Search found 5834 matches

by celia
Tue May 30, 2017 1:08 am
Forum: Investing - Help with Personal Investments
Topic: How to buy brk.a? [Berkshire Hathaway Inc. Class A]
Replies: 15
Views: 1405

Re: How to buy brk.a? [Berkshire Hathaway Inc. Class A]

I may be wrong, but I seem to recall somewhere (maybe at an annual meeting???) that when class B shares started, it was decided that Class A can always be converted to Class B but not the other way around. (See https://en.m.wikipedia.org/wiki/Berkshire_Hathaway ) I have the impression that Class A s...
by celia
Mon May 29, 2017 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: Details on how to complete a Recharacterization
Replies: 7
Views: 509

Re: Details on how to complete a Recharacterization

She should have contributed to a new (regular) Traditional IRA instead. Now, this account is "contaminated" I'm not sure she will ever go back to work for someone else again and have an employer plan to roll into. Luckily, I hold no Traditional IRAs so I assumed we could make any Backdoor...
by celia
Mon May 29, 2017 4:21 am
Forum: Personal Finance (Not Investing)
Topic: Details on how to complete a Recharacterization
Replies: 7
Views: 509

Re: Details on how to complete a Recharacterization

You have the right idea! Let's just refine it a bit. Got married last year, filed joint taxes for the first time for the 2016 tax season. I maxed my Roth IRA contribution in early 2016, my single income at the time did not make me eligible for a Traditional IRA. My wife had not yet contributed. Whil...
by celia
Mon May 29, 2017 2:03 am
Forum: Personal Consumer Issues
Topic: House Shopping: Some Doors Open/Close Poorly, Foundation Problem?
Replies: 18
Views: 1158

Re: House Shopping: Some Doors Open/Close Poorly, Foundation Problem?

Are the doors hung correctly? Is the spacing between the closed door and the jamb even all around? Or does it bind in (touch) the jamb even with the door closed? Take a large carpenter's square to the house and see if the doors and jamb are square. It could be that the owner replaced doors himself t...
by celia
Sun May 28, 2017 11:28 pm
Forum: Personal Finance (Not Investing)
Topic: Play Money for Spouse....
Replies: 82
Views: 3758

Re: Play Money for Spouse....

With your presumed finances why not simply say to her she should spend everything she makes on herself? or does she already do this and she is wanting money above this amount? DW is reasonably frugal, and wants to contribute to the family situation. She would not want to spend the entire income. Sh...
by celia
Sun May 28, 2017 11:47 am
Forum: Personal Consumer Issues
Topic: i just changed all my passwords
Replies: 30
Views: 3110

Re: i just changed all my passwords

How confident are you in Dashlane security? Could a vulnerbility in dashnale compromise all your passwords at once? That's always a possibility with any password manager. You should still use one. Password managers don't have to be perfect, they just have to be better than not having one . Troy Hun...
by celia
Sun May 28, 2017 4:16 am
Forum: Investing - Help with Personal Investments
Topic: Managing My Elderly Moms Portfolio
Replies: 13
Views: 1765

Re: Managing My Elderly Moms Portfolio

The other option is to decrease her living expenses. Does she really NEED to live in a place that costs $80K + her SS benefit? I'd be concerned about planning on your brothers and you in helping her. She could live another 20 years while one or more of you could die or need Long Term Care yourself. ...
by celia
Sun May 28, 2017 3:28 am
Forum: Personal Finance (Not Investing)
Topic: Renting a condo but owner didn't pay property taxes
Replies: 10
Views: 2372

Re: Renting a condo but owner didn't pay property taxes

This is a little off-topic, but related. If you know the owner's name, why don't you google: obituary <name> Maryland If the name is common, add recent years to the search, such as "2017", "2016", etc, going back until the year you moved in. If you find a good match, that will ma...
by celia
Sat May 27, 2017 7:58 pm
Forum: Investing - Help with Personal Investments
Topic: Unwinding a maturing UTMA to pay least taxes
Replies: 18
Views: 961

