Search found 126 matches

by diy60
Mon May 14, 2018 7:27 pm
Forum: Investing - Theory, News & General
Topic: 2018 401k limit is $55K - do you max it out? Why/why not?
Replies: 110
Views: 9928

Re: 2018 401k limit is $55K - do you max it out? Why/why not?

For 2018 there is an $18.5K employee elective contribution limit. That is a combined limit of both traditional deferrals and designated Roth contributions. For 2018 there is a $55K annual addition limit of employee + employer contributions. The only way to increase contributions beyond employee ele...
by diy60
Sat Apr 07, 2018 10:57 pm
Forum: Investing - Theory, News & General
Topic: What is your AA, given your age? and, Why?
Replies: 163
Views: 12110

Re: What is your AA, given your age? and, Why?

early 60s, retired
target 60/40, with a 5% band (currently bumping the upper end)
plan to keep the target AA indefinitely
by diy60
Sun Apr 01, 2018 4:49 pm
Forum: Investing - Help with Personal Investments
Topic: In-Kind transfer to Fidelity
Replies: 12
Views: 1213

Re: In-Kind transfer to Fidelity

Also, isn't it your responsibility to proactively know what kind of fees USB charges to leave them? Yes, but I won't praise Fidelity's customer service when they encouraged me to perform the asset transfer, ensured me there would be no fees, did not warn me about the possibility of fees from UBS, w...
by diy60
Wed Mar 28, 2018 12:07 pm
Forum: Investing - Help with Personal Investments
Topic: Any reason not to roll Roth 401k funds from old employers over to Roth IRA?
Replies: 18
Views: 1143

Re: Any reason not to roll Roth 401k funds from old employers over to Roth IRA?

I was solely referring to creditor protection under state law, not federal bankruptcy protections. Bankruptcy is a last resort, but the need to protect retirement assets outside of bankruptcy is far more likely. Thinking about this a little more, yes the need for protection outside of bankruptcy is...
by diy60
Wed Mar 28, 2018 11:41 am
Forum: Investing - Help with Personal Investments
Topic: Any reason not to roll Roth 401k funds from old employers over to Roth IRA?
Replies: 18
Views: 1143

Re: Any reason not to roll Roth 401k funds from old employers over to Roth IRA?

To add a little detail to the asset protection issue. While only about 10% of states (notably CA) limit the asset protection for IRAs against creditors. More like 20% of states offer little to no protection for Roth IRAs. Note: Rolling over Roth designated accounts from qualified plans to a Roth IR...
by diy60
Wed Mar 21, 2018 10:11 pm
Forum: Personal Consumer Issues
Topic: How can I get a passport?
Replies: 64
Views: 5743

Re: How can I get a passport?

After seeing your original post I searched and found this link: https://iafdb.travel.state.gov/ I was surprised to see my city's municipal office listed as accepting passport applications on behalf of the State Dept. Give it a try, maybe you'll find a location other than the post office or library. ...
by diy60
Tue Mar 13, 2018 3:49 pm
Forum: Investing - Help with Personal Investments
Topic: Freezing credit reports and opening CDs
Replies: 22
Views: 1897

Re: Freezing credit reports and opening CDs

I just found out that, at least with some credit unions and banks, they can access your credit report even though it's frozen. I applied to Sharonview for its 4% CD, and must have given permission for them to access my report on the application. I just don't understand why I didn't need to unfreeze...
by diy60
Mon Feb 26, 2018 4:57 pm
Forum: Investing - Theory, News & General
Topic: 401k/tIRA/Roth conversions
Replies: 4
Views: 358

Re: 401k/tIRA/Roth conversions

The MegaCorp I retired from will transfer-in-kind any company stock and associated spin off stock, but only if I take a 100% distribution. Partial distributions involve proportional liquidation across all assets.
by diy60
Mon Feb 26, 2018 1:42 pm
Forum: Investing - Help with Personal Investments
Topic: Please help me save my parents' retirement
Replies: 33
Views: 4146

Re: Please help me save my parents' retirement

OP, - Avoid a full cost FA if at all possible. - Doing a little sleuthing, it looks like your dad's defined benefit plan may have a single life annuity, single life with 10 yr certain, life with 75% survivor, and life with 50% survivor. If this is true, I'd opt for the 75%. Your dad will likely pass...
by diy60
Mon Feb 26, 2018 12:38 pm
Forum: Investing - Theory, News & General
Topic: Blasphemy... DO PEEK!
Replies: 100
Views: 9593

Re: Blasphemy... DO PEEK!

