Search found 3038 matches

Return to advanced search

Re: how to withdraw from the IRA during retirement

Wait, you have to file quarterlies when you're getting tIRA withdrawals? Even if Vanguard is withholding tax and (I assume) sending it in to the IRS itself? I hadn't thought about this part and am about to start withdrawals and conversions next year. Withdrawals of pre-tax money from a traditional ...
by jsl11
Tue Sep 02, 2014 2:14 am
 
Forum: Personal Finance (Not Investing)
Topic: how to withdraw from the IRA during retirement
Replies: 13
Views: 1246

Re: Age in Stocks: Should you have a Reverse Glidepath?

These conclusions are based on historical data. We don't know that future markets will give the same result. In addition, many retirees (perhaps most), feel that when they have achieved sufficient resources to fund a comfortable retirement, their primary objective is capital preservation, aka, don't...
by jsl11
Mon Sep 01, 2014 2:28 pm
 
Forum: Investing - Theory, News & General
Topic: Age in Stocks: Should you have a Reverse Glidepath?
Replies: 21
Views: 1189

Bogleheads in Consumer Reports Magazine

The October 2014 issue of Consumer Reports mentions the Bogleheads. In an article on retirement planning, there is a feature box titled "Why women should think differently about retirement planning". One of the suggestions is "Educate yourself about planning" Under that heading i...
by jsl11
Sat Aug 30, 2014 2:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Bogleheads in Consumer Reports Magazine
Replies: 6
Views: 909

Re: Costco:is it worth it for just two people?

Costco used to be a haven of quality at excellent prices. sadly, though we joined for these high quality items, now costco seems focused increasingly on the 'value/private label trend' which means high quality brands are being replaced with uncertain quality rebranded stuff. If you haven' tried the...
by jsl11
Sat Aug 30, 2014 1:01 pm
 
Forum: Personal Consumer Issues
Topic: Costco:is it worth it for just two people?
Replies: 110
Views: 6388

Re: Costco:is it worth it for just two people?

We are a retired couple and our executive membership pays for itself. It is true that some items come in such large quantities that we cannot use them. However, we just skip those items and there are plenty of others that work out just fine. Keep in mind that most non-food items do not require bulk ...
by jsl11
Sat Aug 30, 2014 12:59 pm
 
Forum: Personal Consumer Issues
Topic: Costco:is it worth it for just two people?
Replies: 110
Views: 6388

Re: Excess RMD

Reinvest it in a taxable account.
by jsl11
Sat Aug 30, 2014 12:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Excess RMD
Replies: 19
Views: 950

Re: Induction Range Worth the Price?

You may not be familiar with induction cooking. I'm not. That is why I said nothing about it. I just wrote about the alternative OP was considering. lot of people expect gas and have the same misunderstands about induction that jsl11 had. I understand induction perfectly well. However, I wrote abou...
by jsl11
Fri Aug 29, 2014 10:45 am
 
Forum: Personal Consumer Issues
Topic: Induction Range Worth the Price?
Replies: 14
Views: 1091

Re: Induction Range Worth the Price?

Smooth top ranges look nice if they are well maintained and not abused. There are some cautions you need to follow with them. 1. Any spills should be cleaned up ASAP so things don't cook onto the surface. There are special polishes available for this purpose. Be extra careful not to get plastic wrap...
by jsl11
Fri Aug 29, 2014 1:38 am
 
Forum: Personal Consumer Issues
Topic: Induction Range Worth the Price?
Replies: 14
Views: 1091

Re: Savers vs. Spenders: Default Mode

I would suggest that some people, strive to achieve a balance between spending and saving. These people would be
neither "spenders" nor "savers".
Jeff
by jsl11
Wed Aug 27, 2014 12:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Savers vs. Spenders: Default Mode
Replies: 34
Views: 2189

Re: Backdoor Roth IRA Timing Question

Why not tell Schwab that if they want to keep you as a happy client, they should give you the bonus for adding to the 401k?
Jeff
by jsl11
Mon Aug 25, 2014 8:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth IRA Timing Question
Replies: 10
Views: 855

Re: Zegna Suits

For a big occasion, you can rent a tuxedo for much less and you will look really sharp.
Jeff
by jsl11
Sun Aug 24, 2014 2:56 pm
 
