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Re: Best use of tax-deferred space

With only 20 years to retirement a couple's yearly $20k allocation to I Bonds (or more if you want to have trusts or buy paper ones with your tax refund) will increase your tax-deferred fixed income allocation. In effect this will be a ladder to be 'cashed' after you have retired with the benefit of...
by jj
Fri Sep 05, 2014 9:51 am
 
Forum: Investing - Help with Personal Investments
Topic: Best use of tax-deferred space
Replies: 14
Views: 1377

Re: what gender are you?

It's interesting to me to see an approximately 75/25 M/F split. Would any more forum members like to vote? Only 295 have thus far.
by jj
Sun Aug 24, 2014 7:00 am
 
Forum: Local Chapters and Bogleheads Community
Topic: what gender are you?
Replies: 27
Views: 5037

Re: Buying adult child a house vs paying their rent

Houses need maintenance and upkeep. Will the offspring be able to cope with unblocking a toilet, fixing a minor leak, etc. etc. when something happens? Or is the mom in a position to either do this herself or pay someone to do it? Will she even know that something needs fixing to be able to protect ...
by jj
Sat Jul 05, 2014 1:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buying adult child a house vs paying their rent
Replies: 37
Views: 4227

Re: how to protect us from ourselves

Thank you for posting - it sounds like a very interesting book. Especially in the light of the continuing bull market and the euphoria being expressed around here just recently.
by jj
Wed Jul 02, 2014 9:18 pm
 
Forum: Investing - Theory, News & General
Topic: how to protect us from ourselves
Replies: 3
Views: 740

Re: IRS 8938 (Foreign Assets) and Income Repatriation Questi

The deadline for the FBAR is 30th June. It must be filed when overseas banking or financial assets exceed $10,000 in aggregate, not per account. Look at the IRS guidelines for details, it is completed online from this year onward. (When we came to the USA and one of the major accounting firms did ou...
by jj
Mon Jun 16, 2014 5:40 am
 
Forum: Personal Finance (Not Investing)
Topic: IRS 8938 (Foreign Assets) and Income Repatriation Question.
Replies: 9
Views: 401

Re: New to investing at 54 years old

    Sinistress wrote:13,000 goes to health insurance.

    There is no way a couple with income of only $36,000 should pay $13,000 for health insurance under the ACA. Unless there is masses of unearned income (doesn't seem likely) subsidies should be substantial to reduce this.
    by jj
    Wed Jun 04, 2014 5:08 pm
     
    Forum: Investing - Help with Personal Investments
    Topic: New to investing at 54 years old
    Replies: 17
    Views: 2773

    Re: 33 year old Portfolio Check & TransitionalQuestions as I

    You can actually do up to $5,500 per individual to the Roths. ...and $17,500 to the 401k and $6550 to a family HSA. Have you considered I bonds @$20k per annum for a couple, extra if you have trusts and up to $5k from your tax return? At your age, within 30 years of retirement, I would choose them ...
    by jj
    Thu May 29, 2014 3:00 pm
     
    Forum: Investing - Help with Personal Investments
    Topic: 33 year old Portfolio Check & TransitionalQuestions as I age
    Replies: 5
    Views: 1096

    Re: Resources for UK Citizen living in US?

    The British Expats forum would be a place to start britishexpats.com It is a massive forum covering expats around the world. It has a lively USA section, also with one for expats returning to the UK. You may find existing posts there or could post your own questions. There are a few British expat me...
    by jj
    Sat May 17, 2014 7:59 am
     
    Forum: Personal Finance (Not Investing)
    Topic: Resources for UK Citizen living in US?
    Replies: 2
    Views: 421

    Re: Need help with opening kids' Roth IRA

    I called Vanguard to inquire about this, and they told me that the kids will have access to all accounts with their social security numbers on it. They both have UGMA and UTMA that we gifted them over the years and we prefer that we keep that separate from accounts funded by them. Yes, they will be...
    by jj
    Fri May 02, 2014 6:41 am
     