For those who check their portfolio frequently, WHY?? What are you going to do about what you observed? Paul Depends what you consider frequently. I'm retired, so for me, monthly at a minimum, but usually weekly, mainly to be aware of any potential fraud. I'm no expert, but there may be some legal ...
by diy60
Tue Feb 20, 2018 6:59 pm
Forum: Investing - Help with Personal Investments
Topic: How do I unwind this Wealthfront mess?
Replies: 73
Views: 8799

Re: How do I unwind this Wealthfront mess?

Similar to some of the above suggestions, I would keep the ETFs and FB, sell the rest. This would result in about $13K of gains. This would eliminate about 100+ holdings. Consider it a small price to pay for simplicity. Good luck.
by diy60
Wed Feb 14, 2018 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: First time 1099-R, look okay?
Replies: 4
Views: 475

Re: First time 1099-R, look okay?

lstone19 wrote:
Wed Feb 14, 2018 12:52 pm
So long as the information on your return is correct, you don't need separate 1099-Rs because that's a level of detail that's not needed.
Okay, good to know, that's what I thought. Thanks.
by diy60
Wed Feb 14, 2018 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: First time 1099-R, look okay?
Replies: 4
Views: 475

Re: First time 1099-R, look okay?

Now the test - is this how you divided up the 1099R? Doing 3 separate ones should also have worked. No I did not. I divided into 2 separate 1099R forms; one for the after tax sub account distribution $70K(Roth IRA)/$30K (TIRA), and the 2nd 1099R for the $5K IRR. That breakout resulted in the correc...
by diy60
Tue Feb 13, 2018 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: First time 1099-R, look okay?
Replies: 4
Views: 475

First time 1099-R, look okay?

Recently retired and received my first ever 1099-R. Can someone please look at this info and suggest if it is correct? I can't get H&R Block software to handle this combined 1099-R correctly (or I don't know how to tweak the software input), but if I fake the input as 2 separate 1099-Rs then it appe...
by diy60
Wed Jan 24, 2018 11:29 am
Forum: Personal Consumer Issues
Topic: Still using a 5 year old iphone 5. Who's with me? No new phones!!!
Replies: 151
Views: 9185

Re: Still using a 5 year old iphone 5. Who's with me? No new phones!!!

I just replaced the battery in my dying 5s DIY. Now it runs like a new one without a bulky battery case. cost for the battery: $20. Where did you buy the battery? what equipment did you use to perform the swap. I am in precisely this situation with my 5s. Several of my family members revived 5s's f...
by diy60
Tue Jan 23, 2018 11:51 am
Forum: Investing - Theory, News & General
Topic: Vanguard chief says "You will never see a bitcoin fund from us"
Replies: 33
Views: 2946

Re: Vanguard chief says "You will never see a bitcoin fund from us"

There is no sugar coating. Gold Silver other assets like these are not held by vanguard Vanguard offers a precious metals and mining fund, VGPMX. Right. But the fund doesn't hold gold and silver, rather the companies which deal with mining them. This would be akin to saying VG wouldn't offer a bitc...
by diy60
Thu Jan 11, 2018 1:30 pm
Forum: Investing - Help with Personal Investments
Topic: 401K Roth direct rollover to Roth IRA 5-year rule
Replies: 2
Views: 290

Re: 401K Roth direct rollover to Roth IRA 5-year rule

Thanks Alan, that makes things really simple in my case. Spinning a different scenario, what if the rollover into the Roth IRA was a first time ever Roth IRA (e.g. no previous Roth IRA nor related contributions). What about the 5 year rule in that case? Does the Roth IRA take on a brand new starting...
by diy60
Wed Jan 10, 2018 7:47 pm
Forum: Investing - Help with Personal Investments
Topic: 401K Roth direct rollover to Roth IRA 5-year rule
Replies: 2
Views: 290