Forum: Personal Consumer Issues
Topic: Zegna Suits
Replies: 197
Views: 8922

Re: Should I fix a "totaled" car

I had a car repaired that was seriously damaged. Since it was a Toyota, the value was high enough that the insurance company did not declare it "totaled". The car was never the same after it was repaired. Although I really liked the car before the accident, I traded it in less than a year ...
by jsl11
Sun Aug 24, 2014 1:18 am
 
Forum: Personal Consumer Issues
Topic: Should I fix a "totaled" car
Replies: 32
Views: 2185

Re: Saving for a car

Keep in mind that you may need to buy a car much sooner than planned. Things, such as theft and crashes, can occur at any time. If such an event should happen, you may get an insurance payment, but you may wish to spend more than that on the new car. If that money is tied up in a bond fund, you may ...
by jsl11
Sat Aug 23, 2014 4:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: Saving for a car
Replies: 20
Views: 1593

Re: Help - my IRA got distributed without my instructions

Thanks for the replies, all. This is truly a great community. I have the savings to make up the 4k, so here is my understanding of next steps: 1. deposit the 36k check from the old ira into my account; will they send me some tax document for the withholding? 2. send a 40k check to the new IRA accou...
by jsl11
Sat Aug 23, 2014 2:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help - my IRA got distributed without my instructions
Replies: 9
Views: 1083

Re: Help - my IRA got distributed without my instructions

You can, and should do a rollover within 60 days to a new IRA account. However, the old account was 40K, so the new account must also be 40k to avoid taxes and penalties. Accordingly, you need to use the 36K distribution and an additional 4K in other money when you open your new IRA. You can get the...
by jsl11
Sat Aug 23, 2014 10:45 am
 
Forum: Personal Finance (Not Investing)
Topic: Help - my IRA got distributed without my instructions
Replies: 9
Views: 1083

Re: Good place to buy eyeglasses without insurance?

Costco is an excellent place to get good glasses inexpensively. My glasses are bifocals with UV and scratch coatings in titanium frames. The total cost was about $190. My family has bought several pairs over the years and we have always been happy with them.
Jeff
by jsl11
Thu Aug 21, 2014 4:42 pm
 
Forum: Personal Consumer Issues
Topic: Good place to buy eyeglasses without insurance?
Replies: 39
Views: 2405

Re: Lipitor at Costco with Membership

Wow I had no idea some meds are free! Why would any co give an Rx for free? It gets you into their store. They will also make you wait for the prescription on the hope that you will do some shopping while you are there waiting. They figure to make more profit on your other purchases than the medici...
by jsl11
Thu Aug 14, 2014 1:25 am
 
Forum: Personal Consumer Issues
Topic: [Low cost] Lipitor
Replies: 13
Views: 1557

Re: 3.3% Vanguard 10 year CD

When comparing a 10-year CD with a 5-year CD, the only question to consider is what would the rate be 5 years from now on a second 5-year CD. If the rate 5 years from now is higher by an amount such that the two 5-year CDs in series is higher than the 10-year CD you can buy now, then the 5-year is b...
by jsl11
Sat Aug 09, 2014 6:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: 3.3% Vanguard 10 year CD
Replies: 99
Views: 9649

Re: Question re- EE Bonds

Some banks (most?) will redeem them if you have an account. If you do not have an account, the limit is $1000 IIRC. If you cannot find a bank to redeem them, they can be redeemed by mail to the Treasury Dept. The forms and instructions are on http://www.savingsbonds.gov. However, if they are earning...
by jsl11
Fri Aug 08, 2014 2:23 am
 
Forum: Personal Finance (Not Investing)
Topic: Question re- EE Bonds
Replies: 18
Views: 1632

Re: What Used Car Should I Get for <10K

The current new Camry is a 14.5 model. It is the same as the 14, except they made the backup camera standard. For 20K, you should be able to find a new 14 if they are still around. Also, if you can wait a few months, the 15's will be out, and you should be able to get a good price on a 14.5.
Jeff
by jsl11
Thu Aug 07, 2014 10:41 am
 
Forum: Personal Consumer Issues
Topic: What Used Car Should I Get for <10K
Replies: 30
Views: 2473

Re: What Used Car Should I Get for <10K

dickenjb wrote:Spend 16K and get a low mileage 2011 Camry. That gets you the latest safety features including Electronic Stability Control (estimated to save more lives than seatbelts!) and side curtain airbags.

