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Re: What have you done to cut costs this year?

[quote="sailfish2"][quote="investor1"][quote="TRC"] I buy a lot of clothing and shoes on Ebay (even nice designer brands) for way less than at the store.[/quote] Getting out of my ebay membership saves me a lot as I am no longer making so many impulse purchases justifie...
by Naikansha
Sun Oct 12, 2014 10:35 pm
 
Forum: Personal Consumer Issues
Topic: What have you done to cut costs this year?
Replies: 105
Views: 8031

Re: Thoughts of a long-term investor

I have just tried again. Here's what I hope is the working link:

http://news.morningstar.com/articlenet/ ... 194174.xml

If it doesn't work, you can go to Morningstar.com yourselves. Thanks for your patience.
by Naikansha
Sat Jul 19, 2014 10:31 pm
 
Forum: Investing - Theory, News & General
Topic: Thoughts of a long-term investor
Replies: 7
Views: 1006

Thoughts of a long-term investor

Jeremy Grantham has written a description of his 47 years of investing and included his thoughts on the present situation. It's very much worth reading.

I have used the useable link in my post below.
by Naikansha
Sat Jul 19, 2014 9:36 pm
 
Forum: Investing - Theory, News & General
Topic: Thoughts of a long-term investor
Replies: 7
Views: 1006

Re: Moving money from custodial brokerage account to 529

I don't live in Utah but have used their 529 plans for my grandchildren for a number of years even though I no longer get any tax benefit from my state of residence. The accounts you can select from use Vanguard Funds and have low fees. There are many choices and they will help you understand which ...
by Naikansha
Fri May 30, 2014 8:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: Moving money from custodial brokerage account to 529
Replies: 13
Views: 458

Re: Where can I see my personal rate of return using Vanguar

Have you gone to 'performance details' after the personal performance tab?
by Naikansha
Fri May 30, 2014 6:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: Where can I see my personal rate of return using Vanguard?
Replies: 17
Views: 1846

Re: Cordless vacuum cleaners

I like my Black and Decker very much - very easy to clean and recharge and it's an excellent tool for keeping the car free of dirt and dust.
by Naikansha
Tue Apr 29, 2014 10:48 pm
 
Forum: Personal Consumer Issues
Topic: Cordless vacuum cleaners
Replies: 8
Views: 554

Re: Doesn't Matter - Does Matter - Good Post by Ben Carlson

Here we see that the notion of 'emotional intelligence' is firmly fitted into an American cultural scenario: it builds flourishing careers, enables success (in work and play), long lasting relationships, helps one to love and be loved, etc. I haven't read the book but what I don't see in Goleman's l...
by Naikansha
Mon Apr 21, 2014 8:23 pm
 
Forum: Investing - Theory, News & General
Topic: Doesn't Matter - Does Matter - Good Post by Ben Carlson
Replies: 58
Views: 6517

Re: If you have ACA health insurance, what is your experien

My son, a graduate student in California with a preexisting condition now has a silver plan with a very low premium. This is the best insurance he has ever had while living away from family. He is quite pleased.
by Naikansha
Mon Apr 21, 2014 12:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: If you have ACA health insurance, what is your experience?
Replies: 222
Views: 16684

Re: how to use non-deductible TIRA contributions

thanks to you both for your help.
by Naikansha
Mon Feb 03, 2014 10:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: how to use non-deductible TIRA contributions
Replies: 3
Views: 229

how to use non-deductible TIRA contributions

Last year I submitted IRS forms 8606 (Non-deductible IRAs) establishing non-deductible contributions to traditional IRA accounts for nine years. These forms were submitted to show my total basis, as last year I took my first Required Minimum Distribution. These non-deductible contributions were subs...
by Naikansha
Mon Feb 03, 2014 8:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: how to use non-deductible TIRA contributions
Replies: 3
Views: 229

Re: Wiki - Convertible Securities

I fully agree with you and with Larry's opinion. I hope I haven't been put into a 'recommends preferreds' box.
by Naikansha
Mon Jan 27, 2014 12:49 am
 
Forum: Investing - Theory, News & General
Topic: Wiki - Convertible Securities
Replies: 14
Views: 810

Re: Wiki - Convertible Securities

LadyGeek: Thanks for putting this new wiki section together. I just came across an earlier article from April, 2013 written by Oaktree Capital Management's Larry Keele who manages the Vanguard fund and Vanguard Advice Services leader Karin Risi who discusses the place of these securities in a divers...
by Naikansha
Sun Jan 26, 2014 11:22 pm
 
Forum: Investing - Theory, News & General
Topic: Wiki - Convertible Securities
Replies: 14
Views: 810

Re: Can you talk me out of Preferred Stocks?