401K Roth direct rollover to Roth IRA 5-year rule

I'm over 59.5 and first contributed to Roth IRA around yr 2000. I know my Roth IRAs are fully qualified. I just recently did a direct rollover (via check to custodian FBO me) of my 401K Roth to my Roth IRA. However, my 401K Roth was only about one year old. The 401K plan statement I rec'd states rou...
by diy60
Wed Jan 10, 2018 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: Letter from Social Security re Fraudulent Claim
Replies: 55
Views: 5774

Re: Letter from Social Security re Fraudulent Claim

As others above have stated, this from the Office of the Inspector General, Social Security Administration website . . . If a person has questions about any communication—email, letter, text or phone call—that claims to be from SSA or the OIG, please contact your local Social Security office, or ca...
by diy60
Wed Jan 10, 2018 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: Letter from Social Security re Fraudulent Claim
Replies: 55
Views: 5774

Re: Letter from Social Security re Fraudulent Claim

As others above have stated, this from the Office of the Inspector General, Social Security Administration website . . . If a person has questions about any communication—email, letter, text or phone call—that claims to be from SSA or the OIG, please contact your local Social Security office, or cal...
by diy60
Wed Jan 03, 2018 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: Multiple Roth Accounts - no longer needed?
Replies: 7
Views: 878

Re: Multiple Roth Accounts - no longer needed?

OP here. Under current law, my current and future Roth conversions are not impacted by the penalty nor the taxation 5-year rules, so the only reason I could think of keeping a separate Roth is if the Roth had any 401K rollover money (creditor protection?). Other than that, I couldn't think of any ot...
by diy60
Wed Jan 03, 2018 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: Multiple Roth Accounts - no longer needed?
Replies: 7
Views: 878

Multiple Roth Accounts - no longer needed?

I'm over 59.5 and first contributed to my Roth around year 2000 or so. A few months ago I set up multiple Roth accounts to prepare for Roth conversions and potential horse race/leap frog. I made my first conversion yesterday into one of these new accounts, but I no longer see any point in the multip...
by diy60
Sun Dec 31, 2017 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: Does donation count for 2017 if donated fund shares do not settle until 2018?
Replies: 35
Views: 1768

Re: Does donation count for 2017 if donated fund shares do not settle until 2018?

Fidelity says you have until 11:59pm tonight to hit the submit button. I was in a similar boat. I transferred over shares from another brokerage into my Fidelity brokerage account, shares did not show up until Friday. However, Fidelity Charitable system is always one day behind your Fidelity brokera...
by diy60
Fri Dec 29, 2017 7:16 pm
Forum: Investing - Help with Personal Investments
Topic: Severance Pay and 401k contributions
Replies: 15
Views: 1675

Re: Severance Pay and 401k contributions

Before I retired I upped my % for a few months leading up to my retirement to max out my 401K, so your approach is sound. Don't forget about catch up contributions as well, this was a separate line item deduction at my MegaCorp employer. Catch up wasn't an actual % but rather a $ amount per pay peri...
by diy60
Mon Dec 25, 2017 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: EU Passport For Cheap College and Other Benefits
Replies: 52
Views: 3807

Re: EU Passport For Cheap College and Other Benefits

This sounds far fetched to me, but someone told me that if I can prove Lithuanian birth of my grandfather (I can) about 1900, I can claim dual citizenship and obtain an EU Passport. And that my kids and grandkids could go to college and grad school in Europe on the cheap. First of all, can I really...
by diy60
Mon Dec 25, 2017 4:35 pm
Forum: Investing - Theory, News & General
Topic: NavyFed IRA CDs: 32-months 2.75% APY
Replies: 24
Views: 2490

