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Tax cost of "one fund in taxable"

The notion of making a transition from our present situation (moderate slice and dice in taxable and IRA accounts; about 6 years away from my retirement) to one fund (such as Vanguard LS Moderate Growth or Vanguard Balanced or Vanguard Wellington or a Vanguard Target Retirement Fund) is very appeali...
by jefmafnl
Sun Apr 20, 2014 10:39 am
 
Forum: Investing - Theory, News & General
Topic: Tax cost of "one fund in taxable"
Replies: 5
Views: 371

Re: Heartbleed at Treasury Direct?

OK according to "filippo" , thanks for the suggestion!

J
by jefmafnl
Sat Apr 12, 2014 6:40 am
 
Forum: Investing - Theory, News & General
Topic: Heartbleed at Treasury Direct?
Replies: 5
Views: 839

Heartbleed at Treasury Direct?

Does anyone know whether Treasury Direct uses a vulnerable version of Open SSL and thus is exposed to the Heartbleed bug?

Thanks.

J
by jefmafnl
Sat Apr 12, 2014 6:32 am
 
Forum: Investing - Theory, News & General
Topic: Heartbleed at Treasury Direct?
Replies: 5
Views: 839

Redeem at beginning of anniversary month?

If one bought EE bonds in April 2005, one can redeem them with the guaranteed doubling at the beginning of April 2025 or May 2025?

Thanks.

J
by jefmafnl
Sun Mar 16, 2014 7:13 am
 
Forum: Investing - Theory, News & General
Topic: USA Today inadvertently makes case for EE bonds
Replies: 13
Views: 1899

Re: Expected Returns for the next 20 years?

Was there a post on this forum about the maximum historical SWR going forward from a given range of Shiller P/E 10 at retirement?

J
by jefmafnl
Wed Feb 12, 2014 7:59 am
 
Forum: Investing - Theory, News & General
Topic: Expected Returns for the next 20 years?
Replies: 29
Views: 2979

Re: Pay attention to tax efficiency, it's important

Just to double-check: while most ETF's are more tax-efficient than traditional open-end mutual funds, is it still true that Vanguard ETF's are no more tax-efficient than the corresponding Vanguard mutual funds?

Thanks.

J
by jefmafnl
Sat Feb 01, 2014 6:14 am
 
Forum: Investing - Theory, News & General
Topic: Pay attention to tax efficiency, it's important
Replies: 18
Views: 2492

Combine U-shaped AA and Hebeler flex. withdrawal strategy?

There have been a couple of "seductive" and relatively new ideas discussed recently on the forum: "U-Shaped" asset allocation: Draw down to 50%? 30%? at beginning of retirement, then slowly increase stock allocation. Link: http://www.bogleheads.org/forum/viewtopic.php?f=10&t=...
by jefmafnl
Sun Jan 19, 2014 1:30 pm
 
Forum: Investing - Theory, News & General
Topic: Combine U-shaped AA and Hebeler flex. withdrawal strategy?
Replies: 2
Views: 426

Re: Increase in the threshold for tax brackets

To do a pro forma tax return for a future year, which is easier (quicker) to use...TaxCut, TurboTax, or something else? It would be great to be able to skip most of the "interview questions" and just put in estimates.

Thanks.

J
by jefmafnl
Sun Jan 12, 2014 4:58 pm
 
Forum: Investing - Theory, News & General
Topic: Increase in the threshold for tax brackets
Replies: 26
Views: 1569

Digitizing old home movies...

My wife and I live in Europe. We're going to the US for a few days in late December/early January to finish cleaning out my mother-in-law's house (she is now in assisted living). She has lots of old (1950's and 1960's) home movies in whatever format was standard then (35m???). They have probably det...
by jefmafnl
Fri Dec 06, 2013 5:50 am
 
Forum: Personal Consumer Issues
Topic: Digitizing old home movies...
Replies: 24
Views: 1327

Health insurance calculator?

