Search found 7385 matches

by celia
Sat Feb 17, 2018 6:18 pm
Forum: Personal Consumer Issues
Topic: What has been your most important skill in achieving financial independence?
Replies: 75
Views: 2889

Re: What has been your most important skill in achieving financial independence?

If you don't need any hand-holding, try Excel for Dummies . Even if you don't understand all of it, understanding some of it will help you. Don't limit yourself to what you think you will use it for. Try new features and you'll soon find reasons to use those features. Your life will start to look di...
by celia
Sat Feb 17, 2018 6:03 pm
Forum: Investing - Help with Personal Investments
Topic: Rollover a Pension into Roth IRA or Traditional IRA?
Replies: 15
Views: 559

Re: Rollover a Pension into Roth IRA or Traditional IRA?

OP, If you have withholding for taxes, that part of the pension distribution is NOT being rolled over. It is like putting it in your checking account, then sending a check to the IRS/state. So that part of the pension distribution will be taxed, since it is a distribution for this year, regardless o...
by celia
Sat Feb 17, 2018 5:44 pm
Forum: Investing - Help with Personal Investments
Topic: How to check if a 1099R was sent to the IRS?
Replies: 3
Views: 546

Re: How to check if a 1099R was sent to the IRS?

Ask them to amend the 1099-R by making all the amounts be 0.

The 1099-R **IS** an IRS form. That is who it is created for. The IRS should get all of them. (You are actually getting a copy, not the original--although they receive it as part of a digital file while you receive a paper copy.)
by celia
Sat Feb 17, 2018 4:58 pm
Forum: Personal Consumer Issues
Topic: What has been your most important skill in achieving financial independence?
Replies: 75
Views: 2889

Re: What has been your most important skill in achieving financial independence?

Learn to do your own taxes. Make a budget and learn to live with it. (Many people have no idea where their money goes. Don't be like them.) Comparison shop instead of picking the first <whatever> you find. Pay off your mortgage early if you have a high interest rate. Find friends who like to do inex...
by celia
Fri Feb 16, 2018 7:58 pm
Forum: Investing - Help with Personal Investments
Topic: Did you learn anything from the market correction?
Replies: 155
Views: 10100

Re: Did you learn anything from the market correction?

I learned that if you have regular business to conduct with Vanguard (or any other brokerage), on a really bad ,the phone and fax lines can be overcrowded. You also might not be able to login to your account.
by celia
Fri Feb 16, 2018 7:43 pm
Forum: Personal Finance (Not Investing)
Topic: Live / work in California - Technology Career
Replies: 98
Views: 5637

Re: Live / work in California - Technology Career

As long as we were talking about the weather, you should like earthquakes, drought, fire, and floods. When fires burn a lot of trees on a hillside/mountain, the following rainstorm cause a mudslide and roads below are often closed. There are lots of little earthquakes that don't make the news, like ...
by celia
Fri Feb 16, 2018 6:38 pm
Forum: Investing - Help with Personal Investments
Topic: Recharacterization, excess contribution, and Backdoor Roth confusion
Replies: 6
Views: 295

Re: Recharacterization, excess contribution, and Backdoor Roth confusion

@Duckie since I recharecterized the Roth contribution - do I indicate that I originally contributed to that IRA in 2017? Or do I just ignore that portion? Vanguard gave me two 1099-R which is throwing off the tax software. I assume I should actually ignore one of those, but I'm unclear which one. Y...
by celia
Fri Feb 16, 2018 5:20 pm
Forum: Investing - Theory, News & General
Topic: Better not taxed now or taxed later?
Replies: 22
Views: 1305

Re: Better not taxed now or taxed later?

Klang, I think the OP means the RMD from a traditional IRA, not from a Roth.
by celia
Fri Feb 16, 2018 5:17 pm
Forum: Investing - Theory, News & General
Topic: Better not taxed now or taxed later?
Replies: 22
Views: 1305

Re: Better not taxed now or taxed later?

Good point, but it doesn't look like that will satisfy his RMD. The first money withdrawn each year after he is 70.5 must be the RMD and that must go to taxable (or to charity by using the Qualified Charitable Donation method). He can always withdraw more and put it in taxable or Roth, in order to ...
by celia
Fri Feb 16, 2018 5:12 pm
Forum: Investing - Theory, News & General
Topic: Better not taxed now or taxed later?
Replies: 22
Views: 1305

Re: Better not taxed now or taxed later?

