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Re: Form 706 for portability election

Thanks bsteiner for your responses. We are really filing the portability election more as an insurance policy, since if the law stays as it is now, we will most probably not need to use it. So, we are questioning how much investment we want to put into filing this form. If the return were to get aud...
by bob1234
Mon May 19, 2014 1:02 am
 
Forum: Personal Finance (Not Investing)
Topic: Form 706 for portability election
Replies: 8
Views: 671

Re: Form 706 for portability election

I'm guessing my question was very specific. More generally, how does one prove that all contributions to the joint account came from me. A copy of every electronic bank transfer to the account? And, are printouts of online statements OK? Or, is a signed affidavit from me sufficient? Unfortunately, w...
by bob1234
Sun May 18, 2014 9:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Form 706 for portability election
Replies: 8
Views: 671

Re: Form 706 for portability election

I have a question about the joint property. I have a Vanguard taxable account that is titled as JTWROS between myself, my dad (who we are filing the estate tax form for), and my mom (the surviving spouse). However, I have made all of the contributions to the account and paid all the taxes (it is my ...
by bob1234
Mon May 12, 2014 2:45 am
 
Forum: Personal Finance (Not Investing)
Topic: Form 706 for portability election
Replies: 8
Views: 671

Re: Form 706 for portability election

Thanks for the link. I was planning on filling out the form on behalf of my mom, who is the surviving spouse, and then having it reviewed by someone. Our tax accountant wasn't familiar with the form. Would an estate lawyer be the best person to review this or a CPA?
by bob1234
Tue May 06, 2014 3:36 am
 
Forum: Personal Finance (Not Investing)
Topic: Form 706 for portability election
Replies: 8
Views: 671

Form 706 for portability election

Has anyone found an example of a properly filled out Form 706 for the portability of the estate tax exemption (DSUE), in the case where an estate tax isn't due, but is being filed solely to elect portability? In our particular case, all the property is being transferred to the surviving spouse. I wa...
by bob1234
Sun May 04, 2014 6:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Form 706 for portability election
Replies: 8
Views: 671

Re: In-service distribution of after-tax 401k

Thanks for the responses everyone. They have been very helpful. One additional question: After I rollover from after-tax 401k to Roth IRA, can I withdraw the original contribution at any time before 59 1/2 without penalty? I have had the Roth IRA for more than 5 years. I understand that the earnings...
by bob1234
Tue Jul 02, 2013 5:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: In-service distribution of after-tax 401k
Replies: 11
Views: 987

In-service distribution of after-tax 401k

My company just started offering in-service distribution of after-tax 401k. My company places a limit of 20k distribution per calendar year and can do a distribution once a quarter, so I plan to contribute 20k this year and roll it over into a Roth IRA two times this year. I currently do a back-door...
by bob1234
Mon Jul 01, 2013 3:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: In-service distribution of after-tax 401k
Replies: 11
Views: 987

Re: 100% Stocks Anyone?

I use Fidelity Full View, which allows you to add accounts outside of Fidelity (Vanguard, bank accounts, etc.) and view the entire portfolio in one place. You have to provide user name/password for all the accounts you want automatically updated.
by bob1234
Thu Mar 08, 2012 11:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: 100% Stocks Anyone?
Replies: 46
Views: 3508

Re: Is tax-efficient fund placement always better?

Thanks everyone for your responses. Taylor, I'll be sure to check out the book.
by bob1234
Sat Jan 28, 2012 2:08 am
 
Forum: Investing - Help with Personal Investments
Topic: Is tax-efficient fund placement always better?
Replies: 12
Views: 852

Re: Is tax-efficient fund placement always better?

These assumptions are unreasonable in two ways which favor stocks in the 401(k). The first assumption is that the equity risk premium (the difference between expected stock and bond returns) is 7%; this is much higher than the historical value, and makes the difference between stock and bond accoun...
by bob1234
Thu Jan 26, 2012 10:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is tax-efficient fund placement always better?
Replies: 12
Views: 852

Re: Is tax-efficient fund placement always better?

