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Re: ROTH 401K

Thanks for your reply.

Do you know the IRS reasoning for treating the ROTH 401K differently from the ROTH IRA - ie. requiring the RMD for a ROTH 401K account if it remains a 401K account, but not for a ROTH IRA?
by jtelwood
Mon Mar 24, 2014 8:20 am
 
Forum: Investing - Help with Personal Investments
Topic: ROTH 401K
Replies: 5
Views: 534

ROTH 401K

I read an article that said one had to take the RMD at the age of 70 1/2 from a ROTH 401K. Is this correct - and if so, what makes the ROTH 401K different from the ROTH IRA vis-a-vis the RMD?

jte
by jtelwood
Mon Mar 24, 2014 1:23 am
 
Forum: Investing - Help with Personal Investments
Topic: ROTH 401K
Replies: 5
Views: 534

Re: legal document

Your assistance was greatly appreciated.

jte
by jtelwood
Sat Mar 01, 2014 11:16 am
 
Forum: Personal Finance (Not Investing)
Topic: [how to give share of house received in will to siblings]
Replies: 5
Views: 517

[how to give share of house received in will to siblings]

My son's wife and her 2 siblings are named co-beneficiaries on her mother's will. The remaining asset is her mother's house. There is some disagreement about whether to sell or rent the house. To avoid a family squabble, my son's wife would like to give her part of the house to her brother and siste...
by jtelwood
Fri Feb 28, 2014 11:09 am
 
Forum: Personal Finance (Not Investing)
Topic: [how to give share of house received in will to siblings]
Replies: 5
Views: 517

Sensitivity to interest rate movements

I see numerous articles that state a mutual fund holding Treasuries is more sensitive to an increase in interest rates than other bond funds of similar duration. What is the reason for this difference in sensitivity?

Tks. jte
by jtelwood
Thu Feb 13, 2014 11:32 am
 
Forum: Investing - Theory, News & General
Topic: Sensitivity to interest rate movements
Replies: 4
Views: 375

Re: Noth Carolina state tax question

The question pertained to a tax credit that was missed in a previous year and carried forward. I could see a couple of ways to do it but since the instructions did not address this point, I wanted to get it right the first time . I have been able to contact a representative from the NCDOR since my e...
by jtelwood
Fri Jan 31, 2014 12:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Noth Carolina state tax question
Replies: 4
Views: 283

Noth Carolina state tax question

Before I post the question, does anyone on the forum have expertise with the North Carolina individual income tax system?

jte
by jtelwood
Fri Jan 31, 2014 11:16 am
 
Forum: Personal Finance (Not Investing)
Topic: Noth Carolina state tax question
Replies: 4
Views: 283

Re: tax question

Thanks again. Your help was greatly appreciated.
by jtelwood
Wed Jan 29, 2014 2:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: tax question [1040 schedule E and 8582]
Replies: 5
Views: 542

Re: tax question

Thanks for the information.

Just to clarify, if I have only one rental property and take that out of service permanently (and have no other source for any passive income), then I would NOT be able to carry forward any unallowed loses from prior years -correct?
by jtelwood
Wed Jan 29, 2014 10:59 am
 
Forum: Personal Finance (Not Investing)
Topic: tax question [1040 schedule E and 8582]
Replies: 5
Views: 542

tax question [1040 schedule E and 8582]

RE: Forms - 1040 schedule E and 8582 (Passive Activity Loss Limitations) If one stops renting a property before all Unallowed losses on form 8582 can be taken, can these losses be taken in subsequent years when the property is not rented; or are they gone forever? I think the answer is obvious, but ...
by jtelwood
Wed Jan 29, 2014 8:54 am
 
Forum: Personal Finance (Not Investing)
Topic: tax question [1040 schedule E and 8582]
Replies: 5
Views: 542

Re: tax question

I really appreciate you taking time to clarify this tax question. The mistake I made was for my 2012 tax return. I always review the prior year's tax return when completing the next year's return and my review of form 8582 didn't make sense now and probably not last year, as well. Again, many thanks...
by jtelwood
Wed Jan 15, 2014 10:11 am
 
Forum: Personal Finance (Not Investing)
Topic: tax question
Replies: 2
Views: 442

tax question

I have rental real estate that had a loss in excess of 25K which I believe requires completion of form 8582 (passive activity loss limitations). Part 1 of form 8582 was fairly straight forward. My question pertains to line 7 of part 2 - determining the adjusted modified gross income. The instruction...
by jtelwood
Tue Jan 14, 2014 11:46 am
 
Forum: Personal Finance (Not Investing)
Topic: tax question
Replies: 2
Views: 442

legal question

I have 2 changes that I need to make to my will- 1. An address correction. 2. Rather than pass my house on to my 2 children, I want the house sold and the proceeds divided equally between them. Can I use a codicil or amendment to make these changes or do I have to have the will rewritten. I am a Nor...
by jtelwood
Tue Dec 17, 2013 8:55 am
 