This may be a dumb question, but... My brother, struggling to choose medical and dental insurance plans, wrote "I can't believe they don't provide a tool into which to punch your med expenses the last 3 years and have it come up with the 3 best plans for you if future expenses are similar to th...
by jefmafnl
Thu Dec 05, 2013 5:39 am
 
Forum: Personal Finance (Not Investing)
Topic: Health insurance calculator?
Replies: 2
Views: 246

Re: Authorized Representative for Mom (90)?

Thanks for the replies. The authorized representative up until now says that, since Mom "is no longer living in her home in the community and is now in assisted living, it is not feasible for me to be involved in her finances in any way...it is best for [name of assisted living facility] to ste...
by jefmafnl
Tue Nov 05, 2013 3:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Authorized Representative for Mom (90)?
Replies: 6
Views: 588

Re: Authorized Representative for Mom (90)?

Thanks for the replies. This is not quite the same question as before. At that time it was only a question about the institution function as "rep payee", i.e., taking her Social Security check and returning the personal allowance to her. Now it's about something much broader.

J
by jefmafnl
Tue Nov 05, 2013 8:41 am
 
Forum: Personal Finance (Not Investing)
Topic: Authorized Representative for Mom (90)?
Replies: 6
Views: 588

Authorized Representative for Mom (90)?

My mother-in-law (90) recently moved out of her house and into assisted living. I believe that she already has an authorized representative from a social services agency. Now the assisted living facility is suggesting not only that they (the facility) be the "rep payee" for her social secu...
by jefmafnl
Mon Nov 04, 2013 6:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Authorized Representative for Mom (90)?
Replies: 6
Views: 588

Re: Reverse mortgage: deed in lieu of foreclosure

Mother-in-law (90) moving to assisted living, house will be empty. Amount owed is probably equal to or greater than value of house (hard to tell, slow market in that area). I called the bank anonymously, to ask about deeding good marketable title to the bank (as in the HUD regulations below). They e...
by jefmafnl
Tue Oct 22, 2013 1:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Reverse mortgage: deed in lieu of foreclosure
Replies: 4
Views: 672

Reverse mortgage: deed in lieu of foreclosure

My mother-in-law (90) may be doing this soon (giving the bank title to the house as payment of the reverse mortgage). The HUD rules don't quite match what the bank is demanding. Does anyone have experience with this? Thanks.

J
by jefmafnl
Mon Oct 21, 2013 2:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Reverse mortgage: deed in lieu of foreclosure
Replies: 4
Views: 672

Hotel near UCLA for physically challenged?

My mom, 88, is about to have a major eye operation. It's outpatient, but she lives several hours away, so she will need a hotel room for 2 nights (before and after). She's also not very mobile...has severe arthritis, uses a walker, and can't cover long distances. Does anyone have firsthand experienc...
by jefmafnl
Sun Oct 13, 2013 2:33 pm
 
Forum: Personal Consumer Issues
Topic: Hotel near UCLA for physically challenged?
Replies: 2
Views: 293

Assisted Living with Medicaid Waiver (Mom)

My mother-in-law (90) has just moved into assisted living, subsidized by a state Medicaid program. Every month she needs to pay her Social Security check, less a small allowance for personal needs, to the facility. The facility recommends what they call "rep pay", meaning that her Soc. Sec...
by jefmafnl
Sat Oct 05, 2013 12:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Assisted Living with Medicaid Waiver (Mom)
Replies: 2
Views: 378

Re: Dedicated e-mail device for Mom (90)

Belated thanks to all who replied. For the time being we're going to see if she can use the shared computer in a common area.