Re: NavyFed IRA CDs: 32-months 2.75% API

239 people clicked on this message but nobody has responded. Is the silence a sign of agreement? Or 2.75% for 32 months is not good enough? Victoria I checked on this in the past since my dad fought in WWII in the Navy. Was told he had to either retire from the Navy or been killed in action. I do a...
by diy60
Sat Dec 23, 2017 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: Question re prepaying Property Taxes
Replies: 8
Views: 1265

Re: Question re prepaying Property Taxes

My spousal unit and I both retired this year and this will likely be our last year where it makes sense for us to itemize our deductions. Therefore I would like to prepay my first half 2018 property taxes prior to year-end. If I write and date the check in 2017 but the county does not cash it until...
by diy60
Sat Dec 23, 2017 9:12 am
Forum: Investing - Theory, News & General
Topic: Call the top! - Bitcoin
Replies: 182
Views: 19112

Re: Call the top! - Bitcoin

$66,776
10/14/2018
by diy60
Fri Dec 22, 2017 11:17 pm
Forum: Personal Finance (Not Investing)
Topic: Strategy for month of the year to retire
Replies: 33
Views: 2697

Re: Strategy for month of the year to retire

I timed my retirement around RSU vesting, options, pension benefits, medical benefits. PTO, etc. It seemed every 3 months or so there was a new goal achieved and could just go on and on, but at some point you just have to pull the rip cord :beer
by diy60
Thu Dec 21, 2017 1:12 pm
Forum: Investing - Help with Personal Investments
Topic: Moving my Spouse IRA to Roth
Replies: 9
Views: 686

Re: Moving my Spouse IRA to Roth

Don't know if it will be a roadblock in your particular case, but I suggest you read up on the "pro rata rule". https://blog.foxwealthmgmt.com/2017/07/13/the-pro-rata-rule-a-backdoor-roth-land-mine/ +1, perhaps read the Kitces blog as well https://www.kitces.com/blog/how-to-do-a-backdoor-roth-ira-c...
by diy60
Mon Dec 18, 2017 12:08 am
Forum: Personal Finance (Not Investing)
Topic: Megacorp wants to change my bonus!
Replies: 25
Views: 4809

Re: Megacorp wants to change my bonus!

I retired from a MegaCorp and my RSUs continue to vest per the Plan's vesting schedule, which allows me to contribute to my Roth IRA since it is W2 income. You should be able to download your plan documents directly from the custodian of your plan. There will likely be a section on lifting of stock ...
by diy60
Sat Dec 16, 2017 10:46 am
Forum: Investing - Theory, News & General
Topic: Is anyone putting money aside into Gold?
Replies: 148
Views: 14869

Re: Is anyone putting money aside into Gold?

I have been taking great interest in gold recently and gold mining companies... Has anyone else considered this? I have had a fairly high proportion of my savings in gold since the 1970's. In my opinion, gold mining stocks are for masochists. I think physical gold is reasonably priced at present. H...
by diy60
Thu Dec 14, 2017 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: Transcripts for 1040 filing from the 1970s ?
Replies: 8
Views: 1104

Re: Transcripts for 1040 filing from the 1970s ?

OP here, I hadn't thought of requesting from SS, thanks for the suggestion. Interestingly, my estimate I get from SS every year doesn't show any earnings for the years I'm interested in (1972 to 1977).
by diy60
Wed Dec 13, 2017 11:22 pm
Forum: Personal Finance (Not Investing)
Topic: Transcripts for 1040 filing from the 1970s ?
Replies: 8
Views: 1104

Transcripts for 1040 filing from the 1970s ?

Has anyone ever requested and received 1040 tax filing transcripts from the IRS dating as far back as say the mid 1970s? If so, did the transcripts include W2s? I may be eligible for a pittance of a pension from a MegaCorp, but the company is claiming no records of my employment.
by diy60
Tue Dec 12, 2017 12:45 pm
Forum: Investing - Theory, News & General
Topic: Any of you trade just a little as a hobby?
Replies: 64
Views: 6672

Re: Any of you trade just a little as a hobby?