Re: Unwinding a maturing UTMA to pay least taxes

Ask your son for help. :D First, Are the dividends being re-invested? Turn that off so that in a year all gains will be Long Term Second, How much are the gains if everything was sold today? If it is 5 times $2100, then roughly 1/5 of it (shares bought across all years) could be withdrawn. But if yo...
by celia
Sat May 27, 2017 4:23 pm
Forum: Investing - Help with Personal Investments
Topic: Need help before receiving inheritance
Replies: 15
Views: 2042

Re: Need help before receiving inheritance

aristotelian wrote:MIL can gift the daughters over $14M tax free, she just needs to fill out a form and report the gifts to the IRS. The total of all gifts has to be under $5.45M.

...and they count against (decrease) the lifetime estate tax exclusion that is in effect when she dies.
by celia
Sat May 27, 2017 3:49 pm
Forum: Investing - Help with Personal Investments
Topic: Asking for help/ideas for my Father's retirement fund
Replies: 33
Views: 1009

Re: Asking for help/ideas for my Father's retirement fund

They will add $12 if he puts in $48. If he puts in more then 48 (which he is doing, he's putting in $200 a week) they still only put the $12 in. He makes around 1200 a week. This is not good I know, but all they offer. Putting it in the correct percentages: If he contributes 4%, they contribute 1%....
by celia
Sat May 27, 2017 3:35 pm
Forum: Investing - Help with Personal Investments
Topic: Asking for help/ideas for my Father's retirement fund
Replies: 33
Views: 1009

Re: Asking for help/ideas for my Father's retirement fund

They match 1% of 4% of his salary. So if he makes 1200 a week, 4% would be $48, they put in $12. That's the max, even though he is putting in $200 a week, they only match the 1% of 4% of his salary. So even though he puts in $200 a week, they still only match the $12. Are you certain about this? I ...
by celia
Sat May 27, 2017 3:29 pm
Forum: Investing - Help with Personal Investments
Topic: Asking for help/ideas for my Father's retirement fund
Replies: 33
Views: 1009

Re: Asking for help/ideas for my Father's retirement fund

The problem with being "too conservative" is that he will not be keeping up with inflation. Things will cost more in 10, 20, 30 years, but he will only be able to pay the 2017 price (even if he has enough for that). In fact, the past dollars he has saved may not even buy the same things th...
by celia
Sat May 27, 2017 2:19 pm
Forum: Investing - Theory, News & General
Topic: The dot com "do over" bull market?
Replies: 82
Views: 7282

Re: The dot com "do over" bull market?

...throwing my 2 "bubble" possibilities into the fray.... 1. Monopolies Caused by Indexing and Vanguard Growing Too Large. The posts on these topics seem to be increasing as more people become informed. I looked up how Vanguard fits in with the rest of the investment world. They are known ...
by celia
Sat May 27, 2017 5:01 am
Forum: Investing - Help with Personal Investments
Topic: Can I really pay no capital gains on $100k?
Replies: 27
Views: 4764

Re: Can I really pay no capital gains on $100k?

I thought I should either do an NUA or Roth conversion this year. I thought the NUA because I wanted to move the 401K to Fidelity and you only have the chance to do it once, when you make that move. Is it more advantageous to do the Roth? I don't have experience with NUA, but the best answer for yo...
by celia
Sat May 27, 2017 3:23 am
Forum: Investing - Help with Personal Investments
Topic: Need help before receiving inheritance
Replies: 15
Views: 2042

Re: Need help before receiving inheritance

My MIL is in advance stages of dementia and may have only 5 more years to live. We are trying to make changes in the estate so as to maximize any tax liability. Her spouse died 15 years back before the portability laws were in place and I dont think she has AB trust. Hence she qualifies only for ro...
by celia
Fri May 26, 2017 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: Havings twins
Replies: 24
Views: 2134

Re: Havings twins

Between now and delivery, I suggest you take care of yourselves first. (There won't be as much time for that later.) Get enough/extra sleep, eat healthily, go for walks, and wait patiently when she has to use the bathroom more frequently. Share your news and say "yes" to things people want...
by celia
Fri May 26, 2017 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: When to start talking to older parents regarding their finances (and how to do it?)
Replies: 37
Views: 3488

Re: When to start talking to older parents regarding their finances (and how to do it?)

