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Re: Convert T-IRA to Roth - in Tax steps ?

just happen to see this article, and thought I would add it for reading....

How to Ignore Roth IRA Contribution Limits and Put Away Over $30,000 Per Year

http://www.fool.com/investing/general/2014/12/14/how-to-ignore-roth-ira-contribution-limits-and-put.aspx
by ps56k
Sun Dec 14, 2014 10:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: Convert T-IRA to Roth - in Tax steps ?
Replies: 13
Views: 1017

Re: Convert T-IRA to Roth - in Tax steps ?

DSInvestor wrote:... your IRA picture will be simple, as everything is pre-tax without the need to track IRA basis and/or prorate IRA basis.
That's what I thought you were meaning.
Thanks for all the insights... Had not even thought about handling our IRA world until recently.
by ps56k
Sun Dec 14, 2014 1:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: Convert T-IRA to Roth - in Tax steps ?
Replies: 13
Views: 1017

Re: Convert T-IRA to Roth - in Tax steps ?

...but with this, every dollar you convert will taxed at the current marginal rate... Yeah, no magic here... 1 - Convert all $270 and pay tax all at once PLUS will get pushed up into higher tax bracket. 2 - Convert "some" over a few years, to spread the pain, and NOT get pushed up. 3 - Do...
by ps56k
Sun Dec 14, 2014 12:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: Convert T-IRA to Roth - in Tax steps ?
Replies: 13
Views: 1017

Re: Convert T-IRA to Roth - in Tax steps ?

If this is done, form 8606 will see the conversion of 60K and ZERO IRA balance as of DEC 31. The $60K conversion will be tax free. Once the IRA basis has been consumed by conversion, the IRA picture since everything will be pre-tax . OK - first, am I missing something/wording on that last sentence ...
by ps56k
Sun Dec 14, 2014 12:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: Convert T-IRA to Roth - in Tax steps ?
Replies: 13
Views: 1017

Re: Convert T-IRA to Roth - in Tax steps ?

If your wife is still working and has access to an employer plan that a) has low expenses and b) accepts inbound rollovers, she can do a rollover from her Traditional IRAs into her workplace plan to isolate the IRA basis. She has another entire 2015-16 school year left, and has a 403b plan from the...
by ps56k
Sun Dec 14, 2014 1:12 am
 
Forum: Investing - Help with Personal Investments
Topic: Convert T-IRA to Roth - in Tax steps ?
Replies: 13
Views: 1017

Re: Convert T-IRA to Roth - in Tax steps ?

tnx for the comments.... I was looking at the wife's IRA, since it has the non-zero Basis value, (and yes, tracked by our 8606 forms), to offset the current value for the Roth conversion. I think the wife's IRA conversion decision, and when/how - is easier - due to the non-zero Basis. Not sure how t...
by ps56k
Sat Dec 13, 2014 10:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: Convert T-IRA to Roth - in Tax steps ?
Replies: 13
Views: 1017

Convert T-IRA to Roth - in Tax steps ?

We have a couple of very small T-IRAs at Fidelity - one for me and one for wife. We will not really need the money, just turned 60, very early retirement... as we have most in our taxable portfolios at Schwab, Fidelity, TRowe, and Vanguard. SO - would like to convert to Roth for a couple reasons... ...
by ps56k
Sat Dec 13, 2014 5:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: Convert T-IRA to Roth - in Tax steps ?
Replies: 13
Views: 1017

Re: 1099-B and Vanguard's Cost Basis Amount

Q & A - since the topic title seemed to fit. In my Vanguard account, I still have my orig Vanguard Windsor Adm mutual fund... and the cost basis is all blank on the webpage ... I've checked my other mutual funds - Fidelity, TRowe - those are all ok - I've checked my stock holdings at Schwab - an...
by ps56k
Sat Dec 06, 2014 1:00 am
 
