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Re: Finding Equivalent Vanguard Muni Fund

Thanks, Linenforte. I see it's 28% Puerto Rican bonds. Also, total assets adds up to 114%. I assume that means it's leveraged. Again, I claim no expertise, but it is sounding high risk and volatile.
by rehoman
Wed Oct 01, 2014 10:22 am
 
Forum: Investing - Help with Personal Investments
Topic: Finding Equivalent Vanguard Muni Fund
Replies: 5
Views: 415

Finding Equivalent Vanguard Muni Fund

My father has a Load Mutual Fund called "Oppenheimer Rochester Fund Municipals A" (symbol RMUNX) which he bought in a Merrill Lynch Account. He is sitting on a $12,000 capital loss which I would like him to harvest to lower his taxes. This fund has 0.72% ER but still yields an amazing 6.37...
by rehoman
Wed Oct 01, 2014 7:52 am
 
Forum: Investing - Help with Personal Investments
Topic: Finding Equivalent Vanguard Muni Fund
Replies: 5
Views: 415

Re: My 529 and Coverdell Accounts are overfunded

I just learned some upsetting news. My 529 and Coverdell are way overfunded. This never bothered me too much because I figured I could take the money out and pay a low capital gains tax rate. I have learned that the capital gains will be taxed as ordinary income!! Of course, I would also have to pay...
by rehoman
Sat Mar 02, 2013 12:24 am
 
Forum: Investing - Help with Personal Investments
Topic: My 529 and Coverdell Accounts are overfunded
Replies: 10
Views: 1164

Re: Understanding Inheritance and Estate Taxes

The OP is correct in that NJ and PA impose an inheritance tax. The maximum rate is 16%. This link may help for NJ; http://www.co.middlesex.nj.us/surrogate/taxes.asp . You can search for PA inheritance taxes. Jerry So am I correct that the NJ Niece pays inheritance tax, even though the estate (based...
by rehoman
Fri Mar 01, 2013 11:41 am
 
Forum: Personal Finance (Not Investing)
Topic: Understanding Inheritance and Estate Taxes
Replies: 15
Views: 835

Re: Understanding Inheritance and Estate Taxes

I was not able to find any evidence that when a New York resident dies then a New Jersey resident that inherits would have to pay inheritance tax, or estate tax. Can you find any evidence? My understanding of inheritance tax must be lacking. I assumed if you inherit anything from anybody other than...
by rehoman
Fri Mar 01, 2013 11:09 am
 
Forum: Personal Finance (Not Investing)
Topic: Understanding Inheritance and Estate Taxes
Replies: 15
Views: 835

Understanding Inheritance and Estate Taxes

Can anyone help me understand how to calculate how much an heir might actually receive? Or maybe point me to a site that could help me. Here is my situation: Aunt "Jane Doe" (unmarried widow) has an estate worth $3 million and is a NY State resident. At the advice of her attorney, virtuall...
by rehoman
Fri Mar 01, 2013 9:34 am
 
Forum: Personal Finance (Not Investing)
Topic: Understanding Inheritance and Estate Taxes
Replies: 15
Views: 835

Re: Where can I get a Coverdell ESA?

Since I like to invest with a big name no-load mutual fund company, I did a quick check. Fidelity and T. Rowe Price also stopped offering Coverdells. Are there any other big players I should check?
by rehoman
Wed Feb 27, 2013 11:34 am
 
Forum: Personal Finance (Not Investing)
Topic: Where can I get a Coverdell ESA?
Replies: 3
Views: 278

Where can I get a Coverdell ESA?

Even though Congress made the annual contribution limit of $2,000 permanent, Vanguard is not offering Coverdell Education Savings Accounts anymore. I like Coverdells and have often recommended them to others. Since Vanguard has abandoned this market, I am wondering if any other mutual fund companies...
by rehoman
Wed Feb 27, 2013 11:01 am
 
Forum: Personal Finance (Not Investing)
Topic: Where can I get a Coverdell ESA?
Replies: 3
Views: 278

Re: Grabiner: Tax-Managed International or Total Internation

If I were to start now I would have all my international exposure in just two funds: 1. Vanguard Tax Managed International (I've been in this for years and the distributions are minimal) 2. Schwab Emerging Markets ETF (I am in Vanguard's ETF, but Schwab's expense ratio is just 0.15 percent, undercut...
by rehoman
Sat Feb 16, 2013 9:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: Grabiner: Tax-Managed International or Total International?
Replies: 21
Views: 1682