I recommend you start by talking about yourself/your family's finances while asking for an opinion from them. For example, "We are thinking of maxing out our employer retirement plans but are worried that that will leaving us less money for current spending. Do you have any ideas that will help...
by celia
Fri May 26, 2017 11:24 am
Forum: Personal Finance (Not Investing)
Topic: New car doc fees
Replies: 42
Views: 2523

Re: New car doc fees

Please educate me. I am in the process of buying a new car. Price is cut and dry with an employee discount through son. Dealership sales person said the doc fee was $210 in MI. If the dealership said, "Here's the price according to the employee discount and we need to add $210 as the dealer pa...
by celia
Fri May 26, 2017 2:31 am
Forum: Investing - Help with Personal Investments
Topic: How to calculate the top of the 15% bracket?
Replies: 23
Views: 2204

Re: How to calculate the top of the 15% bracket?

The point being that many folks who have most of their retirement funds in tax-deferred accounts, might have to withdraw additional money from their 401K/IRA to pay the taxes on their conversion, which generate *more* taxable income (and tax). If you have other funds available to pay the tax, then ...
by celia
Fri May 26, 2017 2:13 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth IRA but want to keep SEP-IRA
Replies: 16
Views: 971

Re: Backdoor Roth IRA but want to keep SEP-IRA

1a) Make backdoor Roth conversions every other year. Contribute for the previous year in January-April 15. Contribute for the current year any time in the current year. Convert both in the current year. That way you only have to have empty tIRAs on Dec 31 of every other year. 5) Pay the pro rata tax...
by celia
Fri May 26, 2017 1:01 am
Forum: Personal Finance (Not Investing)
Topic: Risky to ask for raise with another offer?
Replies: 28
Views: 2166

Re: Risky to ask for raise with another offer?

I've been told by HR that "I am at the top of range for my position" when coming here a year and half ago. If you feel like you've mastered your current job and it is becoming "too easy", maybe it is time to think about moving up to a higher position in your current company. Doe...
by celia
Fri May 26, 2017 12:56 am
Forum: Investing - Help with Personal Investments
Topic: Help My Dad Retire
Replies: 21
Views: 2042

Re: Help My Dad Retire

I agree, my bad, I'll correct the original post. Like I said I'm don't pretend to understand social security :-) I don't understand social security either :shock: or SSI - everything I know I learned from celia :happy Oh my, Everything I learned was from other bogleheads. :sharebeer Hang around and...
by celia
Fri May 26, 2017 12:44 am
Forum: Investing - Help with Personal Investments
Topic: Can I really pay no capital gains on $100k?
Replies: 27
Views: 4764

Re: Can I really pay no capital gains on $100k?

This is my first year of retirement and thus likely my lowest income year so I wanted to take advantage of NUA and anything else that made sense. First year of retirement, you say? This may be the best time to start Roth conversions if you have significant savings in tax-deferred accounts and are n...
by celia
Thu May 25, 2017 7:29 pm
Forum: Investing - Help with Personal Investments
Topic: Help My Dad Retire
Replies: 21
Views: 2042

Re: Help My Dad Retire

I didn't do any calcs, but by just reading your first post, I don't see how they are in the 25% (fed) +6%(OH) tax brackets. You need to start with a firm number on these. The easiest way to do it is to look at their last tax return. If they had $100 more in wages, how much more would their taxes be?...
by celia
Thu May 25, 2017 7:06 pm
Forum: Investing - Theory, News & General
Topic: Why do Hardship Withdrawals Increase in the Summer?
Replies: 13
Views: 1633

Re: Why do Hardship Withdrawals Increase in the Summer?

