Search found 7053 matches

by celia
Thu Nov 23, 2017 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: Capital loss on Roth conversion question
Replies: 10
Views: 400

Re: Capital loss on Roth conversion question

forgot to mention that all contributions were nondeductible contributions... Such a small detail! In that case, the original $36940 has already been taxed. Only the amount above that will be taxed when you convert (assuming you filed Form 8606 each year you made a non-deductible contribution). $369...
by celia
Thu Nov 23, 2017 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: Capital loss on Roth conversion question
Replies: 10
Views: 400

Re: Capital loss on Roth conversion question

No. There are no capital gains or losses within IRAs or employer retirement plans.

However, you now can convert some/all of it and pay less taxes on the conversion than if you had converted earlier!
by celia
Thu Nov 23, 2017 11:13 am
Forum: Personal Consumer Issues
Topic: Public or Montessori Private School
Replies: 48
Views: 2530

Re: Public or Montessori Private School

As a public school teacher, I would say it depends on the quality of your public schools. Ask parents of older children what their experiences have been in the public schools. Most people think their public schools are good, even when they're not. "Terrible" schools only exist elsewhere. After all,...
by celia
Thu Nov 23, 2017 2:01 am
Forum: Personal Consumer Issues
Topic: Public or Montessori Private School
Replies: 48
Views: 2530

Re: Public or Montessori Private School

We sent our daughter to the absolutely best private kindergarten in our county. She had to apply, pass exams, and get interviewed (and so did her parents). After that kindergarten we sent her to public school for grades 1-12. At the time in our area, private kindergarten was a full-day program, but...
by celia
Thu Nov 23, 2017 12:48 am
Forum: Investing - Help with Personal Investments
Topic: Retire couple Roth Conversion Help
Replies: 39
Views: 2197

Re: Retire couple Roth Conversion Help

See if you can convert the value to a bond fund, then exchange the same value of a bond fund in a tIRA to a stock fund. Then convert! I probably didn't explain that account very well. They created this IRA account decades ago before I started helping them consolidate to Vanguard. They pay a large d...
by celia
Thu Nov 23, 2017 12:26 am
Forum: Investing - Theory, News & General
Topic: DISTRIBUTIONS
Replies: 9
Views: 1161

Re: DISTRIBUTIONS

have taken distributions for almost 10yrs, probably a million dollars So, you have been averaging $100K distributions so far. Is that your living expenses or has some of it been Roth conversions? Do you have taxable that you can use for living expenses instead? It appears your RMDs will start at $1...
by celia
Wed Nov 22, 2017 2:20 am
Forum: Personal Finance (Not Investing)
Topic: Help DW gets fired, but then next day her boss offers her job back
Replies: 135
Views: 7179

Re: Help DW gets fired, but then next day her boss offers her job back

...she was just let go and Wednesday will be her last day....I would have to think they could easily fire her again Which is it? Was she fired (for cause) or laid off (because the business has financial difficulties)? It makes a difference when she tries to file for unemployment. Btw her and our ba...
by celia
Tue Nov 21, 2017 8:45 pm
Forum: Investing - Help with Personal Investments
Topic: Retire couple Roth Conversion Help
Replies: 39
Views: 2197

Re: Retire couple Roth Conversion Help

<--I would convert his stock fund before any bond funds. The stock fund at Transamerica is complicated. Its the only fund I was not able to move to Vanguard because it has a death benefit rider that they have paid for over the years that requires a minimum balance. I'll look into it more but I was ...
by celia
Tue Nov 21, 2017 8:41 pm
Forum: Personal Finance (Not Investing)
Topic: OP UPDATE:Car Accident- challenge getting funds for repairs by responsible party/insurer
Replies: 28
Views: 1413

Re: Car Accident- challenge getting funds for repairs by responsible party/insurer

Thanks Jack. I took a picture of the plates and his license and his insurance card. I'll call to file a police report. If you downloaded the photos already, do not edit them since the metadata may contain GPS coordinates and time stamp. Always edit a COPY of the photos. If you carry Uninsured Motor...
by celia
Tue Nov 21, 2017 8:32 pm
Forum: Personal Consumer Issues
Topic: Christmas gifts for lots of kids (experiences or stock)?
Replies: 34
Views: 1998

Re: Christmas gifts for lots of kids (experiences or stock)?

