Search found 4645 matches

by JW Nearly Retired
Fri Jul 31, 2015 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Costco for hearing aids
Replies: 9
Views: 427

Re: Costco for hearing aids

Mine were Bernafon hearing aids. I paid $2800 for the pair and all the accessories last year. I think I recall they were the most expensive Costco was offering at the time.
JW
by JW Nearly Retired
Fri Jul 31, 2015 9:59 am
Forum: Personal Finance (Not Investing)
Topic: Costco for hearing aids
Replies: 9
Views: 427

Re: Costco for hearing aids

I went to my medical clinic to get my hearing test from an audiologist, which my medical insurance paid for. Then I took the test result chart to Costco and bought one of their best hearing aids. They didn't need to give me a Costco hearing test. The device works great. I also think the Costco instr...
by JW Nearly Retired
Fri Jul 31, 2015 9:42 am
Forum: Personal Finance (Not Investing)
Topic: RMDs, taxes and Social Security
Replies: 4
Views: 554

Re: RMDs, taxes and Social Security

Our own Bigfoot48 has a "Retiree Portfolio Model" spreadsheet retirement forecaster I really like. I find it much easier to control and understand what's going on than I-orp. To download it see https://www.bogleheads.org/forum/viewtopic.php?t=97352 There is also some description in the wik...
by JW Nearly Retired
Fri Jul 31, 2015 8:58 am
Forum: Personal Finance (Not Investing)
Topic: Social security
Replies: 7
Views: 587

Re: Social security

However, the article is correct that you have to be very careful because you can screw it up. As I recall the way you tell them in the case of file and suspend at age 66 is that you state your intentions by writing a paragraph in a comments section. There are not check boxes where you pick your cho...
by JW Nearly Retired
Fri Jul 31, 2015 8:30 am
Forum: Investing - Help with Personal Investments
Topic: Another Single Stock (lack of) Diversification Question
Replies: 2
Views: 252

Re: Another Single Stock (lack of) Diversification Question

Now is where I admit that I too hold a single company stock since its IPO inception given as RSU equity compensation (taxed as OI on vesting) over the past six years – valued at about $1.3 M with $800k in LTCG. I’ve understood the risk in this for a long time but boy has it made some money! I’d app...
by JW Nearly Retired
Thu Jul 30, 2015 9:00 pm
Forum: Investing - Help with Personal Investments
Topic: $0.01 left in tIRA MM after backdoor Roth conversion
Replies: 22
Views: 1354

Re: $0.01 left in tIRA MM after backdoor Roth conversion

Personally I've never had this problem (only been doing the Backdoor for two years) - but I always convert the day after doing the tIRA deposit - I imagine this will change if the MM fund eventually earns more than what it is today. Too bad they don't have another cash-holding option with zero inte...
by JW Nearly Retired
Thu Jul 30, 2015 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: Auto collision with uninsured driver caused $5000 in damage. What to do?
Replies: 23
Views: 2083

Re: Auto collision with uninsured driver caused $5000 in damage. What to do?

The brother should first be talking about what to do with his car insurance company, not his brother or us. Tell us what they say and we could comment if it seems right or not.
JW
by JW Nearly Retired
Thu Jul 30, 2015 11:51 am
Forum: Investing - Help with Personal Investments
Topic: $0.01 left in tIRA MM after backdoor Roth conversion
Replies: 22
Views: 1354

Re: $0.01 left in tIRA MM after backdoor Roth conversion

So if I'm understanding correctly I can: 1). Leave the 0.01 in tIRA till next years backdoor Roth. Pro-rata rule will apply, but it looks like the rule is proportional so will basically have no tax impact, given I have no other traditional IRAs 2). Have Vanguard convert the penny to the Roth now in...
by JW Nearly Retired
Thu Jul 30, 2015 11:07 am
Forum: Investing - Help with Personal Investments
Topic: Help with my mother's AA within confines of her advisor
Replies: 16
Views: 1225