Investors should also take care to know just what is in a fund they own, and not just rely on the fund name. I was interested to see in today's article by Morningstar's Josh Peters that in 2009 he had bought preferred stocks for his dividend portfolios (neither the stocks or the portfolios were name...
by Naikansha
Fri Jan 24, 2014 7:46 pm
 
Forum: Investing - Theory, News & General
Topic: Can you talk me out of Preferred Stocks?
Replies: 58
Views: 4464

Re: Can you talk me out of Preferred Stocks?

I'm not sure what to do with the discussion on Vanguard Convertible Securities Fund (VCVSX) , as we also have a wiki article: Convertible bonds There is no mention of VCVSX in the convertible bond article, either. Perhaps to make it clear there are both convertible stocks and convertible bonds, the...
by Naikansha
Fri Jan 24, 2014 5:23 am
 
Forum: Investing - Theory, News & General
Topic: Can you talk me out of Preferred Stocks?
Replies: 58
Views: 4464

Re: How does one sell a silver tea set?

Before deciding where to sell your items (pawn shop, metals recycler, antique dealer, ebay, etc., which I've listed according to how much you should expect to receive, all things considered), it is important to learn who were the manufacturers, where and when made, the quality of the silver (or if p...
by Naikansha
Sun Jun 02, 2013 5:17 pm
 
Forum: Personal Consumer Issues
Topic: How does one sell a silver tea set?
Replies: 11
Views: 1176

Re: How does one sell a silver tea set?

A lot depends on when and where the set was made, whether or not there is a monogram, and the condition. How many pieces are there and what are the stamps on the bottom of the pieces? If genuine sterling silver, this by law in most countries must be stamped on the bottom. There are however several g...
by Naikansha
Sat Jun 01, 2013 5:57 pm
 
Forum: Personal Consumer Issues
Topic: How does one sell a silver tea set?
Replies: 11
Views: 1176

Re: Help with my windfall please.

Regarding the 529 plans, you can go to Morningstar.com which has a very good yearly review of all plans. This list and their comments should help you figure out which ones to consider before making a final choice (which by the way you don't have to keep if you don't want to, and the best plans have ...
by Naikansha
Mon May 27, 2013 1:48 am
 
Forum: Investing - Help with Personal Investments
Topic: Help with my windfall please.
Replies: 25
Views: 1552

Re: what to do with unsellable land

I don't see why anyone would buy it without a water line, although it might go for a very low price as it is in a retiree - desireable area but not good for people who need to travel daily into town. But there are other low priced properties here with water. At this point our main issue is the yearl...
by Naikansha
Sat May 18, 2013 3:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: what to do with unsellable land
Replies: 32
Views: 2657

Re: what to do with unsellable land

I sincerely appreciate all the thoughts about this matter. Regarding an easement: Bertilak, thanks for the reminder of the correct wording regarding an 'easement'. dm200, public water lines are on two nearby roads. The closest requires a granted easement through a neighbor who will not grant it thou...
by Naikansha
Sat May 18, 2013 3:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: what to do with unsellable land
Replies: 32
Views: 2657

Re: what to do with unsellable land

Thanks for the good ideas. Unfortunately there are no easements next to the neighboring properties but the public line could be accessed from the main road, about a mile away. There is a closer line but neighbor will not approve an easement. Wells are common for those who can afford them. I just rea...
by Naikansha
Sat May 18, 2013 12:21 am
 
