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Re: Trust Income Inheritance - Taxable?

You've got it right. Capital assets receive a stepped up basis, but ordinary income assets still retain their ordinary income characteristics and remain taxable following death. The mistake may have been to pull all the incoome out at one time. Gill Thanks for the response. Trusts, Annuities, Life ...
by jimcrawford01
Fri Mar 20, 2015 5:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Trust Income Inheritance - Taxable?
Replies: 4
Views: 537

Re: Trust Income Inheritance - Taxable?

If you go to the free dinner seminar and you buy the annuity, the living trust, the timeshare, or the bridge, not only did you pay for your free dinner, but you paid for the free dinners for everyone else in the room. Well, you answered a question but not exactly the one that I asked. A simple erro...
by jimcrawford01
Fri Mar 20, 2015 5:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Trust Income Inheritance - Taxable?
Replies: 4
Views: 537

Trust Income Inheritance - Taxable?

I am the Personal Rep for the estate of my deceased step dad. He had a Revocable Trust that owned an Interest Annuity. He bought this Annuity for $150,000 and at the time of his death, was surrendered for $230,000. So, an $80,000 gain that has not been taxed. If the estate pays the tax on this (befo...
by jimcrawford01
Thu Mar 19, 2015 7:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Trust Income Inheritance - Taxable?
Replies: 4
Views: 537

Re: Petition for Jack Bogle's Presidential Medal of Freedom

. Over 330 new sign ups on March 3, 2015 - maybe things will are starting to take off. This Wall Street Journal article by Boglehead Allan Roth definitely helped. https://www.bogleheads.org/forum/viewtopic.php?p=2401081#p2401081 I have written to my Congressional person who is on the Committee, urg...
by jimcrawford01
Wed Mar 04, 2015 6:18 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: SIGN PETITION FOR Jack Bogle's Presidential Medal of Freedom
Replies: 182
Views: 11591

Re: TurboTax '14 Deluxe (Desktop) Excludes Schedule D

I wish Vanguard would either rein in TurboTax or switch to a less greedy competitor. Tell your Flagship rep. I'l definitely let mine know. I did indeed speak with my Vanguard Flagship person and several others reps, as well. I am very disappointed in Vanguard. They are trying to "give" me...
by jimcrawford01
Thu Jan 08, 2015 3:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: TurboTax '14 Deluxe (Desktop) Excludes Schedule D
Replies: 223
Views: 31158

Re: Annuity into Roth?

Rather than surrendering it he'd probably be better off doing a like kind exchange into a Vanguard variable annuity, the ER of Vanguard's variable annuity accounts are slightly higher than the base funds but still very reasonable and probably much lower than what he's paying. Vanguard offers many o...
by jimcrawford01
Mon Jan 05, 2015 10:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Annuity into Roth?
Replies: 6
Views: 629

Re: Annuity into Roth?

Annuities cannot be rolled into an IRA of any type or to a qualified employer plan. To avoid taxes on the surrender of an annuity, the annuity owner is limited to an exchange under Sec 1035: https://www.immediateannuities.com/1035-annuity-exchanges/ Of course, the result is another insurance produc...
by jimcrawford01
Mon Jan 05, 2015 10:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Annuity into Roth?
Replies: 6
Views: 629

Re: Annuity into Roth?

Annuities cannot be rolled into an IRA of any type or to a qualified employer plan. To avoid taxes on the surrender of an annuity, the annuity owner is limited to an exchange under Sec 1035: https://www.immediateannuities.com/1035-annuity-exchanges/ Of course, the result is another insurance produc...
by jimcrawford01
Mon Jan 05, 2015 9:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Annuity into Roth?
Replies: 6
Views: 629

Annuity into Roth?

My nephew was (unfortunately) steered to a variable annuity with Metlife more than 14 years ago. My advice to him is to surrender it and walk away. Then, if possible, rollover the money into his Roth. Can the money be rolled over into his existing Roth IRA? Or is the money simply considered income (...
by jimcrawford01
Sun Jan 04, 2015 4:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Annuity into Roth?
Replies: 6
Views: 629

Re: Savings Bond Wizard update keeps failing

My Savings Bond Wizard wants to update but every time I try to do it, it bombs out. I leaves a window titled "0% Extacting" that won't go away until I reboot. Anyone else having this problem? I had a problem because I use Chrome for my browser (no pun intended). No problem if I use IE or ...
by jimcrawford01
Tue Dec 02, 2014 10:39 am
 
Forum: Personal Finance (Not Investing)
Topic: Savings Bond Wizard update keeps failing
Replies: 4
Views: 623

Re: Norwegian Airlines

Pilots and pilot unions are quite afraid of the further race to the bottom posed by Norwegian's business model. However, safety would not be a reason for which I would not fly on the airline. There are other carriers with safety cultures which scare me much more. Norwegian is being quite innovative...
by jimcrawford01
Mon Sep 29, 2014 9:18 am
 
Forum: Personal Consumer Issues
Topic: Re: Norwegian Airlines
Replies: 25
Views: 2522

Re: Norwegian Airlines

Quote from ALPA (Airline Pilots Association): Norwegian Air International, a subsidiary of a Norwegian airline, has headquartered its operations in Ireland to take advantage of a lower labor and regulatory environment—counter to U.S. law and the U.S.-EU Air Transport Agreement, or Open Skies. NAI’s ...
by jimcrawford01
Sun Sep 28, 2014 7:00 pm
 
Forum: Personal Consumer Issues
Topic: Re: Norwegian Airlines
Replies: 25
Views: 2522

Re: Can I add to a converted IRA?

