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Re: How Helpful Are FP Certificate Courses?

Probably not worth your time. If it's a CFP prep course the focus will be on exam topics not real life topics. Only a fraction of financial planning has to do with investments and you'll get zero out of the investment material. Taxes and estate planning would be quite interesting but I don't know if...
by MN Finance
Fri Jan 23, 2015 3:51 pm
 
Forum: Investing - Theory, News & General
Topic: How Helpful Are FP Certificate Courses?
Replies: 2
Views: 313

Re: Any Variable Annuity have lower fees than Vanguard's?

VG is probably the lowest cost, so just stop looking especially if you have your other money there. Jefferson National is excellent as well and very near VGs cost. They will be superior on customer service and have additional investment options available (like DFA.) TIAA CREF does NOT offer low cost...
by MN Finance
Wed Jan 21, 2015 12:08 pm
 
Forum: Investing - Theory, News & General
Topic: Any Variable Annuity have lower fees than Vanguard's?
Replies: 8
Views: 832

Re: filling a tax return for 2011

Raladic wrote:You're too late.
The IRS only accept returns for the last 3 tax years (which would now be 2014, 2013, 2012).

There's no way that's true
by MN Finance
Tue Jan 20, 2015 7:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: filling a tax return for 2011
Replies: 5
Views: 277

filling a tax return for 2011

My kids have all had SE income reported on 1099s through the last several years. In some cases when the amounts were small I didn't file a return for them, when it was above $400 I did file. I just realized that I missed a year when one of them earned something over $1000. Since its 1099 income, at ...
by MN Finance
Tue Jan 20, 2015 7:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: filling a tax return for 2011
Replies: 5
Views: 277

Re: backdoor roth when under AGI limit

I called Vanguard about this topic. They told me you can fund a traditional IRA anytime (assuming you don't hold any other IRA), and convert it over to a Roth. I wanted to go ahead and fund my 2015 Roth now instead of waiting till Dec to determine my MAGI. He said go ahead and fund the traditional ...
by MN Finance
Tue Jan 20, 2015 1:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: backdoor roth when under AGI limit
Replies: 16
Views: 1179

Re: is the pitch for index-based annuities childish?

i know index annuities are a hot topic right now, but it really struck me: isn't the entire premise childish? you're hoping for equity-like returns with no risk and no volatility? isn't this the investing equivalent of buying magic beans? You are paying 1%-1.5% option fee. Total fees will be quite ...
by MN Finance
Mon Jan 19, 2015 10:09 pm
 
Forum: Investing - Theory, News & General
Topic: is the pitch for index-based annuities childish?
Replies: 15
Views: 774

Re: backdoor roth when under AGI limit

What's the rush? Just wait until you know your income. April 15th seems to come about the same time each year. Yes, it matters. If you make a deductible 2014 contribution today, you get a tax deduction for 2014. If you then convert those dollars today to a Roth, you just realized a 2015 taxable conv...
by MN Finance
Mon Jan 19, 2015 9:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: backdoor roth when under AGI limit
Replies: 16
Views: 1179

Re: Simple SS Question

I'm not sure what you're saying except that if the PIA is 700, filing at 64 wouldn't give that. I understand that. My question is more as it relates to the ability to take spousal benefits which are (an unimportant amount) higher.
by MN Finance
Mon Dec 22, 2014 10:32 am
 
Forum: Personal Finance (Not Investing)
Topic: Simple SS Question
Replies: 3
Views: 553

Simple SS Question

Spouse 1: Age 64, PIA: 700 Spouse 2: Age 64, PIA: 2400 I'm giving a talk to a couple employees this morning in our company retirement workshops regarding SS and momentarily had a lapse. Am I remembering this correctly? If spouse 1 is currently retired and spouse 2 continues to work: Spouse 1 claims ...
by MN Finance
Mon Dec 22, 2014 9:32 am
 
Forum: Personal Finance (Not Investing)
Topic: Simple SS Question
Replies: 3
Views: 553

Re: CRUT/CRAT [how to set up charitable trust?]

