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The "somewhat involved" RMD question

MN Finance wrote:Correct. Your 401 is all set. Your IRA is not satisfied. You can choose to push it to next year plus the total 2015 RMD for both the old 401 and original IRA.


MNFinance:
Thanks for your patience with my "convoluted " questions. I believe I "get it" now.
Shawcroft
by shawcroft
Thu Oct 02, 2014 10:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: A "somewhat involved" RMD question
Replies: 10
Views: 801

The "somewhat involved" RMD question

Yes, you can delay the IRA RMD to next year, which may make sense in this case if the NAU distribution was fairly large, but that means next year will have both 2014 and 2015 RMDs in one year. MN Finance: Thanks....so, for this one "transition" year when I attain age 70 1/2, it doesn't ma...
by shawcroft
Thu Oct 02, 2014 9:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: A "somewhat involved" RMD question
Replies: 10
Views: 801

Re: A "somewhat involved" RMD question

When exactly do/did you turn 70 1/2? Christine: Ah, you come directly to the point.....Alas, I hit 70 in February..........so I became 70 1/2 in August..... Having terminated the 401k and captured some unappreciated company shares to use for NUA- which I must pay taxes on in April 2105, I believe I...
by shawcroft
Thu Oct 02, 2014 3:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: A "somewhat involved" RMD question
Replies: 10
Views: 801

The "somewhat involved" RMD question

MNFinance: OK, I get it.....sort of what I thought. For this year, the RMD for RIRA-1 must come from RIRA-1 assets. By terminating the second 401k this year and taking the unappreciated value of NUA shares which exceeds the RMD obligation, I have satisfied the IRS requirements.....but just for this ...
by shawcroft
Thu Oct 02, 2014 3:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: A "somewhat involved" RMD question
Replies: 10
Views: 801

Re: Cramer's sane moment on Gross' exit

.......How many stocks does it take to be truly diversified? I have found that it takes a minimum of five to capture true diversification and protection from the undesirable elements…. [ten would be terrific but] ..... Five "stocks" to capture true diversification .....and ten would be te...
by shawcroft
Thu Oct 02, 2014 3:10 pm
 
Forum: Investing - Theory, News & General
Topic: Cramer's sane moment on Gross' exit
Replies: 24
Views: 3170

A "somewhat involved" RMD question

To my colleagues: I have what I hope will be another interesting situation…and perhaps not uncommon. Some background: I have just attained the age (70) when mandatory distributions must be taken from IRA’s and 401k’s. I have a Rollover IRA at Vanguard, established in 2007, from the residual of the 4...
by shawcroft
Thu Oct 02, 2014 3:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: A "somewhat involved" RMD question
Replies: 10
Views: 801

An example of "set it and forget it"

Jimbeam22:
Once you set the course, your experience is a nice example of staying the course....sort of like being on autopilot.
Shawcroft
by shawcroft
Thu Oct 02, 2014 8:14 am
 
Forum: Investing - Theory, News & General
Topic: An example of "set it and forget it"
Replies: 2
Views: 488

EmergDoc has Surpassed 10,000 posts!

Jim:
Delighted to recognize your achievement... :sharebeer .always a pleasure to read your posts..
Shawcroft
by shawcroft
Tue Sep 30, 2014 11:40 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: EmergDoc has Surpassed 10,000 posts!
Replies: 32
Views: 3082

HAPPY BIRTHDAY, VANGUARD

I think that as the founder, Jack knows when he started Vanguard. He says September 24, 1974 was the start date, and, since he was there, that's good enough for me. Mel: I agree 100%. September 24th it is! :sharebeer I am delighted to wish Vanguard a Happy 40th Birthday and fully expect they will c...
by shawcroft
Thu Sep 25, 2014 9:46 am
 
Forum: Investing - Theory, News & General
Topic: HAPPY [40th] BIRTHDAY, VANGUARD
Replies: 16
Views: 1518

Recommended World War I book(s)

To all my colleagues: My thanks for the excellent suggestions so many of you have provided. Ever the Boglehead, I have already borrowed two of the recommended books from our town library. I have at least 6 more I will peruse over the next several weeks (unless "honey-do" projects" imp...
by shawcroft
Sat Sep 13, 2014 10:41 pm
 
Forum: Personal Consumer Issues
Topic: Recommended World War I book
Replies: 37
Views: 2097