Forum: Investing - Theory, News & General
Topic: 1099-B and Vanguard's Cost Basis Amount
Replies: 27
Views: 2323

Re: Fidelity Charitable Fund Questions

The Schwab or Fidelity DAF might be a little beyond us, as we tend to average about $1,000 a year - Also, the $100 yearly fee...would be an added cost. Anyway - with a $5k initial "contribution", and then you "grant" it out to whatever charities you like, is there some kind of &q...
by ps56k
Thu Dec 04, 2014 1:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Fidelity Charitable Fund Questions
Replies: 36
Views: 2613

Re: Fidelity Charitable Fund Questions

I recently opened a Fidelity DAF using appreciated stocks. As livesoft pointed out, this is not a place to park funds for the long term because there are costs involved. The Fidelity Charitable information packet is very readable. Do be sure to get a copy. I just saw this mentioned in Money Magazin...
by ps56k
Thu Nov 20, 2014 3:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Fidelity Charitable Fund Questions
Replies: 36
Views: 2613

Re: Safety net - VBMFX, PRPFX, VIPSX, VWINX, or Pimco

With the latest round of volatility in the equity world, up/down 300pts, which of these choices are still the better funds to lessen the shock to the overall portfolio ? I'm starting to care more about downside risk insurance vs upside gains. VBMFX - total bond VIPSX - TIPS VWINX - 60% bonds / 40% s...
by ps56k
Sat Oct 18, 2014 5:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: Safety net - VBMFX, PRPFX, VIPSX, VWINX, or Pimco
Replies: 12
Views: 2028

Re: "Vanguard converting mutual fund accounts to brokerage?

yikes - glad I stumbled across this thread today....

My TRowe accounts are still all separate,
and when I asked them about the "umbrella" account concept years ago, they said nay.

also have my Fidelity funds 403(b) and my Schwab stocks, and my Vanguard funds -
by ps56k
Fri Oct 10, 2014 3:45 pm
 
Forum: Investing - Theory, News & General
Topic: "Vanguard converting mutual fund accounts to brokerage?
Replies: 246
Views: 15551

Re: Question - Vanguard's New Brokerage Account Numbers

Where are you seeing this ?
Are existing accounts being modified and migrated in some manner ?
There seems to be another thread on this topic -
http://www.bogleheads.org/forum/viewtopic.php?f=10&t=148317
by ps56k
Fri Oct 10, 2014 3:02 pm
 
Forum: Investing - Theory, News & General
Topic: Question - Vanguard's New Brokerage Account Numbers
Replies: 7
Views: 1108

Re: So far, so good? Vanguard Total International Bond

I happen to see this tweet from VG - about Intl Bond funds - https://personal.vanguard.com/us/insights/article/international-bonds-philips-082014 and did some reading about Vanguard Total Intl Bond Fund Index https://personal.vanguard.com/us/funds/snapshot?FundId=0511&FundIntExt=INT#tab=0 and no...
by ps56k
Tue Sep 23, 2014 10:35 pm
 
Forum: Investing - Theory, News & General
Topic: So far, so good? Vanguard Total International Bond
Replies: 45
Views: 5908

Re: insuring 3 cars - but only have 2 drivers

kenschmidt wrote: Image

BTW - like your coin avatar -
We have several, both the 1oz silver and 1oz gold - and one of the older St. origs...
by ps56k
Wed Sep 17, 2014 2:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: insuring 3 cars - but only have 2 drivers
Replies: 16
Views: 1314

Re: insuring 3 cars - but only have 2 drivers

See this recent thread from a week ago: http://www.bogleheads.org/forum/viewtopic.php?f=2&t=146310 tnx for the other thread.... we knew most of that, just like the others - looking for a sounding board - will call our State Farm person and see what they say/offer. Our 2001 Jeep keeps running, n...
by ps56k
Wed Sep 17, 2014 1:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: insuring 3 cars - but only have 2 drivers
Replies: 16
Views: 1314

insuring 3 cars - but only have 2 drivers

We happen to have 3 cars... and now only 2 drivers as our son moved far away to school.
We drive/commute little, and I now swap between my '01 Jeep and my '04 Impala,
and wife drives her new '13 Focus.
SO - how do we now insure these beasts ?
by ps56k
Wed Sep 17, 2014 12:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: insuring 3 cars - but only have 2 drivers
Replies: 16
Views: 1314