Yeah, I am already maxing out my 401k and will be maxing out the roth ira, thanks to the backdoor roth ira, which I just learned about.
by bob1234
Thu Jan 26, 2012 10:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is tax-efficient fund placement always better?
Replies: 12
Views: 852

Re: Is tax-efficient fund placement always better?

you neglected to rebalance annually Why is the young accumulator not adding anything to his 401(k)? Has he been out of work for 20 years? Yeah, I was trying to simplify the calculations, but rebalancing and additional contributions are additional considerations. In my case, I would be contributing ...
by bob1234
Thu Jan 26, 2012 10:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is tax-efficient fund placement always better?
Replies: 12
Views: 852

Re: Is tax-efficient fund placement always better?

Those numbers more picked more to illustrate the example, rather than what I expect the return to be. I still want a 70/30 allocation for risk purposes. I realize that stocks could also lose 10% a year, in which case you would be better with bonds in the 401k. I was just thinking about whether I sho...
by bob1234
Thu Jan 26, 2012 9:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is tax-efficient fund placement always better?
Replies: 12
Views: 852

Is tax-efficient fund placement always better?

For those who are young investors in the accumulation stages and have a larger taxable account relative to tax-advantaged, following tax-efficient fund placement would end up putting majority/all bonds in tax-advantaged account, while having the taxable account be majority/all stocks. Over the long ...
by bob1234
Thu Jan 26, 2012 9:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is tax-efficient fund placement always better?
Replies: 12
Views: 852

Re: Back-door Roth IRA likely to trigger audit?

Thanks everyone for your responses. I think I will go for the backdoor Roth IRA.
by bob1234
Thu Jan 26, 2012 7:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: Back-door Roth IRA likely to trigger audit?
Replies: 4
Views: 991

Back-door Roth IRA likely to trigger audit?

Would doing a back-door Roth IRA increase the chances of an audit? Is this maneuver well-known by the IRS or would it raise suspicion? Would increasing the time between the non-deductible TIRA contribution and the conversion to a Roth mitigate this (e.g by 2 months or so)?
by bob1234
Wed Jan 25, 2012 10:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: Back-door Roth IRA likely to trigger audit?
Replies: 4
Views: 991

Re: Portfolio advice for a 31 y/o

mamster, thanks for the suggestion about paying off my mortgage. I was looking into refinancing into a no-cost 5/1 ARM at 2.75%, with the intention of paying it off in 5 years. If I do that and move all my bonds to 401k, what's the correct way to calculate expected return of the PTTRX bond. The SEC ...
by bob1234
Mon Jan 23, 2012 10:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio advice for a 31 y/o
Replies: 6
Views: 900

Re: VTMSX vs. VSMAX

Thanks for the response! It was helpful.
by bob1234
Mon Jan 23, 2012 10:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: VTMSX vs. VSMAX
Replies: 2
Views: 798

VTMSX vs. VSMAX

I was wondering if anyone had an opinion on Vanguard Tax-Managed Small-Cap Fund Admiral Shares (VTMSX) vs. Vanguard Small-Cap Index Fund Admiral Shares (VSMAX) for a taxable account. The after-tax return between the two varies depending on the timeframe. Here is my portfolio: http://www.bogleheads.o...
by bob1234
Fri Jan 20, 2012 11:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: VTMSX vs. VSMAX
Replies: 2
Views: 798

Re: Portfolio advice for a 31 y/o

Thanks for your response. It was very helpful.

I've added my 401k options to the original post. My company does allow after-tax, non-Roth contributions, so I may look into that. Do after-tax contributions only make sense to go towards bonds, since earnings will be taxed at ordinary income?
by bob1234
Fri Jan 20, 2012 10:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio advice for a 31 y/o
Replies: 6
Views: 900

Portfolio advice for a 31 y/o

Emergency funds = 1 year of expenses Debt: 200k mortgage at 3.75%. Tax Filing Status: Single Tax Rate: 28% Federal, 0% State (WA) Age: 31 Desired Asset allocation: 70% stocks / 30% bonds Intl allocation: 20% of stocks Current portfolio: 700k Taxable (68.6%) 10.7% Vanguard LifeStrategy Growth (VASGX)...
by bob1234
Fri Jan 20, 2012 4:38 am
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio advice for a 31 y/o
Replies: 6
Views: 900

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