Search found 227 matches

by RandomPointer
Fri Aug 11, 2017 11:46 am
Forum: Personal Consumer Issues
Topic: Laptop suggestions pls
Replies: 30
Views: 2327

Re: Laptop suggestions pls

Consumer reports just changed them to be "not recommended" because so many of them have had problems. https://www.consumerreports.org/laptop-computers/microsoft-surface-laptops-and-tablets-not-recommended-by-consumer-reports/ https://twitter.com/tomwarren/status/895732676551987200 Consumer Reports ...
by RandomPointer
Wed Jul 26, 2017 10:09 am
Forum: Personal Consumer Issues
Topic: online storage for small community - dropbox? other?
Replies: 6
Views: 370

Re: online storage for small community - dropbox? other?

I have been using OneDrive. If you are using MS Office documents, the viewer works. The apps are available on phones.

One thing that I like about OneDrive is that you can share a link with an expiration date.
by RandomPointer
Sun Jul 16, 2017 10:01 pm
Forum: Investing - Theory, News & General
Topic: When to reduce risk?
Replies: 18
Views: 1630

Re: When to reduce risk?

A lot of great replies. Thank you. My expected annual return for my portfolio is 6%. Other than 2011 and 2015, I have been pleased with the return. I started properly investing with index funds in 2013, and I have data for my retirements from 2011. I started investing long before that, but I don't h...
by RandomPointer
Sun Jul 16, 2017 9:47 am
Forum: Investing - Theory, News & General
Topic: When to reduce risk?
Replies: 18
Views: 1630

When to reduce risk?

Thanks to this forum, I am almost half-way to my target retirement balance. I am using Core Four portfolio with 20% bond. My goal is to have 40% bond during retirement. One thing that I do not understand is when to reduce risk? Should I start increasing bond allocation when my portfolio reaches cert...
by RandomPointer
Fri Jul 07, 2017 6:51 pm
Forum: Investing - Theory, News & General
Topic: "My Favorite Mutual Fund"
Replies: 11
Views: 1756

Re: "My Favorite Mutual Fund"

I looked at Jim's portfolio, and he has 5% tilt to small cap value, large value, and emerging market.

Is 5% tilt enough to make a difference?
by RandomPointer
Tue May 02, 2017 6:47 pm
Forum: Investing - Theory, News & General
Topic: Giving a Talk on Personal Finance & Investing - Advice?
Replies: 41
Views: 2968

Re: Giving a Talk on Personal Finance & Investing - Advice?

I did similar talk several times, a lot of people do not know how they are taxed.

At the end, I do not think anyone will remember 10% of what I shared. I made this point, that if they remember one thing, remember that fees matter. Focus on low cost broadly diversified index fund.
by RandomPointer
Mon Feb 20, 2017 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: Reporting backdoor Roth IRA with H&R Block
Replies: 14
Views: 1203

Re: Reporting backdoor Roth IRA with H&R Block

portfoliothrowaway wrote:If you have other assets in trad IRA, rollover IRA, etc. from previous jobs or whatnot, does that mean I effectively cannot do a backdoor roth IRA without getting taxed on the amounts from the previous IRAs?


Yup, your IRAs are treated as a one thing, and your conversion is prorated.
by RandomPointer
Mon Feb 20, 2017 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: Reporting backdoor Roth IRA with H&R Block
Replies: 14
Views: 1203

Re: Reporting backdoor Roth IRA with H&R Block

Just finished mine yesterday and it treated it correctly. As someone notes above, it is confusing. First with the language but secondly in that when you enter the distribution it seems as if it isn't doing it correctly but when you get to the IRA contribution area at the end of that interview area ...
by RandomPointer
Mon Feb 20, 2017 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: Reporting backdoor Roth IRA with H&R Block
Replies: 14
Views: 1203

Re: Reporting backdoor Roth IRA with H&R Block

8606 line 1-5 is empty. I followed Harry Sit's walkthrough here: m I repeated the steps over and over again. HRB always treat my conversion as taxable, and I cannot treat my current contribution as non-taxable. In the link that I pasted above (the one from HRB forum), I unchecked the checkbox mentio...
by RandomPointer
Mon Feb 20, 2017 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: Reporting backdoor Roth IRA with H&R Block
Replies: 14
Views: 1203