Schwab - now endorsing Index Funds

In the latest issue of the Schwab client magazine called - Onward
There are several articles about the potential value of using certain types of Indexing funds.

http://content.schwab.com/public/onward/Onward.pdf
by ps56k
Tue Aug 26, 2014 2:37 pm
 
Forum: Investing - Theory, News & General
Topic: Schwab - now endorsing Index Funds
Replies: 24
Views: 2222

Re: Schwab Financial Consultant

also have a very long standing acct at Schwab - with a large portfolio of stocks...
The branch VP used to call every so often, leave a VM, but I would never call back.

Recently I got shuffled off to their phone-support pool vs our local branch office, since I never made use of it.
by ps56k
Mon Aug 25, 2014 3:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: Schwab Financial Consultant
Replies: 10
Views: 958

Re: Total Market Bond Fund vs Intermediate Term Fund

...instead of overthinking your bonds for months with no end in sight like our friend ps56k above.... Yeah - I'm beginning to see the light. It's not worth fretting the extra 1% or so. With $50k or $100k to invest - it really doesn't matter between VBMFX with Gov, Corp, MBS - or VBIIX without the M...
by ps56k
Wed Aug 13, 2014 4:56 pm
 
Forum: Investing - Theory, News & General
Topic: Total Market Bond Fund vs Intermediate Term Fund
Replies: 47
Views: 6510

Re: Total Market Bond Fund vs Intermediate Term Fund

These are total returns during the 2008 bear market: +5.1% Total Bond Market (VBMFX) +4.9% Intermediate-Term Bond Index (VBIIX) -6.2% Intermediate-Term Investment Grade (VFICX) -37.0% Total Stock Market (VTSMX) It would be interesting to see/compare where they are today assuming you didn't change a...
by ps56k
Wed Aug 13, 2014 3:06 pm
 
Forum: Investing - Theory, News & General
Topic: Total Market Bond Fund vs Intermediate Term Fund
Replies: 47
Views: 6510

Re: Total Market Bond Fund vs Intermediate Term Fund

Basically, any "investment" is part of the market "casino". What is the "risk" of losing your : - principal - your ROI (div, interest, etc) if the risk is lower, the subsequent payout will be lower. if the risk is higher, the subsequest payout will be higher - IF you ge...
by ps56k
Wed Aug 13, 2014 2:56 pm
 
Forum: Investing - Theory, News & General
Topic: Total Market Bond Fund vs Intermediate Term Fund
Replies: 47
Views: 6510

Re: Total Market Bond Fund vs Intermediate Term Fund

Just as a comparison for my mostly pure bond coin toss - Total Bond VBMFX vs Intermediate Bond VBIIX I couple of things that I noticed.... VBMFX has 30% below AAA, while VBIIX has 44% VBMFX has Gov, Corp, and MBS, while VBIIX has no MBS... just Gov & Corp. Not sure if the 30% vs 44% really incre...
by ps56k
Wed Aug 13, 2014 11:04 am
 
Forum: Investing - Theory, News & General
Topic: Total Market Bond Fund vs Intermediate Term Fund
Replies: 47
Views: 6510

Re: Instead of a CD Ladder

BTW - watch the double inside quoting - I didn't write the "quote" that is being posted... ps56k wrote: FWIW, 1% on $10k is only $100. And that's likely taxable. Most likely it's a lot of work for far less than a 1% difference from online savings account or short term bond yield, unless yo...
by ps56k
Wed Aug 13, 2014 10:55 am
 