Indeed!- Great deal for new Costco members

I have been inhabiting a similar structure during occasional periods of "marital non-bliss". Nice to see they can now be assembled so quickly...
Shawcroft
by shawcroft
Thu Sep 11, 2014 11:27 pm
 
Forum: Personal Consumer Issues
Topic: Great deal for new Costco members
Replies: 18
Views: 3016

Recommended World War I book

This summer marks the anniversary of the start of the First World War. I've read several recent articles which have commented on the aftermath of the War and its ongoing impact into this century, particularly the end of the Ottoman Empire and the establishment of new nations in the Middle East. Have...
by shawcroft
Thu Sep 11, 2014 11:23 pm
 
Forum: Personal Consumer Issues
Topic: Recommended World War I book
Replies: 37
Views: 2097

Re: Kitchen "Backsplash" question

1) Clean the area with a mild degreaser (e.g., dish soap). 2) Lightly sand the surface. 3) Use a coat of Kilz (or similar product) and have it tinted to be closer to the finish color. Or ... Tile the area. Bison and others: Thanks for the suggestions. My bride votes for a tile design of some sort a...
by shawcroft
Wed Sep 03, 2014 6:03 pm
 
Forum: Personal Consumer Issues
Topic: Kitchen "Backsplash" question
Replies: 14
Views: 1958

Kitchen "Backsplash" question

Despite our best efforts to cook neatly, the sheetrock wall behind our electric stove is getting slightly stained with "splatters" from things like grease from frying. I am considering re-painting the area but am concerned that the splatters would bleed thought the paint. Should I use BIN ...
by shawcroft
Wed Sep 03, 2014 11:36 am
 
Forum: Personal Consumer Issues
Topic: Kitchen "Backsplash" question
Replies: 14
Views: 1958

Re: Your biggest "Missed Money" event that still kills you?

Well, I am a big APPLE computer fan and stuck with them during the dark days of the 1990's...probably could have picked up 500 shares for about $1000 at sometime during that decade......since I am an "apple loyalist", I probably should have done that...... Oh, well, hindsight is 20/20 No r...
by shawcroft
Thu Aug 21, 2014 5:11 pm
 
Forum: Investing - Theory, News & General
Topic: Your biggest "Missed Money" event that still kills you?
Replies: 102
Views: 8354

Re: A question about Sherry

Trader Joe wrote:Toss it.


Ah, there seems to be a difference of views among my learned colleagues..........

Shawcroft
by shawcroft
Thu Aug 21, 2014 4:45 pm
 
Forum: Personal Consumer Issues
Topic: A question about Sherry
Replies: 13
Views: 1308

More on the question about Sherry

It will not hurt you to drink it. You can mail it to me and I will taste it for you, if you like. Ah, Livesoft to the rescue! When things get tough, it is heartening to know that Livesoft stands ready to be of service.... As for the sherry, it doesn't smell different from the Dry Sack sherry I have...
by shawcroft
Thu Aug 21, 2014 3:56 pm
 
Forum: Personal Consumer Issues
Topic: A question about Sherry
Replies: 13
Views: 1308

A question about Sherry

Over the weekend, we happened upon a bottle of Dry Sack sherry tucked away at the bottom of one of our storage shelves in our basement. As best we could guess, it has been laying on its side for a good 8 years.....and the cork must have disintegrated a bit because we were alerted to its existence by...
by shawcroft
Thu Aug 21, 2014 3:15 pm
 
Forum: Personal Consumer Issues
Topic: A question about Sherry
Replies: 13
Views: 1308

Re: US REITs already have international exposure

I, too, have been tempted to add international REITS to our portfolio. Uncertain if it would add a diversification benefit, I have been waiting for studies to confirm- or refute- this possibility. Simplegift's post is the first one showing the correlations of the various global real estate securitie...
by shawcroft
Tue Aug 19, 2014 10:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: US REITs already have international exposure
Replies: 14
Views: 1267

Re: Retirement Party Discussions

At a recent dinner party, I mentioned that I felt that wealth advisors at Morgan Stanley, UBS, Merrill Lynch, JP Morgan, etc were actually evil and their firms simply sucked money away from clients. I got some pushback from that since one person's offspring just got a job as a personal banker at on...
by shawcroft
Tue Aug 19, 2014 9:36 pm
 
Forum: Investing - Theory, News & General
Topic: Retirement Party [Investment] Discussions
Replies: 50
Views: 4465