Re: Reporting backdoor Roth IRA with H&R Block

I followed the step by step instruction from thefinancebuff.com to file backdoor roth IRA for HRB. The thing is, $5,500 is treated as distribution, but it is not treated as non-deductible distribution. I pay tax on the 'distribution' of my non-deductible tax contribution. My taxable income increases...
by RandomPointer
Mon Feb 20, 2017 2:22 am
Forum: Personal Finance (Not Investing)
Topic: Reporting backdoor Roth IRA with H&R Block
Replies: 14
Views: 1203

Re: Reporting backdoor Roth IRA with H&R Block

I did everything correctly several times. It seems that there is a bug with the H&R Block software. m I will take a look at it again tomorrow. The worksheet for form 8606 has a checkbox that says that I converted all, and received distribution. I did not receive any distribution, so the check bo...
by RandomPointer
Sun Feb 19, 2017 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: Reporting backdoor Roth IRA with H&R Block
Replies: 14
Views: 1203

Reporting backdoor Roth IRA with H&R Block

I am trying to report backdoor Roth IRAs with H&R Block. I followed Harry Sit's step by step guidance. I am expecting line 15b to be zero. However, it is not zero. I have basis from the previous year 8606 for $6. Line 15b shows $10,994. Form 8606 skips part I, Nondeductible contributions to Trad...
by RandomPointer
Mon Feb 13, 2017 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard Trust Services
Replies: 8
Views: 1073

Re: Vanguard Trust Services

I called their number, and I was able to talk directly to the right person. We exchanged emails, and the representative gave me documents, I forwarded the doc to my attorney, and she reviewed the document. They require the will to include some specific trust provision. We have a will with Vanguard a...
by RandomPointer
Tue Jan 24, 2017 2:01 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard as trustee
Replies: 14
Views: 2196

Re: Vanguard as trustee

Talzara, thanks for the Schwab fee schedule. From my discussion with Vanguard, I was told that they require Vanguard to be the asset manager. I cannot pick a fund like balanced index fund, but I have to use their service. That requires management fee, and administration fee. They charge 0.55% below ...
by RandomPointer
Mon Jan 23, 2017 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard as trustee
Replies: 14
Views: 2196

Re: Vanguard as trustee

Thanks for the links to the brochures. I talked to the Fidelity rep today, and he said that there is no fee. Apparently that is incorrect. This is what I see from Schwab. m I have an attorney drafted the will, and it has a generic provision to set up a trust account. I want to give a specific instru...
by RandomPointer
Mon Jan 23, 2017 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard as trustee
Replies: 14
Views: 2196

Re: Vanguard as trustee

I called Vanguard and received documentations for the trust service. They have fees on top of the mutual funds fees. I also compared them with Fidelity and Schwab. Both Fidelity and Schwab do not have fees on top of the ETF/Funds.

I am having a second thoughts about using Vanguard here. Any thoughts?
by RandomPointer
Mon Jan 16, 2017 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard as trustee
Replies: 14
Views: 2196

Re: Vanguard as trustee

You should put the terms of the trust in your will. Direct the PR to transfer your estate to your Trustee. Instruct the Trustee to either keep the funds the way received ( your Apple stock or your home, if appropriate for example), or if converted to cash, to invest the proceeds within the Vanguard...
by RandomPointer
Mon Jan 16, 2017 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard as trustee
Replies: 14
Views: 2196

Vanguard as trustee

First, my apology if I use the terms incorrectly, I am not that great with legal terms. We are drafting a will, and I would like the personal representative to setup a trust to keep our saving until our daughter is ready. I am thinking to put a binding instruction for my personal representative to s...
by RandomPointer
Fri Dec 02, 2016 7:49 pm
Forum: Personal Consumer Issues
Topic: Anyone use a tankless hot water heater???
Replies: 26
Views: 3243

Re: Anyone use a tankless hot water heater???

Like others have said, look at the flow rate. It may not have the capacity that you want.
by RandomPointer
Fri Dec 02, 2016 11:14 am
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvesting with intermediate term bond fund
Replies: 2
Views: 446

Re: Tax loss harvesting with intermediate term bond fund

Yes, my intention is to exchange back to VBIIX after 30 days. My option 2 adds an additional complexity.

Using VBISX looks a decent compromise. The correlation is less than what I want, but it is a decent option.
by RandomPointer
Fri Dec 02, 2016 9:56 am
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvesting with intermediate term bond fund
Replies: 2
Views: 446

Tax loss harvesting with intermediate term bond fund

I own VBIIX (intermediate term bond fund) in taxable, and I have an opportunity to harvest some loss. I would like to get some feedback on a decent tax loss harvesting partner for this fund. I am unable to find a bond fund that has a close correlation with this fund. If there is any suggestion, I wo...
by RandomPointer
Wed Nov 16, 2016 2:30 am
Forum: Investing - Theory, News & General
Topic: TLH on long term loss?
Replies: 4
Views: 514

Re: TLH on long term loss?