The 2010 Camry is almost indistinguishable from the 2011 model.
Jeff
by jsl11
Wed Aug 06, 2014 4:55 pm
 
Forum: Personal Consumer Issues
Topic: What Used Car Should I Get for <10K
Replies: 30
Views: 2473

Re: What Used Car Should I Get for <10K

Pick up a Consumer's Reports car buying guide at the mag stand. Reliability is compiled from an annual survey (I participate each year). A quick summary: late model Accord or Camry as mentioned above. They are the leaders in the mid-sized sedans for good reason, but the CR guide provides year speci...
by jsl11
Wed Aug 06, 2014 2:06 pm
 
Forum: Personal Consumer Issues
Topic: What Used Car Should I Get for <10K
Replies: 30
Views: 2473

Re: NE Ohio (Cleveland Area) Master Thread

The meetings run from 10:00 AM to roughly noon.
Jeff
by jsl11
Tue Aug 05, 2014 11:21 am
 
Forum: Local Chapters and Bogleheads Community
Topic: NE Ohio (Cleveland Area) Master Thread
Replies: 18
Views: 2255

Re: Planning for Minimum Required Distributions

Also please do not plan to withdraw 3.6%, but rather take the sum of the 12/31/2014 FMV's of your two IRA's and divide by 27.4 It is actually more like 3.65% but the only approved method is to divide by the divisor. Any amounts not distributed will be penalized at 50%. Amen to that. The rules say t...
by jsl11
Tue Aug 05, 2014 11:15 am
 
Forum: Investing - Help with Personal Investments
Topic: Planning for Minimum Required Distributions
Replies: 12
Views: 576

Re: High School Reunions--Have you attended?

I have attended several reunions over the years, and they were fun and interesting, but nothing really special. However, while I was in high school, I played in the band and orchestra. A few years ago, my classmates organized an instrumental music department reunion. Although this included roughly 1...
by jsl11
Mon Aug 04, 2014 2:10 am
 
Forum: Personal Consumer Issues
Topic: High School Reunions--Have you attended?
Replies: 79
Views: 5082

Re: Do I need umbrella insurance?

This seems illogical. Why wouldn't they sell to someone with little exposure to liability? Because it doesn't sound like the OP has primary liability insurance in his name which is generally how umbrella works. It would seem that he would need to also have renter's insurance on his belongings. That...
by jsl11
Sat Aug 02, 2014 11:35 am
 
Forum: Personal Finance (Not Investing)
Topic: Do I need umbrella insurance?
Replies: 24
Views: 2683

Re: Sam's Club Mastercard Deal

I have Costco but got the sam's groupon deal last week.. since I needed tire repair in the tires I bought from Sam's a few years ago. Thinking about this card as well. Does anyone know if Costco amex will be matched to something similar? 5% back on gas is hard to say no to, especially at Sams. I ge...
by jsl11
Fri Aug 01, 2014 12:49 pm
 
Forum: Personal Consumer Issues
Topic: Sam's Club Mastercard Deal
Replies: 7
Views: 737

Re: Quick question on Credit Card Interest

Thx for the replies. I called them and figured it out. Essentially I'm paying off the prior months purchases so buying stuff in august won't incur me interest This true only if your previous month balance was also paid in full. Once you have an unpaid balance, they calculate interest on an the aver...
by jsl11
Thu Jul 31, 2014 3:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Quick question on Credit Card Interest
Replies: 10
Views: 923

Re: state income tax withheld from IRA distribution?

I do not believe it is that expensive when the mechanism is already in place. All Vanguard would need is an account number to transfer into for each state, and the taxpayer ID number to credit the proper account. Vanguard already has our taxpayer ID numbers. Accordingly, it would be just a simple ch...
by jsl11
Wed Jul 30, 2014 1:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: state income tax withheld from IRA distribution?
Replies: 44
Views: 1911

Re: Wise to split $$ between Vanguard and advisor?

It seems that you are mixing investment management and financial planning. These are two different things. Why not consider Vanguard for investment management, and get financial planning from a financial planner who does not invest the money. The financial planner could be on retainer, or could be p...
by jsl11
Wed Jul 30, 2014 10:53 am
 
Forum: Investing - Help with Personal Investments
Topic: Wise to split $$ between Vanguard and advisor?
Replies: 38
Views: 2313

Re: state income tax withheld from IRA distribution?