    Forum: Investing - Help with Personal Investments
    Topic: Need help with opening kids' Roth IRA
    Replies: 11
    Views: 946

    Re: "Spinning Off" my 20 Year Old Son

    pshonore wrote: No EIC if you're under 25 and do not have a qualifying child.


    http://www.irs.gov/Individuals/EITC-Inc ... aw-Updates

    Yes, must be age 25, but no qualifying child is required - although the AGI limits to qualify without a child are very low...
    by jj
    Wed Mar 26, 2014 3:47 pm
     
    Forum: Personal Finance (Not Investing)
    Topic: "Spinning Off" my 20 Year Old Son
    Replies: 71
    Views: 6425

    Re: Need health insurance advice (medicaid/obamacare)

    My point to her also was if she gets a serious illness without insurance she could bankrupt me even though I have a nice nest egg and good insurance. and also, I want her to be free to get the best if she gets a serious illness. +1 I have made it part of our IPS that our kids, when they are adults,...
    by jj
    Mon Mar 17, 2014 9:04 pm
     
    Forum: Personal Finance (Not Investing)
    Topic: Need health insurance advice (medicaid/obamacare)
    Replies: 16
    Views: 1656

    Taxes for Summer Internships - withholding calculator

    http://www.irs.gov/Individuals/IRS-Withholding-Calculator Thanks to poster 2cents2 for posting this link in another thread. My son had a college internship last summer and yesterday I helped him do his taxes for the very first time. He had W2 income of around $11,500 which was 12 weeks salary, plus ...
    by jj
    Mon Mar 17, 2014 1:16 pm
     
    Forum: Personal Finance (Not Investing)
    Topic: Taxes for Summer Internships - withholding calculator
    Replies: 0
    Views: 168

    Re: TAYLOR'S UPCOMING 90th BIRTHDAY

    Taylor,

    Many, Many Happy Returns!

    jj
    by jj
    Thu Jan 23, 2014 4:12 pm
     
    Forum: Local Chapters and Bogleheads Community
    Topic: Taylor's 90th Birthday
    Replies: 272
    Views: 22708

    Re: Annuities not needed if you can fund a 30-year retiremen

    You still need someone you trust to manage things even if its just to check that the annuity check is deposited. If things are set up so basic living expenses are covered by annuity+social security deposits each month, the couple or survivor can manage their expenses with fairly low risk if they ca...
    by jj
    Sat Jan 18, 2014 6:43 pm
     
    Forum: Investing - Theory, News & General
    Topic: Annuities not needed if you can fund a 30-year retirement
    Replies: 26
    Views: 2330

    Re: AA at age 55 too safe? Seeking advice

    My reaction to your predicament would be to accurately assess my situation. A first step would be to prepare a post using the forum guidelines as suggested by ofcmetz earlier. Rather than pulling back to a very small stock allocation my thought would be to save as much as I could and look to reduce ...
    by jj
    Sun Jan 12, 2014 9:04 pm
     
    Forum: Investing - Help with Personal Investments
    Topic: AA at age 55 too safe? Seeking advice
    Replies: 9
    Views: 1437

    Re: Rebalancing when money is in taxable account

    I would model this situation for the next few years ahead if I were you. You say you are at 39% equity at the moment when your target is 25-30%. After another 6 years of withdrawing purely from the fixed income side of the portfolio, what does your asset allocation look like then, assuming for ease ...
    by jj
    Sun Jan 12, 2014 8:08 pm
     
    Forum: Investing - Help with Personal Investments
    Topic: Rebalancing when money is in taxable account
    Replies: 21
    Views: 1743

    Re: REGISTRATION FOR THE 2014 BOGLEHEAD CONTEST

    I'll go for 1959.35

    jj
    by jj
    Wed Jan 01, 2014 7:22 pm
     
    Forum: Investing - Theory, News & General
    Topic: REGISTRATION FOR THE 2014 BOGLEHEAD CONTEST
    Replies: 536
    Views: 13845