I would consider whether I could achieve my philanthropic goals with a donor-advised fund. That's certainly on the list, but a charitable remainder trust is a better fit assuming the administration is reasonable. I looked into setting one up several years ago. They're not terribly straightforward, ...
by MN Finance
Tue Dec 09, 2014 9:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: CRUT/CRAT [how to set up charitable trust?]
Replies: 6
Views: 363

CRUT/CRAT [how to set up charitable trust?]

Beyond google, curious if someone can give any considerations for how to most efficiently set up a charitable trust. 1) are good template documents available in the public domain? 2) do we need a 3rd party to act as trustee? 3) does it require an additional tax return (hoping to set it up so it does...
by MN Finance
Tue Dec 09, 2014 2:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: CRUT/CRAT [how to set up charitable trust?]
Replies: 6
Views: 363

Re: UTMA Variable Annuity - Early Retirement Planning

So, first this is absolutely NOT a stupid idea, but I'm sure you are already ignoring posts with no supporting information. That said, I think this only viable if all other options are already exhausted: you're fully funded for retirement and other goals, 529s fully or over funded, money set aside f...
by MN Finance
Wed Oct 29, 2014 1:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: UTMA Variable Annuity - Early Retirement Planning
Replies: 11
Views: 500

Re: Car Rental Return Frustration in Spain

I think that's a rather good story. I bet you tell it well at the end of a dinner party with friends, and the tale will probably grow as the years go by. Imo, this is what makes travel exciting. Joining the gray hairs on the cruise ship and charter bus avoid this, and is another option, then again n...
by MN Finance
Wed Oct 29, 2014 7:11 am
 
Forum: Personal Consumer Issues
Topic: Car Rental Return Frustration in Spain
Replies: 17
Views: 1627

Re: Prudent Investment Portfolio for 58-year Old w/20M Net W

This might or might not turn into a 40 post thread, but regardless there's absolutely no way to give any meaningful advice given the information. There are a dozen questions to ask, which could result in dozens of pieces of advice that together form a reasonable plan. If I posted a question on webMD...
by MN Finance
Tue Oct 28, 2014 12:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Prudent Investment Portfolio for 58-year Old w/20M Net Worth
Replies: 39
Views: 4927

Re: Marginal Tax Rate on Dual Income Couple

If the first spouse makes 600, then marginally speaking, adding income for the second spouse will obviously be taxed at 50% (top bracket, state, fica.) If you think that's a bad idea, then so be it. Doing it in theory is unnecessary, however, because just take your current return and add the income ...
by MN Finance
Fri Oct 24, 2014 7:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Marginal Tax Rate on Dual Income Couple
Replies: 13
Views: 1267

Re: 457b Question

457: can't access money in any way for any reason prior to separation of service, but can withdraw at any age without penalty after separation. 403: can access money while still employed via a hardship withdrawal or loans, or attainment of age 59.5. But normal withdrawals have a penalty before 59.5 ...
by MN Finance
Fri Oct 24, 2014 12:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: 457b Question
Replies: 10
Views: 761

Re: Daycare educational material for 3 year old

As the child of two parents who spent their careers as experts in child development, I can tell you that "play" is the primary, if not exclusive, method of learning for a 3 year old. This clearly doesn't mean chaos, but it also doesn't mean the use of educational concepts. There is no harm...
by MN Finance
Thu Oct 23, 2014 12:35 pm
 
Forum: Personal Consumer Issues
Topic: Daycare educational material for 3 year old
Replies: 10
Views: 915

Re: Question about stocks and taxes

The exception to a merger/buyout not being a taxable event is if it's a tax "inversion" that's been in the news lately. MDT for example. Those are taxable events.
by MN Finance
Wed Oct 15, 2014 1:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: Question about stocks and taxes
Replies: 4
Views: 547

Re: Dry Powder, When to Start Value Averaging In?