Re: Help with my mother's AA within confines of her advisor

Monthly income: $1500 SocSec $2000 Distribution from her taxable account at TD Ameritrade Monthly expenses ~$10,000 (nursing home) Total Assets: just over $1M (not including her home’s value) ... She needs to take a net of $8500/month ($102k/yr) from investments of $1M. Counting the advisor's and f...
by JW Nearly Retired
Thu Jul 30, 2015 9:43 am
Forum: Investing - Help with Personal Investments
Topic: $0.01 left in tIRA MM after backdoor Roth conversion
Replies: 22
Views: 1354

Re: $0.01 left in tIRA MM after backdoor Roth conversion

Do I convert it now or wait till next year and convert $5500.01 with next years backdoor Roth. Assuming 1 cent will round to nothing for taxes, but not sure if this complicates filing form 8060. It doesn't complicate the 8606. I always select 100% or all when doing the conversion step and put whate...
by JW Nearly Retired
Wed Jul 29, 2015 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: Who are you able to share good financial news with?
Replies: 78
Views: 4500

Re: Who are you able to share good financial news with?

Spouse only. With our fairly well off kids we share stuff only in vague not-to-worry-about-us terms.

They probably get some clue from our gifting to them and the grandkids, but we think all the details can wait another 5 or 10 years. Things happen so this time frame can always change.
JW
by JW Nearly Retired
Wed Jul 29, 2015 7:37 pm
Forum: Investing - Help with Personal Investments
Topic: Recent windfall - Currently 95% of assets in single stock - Tax and asset allocation advice appreciated
Replies: 79
Views: 5104

Re: Recent windfall - Currently 95% of assets in single stock - Tax and asset allocation advice appreciated

Effective tax rate is simply total taxes paid divided by total income, presented as a percent. So for your row "Sell in ten years", your effective tax rate is 12.8% (=sum(G11:I11)/F11), whereas for "Sell in one year" your effective tax rate is 20.3%. Again, to compare apples to ...
by JW Nearly Retired
Wed Jul 29, 2015 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes on Estate Distribution
Replies: 1
Views: 230

Re: Taxes on Estate Distribution

I know I will have to pay capital gains on the gainers but will that be offset by the losers. For example if I have 15,000 of gains and 15,000 of losses will my cap gain taxes be zero. Or if I have 13000 of gains and 17,000 of losses will I have a loss to carryover? Yes to both your questions. Exce...
by JW Nearly Retired
Tue Jul 28, 2015 7:57 pm
Forum: Investing - Help with Personal Investments
Topic: What type of Professional do I Need, or do I just need Bogleheads?
Replies: 17
Views: 1999

Re: What type of Professional do I Need, or do I just need Bogleheads?

I noticed that the local community college is offering a "retirement planning" course. What is interesting is that one can sign up for different dates. The course is actually taught by instructors from two different investment firms. Our local community college offered the same type class...
by JW Nearly Retired
Tue Jul 28, 2015 4:33 pm
Forum: Investing - Help with Personal Investments
Topic: today or wait a week
Replies: 14
Views: 1743

Re: today or wait a week

Thanks for the reply. I decided not to wait. I wanted to roll directly into the two funds, but for whatever reason Vanguard requested I roll it into cash fund first. I have have always just filled out their transfer of assets form. In the form there are 4 boxes for the VG funds you want to invest i...
by JW Nearly Retired
Tue Jul 28, 2015 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: When to take Social Security survivor benefit
Replies: 5
Views: 427

Re: When to take Social Security survivor benefit

Between ages 60 and 82 the benefit is almost 400,000. It seems like a lot of money to me when I look at it like that. I could invest/save it and my estate could pass it to my 3 children. Between 66 and 82 the age 66 $25000 benefit is also 400,000. But because of the longer female life expectancy an...
by JW Nearly Retired
Tue Jul 28, 2015 2:16 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth Slammed Closed--WHAT?!
Replies: 28
Views: 3721

Re: Backdoor Roth Slammed Closed--WHAT?!