Forum: Personal Finance (Not Investing)
Topic: what to do with unsellable land
Replies: 32
Views: 2657

what to do with unsellable land

We have a plot of 2-1/2 acres of land that is very difficult to sell not only because there are many fewer speculators than in the past (not us, we were given the plot). While there are electric and telehone hookups, there is no water line, so a buyer would have to either drill a well or pay a neigh...
by Naikansha
Fri May 17, 2013 11:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: what to do with unsellable land
Replies: 32
Views: 2657

Re: Retiree's TIRA to Roth?

thanks, I must not have cleared that box - will try again. I appreciate your help.
by Naikansha
Sun May 12, 2013 8:39 am
 
Forum: Personal Finance (Not Investing)
Topic: Retiree's TIRA to Roth?
Replies: 12
Views: 681

Re: Retiree's TIRA to Roth?

Thanks very much. I tried your 13.1 version that wanted me to do my conversion amount over three years (different from the other which said do it all in one year -my input). The conclusions are not very clear however (to me) as some years seem to be worthwhile, others not and I wasn't sure why there...
by Naikansha
Sat May 11, 2013 11:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Retiree's TIRA to Roth?
Replies: 12
Views: 681

Re: Yikes, Vanguard CFP rec. 20% bonds for retirement!!!

No it is not the same because the qualified charitable distribution(s) will not be noted as charitable contributions on the IRS form when the (marginal) tax is taken out of the resulting RMD (by VG). If the distribution(s) are taken by check made out to the charity (ies) and then sent on to the inve...
by Naikansha
Sat May 11, 2013 11:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Yikes, Vanguard CFP rec. 20% bonds for retirement!!!
Replies: 73
Views: 7380

Re: Yikes, Vanguard CFP rec. 20% bonds for retirement!!!

Whatever she will use for a qualified charitable distribution (say 5k in this case) can be deducted from the RMD amount so will not be taxable. WHen you call the retirement section of VG, they will take a list of the charities you want to give to and amounts for each, and can send you the checks dir...
by Naikansha
Sat May 11, 2013 10:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Yikes, Vanguard CFP rec. 20% bonds for retirement!!!
Replies: 73
Views: 7380

Re: Retiree's TIRA to Roth?

Thanks all, I tried the program and it also suggested for me to convert everything right away (most in the first year - that is, this year) which would use up all of my taxable investments which I'd prefer not to do. Nor can I control social security taxes because of our two social security payments...
by Naikansha
Sat May 11, 2013 10:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Retiree's TIRA to Roth?
Replies: 12
Views: 681

Re: Retiree's TIRA to Roth?

Thanks to you both for reminders of other things to consider.
by Naikansha
Sat May 11, 2013 10:54 am
 
Forum: Personal Finance (Not Investing)
Topic: Retiree's TIRA to Roth?
Replies: 12
Views: 681

Retiree's TIRA to Roth?

Some years ago I thought of moving at least some of my TIRA to my much smaller Roth account but didn't have enough in my taxable account to pay the tax. Also, my tax rate of 25% didn't look as if it would go down (and it hasn't). However this year I feel comfortable being able to use at least part o...
by Naikansha
Fri May 10, 2013 11:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Retiree's TIRA to Roth?
Replies: 12
Views: 681

Re: Yikes, Vanguard CFP rec. 20% bonds for retirement!!!

Regarding the extra 5K, if you make this a qualified charitable contribution when you begin your RMD (assuming this will be allowed that year, it may not be), the amount can be deducted from your RMD so will not be taxed.
by Naikansha
Fri May 10, 2013 9:05 am
 
Forum: Investing - Help with Personal Investments
Topic: Yikes, Vanguard CFP rec. 20% bonds for retirement!!!
Replies: 73
Views: 7380

Re: Charitable donation from RMD

You don't have a problem with regard to your timing the RMD withdrawal after the QCD if that is what you wish. However, VG must have your QCD information before you make any RMD's since this will be deducted from the total. They will then make the QCD withdrawals before or at the same time as your R...
by Naikansha
Fri Feb 15, 2013 12:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Charitable donation from RMD
Replies: 45
Views: 2401

Re: Charitable donation from RMD update from VG

I have just spoken with VG this afternoon about making qualified charitable distributions from a RMD amount to be taken for 2013. As I mentioned earlier and can now confirm, they want to receive the information about recipients and amounts before doing the RMD distribution(s), whenever you wish that...
by Naikansha
Wed Feb 13, 2013 5:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Charitable donation from RMD
Replies: 45
Views: 2401