J
by jefmafnl
Sat Oct 05, 2013 12:11 pm
 
Forum: Personal Consumer Issues
Topic: Dedicated e-mail device for Mom (90)
Replies: 21
Views: 1649

Spread on Treasurys

My mother buys Treasurys on the secondary market through her ("full-service") broker. She reports that the YTM she gets when she buys is generally about 20 basis points less than "what I see on the financial channel." Is this a matter of different yield calculations, or of normal...
by jefmafnl
Mon Sep 09, 2013 2:23 pm
 
Forum: Investing - Theory, News & General
Topic: Spread on Treasurys
Replies: 2
Views: 437

Dedicated e-mail device for Mom (90)

My mother-in-law, 90, is probably going to move from her house into a small (studio) assisted living unit in the next few weeks. She has used a Windows PC (XP or 2000?) for E-mail only, via AOL, for about 9 years. She mailed regularly, but was not comfortable going beyond what she knew how to do. He...
by jefmafnl
Sun Sep 01, 2013 11:44 am
 
Forum: Personal Consumer Issues
Topic: Dedicated e-mail device for Mom (90)
Replies: 21
Views: 1649

Re: Sunset Financial Planning and Medicaid For Dummies

My wife and I have been dealing with this for her mother.

You might consult Heiser's book "Medicaid Secrets", which (although not cheap) explains lots of the rules in detail.

Good luck!

J
by jefmafnl
Sun Jul 28, 2013 1:37 pm
 
Forum: Personal Consumer Issues
Topic: Sunset Financial Planning and Medicaid For Dummies
Replies: 3
Views: 627

Re: Medicaid eligibility for long term care in PA

My mother-in-law is also on Medicaid. I found Heiser's book ("Medicaid Secrets") well worth its high price
for all the details of the rules.

Good luck!

J
by jefmafnl
Sun Jul 28, 2013 1:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Medicaid eligibility for long term care in PA
Replies: 10
Views: 810

Re: Medicaid Eligibility - Impact of Receiving a Gift

The specific maxima (income and assets) and certain rules do vary from state to state.

The book "Medicaid Secrets" by Heiser is expensive but has LOTS of details on the rules for eligibility.

Good luck!

J
by jefmafnl
Sun Jul 28, 2013 1:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Medicaid Eligibility - Impact of Receiving a Gift
Replies: 4
Views: 444

Cost basis for shares converted to Admiral shares

Alex Frakt and Grabiner kindly explained a couple years ago how to calculate cost basis for shares of Vanguard Investor Funds converted to shares of Vanguard Admiral Funds. Has anyone, since the beginning of 2012, sold Admiral shares that were purchased as Investor Shares AFTER the new rules for &qu...
by jefmafnl
Sun Jul 28, 2013 12:45 pm
 
Forum: Investing - Theory, News & General
Topic: Cost basis for shares converted to Admiral shares
Replies: 2
Views: 417

Re: Drafting a retirement budget

dbr, I understand your point about managing cash flow and managing asset allocation being two different things. However, in practical terms, if one's taxable accounts are primarily in stock funds, and (after taking RMD's) one wants to take withdrawals first from the taxable accounts, it will inevita...
by jefmafnl
Wed Jul 24, 2013 2:23 pm
 
Forum: Investing - Theory, News & General
Topic: Drafting a retirement budget
Replies: 11
Views: 1605

Re: Drafting a retirement budget

Many thanks, this is clear to me now.

J
by jefmafnl
Tue Jul 23, 2013 10:08 am
 
Forum: Investing - Theory, News & General
Topic: Drafting a retirement budget
Replies: 11
Views: 1605

Re: Drafting a retirement budget

dbr, what you're suggesting is what I started with. But for budget purposes, i.e., how much can we spend, I don't want to double-count the portion of withdrawals from taxable retirement accounts that are that year's dividends and CGs. How do I avoid this double-counting?

J
by jefmafnl
Tue Jul 23, 2013 6:29 am
 
Forum: Investing - Theory, News & General
Topic: Drafting a retirement budget
Replies: 11
Views: 1605

Drafting a retirement budget

We're about 7 years out from my probable retirement (wife took a very early retirement), and I tried to do a first estimate of after-tax income in that period. I estimated income from pensions and social security, and 4% withdrawal from "retirement accounts", which include Roth and traditi...
by jefmafnl
Mon Jul 22, 2013 8:02 am
 
Forum: Investing - Theory, News & General
Topic: Drafting a retirement budget
Replies: 11
Views: 1605

Re: Cost basis for mutual funds, ETF's

Thanks, Kevin M.