Regarding "rollover" on an IRA, for some plans but not the TSP, a "rollover IRA" is acceptable, but a non rollover IRA (contributory IRA) is not. So a rollover is generally a positive indication, although since 2002 like another poster mentioned regarding his rollover IRA, a &qu...
by JW Nearly Retired
Tue Jul 28, 2015 12:51 pm
Forum: Investing - Theory, News & General
Topic: Audit over backdoor Roth
Replies: 9
Views: 1414

Re: Audit over backdoor Roth

Contributions and conversions are fully legal. No to similar advice or being audited. I suspect any audits he knows of were because the taxpayer failed to fill out the 8606 forms, or they filled them out wrong. They are a little confusing. Perhaps this advisor doesn't know how to fill them out and d...
by JW Nearly Retired
Tue Jul 28, 2015 12:34 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth Slammed Closed--WHAT?!
Replies: 28
Views: 3721

Re: Backdoor Roth Slammed Closed--WHAT?!

Further, the TSP has been accepting IRA rollovers for years, I believe even for separated employees. There is no way that they have been attempting to enforce IRA custodian certifications because they were unlikely to receive any. If they did, the IRA custodian was not aware of what they were signi...
by JW Nearly Retired
Mon Jul 27, 2015 10:41 am
Forum: Investing - Help with Personal Investments
Topic: Helping Mom - I'm Concerned About Her Advisor
Replies: 24
Views: 1818

Re: Helping Mom - I'm Concerned About Her Advisor

The right measure of investment expense is to compare it to the income that can be safely derived from the investments. Using the old 4% safe withdrawal rule of thumb as a rough guide, the $450k Ameriprise portfolio could be relied on to sustain a $18,000 yearly drawdown (including expenses). If ban...
by JW Nearly Retired
Mon Jul 27, 2015 10:13 am
Forum: Investing - Help with Personal Investments
Topic: Need a Piece of Evidence on the Boglehead Strategy
Replies: 34
Views: 2841

Re: Need a Piece of Evidence on the Boglehead Strategy

I received some very thoughtful responses to a question I asked last time about moving mine and my wife's portfolio from an adviser that charges a 1% fee to Vanguard. This person also I'm just finding out has us invested in funds with a load of 5.75% on average, which I'm assuming we pay on top of ...
by JW Nearly Retired
Mon Jul 27, 2015 9:45 am
Forum: Investing - Help with Personal Investments
Topic: Hourly W2 - Any Retirement Options?
Replies: 10
Views: 832

Re: Hourly W2 - Any Retirement Options?

tIRA/other tax deferred vs Roth vs taxable account. It depends and IMO it's complicated. No avoiding doing some early strategizing how you will do it in your personal situation. If you expect no retirement income besides social security two flavors can work together better than picking just one. e.g...
by JW Nearly Retired
Sun Jul 26, 2015 8:32 pm
Forum: Investing - Help with Personal Investments
Topic: Helping Mom - I'm Concerned About Her Advisor
Replies: 24
Views: 1818

Re: Helping Mom - I'm Concerned About Her Advisor

If you really want to drive the point home, work through her investments with an online fee calculator (plenty of options found with google). Put in her current portfolio, then show her how much more money she'd have by transferring to Vanguard and putting her money in a 3 fund portfolio using Admi...
by JW Nearly Retired
Sun Jul 26, 2015 8:26 pm
Forum: Investing - Help with Personal Investments
Topic: Expense ratio question
Replies: 12
Views: 882

Re: Expense ratio question

I have a advisor that my family has used and he swears he can out perform any TDF by at least 1% which would justify he fee...... If this is true wouldn't it be wise to just use the advisor? He provided this in writing for my family members in the past. If he did not beat the TDF of at least 1% he ...
by JW Nearly Retired
Sun Jul 26, 2015 7:45 pm
Forum: Investing - Help with Personal Investments
Topic: Helping Mom - I'm Concerned About Her Advisor
Replies: 24
Views: 1818

Re: Helping Mom - I'm Concerned About Her Advisor

If you really want to drive the point home, work through her investments with an online fee calculator (plenty of options found with google). Put in her current portfolio, then show her how much more money she'd have by transferring to Vanguard and putting her money in a 3 fund portfolio using Admi...
by JW Nearly Retired
Sun Jul 26, 2015 4:25 pm
Forum: Investing - Help with Personal Investments
Topic: Recent windfall - Currently 95% of assets in single stock - Tax and asset allocation advice appreciated
Replies: 79
Views: 5104