Vanguard will not withhold income tax for Ohio. If I make an IRA withdrawal, I must make other arrangements to pay the tax. It is an inconvenience, and I have asked them to change the policy. So far, they have not. Jeff Yes, Ohio is one of the states subject to the fifth rule, i.e., it is not liste...
by jsl11
Wed Jul 30, 2014 10:32 am
 
Forum: Personal Finance (Not Investing)
Topic: state income tax withheld from IRA distribution?
Replies: 44
Views: 1911

Re: state income tax withheld from IRA distribution?

Vanguard will not withhold income tax for Ohio. If I make an IRA withdrawal, I must make other arrangements to pay the tax. It is an inconvenience, and I have asked them to change the policy. So far, they have not.
Jeff
by jsl11
Wed Jul 30, 2014 1:04 am
 
Forum: Personal Finance (Not Investing)
Topic: state income tax withheld from IRA distribution?
Replies: 44
Views: 1911

Re: Which is King: Income Stream or $ Invested

I would suggest that the answer is "some of each". Having a guaranteed income stream is important, but it is not the only thing. Having total return on investments is important as well (inflation hedge, etc.). As in most investing considerations, diversification is a good thing.
Jeff
by jsl11
Tue Jul 29, 2014 3:37 pm
 
Forum: Investing - Theory, News & General
Topic: Which is King: Income Stream or $ Invested
Replies: 52
Views: 4584

Re: How does car trade-in works?

Trade in prices can vary considerably. The last time I traded in a car, I traded in a Toyota. The Toyota dealer gave me a much better price than the Honda dealer. It all depends on how much they like your car. My car was an older one in nice shape. The Toyota dealer could put it on his lot. The Hond...
by jsl11
Tue Jul 29, 2014 1:51 pm
 
Forum: Personal Consumer Issues
Topic: How does car trade-in work?
Replies: 71
Views: 4394

Re: Cell phone control devices for teen drivers?

Unfortunately my daughter is one of those scatter-brained kids who lives with her cell phone surgically attached. If this is the case, she should not be driving a car. One solution would be that you keep her cell phone when she drives. Trade the car keys for the phone. When she gets back, and gives...
by jsl11
Tue Jul 29, 2014 2:34 am
 
Forum: Personal Consumer Issues
Topic: Cell phone control devices for teen drivers?
Replies: 36
Views: 1708

Re: Can this be done? Does it make sense?

TIRA withdrawals are taxable for the year they are withdrawn. You cannot withdraw in one year and pay tax on it for some other year.
Jeff
by jsl11
Mon Jul 28, 2014 8:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: Can this be done? Does it make sense?
Replies: 4
Views: 876

Re: Paycheck division/saving for yearly expenses & contribut

Here is a simple system that I have used based on 24 pay checks per year: 1. All pay checks on direct deposit into checking account. 2. Add up all annual and semiannual amounts, divide by 24, and put this amount into a separate account each payday. This could be automated. 3. The remaining money in ...
by jsl11
Sat Jul 26, 2014 12:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Paycheck division/saving for yearly expenses & contributions
Replies: 10
Views: 1247

Re: Mileage Reimbursement or Company Car?

Make sure your insurance covers you for business driving in either case. Without additional coverage, your insurance may not cover that much business driving.
Jeff
by jsl11
Sat Jul 26, 2014 12:15 pm
 
Forum: Personal Consumer Issues
Topic: Mileage Reimbursement or Company Car?
Replies: 17
Views: 1028

Re: Whats a Better Lot in a Tract Home Neighborhood?

In my development, the houses with walkout basements were categorized as being on "premium lots" and the developer priced them higher than the others.
Jeff
by jsl11
Fri Jul 25, 2014 9:15 pm
 
Forum: Personal Consumer Issues
Topic: Whats a Better Lot in a Tract Home Neighborhood?
Replies: 31
Views: 2235

Re: Can I buy insurance against bank failure?

