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Re: How to (diplomatically) challenge wife's active mgmt fun

...................Add up the 5 grows-to amounts and you have the final balance. That will give you a very precise estimate for wife's Roth balance had she invested the same amounts only in the ultra-simple and inexpensive choice of Vanguard TR 2045 (VTIVX). http://quotes.morningstar.com/chart/fund...
by JW Nearly Retired
Sat Apr 18, 2015 6:26 pm
 
Forum: Investing - Theory, News & General
Topic: How to (diplomatically) challenge wife's active mgmt funds
Replies: 87
Views: 4600

Re: What Book Are You Currently Reading? Part VI

Petrocelli wrote:I just finished All the Light We Cannot See, which is the best fiction book I have read in years.

I can 2nd this. Really a good one.
JW
by JW Nearly Retired
Sat Apr 18, 2015 9:42 am
 
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 635
Views: 88844

Re: How to (diplomatically) challenge wife's active mgmt fun

The link I posted would take you to the right page. JW But... I think what you're suggesting is a manual process of entering the various contribution dates into the custom date range "start" field (e.g., whatever dates in 2009, 2010, 2011, etc.) and seeing what each gets me for a current ...
by JW Nearly Retired
Fri Apr 17, 2015 3:49 pm
 
Forum: Investing - Theory, News & General
Topic: How to (diplomatically) challenge wife's active mgmt funds
Replies: 87
Views: 4600

Re: How to (diplomatically) challenge wife's active mgmt fun

... I would Morningstar growth of $10k simulate the performance of those 5 amounts as separately invested in one single Index fund like VG Target Retirement 2045 (VTIVX) on their 5 respective investment dates. ... Thanks for the suggestion, JW. Would I do that via the Portfolio Manager on the M* si...
by JW Nearly Retired
Fri Apr 17, 2015 3:03 pm
 
Forum: Investing - Theory, News & General
Topic: How to (diplomatically) challenge wife's active mgmt funds
Replies: 87
Views: 4600

Re: How to (diplomatically) challenge wife's active mgmt fun

Here are the current funds: Name (Symbol/ER/load) style / % of acct WRA Dividend Opportunities Fund Class A (WDVAX/1.26/5.75) US Stk Lg Blend / 12% WRA Asset Strategy Fund Class A (UNASX/1.1/5.75) World Allocation Lg Growth / 13% WRA New Concepts Fund Class A (UNECX/1.36/5.75) US Stk, Mid Growth / ...
by JW Nearly Retired
Fri Apr 17, 2015 2:11 pm
 
Forum: Investing - Theory, News & General
Topic: How to (diplomatically) challenge wife's active mgmt funds
Replies: 87
Views: 4600

Re: How to (diplomatically) challenge wife's active mgmt fun

When I've tried to raise these points before, she's pointed out that her funds' performance has been roughly similar to mine over the past few years, so if my approach is so great, why aren't I doing much better? She also states that she doesn't have the time or inclination to research and monitor ...
by JW Nearly Retired
Thu Apr 16, 2015 11:18 am
 
Forum: Investing - Theory, News & General
Topic: How to (diplomatically) challenge wife's active mgmt funds
Replies: 87
Views: 4600

Re: Anxiety about market fluctuations

So now that I am on the verge of living this better life and increasing my expenditures, the recent market run up is making me nervous. In the past couple weeks, my portfolio has risen more than my annual contributions. While I don't expect a huge market return to continue, and while I won't lose s...
by JW Nearly Retired
Thu Apr 16, 2015 9:35 am
 
Forum: Investing - Help with Personal Investments
Topic: Anxiety about market fluctuations
Replies: 13
Views: 1097

Re: Tax advantaged savings beyond SIMPLE IRA

you could do a http://www.bogleheads.org/wiki/Backdoor_Roth_IRA . call your financial company and they should be able to walk you through it. It essentially converts a traditional (not as strict income wise) to a roth. No, the SIMPLE messes the backdoor up. The SIMPLE counts into the 8606 form pro-...
by JW Nearly Retired
Wed Apr 15, 2015 3:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Tax advantaged savings beyond SIMPLE IRA
Replies: 9
Views: 575