    Re: Roth Conversion vs Tax Gain Harvest

    3. If you're the over-saving "any withdrawal rate over 0.6% is not safe" type, then you need to be thinking about the dispersement of all of those millions that will be leftover when you pass on, and whether, by tax gain harvesting, you are increasing the cost basis of an investment whose...
    by jj
    Sat Dec 14, 2013 10:28 am
     
    Forum: Investing - Theory, News & General
    Topic: Roth Conversion vs Tax Gain Harvest
    Replies: 15
    Views: 1138

    Re: Help with investing a windfall

    Some good suggestions here so far. It appears as if your current 401K plan is good, the Vanguard TSM Institutional fund is listed but no expense ratios shown. Look into moving your rollover IRA into your current 401K. This will allow you to do Back Door Roth IRAs every year without a lot of taxes to...
    by jj
    Fri Oct 04, 2013 2:41 pm
     
    Forum: Investing - Help with Personal Investments
    Topic: Help with investing a windfall
    Replies: 4
    Views: 664

    Re: 59 1/2 to Social Security critical tax plan execution ti

    Yes, and you don't have to wait until 59 1/2 to do it.

    The early retirement strategy of Roth IRA conversions and/or harvesting capital gains from taxable accounts at low tax brackets is available to you at any age.
    by jj
    Fri Sep 27, 2013 3:26 pm
     
    Forum: Investing - Help with Personal Investments
    Topic: 59 1/2 to Social Security critical tax plan execution time?
    Replies: 12
    Views: 731

    Re: Guaranteed Retirement Income

    You don't give your age but if you are younger than 70 consider deferring your Social Security until then. Use your nest egg to fund your expenses until you get there. Deferring Social Security is a good way to cost effectively increase your guaranteed (cost of living adjusted) income in retirement....
    by jj
    Mon Sep 23, 2013 10:41 am
     
    Forum: Investing - Help with Personal Investments
    Topic: Guaranteed Retirement Income
    Replies: 16
    Views: 1954

    Re: Gift money to parent for Roth IRA

    Good luck getting a medallion signature guarantee. Just went through the ordeal a few days ago.... Well, I know I can do it. I have banked at the same place for 15 years and I did it a few years ago. But, do I really want to go to the time and trouble of doing it? That's the problem. I think the in...
    by jj
    Sat Sep 14, 2013 8:55 pm
     
    Forum: Investing - Help with Personal Investments
    Topic: Gift money to parent for Roth IRA
    Replies: 50
    Views: 2677

    Re: Gift money to parent for Roth IRA

    Vanguard has made this extraordinarily easy if you enroll in their Voice Recognition program. You no longer need the gold medallion signature guarantee. All you have to do is call a representative after your voice has been recognized, tell them what you want to transfer, and to which account, and i...
    by jj
    Sat Sep 14, 2013 10:53 am
     
    Forum: Investing - Help with Personal Investments
    Topic: Gift money to parent for Roth IRA
    Replies: 50
    Views: 2677

    Re: Just applied for Social Security

    Two topics spring to mind: Inflation - while $125k is a great retirement income, how much of that is COLA'd? If only the SS part has a cost of living increase component think about deferring the higher of your two SS amounts until age 70. You may also consider investing some of your income for futur...
    by jj
    Fri Sep 06, 2013 10:36 am
     
    Forum: Personal Finance (Not Investing)
    Topic: Just applied for Social Security
    Replies: 36
    Views: 3061

    Re: Forms FT F 90-22.1 and 8938 [US Tax Forms, Living in UK]

    I was more paranoid back then. There's no move, that I know of, to remove SS from people who expatriate. Expatriating would make my taxes a lot simpler and increase my investment options. Also if my IRA to ROTH rollover strategy works, as a US NRA living in the UK all my retirement money would be t...
    by jj
    Sun Sep 01, 2013 9:01 am
     
    Forum: Personal Finance (Not Investing)
    Topic: Forms FT F 90-22.1 and 8938 [US Tax Forms, Living in UK]
    Replies: 16
    Views: 807