We're still registered to vote in our last state of US residence, which is not a CP state.
But we don't pay income tax or have any other business there.

J
by jefmafnl
Mon Jul 22, 2013 7:44 am
 
Forum: Investing - Theory, News & General
Topic: Cost basis for mutual funds, ETF's
Replies: 19
Views: 1141

Re: Reverse mortgage

In case anyone else needs the info: I subsequently found it in HUD's manuals, 4235.1 /4330.1, Home Equity Conversion Mortgages: That the debt must be paid in full; or the property must be sold for the lesser of the debt, including shared appreciation, if any, or 95% of the appraised value; or good m...
by jefmafnl
Sun Jul 21, 2013 1:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Reverse mortgage
Replies: 3
Views: 616

Re: Cost basis for mutual funds, ETF's

Thanks to all who replied. If community property (CP) does not apply, what happens if I die? Is half of the joint (husband and wife) account "in the estate", making things complicated and having immediate tax consequences? Or does my wife simply re-title the account in her name, without ta...
by jefmafnl
Sun Jul 21, 2013 8:16 am
 
Forum: Investing - Theory, News & General
Topic: Cost basis for mutual funds, ETF's
Replies: 19
Views: 1141

Cost basis for mutual funds, ETF's

On the rare occasions that I sell Vanguard mutual funds, or (non-Vanguard) ETF's, out of our joint taxable account, usually for tax reasons, I use specific share identification. In case I should die (I travel quite a lot), I have left instructions for my wife (who doesn't deal with any of our invest...
by jefmafnl
Fri Jul 19, 2013 1:47 pm
 
Forum: Investing - Theory, News & General
Topic: Cost basis for mutual funds, ETF's
Replies: 19
Views: 1141

Re: Reverse mortgage

Actually it's quite clear that the owner/resident (not the bank holding the reverse mortgage) has to sell the house.
I was just wondering if anyone has experience with this situation.

J
by jefmafnl
Fri Jul 19, 2013 6:49 am
 
Forum: Personal Finance (Not Investing)
Topic: Reverse mortgage
Replies: 3
Views: 616

Reverse mortgage

My mother-in-law (90) may be moving out of her house, meaning (in this case) that it would need to be sold to pay off her reverse mortgage. Value is probably less than the loan balance; federal insurance (funded, at least in part, by her monthly premiums) would in effect cover the difference. Obviou...
by jefmafnl
Wed Jul 17, 2013 6:22 am
 
Forum: Personal Finance (Not Investing)
Topic: Reverse mortgage
Replies: 3
Views: 616

Spreadsheet(s) for transactions and cap. gains

Looking for a way to simplify record-keeping. We buy Vanguard funds and a few ETF's quarterly in our taxable account. It's tempting to download transaction records directly from Vanguard. However, then the info isn't in a useful format for keeping track of capital gains (order of columns). Also, aft...
by jefmafnl
Fri Jul 12, 2013 1:09 pm
 
Forum: Investing - Theory, News & General
Topic: Spreadsheet(s) for transactions and cap. gains
Replies: 2
Views: 223

Where's the "percent Treasury" in V dividends?

Doing my 2012 taxes (better late than never).

Where on the Vanguard site do I find the "percent from US Treasury" in dividends to Vanguard mutual funds?

Thanks.

J
by jefmafnl
Wed Jul 10, 2013 12:59 pm
 
Forum: Investing - Theory, News & General
Topic: Where's the "percent Treasury" in V dividends?
Replies: 3
Views: 358

Tax on Dec. Soc. Sec. payment

If one is a "cash basis" taxpayer, is the Social Security payment for December, received in January, taxable in the new year? Or is there some special exception for Social Security, requiring it to be included in taxable income for the old year?

Thanks.

J
by jefmafnl
Sun Apr 28, 2013 2:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tax on Dec. Soc. Sec. payment
Replies: 1
Views: 258

How to calculate YTM in Excel?

