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Re: Help for Lively 83 yr. old

I wouldnt have a goal of maximizing tax efficiency. Id have a goal of most money or income. Just to be clear, I agree with you that the goal is not to maximize tax efficiency. I agree with the goal of having the most money (that is, most available dollars available to spend on an after-tax basis). ...
by 2beachcombers
Sun Feb 01, 2015 4:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help for Lively 83 yr. old
Replies: 13
Views: 1641

Re: Help for Lively 83 yr. old

Thanks for the input. The plan is very close to what you recommend

jerry
by 2beachcombers
Sun Feb 01, 2015 1:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help for Lively 83 yr. old
Replies: 13
Views: 1641

Re: POLL: How Will You Complete Your 2014 Taxes?

I am only staying with TT cause Fido gives it to me free

jerry
by 2beachcombers
Sun Feb 01, 2015 11:08 am
 
Forum: Personal Finance (Not Investing)
Topic: POLL: How Will You Complete Your 2014 Taxes?
Replies: 44
Views: 2396

Re: how best to withdraw CG and DIV in retirement

Reinvesting in a taxable account as described above can create short term cap gains. Insure your capital gains are long term and qualified dividends. In the 15% bracket, taxes=0 Also look at your taxable income on a yearly basis and see the impact on the amount of SS that will be taxed, if any. jerry
by 2beachcombers
Sun Feb 01, 2015 9:46 am
 
Forum: Investing - Help with Personal Investments
Topic: how best to withdraw CG and DIV in retirement
Replies: 7
Views: 560

Re: Foreign Tax credit and STATE Income Taxes

Ga does not allow a credit for FT. But is doesnot count the foreign dividends as income. :happy
by 2beachcombers
Sat Jan 31, 2015 9:29 am
 
Forum: Investing - Help with Personal Investments
Topic: Foreign Tax credit and STATE Income Taxes
Replies: 34
Views: 3846

Re: I just filed a Restrictive App at the SS office

We did the following: 1 wife(2yrs younger) lower earner--Started SS at 62 2 me at 66, filed and suspended(restricted app is new to me?) filed for wife FRA/2(collected for 2 yrs) 3 Wife at 66, filed for spousal and started my FRA/2-----I then lost my spousal on her record 4 I will start at 70 in 6 m...
by 2beachcombers
Fri Jan 30, 2015 12:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: I just filed a Restrictive App at the SS office
Replies: 39
Views: 2335

Re: I just filed a Restrictive App at the SS office

Could I benefit from a restrictive app? I am 65. My wife is 60. She has higher social security earnings than me. I am retired. She is still working. I have not taken social security yet. For you to be able to file for a spousal benefit (which is what a restricted application is), your wife must hav...
by 2beachcombers
Fri Jan 30, 2015 12:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: I just filed a Restrictive App at the SS office
Replies: 39
Views: 2335

Re: Must you be employed to execute a restricted application

I read in some Prudential Social Security literature, that one spouse must be working at age 66 to execute a restricted application for Social Security. Can someone confirm if that is the case. There is no such requirement. You must have reached FRA in order to file a restricted application, but yo...
by 2beachcombers
Fri Jan 30, 2015 9:42 am
 
Forum: Personal Finance (Not Investing)
Topic: Must you be employed to execute a restricted application?
Replies: 5
Views: 772

Re: I just filed a Restrictive App at the SS office

Thanks for sharing. I have just started to research this so I am not clear on spousal benefits. So in this case after filing a restricted application you will draw half of your spouses benefits at FRA? In other words you collect the money while your spouse is collecting money as well? :happy :happy...
by 2beachcombers
Fri Jan 30, 2015 9:31 am
 
Forum: Personal Finance (Not Investing)
Topic: I just filed a Restrictive App at the SS office
Replies: 39
Views: 2335

Re: I just filed a Restrictive App at the SS office

Good plan- and she(@66) can also collect on your record We did the following: 1 wife(2yrs younger) lower earner--Started SS at 62 2 me at 66, filed and suspended(restricted app is new to me?) filed for wife FRA/2(collected for 2 yrs) 3 Wife at 66, filed for spousal and started my FRA/2-----I then lo...
by 2beachcombers
Fri Jan 30, 2015 9:22 am
 
Forum: Personal Finance (Not Investing)
Topic: I just filed a Restrictive App at the SS office
Replies: 39
Views: 2335

