Search found 6261 matches

by celia
Fri Jul 28, 2017 1:53 am
Forum: Personal Finance (Not Investing)
Topic: Authorized User on Credit Card
Replies: 7
Views: 503

Re: Authorized User on Credit Card

I don't think an "authorized user" is what DD wants. I don't think it does anything for the user's credit score, only the score of the account owner or co-owner(s). (I put one of my kids as an authorized user on my account when he went to college and gave him a monthly spending limit but I...
by celia
Fri Jul 28, 2017 1:05 am
Forum: Investing - Help with Personal Investments
Topic: Why are they beating S/P? What am I missing?
Replies: 67
Views: 2942

Re: Why are they beating S/P? What am I missing?

Your SP500 avg didn't look right when I looked at the percentage gain you listed for each year - when I added each of those years and divided by 19, I got approx. 9.3% avg return for the SP500 over those 19 years. It doesn't work that way. For example, if you doubled your money one year (100% growt...
by celia
Thu Jul 27, 2017 9:02 pm
Forum: Investing - Help with Personal Investments
Topic: Inherited stocks
Replies: 5
Views: 193

Re: Inherited stocks

Welcome to Bogleheads. We're glad you joined the forum and are ready to ask questions. But we have no context in which to answer. So could you give us more information? First post & new to investing. Two years ago I inherited about $125k in individual stocks held by TD Ameritrade. Well, in two y...
by celia
Thu Jul 27, 2017 7:51 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Advice
Replies: 6
Views: 648

Re: Retirement Advice

What are your estimated living expenses in retirement?

What known income streams will you have in retirement so we can see what the shortfall, if any, is?

What do you plan to do for family??? health insurance until Medicare kicks in?
by celia
Thu Jul 27, 2017 7:41 pm
Forum: Personal Consumer Issues
Topic: Getting Warm/Hot Water from Cold Line in Condo
Replies: 10
Views: 566

Re: Getting Warm/Hot Water from Cold Line in Condo

I just checked Charlotte weather for the next couple of days and the nights for the next several days will be cooler. Try getting up a little earlier on Saturday to Tuesday to shower and see how it is. We want to know if it's weather related too.
by celia
Thu Jul 27, 2017 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: IRA "registration error" (?) Roth vs Traditional at American Funds
Replies: 19
Views: 786

Re: IRA "registration error" (?) Roth vs Traditional at American Funds

In fact, I still think that the IRS gets a copy of the 5498 even if NO transactions on the IRA (can anyone with knowledge on this point confirm this explicitly, just to satisfy my curiosity)? We are retired and thus can't contribute anymore. But a Form 5498 is issued whenever an IRA receives a roll...
by celia
Thu Jul 27, 2017 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: Post Nuptial agreement guaranteeing alimony?
Replies: 101
Views: 5150

Re: Post Nuptial agreement guaranteeing alimony?

One thing we don't know is if HE has ever passed up opportunities for her sake. If he has, this whole discussion is a mute point to me. It may have been that this most recent offer had something else appealing about it besides the money. So she keeps thinking about that part. Of course, we could com...
by celia
Thu Jul 27, 2017 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: IRA "registration error" (?) Roth vs Traditional at American Funds
Replies: 19
Views: 786

Re: IRA "registration error" (?) Roth vs Traditional at American Funds

Since the account owner was originally a minor, he probably could only contribute $1,000 to $2,000 a year for those 4 years. I doubt the account is now over $15,000. What would the conversion tax be (on top of owner's other income) if the IRS disagreed with it already being a Roth? (I suspect we're ...
by celia
Thu Jul 27, 2017 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: Post Nuptial agreement guaranteeing alimony?
Replies: 101
Views: 5150

Re: Post Nuptial agreement guaranteeing alimony?

Could OP get husband to agree to be put a certain amount of his income in a separate account under her name, which she could then spendorinvest as she wishes? Than you don't get lawyers involved or get into planning for a worst case scenario that becomes selffulfilling. No need to open another acco...
by celia
Wed Jul 26, 2017 8:27 pm
Forum: Personal Finance (Not Investing)
Topic: Post Nuptial agreement guaranteeing alimony?
Replies: 101
Views: 5150

Re: Post Nuptial agreement guaranteeing alimony?