For those of us who used to be good at math but are rusty from not using those mental muscles... What's the Excel formula to calculate the YTM of one's EE bond(s), if S was the starting value, C is the current value, and M is the number of months (or Y the number of years) remaining until one has he...
by jefmafnl
Sat Apr 20, 2013 7:45 am
 
Forum: Investing - Theory, News & General
Topic: Article: EE Bonds are the best Long Term bond
Replies: 77
Views: 5230

Double-check: date of ETF transaction?

For tax purposes, is the date of an ETF sale or purchase the transaction date or the settlement date?

Thanks.

J
by jefmafnl
Mon Apr 01, 2013 11:23 am
 
Forum: Investing - Theory, News & General
Topic: Double-check: date of ETF transaction?
Replies: 2
Views: 221

How can I amend IRS Form 8938 (2011) easily?

My wife and I are US citizens living in Europe. Although our financial situation is fairly simple, our US tax return is very complicated, due to the complexities involved with the foreign earned income exclusion and the foreign tax credit. (Tax rates in the European country of residence are much hig...
by jefmafnl
Sun Mar 24, 2013 7:47 am
 
Forum: Personal Finance (Not Investing)
Topic: How can I amend IRS Form 8938 (2011) easily?
Replies: 0
Views: 187

Is fee to adviser (% of AUM) deductible as investment exp?

My Mom (87) is considering an adviser who charges a fee, calculated as a fixed % of assets under management.

My Mom asked me if this is deductible, and (having never been in that situation) I have no idea.

Is it?

Thanks!

J
by jefmafnl
Thu Mar 21, 2013 3:17 pm
 
Forum: Investing - Theory, News & General
Topic: Is fee to adviser (% of AUM) deductible as investment exp?
Replies: 7
Views: 675

Re: FBAR and back tax returns for expat

Thanks to all who replied.

She probably wouldn't owe any taxes, after taking the foreign earned income exemption and the foreign tax credit for the appropriate portion of the small amount above the exemption.

J
by jefmafnl
Wed Feb 27, 2013 4:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: FBAR and back tax returns for expat
Replies: 5
Views: 712

FBAR and back tax returns for expat

My step-daughter, a US citizen who has worked for several years in a foreign country and paid (substantial) foreign taxes, but has not filed US tax returns, is thinking of filing 6 years' worth of FBAR (Foreign Bank Account) forms to take advantage of temporary leniency. These forms are filed with t...
by jefmafnl
Mon Feb 25, 2013 3:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: FBAR and back tax returns for expat
Replies: 5
Views: 712

Unit investment trusts for Mom (87)?

My Mom (87) wants help from a professional with her investment decisions. Today we interviewed a 2-person team from a firm of financial advisers. Most of their answers were good...they look at the big picture "holistically", are paid by fee only (percent of assets under management), and le...
by jefmafnl
Thu Feb 21, 2013 2:41 am
 
Forum: Investing - Help with Personal Investments
Topic: Unit investment trusts for Mom (87)?
Replies: 2
Views: 258

Reverse mortage and Medicaid

Several years ago my wife and I helped my mother-in-law (now 89, and still living in her house) get a reverse mortgage, since her financial resources had become extremely limited. She's also receiving benefits from Medicaid. Now she's received a letter asking her to come to a hearing regarding her e...
by jefmafnl
Mon Jan 14, 2013 8:27 am
 
Forum: Personal Finance (Not Investing)
Topic: Reverse mortage and Medicaid
Replies: 2
Views: 293

Reverse mortgage and Medicaid eligibility

Several years ago my wife and I helped my mother-in-law (now 89, and still living in her house) get a reverse mortgage, since her financial resources had become extremely limited. She's also receiving benefits from Medicaid. Now she's received a letter asking her to come to a hearing regarding her e...
by jefmafnl
Sat Jan 12, 2013 2:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: Reverse mortgage and Medicaid eligibility
Replies: 1
Views: 339
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