I do have short term gains due to company stock sale every year. If I understand correctly, that means if I have 0 long term gain, and a $5k long term loss, I can use that loss to offset the short term gain, and ordinary income.

Thanks!
by RandomPointer
Tue Nov 15, 2016 11:47 pm
Forum: Investing - Theory, News & General
Topic: TLH on long term loss?
Replies: 4
Views: 514

TLH on long term loss?

Thanks to this forum, I learned how to harvest tax loss. I harvested short term tax loss last year, and I understand the benefit. Now, I have few long term positions, and I may be able to harvest some loss. I do not fully understand the benefit. Is there any? or there is but limited? My understandin...
by RandomPointer
Fri Oct 21, 2016 1:36 am
Forum: Personal Consumer Issues
Topic: Visiting Washington, DC
Replies: 27
Views: 2502

Re: Visiting Washington, DC

Thank you so much for all the input. We had a blast. Unfortunately we could not see the monument at night due to our schedule.

We had to rearrange our schedule and we had only three days in DC. This will be a place to visit again in the future. The mosquitoes there were unbelievable. :annoyed
by RandomPointer
Thu Oct 13, 2016 6:47 pm
Forum: Investing - Help with Personal Investments
Topic: Moving from Edward Jones to Vanguard (I know, right?)
Replies: 22
Views: 2783

Re: Moving from Edward Jones to Vanguard (I know, right?)

One advice, don't bother calling your advisor. You can call Vanguard and they will move the money for you. Calling your advisor may cause you trouble. You are stressed enough, talking to them may add more stresses. If you liquidate the funds, probably there will be charges for each one of them. Pay ...
by RandomPointer
Wed Aug 10, 2016 5:00 pm
Forum: Personal Consumer Issues
Topic: Visiting Washington, DC
Replies: 27
Views: 2502

Re: Visiting Washington, DC

What sorts of things are you interested? What types of food do you like? IIRC there was a fairly recent thread on visiting DC so don't overlook it as a resource. History, anything that is unique in DC that we cannot see anywhere else, something delightful for a toddler. We are not picky eater, as l...
by RandomPointer
Wed Aug 10, 2016 1:20 am
Forum: Personal Consumer Issues
Topic: Visiting Washington, DC
Replies: 27
Views: 2502

Visiting Washington, DC

I will be visiting Washington, DC in September. I already contacted my Representative, and I have a reservation to tour to the Capitol. The White House tour is on the waiting list. I will be in DC for about one week, other than visiting friends, we have about five days to enjoy ourselves. I am plann...
by RandomPointer
Tue Aug 09, 2016 1:20 am
Forum: Investing - Help with Personal Investments
Topic: How does a Boglehead save for child's education?
Replies: 144
Views: 13019

Re: How does a Boglehead save for child's education?

So I put the money into a 529 account. While my wife was pregnant, I was 100% sure my kids would go to college. Today I'm not so confident - parenting has been a rough ride. I want them to attend and hope they'll decide to attend, but recognize that it's not our decision, it's theirs in the end. I ...
by RandomPointer
Mon Aug 08, 2016 11:51 pm
Forum: Investing - Help with Personal Investments
Topic: How does a Boglehead save for child's education?
Replies: 144
Views: 13019

Re: How does a Boglehead save for child's education?

So, how are you saving for college? Or are you planning on cash flowing college? I know of no vehicle, besides taxable and 529, that can save up a significant portion of a child's college education. You forgot I Bonds. $10K per parent. If both parents are alive, $20K per year. That is significant f...
by RandomPointer
Mon Aug 08, 2016 6:47 pm
Forum: Investing - Help with Personal Investments
Topic: How does a Boglehead save for child's education?
Replies: 144
Views: 13019

Re: How does a Boglehead save for child's education?

I don't max out my retirement, but that is choice because I don't see a need to. My retirement is being adequately funded without maxing out my space. I don't follow how that means that I shouldn't do a 529. If you don't max out your retirement accounts, Roth may be a better option than 529. It is ...
by RandomPointer
Mon Aug 08, 2016 8:47 am
Forum: Investing - Help with Personal Investments
Topic: How does a Boglehead save for child's education?
Replies: 144
Views: 13019

Re: How does a Boglehead save for child's education?