Re: Charitable donation from RMD

I'm not Alan, but he is correct that your QCD must come out before your RMD, no matter how you wish to allocate your RMD distributiions from your IRA.
by Naikansha
Tue Feb 05, 2013 4:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Charitable donation from RMD
Replies: 45
Views: 2401

How to think of your Charitable donation from RMD

This is how I think of a qualified charitable distribution (QCD): Many taxpayers are able to take adjustments to their gross income (line 36 on last year's 1040). Adjustments lower your gross income. Insofar as the QCD lowers your RMD which is added to your gross income (reported as an IRA distribut...
by Naikansha
Tue Feb 05, 2013 2:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Charitable donation from RMD
Replies: 45
Views: 2401

Re: Bokashi [Organic Composting]

Your compost pile shouldn't have any meat products. This is what may be attracting your dog. The snakes and ring-tails are most likely after the pack rats that can get inside, so what is needed is a secure lid or a trap of some kind. I agree you don't need to buy worms, as they will appear if you la...
by Naikansha
Tue Feb 05, 2013 2:14 pm
 
Forum: Personal Consumer Issues
Topic: Bokashi [Organic Composting]
Replies: 15
Views: 1329

Re: VG Small Cap Fund for Roth, right move?

Is there any reason to even keep the Kennedy fund, with its very high ER? If you decide on a small cap fund in your Roth, it doesn't seem there is any need for it at all. Without it you will be able to use your Index 500 fund more.
by Naikansha
Thu Jan 31, 2013 11:02 am
 
Forum: Investing - Help with Personal Investments
Topic: VG Small Cap Fund for Roth, right move?
Replies: 3
Views: 384

Re: The worst [investing] advice [you have received]

a) never invest (my father)
b) invest in flotation tanks for meditation, a big thing for some in the late 70's (fortunately only lost $5k but it was alot at the time).
by Naikansha
Fri Jan 25, 2013 10:48 pm
 
Forum: Investing - Theory, News & General
Topic: The worst [investing] advice [you have received]
Replies: 64
Views: 5333

Re: Does this headline trouble you?

Toons: so many of the Times readers posting comments seem to be somewhere between the 'contempt' and 'doubt and suspicion' levels ( 'The market is rigged', 'I'm never going to put any money in the market', 'I keep my money under the mattress', 'I've taken everything out in 2008 and will never invest...
by Naikansha
Fri Jan 25, 2013 10:34 pm
 
Forum: Investing - Theory, News & General
Topic: Does this headline trouble you?
Replies: 43
Views: 3176

Re: "What Happens To Bond Funds When Interest Rates Go Up?"

Mike, I understand how you are using 'indifference point' with regard to this duration topic but as someone with a 60% intermediate term bond fund portfolio in traditional IRAs, as I am about to take my first RMD, my thoughts turn to having to put that amount in a short-term bond fund until it is wi...
by Naikansha
Thu Jan 24, 2013 12:53 am
 
Forum: Investing - Theory, News & General
Topic: "What Happens To Bond Funds When Interest Rates Go Up?"
Replies: 44
Views: 4628

Re: Vanguard Yr End Statements: Save Them?

Final year end statements (and at least the first page of your tax return) are good to keep 'forever', because you might need them for any IRA transactions that will have to be reported; if these are very old, account statements might not be readily available on your e-account: non-deductible contri...
by Naikansha
Wed Jan 09, 2013 10:48 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard Yr End Statements: Save Them?
Replies: 51
Views: 2917

Re: Act now to donate IRA to charity

Earlier I noted on another thread that the owner taking the RMD with a qualified charitable contribution had to submit a form to Vanguard to make that contribution, but today one of their retirement specialists said it may also be done by phone. As I wrote earlier, the check(s) to the charity (or ch...
by Naikansha
Wed Jan 09, 2013 8:39 pm
 
Forum: Investing - Theory, News & General
Topic: Act now to donate IRA to charity
Replies: 8
Views: 813