If your dad is under 59.5, there will be an early withdrawal penalty if he withdraws now. I also assume, he is not talking about Required Minimum Distributions that start in the year he turns 70.5. You are right in that capital gains in taxable will be taxed, but possibly they can be controlled so t...
by celia
Fri Feb 16, 2018 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: I'm Cancelling My Home Insurance
Replies: 125
Views: 6839

Re: I'm Cancelling My Home Insurance

Has anyone on this board ever claimed home insurance for someone who slipped in your driveway? Has anyone on this board ever claimed home insurance when their house burn down? We filed a claim a long time ago. I was pushing a loaded shopping cart through a parking lot and accidentally scratched the...
by celia
Fri Feb 16, 2018 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: How to get child's skin in the game for college?
Replies: 132
Views: 5590

Re: How to get child's skin in the game for college?

What was her response when you asked dd what her plans / goals are and how she will know she's on the right track to achieve them? Funny you asked.. We ask her and she has brilliant plans and ideas and is very positive and optimistic about her plans. But that has been the case always whenever we've...
by celia
Fri Feb 16, 2018 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: I'm Cancelling My Home Insurance
Replies: 125
Views: 6839

Re: I'm Cancelling My Home Insurance

You didn't mention WHY you want to cancel it. If it is to "save money", that is foolish. Save the same amount of money elsewhere. You could easily take a 12% hit in the markets at the same time your house burns down. The risks happen independently of each other. Homeowners insurance usually also cov...
by celia
Fri Feb 16, 2018 2:57 am
Forum: Personal Finance (Not Investing)
Topic: How to get child's skin in the game for college?
Replies: 132
Views: 5590

Re: How to get child's skin in the game for college?

By requiring her to have a certain GPA, the easiest way for her to do that is to take easy classes, those that don't lead to a career. Is that what you want to encourage?
by celia
Fri Feb 16, 2018 2:48 am
Forum: Personal Finance (Not Investing)
Topic: How to get child's skin in the game for college?
Replies: 132
Views: 5590

Re: How to get child's skin in the game for college?

Our kids' "skin in the game" was that they had to buy their own school and dorm supplies (textbooks, computers, off-campus meals, clothing..)--anything that was not part of the college billings. Our kids already knew how to find used books from other students or to order them early online. This kept...
by celia
Fri Feb 16, 2018 12:25 am
Forum: Forum Issues and Administration
Topic: Doesn't seem like people respond to portfolio assessments like they did a few years ago.
Replies: 103
Views: 8183

Re: Doesn't seem like people respond to portfolio assessments like they did a few years ago.

....but there is a lot of preachy advice given on this site that isn't asked for. OP: Can anyone enlighten me on x? Reply: You have a problem with Y and should do Z. Yes, some threads get off-topic, but there are others like me who interject something new into the conversation when the OP didn't ev...
by celia
Thu Feb 15, 2018 11:58 pm
Forum: Forum Issues and Administration
Topic: Doesn't seem like people respond to portfolio assessments like they did a few years ago.
Replies: 103
Views: 8183

Re: Doesn't seem like people respond to portfolio assessments like they did a few years ago.

I have a personal rule of not giving advice to anyone with more money than me, so that pretty much cuts me out of most discussions. I'd drop that rule. It's good to be humble but there are a lot of people you could help. Wealth is often more a function of age than wisdom. Twice as much wealth does ...
by celia
Thu Feb 15, 2018 10:54 pm
Forum: Personal Finance (Not Investing)
Topic: Changing from SS Spousal to Survivor
Replies: 26
Views: 1531

Re: Changing from SS Spousal to Survivor

RM, For a point of reference, I have relatives in their 80s and 90s who are collecting on their own work record. They had middling salaries while working and collect a little over $1,000 a month. Don't forget that those at the bottom wage level get a higher % of their average 35-year wages (below th...
by celia
Thu Feb 15, 2018 10:20 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA - Trading
Replies: 9
Views: 720

Re: Roth IRA - Trading

Sure, you can sell any time you want without tax consequences. I suggest you not sell anything when the markets are falling though. That will "lock in" your losses.
by celia
Thu Feb 15, 2018 12:12 am
Forum: Personal Finance (Not Investing)
Topic: My Over $300K Vanguard Balance Disappeared?
Replies: 62
Views: 9752

Re: My Over $300K Vanguard Balance Disappeared?