While I agree that one should secure one's retirement before paying for their children's college, I'm not in agreement that someone who does not max out their retirement every year will not have enough to retire. The vast majority of the US population does not max out their retirement accounts and ...
by RandomPointer
Sun Aug 07, 2016 11:35 pm
Forum: Investing - Help with Personal Investments
Topic: How does a Boglehead save for child's education?
Replies: 144
Views: 13019

Re: How does a Boglehead save for child's education?

We put money for our retirement first, after we maxed out all 401Ks, Roth IRAs, HSA, emergency fund, and saving for big ticket items (car), then we put money into 529. 529 works okay if the contribution is started when the child is still a baby. It has about 18 years to let the market to work. Barel...
by RandomPointer
Sun Aug 07, 2016 4:22 pm
Forum: Personal Consumer Issues
Topic: IPv6 disabled on wife's Windows 10 machine, how do I reenable it?
Replies: 10
Views: 1137

Re: IPv6 disabled on wife's Windows 10 machine, how do I reenable it?

I do not think the IPv6 is the problem. What is the make and model of the laptop? Have you tried updating the drivers? If you open Task Manager (right click on the task bar), and open the Performance tab, you will see network at the left pane. The tab measures four important things in computer perfo...
by RandomPointer
Sat Jul 09, 2016 4:22 pm
Forum: Investing - Help with Personal Investments
Topic: Need help tweaking Rollover IRA - Which Vanguard Bond Fund?
Replies: 6
Views: 526

Re: Need help tweaking Rollover IRA - Which Vanguard Bond Fund?

I personally prefer VBIIX. It is half treasury, and half corporate, without mortgage backed security.
by RandomPointer
Sun Jun 26, 2016 10:30 pm
Forum: Personal Finance (Not Investing)
Topic: Non-cash charitable gift, do I need a written statement?
Replies: 5
Views: 678

Re: Non-cash charitable gift, do I need a written statement?

I always get the receipt, and I took pictures of the items that I donated. I should have been clearer, I do have the receipts. I do not want to spend more time than necessary to prepare my taxes. I prefer not to claim a deduction over $500 if that means I need to spend more time preparing my taxes. ...
by RandomPointer
Sun Jun 26, 2016 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: Non-cash charitable gift, do I need a written statement?
Replies: 5
Views: 678

Non-cash charitable gift, do I need a written statement?

Over the course of several months, we donated a bunch of stuff to Good Will and we have been collecting the receipts. We made several trips to Good Will and on each trip we donated a small amount of stuff. I think we have donated more than $250 worth of stuff. I think I read that I need to provide a...
by RandomPointer
Mon May 23, 2016 6:45 pm
Forum: Investing - Theory, News & General
Topic: Bernstein says emergency fund part of your "asset allocation?"
Replies: 62
Views: 7230

Re: Bernstein says emergency fund part of your "asset allocation?"

It is part of my asset allocation. It makes thing simpler for me to track all of my investment. My net worth is equal to my total investment. When I retire, I won't be needing an emergency fund. Emergency fund is there as a buffer if I lose my job or I have a short term cash need. When I retire, I s...
by RandomPointer
Sat Apr 23, 2016 2:41 pm
Forum: Personal Consumer Issues
Topic: Windows Error message
Replies: 15
Views: 940

Re: Windows Error message

Is that computer joined to a domain?
by RandomPointer
Mon Apr 18, 2016 6:06 pm
Forum: Personal Consumer Issues
Topic: Laptop - Touch Screen?
Replies: 22
Views: 1974

Re: Laptop - Touch Screen?

If you are using Windows 10, you may want to be able to download apps that are available from the Windows Store. There are apps that are natural with touch screen. A lot of games are more natural with touch screen. Other cases for touch screen: if you use power point, you can take advantage of your ...
by RandomPointer
Fri Apr 15, 2016 1:25 am
Forum: Investing - Theory, News & General
Topic: whole life claim: too good to be true, but what's the explanation?
Replies: 15
Views: 1846

Re: whole life claim: too good to be true, but what's the explanation?