Teachers don't paid in the summer. A lot of people are teachers (or have school-related jobs).
by celia
Thu May 25, 2017 3:28 pm
Forum: Personal Consumer Issues
Topic: AirBNB payment policy
Replies: 14
Views: 1287

Re: AirBNB payment policy

If you want that particular unit and you are fine with the cancellation policy, then book it. Else the next person (possibly next week) could want it and be fine with the cancellation policy. For high-demand events, like the Boston Marathon, where thousands of extra people will be coming into town, ...
by celia
Thu May 25, 2017 2:34 pm
Forum: Investing - Help with Personal Investments
Topic: Avoiding Taxes with RMD
Replies: 58
Views: 5676

Re: Avoiding Taxes with RMD

By "owed no taxes" do you mean you paid zero income tax in 2016? Right, no tax owed. I lived on already taxed money and a small pension. I had maybe 3 years where I might have done some Roth conversions, but the effect is very minimal if you are just trying to reach the border of the next...
by celia
Thu May 25, 2017 11:17 am
Forum: Investing - Help with Personal Investments
Topic: 4 Years to Retirement. Want to get out of Fidelity PAS. Need Advice
Replies: 45
Views: 2273

Re: 4 Years to Retirement. Want to get out of Fidelity PAS. Need Advice

Why are you worrying about a 4% return? Don't you know you can get a guaranteed 8% return on your SS for each year you delay it (up to age 70)? During those years you can withdraw from an IRA/401K/taxable account instead. You should also consider maxing out your SS for your wife who will likely surv...
by celia
Wed May 24, 2017 7:04 pm
Forum: Personal Consumer Issues
Topic: Advice on kid's precalc learning
Replies: 47
Views: 2526

Re: Advice on kid's precalc learning

What were his Geometry and algebra 2 grades? Good question. Calculus ties algebra and geometry together, so you have the "big picture". In regards to the CEO who didn't think he used calculus, it none the less may have helped him hire the correct people for key jobs if technical abilities...
by celia
Wed May 24, 2017 6:46 pm
Forum: Investing - Help with Personal Investments
Topic: Do you keep extra money available for investing
Replies: 37
Views: 3180

Re: Do you keep extra money available for investing?

Yes.
dbr wrote:To repeat, however, the essence is the BH way is to have a plan and stick to it.

I agree. :D
by celia
Wed May 24, 2017 5:12 pm
Forum: Investing - Help with Personal Investments
Topic: How to Invest Church Money
Replies: 54
Views: 3746

Re: How to Invest Church Money

If I learned my church was investing in mutual funds and not the local community and worthy deeds, my contributions would stop. I would believe the church has too much money. I would rather give the money to the foodbank or hospice. Why keep a reserve if you don't have a building? Because if you do...
by celia
Wed May 24, 2017 3:01 pm
Forum: Personal Consumer Issues
Topic: Advice on kid's precalc learning
Replies: 47
Views: 2526

Re: Advice on kid's precalc learning

I'm curious how many people actually are using calculus in the real world, and if so what is your job? I, obviously, had to have a ton of calculus to be a math major which is usually a requirement to be a math teacher. Unfortunately new math teachers are often given the remedial and Algebra I class...
by celia
Wed May 24, 2017 2:16 pm
Forum: Personal Consumer Issues
Topic: Advice on kid's precalc learning
Replies: 47
Views: 2526

Re: Advice on kid's precalc learning

Math is a subject that is "cumulative". If you ignore/don't learn some concepts, you won't be able to understand following concepts that build on the concept(s) you ignored/didn't learn. Of course, homework has to be done each and every day to reinforce the concepts as they grow harder. Th...
by celia
Tue May 23, 2017 8:05 pm
Forum: Personal Finance (Not Investing)
Topic: Medigap Insurance Plans
Replies: 43
Views: 2807