Re: Social Security Filing Strategies at a Glance

Does anyone know what amount the survivor would receive if the deceased spouse wasn't receiving benefits (delaying until 70) and died unexpectantly at age 69? What about those delayed credits? Good question. I too would like to know the answer to this. What Penguin said just above your post. Surviv...
by JW Nearly Retired
Tue Apr 14, 2015 6:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Social Security Filing Strategies at a Glance
Replies: 10
Views: 1279

Re: At my age & tax bracket, is a Roth smart?

Am I better off investing in a Roth and paying tax in my highest bracket today? Or investing in a Tax free muni bond within taxable account? I'm puzzled why this isn't obvious? Of course you are better off investing in a (backdoor) Roth. Contributing to a Roth has no effect on your current tax and ...
by JW Nearly Retired
Tue Apr 14, 2015 9:04 am
 
Forum: Investing - Help with Personal Investments
Topic: At my age & tax bracket, is a Roth smart?
Replies: 24
Views: 2417

Re: Which one to collect first, SS or EIA payment

Yes, SS is "gone when you die". But, most 62 year-old women will live for a couple more decades. Deferring SS for four will raise her annual income from $20,000 to maybe $26,000 (plus CPI increases) If she defers for four years to her FRA (full retirement age) she could then take a spousa...
by JW Nearly Retired
Mon Apr 13, 2015 9:25 am
 
Forum: Personal Finance (Not Investing)
Topic: Which one to collect first, SS or EIA payment
Replies: 8
Views: 619

Re: When to sell actively managed funds in taxable acct

zadie, Depends. The best time to sell was in 2008/09, when you likely could have tax loss harvested them at a loss and replaced them with index funds. You could still be writing off the loss at $3k/yr against your current income and your 0.1% ER index funds would have all those gains. So one option ...
by JW Nearly Retired
Mon Apr 13, 2015 9:00 am
 
Forum: Investing - Help with Personal Investments
Topic: When to sell actively managed funds in taxable acct
Replies: 21
Views: 1692

Re: 401k to IRA ans Back-Door Roth

her 401k is about 70k we don't have the option to leave it due to a change of control event. (snip) We file taxes jointly and are probably 15 years out from retirement. Forgive my speculating but I'm puzzled about this. Her $70k seems like a small 401k balance for someone only 15 yrs from retiremen...
by JW Nearly Retired
Sat Apr 11, 2015 11:46 am
 
Forum: Investing - Help with Personal Investments
Topic: 401k to IRA ans Back-Door Roth
Replies: 7
Views: 350

Re: Gift limit and Charitable Donations

First time poster here. Firstly, I'd like to thank everyone for their thoughtful and informative posts. I'm not sure if this is even legal or workable, but it seems worth asking. I know that between two parents they can gift up to $28,000 to a child each year without the child having to pay taxes o...
by JW Nearly Retired
Fri Apr 10, 2015 5:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Gift limit and Charitable Donations
Replies: 31
Views: 1212

Re: Hard time pulling the switch

The funds that I own can't be transffered in kind because only clients of the portfolio service can own Fidelity strategic advisor funds. My fidelity rep says I have to open another Ira even if I am keeping my money at fidelity. Any opinions on weather right now would be a good time to switch? In a...
by JW Nearly Retired
Fri Apr 10, 2015 4:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Hard time pulling the switch
Replies: 8
Views: 1168

Re: Are there any taxable account (non 401k/IRA) I can utili

thethinker wrote:
But if I already max my Roth, I cannot put more into it, can I? Once I hit $5,500.....I cannot roll over more money into my Roth for that year, right?

Wrong. The $5500 applies only to your annual "contribution". A rollover from another IRA/401k/etc. can be any amount at all.
JW
by JW Nearly Retired
Fri Apr 10, 2015 2:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: Are there any taxable account (non 401k/IRA) I can utilize?
Replies: 11
Views: 747

Re: Funds to minimize Ameriprise SIMPLE IRA pain.