    Re: Help me prepare for Diminished Value Claim

    This happened to me a couple of years ago on my 7-month-old car. Car hit in a parking lot when I was walking toward the car, saw it happen, damaged to the tune of $1000+ and, of course, even when it is repaired as well as it can be a Used Car appraiser will still know that a repair has been done and...
    by jj
    Sun Aug 18, 2013 10:28 pm
     
    Forum: Personal Finance (Not Investing)
    Topic: Help me prepare for Diminished Value Claim
    Replies: 4
    Views: 772

    Re: Simple 3 Fund plan for minor IRA

    According to TurboTax, you need to be above the personal exemption amount: At What Income Does a Minor Have to File an Income Tax Return? A minor in this situation doesn't 'have' to file a federal income tax return but would be well advised to do so as they have likely paid too much in income taxes...
    by jj
    Sun Aug 18, 2013 3:02 pm
     
    Forum: Investing - Help with Personal Investments
    Topic: Simple 3 Fund plan for minor IRA
    Replies: 7
    Views: 311

    Re: [Sad news - Pat Larimore]

    Taylor,

    With my deepest sympathy on the loss of your dear wife.

    Kind regards, jj
    by jj
    Fri Jul 19, 2013 2:48 pm
     
    Forum: Investing - Theory, News & General
    Topic: [Sad news - Pat Larimore]
    Replies: 225
    Views: 16019

    Re: More Retirees May Qualify for Mortgage Under New Rules

    I thought this article might be helpful for those looking for or looking to refinance a mortgage after retirement. It explains how new Freddie Mac/Fannie Mae guidelines allow loan officers to factor retirement savings account balances when determining income. http://seattletimes.com/html/homesreale...
    by jj
    Tue May 28, 2013 11:52 pm
     
    Forum: Personal Finance (Not Investing)
    Topic: More Retirees May Qualify for Mortgage Under New Rules
    Replies: 1
    Views: 522

    Pen Fed Visa offering Chip Enabled card

    A quick search didn't reveal this has been posted so I thought I would do it. I have the Pen Fed Visa Platinum cash Rewards card often talked about on this site. Pen Fed are now offering to convert their Visa cards to the style containing a 'chip' which will facilitate easier use internationally. Th...
    by jj
    Fri Feb 08, 2013 12:01 pm
     
    Forum: Personal Finance (Not Investing)
    Topic: Pen Fed Visa offering Chip Enabled card
    Replies: 1
    Views: 425

    Re: 2013 BOGLEHEAD CONTEST REGISTRATION

    1507.07
    by jj
    Wed Jan 02, 2013 8:27 pm
     
    Forum: Investing - Theory, News & General
    Topic: 2013 BOGLEHEAD CONTEST REGISTRATION
    Replies: 481
    Views: 15469

    Re: Dinner Guest Issues

    HongKonger wrote:
    And I concur that the lamb with no mint sauce is a faux pas.


    Redcurrant jelly is de rigueur with lamb in my household.... :twisted:
    by jj
    Sun Dec 30, 2012 12:09 pm
     
    Forum: Personal Consumer Issues
    Topic: Dinner Guest Issues
    Replies: 149
    Views: 12199

    Re: Retiring Vanguard CIO Gus Sauter Looks Back

    Thank you for posting, I almost missed this article.

    Happy retirement Gus Sauter!
    by jj
    Sat Dec 29, 2012 7:42 pm
     
    Forum: Investing - Theory, News & General
    Topic: Retiring Vanguard CIO Gus Sauter Looks Back
    Replies: 13
    Views: 1678

    Re: Vanguard distributions considerably higher than estimate

    ResNullius wrote:I don't know the answer, but one pure guess might be that some companies upped their dividends considerably within just the past couple weeks, some just the past couple days.