Nearly 55, most likely will be retiring in less than a year. My question, looks like I will have 50 to maybe 100K after tax money that I'd like to put somewhere. Emergency fund is covered, won't need the money for a year or two, possibly more. Before this minor correction I was hanging on for anoth...
by MN Finance
Tue Oct 14, 2014 12:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Dry Powder, When to Start Value Averaging In?
Replies: 23
Views: 2289

Re: Question re: RMD

Clearly you can historically "prove" that the market is better in December than January because the market is higher more than 50% of the days, months, and years. So if you're looking at long term, big picture, out should turn out slightly better to take every December. Now, how much of a ...
by MN Finance
Tue Oct 14, 2014 12:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Question re: RMD
Replies: 19
Views: 1560

Re: Tax shielding questions

Get married, have kids, get a big mortgage: 1) you'll pay next to nothing in tax on 100k, 2) 100k will barely pay the bills. Appreciate where you are.
by MN Finance
Sat Oct 11, 2014 5:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tax shielding questions
Replies: 11
Views: 1303

Re: Calculating RMDs

The RMD is based on the balances to start the year and the ages attained by the end of the year. In most cases the uniform table is used. If the spouse is more than 10 years younger then the joint table is used which makes the RMD very slightly less to better protect the interests of the younger spo...
by MN Finance
Sat Oct 11, 2014 5:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Calculating RMDs
Replies: 14
Views: 1994

Re: Dividends from Index Funds

My assumption is that you're thinking one question, but actually asking another. You're asking about "yield" but that's not what you mean. Yield is a figure you look up online. You know what that is already. What are you asking?
by MN Finance
Fri Oct 10, 2014 7:22 pm
 
Forum: Investing - Theory, News & General
Topic: Dividends from Index Funds
Replies: 5
Views: 1146

Re: Wells Fargo Advisor Sales Load/Fee Question

Brokers charge commissions. Online brokers charge less. Best buy sells tvs, Amazon sells them cheaper online. Not sure what the confusion is.
by MN Finance
Fri Oct 10, 2014 5:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: Wells Fargo Advisor Sales Load/Fee Question
Replies: 6
Views: 488

Re: Small Cap Value for Schwab accounts

Spiders are transaction free, so SLYV
by MN Finance
Thu Oct 09, 2014 6:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: Small Cap Value for Schwab accounts
Replies: 7
Views: 479

Re: Tax question charity golf

The deduction would be the amount above the value of the product/service you received in exchange. Typically events like this tell you the retail value of the round/event and then a receipt. If not I'd just estimate it and deduct it.
by MN Finance
Mon Oct 06, 2014 8:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tax question charity golf
Replies: 5
Views: 920

Re: A "somewhat involved" RMD question

Correct. Your 401 is all set. Your IRA is not satisfied. You can choose to push it to next year plus the total 2015 RMD for both the old 401 and original IRA.
by MN Finance
Thu Oct 02, 2014 9:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: A "somewhat involved" RMD question
Replies: 10
Views: 842

Re: A "somewhat involved" RMD question

Shawcroft - I believe you can postpone the whole issue till 2015, which is not that far away. But sorry, my eyes glazed over the "involved" parts so do not rely on me. Yes, you can delay the IRA RMD to next year, which may make sense in this case if the NAU distribution was fairly large, ...
by MN Finance
Thu Oct 02, 2014 6:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: A "somewhat involved" RMD question
Replies: 10
Views: 842

Re: A "somewhat involved" RMD question

You have RMDs due based on what the accounts looked like at the beginning of the year regardless of what you do with them later in the year. If you had a 401k of $10k on 1/1/14, then you have to take 1/26th (whatever your divisor is) from the 401k. You can't roll the 401k to an IRA on 1/2/14 and the...
by MN Finance
Thu Oct 02, 2014 2:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: A "somewhat involved" RMD question
Replies: 10
Views: 842

Re: Lower risk & return if equity allocation is below 30-40%

Since you're not reading my post, I won't continue to restate the same point. If you happen to be the only investor I know to hold the s&p and 5 year treasuries, then looks like you get a free lunch. For the rest of the world, it doesn't exist. Once you take enough term risk you can add anything...
by MN Finance
Wed Oct 01, 2014 8:04 pm
 
Forum: Investing - Theory, News & General
Topic: Lower risk & return if equity allocation is below 30-40%?
Replies: 19
Views: 1265