Don't give them any kind of investments without their parents' acknowledgement and ok. The parents will have to start reporting dividends or LT gains for the kids. It makes extra work, and can be annoying if the value isn't significant. Don’t gift stock (at least Disney). I have a share from when I ...
by celia
Mon Nov 20, 2017 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: Medigap plan F--Aetna or Statefarm
Replies: 27
Views: 3360

Re: Medigap plan F--Aetna or Statefarm

By law all of the plans are identical for each letter. No matter who sells it and no matter what the premium. The coverage is identical. Depending on zipcode and company premiums can vary a lot. The only difference is the premium. Why is the same plan priced differently for different carriers? They...
by celia
Mon Nov 20, 2017 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Issue with spousal contribution to Backdoor Roth IRA after just getting married
Replies: 3
Views: 294

Re: Issue with spousal contribution to Backdoor Roth IRA after just getting married

my wife had directly contributed $216.24 ... conflicts with ... to a previous Roth IRA she had with a prior employer because employers don't manage or contribute to Roths. But possibly you are referring to a SIMPLE IRA contributed to by a small employer. A SIMPLE IRA is a specialized Traditional IR...
by celia
Mon Nov 20, 2017 12:42 pm
Forum: Personal Finance (Not Investing)
Topic: Return of IRA contribution performed early in year, amend 1040 that year or the prior year?
Replies: 15
Views: 818

Re: Return of IRA contribution performed early in year, amend 1040 that year or the prior year?

So, do NOT file an 8606 in this situation. Seems to me a CORRECTED 2014 Form 8606 will have to be filed since an incorrect one has already been sent to the IRS. Yes, if a 2014 8606 was filed in error it needs to be corrected. But it sounds like they rejected it and sent it back to the OP. OP's lett...
by celia
Mon Nov 20, 2017 2:29 am
Forum: Investing - Help with Personal Investments
Topic: Retire couple Roth Conversion Help
Replies: 39
Views: 2197

Re: Retire couple Roth Conversion Help

You have a lot of good questions and I don't have time for a lot of good answers, but here are a few: Portfolio: $3,352,000 Taxable at Vanguard $360k cash $486k VTSAX - US Stock $484k VTIAX - Int Stock Her Roth IRA (opened 1/27/09) at Vanguard $11k VTSAX - US Stock Her Rollover IRA at Vanguard $248k...
by celia
Mon Nov 20, 2017 1:14 am
Forum: Personal Finance (Not Investing)
Topic: Return of IRA contribution performed early in year, amend 1040 that year or the prior year?
Replies: 15
Views: 818

Re: Return of IRA contribution performed early in year, amend 1040 that year or the prior year?

The 1099R is coded correctly, and I assume Box 2a is blank, and "taxable amount not determined" box is NOT checked. Box 2a is blank, BUT "taxable amount not determined" box IS checked. I wonder if the custodian always checks that on returned contributions just so they're not liable in case some nut...
by celia
Sun Nov 19, 2017 1:31 am
Forum: Personal Consumer Issues
Topic: My dad's army jacket
Replies: 69
Views: 4481

Re: My dad's army jacket

Let's set aside the idea that it is an army jacket.