B&H Photo - NY City Experience

There is one thing you might anticipate if you are ordering from a state that has reciprocal tax reporting with New York. I bought a computer from them a number of years ago, shipped to Florida, and several years after that I received a notice of sales tax due from the Florida Department of Revenue...
by shawcroft
Tue Aug 19, 2014 9:09 pm
 
Forum: Personal Consumer Issues
Topic: B&H Photo - NY City Experience
Replies: 35
Views: 2393

One more ROTH IRA question

One additional question about the ROTH IRA:
Is it better if I write the check for the ROTH IRA from a checking account where I am the sole owner or can I use our joint checking account.....the one I have with my wife?
(Sorry if this appears to be a dumb question)
Shawcroft
by shawcroft
Thu Aug 07, 2014 11:18 am
 
Forum: Personal Finance (Not Investing)
Topic: ROTH IRA question
Replies: 11
Views: 1642

The ROTH IRA question

Alan S.
Yes, that was what I had hoped to do and I appreciate your thoughts. Athough the amount might seem small at this time, left to compound in a ROTH over a few decades it could become significant to my beneficiaries
Shawcroft
by shawcroft
Tue Aug 05, 2014 9:21 am
 
Forum: Personal Finance (Not Investing)
Topic: ROTH IRA question
Replies: 11
Views: 1642

The ROTH IRA question

To Taylor, Alan S. and Celia: Thanks for your replies. Ah, it looks like I wasn’t clear about what happened. I regret my poor choice of phrases. When I spoke with the AON/Hewitt 401 k administrator in late June about doing a rollover to Vanguard, I was informed that THREE checks would be sent to me ...
by shawcroft
Sun Aug 03, 2014 9:27 am
 
Forum: Personal Finance (Not Investing)
Topic: ROTH IRA question
Replies: 11
Views: 1642

The ROTH IRA question

Alan: Thanks for your thoughts. Indeed, I attained 70 in February so I am fast approaching 70 1/2 in mid-August. This would be the first year when I can take an RMD. ( I would HAVE to take it no later than March 31, 2015) Sorry to be a bit dense on this but let me ask about the "mechanics"...
by shawcroft
Sat Aug 02, 2014 11:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: ROTH IRA question
Replies: 11
Views: 1642

Re: Wall Street Journal Subscription Increase

I do enjoy reading the Wall Street Journal and particularly the weekend edition. I jet wander over tour local library and read ( scan) the past week's issues in the course of an hour.... but I do have fond memories of perusing the print version over morning coffee.... I, too, am amazed that hotels o...
by shawcroft
Sat Aug 02, 2014 11:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Wall Street Journal Subscription Increase
Replies: 29
Views: 2417

ROTH IRA question

A ROTH IRA question: I recently rolled over a 401k which I had with a former employer to Vanguard. The 401k plan administrator was AON/Hewitt. I had both pre-tax and after-tax funds in it, although most of it was pre-tax. The pretax check was sent to me, clearly marked payable to Vanguard for my ben...
by shawcroft
Sat Aug 02, 2014 9:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: ROTH IRA question
Replies: 11
Views: 1642

Re: Any thoughts on this study of active v passive

"More important, I hope the individual investor who is predisposed to want to try to beat the market, but cannot find the evidence that active management will beat indexes, will thoughtlessly buy into this BS article and hire me to ( Delete:skim from his investments) manage his investments.&qu...
by shawcroft
Fri Aug 01, 2014 11:17 pm
 
Forum: Investing - Theory, News & General
Topic: Any thoughts on this study of active v passive
Replies: 6
Views: 770

Supermarket Gasoline

Jack FFR1846 wrote:Ah, so I'm not the only boglehead at the stop & shop gas station with 3 six gallon cans and a 20 gallon tank running on fumes, huh?


Jack:
No, you are not the only Boglehead that does stuff like that.....I'm in Connecticut and I see folks doing that!
Shawcroft
by shawcroft
Fri Aug 01, 2014 11:13 pm
 
Forum: Personal Consumer Issues
Topic: Kroger for Gasoline
Replies: 31
Views: 2301

Mutual fund account with Vanguard or MerrillEdge?

sp500: I am a great believer in simplicity and I would open the accounts with Vanguard and not bother with Merrill. My previous dealing with Merrill Lynch makes me suspect something ugly will arise when you try to move the account after 180 days......... I would expect the "financial advisor&qu...
by shawcroft
Thu Jul 24, 2014 5:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Mutual fund account with Vanguard or MerrillEdge?
Replies: 35
Views: 1954

Thank you, Taylor...