Re: American Taxpayers Relief Act of 2012 resources:

sscritic, sorry if I was not clear that I was simply calling VG to find out what their requirements are for making this contribution, not to learn about the provisions of the law. As it turns out, you need to send them a form for each charity. If you do not wish a lump sum RMD, you can have a period...
by Naikansha
Thu Jan 03, 2013 12:51 pm
 
Forum: Investing - Theory, News & General
Topic: American Taxpayers Relief Act of 2012 resources:
Replies: 103
Views: 7228

Re: American Taxpayers Relief Act of 2012 resources:

Since the law requires that the distribution be made directly by the custodian, if someone who has a TIRA with VG wants to made the contribution, they have to call VG's RMD section to arrange for the charitable rollover to occur.
by Naikansha
Thu Jan 03, 2013 12:14 pm
 
Forum: Investing - Theory, News & General
Topic: American Taxpayers Relief Act of 2012 resources:
Replies: 103
Views: 7228

Re: charitable IRA rollover

Regarding the charitable rollover, the associate at Vanguard I just spoke with this morning claimed the charitable rollover had not been passed even though it appeared on the Vanguard summary of the new act. He also told me VG will send you the check in the name of the charity, which you then forwar...
by Naikansha
Thu Jan 03, 2013 11:40 am
 
Forum: Investing - Theory, News & General
Topic: American Taxpayers Relief Act of 2012 resources:
Replies: 103
Views: 7228

Re: American Taxpayers Relief Act of 2012 resources:

Also worth noting: Regarding your 2013 RMD, the Act reinstated the charitable IRA rollover. The charitable contribution will decrease taxes on your RMD (because your RMD will be decreased by the contribution amount), but it will not be a deductible contribution. To work, it must be sent directly to ...
by Naikansha
Wed Jan 02, 2013 11:52 pm
 
Forum: Investing - Theory, News & General
Topic: American Taxpayers Relief Act of 2012 resources:
Replies: 103
Views: 7228

Re: Advice with Small Windfall

I didn't see if you have a rainy day/emergency fund yet, but if not, 'parking it in a savings account' would be a perfect use for what is left over after the loans are paid off. Then, when you begin salaried work upon finishing school, you can think of what kind of IRAs to create. In the meantime, y...
by Naikansha
Mon Dec 24, 2012 2:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice with Small Windfall
Replies: 30
Views: 1975

Re: Advice with Small Windfall

[quote="assumer"]Alright, yeah I can always reevaluate when my future becomes a bit clearer, so I'll keep that $10k emergency fund.[/quote] Yes, this is the best plan, as well as paying off your loans. AFTER you get that large salary, you can then plan on what to do with anything left over...
by Naikansha
Mon Dec 24, 2012 8:42 am
 
Forum: Investing - Help with Personal Investments
Topic: Advice with Small Windfall
Replies: 30
Views: 1975

Re: Can I reduce future taxes on IRA with earlier withdrawal

Converting to a Roth might be a good idea IF you have extra funds in taxable accounts you can use to pay the taxes, not a good idea if some of the tax money has to come from your IRA.
by Naikansha
Mon Dec 24, 2012 8:20 am
 
Forum: Investing - Help with Personal Investments
Topic: Can I reduce future taxes on IRA with earlier withdrawals ?
Replies: 25
Views: 1709

Re: Can I reduce future taxes on IRA with earlier withdrawal

I don't think it is a good idea to withdraw only for tax reasons. If you need the money for living expenses before social security, that may be another matter but it is a much better idea to save up a several years' rainy day/emergency fund in one or more very safe environments such as a savings acc...
by Naikansha
Mon Dec 24, 2012 7:51 am
 
Forum: Investing - Help with Personal Investments
Topic: Can I reduce future taxes on IRA with earlier withdrawals ?
Replies: 25
Views: 1709

Re: Adult Kids/Gifting

We feel it is very important to keep our son debt-free during his graduate education years especially while he is supporting himself otherwise on his own income from what work he can do while in school. That we have been able to do this has been a source of some pride to us as it was one of the reas...
by Naikansha
Sat Dec 15, 2012 4:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Adult Kids/Gifting
Replies: 77
Views: 3957
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