I think putting your career on the back burner risks undermining your entire relationship. Frankly, I would have gone ahead and taken the position. Then the husband can't get ahead in his field? And he should look into a post-nup? After all, he would be giving up something to make it better for her...
by celia
Wed Jul 26, 2017 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: IRA "registration error" (?) Roth vs Traditional at American Funds
Replies: 19
Views: 786

Re: IRA "registration error" (?) Roth vs Traditional at American Funds

But initially there was an account which was titled "CUST IRA". Then as a response to his inquiry there was a 'new' account 'created' (with the same account number) called "CUST ROTH IRA" (with the mom still as the custodian), and then another new account (with a different accou...
by celia
Wed Jul 26, 2017 7:55 pm
Forum: Personal Finance (Not Investing)
Topic: Post Nuptial agreement guaranteeing alimony?
Replies: 101
Views: 5150

Re: Post Nuptial agreement guaranteeing alimony?

I think putting your career on the back burner risks undermining your entire relationship. Frankly, I would have gone ahead and taken the position. Then the husband can't get ahead in his field? And he should look into a post-nup? After all, he would be giving up something to make it better for her...
by celia
Wed Jul 26, 2017 7:33 pm
Forum: Investing - Help with Personal Investments
Topic: How do you reinvest dividends in a mutual fund at E*Trade?
Replies: 5
Views: 388

Re: How do you reinvest dividends in a mutual fund at E*Trade?

I don't currently have mutual funds in my E*Trade account, but I seem to recall that on the line showing your holdings, there is a link to re-invest dividends or not???

In any case, send a message to Customer Support. They usually answer in a day or so.
by celia
Wed Jul 26, 2017 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: IRA "registration error" (?) Roth vs Traditional at American Funds
Replies: 19
Views: 786

Re: IRA "registration error" (?) Roth vs Traditional at American Funds

I would have him research this thoroughly, but not by using that advisor. He should be able to call up American Funds directly and ask for all the account statements that they have for his SSN, even those that are archived offline. If his mother's name is still on the Roth as a custodian, he needs t...
by celia
Wed Jul 26, 2017 5:16 pm
Forum: Investing - Help with Personal Investments
Topic: Moving movey from Roll-Over IRA in to 401K
Replies: 6
Views: 276

Re: Moving movey from Roll-Over IRA in to 401K

Just don't have the check made out to you. It must be made out to the new custodian FBO you. I would request tracking on both mail deliveries. Our neighborhood has lots of mis-delivered mail these days as the mail is being sorted by machine. That way they will have to track where the check is at any...
by celia
Wed Jul 26, 2017 4:59 pm
Forum: Investing - Help with Personal Investments
Topic: Wife retiring- social security and pension decisions
Replies: 22
Views: 1227

Re: Wife retiring- social security and pension decisions

A pension with COLA is a great thing. I wouldn't exchange it for a lump sum. Given the difference in your ages the 100% survivor option is probably the better deal. Thanks, I'm starting to lean in that direction! I consider SS as a pension that has a COLA. The longer she delays in taking it, the la...
by celia
Wed Jul 26, 2017 4:50 pm
Forum: Investing - Help with Personal Investments
Topic: Court wants inherited IRA liquidated and put into court blocked account
Replies: 18
Views: 1789

Re: Court wants inherited IRA liquidated and put into court blocked account

I had previously intended to just take RMDs for both of the children, to keep the money growing tax free for as long as possible. The money from the 401K is not tax-free, but tax-deferred. Is it possible to put it in an Inherited Traditional IRA for each child? RMDs would be required(and be taxed) ...
by celia
Wed Jul 26, 2017 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: Post Nuptial agreement guaranteeing alimony?
Replies: 101
Views: 5150

Re: Post Nuptial agreement guaranteeing alimony?

My husband and I work in the same industry as well; in fact we met at work.... Meg, Your whole post is very well stated. Thanks for sharing. I see a certain amount of justified resentment in this situation. That's another reason for the OP to get the best job she can. Comments like this seem to me ...
by celia
Wed Jul 26, 2017 3:58 pm
Forum: Investing - Help with Personal Investments
Topic: Wife retiring- social security and pension decisions
Replies: 22
Views: 1227

Re: Wife retiring- social security and pension decisions

There's no law that says you have to retire at 62 (or any other age). Considering that healthcare premiums alone could cost $9,600, it seems prudent that she continues working until Medicare kicks in for her at 65. This would also allow her pension and SS to grow. What do you have in retirement savi...
by celia
Wed Jul 26, 2017 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: Post Nuptial agreement guaranteeing alimony?
Replies: 101
Views: 5150

Re: Post Nuptial agreement guaranteeing alimony?