Vanguard does a lot of data processing in the middle of the night. Every account has to be updated for current closing values times number of shares. And with tax season here, I'm sure they are doing more data processing than usual to meet IRS requirements. I would give it several hours to update. W...
by celia
Thu Feb 15, 2018 12:03 am
Forum: Personal Finance (Not Investing)
Topic: Changing from SS Spousal to Survivor
Replies: 26
Views: 1531

Re: Changing from SS Spousal to Survivor

RM, Do you have access to comparing the current benefit to what the spouse was receiving before the death? This page on the SS web site implies to me that it is not automatic because the survivor can get different amounts depending on when they apply. https://www.ssa.gov/planners/survivors/ifyou2.html
by celia
Wed Feb 14, 2018 11:43 pm
Forum: Personal Finance (Not Investing)
Topic: Changing from SS Spousal to Survivor
Replies: 26
Views: 1531

Re: Changing from SS Spousal to Survivor

I have heard of cases where SS was never notified of the death and the monthly benefit kept rolling in. The TV show "60 Minutes" had a segment on this a year or two ago and featured an older woman who was being charged with fraud for spending the money her deceased mother was receiving, since she wa...
by celia
Wed Feb 14, 2018 3:42 pm
Forum: Personal Finance (Not Investing)
Topic: Daughter’s College & Grad School Expenses -Nurse Practitioner
Replies: 51
Views: 3182

Re: Daughter’s College & Grad School Expenses -Nurse Practitioner

You don't have to help all your kids in the same way. Maybe one needs "free" child care because both parents work and they live nearby, another may have medical issues and needs a family support system (maybe even moving back for a while), another may have a low-paying job that he loves, but can't a...
by celia
Tue Feb 13, 2018 6:24 pm
Forum: Investing - Help with Personal Investments
Topic: Transfer in-kind between Roth Accounts @ vanguard?
Replies: 6
Views: 309

Re: Transfer in-kind between Roth Accounts @ vanguard?

I transfer in-kind between my Roths all the time, but I am still on the old platform. If one is on the old platform, and one on the new VBS platform then you have to request they do it, but they will. The accounts have to belong to the same person (SSN) and not be inherited. See if there is an "Exch...
by celia
Tue Feb 13, 2018 4:29 pm
Forum: Personal Consumer Issues
Topic: Home buying: how to send postcards to neighborhood we want to live in?
Replies: 38
Views: 3703

Re: Home buying: how to send postcards to neighborhood we want to live in?

I would skip the family photo too. Some of the postcards could be put in drawers or saved for a future sale. Or the current residents' kids could get it and a year later these kids are teasing your kid for buying a house via postcard. You also don't know if a predator would hold onto it. He could ea...
by celia
Mon Feb 12, 2018 3:04 pm
Forum: Investing - Theory, News & General
Topic: How does one emotionally keep it together during market swings?
Replies: 70
Views: 4024

Re: How does one emotionally keep it together during market swings?

The first bear market you experience can be really rough on you, but it's not as bad the third or fourth time. But what's funny, is that you most likely have less money to lose when you are younger and experiencing the first one. Often your net worth is a lot more by the third or fourth time. So, I ...
by celia
Mon Feb 12, 2018 3:06 am
Forum: Personal Finance (Not Investing)
Topic: moving my mother's "escape" fund to me
Replies: 28
Views: 3198

Re: moving my mother's "escape" fund to me

Is there a possibility that your mother will want the funds back later for a future escape, or does your mother intend this to be a gift to you? My mother will no longer want to use them for a future escape. But for long term investment that my mother won't be able to touch. He tends to spend whate...
by celia
Sun Feb 11, 2018 5:52 pm
Forum: Personal Finance (Not Investing)
Topic: moving my mother's "escape" fund to me
Replies: 28
Views: 3198

Re: moving my mother's "escape" fund to me

My mother and father had a tumultuous relationship when I was younger. At one point she thought she might need to escape, and saved up a large amount of money in case that event happened. If your parents lived in a community property state at the time she put these in a joint account with her siste...
by celia
Sun Feb 11, 2018 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: Family expecting “comps”
Replies: 38
Views: 4665

Re: Family expecting “comps”

... our policy has been to charge them if they come up to the register , but we usually give a discount or extra freebies as a favor. Well, we had an immediate family member come to the register yesterday, and they were charged regular price (under $30) but we gave them $15 worth extra. This doesn'...
by celia
Sun Feb 11, 2018 4:40 pm
Forum: Personal Consumer Issues
Topic: Financially secure, horrible workplace but just can't FIRE
Replies: 54
Views: 6189

Re: Financially secure, horrible workplace but just can't FIRE

If you want a volunteer position that uses your pharmacy skills, consider the American Red Cross. There are a lot of their classes you can take to prepare for a disaster and they always need professionals in the medical field in the shelters. Hurricane season is the busiest time of the year as they ...
by celia
Sun Feb 11, 2018 1:04 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio review and financial plan -- 9 years til retirement, maybe less??
Replies: 11
Views: 1242

Re: Portfolio review and financial plan -- 9 years til retirement, maybe less??