Re: Recent windfall - Currently 95% of assets in single stock - Tax and asset allocation advice appreciated

Thank you for the input on selling the stock. On that issue, does anyone have any input on the 'logistics' of selling this much stock over a few years? My concerns are: 1. Since this is a relatively low volume stock, my concern is selling too much at one time and decreasing the price. Is there a st...
by JW Nearly Retired
Sun Jul 26, 2015 1:38 pm
Forum: Investing - Help with Personal Investments
Topic: Recent windfall - Currently 95% of assets in single stock - Tax and asset allocation advice appreciated
Replies: 79
Views: 5104

Re: Recent windfall - Currently 95% of assets in single stock - Tax and asset allocation advice appreciated

Was the windfall an inheritance? If so, it was probably stepped up to the value on death. If not, what is the basis? That is what you paid for it, or what it was worth when it vested. Most bogleheads, including me, would strongly suggest selling most or all of the stock. A lightly traded single iss...
by JW Nearly Retired
Sun Jul 26, 2015 11:50 am
Forum: Personal Finance (Not Investing)
Topic: Confused about over contributing to Roth after backdoor
Replies: 3
Views: 452

Re: Confused about over contributing to Roth after backdoor

I would call up Vanguard, where the funds are now, and tell them you made a $500 Roth contribution in January, but you realize you will make too much money to make a (direct) Roth contribution so how can you undo that contribution. I have done this and they just took the contribution amount + its ea...
by JW Nearly Retired
Sun Jul 26, 2015 9:58 am
Forum: Investing - Help with Personal Investments
Topic: Expense ratio question
Replies: 12
Views: 882

Re: Expense ratio question

Portfolio 1- a simple 3 fund in 2 accounts 401k has the 3 fund that everyone talks about and let's say the ER totals .25 for all 3 (( I know it may be different )) Roth IRA has the same 3 fund at .25 Total ER is .50 ??? ..... also.... if this fund was managed by a Advisor which charges 1%.. would t...
by JW Nearly Retired
Sat Jul 25, 2015 9:08 pm
Forum: Personal Finance (Not Investing)
Topic: Alert. Scam with callers posing as IRS agents...
Replies: 46
Views: 4194

Re: Alert. Scam with callers posing as IRS agents...

But the valuable lesson I learned was that I'm an idiot to still sometimes answer a landline. Between scammers, telemarketers and robocalls from politicians, there's really no reason to. I get calls like this on my cell phone. Same here. Never answer any cell or landline phone unless I can caller I...
by JW Nearly Retired
Sat Jul 25, 2015 10:00 am
Forum: Personal Finance (Not Investing)
Topic: 401k limits
Replies: 5
Views: 365

Re: 401k limits

The $18k is your own tax deferred contribution maximum (+another $6k if you are over 50). The employer match and any after-tax contributions you might make can bring the total to $53k.

http://www.401khelpcenter.com/2015_401k ... bOj71LbKUk
JW
by JW Nearly Retired
Sat Jul 25, 2015 8:44 am
Forum: Investing - Help with Personal Investments
Topic: Do I dump the Vanguard energy Fund in my 401k
Replies: 32
Views: 2870

Re: Do I dump the Vanguard energy Fund in my 401k

I would dump the energy fund and other sector bets ASAP and just do a 3-fund index portfolio. Even now that it's dropped to 20% looks like you are still 3X overweighting energy. https://eresearch.fidelity.com/eresearch/markets_sectors/sectors/si_weighting_recommendations.jhtml?tab=sirecommendations JW
by JW Nearly Retired
Sat Jul 25, 2015 8:19 am
Forum: Investing - Help with Personal Investments
Topic: today or wait a week
Replies: 14
Views: 1743