I am interested in keeping the number of accounts down and keeping things simple. If I have existing Roth IRAs that were converted three years ago from traditional IRAs, can I add additional funds to the converted Roths or do I need to open a new Roth for funds I would like to add this year? I am r...
by jimcrawford01
Mon Mar 25, 2013 8:24 am
 
Forum: Personal Finance (Not Investing)
Topic: Can I add to a converted IRA?
Replies: 16
Views: 928

Re: Can I add to a converted IRA?

I am interested in keeping the number of accounts down and keeping things simple. If I have existing Roth IRAs that were converted three years ago from traditional IRAs, can I add additional funds to the converted Roths or do I need to open a new Roth for funds I would like to add this year? I thin...
by jimcrawford01
Sun Mar 24, 2013 5:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can I add to a converted IRA?
Replies: 16
Views: 928

Re: Can I add to a converted IRA?

I am interested in keeping the number of accounts down and keeping things simple. If I have existing Roth IRAs that were converted three years ago from traditional IRAs, can I add additional funds to the converted Roths or do I need to open a new Roth for funds I would like to add this year? I thin...
by jimcrawford01
Sun Mar 24, 2013 10:37 am
 
Forum: Personal Finance (Not Investing)
Topic: Can I add to a converted IRA?
Replies: 16
Views: 928

Re: Metlife Variable Annuity Qs

Thanks to all who responded. My friend and I met with the Primerica rep who was selling the MetLife Primelite IV Variable Annuity. I was NOT impressed. At times, it seemed that I might know more than she did. THAT is a scary thought. The first five minutes did not go well so she called her boss and ...
by jimcrawford01
Fri Mar 15, 2013 10:59 am
 
Forum: Investing - Help with Personal Investments
Topic: Metlife Variable Annuity Qs
Replies: 14
Views: 1890

Re: Metlife Variable Annuity Qs

I would not try to talk your friend into or out of the variable annuity or becomming a BH. The most I would say is that you don't personally care for variable annuities and that you are a BH. Leave the rest to him. As soon as you talk him into anything, something will happen to lower the value of h...
by jimcrawford01
Fri Mar 15, 2013 10:36 am
 
Forum: Investing - Help with Personal Investments
Topic: Metlife Variable Annuity Qs
Replies: 14
Views: 1890

Re: Metlife Variable Annuity Qs

Thanks to all. Your replies are appreciated. You have confirmed my beliefs. Now, I will try to persuade my friend. I have read the glossy pamphlets and the Prospectus but still didn't have a good command of the info. They certainly do not make it easy! I do have a plan. We are to meet with the agent...
by jimcrawford01
Fri Feb 22, 2013 9:59 am
 
Forum: Investing - Help with Personal Investments
Topic: Metlife Variable Annuity Qs
Replies: 14
Views: 1890

Metlife Variable Annuity Qs

A friend is considering a Metlife PrimElite IV Variable Annuity. The agent trying to sell this thing states that it has a guaranteed 5%, even in years of market downturn. I'm skeptical. I had always thought that Variable Annuities were to be avoided due to excessive fees. An SPIA is more my style bu...
by jimcrawford01
Thu Feb 21, 2013 9:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Metlife Variable Annuity Qs
Replies: 14
Views: 1890

Re: New Hampshire/Maine Local Chapter

Hi Maria

I need you town and email address and I will add you to the list.

Plz reply to:

jimcrawford36@yahoo.com

Thanx.

Jim
by jimcrawford01
Wed Oct 17, 2012 7:39 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: New Hampshire/Maine Local Chapter
Replies: 11
Views: 2046

Re: New Hampshire/Maine Local Chapter

Dr12 and jojay

Please email me at

jimcrawford36@yahoo.com

Need

first name
Email address
City

I private mailed you but no response.

Jim
by jimcrawford01
Wed Sep 26, 2012 8:11 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: New Hampshire/Maine Local Chapter
Replies: 11
Views: 2046

Re: Education advice from Boglehead pilots?

GA (General Aviation) covers a very wide range of flyers, aircraft and operations.

In addition to all previously cited, EAA.org (Experimental Aircraft Association) would be worth your efforts.

Keep the shiny side up.