Forum: Personal Finance (Not Investing)
Topic: legal question
Replies: 3
Views: 344

Re: Core International holding

Thanks for taking the time to reply. Your comments are greatly appreciated.

jte
by jtelwood
Mon Nov 25, 2013 10:20 am
 
Forum: Investing - Help with Personal Investments
Topic: Core International holding
Replies: 5
Views: 440

Core International holding

I'm trying to decide which is the better International core holding - VG FTSE All-World ex-US Index or VG Total International Stock Index. Both seem to be very similar - the 10 largest stock holdings are the same, the percentages of sector diversification are about the same, the top 5 countries are ...
by jtelwood
Mon Nov 25, 2013 12:53 am
 
Forum: Investing - Help with Personal Investments
Topic: Core International holding
Replies: 5
Views: 440

stock valuations

Brett Arends writes a column for marketwatch. His column below discusses what be believes the affect that rising interest rates will have on stock values. Any comments/thoughts on his conclusions? http://www.marketwatch.com/story/fed-tapering-the-math-investors-need-to-know-2013-08-15?siteid=yhoof2
by jtelwood
Thu Aug 22, 2013 10:16 am
 
Forum: Investing - Theory, News & General
Topic: stock valuations
Replies: 3
Views: 266

Re: Rebalancing - am I doing this correctly

I forgot an important piece of information. The bond and stock funds are all in traditional or ROTH IRAs.
by jtelwood
Thu Jul 18, 2013 11:21 am
 
Forum: Investing - Help with Personal Investments
Topic: Rebalancing - am I doing this correctly
Replies: 2
Views: 258

Rebalancing - am I doing this correctly

Background - - my asset allocation is 50% bonds, 35% VG Total Stock Market Index, and 15% Total International Stock Index. The bond portion contains intermediate and short term bond funds along with both series EE and I Bonds. - my strategy is to keep at least 3 years of anticipated spending needs i...
by jtelwood
Thu Jul 18, 2013 10:19 am
 
Forum: Investing - Help with Personal Investments
Topic: Rebalancing - am I doing this correctly
Replies: 2
Views: 258

Re: i bonds in a retirement portfolio

Good morning Mel,

Thanks for taking the time to respond. Your answers have provided a perspective that I was underweighting in my decision process for spending both series I and EE bonds during retirement.

Again, your response was very much appreciated.

jte
by jtelwood
Mon Jun 24, 2013 7:13 am
 
Forum: Investing - Help with Personal Investments
Topic: i bonds in a retirement portfolio
Replies: 6
Views: 1072

Re: i bonds in a retirement portfolio

Thanks Mel. If you have time to respond, I would appreciate your insight on several more questions. - I also have some series EE bonds, the ones that pay a minimum of 4%. With regard to tax purposes, it really doesn't matter which bonds to cash first - correct? With regard to a hedge on moderate inf...
by jtelwood
Sun Jun 23, 2013 2:49 am
 
Forum: Investing - Help with Personal Investments
Topic: i bonds in a retirement portfolio
Replies: 6
Views: 1072

Re: i bonds in a retirement portfolio

The total bond market index is in a traditional IRA. My intention is to use the I bonds as part of the bond portion of my retirement portfolio.

Sorry for not being more clear in the original post.
by jtelwood
Sat Jun 22, 2013 2:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: i bonds in a retirement portfolio
Replies: 6
Views: 1072

i bonds in a retirement portfolio

Background. Retiree has both VG total bond market index fund and I bonds in bond portion of portfolio. If the retiree is making an annual withdrawal from his/her retirement account and wants to take the withdrawal from bond holdings (because equities were down for the year), what criteria should be ...
by jtelwood
Sat Jun 22, 2013 11:16 am
 
Forum: Investing - Help with Personal Investments
Topic: i bonds in a retirement portfolio
Replies: 6
Views: 1072

Retirement portfolio

I have been wrestling with the portfolio that I want to take into retirement. I have always received great advice in the past and know that this time will not be any different. Background - I have been retired for several years. My wife is planning to stop working in the next 2 years. Our pensions a...
by jtelwood
Thu Jun 13, 2013 10:10 am
 
Forum: Investing - Help with Personal Investments
Topic: Retirement portfolio
Replies: 3
Views: 464

Re: Stucco moisture problems

Walk away - you will be happy you did.
by jtelwood
Tue Feb 19, 2013 8:34 pm
 
Forum: Personal Consumer Issues
Topic: Stucco moisture problems
Replies: 10
Views: 1832

Re: Where were you financially in your late twenties?