OP, if your parent/grandparent had been a policeman, surgeon, construction worker, postal employee, UPS driver, or worked for a company with a uniform, would you wear their work clothes in public?
by celia
Sun Nov 19, 2017 12:55 am
Forum: Investing - Theory, News & General
Topic: Is treating all accounts as one bucket really simpler
Replies: 21
Views: 2697

Re: Is treating all accounts as one bucket really simpler

Traditional versus Roth is almost irrelevant for asset location. If you retire in a 25% bracket, you will get exactly the same value from $40K in a traditional IRA or $30K in a Roth IRA if invested the same way; if the market doubles or halves, you will get $60K or $15K either way. This is only tru...
by celia
Sun Nov 19, 2017 12:37 am
Forum: Investing - Theory, News & General
Topic: Is treating all accounts as one bucket really simpler
Replies: 21
Views: 2697

Re: Is treating all accounts as one bucket really simpler

To me rebalancing is much easier when you simply have to enter desired percentages for each account. If you want a 60/40 portfolio (stocks/bonds), as an example, you don't need to set every account to 60/40. In fact, if you do that, it is not tax-efficient. If you have not yet read the Tax-efficien...
by celia
Sat Nov 18, 2017 11:11 pm
Forum: Personal Finance (Not Investing)
Topic: Return of IRA contribution performed early in year, amend 1040 that year or the prior year?
Replies: 15
Views: 818

Re: Return of IRA contribution performed early in year, amend 1040 that year or the prior year?

I think I understand your situation, but see it a little differently than Alan S. I will assume you had nothing else in your tIRA in 2014 or 2015. Please advise, if you did. The 1040 for each year that you filed does not need to be amended if line 15b was 0 on each return. For 2015, line 15a should ...
by celia
Sat Nov 18, 2017 5:34 pm
Forum: Investing - Help with Personal Investments
Topic: RMD account
Replies: 16
Views: 1287

Re: RMD account

Hitting your RMD to the exact dollar is challenging unless you distribute some cash since mutual fund values change every day, and specific securities change value constantly. You cannot be sure exactly when the distribution will be processed and the value recorded, and therefore there will likely ...
by celia
Sat Nov 18, 2017 2:16 pm
Forum: Investing - Help with Personal Investments
Topic: Roth transfer: Wait for December distributions?
Replies: 11
Views: 1001

Re: Roth transfer: Wait for December distributions?

If you plan to transfer the holdings, it doesn't matter where they are held when the distribution comes in. You will get the same dividend regardless of where they are held. The price will also be the same regardless of where they were held. Even after a dividend is declared, you can move your asset...
by celia
Fri Nov 17, 2017 9:12 pm
Forum: Personal Finance (Not Investing)
Topic: Risks of Non-ACA Compliant Health Insurance?
Replies: 66
Views: 2627

Re: Risks of Non-ACA Compliant Health Insurance?

Tanelorn wrote:
Fri Nov 17, 2017 7:41 pm
It's probably hard to run up $1M in costs in just 6 months, but I guess it's possible.
It's not hard at all if you have a premie with birth defects. Or the whole family is in a car accident.
by celia
Fri Nov 17, 2017 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: Risks of Non-ACA Compliant Health Insurance?
Replies: 66
Views: 2627

Re: Risks of Non-ACA Compliant Health Insurance?

I would think there are some ACA-compliant health insurance companies you could find. Call up a doctor's office or two and talk to the person who handles insurance there. Ask what insurance(s) they accept that are ACA-compliant. Or look at the website for your state's department of insurance. Even t...
by celia
Fri Nov 17, 2017 5:07 pm
Forum: Investing - Help with Personal Investments
Topic: RMD account
Replies: 16
Views: 1287

Re: RMD account

If you like your current asset allocation and think it has the right amount of risk for you, you can just keep it. You can withdraw anything you want from it in-kind , which means to transfer the asset out without selling it and re-buying it in a taxable account. For example, you could withdraw x sh...
by celia
Fri Nov 17, 2017 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: non deductible ira moved to 401k??
Replies: 8
Views: 678

Re: non deductible ira moved to 401k??