We just visited a fee-only financial planner and I told my husband I didn't learn much, at least so far. He says it's because there's little left to learn after being in this group for so long. I think he may be right. I think we should consider that a compliment! DH says similar things and refers ...
by celia
Sat Feb 10, 2018 11:48 pm
Forum: Investing - Help with Personal Investments
Topic: Helping Mom
Replies: 10
Views: 1537

Re: Helping Mom

Great thoughts but she has a dog she frequently drives around to vet etc. So I think right now having her own car makes the most sense. That's not the best reason to own a car. After all, the blind don't drive but they manage to get around with their dogs. Is there anyone in her mobile home communi...
by celia
Sat Feb 10, 2018 11:42 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review, Close to retirement, Help me invest $700K
Replies: 9
Views: 1521

Re: Portfolio Review, Close to retirement, Help me invest $700K

2. From a tax efficiency perspective, how’s the proposed AA/holdings look? What would you do differently? Let's start here since it is the basis for some of the other questions. After you read the wiki on Tax-efficient fund placement , you will see that there is a difference between Asset Allocatio...
by celia
Sat Feb 10, 2018 6:30 pm
Forum: Investing - Help with Personal Investments
Topic: Help Sell FIRE to spouse
Replies: 31
Views: 3514

Re: Help Sell FIRE to spouse

Hammockman, I think I did not explain myself clear enough as it appears you didn't get my point and what another poster was attempting to say. Let me try again. When done, you may decide to keep to your original plan, but I don't want you to be surprised in your 70s when it is too late to change you...
by celia
Sat Feb 10, 2018 4:35 pm
Forum: Personal Consumer Issues
Topic: Financially secure, horrible workplace but just can't FIRE
Replies: 54
Views: 6189

Re: Financially secure, horrible workplace but just can't FIRE

I wouldn't worry about your schedule too much. As you get older, you will get to know more doctors and get to know their staff on a first name basis. You'll become such good "friends", you'll start seeing each other more often. :sharebeer Until then, the world is your oyster. There's a lot to see an...
by celia
Sat Feb 10, 2018 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: Help - why do I owe so much in taxes this year
Replies: 17
Views: 3231

Re: Help - why do I owe so much in taxes this year

Although gross income is irrelevant for taxes, I see that it increased by $16K but only $10K of that went to the 401k. That leaves another $6K to be taxed (line 43). Did you make any deductible IRA contributions in 2016 but not 2017? If true, you still have time to make it. But the best way to figur...
by celia
Sat Feb 10, 2018 5:04 am
Forum: Investing - Help with Personal Investments
Topic: Help Sell FIRE to spouse
Replies: 31
Views: 3514

Re: Help Sell FIRE to spouse

I see a problem you haven't accounted for. Stash Invested/investable assets = $1,640,000 as follows; $200k in cash/high yield savings $1,440,000 between two 401k’s @ IRA at Vanguard …Life Strategy Conservative Growth Funds Plan (inflation not included for ease of math) First two years will use cash ...
by celia
Sat Feb 10, 2018 3:53 am
Forum: Personal Finance (Not Investing)
Topic: Trust Creation with Stepchild
Replies: 12
Views: 946

Re: Trust Creation with Stepchild

You and your wife might also go to one of those presentations by lawyers who are looking for more business. This is a very bad idea. You are going to get a boilerplate proposal that makes it profitable enough to hold dinner meetings paid for by the small fraction of attendees who buy an estate plan...
by celia
Sat Feb 10, 2018 3:24 am
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 219
Views: 13278

Re: free dinner investing seminar

“What have you done with your life? Look at me, a beautiful wife, and we vacation in exotic places every year. You're never going to amount to anything if you don't step up! This is your opportunity to own something!” I was speechless. A 23 year old totally out of my league. Intimidated actually. M...
by celia
Fri Feb 09, 2018 5:03 pm
Forum: Personal Consumer Issues
Topic: Financially secure, horrible workplace but just can't FIRE
Replies: 54
Views: 6189

Re: Financially secure, horrible workplace but just can't FIRE

I've heard it's better to retire to something rather than away from something. This! What are you looking forward to in retirement? It sounds like you haven't made any plans, a bucket list, or know what your days will be like. Many of us who are retired are busier than when we were working. The onl...
by celia
Fri Feb 09, 2018 4:50 pm
Forum: Personal Consumer Issues
Topic: Not happy where we live
Replies: 26
Views: 2826