I laid out clearly to the Ameriprise advisor that I would like a list of Total Index ETFs that have no transaction fees. This is his response. Any ETF you would use the only fee you would pay would be $6 per transaction. So anytime we would do a buy there would be a $6 transaction charge. Also ther...
by JW Nearly Retired
Fri Apr 10, 2015 12:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: Funds to minimize Ameriprise SIMPLE IRA pain.
Replies: 17
Views: 1035

Re: Social Security withholding tax ??

Unless your wife's income is SS too, you will probably owe some tax on your SS income. I would put it in TaxCaster to estimate your expected tax on $32k SS and $32k employment earnings. You would use the standard deduction since it will be greater than your itemized looks like. (I get $2260 federal ...
by JW Nearly Retired
Fri Apr 10, 2015 11:17 am
 
Forum: Personal Finance (Not Investing)
Topic: Social Security withholding tax ??
Replies: 2
Views: 384

Re: Backdoor Roth and a 401k rollover in the same year tax f

Is it possible to do a Backdoor Roth and a 401k rollover into a traditional IRA in the same year without paying taxes? I'm looking at Publication 590b Worksheet 1-1, and it seems like the IRS is aggregating basis across the entire year. The trad IRA balance at years end is the balance number that i...
by JW Nearly Retired
Fri Apr 10, 2015 9:45 am
 
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth and a 401k rollover in the same year tax free?
Replies: 6
Views: 323

Re: Can I still add to my Roth IRA for 2014?

OP, Depends on how large this 2014 "bit of income" you mentioned might be. You can't contribute any more than the smaller of either $5500 $6500 or your "taxable compensation" for that year. For what that is see http://www.irs.gov/publications/p590a/ch01.html#en_US_2014_publink10...
by JW Nearly Retired
Fri Apr 10, 2015 9:18 am
 
Forum: Personal Finance (Not Investing)
Topic: Can I still add to my Roth IRA for 2014?
Replies: 10
Views: 609

Re: Can I still add to my Roth IRA for 2014?

OP, Depends on how large this 2014 "bit of income" you mentioned might be. You can't contribute any more than the smaller of either $5500 $6500 or your "taxable compensation" for that year. For what that is see http://www.irs.gov/publications/p590a/ch01.html#en_US_2014_publink100...
by JW Nearly Retired
Thu Apr 09, 2015 7:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can I still add to my Roth IRA for 2014?
Replies: 10
Views: 609

Re: Do I file a tax form for after tax 401k -> Roth IRA

Hi, all, I did a rollover from my after tax 401k to a Roth IRA. I searched here, and hunted through various IRS publications, such as http://www.irs.gov/pub/irs-pdf/p590a.pdf and am pretty sure I did it correctly. I do not see whether there is a form to file with my taxes this year to tell the IRS ...
by JW Nearly Retired
Wed Apr 08, 2015 6:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do I file a tax form for after tax 401k -> Roth IRA
Replies: 3
Views: 438

Re: Should We Start Taking Social Security Out?

veeceeone wrote:My wife is retiring at the end of July.

Retiring from work and claiming SS are often two different things.

One of the Bogleheads here has written a short (100 page) book about SS. "Social Security Made Simple" by Mike Piper. Amazon has it in Kindle and paperback.
JW
by JW Nearly Retired
Wed Apr 08, 2015 12:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should We Start Taking Social Security Out?
Replies: 10
Views: 944

Re: Should We Start Taking Social Security Out?