Forum: Investing - Help with Personal Investments
Topic: Instead of a CD Ladder
Replies: 26
Views: 4702

Re: Total Market Bond Fund vs Intermediate Term Fund

tnx for the thread - I've been holding VBMFX for awhile, and trying to decide where to put new money from some maturing CD's.... whether to just roll the CD's - create more of a CD ladder to react to changes, or - just dump it back into VBMFX - maybe $5k a month or so to spread it out - or - spread ...
by ps56k
Tue Aug 12, 2014 6:47 pm
 
Forum: Investing - Theory, News & General
Topic: Total Market Bond Fund vs Intermediate Term Fund
Replies: 47
Views: 6510

Re: Instead of a CD Ladder

I would use a 1 year ladder( 3 month, 6 month, 9 month, and 1 year.) I happen to have some CD's at Ally (in my taxable portfolio) - from when they first started out and were trying to draw customers. And it keeps my hands off the $100k or so - from using it with my Schwab stocks, (or Vanguard funds...
by ps56k
Mon Aug 11, 2014 3:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Instead of a CD Ladder
Replies: 26
Views: 4702

new stock spinoff - w/shares "when issued"

I happen to be holding a stock called - Rayonier - http://finance.yahoo.com/q?s=RYN On Friday 6/27 - they will spinoff part of their company into a new publicly traded ticker. This new ticker is - RYAM-WI - http://finance.yahoo.com/q?s=RYAM-WI and has been listed and avail for about a week... This i...
by ps56k
Thu Jun 26, 2014 11:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: new stock spinoff - w/shares "when issued"
Replies: 2
Views: 352

Re: to Muni, or not to Muni - that is the question

Langkawi wrote:No more loyalty bonus at Ally?
Don't think so... I should double check -
guess they just needed the influx of capital when they originally split, which is when I setup my CDs.

EDIT - yup, just checked - it's 0.15%, just not listed on their website.
by ps56k
Tue Jun 24, 2014 6:16 pm
 
Forum: Investing - Theory, News & General
Topic: to Muni, or not to Muni - that is the question
Replies: 10
Views: 1638

Re: to Muni, or not to Muni - that is the question

- at this point, one of my quarterly ladder $35k CDs has rolled over, and I have to decide what to do with it by the end of the week... :annoyed Keep the $35k in the Ally Bank CD @ 1.10% for 2yr - raise your rate - or....move it to my existing Vanguard Total Bond - VBMFX - (actually adm) which has t...
by ps56k
Tue Jun 24, 2014 5:31 pm
 
Forum: Investing - Theory, News & General
Topic: to Muni, or not to Muni - that is the question
Replies: 10
Views: 1638

Re: Invest in Roth IRA or Pay Down Rental Mortgage?

I would maximize retirement savings and investing before paying additional principal or funding college expenses. Remember: College can be financed. Retirement can not. Totally agree - always put money into the train that is leaving and won't be back - ie - the yearly IRA contribution or any other ...
by ps56k
Tue Jun 24, 2014 5:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Invest in Roth IRA or Pay Down Rental Mortgage?
Replies: 11
Views: 826

Re: Alternative to Broker Sold Municipal Bond Fund

I've been wrestling with the Muni vs not-Muni question, and one of the other posters in several threads brought up the issue of "risk" which has dramatically increased in the Muni world. Here is one of my postings over in another thread http://www.bogleheads.org/forum/viewtopic.php?f=10&am...
by ps56k
Tue Jun 24, 2014 4:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: Alternative to Broker Sold Municipal Bond Fund
Replies: 10
Views: 562

Re: At what point do munis make sense?