My 529 and Coverdell Accounts are overfunded

I have 2 college age children. Each has a Utah 529 and a Vanguard Coverdell. College costs are lower than expected and investment performance has exceeded my expectations. After they both graduate, they will each have about $90,000 left over, for a total of $180,000. I will not need this money for r...
by rehoman
Thu Jan 31, 2013 12:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: My 529 and Coverdell Accounts are overfunded
Replies: 10
Views: 1164

No easy answers here

My uncle has never made a formal "distribution" to himself from this trust. He does have a credit card that draws from the cash balance and occasionally uses it. Knowing his spending habits, it is clear he has hardly taken any income from the trust. Yet, the current cash balance is only ab...
by rehoman
Mon Apr 11, 2011 9:16 am
 
Forum: Personal Finance (Not Investing)
Topic: Irrevocable Trust - can assets be removed from one?
Replies: 23
Views: 3709

Interesting responses

THanks to all for sharing your knowledge and thoughts. Just a little more background: My uncle is not an evil person. He has made very large cash gifts for many years to his child thinking this was her early inheritance. He didn't know that this trust still had to go to her. In fact, his current wil...
by rehoman
Sat Apr 09, 2011 10:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Irrevocable Trust - can assets be removed from one?
Replies: 23
Views: 3709

Irrevocable Trust - can assets be removed from one?

I have a question regarding an irrevocable trust for my elderly uncle. In order to simplify things, this relates to my Uncle (age 85), my Aunt (deceased since 1990), and their Child (age 50). When Aunt died, an Irrevocable Trust was created to benefit Child. Uncle is the Trustee and he was to receiv...
by rehoman
Fri Apr 08, 2011 11:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Irrevocable Trust - can assets be removed from one?
Replies: 23
Views: 3709

Does the Government Encourage Converting tIRA to Roth IRA?

It has been my understanding that the Treasury Department would like as many of us as possible to convert our IRAs to Roth IRAs, so that we pay taxes over the next two years, instead of much later? That made complete sense to me since, by all appearances, they desperately need the tax revenue now. I...
by rehoman
Sun Dec 05, 2010 3:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Does the Government Encourage Converting tIRA to Roth IRA?
Replies: 4
Views: 679

Effect of an Inheritance on Social Security Income

Hello All, I don't claim to know much about how Social Security works, so please excuse my ignorance. I am trying to help my 87 year old uncle. He collects social security and also about $60,000 annually in investment income (stocks/bonds/funds). He has no pension. Three years ago, his house burned ...
by rehoman
Sun Dec 05, 2010 3:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Effect of an Inheritance on Social Security Income
Replies: 7
Views: 1685

Can anyone address the impact of Roth conversion on FAFSA

Intruder: I shouldn't have put in the comment that the government wants us to convert. I agree with much of what you said, but I've already done the analysis and made the decision to convert my wife's IRA to a Roth. That's not the issue I'm wrestling with right now. Everyone else: Do you have any kn...
by rehoman
Fri Dec 03, 2010 5:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: NYT: Roth IRA conversion can hurt college aid
Replies: 18
Views: 3185

Any new thoughts on Roth IRA conversion impact on FAFSA?

This is an important topic. The government wants us to covert our IRA to a Roth, and pay some much needed taxes. It would be unfair to then penalize us from getting financial aid for our children's college costs because our Adjusted Gross Income goes up. Especially since we never actually receive th...
by rehoman
Fri Dec 03, 2010 2:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: NYT: Roth IRA conversion can hurt college aid
Replies: 18
Views: 3185

Humidifiers can be scary

I wouldn't use a furnace-mounted humidifier because I want a unit that I can see and clean. I once let a portable until go to long without cleaning and I developed some indoor air quality issues. Bacteria, mold, and whatever will want to grow there. I use two portable units - one upstairs and one do...
by rehoman
Thu Dec 17, 2009 11:55 pm
 
Forum: Personal Consumer Issues
Topic: Humidifiers with Forced Air Heat
Replies: 23
Views: 5515

tjwolf: Organizations offering a subaru discount

tjwolf: the link you provided did not enable me to see a list of organizations offering a Subaru discount. Is there any other way I could find out.?
by rehoman
Fri Dec 04, 2009 12:11 am
 
Forum: Personal Finance (Not Investing)
Topic: Looking at a new Subaru or?
Replies: 57
Views: 9388

Back Door Roth IRA - Can I do this?

Hello everyone, My wife and I could use some help understanding the "back door Roth IRA". I called Vanguard and the rep kept putting me on hold to check the answer... I lost my confidence. Here's my situation. My wife has a Traditional IRA that has been funded with both pre-tax and taxed c...
by rehoman
Tue Dec 01, 2009 10:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: Back Door Roth IRA - Can I do this?
Replies: 20
Views: 3433

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