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by Minot
Mon May 25, 2015 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: When is it safe to share financial details with gf, future wife
Replies: 53
Views: 4652

Re: When is it safe to share financial details with gf, future wife

And, okay, I'll go ahead and say it: your post begs the question, how good is the communication between you two? Because it seems weird to me that you're planning to marry someone you obviously don't know that much about. Huh?!? OP says "we are on the same page as far as LBYM, investing, no de...
by Minot
Thu May 21, 2015 12:35 pm
Forum: Investing - Theory, News & General
Topic: Investment Priority turned upside down?
Replies: 8
Views: 985

Re: Investment Priority turned upside down?

The usual advice is to favor tax-deferred accounts over taxable. "Investing in a prioritized order will maximize the tax efficiency of a portfolio." https://www.bogleheads.org/wiki/Prioritizing_investments Similar reasoning favors Roth conversions using taxable savings to cover the tax. B...
by Minot
Thu May 21, 2015 10:38 am
Forum: Investing - Help with Personal Investments
Topic: Advice for younger friend
Replies: 11
Views: 761

Re: Advice for younger friend

myrrh wrote:You told him to do this in a Roth IRA, not a taxable account, right?
Assuming he has earned income. Does he have access to a 401K, 403b, etc., and does it provide a match? If so, that should be his choice rather than the Roth, since the match is free money.
by Minot
Mon May 18, 2015 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: Forbes article by Wade Pfau: Improving Retirement Outcomes with Investments, Life Insurance, and Income Annuities
Replies: 41
Views: 3393

Re: Forbes article by Wade Pfau: Improving Retirement Outcomes with Investments, Life Insurance, and Income Annuities

Fortunately, being single and expecting to continue so, I don't have to figure out whether Wade's article has value for me; it clearly does not apply.
by Minot
Sat May 02, 2015 9:47 pm
Forum: Forum Issues and Administration
Topic: Forum is now back ONLINE!
Replies: 45
Views: 1550

Another issue with the new format

I usually have several tabs open, and switch back and forth between them. Up to this point if I was in the Bogleheads Forum, no matter where, the tab read "Bogleheads.org." Now it shows the subject line of the topic, which my 78 year old brain finds confusing. As a browser of Bogleheads wh...
by Minot
Thu Apr 30, 2015 2:59 pm
Forum: Investing - Help with Personal Investments
Topic: Admiral Shares - Is there any disadvantage to them?
Replies: 15
Views: 1372

Re: Admiral Shares - Is there any disadvantage to them?

And my experience has been that if my Admiral fund dips below $10,000 due to market decline (as opposed to my withdrawals), Vanguard has not downgraded it.
by Minot
Thu Apr 23, 2015 7:12 pm
Forum: Personal Finance (Not Investing)
Topic: Rolling An RMD Into A Roth
Replies: 7
Views: 795

Re: Rolling An RMD Inro A Roth

If you're referring to the Amy Chain/Joel Dickenson video dated Mar 23, 2015, he is suggesting using Roth conversions in order to avoid future RMDs, though in context of the discussion, it's not altogether surprising that you didn't pick up on the conversion part. It's clearer in the transcript.
by Minot
Wed Apr 15, 2015 7:52 am
Forum: Personal Finance (Not Investing)
Topic: 2015 tax effects of missed 2014 RMD
Replies: 7
Views: 574

Re: 2015 tax effects of missed 2014 RMD

If you filed the 5329 correctly and advised that you made up the missed 2014 RMD, you will likely never hear further from the IRS and that means the waiver was approved. How the RMD delinquency affects your 2014 or 2015 tax bill has never been a factor in whether the IRS waives the penalty or not. ...
by Minot
Tue Apr 14, 2015 6:24 pm
Forum: Personal Finance (Not Investing)
Topic: 2015 tax effects of missed 2014 RMD
Replies: 7
Views: 574

2015 tax effects of missed 2014 RMD

A little after 2 PM on 12/31, it suddenly hit me that I had neglected to take about $13,000 of RMD on my Vanguard IRA. This would have been no problem if I lived on the East Coast, or even in the CST zone, but I'm in California. I went ahead and ordered the distribution online, but of course, it did...
by Minot
Sun Apr 12, 2015 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: Forgot to take RMD.. now what?
Replies: 29
Views: 3552

Re: Forgot to take RMD.. now what?