We have seen cases in this forum where some plans accept the growth and some plans don't. We have? I've seen you claim it often. I don't recall many if any actual cases. Could you provide some thread links? OK. I would like to do this, but it is difficult to search my own posts since I have so many...
by celia
Fri Nov 17, 2017 1:15 am
Forum: Investing - Help with Personal Investments
Topic: Finance Simplicity
Replies: 36
Views: 1893

Re: Finance Simplicity

Problem is: I can't put $10,000 into a Roth IRA every year. Your only allowed $5500. All these rules need to be removed so things are simpler. This would be simple : Put $5,500 into EACH account every year. OR... In January of even-numbered years, (eg, 2018), put $10,000 or $11,000 into your Roth, ...
by celia
Fri Nov 17, 2017 12:59 am
Forum: Investing - Help with Personal Investments
Topic: Finance Simplicity
Replies: 36
Views: 1893

Re: Finance Simplicity

A checking account, savings account, credit card, AND a mutual fund?! So many rules and regulations and fees... I just stuff cash in a shoebox and hope for the best. Who on earth can possibly find 30 mins a month (year?) to negotiate a few separate retirement savings accounts????? This is too compl...
by celia
Thu Nov 16, 2017 8:29 pm
Forum: Personal Finance (Not Investing)
Topic: non deductible ira moved to 401k??
Replies: 8
Views: 678

Re: non deductible ira moved to 401k??

They will gladly roll the non-deductible basis and any earnings back into the IRA it came from. I don't know about "gladly". Yes, They will WANT to do this since I believe that holding onto it may put their plan in jeopardy if it remains in the plan. (I don't have time to look for an official refer...
by celia
Thu Nov 16, 2017 8:20 pm
Forum: Investing - Help with Personal Investments
Topic: Been thinking about this post for a while...Mom's retirement
Replies: 13
Views: 1533

Re: Been thinking about this post for a while...Mom's retirement

Why do you feel you need to "cash out" her $300K in investments? She and your dad look like they may have already racked up a lot of taxable income for the year by withdrawing from some retirement accounts. The accounts that were owned/co-owned by your dad now have a stepped-up value, but something ...
by celia
Thu Nov 16, 2017 2:52 am
Forum: Personal Finance (Not Investing)
Topic: non deductible ira moved to 401k??
Replies: 8
Views: 678

Re: non deductible ira moved to 401k??

You will have to notify the 401K custodian of both the amount of the non-deductible contribution that they received and the growth on that contribution that they received, since they have no way of determining the growth that happened before they received the money. For example, the contribution cou...
by celia
Thu Nov 16, 2017 2:03 am
Forum: Personal Finance (Not Investing)
Topic: Fair way to split expenses?
Replies: 105
Views: 4507

Re: Fair way to split expenses?

We have a checking account for joint expenses and each of us gets the same dollar amount for "discretionary" expenses, that we each decide how it is to be spent. Who earned the money is irrelevant. Then the question is what bills are paid out of each. The easy parts are joint household expenses and ...
by celia
Thu Nov 16, 2017 1:33 am
Forum: Personal Finance (Not Investing)
Topic: Gifting of stock in error
Replies: 8
Views: 1011

Re: Gifting of stock in error

It seems crazy to think that someone can just place securities into one's account and you have automatically accepted a gift transfer. I don't think it is possible unless you both authorized the transfer from one account to another. This "link" between accounts is usually done by a form you both si...
by celia
Wed Nov 15, 2017 3:05 am
Forum: Personal Finance (Not Investing)
Topic: question for cpa? state income tax when living / moving back and forth in CA and WA?
Replies: 17
Views: 1192

Re: question for cpa? state income tax when living / moving back and forth in CA and WA?

You'd have to read up what both states say in their tax code. I suspect you are supposed to keep a log of where you spent the night each night and see which state has over half the nights. This is the same question as when people from the NorthEast go to Florida for the winter because they have a se...
by celia
Wed Nov 15, 2017 2:42 am
Forum: Personal Finance (Not Investing)
Topic: Previous employer terminating pension
Replies: 15
Views: 2663

Re: Previous employer terminating pension

You can find ratings for insurance companies at AMBest.com.