Re: today or wait a week

I just completed an IRA roll over from Fidelity to Vanguard. I'm 61 and these are retirement funds. The roll over is currently sitting in cash. I've selected two funds vwiax and vwenx to exchange the cash into. My inclination is to do the exchange today, but since I'm a fairly novice investor I was...
by JW Nearly Retired
Fri Jul 24, 2015 8:59 am
Forum: Investing - Theory, News & General
Topic: EGRX
Replies: 4
Views: 367

Re: EGRX

I saw my brother's stock picks, the company EGRX was up 50% or so and I saw the charts... it has been shooting up. He invested 13k and made 3k so far really quick. I don't invest in single stocks but it's tempting! Tempting?.... but isn't it safer to diversify? Do a stock screening and buy all the ...
by JW Nearly Retired
Fri Jul 24, 2015 8:35 am
Forum: Investing - Help with Personal Investments
Topic: Father passed - helping my mom invest her assets
Replies: 24
Views: 2508

Re: Father passed - helping my mom invest her assets

I would not even concern myself with investing the money. If you can eventually pursuade her to sell the house then an annuity sounds to me like the best plan for the rest. If an annuity isn't right then I'd come back once the house is sorted out for advise on how to invest it then if I was in your...
by JW Nearly Retired
Thu Jul 23, 2015 6:58 pm
Forum: Investing - Help with Personal Investments
Topic: Daughter & Husband portfolio rebalance
Replies: 15
Views: 1809

Re: Daughter & Husband portfolio rebalance

We danced around this issue some time back, but I didn't get enough votes for the 70/30 allocation to feel comfortable. I realize the bond market has everyone skittish - but it has for years. Anyway, having money in bonds, seems to me, is like having coins in a piggy bank. Zero growth. Back to my d...
by JW Nearly Retired
Thu Jul 23, 2015 12:52 pm
Forum: Investing - Help with Personal Investments
Topic: Help Parents set up Investments
Replies: 6
Views: 477

Re: Help Parents set up Investments

They are too old (>70.5) to invest in traditional IRAs. They could invest in Roths if they have compensation income but it sounds like they might not. See http://fairmark.com/retirement/roth-accounts/contributions-to-roth-accounts/qualifying-income-for-ira-contributions/ I would be careful of the &q...
by JW Nearly Retired
Thu Jul 23, 2015 11:26 am
Forum: Personal Finance (Not Investing)
Topic: Not paying estimated taxes
Replies: 20
Views: 2265

Re: Not paying estimated taxes

Why not pay quarterly estimated taxes as you go. That might keep you from spending rental and business income you don't really have.
JW
by JW Nearly Retired
Thu Jul 23, 2015 9:25 am
Forum: Investing - Theory, News & General
Topic: Does how often you check your portfolio correlate with returns
Replies: 35
Views: 2662

Re: Does how often you check your portfolio correlate with returns

If one invests passively then you will do as well or as bad as the weighted averages in the corresponding benchmarks minus fees and taxes. This is why I don't understand why folks even look at their returns on this site. We look at our account balances and overall AA, US/foreign, large/small alloca...
by JW Nearly Retired
Wed Jul 22, 2015 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: Parent caught up in forex (vietnamese dong) scam... What should I do?
Replies: 44
Views: 5360

Re: Parent caught up in forex (vietnamese dong) scam... What should I do?

She was also kind enough to gift me a million dongs that I have no idea what to do with. A million dongs seems to only be $45 so it's not something to worry about. Your worry is how to stop her sending more and more money to these criminals. I would probably yell and scream at her if she was my mom...
by JW Nearly Retired
Wed Jul 22, 2015 9:20 am
Forum: Investing - Help with Personal Investments
Topic: Father passed - helping my mom invest her assets
Replies: 24
Views: 2508

Re: Father passed - helping my mom invest her assets

Rather B Fishing wrote:My father unexpectedly passed away this past June ......