I am 66 and still working. My wife is 62 and will stop working soon. Should I start taking out social security? I also heard that my wife should start taking out her part of my social security soon and that she can switch once when she is 70. Does this mean that both I and my wife will be receiving...
by JW Nearly Retired
Wed Apr 08, 2015 11:26 am
 
Forum: Personal Finance (Not Investing)
Topic: Should We Start Taking Social Security Out?
Replies: 10
Views: 944

Re: Options for a Rollover (Traditional) IRA

A little more information: I'm 28 and only recently started learning more about investing. I currently own four funds in the IRA in question, three of which I am not as keen to hold on to long-term due to their higher fees. FCNTX - FIDELITY CONTRAFUND (0.64% exp. ratio) FDIVX - FIDELITY DIVERSIFIED...
by JW Nearly Retired
Tue Apr 07, 2015 9:29 am
 
Forum: Investing - Help with Personal Investments
Topic: Options for a Rollover (Traditional) IRA
Replies: 5
Views: 375

Re: Best way for grandparent to give to grandchild

If your grandparent does use a 529 it's best if he designates you (or the child) as the successor account owner. Otherwise it goes into his estate, which could mean significant changes to it should it end up with a different owner. http://www.savingforcollege.com/grandparents/answer.php?grandparent_...
by JW Nearly Retired
Mon Apr 06, 2015 8:11 am
 
Forum: Investing - Help with Personal Investments
Topic: Best way for grandparent to give to grandchild
Replies: 4
Views: 854

Re: Retiring Before Age 66

Would it be advisable to use money from a taxable investment account to fund an IRA and do yearly Roth conversions with that? You need earned income to contribute to an ira. Thanks. I was wondering if one could use earned income to spend and transfer existing taxable assets to an IRA and then conve...
by JW Nearly Retired
Mon Apr 06, 2015 7:49 am
 
Forum: Investing - Help with Personal Investments
Topic: Retiring Before Age 66
Replies: 21
Views: 3996

Re: Inherited IRA

One who inherits a 95k IRA in Texas, but seemed to have no option available in the paperwork other than to take the full cash value......what trouble might I be in? It was received in full cash value around the end of February 2015 to my bank account. I'm already in the highest Fed tax bracket with...
by JW Nearly Retired
Mon Apr 06, 2015 7:33 am
 
Forum: Investing - Help with Personal Investments
Topic: Inherited IRA
Replies: 12
Views: 1412

Re: Pension [versus] Lump Sum

Put your own and your wife's ages in here and see what is shown to be best. i.e., what $195k will buy you on the J&S annuities market.
https://www.immediateannuities.com/
JW
by JW Nearly Retired
Sun Apr 05, 2015 8:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Pension [versus] Lump Sum
Replies: 8
Views: 1139

Re: Ameriprise Roth IRAs to Vanguard - A Few Questions

1. I will have to pay surrender fees. The total amount in the two accounts is currently $86,423.69 and the surrender charges are $4059.80. There will also be account closure fees - I believe totaling $200. I figure the yearly expenses on these accounts are about 2% total and the surrender charges w...
by JW Nearly Retired
Sun Apr 05, 2015 5:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: Ameriprise Roth IRAs to Vanguard - A Few Questions
Replies: 8
Views: 762

Re: Investing to gift to kids later

Sorry, I was referring to gifting to independent adult children. Don't know anything useful if they are still dependents.
JW
by JW Nearly Retired
Sun Apr 05, 2015 9:10 am
 
Forum: Investing - Help with Personal Investments
Topic: Investing to gift to kids later
Replies: 16
Views: 1686

Re: 401k after retired

We have sufficient income from other stable sources to meet our monthly needs and would not need funds from this 401k for 15 years. ............ Yes my wife and I both have pensions and SS income but were not good savers so 200k is all were left to work with. Appears you have to be at least 62+. Ju...
by JW Nearly Retired
Sun Apr 05, 2015 8:36 am
 
Forum: Investing - Help with Personal Investments
Topic: 401k after retired
Replies: 16
Views: 2007

Re: Investing to gift to kids later

Livesoft please can you explain how to give kids the shares. Really want to understand the process and how to account in taxes 1. Recipient opens up taxable account at their brokerge of choice and tells me their account number. 2. I fill out a form from my broker that basically says, "Please t...
by JW Nearly Retired
Sun Apr 05, 2015 7:44 am
 
Forum: Investing - Help with Personal Investments
Topic: Investing to gift to kids later
Replies: 16
Views: 1686

Re: UPDATE: New investor looking for advice

Age 26 with a $90k income and you are saving 15% of it (not counting the match). In the SF Bay Area no less! That is extremely good. Excepting the born rich, I'll bet it's better saving than 99% of the 26 year olds out there. :beer Give yourself a little slack and work on your emergency fund. You ha...
by JW Nearly Retired
Sat Apr 04, 2015 6:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: UPDATE: New investor looking for advice
Replies: 11
Views: 1213

Re: Paying federal taxes on social security benefits??