Re: Medigap Insurance Plans

The fear is that without new enrollees, F plans will get increasingly expensive since the population will get older and need more, expensive medical care. I'm in F now and believe that states or the federal government will do something to fix this in due course . But there's no guarantees of that. ...
by celia
Tue May 23, 2017 12:19 pm
Forum: Investing - Help with Personal Investments
Topic: 21 yr old sons Roth IRA
Replies: 23
Views: 1400

Re: 21 yr old sons Roth IRA

Either the Target Date Fund can be used or a 100% stock fund as Tomato suggested. I think that the most valuable lesson is to teach our kids to invest in tax deferred accounts, regardless of AA, as Celia implies. Some form of "matching" makes it painless for the student. No, I did not imp...
by celia
Tue May 23, 2017 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: [Wiki] - Pro-rata rule impact on Roth IRA recharacterization
Replies: 30
Views: 1688

Re: [Wiki] - Pro-rata rule impact on Roth IRA recharacterization

The way I have seen my accounts over the last 40 years at Vanguard, was that each individual holding was identified by a 4-digit fund number, a dash, then an 11-digit account number. So you can have multiple funds in an account and the same fund in multiple accounts. Putting some of what I previous...
by celia
Tue May 23, 2017 10:46 am
Forum: Investing - Help with Personal Investments
Topic: 21 yr old sons Roth IRA
Replies: 23
Views: 1400

Re: 21 yr old sons Roth IRA

Either the Target Date Fund can be used or a 100% stock fund as Tomato suggested. The advantage of the Target fund is that the account owner never has to re-balance and when he tells his friends about it, they will likely do similar. The advantage of the aggressive all-stock fund is that there shoul...
by celia
Tue May 23, 2017 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Trustee who is also beneficiary of the trust and the trustee fees
Replies: 6
Views: 668

Re: Trustee who is also beneficiary of the trust and the trustee fees

It will be easier to think about this if you think of the worker trustee as not a beneficiary. Suppose the worker trustee was Cousin. How much would you pay Cousin? Cousin would get the fee based on the total amount of the estate, even if she is paid near the end. Then the remainder of the estate is...
by celia
Mon May 22, 2017 9:12 pm
Forum: Personal Finance (Not Investing)
Topic: [Wiki] - Pro-rata rule impact on Roth IRA recharacterization
Replies: 30
Views: 1688

Re: [Wiki] - Pro-rata rule impact on Roth IRA recharacterization

I revised the last part of the section to point back to this thread: Roth IRA conversion , along with some formatting cleanup. In that manner, readers can see the underlying details of what's going on. LadyGeek, I think the new link back to here is unnecessary and will be confusing. You don't learn...
by celia
Mon May 22, 2017 7:15 pm
Forum: Investing - Help with Personal Investments
Topic: Question about buying bonds in Roth IRA
Replies: 7
Views: 416

Re: Question about buying bonds in Roth IRA

When you are just starting out, the AMOUNT you save is more important than WHAT you invest it in. That is because you have more time left for it to grow until you need to spend it in retirement. As time goes on and you have $20,000 invested or more, then you can start diversifying. But the small amo...
by celia
Mon May 22, 2017 4:55 pm
Forum: Investing - Help with Personal Investments
Topic: How to Invest Church Money
Replies: 54
Views: 3746

Re: How to Invest Church Money

Whatever you do, avoid the sharks out there who will trying to sell you annuities, non-traded REITS, life insurance, actively managed mutual funds or asset management for an ongoing fee. These are mostly irrelevant since the account is owned by an organization, not an individual. I have been the tr...
by celia
Mon May 22, 2017 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: [Wiki] - Pro-rata rule impact on Roth IRA recharacterization
Replies: 30
Views: 1688