Re: Help for Lively 83 yr. old

Regarding taxation of annuities: With other types of investing, you can spend 100% of the original principal without having to pay tax. In other words, I don't really see the exclusion ratio as an advantage of annuities relative to other types of investing. It's what's necessary in order to put an ...
by 2beachcombers
Mon Jan 26, 2015 9:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help for Lively 83 yr. old
Replies: 13
Views: 1641

Re: Help for Lively 83 yr. old

Hm, given the size of the stash, health, and other factors, maybe a single premium deferred annuity or a SPIA with a larger step up per year—in other words, loading up the back end—would be more optimal. Clearly the odds are in favor of your aunt over the actuarial tables. Even if that weren't true...
by 2beachcombers
Mon Jan 26, 2015 5:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help for Lively 83 yr. old
Replies: 13
Views: 1641

Re: Help for Lively 83 yr. old

Edit for new news: Talking with Annuity Companies, the exclusion amount on the SPIA is 100% for the first 10 years. Then 0% for the remaining years. This not only reduces the total taxable income, but also reduces the amount of SS tax. Table below has also been updated with these changes. BL---Than...
by 2beachcombers
Mon Jan 26, 2015 11:05 am
 
Forum: Investing - Help with Personal Investments
Topic: Help for Lively 83 yr. old
Replies: 13
Views: 1641

Help for Lively 83 yr. old

My aunt has asked me for help after she learned what I did for her sister(my mom). She also is not happy with her FA. Background: My mom is now 90, I purchased an SPIA for her 11 years ago--still collecting past her annuity mortality date. And we see no reason she should not still be collecting 10 y...
by 2beachcombers
Sun Jan 25, 2015 10:57 am
 
Forum: Investing - Help with Personal Investments
Topic: Help for Lively 83 yr. old
Replies: 13
Views: 1641

Re: New to Forum - keep advisor Y/N + fund help - thx!

I'll repeat the WOW. This may be the most convoluted portfolio ever posted on the forum. There is no telling what your dollar weighted expense ratio is and I suspect neither your advisor or you know. I only checked two of your funds and the er's were in excess of 1%. The odds are, between the er's ...
by 2beachcombers
Wed Jan 21, 2015 11:32 am
 
Forum: Investing - Help with Personal Investments
Topic: New to Forum - keep advisor Y/N + fund help - thx!
Replies: 9
Views: 922

Re: VSS / IDV reallocation [which one to taxable?]

I am working on the following: Will make changes next week ex-dividend for FSIVX 1. simplify portfolio 2. improve tax based allocation 3. reduce er 4. increase Asia/Japan components I found thru the X-ray tool that FSIVX(er=12bp) contains about 72% of IDV's(er=50) value component. Will then have FSI...
by 2beachcombers
Fri Dec 12, 2014 12:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: VSS / IDV reallocation [which one to taxable?]
Replies: 10
Views: 1149

Re: VSS / IDV reallocation [which one to taxable?]

The IDV tax rate on dividends with FTC is 10%, but with 5% yield the tax cost is 0.50. Now add the 50 bp er. for total cost. BUT--whether the allocation is in tax or tax deferred you still pay the er . EFV is a better option, with a lower er, but its performance over the past 5 yrs has been poor. m...
by 2beachcombers
Thu Dec 11, 2014 10:33 am
 
Forum: Investing - Help with Personal Investments
Topic: VSS / IDV reallocation [which one to taxable?]
Replies: 10
Views: 1149

Re: VSS / IDV reallocation [which one to taxable?]

Have you considered PowerShares FTSE RAFI Dev Mkts ex-US ETF (PXF) as an alternative to IDV and/or EFV? http://www.bogleheads.org/forum/viewtopic.php?t=44133 Thanks for the link. Interesting and timely thread for me. Thanks. Will do some digging tonight--off to the golf course jerry
by 2beachcombers
Thu Dec 11, 2014 10:25 am
 
Forum: Investing - Help with Personal Investments
Topic: VSS / IDV reallocation [which one to taxable?]
Replies: 10
Views: 1149

Re: VSS / IDV reallocation [which one to taxable?]

I have VSS in taxable and tax-advantaged. It is my least tax-efficient taxable holding. As such, I would not add to it. Instead I add VEA and/or VEU depending on tax-loss harvesting moves. I am no longer in the accumulation phase, so I am not sure I would even add to VSS in tax-advantaged, but I th...
by 2beachcombers
Wed Dec 10, 2014 10:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: VSS / IDV reallocation [which one to taxable?]
Replies: 10
Views: 1149

Re: VSS / IDV reallocation

The tax cost is the product of the tax rate and the dividend yield. Given your estimates, the tax cost would be 0.26% for VSS, and 0.50% for IDV, so it makes more sense to hold IDV in a tax-deferred account. I would also prefer EFV (iShares MSCI EAFE Value) rather than IDV; it is less expensive (0....
by 2beachcombers
Wed Dec 10, 2014 8:07 am
 
Forum: Investing - Help with Personal Investments
Topic: VSS / IDV reallocation [which one to taxable?]
Replies: 10
Views: 1149

Re: VSS / IDV reallocation [which one to taxable?]