I've been thinking about putting federal tax withholding on my Social Security benefits. For the period of 2015 the total income will be $35,000 earned income for my wife and $32,000 income of SS for me. All other monies are in tax deferred accounts which we hope not to accesss. Should I worry abou...
by JW Nearly Retired
Sat Apr 04, 2015 2:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Paying federal taxes on social security benefits??
Replies: 7
Views: 963

Re: Taxable savings to Roth IRAs?

Marginal tax rate is 25%. Thanks for the help. That means you will pay Fed cap gains tax of 15% on the $8900 gain. Plus if you live in a state like CA that taxes cap gains as ordinary income, there would be an additional state tax of up to about 9%, depending on the state. Anyway, I don't see a goo...
by JW Nearly Retired
Sat Apr 04, 2015 11:52 am
 
Forum: Investing - Help with Personal Investments
Topic: Taxable savings to Roth IRAs?
Replies: 8
Views: 1067

Re: Converted to Index Funds in 2014 - paid Capital Gains at

Thanks for the responses and link. I do not know a thing about tax loss harvesting. And, It is good to know about the Vanguard total Market Index , that is my biggest held index fund now! I went to the link for tax loss harvesting, so what does this mean? I am in the 15% tax bracket and I paid on m...
by JW Nearly Retired
Sat Apr 04, 2015 9:19 am
 
Forum: Investing - Theory, News & General
Topic: Converted to Index Funds in 2014 - paid Capital Gains at tax
Replies: 15
Views: 1186

Re: Taxable savings to Roth IRAs?

We need to know your marginal tax bracket to answer with any certainty.
http://taxfoundation.org/article/2015-tax-brackets
JW
by JW Nearly Retired
Sat Apr 04, 2015 8:52 am
 
Forum: Investing - Help with Personal Investments
Topic: Taxable savings to Roth IRAs?
Replies: 8
Views: 1067

Re: Inherited IRA

I am rolling over an inherited IRA to Vanguard. While I have tens years until retirement, and benefit from two defined benefit pension plans, how should I allocate these particular assets? Since I cannot make any additional contributions, I will really never benefit from dollar cost averaging. It a...
by JW Nearly Retired
Fri Apr 03, 2015 8:37 am
 
Forum: Investing - Help with Personal Investments
Topic: Inherited IRA
Replies: 12
Views: 1412

Re: Unwanted distribution from Roth

I received a dividend cash distribution check from one of the funds in my Roth IRA today. Since I'm in my 50s and have everything on automatic reinvestment, and am pushing money into Roth accounts each year, I'm upset on a number of levels. I sent a secure email this evening asking them to reverse ...
by JW Nearly Retired
Fri Apr 03, 2015 7:55 am
 
Forum: Personal Finance (Not Investing)
Topic: Unwanted distribution from Roth
Replies: 23
Views: 2009

Re: Any Magic Jack users out there?

I'm considering giving up our landline phone when we move into our new house in June. I know you lose your phone service if you lose internet service and that you don't have reverse 911. Are there any other drawbacks to VOIP? If we do go this route, how do we get a phone number? TIA. Chris We have ...
by JW Nearly Retired
Thu Apr 02, 2015 8:40 pm
 
Forum: Personal Consumer Issues
Topic: Any Magic Jack users out there?
Replies: 10
Views: 1206