I absolutely agree and am delighted to join you- and many other Bogleheads- in a salute to a respected colleague and a member of the Greatest Generation of Americans.
Shawcroft
by shawcroft
Thu Jul 24, 2014 8:34 am
 
Forum: Personal Finance (Not Investing)
Topic: Thank you, Taylor...
Replies: 2
Views: 551

Re: Adding Corporates to Total Bond Market Index

IGovernment officials and regulators have been very specific that next time, corporate bond holders would share 'more of the pain' in any rescue operation. Everyone has seen what Ireland did (guaranteeing the bonds issued by the banks-- see Michael Lewis, Boomerang ) and that it put a huge burden o...
by shawcroft
Tue Jul 22, 2014 11:03 pm
 
Forum: Investing - Theory, News & General
Topic: Adding Corporates to Total Bond Market Index
Replies: 76
Views: 7180

Wellesley Income

Islander and Christine: Thanks for your ideas. I had never considered (actually, had never known about) Equity Income. Wellesley was suggested to me by a Garrett Planner as a fund for my R-IRA on the horizon........it was appealing but I began to wonder about using the funds within the RIRA -as well...
by shawcroft
Mon Jul 21, 2014 7:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Wellesley Income
Replies: 3
Views: 1249

Re: Which Bernstein Book?

You cannot go wrong reading a book by Bill Bernstein. If I were to suggest one of the three you have listed, I would read "the Four Pillars".... If you want to "switch up" on reading styles, I would suggest Rick Ferri's "All About Asset Allocation" as the second one.......
by shawcroft
Mon Jul 21, 2014 2:48 pm
 
Forum: Personal Consumer Issues
Topic: Which Bernstein Book?
Replies: 27
Views: 1953

Wellesley Income

I have a 401k for a former employer which I plan to rollover shortly into an IRA at Vanguard. The VG Total Bond fund was available in the 401k and I plan to move that directly into (I guess this is sort of “in-kind”) my new RIRA. That was the only VG fund offered and the remainder of stuff is mostly...
by shawcroft
Mon Jul 21, 2014 10:56 am
 
Forum: Personal Finance (Not Investing)
Topic: Wellesley Income
Replies: 3
Views: 1249

Re: Smokers [for cooking]

From this discussion, I take it the smokers are primarily intended for cooking large cuts of meat or poultry and the charcoal or gas grills are for the hamburgers, hot dogs, and steak. (correct me if I am wrong). The idea of a smoker certainly appeals to me- let things slowly cook for an hour or so-...
by shawcroft
Mon Jul 14, 2014 10:44 pm
 
Forum: Personal Consumer Issues
Topic: Smokers [for cooking]
Replies: 47
Views: 4780

Re: The (unsung) top 5 list of things to take care of.

VictoriaF wrote: Celebrating 200th birthdays may become quite common.
Victoria


My wife would shoot me long before then!
Shawcroft
by shawcroft
Fri Jul 11, 2014 6:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: The (unsung) top 5 list of things to take care of.
Replies: 5
Views: 1388

Re: Kiplinger: Why You Should Avoid Most Bond Index Funds

[quote="nisiprius"]T Now, why did it have less risk? He throws around the figure about the US being $17 billion in debt, without actually comparing it to anything. Yes, it's an (incomprehensibly) large number". I wish the US government was only $17 Billion in debt. A simple typo.....I...
by shawcroft
Fri Jul 11, 2014 5:39 pm
 
Forum: Investing - Theory, News & General
Topic: Kiplinger: Why You Should Avoid Most Bond Index Funds
Replies: 32
Views: 6816

The (unsung) top 5 list of things to take care of.

Today's BBC Radio 2's popular call-in show featured its regular personal finance expert today. He was asked to come in and talk about the top 5 things to take care of in personal finance that aren't on regular top 5 lists. Laughlinlvr: Some different- and valuable- perspectives on personal finance....
by shawcroft
Fri Jul 11, 2014 5:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: The (unsung) top 5 list of things to take care of.
Replies: 5
Views: 1388

Re: Do rising rates spell doom for REITS

nisiprius wrote:Recap: Rising rates risk REIT reverse? Rarely right. Responsible reasoning reassures readers: research reveals REITS remain relatively robust.