David, I Apologize for the late reply and mucho thanks for your quick reply. You have opened my eyes to some new possibilities. i am re-examining your tax cost in the WIKI compared to my calcs and data. Your VEA and EFV recommendation give me some homework to do. As well as moving VSS to taxable. Wi...
by 2beachcombers
Tue Dec 09, 2014 7:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: VSS / IDV reallocation [which one to taxable?]
Replies: 10
Views: 1149

VSS / IDV reallocation [which one to taxable?]

Reallocating for more aggressive Roth allocations and take advantage of Tax placement. My Marginal TR = 25%. Roths are for heirs/ Balance of Trust for heirs VSS--Vanguard Int Small (5% of portfolio) IDV-- I-shares Int. LCV (7% of portfolio) Total portfolio= Bernstein's IDA with 60/40 with 50% in tax...
by 2beachcombers
Mon Dec 08, 2014 10:34 am
 
Forum: Investing - Help with Personal Investments
Topic: VSS / IDV reallocation [which one to taxable?]
Replies: 10
Views: 1149

Re: Poll: What is your Bond Allocation %?

Rather than holding 0% bonds, I have chosen to hold 10% bonds and increase the risk of the stock portion of my portfolio, overweighting small-cap, value, and emerging markets. I am 44, so I answered Age-35, but I expect to stay 10% bonds for at least ten more years. age 70, bonds 30%; Ida sliced eq...
by 2beachcombers
Sat Nov 08, 2014 9:12 am
 
Forum: Investing - Theory, News & General
Topic: Poll: What is your Bond Allocation %?
Replies: 93
Views: 12333

Re: Fidelity

definitely a nicer web site I used to agree with you on this point. However, Fidelity is rolling out a completely redesigned website - it is a total cluttered mess. I think they must have hired Yahoo's webdesigners. I actually like the new web design. It requires fewer clicks for me to find what I ...
by 2beachcombers
Fri Oct 24, 2014 12:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: Fidelity [Roll 401(k) to IRA]
Replies: 23
Views: 2892

Re: Does your ROTH hold risky or stable items?

I have risky assets only in my ROTH accounts. The reason is I expect these accounts will be part of my legacy and may have a lifetime of 50 years or more. +1 IRA= Reits and Bonds(20% of portfolio)--shorter time horrizon and plan to use IRA for LTC(no taxes on IRA with med deduction) Roths=SCV, LCV ...
by 2beachcombers
Tue Oct 21, 2014 4:28 pm
 
Forum: Investing - Theory, News & General
Topic: Does your ROTH hold risky or stable items?
Replies: 56
Views: 3665

Re: Queston About Funding 1st (Partial Year) of Retirement

Recommend you look at a larger pie--Build a spread sheet including your plan and include SS and RMD distributions. Do you have carry over capital gain losses from previous yrs ? If so you can take $ from taxable account. Your first few years without salary and before SS and RMD are a window for Roth...
by 2beachcombers
Tue Oct 21, 2014 4:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Queston About Funding 1st (Partial Year) of Retirement
Replies: 3
Views: 559

Re: POLL: How fulfilling is your retirement?

Life is what you make it,whether retired or not ,it was great before retirement and it is great in retirement.I am content :happy operative word, content. Same here :happy +1 :sharebeer +2 :sharebeer 15 yrs in retirement--I planned my entire career to retire at 55; Did so at 56(due to a massive bri...
by 2beachcombers
Tue Oct 21, 2014 3:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: How fulfilling is your retirement?
Replies: 34
Views: 3087

Re: VIOV TLH

That's one of the more controversial ones as it's the same index just different companies so if you're concerned about a wash sale then VBR would be considered by many to be less problematic but no one actually knows anything because there haven't been any specifics from the IRS and no one has foun...
by 2beachcombers
Sat Oct 11, 2014 6:36 am
 
Forum: Investing - Theory, News & General
Topic: VIOV TLH [Vanguard Small-Cap 600 Value Tax Loss Harvesting]
Replies: 6
Views: 607