Re: Lower risk & return if equity allocation is below 30-40%

A graph without source doesn't help. To repeat, a diversified portfolio historically doesn't show any free lunch. It's a very linear, intuitive relationship. When I say diversified I mean something far beyond a 2 fund portfolio which it assuredly what these sourceless charts represent.
by MN Finance
Wed Oct 01, 2014 4:18 pm
 
Forum: Investing - Theory, News & General
Topic: Lower risk & return if equity allocation is below 30-40%?
Replies: 19
Views: 1265

Re: Lower risk & return if equity allocation is below 30-40%

In theory the efficient frontier graph curves inward at low stock allocations below 15 or 20 percent (free lunch), but in practice a diversified portfolio has not historically behaved that way. I don't think I've ever seen a chat exhibit this excerpt for one that just displays the s&p and treasu...
by MN Finance
Wed Oct 01, 2014 12:16 pm
 
Forum: Investing - Theory, News & General
Topic: Lower risk & return if equity allocation is below 30-40%?
Replies: 19
Views: 1265

Re: Worth converting from single member LLC to S-Corp?

Just to clarify, if anyone cares, you don't choose between an LLC and and S Corp. You have an LLC. You then decide how you want the LLC to be taxed. It could be taxed in a few ways: as a partnership or a corporation.. You file an election with the IRS letting them know your choice. You have to file ...
by MN Finance
Tue Sep 30, 2014 7:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Worth converting from single member LLC to S-Corp?
Replies: 12
Views: 1213

Re: Federal gift tax implications question

Sscritic PMd me and referenced sources indicating the retitling was not a gift. I agree that research sources almost equally indicate it both ways. I suspect in this case it probably didn't matter one way or another because as we sit here today it's not a gift tax question anyway.
by MN Finance
Sat Sep 27, 2014 10:39 am
 
Forum: Personal Finance (Not Investing)
Topic: Federal gift tax implications question
Replies: 6
Views: 555

Re: Federal gift tax implications question

The retitling of the account was a gift. That's a totally separate issue than your question "does he still have to pay Federal Gift Taxes..." If gift taxes are due, they're due in the year of the gift. At death, it's no longer a gift tax question. The deceadants share of the account is inc...
by MN Finance
Sat Sep 27, 2014 9:55 am
 
Forum: Personal Finance (Not Investing)
Topic: Federal gift tax implications question
Replies: 6
Views: 555

Re: Can Employer send their Contribution to Traditional IRA?

Why, can and should are all different questions. The answers are who knows, yes, and probably not.
by MN Finance
Sat Sep 27, 2014 9:48 am
 
Forum: Investing - Theory, News & General
Topic: Can Employer send their Contribution to Traditional IRA?
Replies: 11
Views: 906

Re: EJ Gadflies [Edward Jones]

Sorry, not offended. Just pointing out myopic assumption that a 20 something should already understand everything about the world he lives in. I didn't when I got my first job ( but I'm slower than most). It sure doesn't make him dishonest or the equivalent of a gadfly. Let's poll the "respecte...
by MN Finance
Tue Sep 16, 2014 6:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: EJ Gadflies [Edward Jones]
Replies: 64
Views: 6978

Re: EJ Gadflies [Edward Jones]

Some motivated kid shows up and calls a couple times and this is the reaction? Would you have the same reaction if he was selling kirby vacuums, steaks or firewood? I think not. You'd think, good for this young man doing his best to make something of himself and take care of his family. We should al...
by MN Finance
Tue Sep 16, 2014 4:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: EJ Gadflies [Edward Jones]
Replies: 64
Views: 6978

Re: 529 Beneficiary Change Tax Implication Question

I suggest you search some past threads because there have been lots of detailed discussions with knowledgeable posters. Part of the confusion is that most sources, including the one you cited mention 3 different taxes with modest distinction: gift tax, gst tax, and income tax. Obviously you're conce...
by MN Finance
Mon Sep 15, 2014 5:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: 529 Beneficiary Change Tax Implication Question
Replies: 4
Views: 421

Re: VDE [for 5% "casino money"?]

