, of it I have about $75 to $100 to to put away every month but I don't know where to put it to get a good return on it. Where should I put it?

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PDtax

Owner

Master's Degree

7,368 satisfied customers
I have a list of funds, and want to know a few things about

I have a list of funds, and want to know a few things about them: which of them are index funds? which of them are stock funds and which are bond funds? Which of them are international (and what is their geography)? List of funds:Stable Value Fund.BlackRock US Debt Index Fund.Fidelity Total Bond Fund.Voya Large Cap Value Portfolio.BlackRock Russell 3000 Index Fund.Voya Large Cap Growth Portfolio.***** *****cock Disciplined Value Mid Cap Fund.T. Rowe Mid Cap Growth Fund.Federated Clover Small Cap Value Fund.T. Rowe Price New Horizons Fund.BlackRock Global Equity ex-US Index Fund.American Funds EuroPacific Growth Fund.Please don't answer if you want just send me a bunch of links.

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

19,722 satisfied customers
Dad passed away recently, and he had a joint brokerage

Hello,Dad passed away recently, and he had a joint brokerage account ($100K) and joint savings account ($50K) with me.I'd like to sell the stocks/mutual funds and split everything with my siblings.When I asked the brokerage firm if they would do a step up in basis, they said no problem, they will do a 100% step up in basis.Is this correct? Am I allowed to do a 100% step up in basis?If so, what do I need to do when I file my next tax return? (Maybe just a form to show a very small amount of capital gains, if any, that I will need to pay tax on? Will that be taxed as income, or capital gains?)Also, I'd like to gift 1/3 and 1/3 to my siblings. I don't mind that it will count against my lifetime 5.4mil of gift tax exemption, but what do I need to do on my next tax return? I'm married and filing jointly. To get the total amount of taxable gift, do I just subtract $14,000 from the amount gifted to sibling 1 and subtract $14,000 from the amount gifted to sibling 2, and add it together?Anything I might be missing?Thanks!

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DanielleCPA

Certified Public Accountant

Bachelor's Degree

974 satisfied customers
I wrote moments ago about a trust. How would you suggest

I wrote moments ago about a trust. How would you suggest presenting the following scenario to a trustee for approval. I want to live on a boat - permanently. I pay 1550 per montn in rent and utilities. My costs for ownership of the boat would be the same or less.

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PDtax

Owner

Master's Degree

7,368 satisfied customers
Iam a retitred senoir on SS i have invested in a mm fund. I

Iam a retitred senoir on SS i have invested in a mm fund . I notice the funds go up and down mostly up in value from my initial investment . When it goes up considerably can i sell that day a recieve the profit and maintain the initial balance without penalties from the fund and hopefully continue taking profit at ervery oppurtunity.? Or is there a provision that allows me to only sell at specific times. In other words can i sell as many times as i want in order to take profit and maintain my initial investment. I am with Vanguard Fund

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

19,722 satisfied customers
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