Received 2014 RMD confirmation statement from Vanguard Nov 2014. Contacted Vanguard Feb 17, 2015 re: income taxes withheld on RMD and informed Vanguard had not disbursed 2014 RMD. Instructed Vanguard to disburse RMD and withhold associated federal taxes. Was my understanding that distribution would...
by Minot
Sun Mar 29, 2015 7:53 pm
Forum: Investing - Theory, News & General
Topic: MRD and charitable contributions
Replies: 10
Views: 740

Re: MRD and charitable contributions

My understanding is that this option is only available to those required to start RMDs. Is this correct? Ralph Yes, R in RMD stands for Required Minimum Distribution. The "Yes" in this response is correct but the rest of it isn't altogether clear, at least not to me. You have to be at lea...
by Minot
Sun Mar 29, 2015 3:41 pm
Forum: Investing - Theory, News & General
Topic: How to invest to give back?
Replies: 30
Views: 2050

Re: How do you invest to give back?

You can also donate via your IRA. See this IRS website: Charitable Donations from IRAs Unfortunately, this option is currently expired. The House passed a bill (H.R. 644) in February to make it permanent, but the the Senate has yet to act on it. Consider contacting your Senators and/or members of t...
by Minot
Thu Mar 26, 2015 5:31 pm
Forum: Investing - Help with Personal Investments
Topic: A Vanguard transfer issue... Thoughts?
Replies: 12
Views: 1035

Re: A Vanguard transfer issue... Thoughts?

Good for Vanguard, and thanks for posting the outcome.
by Minot
Mon Jan 19, 2015 2:55 pm
Forum: Investing - Help with Personal Investments
Topic: Two CSRS Fed Employees Retiring 2015 - Need Input Please!
Replies: 49
Views: 3737

Re: Two CSR Fed Employees Retiring 2015 - Need Input Please!

tt122209 wrote:Roth Vanguard Total Intl Stock Market Admiral - $120,000 + $6,500 annually
Not sure what you mean by "+$6,500 annually". Once you are retired you will no longer have earned income, so you will not be able to contribute more to your Roth (or any other IRA).
by Minot
Mon Jan 19, 2015 2:25 pm
Forum: Personal Consumer Issues
Topic: Ladybugs! How do I get rid of them!
Replies: 20
Views: 1751

Re: Ladybugs! How do I get rid of them!

Well, it's all relative. I have one that has lived with me for about 3 months now. Her name is Matilda and we get along just fine. She will live to be 2-3 yrs. old. She is far cheaper than our cat re food and kitty litter and she makes less noise. She isn't noisy and doesn't make any demands; she j...
by Minot
Sat Jan 17, 2015 2:10 pm
Forum: Personal Consumer Issues
Topic: Options for moving our pets across country
Replies: 47
Views: 2626

Re: Options for moving our pets across country

Wife and I are retiring and will be moving from Virginia to Oregon next July . This is your major problem. Airlines are unlikely to accept your pet either as cargo or checked baggage. Leaving pets in the SUV while you stop to eat and/or sightsee will likely not be possible, unless you can come up w...
by Minot
Fri Jan 16, 2015 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: This topic is causing stress in marriage we need some help
Replies: 81
Views: 7747

Re: This topic is causing stress in marriage we need some he

I think the part time stay at home instead of working more full time Dad has not made it clear why it's necessary for him to do that vs. the child having some perhaps more advantageous time in a socialized setting in day care. I only work part time right now because I still need to be here at home ...
by Minot
Tue Jan 06, 2015 5:35 pm
Forum: Investing - Help with Personal Investments
Topic: Help my 67 y/o mother retire
Replies: 14
Views: 1967

Re: Help my 67 y/o mother retire

Assuming that she actually wants your advice, you need to start by finding out what it's costing her to have her assets managed the way she's got them. Talk with her about Fidelity's costs, since she doesn't have the same emotional connection there. Fido's website says their adviser's fee varies bet...
by Minot
Sat Jan 03, 2015 3:40 pm
Forum: Investing - Help with Personal Investments
Topic: Where does someone in their mid-20s with $5000 start?
Replies: 30
Views: 2700

Re: Where does someone in their mid-20s with $5000 start?