Re: [Wiki] - Pro-rata rule impact on Roth IRA recharacterization

I don't know if Vanguard Mutual Funds accounts have a unique account number (yes) or even if it was possible to have multiple Vanguard Mutual Funds accounts (yes) with the same registration (yes) . If I remember correctly, at times not all of the funds in a Vanguard Mutual Funds account that I had ...
by celia
Mon May 22, 2017 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: [Wiki] - Pro-rata rule impact on Roth IRA recharacterization
Replies: 30
Views: 1688

Re: [Wiki] - Pro-rata rule impact on Roth IRA recharacterization

Celia, when Vanguard "upgrades" to the brokerage platform they ordinarily put all of your TIRA mutual funds in the same account under one account number. For Roth IRAs they ordinarily put all of your mutual funds in the same account under one (different) account number. Therefore, your Ro...
by celia
Mon May 22, 2017 7:45 am
Forum: Personal Finance (Not Investing)
Topic: [Wiki] - Pro-rata rule impact on Roth IRA recharacterization
Replies: 30
Views: 1688

Re: [Wiki] - Pro-rata rule impact on Roth IRA recharacterization

Perhaps we could phrase something like: If you are contemplating a recharacterization strategy involving multiple Roth and/or traditional IRAs, Vanguard's brokerage service platform may be unable to execute this strategy in a tax-efficient manner. See (this post). This has nothing to do with tax-ef...
by celia
Mon May 22, 2017 6:46 am
Forum: Personal Finance (Not Investing)
Topic: [Wiki] - Pro-rata rule impact on Roth IRA recharacterization
Replies: 30
Views: 1688

Re: [Wiki] - Pro-rata rule impact on Roth IRA recharacterization

Re: Potential “Horse Race” Conversion OP, hushpuppy, here reporting transactions on the “upgraded” platform of brokerage accounts. For what it is worth I went online today and one at a time partially converted four different mutual funds from my “main” TIRA (Only one unique account number) to the f...
by celia
Mon May 22, 2017 4:19 am
Forum: Investing - Help with Personal Investments
Topic: My dad is taking Social Security at 62, why would anyone not? (If they already quit working)
Replies: 108
Views: 12859

Re: My dad is taking Social Security at 62, why would anyone not? (If they already quit working)

But actuarial tables apply to a group of people--the general population, in this case, not to individuals. For example, women live longer than men overall, but the calculations are the same for them. That seems terribly unfair to men. ... and to those who expect to have a shorter life expectancy (o...
by celia
Mon May 22, 2017 4:02 am
Forum: Personal Finance (Not Investing)
Topic: Re-characterization of Roth contribution "opportunity" issue
Replies: 21
Views: 1408

Re: Re-characterization of Roth contribution "opportunity" issue

Mystified, because you have not yet re-characterized, I am wondering if you could transfer the Roth assets you do not want to re-characterize to a different custodian and then re-characterize just the portion of the money market fund that you desire . (Effectively isolating Roth assets, before re-c...
by celia
Sun May 21, 2017 2:53 am
Forum: Personal Consumer Issues
Topic: Paris private tours
Replies: 12
Views: 1019

Re: Paris private tours

We took a tour by 2CV (old French-made car kinda like a VW bug) and it was the highlight of our trip. You get a real feel for the neighborhoods of Paris, and the car can get down small alleyways, etc., that other cars can't. We had the champagne option as well, so that capped off the experience. Wa...
by celia
Sun May 21, 2017 2:20 am
Forum: Personal Consumer Issues
Topic: blackout curtains
Replies: 15
Views: 1704

Re: blackout curtains

We have one bedroom with a "Studio" line/style curtain from Penney's "jcp home" collection. It works great. The other window in that room faces north and doesn't have a black-out curtain, but it doesn't get much light due to trees. One thing you might need to take into account is...

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