    Agreed. This is almost certainly the reason, I just wanted to alert board readers.
    by jj
    Thu Dec 20, 2012 9:59 am
     
    Forum: Investing - Theory, News & General
    Topic: Vanguard distributions considerably higher than estimates
    Replies: 6
    Views: 1024

    Vanguard distributions considerably higher than estimates

    As we are doing a Roth conversion this year I am keeping a close eye on distributions this December. As the first ones have come in it is interesting to see that some are considerably higher than the Vanguard estimates published at the beginning of this month. For example, VTSAX, the admiral version...
    by jj
    Thu Dec 20, 2012 9:44 am
     
    Forum: Investing - Theory, News & General
    Topic: Vanguard distributions considerably higher than estimates
    Replies: 6
    Views: 1024

    Re: Your experience-Vanguard Charitable Endowment Program?

    I set up an account with the Vanguard Charitable Endowment Program two years ago. $25,000 was the about the amount I wanted to contribute so I did not view the $25,000 minimum as a problem. As our assets are mostly with Vanguard it made more sense to stick with their endowment program, although I di...
    by jj
    Thu Dec 13, 2012 6:16 pm
     
    Forum: Personal Finance (Not Investing)
    Topic: Your experience-Vanguard Charitable Endowment Program?
    Replies: 11
    Views: 1114

    Re: Please help with windfall and asset allocation

    Can someone explain tilting as it applies to the house for me. Thanks, I think you are misreading titled as tilted . OP reports that the house ownership is titled as Joint with Right of Survivorship (sometimes abbreviated to JTWROS) which means should her husband predecease her, the house becomes h...
    by jj
    Sun Sep 09, 2012 7:10 pm
     
    Forum: Investing - Help with Personal Investments
    Topic: Please help with windfall and asset allocation
    Replies: 30
    Views: 2291

    Re: Where to put a windfall that I cannot risk now?

    I was in a similar situation earlier this year. Moving from a semi-retired to fully retired position. Our asset allocation recently had been 45% stock to 55% fixed income/bond. With the cash injection from the sale of a second property I purchased -$20k in i bonds, and with the rest - 50% Total Bond...
    by jj
    Sun Sep 02, 2012 9:46 am
     
    Forum: Investing - Help with Personal Investments
    Topic: Where to put a windfall that I cannot risk now?
    Replies: 26
    Views: 2972

    Re: The Conversation Project

    Thank you for posting about this nonnie. It is a very important part of the 'estate plan' which all of us should make.

    jj
    by jj
    Sat Sep 01, 2012 4:25 pm
     
    Forum: Personal Finance (Not Investing)
    Topic: The Conversation Project
    Replies: 6
    Views: 734

    Re: Umbrella Insurance

    One claimed that insurance companies sometimes check the assets of policy holders to make sure they actually have the assets the umbrella policy is insuring. For instance they're not going to cover you for $2M in liability if you don't have $2M in assets. I've never had that happen to me. Has anyon...
    by jj
    Sat Sep 01, 2012 4:17 pm
     
    Forum: Personal Finance (Not Investing)
    Topic: Umbrella Insurance
    Replies: 50
    Views: 3916

    Re: Amica insurance -- Anybody members here??

    with the great buzz about them I also priced them but found them significantly higher than Allstate... My experience was the exact opposite. We had been with Allstate since 1998 and had shopped around once or twice in the following ten years, not finding the savings worth the bother of changing ins...
    by jj
    Sat Aug 25, 2012 4:52 pm
     
    Forum: Personal Finance (Not Investing)
    Topic: Amica insurance -- Anybody members here??
    Replies: 45
    Views: 9652

    Re: Medicare makes 65 de facto retirement age & early retire

    5) Have health insurance premiums paid by one's employer as part of a pension / defined benefit package. Nice if you already have it. Probably not plausible for younger workers these days where pensions are an increasingly rare species, and where typical job tenures with a single employer probably ...
    by jj
    Sat Aug 25, 2012 9:55 am
     
    Forum: Investing - Theory, News & General
    Topic: Medicare makes 65 de facto retirement age & early retirement
    Replies: 126
    Views: 8330

    Re: Bonds!!??

    William4u wrote:Nisiprius' posts should be on the Boglehead bond wiki.