Hi, I'm 31 now with around 100k on a middle class income and started reading this forum and focusing on personal finance in my mid 20s. I remember accumulating specifically my first 5k and wondering what to do. I ended up using it to pay off a student loan of about that much. I think the hard thing...
by Minot
Sat Dec 06, 2014 12:43 am
Forum: Investing - Help with Personal Investments
Topic: Do RMDs at 30 years old affect typical investment guidelines
Replies: 13
Views: 1702

Re: Do RMDs at 30 years old affect typical investment guidel

Most of my angst comes from what will happen when the RMDs get into the 6 figures, and really what I should be doing now to minimize my tax liability. Be sure that your RMD numbers are correct. If your RMD's will actually be that large then there could be significant estate tax issues that might be...
by Minot
Sat Nov 22, 2014 12:07 am
Forum: Investing - Help with Personal Investments
Topic: Help with Mom's portfolio
Replies: 19
Views: 2927

Re: Help with Mom's portfolio

You didn't post the ticker symbols for Vanguard Institutional Index Fund (.04%) Vanguard Mid-Cap Index fund (.08%) Vanguard Small-Cap Growth Index Fund (.08%) Vanguard Small-Cap Value Index Fund (.08%) but some combination of them will duplicate the Total Stock Market Index Those in combination wit...
by Minot
Wed Nov 19, 2014 3:46 pm
Forum: Investing - Help with Personal Investments
Topic: Sanity check please
Replies: 3
Views: 542

Re: Sanity check please

Have you read the Wiki on tax-adjusted asset allocation?
by Minot
Thu Oct 30, 2014 11:18 pm
Forum: Personal Finance (Not Investing)
Topic: That stress-relieving thing you do at work
Replies: 45
Views: 2969

Re: That stress-relieving thing you do at work

JupiterJones wrote:Mindfulness Meditation.

^This.
I've found this websitefrom UCLA's Mindful Awareness Research Center very useful.
by Minot
Tue Oct 14, 2014 7:07 pm
Forum: Investing - Help with Personal Investments
Topic: Need dispensation to pay ROTH conversion taxes from tIRA
Replies: 25
Views: 880

Re: Need dispensation to pay ROTH conversion taxes from tIRA

One reason for paying the taxes out of pocket is that it effectively lets you put more of your money into a tax-advantaged retirement plan than you'd otherwise have. But unless you have such a huge amount in your tax-deferred retirement plans that you'll be forced into a higher tax bracket when the...
by Minot
Wed Oct 08, 2014 11:37 pm
Forum: Investing - Help with Personal Investments
Topic: Retiring early, but where dump 401k for yearly withdrawal?
Replies: 32
Views: 3598

Re: Retiring early, but where dump 401k for yearly withdrawa

Do you have a degree? If you get bored (after hanging out at the beach all day). You can get a part time job teaching English in the evening. It will be only a few hours but you will meet good people while making some money. You get pay more if you have a bachelor degree. Yes, I have a Master's deg...
by Minot
Sun Oct 05, 2014 2:06 pm
Forum: Investing - Help with Personal Investments
Topic: Roth conundrum
Replies: 13
Views: 1799

Re: Roth conundrum

At this point, it is not a big deal for me because I currently plan to have the assets invested identically. But I do hope to roll the Roth proceeds (only) out of the 403b into a Roth IRA prior to turning 70 1/2, so I don't have RMDs on the Roth balance. I hope that will be possible. Another possib...
by Minot
Sat Oct 04, 2014 7:29 pm
Forum: Personal Consumer Issues
Topic: Critically Acclaimed Movies you did not like
Replies: 150
Views: 19876

Re: Critically Acclaimed Movies you did not like

Blue Jasmine
The Descendants
by Minot
Sat Oct 04, 2014 7:08 pm
Forum: Investing - Help with Personal Investments
Topic: GF leaving advisor, help needed
Replies: 22
Views: 2719

Re: GF leaving advisor, help needed

2. Will VG rollover the two existing IRAs into 1 IRA?? What fees are involved in this transaction?? The new IRA would be valued at $240K. I think so, but you have to be very careful with transferring when things are more complicated. You might also find out if present 401k will accept old 401ks. Th...
by Minot
Sat Oct 04, 2014 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: Is my husband a spendthrift? Or I a tightwad?
Replies: 198
Views: 18867

Re: Is my husband a spendthrift? Or I a tightwad?