Re: VIOV TLH

That's one of the more controversial ones as it's the same index just different companies so if you're concerned about a wash sale then VBR would be considered by many to be less problematic but no one actually knows anything because there haven't been any specifics from the IRS and no one has foun...
by 2beachcombers
Fri Oct 10, 2014 11:26 am
 
Forum: Investing - Theory, News & General
Topic: VIOV TLH [Vanguard Small-Cap 600 Value Tax Loss Harvesting]
Replies: 6
Views: 607

VIOV TLH [Vanguard Small-Cap 600 Value Tax Loss Harvesting]

I recently sold VIOV for TLH.(FIDO taxable account) :happy

Is IJS a valid substitute? (Also have IJS in ROTH) :confused

They both follow the S&P 600 SC . Or should I go to VBR(CRSP SV) Not concerned about the increase in dividends.



jerry
by 2beachcombers
Fri Oct 10, 2014 8:24 am
 
Forum: Investing - Theory, News & General
Topic: VIOV TLH [Vanguard Small-Cap 600 Value Tax Loss Harvesting]
Replies: 6
Views: 607

Re: Deductable Investment fees

abuss368 wrote:Federal taxes and other excise tax are not deductible. State & local income taxes are. I would consider reading up on "itemized deductions" to gain an overall better understanding.

Best.


Done the reading---but still searching
by 2beachcombers
Wed Oct 08, 2014 3:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Deductible Investment fees
Replies: 9
Views: 687

Re: Deductable Investment fees

You cannot deduct mutual fund expense ratios because you do not pay them directly. The fund pays them for you. For example, if the gross yield of a fund is 3% and the expense ratio is 1%, the fund dividend will be 2%. If the fund paid the gross yield to you at 3% and then sent you a bill for the ma...
by 2beachcombers
Wed Oct 08, 2014 3:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Deductible Investment fees
Replies: 9
Views: 687

Deductible Investment fees

I understand the 2% limitation and ability to deduct management fees, CPU depreciation, etc. Why not deduct expence ratios????? And quickly looking around at my air flights this year there were over 2K$ in fed taxes. Why isn't this deductable? And hotel taxes, gas taxes, etc???/ I even had a 15$ Nav...
by 2beachcombers
Wed Oct 08, 2014 2:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Deductible Investment fees
Replies: 9
Views: 687

Re: Do we need Long Term Disability?

You are young. The insurance co. that you pay LTC--will probably raise rates every few years and may not even be in existence when you need it.

Recommend you build up your 401. My 401, now an IRA, is planned for LTC. Note that is also a great tax deduction if you use it for medical care.

jerry
by 2beachcombers
Fri Oct 03, 2014 12:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do we need Long Term Disability?
Replies: 9
Views: 639

Re: POLL: When I gift/will shares to my relatives, I expect

2beachcombers wrote:they can do what they want---BUT I have educated them to only take the minimum required distributions


This is an edit to my first response--I checked the "other box" as there are sufficient $$ in the roths to carry several generations.
by 2beachcombers
Wed Oct 01, 2014 1:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: When I gift/will shares to my relatives, I expect ...
Replies: 24
Views: 1788

Re: POLL: When I gift/will shares to my relatives, I expect

they can do what they want---BUT I have educated them to only take the minimum required distributions
by 2beachcombers
Tue Sep 30, 2014 2:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: When I gift/will shares to my relatives, I expect ...
Replies: 24
Views: 1788

Re: What's in your tax advantage accounts?

RIRA(35%) = LV, Int LV, int SV
Taxable(35%) = TSM, intTSM,SV, Emerging, Ibonds, Munis, + 5% cash
above portfolio to go to heirs

IRA(25%) = REIT. Bonds - RMD starts next yr.

Jerry
by 2beachcombers
Fri Sep 26, 2014 3:54 pm
 
Forum: Investing - Theory, News & General
Topic: What's in your tax advantage accounts?
Replies: 56
Views: 5239

Re: Extended market index fund in a taxable account?

be careful of nonqualified dividends on extended market--I have put this in my Roth

jerry
by 2beachcombers
Tue Sep 23, 2014 1:05 pm
 
Forum: Investing - Theory, News & General
Topic: Extended market index fund in a taxable account?
Replies: 11
Views: 911

Re: Car-Certified Lexus LS 460 Vs New ES 350 Vs New RX 350

Maintenance costs on a Lexus do not have to be sky high. Two things that I have done are (a) decline suggested service and (b) negotiate rates and services to a lower price. I can say that my 2001 had no service (including no oil changes) for years 11-12 of its life and it is still going strong. My...
by 2beachcombers
Thu Sep 18, 2014 8:32 am
 
Forum: Personal Finance (Not Investing)
Topic: Car-Certified Lexus LS 460 Vs New ES 350 Vs New RX 350
Replies: 63
Views: 4745

Re: How do you store your electronic account statements?

