Bogleheads

It was a disappointing turn-out; some contacted me beforehand due to emergencies, but I did not want to cancel for the ones who were already planning to go.

I think we are too-spread out geographic ...

He has $40k in a taxable account and is looking for some additional retirement income.
I'm not clear if he wants extra income during the next 4 years only (ie, spend $10k each year) or if he wants m ...

Your mom is having an "emergency" now. A few months of emergency savings isn't going to do anything for her since she is not working and will need to live off this "emergency fund" ...

when might be a good time to rollover the Fidelity fund
As soon as you are eligible.

I'm not sure of the current rules, but I think you need to have left the company sponsoring the retirement plan ...

Yann, The decision to convert or not was discussed from the perspective of a 78-year-old in [url=http://www.bogleheads.org/forum/viewtopic.php?t=45291]another thread. If you don't convert, you'll be ...

I'm somewhat surprised by the relatively clearheaded thinkers who are posting here and "don't know what to do". What do you want to happen for your circumstances? What are the steps to mak ...

I don't think there is enough information:

How old is she now and how much coverage are you recommending? What is the yearly premium for that? Is inflation coverage included?

How much are th ...

It's most likely a test to check if he is ethical and honest.
It's a test to check if he's really an accountant or can justify the difference. As previously said, can he ask for clarification while ...

I have a brokerage account with another firm and I can buy Vanguard funds through them. Call TOS or look on their web site to see what mutual funds are available to you.

I think we would also need to know if your income during retirement will cover your expenses or how much a year will have to be withdrawn from the Vanguard assets. It is recommended to withdraw no mo ...

...you do not have to keep the different Roth IRAs separate anymore, but many people find it convenient in case they decide to re-characterize the rollover later
I agree. Many employer plans have li ...

There were very few mutual funds in 1949 compared to the thousands today.

The regulations on stocks and funds were very different than today.

Laws and tax regulations were different.

Informat ...

Rusty, your situation is a bit different in that you could have a penalty for withdrawing from the IRA before 59 1/2.

Tom is over 70 1/2 and is required to take withdrawals because of his age. Man ...

I've been doing bi-weekly contributions to my traditional IRA at Vanguard with my post-tax money that I'm not qualified to take a tax deduction on. If I rollover my contributions to the Roth next ye ...

When you recharacterize, you need to return the contribution and the earnings. This is easiest to do if the conversion goes into a new account. It can still be done if you convert to a new fund in a ...

Reminder, We are meeting today!

Lurkers are free to join us. You'll fit right in since none of us have ever met in person, as far as I know.

See a few postings above and click on the link for ...

Welcome, Will, and thanks for joining the forum.

I want to clarify some terminology for this thread. (The wrong terminology can give a different meaning to what you are saying, and it might not be ...

Another comment...

Note that at Vanguard, once you do a re-characterization, your traditional IRA is "locked" so that you can't do any conversions from it for the remainder of the year. ...

Tom, I think you are not getting any responses because there are several similar threads like this at the moment. It's nothing personal.

I'm glad you were able to decide that a conversion was wort ...

1. Should I leave my 403B where it is at or roll it over to my trad IRA? If I roll it over, I think I will have to pay taxes at my tax bracket (not capital gains, right?) The problem is, for simplicit ...

kaneohe, That is a very good suggestion to run your numbers through software to verify what you expect your tax liability to be. You also want to watch for AMT (Alternative Minimum Tax) or becoming i ...

The $115K is what they’ve saved up from the pension + the up front retirement money my dad got when he retired (I’m not super in on the details, my parents will tell me the least about their finan ...

Larry......because you would be paying conversion taxes our of the TIRA (which is generally not recomended but, apparently for you is the only way), the case for conversion (except for a small amount ...

I have decided not to convert all or a large part of the IRA because I would have to pay taxes from the IRA and this doesn't work.

I would agree that this wouldn't make financial sense for you.