Jim
by jimcrawford01
Sun Jul 15, 2012 7:30 pm
 
Forum: Personal Consumer Issues
Topic: Education advice from Boglehead pilots?
Replies: 11
Views: 1154

Calculating My BETA

I am trying to use a Spread Sheet to determine the BETA of my Portfolio. Does Vanguard provide this anywhere? Do any of you do this yourself? Can you describe how you do it? I can get the daily movement of the DJIA, S&P500 and Nasdaq, expressed in %. I can take movement of the portfolio in $ and...
by jimcrawford01
Wed Jul 11, 2012 9:51 am
 
Forum: Personal Finance (Not Investing)
Topic: Calculating My BETA
Replies: 0
Views: 166

Re: The house that Bogle built

Mr Bogle is da MAN.

He certainly changed the course of my life, for the better.

I will always be grateful.
by jimcrawford01
Fri Apr 27, 2012 10:34 am
 
Forum: Investing - Theory, News & General
Topic: The house that Bogle built
Replies: 7
Views: 1019

Re: Where do we bogleheads Splurge?!

Airplane and Motorcycle.

Otherwise, I am a true BogleHead. That is how I can participate in the Airplane and Motorcycle activities.
by jimcrawford01
Mon Apr 16, 2012 8:10 am
 
Forum: Personal Consumer Issues
Topic: Where do we bogleheads Splurge?!
Replies: 138
Views: 9227

Re: NH/ME Local Chapter Includes MAINE

leod wrote:count me in :beer


Hello leod

Sent you a PM.

Plz check in at

jimcrawford36@yahoo.com

Thanks

Jim
by jimcrawford01
Sun Apr 08, 2012 6:02 am
 
Forum: Local Chapters and Bogleheads Community
Topic: NH/ME Local Chapter Includes MAINE
Replies: 7
Views: 941

Re: NH/ME Local Chapter Includes MAINE

Mel Lindauer wrote:Wonder if they're still snowed in? :D


Not this year. A very unusual Winter.
by jimcrawford01
Sat Apr 07, 2012 6:52 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: NH/ME Local Chapter Includes MAINE
Replies: 7
Views: 941

NH/ME Local Chapter Includes MAINE

Forming a Local Chapter BUT have not heard from any folks in MAINE.

I knowyou're out there.

jimcrawford36@yahoo.com

Jim
by jimcrawford01
Thu Apr 05, 2012 8:54 am
 
Forum: Local Chapters and Bogleheads Community
Topic: NH/ME Local Chapter Includes MAINE
Replies: 7
Views: 941

Re: series ee savings bonds

tfb wrote:
boglethis wrote:how come?

Rate too low. Having to hold 20 years for a half-decent rate is too long.


But isn't the gain tax free if used for education? Not a bad vehicle for the kid's education.
by jimcrawford01
Thu Mar 29, 2012 1:37 pm
 
Forum: Investing - Theory, News & General
Topic: series ee savings bonds
Replies: 24
Views: 1923

Re: Fidelity Vs. Vanguard - Apples to Apples?

Make sure you ask F to explain Jeff Vinnick and Micron Tech circa 1986. I'm sure that F still has your best interests in mind and will always be truthful with you and all their customers, as they always have, right?
by jimcrawford01
Sun Mar 18, 2012 10:53 am
 
Forum: Investing - Help with Personal Investments
Topic: Fidelity Vs. Vanguard - Apples to Apples?
Replies: 16
Views: 2836

Re: Any Local Chapters in NH?

Hello Bogleheads My name is Jim Crawford and I live in Center Conway, NH. I recently volunteered to be the Coordinator for a new Local Boglehead Chapter and Mel L has been kind enough to set it up for us. We have named it the NH/ME Local Chapter (LC) but I don’t think that it precludes anyone from p...
by jimcrawford01
Mon Mar 12, 2012 5:32 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: Any Local Chapters in NH?
Replies: 8
Views: 3589

New Hampshire/Maine Local Chapter

Hello Bogleheads My name is Jim Crawford and I live in Center Conway, NH. I recently volunteered to be the Coordinator for a new Local Boglehead Chapter and Mel L has been kind enough to set it up for us. We have named it the NH/ME Local Chapter (LC) but I don’t think that it precludes anyone from p...
by jimcrawford01
Mon Mar 12, 2012 5:26 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: New Hampshire/Maine Local Chapter
Replies: 11
Views: 2046

Re: New Hampshire Seacoast Chapter

I live in Center Conway, NH. Would that qualify?
by jimcrawford01
Thu Mar 08, 2012 5:28 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: New Hampshire Seacoast Local Chapter?
Replies: 4
Views: 665

Re: WANT TO HAVE LUNCH WITH JACK BOGLE?

While Mr Bogle is THE MAN and the $$ is for charity, the fact that I am a Boglehead will preclude my participation. Thanks for the invite.
by jimcrawford01
Mon Mar 05, 2012 8:31 am
 
Forum: Investing - Theory, News & General
Topic: Want to Have Lunch with Jack Bogle?
Replies: 15
Views: 4095

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