This had been discussed quite a bit. Please search the forum and visit whitecoatinvestor.com. Avoid it. It is likely to track the price index, not the total return. Upon death, the beneficiary receives the death benefit, but not the cash value. It takes years to break even. According to Wikipedia, i...
by RandomPointer
Tue Feb 23, 2016 11:41 pm
Forum: Investing - Help with Personal Investments
Topic: Foreign Tax Credit on international funds
Replies: 9
Views: 708

Re: Foreign Tax Credit on international funds

Unless you have very high foreign income or total income, Form 1116 doesn't require you to adjust for qualified dividends; your FTC is limited to the share of your total US tax that was paid on the foreign income, not specifically the dividends. Thus, if you are in the 15% tax bracket and your tax ...
by RandomPointer
Mon Feb 22, 2016 10:48 pm
Forum: Personal Finance (Not Investing)
Topic: Non-deductible IRA contribution, 8606 part 1 is empty
Replies: 11
Views: 1155

Re: Non-deductible IRA contribution, 8606 part 1 is empty

Pls confirm that you entered a Traditional IRA contribution for 2015 tax year into the HR Block software. DSInvestor, I double checked, and you are correct. I entered the wrong information. At the 1099-R questionnaire, which H&R Block asks 'Did you make or will you make before April 18, 2016' a...
by RandomPointer
Mon Feb 22, 2016 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: Non-deductible IRA contribution, 8606 part 1 is empty
Replies: 11
Views: 1155

Re: Non-deductible IRA contribution, 8606 part 1 is empty

I reviewed the 1040 form and I did not see the deduction. I saw the deduction as zero. I will double check again tonight.

I did not check the worksheet. I hope it has something there. If I entered everything correctly, it seems that I may have to contact HR block to see if this is a bug.
by RandomPointer
Mon Feb 22, 2016 2:05 am
Forum: Personal Finance (Not Investing)
Topic: Non-deductible IRA contribution, 8606 part 1 is empty
Replies: 11
Views: 1155

Non-deductible IRA contribution, 8606 part 1 is empty

I am using H&R Block to file my taxes. I have a small amount of Traditional IRA, and I made a non-deductible IRA contribution in 2015. After I made my non-deductible contribution, I immediately convert it into Roth IRA. Everything happened in 2015. I filed the information, and when I looked into...
by RandomPointer
Mon Jan 04, 2016 5:32 pm
Forum: Investing - Theory, News & General
Topic: Excel function to return latest price
Replies: 39
Views: 8047

Re: Excel function to return latest price

If you are using the latest office, you can download this Excel app.

https://store.office.com/stock-connecto ... A104379220
by RandomPointer
Thu Dec 31, 2015 1:53 am
Forum: Investing - Help with Personal Investments
Topic: Planning investment for spouse
Replies: 12
Views: 1451

Re: Planning investment for spouse

The surviving spouse can change ownership of the account to his/her name, if (s)he is the primary beneficiary. Then he can combine it with his other IRAs of the same type (traditional vs. Roth) if desired. But if he needs to use some of the money to live on, he would take it as an Inherited IRA ins...
by RandomPointer
Wed Dec 30, 2015 6:17 pm
Forum: Investing - Help with Personal Investments
Topic: Planning investment for spouse
Replies: 12
Views: 1451

Re: Planning investment for spouse

HeadSpinning wrote:
RandomPointer wrote:My plan is to simplify. 401K will be rolled over into Vanguard IRA, my Roth into hers, .


You could not roll your Roth IRA into someone else's. This are individual plans and cannot be combined with others'.


I thought a surviving spouse can do it in case of death.
by RandomPointer
Mon Dec 28, 2015 10:59 pm
Forum: Investing - Help with Personal Investments
Topic: Planning investment for spouse
Replies: 12
Views: 1451

Re: Planning investment for spouse

My plan is to simplify. 401K will be rolled over into Vanguard IRA, my Roth into hers, and everything will be moved into VASGX, as it has similar composition. Use life insurance money to pay off the house and live until the retirement accounts grow big enough. My plan is to do Roth IRA conversion la...
by RandomPointer
Mon Dec 28, 2015 1:12 am
Forum: Investing - Help with Personal Investments
Topic: Planning investment for spouse
Replies: 12
Views: 1451

Planning investment for spouse

I am comfortable with investing, but my wife is not. I want to make sure my family is okay financially if I die. I have written a plan on what should she do with our investment (401K, Roth, IBonds, life insurance, etc.), but I am afraid that it is too complicated. I am considering having a list of f...
by RandomPointer
Thu Dec 24, 2015 12:58 pm
Forum: Investing - Theory, News & General
Topic: Bogle: "We Need to Fix the Bond Index"
Replies: 46
Views: 5088

Re: Bogle: "We Need to Fix the Bond Index"

2) I buy the argument to avoid MBSs, so I like intermediate bond index better than TBM I share that view. I prefer to use VBIIX (Intermediate bond with no mortgage), compared to total bond. The issue is that my 401K is with Fidelity, and I do not see a cheap way to get BIV/VBIIX without paying a tr...