I grabbed my table from another thread, and pasted it below.... On the surface it doesn't look too bad, but if you look at everything below the AAA rating - it paints a different picture. VBMFX = total bond ............ 30% below AAA VBIIX = intermediate bond .... 44% below AAA VWITX = intermediate ...
by ps56k
Tue Jun 24, 2014 4:41 pm
 
Forum: Investing - Theory, News & General
Topic: At what point do munis make sense?
Replies: 65
Views: 6299

Re: At what point do munis make sense?

Take another look at the graph I posted above http://www.bogleheads.org/forum/viewtopic.php?f=10&t=140884&newpost=2091182#p2085656 . On the left side of the graph, those books were right. We are now on the right side of the graph. The left side also gives you an idea of what the tax discoun...
by ps56k
Mon Jun 23, 2014 5:28 pm
 
Forum: Investing - Theory, News & General
Topic: At what point do munis make sense?
Replies: 65
Views: 6299

Re: Bond allocation / Bond fund handwringing

tnx - started reading at the top -
by ps56k
Thu Jun 19, 2014 6:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: Bond allocation / Bond fund handwringing
Replies: 23
Views: 2779

Re: Bond allocation / Bond fund handwringing

I had thought that Muni's fund total return was always lower than traditional taxable bond funds, but made up for it with the tax exempt status... I was just looking at the 4 funds - 3 yrs - and compared the average return after taxes on distributions & sale of funds ? Why are the Muni's actuall...
by ps56k
Thu Jun 19, 2014 5:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: Bond allocation / Bond fund handwringing
Replies: 23
Views: 2779

Re: to Muni, or not to Muni - that is the question

I had thought that Muni's fund total return was always lower than traditional taxable bond funds, but made up for it with the tax exempt status... I was just looking at the 4 funds - 3 yrs - and compared the average return after taxes on distributions & sale of funds ? Why are the Muni's actuall...
by ps56k
Thu Jun 19, 2014 5:37 pm
 
Forum: Investing - Theory, News & General
Topic: to Muni, or not to Muni - that is the question
Replies: 10
Views: 1638

Re: Short Term Bonds or 2 Year CD's

I'm in the same situation... I have a couple of Ally Bank CD ladders coming due this month, and in the next couple of months.... Had previously used the "raise your rate" CD. http://www.ally.com/bank/savings/?INTCMPID=HP_NAV_CD Currently holding in our taxable account Total Bond - VBMFX - ...
by ps56k
Thu Jun 19, 2014 12:33 pm
 
Forum: Investing - Theory, News & General
Topic: Short Term Bonds or 2 Year CD's
Replies: 13
Views: 1450

to Muni, or not to Muni - that is the question

I have a couple of Ally Bank CD ladders coming due this month, and in the next couple of months.... Currently holding in our taxable account Total Bond - VBMFX - and was looking at the Intermediate fund - VBIIX - BUT - as I've read, the breakeven point for moving into Muni's is the 25% tax bracket. ...
by ps56k
Thu Jun 19, 2014 11:58 am
 
Forum: Investing - Theory, News & General
Topic: to Muni, or not to Muni - that is the question
Replies: 10
Views: 1638

Re: Bond allocation / Bond fund handwringing

I've been holding 10-20% cash instead of bonds since 2008-09. I also have some cash as per my MM funds and these CD's that I've been rolling over every since Ally Bank was split and created. I used to invest in $5k chunks, then $10k chunks, and now $25k chunks for fixed income. Each of my CD's matu...
by ps56k
Wed Jun 18, 2014 5:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Bond allocation / Bond fund handwringing
Replies: 23
Views: 2779

Re: Bond allocation / Bond fund handwringing

Also - as our portfolio in equities has grown in value,
if this bond fund were to be added to our taxable account....
with the proceeds from our Ally CD's maturing this month...