Exactly. I cannot fathom how husband's company: 1) knows where OP is working 2) can demand that OP not work there No one is saying OP can't work or can't work at her current company. You obviously have never worked for a company that has a non-compete or non-disclosure agreement that the employees ...
by celia
Wed Jul 26, 2017 2:10 pm
Forum: Investing - Help with Personal Investments
Topic: Inherited taxable account: how to get from there to here
Replies: 10
Views: 882

Re: Inherited taxable account: how to get from there to here

3. Is there any reason to have all funds in iShares, or all in Vanguard? If you will be holding this at Vanguard, there will be no commissions for buying/selling Vanguard products but there will be for non-Vanguard. In addition, to qualify for flagship status ($1M in Vanguard assets), the assets mu...
by celia
Wed Jul 26, 2017 1:39 pm
Forum: Personal Finance (Not Investing)
Topic: Post Nuptial agreement guaranteeing alimony?
Replies: 101
Views: 5150

Re: Post Nuptial agreement guaranteeing alimony?

My spouse and I work in the same industry and it is impeding my job prospects as we cannot work in competing positions/companies. If it is impeding your job prospects, it seems it would also (eventually?) impede his. Maybe he should therefore ask for concessions from you. Did you both not know you ...
by celia
Wed Jul 26, 2017 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: 401(k) Conversion to Roth IRA while still in a low tax bracket?
Replies: 8
Views: 529

Re: 401(k) Conversion to Roth IRA while still in a low tax bracket?

The same logic applies. But I find there is also a psychological aspect here. Even if the percentage is the same now and in the future, the account value will be different. So even if you had to pay 25% tax now or 25% tax in 40 years, the account value will be much larger in the future. That makes t...
by celia
Wed Jul 26, 2017 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritance Questions
Replies: 22
Views: 2970

Re: Inheritance Questions

Even though this is a nominal amount of money, each of you should rollover their portion of these funds by a direct trustee -> trustee transfer to an Inherited IRA, by 12/31 of the year following the year of death. This will allow you to to take Required Minimum Distributions (RMDs) over your lifet...
by celia
Wed Jul 26, 2017 11:54 am
Forum: Personal Finance (Not Investing)
Topic: Grandson just got married. Wants to add wife's name to accts
Replies: 30
Views: 3278

Re: Grandson just got married. Wants to add wife's name to accts

For taxable accounts, you can use a transfer on death designation. This is not technically a beneficiary but it basically achieves the same thing. Upon the account holders demise, the TOD just needs to supply a death certificate to receive the assets. The risk here, though, is the the beneficiary c...
by celia
Tue Jul 25, 2017 9:19 pm
Forum: Personal Finance (Not Investing)
Topic: Life insurance as a tax diversification strategy
Replies: 37
Views: 1762

Re: Life insurance as a tax diversification strategy

“A cash-value life insurance policy can potentially offer investment growth, a tax-free source of income in retirement and tax benefits while you save. With a cash-value life insurance policy, your earnings grow tax-deferred and without contribution limits based on your income.” I'd like to know ho...
by celia
Tue Jul 25, 2017 8:14 pm
Forum: Personal Finance (Not Investing)
Topic: Grandson just got married. Wants to add wife's name to accts
Replies: 30
Views: 3278

Re: Grandson just got married. Wants to add wife's name to accts

I, also, would not be happy living in a house I did not co-own. I would want to buy another house so I could have a "say" in things I want the house to be like. So even if grandson keeps the house himself, he may end up selling it so he could put it towards a new house they co-own. If that...
by celia
Tue Jul 25, 2017 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: As a business owner, what happens if the 401k company I picked goes bankrupt?
Replies: 10
Views: 1455

Re: As a business owner, what happens if the 401k company I picked goes bankrupt?

Who is paying the AUM fees? The company or the participants? Let's say each person puts in $100 a month. After one year, there are 8 accounts worth $1,200 (9,600 in total) and the AUM is $288. Now if each person puts in $1,000 a month, the AUM fee is 2,880. After 10 years it becomes 28,800. If an em...
by celia
Tue Jul 25, 2017 7:26 pm
Forum: Personal Finance (Not Investing)
Topic: As a business owner, what happens if the 401k company I picked goes bankrupt?
Replies: 10
Views: 1455

Re: As a business owner, what happens if the 401k company I picked goes bankrupt?