IIRC, the FDIC insurance provides 250K coverage to each POD beneficiary listed on an account. Accordingly, if you named 3 POD beneficiaries, you would have 750K at that bank. Similarly, 4 beneficiaries would give you 1MM coverage, etc. Check the FDIC rules to make sure this is correct. If it is, tha...
by jsl11
Thu Jul 24, 2014 11:48 am
 
Forum: Personal Finance (Not Investing)
Topic: Can I buy insurance against bank failure?
Replies: 12
Views: 999

Re: Vanguard Portfolio Watch issue

Portfolio Watch is inaccurate on the holdings of Vanguard funds. They cannot blame Morningstar or anyone else. It is a problem that Vanguard just does not care to address. It has been this way for a long time.
Jeff
by jsl11
Thu Jul 24, 2014 1:50 am
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard Portfolio Watch issue
Replies: 8
Views: 797

Re: Vanguard Portfolio Watch issue

You need to be careful using the analysis in Portfolio Watch. It is not accurate. For example, it will show foreign stocks only if they are in an international fund. If a nominally domestic fund has international holdings, those holdings do not show up in Portfolio Watch, even if they are a substant...
by jsl11
Wed Jul 23, 2014 2:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard Portfolio Watch issue
Replies: 8
Views: 797

Re: Need advice re hearing aid for small child

Try contacting your local public school district. They may (should?) have an educational audiologist on staff. That person would be able to refer you to someone who is good for working with children.
Jeff
by jsl11
Mon Jul 21, 2014 11:15 am
 
Forum: Personal Consumer Issues
Topic: Need advice re hearing aid for small child
Replies: 22
Views: 1352

Re: If interest rates would ever reach double digits again

The really crummy thing about being in a high interest rate/high inflation environment is that you pay taxes on the nominal gains. Better to make 6% with 3% inflation than 15% with 12% inflation. If your tax rate is 33%, you're making 1% real in a low interest rate environment but -2% real in a hig...
by jsl11
Sat Jul 19, 2014 12:46 am
 
Forum: Investing - Theory, News & General
Topic: If interest rates would ever reach double digits again
Replies: 36
Views: 3067

Re: retirement fund or college fund?

Costs should not be that high at a public university. Keep in mind that there are no scholarships for retirement.
Jeff
by jsl11
Thu Jul 17, 2014 12:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: retirement fund or college fund?
Replies: 15
Views: 890

Re: If interest rates would ever reach double digits again

When interest rates were that high, stock prices were very low. Thus, it was not a good time to sell stocks. In addition, the gains in stocks since that time have been higher (I believe) than if the money was invested in bonds.
Jeff
by jsl11
Thu Jul 17, 2014 12:25 pm
 
Forum: Investing - Theory, News & General
Topic: If interest rates would ever reach double digits again
Replies: 36
Views: 3067

Re: Unique situation

Since you have a dependent, you should buy some term life insurance, if you do not already have it. Since you are young, it probably will be inexpensive. You should also buy disability insurance, if they will sell it to you. You want to provide for your child if you are disabled or if you should die...
by jsl11
Mon Jul 14, 2014 1:06 am
 
Forum: Investing - Help with Personal Investments
Topic: Unique situation
Replies: 17
Views: 2783

Re: Money Purchase to 401k

If 19K per year does not sound significant, ask them to think about 10 years of such charges. That would be 190K plus the growth of those annual amounts. You can choose an estimated return and run a quick spread sheet to see how it comes out. After only 10 years, it should be somewhere around a quar...
by jsl11
Sat Jul 12, 2014 6:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Money Purchase to 401k
Replies: 5
Views: 739

Re: Car did not start: To dispose? How?

A few words about auto batteries: 1. They normally last 3 to 6 years (more or less) depending on the quality of the battery, the way it is used, and the number of miles it sees. It is a good idea to replace it before it causes problems, because you will need to replace it anyway. If you do it before...
by jsl11
Sat Jul 12, 2014 1:19 am
 
Forum: Personal Consumer Issues
Topic: Car did not start: To dispose? How?
Replies: 70
Views: 5614

Re: Who to contact for RMD strategy?

I have been using 26.5 years at age 70 or 3.8% RMD for a couple. Both age 70. I like your number better but all the data I find shows 26.5 or 3.8% Can comment on where your number comes from . Thanks Dan Whether you use the divisor for 70 or 71 depends on your age at the end of the year you turn 70...
by jsl11
Fri Jun 27, 2014 10:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Who to contact for RMD strategy?
Replies: 18
Views: 1432
Next

Return to advanced search