After you sign up for a free account (you're not a robot, I hope :P ), you can then search and read about each company's financial strength and the divisions they own.
by celia
Wed Nov 15, 2017 12:27 am
Forum: Personal Consumer Issues
Topic: Creating External Exhaust for Microwave over Range - Need Reality Check
Replies: 26
Views: 2060

Re: Creating External Exhaust for Microwave over Range - Need Reality Check

... I have gotten extremely skilled at waving a towel in front of my smoke detector while my wife and children huddle in the corner and ask whether the house is going to burn down. OMG! It sounds like you have a fire hazard. People are trying to tell you about it, but you are ignoring them. :!: Fir...
by celia
Mon Nov 13, 2017 9:51 pm
Forum: Personal Consumer Issues
Topic: places to live near Stanford University
Replies: 35
Views: 2725

Re: places to live near Stanford University

If you are eligible, consider on-campus faculty housing. I wouldn't mind living there and just ride my bike to work. The units I know about are for families and they are located next to graduate student housing. However, there aren't very many units and thus may be restricted to visiting faculty or ...
by celia
Mon Nov 13, 2017 9:40 pm
Forum: Investing - Help with Personal Investments
Topic: Separate Unlinked Vanguard Account
Replies: 7
Views: 530

Re: Separate Unlinked Vanguard Account

OP, what is your goal?

To have beneficiaries named differently on the accounts? To track money from different sources (eg, an inheritance or gift)? To hide money from your spouse?
by celia
Mon Nov 13, 2017 9:27 pm
Forum: Investing - Help with Personal Investments
Topic: Separate Unlinked Vanguard Account
Replies: 7
Views: 530

Re: Separate Unlinked Vanguard Account

Is there any way to have a separate account at Vanguard that will not be linked to my existing account? I'm looking for separate account number, user id, and password. Each account will have its own account number. And each user will have his/her own user id and password. (After all, you only have ...
by celia
Mon Nov 13, 2017 9:21 pm
Forum: Personal Consumer Issues
Topic: HSA mishandled by State Farm, IRS issue now
Replies: 6
Views: 1070

Re: HSA mishandled by State Farm, IRS issue now

Did you make your contributions using one check or two? Did they go through the bank on the same day? That's part of the paper trail. So is the paperwork you did to open the account. And you each signed and dated a form, I'm assuming. I believe they have to save a copy of it and maybe even give one ...
by celia
Mon Nov 13, 2017 6:13 pm
Forum: Investing - Help with Personal Investments
Topic: What might you ask In-laws' FA?
Replies: 37
Views: 2646

Re: What might you ask In-laws' FA?

I've been asked by my in-laws to go along for a meeting with their FA, a local outfit. Whose idea is it that you come along? For all you know, the advisor suggested that they bring their SIL next time since it sounds like he needs a financial advisor! My basic mission will be to understand exactly ...
by celia
Mon Nov 13, 2017 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: Tell me I'm not a total fool about my choice of a Medigap policy
Replies: 26
Views: 2361

Re: Tell me I'm not a total fool about my choice of a Medigap policy

My wife and I both signed up for Medicare and a Medigap Plan F program this year. A few years ago, I helped my parents transition from their Megacorp retiree supplemental plan when Megacorp decided to discontinue it and just give them an annual credit toward a medigap plan. My parents are both in t...
by celia
Mon Nov 13, 2017 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: Growth of Medicare Advantage enrollment
Replies: 68
Views: 3875

Re: Growth of Medicare Advantage enrollment

WARNING: "You" do know that MA plans are subsidized by in part by Part B and CMS agency. :oops: This will get political because in part Medicare Advantage was and is part of the ObamaCare debate. YMMV (YmedicareMV) disclaimer: We are on MA. Higher benefits and lower cost than Part B+Part D+ "gap" I...
by celia
Mon Nov 13, 2017 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: Long term capital gains tax - effective tax is higher than 15%
Replies: 15
Views: 1095

Re: Long term capital gains tax - effective tax is higher than 15%

Why don't you print out the 1040 front and back from the projected 2017 return and compare it line-by-line to 2016?