Only a month ago? I missed this.... agree with BTDT & BL to give it a year before making any big decisions.
JW
by JW Nearly Retired
Wed Jul 22, 2015 8:42 am
Forum: Investing - Help with Personal Investments
Topic: Father passed - helping my mom invest her assets
Replies: 24
Views: 2508

Re: Father passed - helping my mom invest her assets

My mother has said she claims about $15k on her federal taxes each year. That's about $1,250 / month in business income. She's getting about $1.1k from SS with no taxes taken out and that's it. I believe she could start taking a small draw from her 401k (maybe $250 / month,) and her sister has expr...
by JW Nearly Retired
Tue Jul 21, 2015 1:09 pm
Forum: Investing - Help with Personal Investments
Topic: Should I get out of personal stocks - Did
Replies: 11
Views: 1081

Re: Should I get out of personal stocks - Did

ATT, Apple, Ford, Lowes, Home Depot, Microsoft! Zounds!! How did you find all these hidden gems?? :shock: Many of us have dabbled in stock picking but after while most realize we have no idea what we are doing. My advice would be to take as long as needed for you to learn that too...... but don't ex...
by JW Nearly Retired
Tue Jul 21, 2015 9:04 am
Forum: Investing - Help with Personal Investments
Topic: How would you rebalance when your fixed income investments are not liquid?
Replies: 15
Views: 547

Re: How would you rebalance when your fixed income investments are not liquid?

But when equities fall in value isn't it beneficial to be able to rebalance into them to buy them cheap? I know it's not "guaranteed" but holding 10-20% in bonds and rebalancing seems to greatly smooth returns. 100% equity can take several decades to "win" and in retirement I mi...
by JW Nearly Retired
Mon Jul 20, 2015 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone had experience with missingmoney.com?
Replies: 14
Views: 1489

Re: Has anyone had experience with missingmoney.com?

Just go to your state's unclaimed property web site and look there. For example in California it is http://sco.ca.gov/upd.html

Don't use the link your sister sent since they will want a finders fee or worse.
JW
by JW Nearly Retired
Mon Jul 20, 2015 9:35 am
Forum: Personal Finance (Not Investing)
Topic: retiring at 65 vs 66
Replies: 14
Views: 1538

Re: retiring at 65 vs 66

No hurry about this decision. The increase or decrease from his age 66 SS benefit is by the month. 5/9ths%/month before 66 and 2/3rds%/month after 66. So it's a monthly decision to keep waiting or not. If he waits all the way until age 70 he would get $1255x1.32 = $1657/month. (plus any cost of livi...
by JW Nearly Retired
Mon Jul 20, 2015 8:51 am
Forum: Investing - Help with Personal Investments
Topic: 401k to 401k rollover advice
Replies: 5
Views: 201

Re: 401k to 401k rollover advice

Probably would not do a backdoor Roth IRA since I don't have a good understanding of how its done, its benefits and downside etc. Its benefit is you can contribute to a Roth even when you have a high income. There is no downside as long as you don't have a rollover or another IRA account. Suggest y...
by JW Nearly Retired
Sun Jul 19, 2015 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: Why did you take SS at FRA instead of delaying until 70?
Replies: 69
Views: 7556

Re: Why did you take SS at FRA instead of delaying until 70?

:dollar #1.) Since the money(SS) is there, take it ! Who can guarantee age 70 or ever 63, Etc,..? We retired early with good pensions and investments, so taking SS soon as available was a gift that we invested in Vanguard until RMD's began . Now we invest only the RMD's,..33. I think you might mean...
by JW Nearly Retired
Sat Jul 18, 2015 10:12 am
Forum: Forum Issues and Administration
Topic: Does anyone else have to continually login?
Replies: 33
Views: 1962

Re: Does anyone else have to continually login?

astrohip wrote:
But here, every other day or so.

Is it just me, or is it some site function?

Do you check the "keep me logged in" box when you log in? Try that if you don't.
JW
by JW Nearly Retired
Sat Jul 18, 2015 9:21 am
Forum: Personal Finance (Not Investing)
Topic: Advisors
Replies: 12
Views: 1183

Re: Advisors

What kind of professional assistance do you employ in finance, taxes, and investing? I have always filed my own taxes and managed my own finances, but in the last few years my life got a bit more complicated. I got married, have two kids, bought a house, and graduated from school. I am new to this ...

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