Why don't you ask BTC what they think of working with Guideline? Is it possible for BTC to perform the paperwork requirements so you can leave out the middle man?
by celia
Tue Jul 25, 2017 7:02 pm
Forum: Personal Finance (Not Investing)
Topic: Grandson just got married. Wants to add wife's name to accts
Replies: 30
Views: 3278

Re: Grandson just got married. Wants to add wife's name to accts

I just don't see any upside to retitling. How about avoiding probate for the assets where specifying a beneficiary is not standard (such as a house)? How about fairness in discussions/arguments involving the house? "Hey, it's your house so you should call/pay for the plumber." Or "it...
by celia
Tue Jul 25, 2017 4:17 am
Forum: Personal Consumer Issues
Topic: How to organize toddler books
Replies: 13
Views: 773

Re: How to organize toddler books

We use a decorative basket (roughly 14" by 14") on each floor to house some of our books. They each hold maybe 20-30 books. The majority of the books are in the kids' closets in baskets from IKEA. My wife changes the books out a few times a year to mix it up and sub in some books that coi...
by celia
Tue Jul 25, 2017 3:59 am
Forum: Investing - Help with Personal Investments
Topic: Is degiro safe?
Replies: 3
Views: 564

Re: Is degiro safe?

This describes Degiro as a low cost brokerage platform: https://www.brokerage-review.com/england/brokerages/degiro-review.aspx Here are things that someone hates about Degiro: http://www.amsterdamtrader.com/2014/10/9-things-i-hate-about-degiro.html In the states, our trading platforms are protected ...
by celia
Tue Jul 25, 2017 3:04 am
Forum: Investing - Help with Personal Investments
Topic: Help with Inherited IRA Decisions, Early Retirement
Replies: 15
Views: 1060

Re: Help with Inherited IRA Decisions, Early Retirement

As I understand it is Spirit Rider is correct and Vanguard should stick to their habit of not giving tax advice The disagreement on the RMD starting year is likely due to the tax-deferred money being in a 401k, instead of a TIRA when OP's husband died. Since it was rolled over to another account ty...
by celia
Tue Jul 25, 2017 2:40 am
Forum: Personal Consumer Issues
Topic: locking in kids' [life] insurance status
Replies: 7
Views: 53

Re: locking in kids' health insurance status

If a ten year old should die, how would that be a financial loss to anyone, other than the cost of a funeral? Do these kids have modeling careers or are they child actors? If not, they don't need life insurance. I agree that helping with their current needs (summer camp, sports, catching up on acade...
by celia
Tue Jul 25, 2017 2:12 am
Forum: Investing - Help with Personal Investments
Topic: Roth vs Traditional 403(b) Match
Replies: 14
Views: 608

Re: Roth vs Traditional 403(b) Match

I seem to recall that we had a poster a while back whose employer only matched the tax-deferred part, not the Roth. He/she didn't find out about it until after several months of Roth contributions. There was no way to catch up on the match later on since matching contributions were deposited each mo...
by celia
Tue Jul 25, 2017 12:14 am
Forum: Investing - Help with Personal Investments
Topic: Rich kid want to transfer stock to parents, good or bad idea ?
Replies: 25
Views: 3275

Re: Rich kid want to transfer stock to parents, good or bad idea ?

itstoomuch wrote:Keep a joint account with son

No, thank you.
If one of you was to be sued, the whole account could be used to pay the judgement against the other person. Besides, what would be the point of a joint account?
by celia
Mon Jul 24, 2017 7:09 pm
Forum: Investing - Help with Personal Investments
Topic: Rich kid want to transfer stock to parents, good or bad idea ?
Replies: 25
Views: 3275

Re: Rich kid want to transfer stock to parents, good or bad idea ?

If your son got the stock from his company as an employee benefit, I think he needs to sell it first, then give you the money. He would need to pay taxes on any gains. But I would not buy stock with the money I receive. I would want to be more diversified, so I would put it in a mutual fund, so my m...
by celia
Mon Jul 24, 2017 6:44 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Inherited IRA Decisions, Early Retirement
Replies: 15
Views: 1060

Re: Help with Inherited IRA Decisions, Early Retirement

I can confirm what an earlier poster said about your tax filing status. You can only file as a Widow(er) if you have a dependent child, but it looks like you don't have any since you said you had no heirs. That would then leave you filing as Single starting in 2018. So the tax brackets will be about...
by celia
Mon Jul 24, 2017 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: Company Vehicle - What would you do?
Replies: 23
Views: 1124

Re: Company Vehicle - What would you do?