Required reading regarding REITS revenues

Shawcroft
by shawcroft
Thu Jul 10, 2014 11:56 pm
 
Forum: Investing - Theory, News & General
Topic: Do rising rates spell doom for REITS
Replies: 8
Views: 2738

How to Handle a Multi-Generational Trust

quote="Gill"] An easy way to tell if a bank trust representative is trying to mislead you is to look at their face to see if their lips are moving. Shawcroft Thanks! :x That's how I spent my entire career. I hope you don't really believe that. Do you know what a fiduciary is? Gill[/quote] ...
by shawcroft
Thu Jul 10, 2014 11:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to Handle a Multi-Generational Trust
Replies: 24
Views: 3149

Re: How to Handle a Multi-Generational Trust

Also, I want to thank you for the excellent research you did on trust departments in the thread you pointed me to earlier. Boy, you did a lot of leg work. I want to do the same very soon now. Paul: Thanks for your kind words. I never expected to do as much as I did- more questions seem to arise aft...
by shawcroft
Thu Jul 10, 2014 10:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to Handle a Multi-Generational Trust
Replies: 24
Views: 3149

Re: How to Handle a Multi-Generational Trust

[quote="smackboy1"][quote="PBB"]Situation: You're in a good position. With the amount of assets, the doors are open to most institutional trust companies and asset management companies. PBB: I agree with Smackboy- you are indeed in a good position. Having spoken with a number of ...
by shawcroft
Wed Jul 09, 2014 11:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to Handle a Multi-Generational Trust
Replies: 24
Views: 3149

Bank law-violations

Wow!
indeed!
and these clowns are "too big to fail".....don't get me started.
Shawcroft
by shawcroft
Wed Jul 09, 2014 10:52 pm
 
Forum: Investing - Theory, News & General
Topic: Bank law-violations
Replies: 4
Views: 967

Re: Barbecue Set [Cooking tools]

If you happen to purchase via Amazon, you may want to go through this website (link at the top right side of the screen) if you wish to help out. Likewise: Thanks for the links I do use the Boglehead link whenever I buy stuff from Amazon but it is good to always remind folks to do that. It is painl...
by shawcroft
Wed Jul 09, 2014 10:45 pm
 
Forum: Personal Consumer Issues
Topic: Barbecue Set [Cooking tools]
Replies: 12
Views: 1208

Re: How to Handle a Multi-Generational Trust

Yes, I also believe that Vanguard is well suited and situated to last the life of the trust. I will stick with Vanguard. I will also look into their trust department. If they can administer the trust, mores the better. Paul: There has been a ongoing discussion over the past 2-3 years about the Vang...
by shawcroft
Wed Jul 09, 2014 7:29 am
 
Forum: Investing - Help with Personal Investments
Topic: How to Handle a Multi-Generational Trust
Replies: 24
Views: 3149

The Vanguard Total Stock Market Index Fund - Largest Fund

"Does this change anything?" Yes. It greatly reduces the billions of dollars each year that the investment industry takes from uninformed investors. Taylor: Indeed! I hope the news articles which mention this situation generate even more interest by uninformed investors about the value of...
by shawcroft
Tue Jul 08, 2014 10:58 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard Total Stock Market Index Fund - Largest Fund
Replies: 6
Views: 1979

Re: Barbecue Set [Cooking tools]

This thread is now in the Personal Consumer Issues forum (BBQ set). I also retitled your thread. If want to change the thread title, just edit the Subject: line in Post #1. Lady Geek: Thanks for clarifying the title. I appreciate the work you- indeed all of the moderators- do to keep the Boglehead ...
by shawcroft
Tue Jul 08, 2014 9:44 pm
 
Forum: Personal Consumer Issues
Topic: Barbecue Set [Cooking tools]
Replies: 12
Views: 1208

Barbecue Set [Cooking tools]

A practical question.... We would like to buy a barbecue set for a young family who just got ( as a July 4th surprise gift from the wife's parents ) one of those big Weber gas grills....I think the model number is 320. They haven't set it up yet and next weekend they plan to try things out.. We told...
by shawcroft
Tue Jul 08, 2014 7:39 pm
 
Forum: Personal Consumer Issues
Topic: Barbecue Set [Cooking tools]
Replies: 12
Views: 1208

An Old Stock Certificate Question

Interesting discovery. Any idea how long ago the original stock ( evidenced by the certificate) was purchased? The certificate should have a date on it which shows when it was issued- not necessarily the same as the date the stock was purchased. But it will tell you the stock was purchased no later ...
by shawcroft
Tue Jul 01, 2014 12:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: Old Stock Certificate Question
Replies: 11
Views: 821
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