The last dollar of last year's return may also have been taxed at a higher rate than you thought.
by celia
Mon Nov 13, 2017 3:59 am
Forum: Personal Finance (Not Investing)
Topic: Growth of Medicare Advantage enrollment
Replies: 68
Views: 3875

Re: Growth of Medicare Advantage enrollment

I hate Medicare Advantage !! I am now in a Medicare Advantage Group PPO for 11 days and today found acceptable Medical G & Part D plans to purchase. I was put into the MA account as a retiree of a Fortune 10 or so company. I understand it saves them money. I also know that the drug plan that came w...
by celia
Mon Nov 13, 2017 3:30 am
Forum: Personal Consumer Issues
Topic: Better way to get rid of old fridge?
Replies: 38
Views: 2470

Re: Better way to get rid of old fridge?

How about your electric company? Mine promotes the energy efficiency of new appliances by offering to take old refrigerators and pay you $75. +1 Edison does something like this too in So. Calif. (It still needs to be working (defined as generating cold air) since it needs to be plugged in when they...
by celia
Mon Nov 13, 2017 2:21 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth question about procedure and timeline sequence
Replies: 5
Views: 551

Re: Backdoor Roth question about procedure and timeline sequence

What you propose is possible and one way to "clear the deck" to do backdoor Roths, but the timeline is cutting it too close and the odds are good that something will go wrong. (At the investment companies, December is a very busy month, at the same time employees want to take time off for the holida...
by celia
Mon Nov 13, 2017 1:35 am
Forum: Personal Finance (Not Investing)
Topic: Tell me I'm not a total fool about my choice of a Medigap policy
Replies: 26
Views: 2361

Re: Tell me I'm not a total fool about my choice of a Medigap policy

Nonetheless my personality is such that i would rather never see a bill of any type or even think about the deductible. I feel the same way. I have better things to do in retirement than spend time finding out why the billing is wrong (again). But then, I meet the Medicare deductible in the first v...
by celia
Sun Nov 12, 2017 2:02 am
Forum: Investing - Theory, News & General
Topic: Retirees: I got this!!
Replies: 82
Views: 9679

Re: Retirees: I got this!!

pacamoky wrote:
Sat Nov 11, 2017 10:44 pm
Out of curiosity for those of you who have "opened the spigot", what do you spend money on now that you didn't before?
taxes for Roth conversions
a little more travel
eating out when we don't feel like cooking (but we often walk to the restaurant for free exercise)
by celia
Sun Nov 12, 2017 1:56 am
Forum: Personal Consumer Issues
Topic: Swedish Death Cleaning [De-clutter your home]
Replies: 63
Views: 6784

Re: Swedish Death Cleaning [De-clutter your home]

I'm sorry to say that this thread is full of heresy , as far as genealogists are concerned . We tend to collect anything related to relatives: photos, keepsakes, and memories. If you erase every clue as to your existence, we may not find you to include as part of the family. We can probably find yo...
by celia
Sat Nov 11, 2017 5:49 pm
Forum: Personal Consumer Issues
Topic: Swedish Death Cleaning [De-clutter your home]
Replies: 63
Views: 6784

Re: Swedish Death Cleaning [De-clutter your home]

Well, I started this weekend and came across things like 35mm cameras with all the accessories, pocket pc (remember the pocket pcs before blackberries?), the 1st sony digital cameras that recorded on CDs, ... For digital item, please check the memory card(s) to see if there are any photos, files, o...