I have been "paperless "for years.I have never downloaded statements and stored them digitally from financial websites.I have found that I rarely need to look at them other than at tax time,so I just access them at the website. :happy Keep it Simple Agreed! - What do these other folks do ...
by 2beachcombers
Thu Sep 18, 2014 8:25 am
 
Forum: Personal Finance (Not Investing)
Topic: How do you store your electronic account statements?
Replies: 24
Views: 1837

Re: The Worst Investment You Can Make: Buying a Home

after buy, improving, selling 5 houses over 45 yrs, 1.3M retirement home paid with cash. All 5 with a significant profit and the last one sold in Fla in 2007 :sharebeer
All my brothers and sisters 5-10 yrs younger than me, have never seen a profit. :oops:
jerry
by 2beachcombers
Wed Aug 20, 2014 1:44 pm
 
Forum: Investing - Theory, News & General
Topic: The Worst Investment You Can Make: Buying a Home
Replies: 135
Views: 17088

Re: Capital gains on sale of parents' residence

Both parents have a 250K cap gain exclusion on the house--I have done this twice

jerry
by 2beachcombers
Wed Aug 20, 2014 1:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Capital gains on sale of parents' residence
Replies: 3
Views: 387

Re: POLL: Age for Collecting Social Security Benefits

70--8mo. to go. When I originally started looking at the options, I decided on 70 as the best guaranteed income for spouse.(the 8% + inflation)=better than any annunity We we lucky in that we had other income in the mean time AND We did not want additional income for tax and medicare bumps. Latter w...
by 2beachcombers
Wed Aug 20, 2014 1:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: Age for Collecting Social Security Benefits
Replies: 103
Views: 8169

Re: POLL: Breaking up with advisor

Left advisor after 3 yrs of missing their own benchmark :oops: i spent these 3 yrs bogleheading and reading many books. Evaluated 3 other firms--found out I had to educate them on SS options, tax advantage placement, Deferred comp, Roth/IRA conversions, and one wanted 2x what i was paying for the on...
by 2beachcombers
Mon Aug 18, 2014 7:30 am
 
Forum: Investing - Help with Personal Investments
Topic: POLL: Breaking up with advisor
Replies: 47
Views: 3735

Re: SS question

Mike--thanks

jerry
by 2beachcombers
Sun Aug 17, 2014 8:49 am
 
Forum: Personal Finance (Not Investing)
Topic: SS question
Replies: 14
Views: 1404

Re: SS question

So just to make sure I understand this right.... ... I took my SS at age 62. ... My wife isn't eligible for SS on her own. She took spousal benefit based on my earnings at age 62. ... We are both past FRA now. So if I die she can stop the spousal benefit and begin receiving what I currently receive...
by 2beachcombers
Sun Aug 17, 2014 8:21 am
 
Forum: Personal Finance (Not Investing)
Topic: SS question
Replies: 14
Views: 1404

Re: SS question

So just to make sure I understand this right.... ... I took my SS at age 62. ... My wife isn't eligible for SS on her own. She took spousal benefit based on my earnings at age 62. ... We are both past FRA now. So if I die she can stop the spousal benefit and begin receiving what I currently receive...
by 2beachcombers
Sun Aug 17, 2014 8:06 am
 
Forum: Personal Finance (Not Investing)
Topic: SS question
Replies: 14
Views: 1404

Re: What was Underestimated\Overestimated in Retirement

Vacation cost about 3X what was planned. Playing, entertaining about 10X more. Medical cost more( = 0 when I was employed)

Paying smaller taxes and not saving 35% of income allows above to work.

Net/Net spending about the same as when working


jerry
by 2beachcombers
Sun Aug 17, 2014 7:56 am
 
Forum: Personal Finance (Not Investing)
Topic: What was Underestimated\Overestimated in Retirement
Replies: 48
Views: 5124

Re: Social Security - Receive Any Letters Approaching Age 70

Mike, I called SS yesterday and was surprised at the following: I turn 70 next year in Aug and was planning on not requesting payment till Dec in order to defer income to the following year(marginal tax threshold issues). The SS lady said yes, you would be paid retro, but you would get a 1099 for t...
by 2beachcombers
Wed Jul 30, 2014 12:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Social Security - Receive Any Letters Approaching Age 70?
Replies: 22
Views: 2199
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