My wife and I left for Germany in 1969. She was 19 and I was 23. We had been married for 4 months. We had no debt and $300 in our checking account. My monthly pay as a 2nd LT was $352. So I guess our net work was about $300. I retired 5 years ago and my wife will stop working in the next 2-3 years. ...
by jtelwood
Tue Feb 19, 2013 8:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Where were you financially in your late twenties?
Replies: 191
Views: 12213

A tax question [Filing status - Which is better]

In which situations does it make sense to file married with separate returns rather than a joint return?

Thanks.

jte
by jtelwood
Thu Feb 07, 2013 3:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: A tax question [Filing status - Which is better]
Replies: 14
Views: 1241

Re: To go or not to go - family trip to Europe

I might have missed it but did not see how long you were planning to visit. I have been living in England for the past 2 years, about 70 mile north of London. I'll be moving to Kaiserslautern next week and will probably be there for about 3 years. Prior to moving to England, I lived on the Germany -...
by jtelwood
Wed Dec 05, 2012 12:50 pm
 
Forum: Personal Consumer Issues
Topic: To go or not to go - family trip to Europe
Replies: 81
Views: 4773

Re: Roth IRAs ?

Thanks.

Long story short - I was reviewing tax documents for 2005 and 06 and thought that I had made a mistake vis-a-vis IRAs. I went on line and unfortuneately had a senior moment as the information I saw said 1997 (after rechecking yesterday) but I took away 2007.

jte
by jtelwood
Sun Nov 25, 2012 1:05 am
 
Forum: Investing - Help with Personal Investments
Topic: Roth IRAs ?
Replies: 4
Views: 695

Roth IRAs ?

What was the 1st year the one could make a ROTH contribution?

Thanks.

jte
by jtelwood
Sat Nov 24, 2012 3:15 am
 
Forum: Investing - Help with Personal Investments
Topic: Roth IRAs ?
Replies: 4
Views: 695

Looking for some investment options

My son and his wife are both physicians. When he finishes his fellowship next year, their combined income will be in the 400-450K range. They have been paying down their medical school loans and funding ROTH IRA's. The portfolio for their IRAs uses 3 Vanguard funds - the Total Stock Market Index, th...
by jtelwood
Sat Nov 10, 2012 12:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: Looking for some investment options
Replies: 6
Views: 422

Re: Roth 401K

Thanks Alan. I really appreciate the information. Let me lay out her situation to insure I correctly understand your response. She actually has multiple ROTH IRA accounts, one dating back nearly 12 years. Question - if I understand correctly, she has met the ROTH holding period requirement and could...
by jtelwood
Thu Nov 08, 2012 10:34 am
 
Forum: Investing - Help with Personal Investments
Topic: Roth 401K
Replies: 4
Views: 582

Roth 401K

I tried to send this post earlier but don't think it got thru. My wife began contributing to her Roth TSP several months ago and intends to continue for the next 3 years until she retires. She will be 65 when she retires. What are the rules for withdrawing from this account? Are they different than ...
by jtelwood
Wed Nov 07, 2012 11:51 am
 
Forum: Investing - Help with Personal Investments
Topic: Roth 401K
Replies: 4
Views: 582

Re: questions about social security

That's what I thought.

Thanks again for taking the time to respond.

jtelwood
by jtelwood
Fri Oct 05, 2012 10:00 am
 
Forum: Personal Finance (Not Investing)
Topic: questions about social security
Replies: 5
Views: 644

Re: questions about social security

Thanks for the information. I do have a couple more questions - As I mentioned earlier, I am a CSRS retiree with both a federal pension and small social security benefit from work in the private sector. My wife is also a federal employee, but in the FERS retirement system. Questions - - if she retir...
by jtelwood
Fri Oct 05, 2012 5:35 am
 
Forum: Personal Finance (Not Investing)
Topic: questions about social security
Replies: 5
Views: 644

questions about social security

I would like a good explanation on the 'file and supend strategy' as it would pertain to my situation. I was a federal employee and retired several years ago under the CSRS system. I qualified for a small social security benefit (about $300/month) from work in the private sector and began taking thi...
by jtelwood
Thu Sep 27, 2012 8:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: questions about social security
Replies: 5
Views: 644

Life insurance

As I mentioned in an earlier post, my son and his wife (both are physicians and 30 years old with their first child on the way) are in the process of purchasing term life insurance. They have quotes, provided by a local Atlanta agent, for 5 companies. These companies are American General Life Insura...
by jtelwood
Wed Jul 25, 2012 10:43 am
 
Forum: Personal Finance (Not Investing)
Topic: Life insurance
Replies: 25
Views: 1726

whole life insurance

I have a question regarding taxes and whole life insurance. If one decides to cancel the policy and take the cash value accrued to date, would the money be taxable?
by jtelwood
Mon Jul 23, 2012 8:12 am
 