You might want to check out this Freakonmics podcast regarding teaching kids a foreign language. They basically think it's a waste of time and money. How often do you and your husband use that skill? http://freakonomics.com/2014/03/06/is-learning-a-foreign-language-really-worth-it-a-new-freakonomic...
by Minot
Mon Sep 29, 2014 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: See both financial advisor and elder law lawyer for Mom?
Replies: 45
Views: 2841

Re: See both financial advisor and elder law lawyer for Mom?

I don't think I would feel good about ending up with the money my Mom gifted me or tucked away in a trust for me to inherit if it meant she spent the last few years of her life in a Medicaid facility. I really would prefer that she use that money to make those years better for herself.
by Minot
Sun Sep 28, 2014 5:18 pm
Forum: Personal Finance (Not Investing)
Topic: Those under 35 with a child 5 or under: Costs of child?
Replies: 58
Views: 5093

Re: Those under 35 with a child 5 or under: Costs of child?

Tyrobi wrote:
Anyway, the costs of children vary for each family. In our case, we sacrifice 6% of our annual income for the kids.

I assume this does not include the current loss of income for your SAHM wife, nor the possible (probable?) reduction in her future earning power due to time out of the market.
by Minot
Tue Sep 23, 2014 10:04 pm
Forum: Personal Finance (Not Investing)
Topic: Sale of a home between boyfriend and girlfriend.
Replies: 79
Views: 6438

Re: Sale of a home between boyfriend and girlfriend.

Just a quick update. First off thank you for all the responses, it has really helped her decide what to do. She listed the house today with a realtor for $360,000.00 and they paid $240,000.00 two years ago. I told her to make sure this listing price is in line with comp's in the area, so that he do...
by Minot
Sat Sep 20, 2014 4:32 pm
Forum: Personal Consumer Issues
Topic: How to arrange 1 or 2-month rentals?
Replies: 2
Views: 454

Re: How to arrange 1 or 2-month rentals?

Airbnb also has quite a few monthly rentals, such as this three bedroom house in the Vancouver area for $1400/month.
by Minot
Tue Sep 16, 2014 6:47 pm
Forum: Investing - Help with Personal Investments
Topic: Allocation plan that hedges for potential large inheritence
Replies: 7
Views: 603

Re: Allocation plan that hedges for potential large inherite

I would move forward as though there is no inheritance. Because you don't know if there will be. My father's aunt was quite wealthy, widowed, and childless. She had my father and a handful of other nieces/nephews she was close to. My father never counted on getting anything but his aunt had told hi...
by Minot
Mon Sep 15, 2014 10:56 pm
Forum: Personal Finance (Not Investing)
Topic: Rental property with in-laws: please help!
Replies: 128
Views: 8800

Re: Rental property with in-laws: please help!

OK, OP, you have lots to digest from the above posts. I will add a few more. 1. You stated above you and wife have NOT taken depreciation. a. If this is true, that is colossally unfortunate, because even if you have not taken it, the IRS will make you pay recapture tax at 25% on the depreciation yo...
by Minot
Mon Sep 15, 2014 7:09 pm
Forum: Personal Finance (Not Investing)
Topic: Rental property with in-laws: please help!
Replies: 128
Views: 8800

Re: Rental property with in-laws: please help!

...I'm assuming their property management company that they own is deducting other items such as the cost of management and depreciation. Maybe they are using it to claim a loss, I don't know. You also assumed that the HELOC was used to fund the in-laws business, when in fact it was used to fund th...
by Minot
Sun Sep 14, 2014 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited 403b - lump sum?
Replies: 16
Views: 770

Re: Inherited 403b - lump sum?

If she has sufficient taxable assets to pay her bills, why would you want to take the tax hit now? OP said: We are considering the lump sum distribution option on the 403b. Any income to declare as a result of the distribution would be offset by the large healthcare deductions. So we believe no tax...
by Minot
Fri Sep 12, 2014 2:48 pm
Forum: Personal Consumer Issues
Topic: Great deal for new Costco members
Replies: 18
Views: 3116

Re: Great deal for new Costco members

FullYellowJacket wrote:DW really loves her toilet paper; she uses a couple rolls a week! :oops:

Why are you slapping yourself?
by Minot
Wed Sep 10, 2014 1:18 pm
Forum: Investing - Help with Personal Investments
Topic: First post, Investment Questions
Replies: 31
Views: 1325