    +1
    by jj
    Sat Aug 18, 2012 8:00 pm
     
    Forum: Investing - Help with Personal Investments
    Topic: Bonds!!??
    Replies: 56
    Views: 10899

    Re: "Flagship Plus"

    I have to confess that we were invited to a luncheon by Vanguard back in May, 2005 at the St. Regis Hotel, Houston. The previous year we had moved a portion of our assets to Vanguard and had a free financial plan done where we had disclosed further outside assets. It was a pleasant luncheon with a n...
    by jj
    Sun Apr 15, 2012 12:34 pm
     
    Forum: Investing - Theory, News & General
    Topic: "Flagship Plus"
    Replies: 65
    Views: 16459

    Re: Poll: Average Health Costs during retirement

    I am also curious about the results of this poll. Health costs after 65 are a very important budget item and it would be great to have some actual feedback from Bogleheads who are already in this phase of their retirement.

    Thanks to all who contribute.
    by jj
    Fri Apr 13, 2012 8:11 pm
     
    Forum: Personal Finance (Not Investing)
    Topic: Poll: Average Health Costs during retirement
    Replies: 35
    Views: 2663

    Re: Tax Form 8938 - Statement of Specified Foreign Fin'l Ass

    The 8938 is a rather strange form cobbled together at the last minute by the IRS. If you try to complete it you realize it makes no sense, unlike the TDF 90-22.1 which is at least logical. By imposing a painful process of annual valuation of assets which are often not capable of valuation, Form 893...
    by jj
    Tue Apr 03, 2012 7:05 am
     
    Forum: Investing - Help with Personal Investments
    Topic: Tax Form 8938 - Statement of Specified Foreign Fin'l Assets
    Replies: 18
    Views: 2515

    Re: Tax Form 8938 - Statement of Specified Foreign Fin'l Ass

    Thank you for the heads up about the 8938. Somehow, I missed this one, not realizing that you had to fill out both the TDF 90-22.1 AND the 8396. If it's not hijacking this thread, I am wondering if someone knows whether the cash value in whole life insurances policies should be classified under Par...
    by jj
    Sun Apr 01, 2012 6:21 pm
     
    Forum: Investing - Help with Personal Investments
    Topic: Tax Form 8938 - Statement of Specified Foreign Fin'l Assets
    Replies: 18
    Views: 2515

    Re: Any thoughts on the Brightstart Direct Sold Plan (529)?

    We use it too. Beneficiary is still only 4 though, so time will tell. I agree with the other posters who give the Vanguard indexed funds portfolios a 'shout out'. Low expense ratios and low annual fee. We are steering well clear of the managed funds. I would think that living in IL it's a very good ...
    by jj
    Thu Feb 23, 2012 10:51 pm
     
    Forum: Investing - Help with Personal Investments
    Topic: Any thoughts on the Brightstart Direct Sold Plan (529)?
    Replies: 8
    Views: 521

    Re: Medicare Taxes Affect on Portfolio Allocations

    Rick Ferri wrote:I wrote an article that dovetails on this discussion. It includes a chart illustrating the 2013 dividend tax increase by income...wow!

    This Decade's Biggest Investment Challenge

    Rick Ferri


    Thank you for that article Rick. We certainly live in interesting times....
    by jj
    Tue Feb 21, 2012 9:34 pm
     
    Forum: Investing - Theory, News & General
    Topic: Medicare Taxes Affect on Portfolio Allocations
    Replies: 23
    Views: 2038

    Re: Post your asset allocation here:

    Retired, age 58/53 Asset Allocation 40 Equity/60 Fixed (intend to keep this long term) 24% US Equities 16% Int'l Equities 10% i bonds and CD's (7 yr Pen Fed, 3.25% and 6%) 31% Muni bond funds (mostly Ltd term, some intermediate, long and HY) 17% Taxable bond funds (All in trad IRA, slowly converting...
    by jj
    Mon Feb 13, 2012 9:41 pm
     
    Forum: Investing - Theory, News & General
    Topic: Post your asset allocation here:
    Replies: 136
    Views: 11481
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