Ask the lender or whoever sends you the statements. To make good decisions about one's money, it helps to have as many facts available as possible.

no-to taxes
yes-to declaring it on her return

However, she won't be able to pay herself back, which means the compounding effect of that money will be lost.

Contributing towards a Roth or a mortgage pay-down aren't your only choices. Both of these will tie up money that would no longer be available for other things, if an opportunity should arise. (Sorr ...

Many retirees considered their Roth an "emergency fund". They may not need to take withdrawals from it, but find comfort in knowing it is there. They may not have an "emergency fund&q ...

Maybe he'd like to have one some day. This transaction would then affect her (since it would be a drain on their income).

But maybe we can start brainstorming on what topics we are knowledgeable about and want to share, or are not so knowledgeable about and want to learn more.
This is what I had in mind too. So far, w ...

Wanting to close on a house in a few weeks is a red flag in itself. What if they called and said they had to close in 24 hours? Get real!

We spent a year looking for our first house. We went to ...

Please remind me why I might need to recharacterize, assuming I convert near the end of the year when I know my income ?
If the value of the converted asset goes down significantly between now and Oc ...

My parents say the real estate agents were telling them that they can remove me and my brother from the deed in one year or so, when they can qualify for a loan themselves. That sounds sketchy to me. ...

I agree with all of the above.

However, have you talked to your brother? He may feel the same as you, in which case it is not "you against the whole family" but "your parents again ...

kaneohe, You are right about my typo. Thanks for clarifying.

Larry, I like the memo you linked to at Vanguard. At the end, in Figure 4, I noticed that according to the current tax code, the tax r ...

In our case, using the VG calculator...shows that we would be losing close to 100k more over the long term, when looking at our total to convert, our anticipated tax rate, and the length of time remai ...

For those that have taxable holdings and can pay the tax up front and avoid reducing the amount to invest over the long term, it makes sense. For others, it does not.
I don't see any real difference ...

I do continue to think of John Bogle's statement "I'll earn my fair share. That's enough for me" as I consider what I should do to minimize my tax impact.
Most of us try to minimize our tax ...

pshonore (and others), Thanks for the correction. There's so many rules for each situation that sometimes we forget about things like this.
my tax projections indicate that my Rollover IRA balance ...

You need to have a Roth for 5 years before you can withdraw from one tax-free. You don't have to withdraw from the account that is over 5 years old, just have at least one that is. If you don't curr ...

While I am around, I would know from which funds to get distributions but if I were to become incompetent or die, I am trying to make it easier for my spouse or power-of-attorney to take distributio ...

3. I'll read that article, thanks. Part of my reason for having these,
frankly, is that it's fun to "play" the market, trying to market time in and
out of positions. I know this is a h ...

You didn't ask this but if she has a Traditional IRA and wishes to convert to ROTH-IRA that can also be online without paperwork. Simply exchange from a fund in TradIRA to another fund in ROTH-IRA. ...

Is someone able to answer my question:

I am working and spouse and I are not eligible for HSA. But we took a dependent off my employer coverage this year and his new insurance is HSA-compatible (h ...

What do you mean by it does not matter who will be the owner the arrangement will be easy for that person to decide which account to withdraw? Can you explain?

I do intend to convert more from Rol ...

will receive non-COLA pension of about $65,000 per year. I’ve read many who plan to defer SS, and I may ultimately be convinced to do likewise. But at this point, I lean toward taking SS at 62. At ...

Todd, I agree that you are on the right path. We all have different resources at our disposal and different goals/needs. It is how we match our resources to our needs that counts. In your case, hel ...

C'mon L.A and Orange County! So far we only have 2 sign-ups.

I doubt if this is going to impact me significantly. I make about $40,000 year and am maximizing my 401(k) contributions. Right now, my state tax withholding is just under $4.00 bi-weekly, so the ad ...

Rainbow:

Also, there are some funds in specific sectors for example real estate that I am owning now. After rebalancing, if I put everything in Total Stock Market Index, I will be out of that secto ...