Forum: Personal Finance (Not Investing)
Topic: whole life insurance
Replies: 4
Views: 548

Flexible premium adjustable life insurance

My son and his wife are considering 400K 30 year term insurance policies, each with 100K flexible premium adjustable life insurance. They are both physicians and 30 years old with a child on the way. They will add more term insurance over time. I know very little about flexible premium adjustable li...
by jtelwood
Sat Jul 21, 2012 11:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Flexible premium adjustable life insurance
Replies: 14
Views: 2709

Re: Long term care (LTC) insurance

The insurance carrier, our ages, and length of time owned is in my initial post.
by jtelwood
Thu Jul 19, 2012 8:39 am
 
Forum: Personal Finance (Not Investing)
Topic: Long term care (LTC) insurance
Replies: 18
Views: 2087

Long term care (LTC) insurance

My wife and I need to make a decision in the next couple of weeks regarding our LTC insurance policy and would like to hear your thoughts on the best way to analyze/evaluate the option presented by the insurance company. Summary of LTC insurance benefits - - We purchased the policy with John Hancock...
by jtelwood
Tue Jul 17, 2012 10:36 am
 
Forum: Personal Finance (Not Investing)
Topic: Long term care (LTC) insurance
Replies: 18
Views: 2087

Re: credit card questions

My wife has a durable POA to manage all her mother's affairs. Her mother's current state (4 days after the stroke) is that she cannot feed herself, has vision and speech problems, is not sure what happened or where she is, and cannot, at this time, process information. My wife's concern is that her ...
by jtelwood
Fri Jun 22, 2012 11:08 am
 
Forum: Personal Finance (Not Investing)
Topic: credit card questions
Replies: 8
Views: 521

credit card questions

My wife's mother had a stroke. She is 84 and her prognosis is unknown at this time - it's not clear if she will fully regain her mental capacity to reason, speak, etc. She has several credit cards. Questions - - does it make the most sense to cancel the cards at this time and then have her reapply f...
by jtelwood
Fri Jun 22, 2012 8:37 am
 
Forum: Personal Finance (Not Investing)
Topic: credit card questions
Replies: 8
Views: 521

Re: General Warranty Deed

If it was a deed of correction - merely to add her to the deed - and the property was deeded 'husband and wife, as tenants by the entirety' - would that still likely trigger a due on sale clause? I undertand that any response to this question is just for general information purposes and not legal ad...
by jtelwood
Fri Mar 23, 2012 5:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: General Warranty Deed
Replies: 6
Views: 424

Re: General Warranty Deed

Just curious - I thought there might be an attorney who would respond.
by jtelwood
Fri Mar 23, 2012 1:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: General Warranty Deed
Replies: 6
Views: 424

General Warranty Deed

My daughter and her husband purchased a home several years ago. My daughter's credit score was not very good at the time and the mortgage was based soley on her husband's income - and the deed is in his name. They want to add her name to the deed and will see an attorney to take care of this. Questi...
by jtelwood
Fri Mar 23, 2012 8:28 am
 
Forum: Personal Finance (Not Investing)
Topic: General Warranty Deed
Replies: 6
Views: 424

Re: tips

Thanks for the perspective.

jtelwood
by jtelwood
Tue Mar 13, 2012 11:39 am
 
Forum: Investing - Help with Personal Investments
Topic: tips
Replies: 3
Views: 494

tips

I will be retiring in about 2-3 years. My present allocation is 40% equities, 55% bonds and the remainder in cash. I'll probably keeps this allocation in retirement, at least in the beginning. I'm considering the addition of TIPS to my bond holdings. I would hold the TIPS in the Vanguard mutual fund...
by jtelwood
Fri Mar 09, 2012 12:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: tips
Replies: 3
Views: 494

Re: Draft Roth TSP Guidelines

Just for clarificaion - The TSP Highlight note for Jan/Feb 2012 states that in order to get the tax free benefits of a TSP ROTH, one has to be 59 and 1/2 or older AND have had ROTH contributions for 5 years or more when you receive your distribution. After reading the thread on the TSP Roth, it is m...
by jtelwood
Sun Feb 12, 2012 9:38 am
 
Forum: Personal Finance (Not Investing)
Topic: Draft Roth TSP Guidelines
Replies: 32
Views: 2124

Re: A tax question

Thanks for taking the time to assist me with these questions.

j elwood
by jtelwood
Wed Jan 18, 2012 12:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: A tax question
Replies: 15
Views: 2128

Re: A tax question

Thanks for taking the time to asist me with these questions
by jtelwood
Wed Jan 18, 2012 12:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: A tax question
Replies: 15
Views: 2128
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