Re: Minimizing income taxes in retirement

Doesn't the jump from 25% to 28% only affect the incremental income? It is not as if your entire income is getting taxed 28% but rather only the extra income which exceeds the 25% threshold limit. Yes only on incremental income and it's only a 3% bracket difference, but if you can manage your way o...
by JW Nearly Retired
Thu Apr 02, 2015 3:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Minimizing income taxes in retirement
Replies: 54
Views: 5116

Re: Advice for My Parents at Retirement

This is a good point. However, their specific situation may reduce what would otherwise be a pretty obvious beneft, assuming they qualify for full deductions of tIRA contributions. Since my folks are 67 and 70, they will have to begin taking required minimum distributions (RMDs) in just a couple ye...
by JW Nearly Retired
Wed Apr 01, 2015 5:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice for My Parents at Retirement
Replies: 10
Views: 1590

Re: Minimizing income taxes in retirement

I believe that the $170,000 yearly income would still be in the 25% bracket, so the answer to my original question would be that we will never be able to lower our income below the 25% bracket. It's worth mentioning that right around $170k is an extremely hazardous income number. If your AGI exceed...
by JW Nearly Retired
Wed Apr 01, 2015 8:38 am
 
Forum: Personal Finance (Not Investing)
Topic: Minimizing income taxes in retirement
Replies: 54
Views: 5116

Re: Minimizing income taxes in retirement

I use the Fidelity Retirement Income Planner (free if you have any Fidelity account) and it includes the taxes on withdrawals from my IRAs. ......... Thanks for the heads up on the Fidelity Retirement Income Planner. We have been customers of Fidelity for 20+ years and never heard of it. We probabl...
by JW Nearly Retired
Wed Apr 01, 2015 7:53 am
 
Forum: Personal Finance (Not Investing)
Topic: Minimizing income taxes in retirement
Replies: 54
Views: 5116

Re: Is this a bad 401K?

No one else in my company sees it that way though. Am I making the right decision not to go along? Other reasons I think it's bad: + No cash investment options for when the market takes a dive + Higher fees than the $10 trades at my online broker - I typically go long, high dividend stocks + Cannot...
by JW Nearly Retired
Tue Mar 31, 2015 8:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is this a bad 401K?
Replies: 23
Views: 1660

Re: Minimizing income taxes in retirement

The retirement and the part time job are enough to fund our expenses and a decent life style. Neither is collecting SS, she doesn't have enough quarters, so she will start collecting spousal benefits at full retirement age of 66 in June 2017. June 2014 estimate for spousal SS benefits in 2017 is $1...
by JW Nearly Retired
Tue Mar 31, 2015 8:48 am
 
Forum: Personal Finance (Not Investing)
Topic: Minimizing income taxes in retirement
Replies: 54
Views: 5116

Re: To convert to Roth IRA from 401(k)

I must have overlooked something. I figured income of $206k. I don't see how that could get to a taxable income as low as you did. Point is the same though - at least some would be converted at 28%. Not a good plan in my opinion. The $206k is with him converting the $53.6k. If he doesn't convert he...
by JW Nearly Retired
Mon Mar 30, 2015 7:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: To convert to Roth IRA from 401(k)
Replies: 12
Views: 1168

Re: To convert to Roth IRA from 401(k)

Salary through April $21,666 new Salary through end of year $ 70,666 wife salary $60,000 401k convert $53,600 Total: $205,932 Given these income facts, agree with others that converting $53.6k to Roth with some in the 28% bracket appears to make no sense. Looks like your new salary + wife salary wi...
by JW Nearly Retired
Mon Mar 30, 2015 5:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: To convert to Roth IRA from 401(k)
Replies: 12
Views: 1168

Re: Deferring SS & IRA distributions until 70 & future taxes

At 70 and older, you'll need to calculate the RMD amount from the age tables, and you'll also have to figure what portion of SS will be taxable . If you want to be conservative, you can assume 85% of your benefit will be taxed, or you can calculate it here: You don't really need to get into the SS ...
by JW Nearly Retired
Mon Mar 30, 2015 1:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Deferring SS & IRA distributions until 70 & future taxes?
Replies: 9
Views: 597
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