How do these Muni's compare -

Vanguard Muni intermediate - VWITX
Vanguard Muni long term - VWLTX
by ps56k
Wed Jun 18, 2014 4:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: Bond allocation / Bond fund handwringing
Replies: 23
Views: 2779

Re: Bond allocation / Bond fund handwringing

This is all for a couple of 2yr safety net CDs that are maturing this month over at ALLY, and what to do with the money at that point... Ally CD renewals 1.10% to 1.60% So, it looks like VBIIX has a little bit longer Duration, along with having a portfolio of less AAA and more BBB to help boost it's...
by ps56k
Wed Jun 18, 2014 4:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: Bond allocation / Bond fund handwringing
Replies: 23
Views: 2779

Re: College & PhD vs $250k working

CFM300 wrote:Not sure if you care, but doing a Google image search on the image in your first post.......

Tnx - I deleted -
by ps56k
Wed Jun 04, 2014 5:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: College & PhD vs $250k working
Replies: 104
Views: 7834

Re: College & PhD vs $250k working

One source of cheap fun at Caltech is hiking or rock climbing in nearby mountains. Yeah - at UW/Madison, they have an outdoors group - called the UW/Hoofers. He has run their kayak safety classes, and gone on UW group kayaking trips out in CO and down to KY and GA. Along with biking, hiking, campin...
by ps56k
Wed Jun 04, 2014 4:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: College & PhD vs $250k working
Replies: 104
Views: 7834

Re: College & PhD vs $250k working

Beyond his own potential for professional growth being at Caltech for 5 years could result in meeting a spouse with great career potential as well. Might not come across those kind of potential spouses in the grocery store or laundromat. Penny... Penny... Penny... - vs Amy, who is a PhD in real life.
by ps56k
Wed Jun 04, 2014 3:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: College & PhD vs $250k working
Replies: 104
Views: 7834

Re: College & PhD vs $250k working

shorvath wrote:Grad student stipends can be deceptive...
I'm currently making 36k a year, but I don't pay state, medicare, or social security taxes.

How does that stipend get reported to you - 1098, 1099, W2, ? - just wondering for end of year tax planning...
by ps56k
Wed Jun 04, 2014 3:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: College & PhD vs $250k working
Replies: 104
Views: 7834

Re: College & PhD vs $250k working

1) CalTech is a great school. PhD from CalTech in the sciences presumably carries a LOT of weight in the working world. He applied to, was acepted at, recruited and visited 6 programs...Scripps, Yale, Caltech, Berkeley, Stanford, & UNC. Unfortunately, UW/Madison Chemistry doesn't retain their u...
by ps56k
Wed Jun 04, 2014 2:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: College & PhD vs $250k working
Replies: 104
Views: 7834

Re: College & PhD vs $250k working

In the sciences, there is a definite ceiling if you do not pursue the graduate degree. A PhD will allow him to climb very high in many R&D companies (just tell him to stay out of academics :wink: ). AND he just mentioned that maybe he might stay in the academic world... it's a long way off... H...
by ps56k
Wed Jun 04, 2014 2:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: College & PhD vs $250k working
Replies: 104
Views: 7834

College & PhD vs $250k working

Our son just graduated from UW/Madison... in Chemistry with German minor. He is now heading to Caltech for 5years pursuing a PhD in chemistry. BTW - he is not a total Big Bang Theory nerd and does have other interests... motorcycle, scuba diving, white water kayaking, etc SO - just wondering, compar...
by ps56k
Wed Jun 04, 2014 2:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: College & PhD vs $250k working
Replies: 104
Views: 7834

Re: Bond allocation / Bond fund handwringing

Just as a comparison for my mostly pure bond coin toss - Total Bond VBMFX vs Intermediate VBIIX (not sure of the technique to align everything) VBMFX VBIIX Dur 5.6yrs 6.5yrs Mat 7.7yrs 7.3yrs AAA 69 % 53 % AA 4 4 A 12 17 BBB 13 23 Gov 45 % 57 % Corp 24 41 MBS 25 --
by ps56k
Wed Jun 04, 2014 1:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Bond allocation / Bond fund handwringing
Replies: 23
Views: 2779
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