Re: First post, Investment Questions

... I can be a little more risky right now. Since this money isn't NEEDED, I feel like I can be risky. I got this money from a car accident. I hadn't planned on having this for retirement, so it's a bonus. Now I don't wish to be stupid with it, but I feel that because I got it without necessarily h...
by Minot
Fri Sep 05, 2014 7:38 pm
Forum: Investing - Help with Personal Investments
Topic: Help! Need to Calculate Money Owed To Me
Replies: 32
Views: 4078

Re: Help! Need to Calculate Money Owed To Me

Thanks Neurosphere, I will come back and report how it all ends. My friend is a professor and is very absent-minded about things that most people could never forget. So it really is plausible that he really did forget about it. (I'm a professor too and even more absent-minded than he is. That's why...
by Minot
Wed Sep 03, 2014 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: Need good bank for 84y.o. ma who doesn't want online banking
Replies: 16
Views: 1045

Re: Need good bank for 84y.o. ma who doesn't want online ban

My Credit Union statement is quite clear and easy to understand, as is my CitiBank one. Both are free.
by Minot
Mon Sep 01, 2014 9:09 pm
Forum: Investing - Help with Personal Investments
Topic: Hello new to the boards [If retirement funds not used up?]
Replies: 24
Views: 2023

Re: Hello new to the boards [If retirement funds not used up

Are you by any chance quite young? Don't forget those numbers you have calculated probably do no account for inflation. Or the possibility that for unforseen reasons you will not be able to continue saving as much, or that you might want to retire early, or that you might have a special needs child...
by Minot
Mon Sep 01, 2014 8:57 am
Forum: Investing - Help with Personal Investments
Topic: Where to withdraw?
Replies: 12
Views: 926

Re: Where to withdraw?

What account(s) does she think/feel should be drawn on?
by Minot
Fri Aug 29, 2014 8:59 pm
Forum: Personal Finance (Not Investing)
Topic: My husband's " WILL", $ left for me to live on....
Replies: 258
Views: 18912

Re: My husband's " WILL", $ left for me to live on....

1.I was working when I got married, stopped working when child turned 2years old to become stay home mom. I think part of reason was child care was costing a lot if I continued working and we thought it was best mother take care of the house hold and child. 2. Good question, he does LOVE me. And I ...
by Minot
Fri Aug 29, 2014 7:03 pm
Forum: Personal Finance (Not Investing)
Topic: Help out family without compromising my own retirement?
Replies: 72
Views: 6936

Re: Help out family without compromising my own retirement?

Although over 65, are either of your parents capable of working, at least part time? And is there someone in your life that you would be able to talk this over with? This is a hard thing to deal with.
by Minot
Sat Aug 23, 2014 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Signing up for medicare Oct 1
Replies: 34
Views: 3268

Re: Signing up for medicare Oct 1

tc101 Have you looked into Kaiser Permanente Advantage Plan? They cover the Atlanta area. https://healthy.kaiserpermanente.org/health/care/poc/!ut/p/a1/fZDBToNAEIafpQeOMEOpDXqDmhqoVWut4l7MQgfYFHfJdCXh7YXGmpioc5uZL9-fGRCQgdCyU5W0ymjZjL2Yvy3T7X0c-xFinM4wWUd3jxdpiog-pCCqxuQn9HXK68W6AtFKW7tKlway1hTjpra...
by Minot
Wed Aug 20, 2014 4:17 pm
Forum: Personal Finance (Not Investing)
Topic: Kaiser vs Blue Shield
Replies: 83
Views: 7530

Re: Kaiser vs Blue Shield

I believe I have something valuable to add, but it’s possible that some might think this post is too political. I will do my best to be even-handed. I am retired from a thirty-year career as a medical subspecialist, and have worked in a group practice, a university practice and a solo shop. In my l...
by Minot
Wed Aug 20, 2014 3:27 pm
Forum: Personal Consumer Issues
Topic: Driving Trip Planning
Replies: 46
Views: 2704

Re: Driving Trip Planning

MS Streets & Trips. You can do a 14day free trial and see if it's worth it to you to purchase it. On the Route Planner, click on More Options, then select the Profile tab. It will let you input your start and end times for each day, plus length and frequency of stops in between.

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