If you're going to gamble, then actually gamble and pick a couple risky stocks. If you're not, then this is just mild entertainment who's impact will barely be noticeable one way or the other a decade from now. Fine, but barely entertaining.
by MN Finance
Sat Sep 13, 2014 12:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: VDE [for 5% "casino money"?]
Replies: 11
Views: 1041

Re: Gifting planning for upper 60s widowed.

I don't understand why estate taxes are mentioned at all since it's irrelevant to the proposed question. Second, I don't understand how anyone can opine that this is either a good or bad idea without providing some data/calculations. Gut feeling is no way make these decisions. As I've said, it's not...
by MN Finance
Sat Sep 13, 2014 12:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Gifting planning for upper 60s widowed.
Replies: 30
Views: 2372

Re: Ethics of Multi-Generational Tax Optimization

What kind of numbers are we talking about? That age filling single with RMDs and any sizeable portfolio gets up in tax brackets pretty quick. First, you need to run tax projections to really see what the marginal rate is. Second, you might pay tax at a higher rate today for him than in, say 5 years,...
by MN Finance
Fri Sep 12, 2014 8:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Ethics of Multi-Generational Tax Optimization
Replies: 23
Views: 1889

Re: Gifting planning for upper 60s widowed.

It's obviously a simple question. Can mom cover all of her future expected expenses in all market conditions with a portfolio size = today - future gifts. I don't think we can answer it given the data, but I'm sure you could (btw, of course how the portfolio is invested indeed is a major factor in h...
by MN Finance
Fri Sep 12, 2014 8:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Gifting planning for upper 60s widowed.
Replies: 30
Views: 2372

Re: Feeling smug until 10 year ROR from Vanguard

No, I get the return data obviously. I wasn't understanding the sentiment. Is that good? Bad? 10 years spanning one of the worst crashes in history and one of the steepest recoveries ever. Who knows if the OP thinks 5% per annum is good/bad.
by MN Finance
Fri Sep 12, 2014 8:23 pm
 
Forum: Investing - Theory, News & General
Topic: Feeling smug until 10 year ROR from Vanguard
Replies: 81
Views: 8022

Re: Three shares of stock, what to do with them?

You own them in certificate form, not electronic form. Computer share also keeps a record and sends you a statement. You can only transact business with the stocks by physically presenting the certs. If you lose them, they can be replaced (probably for 50/ea). Computer share is paid by the company t...
by MN Finance
Fri Sep 12, 2014 7:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: Three shares of stock, what to do with them?
Replies: 10
Views: 780

Re: The dangerous practice of rebalancing...

At the very best this could be a strategy for someone in/near retirement and fully funded. For most this is garbage. The problem is that it ignores the very risk it purports to protect against. If I'm 70 and live on social security and pension and need just 10k/year from my million dollar portfolio,...
by MN Finance
Fri Sep 12, 2014 5:59 pm
 
Forum: Investing - Theory, News & General
Topic: The dangerous practice of rebalancing...
Replies: 191
Views: 15301

Re: Opinions on Social Index Fund (VFTSX)?

I agree with the opinions expressed that *some* SRI investors may eventually find it more fruitful to invest in board based funds without screens and then direct the potential out performance of the index fund and guaranteed ER savings and donate that money to local causes we support. That said, tha...
by MN Finance
Sat Sep 06, 2014 10:56 pm
 
Forum: Investing - Theory, News & General
Topic: Opinions on Social Index Fund (VFTSX)?
Replies: 19
Views: 1647

Re: Question: How to Design an Aggressive 2 Year Portfolio?

This is a poorly set up question. It's financial advice in a box, a small blind box. Finance is all about solving multiple problems with multiple variables by deploying a strategy with the best odds of success. With the information provided, it's like asking my doctor how I can add 8lbs of muscle ma...
by MN Finance
Sat Sep 06, 2014 7:12 pm
 
Forum: Investing - Theory, News & General
Topic: Question: How to Design an Aggressive 2 Year Portfolio?
Replies: 30
Views: 1476
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