Re: Not happy where we live

Beach , I think I know what you miss :) , so I offer this suggestion: Why don't you and your wife separately write down the 5 or 10 things you most "like" and "don't like" about where you live. Then do the same for a new place you would consider moving to ("would like" vs "wouldn't like"). When you...
by celia
Fri Feb 09, 2018 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Creation with Stepchild
Replies: 12
Views: 946

Re: Trust Creation with Stepchild

You should look for a lawyer who specializes in estate planning (so you aren't paying a generic lawyer to come up to speed on your dime). You and your wife might also go to one of those presentations by lawyers who are looking for more business. If you don't get direct mailings from them, you can fi...
by celia
Fri Feb 09, 2018 2:45 pm
Forum: Investing - Help with Personal Investments
Topic: Residential Address for Vanguard [personal mail forwarding service]
Replies: 19
Views: 1362

Re: Residential Address for Vanguard [personal mail forwarding service]

I am glad the institutions we trust with our money are concerned with this. If not, I would wonder where else they are "sloppy". Yes, but it should be OK to live and travel in an RV without having a brick and mortar house. Seems you have to break, or at least bend, the rules. If you are doing exten...
by celia
Fri Feb 09, 2018 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: Another 8606 thread - IRS transcript shows all zeros
Replies: 15
Views: 1497

Re: Another 8606 thread - IRS transcript shows all zeros

seawolf21 wrote:
Fri Feb 09, 2018 10:19 am
I efile with TurboTax and show the following:

Form 8606--Nondeductible IRAs
(Occurrence #: 1)
SPOUSE INDICATOR:............................................................5
Woahhhh!!! Do you have 5 spouses? Are you allowed to contribute for each one?

:beer
by celia
Fri Feb 09, 2018 6:24 am
Forum: Investing - Help with Personal Investments
Topic: Helping Mom
Replies: 10
Views: 1537

Re: Helping Mom

What does she use the car for? Are there any other forms of transportation available, like buses that cycle between the mobile home park and shopping area? How far are her doctor(s)? Is Uber or Lyft available in her area? Yes, it's not quite as convenient, but she is on the border of not being able ...
by celia
Fri Feb 09, 2018 5:27 am
Forum: Personal Consumer Issues
Topic: sudden overnight problem with spam email
Replies: 20
Views: 1372

Re: sudden overnight problem with spam email

If they found their way to your spam folder, what's there to worry about? They will delete themselves periodically. I would guess the reason you have multiple ones is likely that there is a new algorithm that guessed your email address and multiple sources that use that algorithm are now spamming yo...
by celia
Fri Feb 09, 2018 5:14 am
Forum: Investing - Help with Personal Investments
Topic: California Teacher Retirement My Wife's 403(b)
Replies: 5
Views: 571

Re: California Teacher Retirement My Wife's 403(b)

Your understanding of CalPers vs CalSTRS is a little off. CalPers is for classified personnel, those whose job doesn't require a teaching credential. CalPers has some highly paid positions, usually at the district office, for things like Human Resources, Technology, and Accounting. CalSTRS is for te...
by celia
Fri Feb 09, 2018 1:35 am
Forum: Personal Finance (Not Investing)
Topic: Do Trust Deeds have to be registered by a government?
Replies: 7
Views: 781

Re: Do Trust Deeds have to be registered by a government?

It is my understanding that to open a brokerage account with, e.g. IB, in the name of a "Trust" one needs to give a copy of the Trust Deed to IB so that as far as IB is concerned they can take care of stuff like tax withholding, money laundering laws, etc. Similarly, I also imagine that in most jur...
by celia
Thu Feb 08, 2018 9:43 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 219
Views: 13278

Re: free dinner investing seminar

I like going to these things and have actually bought what they were offering--because we needed/wanted it anyway. The most recent was for estate planning . We had gone to one of these presentations 30+ years ago and had trusts etc prepared but they were now very outdated and the kids are now adult...
by celia
Thu Feb 08, 2018 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: Do Trust Deeds have to be registered by a government?
Replies: 7
Views: 781

Re: Do Trust Deeds have to be registered by a government?

OP, We have no idea of where you live or what estate, financial, trustee, real estate, or other laws apply to you. I don't even know if we have the same definition of "trust". I think only a competent local estate planning lawyer or someplace that helps you set up a foundation can help you. Better y...