What kind of insurance does the company have on their vehicles? I wouldn't want to be involved in an accident where I could still be sued and didn't have enough coverage.
by celia
Mon Jul 24, 2017 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: How am I doing? (dual physician household)
Replies: 45
Views: 5356

Re: How am I doing? (dual physician household)

I've been thinking about this thread since I first saw it. OP, you are basically "set" on finances. You appear to live a middle class lifestyle ($80K a year) to keep your family grounded, and I applaud you for that. But have you considered how else you might contribute to society? Since yo...
by celia
Mon Jul 24, 2017 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: ROTH IRA Question for parents
Replies: 3
Views: 217

Re: ROTH IRA Question for parents

My mom is still working (makes $55k/yr) and I know their income is below the $196k limit for ROTH funding, so can they both open and fund a ROTH IRA this year and next? It is their Modified Adjusted Gross Income (MAGI) that needs to be under $196K, not their earnings. It looks like Roths would be a...
by celia
Mon Jul 24, 2017 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: MAGI and Medicare
Replies: 29
Views: 1723

Re: MAGI and Medicare

.................. the 3.8 percent NII is calculated elsewhere. So investment growth (LTCG, RMDs, Roth conversions) is taxed more heavily than wages and both show up on line 62. ............... The NIIT is calculated on F8960 https://www.irs.gov/pub/irs-pdf/f8960.pdf I don't see where RMDs/Roth Con...
by celia
Mon Jul 24, 2017 1:24 am
Forum: Personal Finance (Not Investing)
Topic: MAGI and Medicare
Replies: 29
Views: 1723

Re: MAGI and Medicare

I think I get it now. There are two parts to the Obamacare tax: An additional 0.9 percent payroll tax on earnings and a 3.8 percent tax on net investment income (NII) for individuals with incomes exceeding $200,000 and couples with incomes exceeding $250,000. http://www.taxpolicycenter.org/briefing-...
by celia
Mon Jul 24, 2017 12:24 am
Forum: Personal Finance (Not Investing)
Topic: should my 22 yr old son have my power of attorney
Replies: 13
Views: 1465

Re: should my 22 yr old son have my power of attorney

When you were 22, how would you have felt if your parents gave you POA? Most young adults don't even know what it means and don't have enough life experience so that they can put it in context within their own life. Their adult life is just beginning. All they know is that it is THEIR DAD or MOM. Th...
by celia
Mon Jul 24, 2017 12:03 am
Forum: Personal Finance (Not Investing)
Topic: MAGI and Medicare
Replies: 29
Views: 1723

Re: MAGI and Medicare

I am only 63 but my MAGI from last year 2016 will be used for my 2018 Medicare premium, when I eventually join. 2016 I sold some stocks at Age 62 so that bumped up my MAGI. I did not realize a mistake by selling stock at Age 62 I was increasing my future Age 65 Medicare Premiums. I will probably ap...
by celia
Sun Jul 23, 2017 11:57 pm
Forum: Personal Finance (Not Investing)
Topic: MAGI and Medicare
Replies: 29
Views: 1723

Re: MAGI and Medicare

Besides the increased Medicare premium that is paid monthly, high income taxpayers may be subject to an Additional Medicare Tax when they file their Form 1040. It is not part of their Income Tax (resulting from the tax brackets), but is collected with their Income Tax. See Form 1040, line 62, which ...
by celia
Sun Jul 23, 2017 8:15 pm
Forum: Investing - Theory, News & General
Topic: Best way to convert to a brokerage account
Replies: 4
Views: 409

Re: Best way to convert to a brokerage account

If you have done a Roth conversion this year and intentionally kept the funds separate from other Roth(s) you have, be careful that the transfer to the new system doesn't merge all your Roths together. There are some checkboxes to watch for, I believe, if you do it online.
by celia
Sun Jul 23, 2017 8:06 pm
Forum: Personal Finance (Not Investing)
Topic: Special Needs Sibling and Mom's (deceased) House
Replies: 5
Views: 870

Re: Special Needs Sibling and Mom's (deceased) House

I think seeing a lawyer in your sister's state who specializes in Special Needs trusts and benefits would be the best person to consult with. There may also be other issues here that we don't see that the lawyer might identify. I'm sorry things aren't so simple, but it is possible your mom didn't me...
by celia
Sun Jul 23, 2017 7:55 pm
Forum: Personal Finance (Not Investing)
Topic: What's you safety deposit box fee?
Replies: 50
Views: 2851

Re: What's you safety deposit box fee?

Free. From a local private bank we've been with for about 30 years. Our account balances there are probably higher than the typical bank customer has. I got tired of paying for it, so called up the branch manager (who I now know) who waives the fee after looking at our accounts. In-person one-on-one...
by celia
Sun Jul 23, 2017 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: How am I doing? (dual physician household)
Replies: 45
Views: 5356

Re: How am I doing? (dual physician household)

Although I fell out of my chair reading the early responses, I will behave better than my "colleagues" here and offer a suggestion. Since your current assets are: Taxable: 1781 (and adding 30 per year) Tax-deferred: 1866 (and adding 56 +170 per year) Roth: 111 (and adding 10 per year), I t...

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