I will buy a stock once in a blue moon based on life's experiences, which usually results in a purchase once every 5 years or so. Certainly not a hobby. e.g. February 2016 I was stuck in traffic across from 2 gas stations when I noticed gasoline was $0.99/gal. The last time I could remember paying l...
by diy60
Mon Dec 11, 2017 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: Done gone and did it [Retire]
Replies: 80
Views: 8467

Re: Done gone and did it [Retire]

As far as plans, I intend to up the amount of time allotted for reading. I also have a few projects in mind to investigate. Congratulations, I read all of your posts. I hoping you next project is "how to maximize brokerage bonus while implementing a Roth horse race and re characterization strategy"...
by diy60
Mon Dec 11, 2017 7:34 pm
Forum: Investing - Help with Personal Investments
Topic: Early Retirement - Lump Sum vs. Annuity
Replies: 41
Views: 3207

Re: Early Retirement - Lump Sum vs. Annuity

I recently retired from a MegaCorp that had similar options, and few extra options thrown in for good measure as well. The MegaCorp pension trust administrator provided a "relative value" analysis for all of the various options compared to that of the single life annuity option. All options were wit...
by diy60
Sun Dec 10, 2017 10:55 am
Forum: Investing - Help with Personal Investments
Topic: Auto-reinvest active funds (Wellesley/Balanced) in taxable? LIFO?
Replies: 23
Views: 1511

Re: Auto-reinvest active funds (Wellesley/Balanced) in taxable? LIFO?

LIFO? Referencing the 2nd question in your title, I don't know about VG, but Fidelity's default is FIFO. This works fine for me since I only trade/balance once or twice a year and rarely TLH. I look at the purchase lot history of a fund and then decide what dollar amount to sell to stay within long...
by diy60
Tue Dec 05, 2017 6:03 pm
Forum: Personal Consumer Issues
Topic: How many security Camera's
Replies: 15
Views: 1652

Re: How many security Camera's

A couple of real world examples to think of (happened to my neighbor and also to a close friend); 1) residential camera mounting locations were within reach. Bad guys came up behind the cameras and knocked them out of alignment. 2) bad guys unplugged the NVR unit accidentally when stealing some othe...
by diy60
Sun Dec 03, 2017 3:41 pm
Forum: Investing - Help with Personal Investments
Topic: 401k in plan rollover vs. mega backdoor Roth
Replies: 15
Views: 1371

Re: 401k in plan rollover vs. mega backdoor Roth

I always roll mine out, even though MegaCorp now has in-plan rollover. There's no real advantage other than possibly better protection. With the external distribution you can split the rollover into pre and post tax, which isn't an option for the internal. Ditto here as well, except I've recently r...
by diy60
Sun Dec 03, 2017 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity Yubikey questions
Replies: 17
Views: 2027

Re: Fidelity Yubikey questions

Once is enough to change the email address, password, and disable 2FA. No, you have to call in (and hopefully get past voice verification) to disable 2FA. +1 pertaining to Fidelity, but I think I've seen in other threads Vanguard customers can disable 2FA online, which may be why the Fidelity scena...
by diy60
Sat Dec 02, 2017 11:16 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity Yubikey questions
Replies: 17
Views: 2027

Re: Fidelity Yubikey questions

I'm a bit confused on the reason to use Symantec's product as it's not that good for multi-factor. Just enabling Fidelity's two-factor authentication with your cellphone is as good as Symantec's service. Certainly not my area of expertise, but please explain/clarify why you believe Symantec VIP is ...
by diy60
Thu Nov 30, 2017 11:20 am
Forum: Investing - Theory, News & General
Topic: Which crash have you seen it before it is coming?
Replies: 134
Views: 10843

Re: Which crash have you seen it before it is coming?

I liquidated all of my investments around Oct 2007 due to personal reasons and dumb luck, about 1M at the time. I could have been golden, however the problem was getting out was a lot easier than getting back in. Took a few years to get back in. It was probably a wash for me, or even few hundred tho...
by diy60
Tue Nov 28, 2017 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Calculation Question
Replies: 19
Views: 1713

Re: Social Security Calculation Question

<snip...> Also, you're using the the term "reduced" in a manor in which it is not typically used when discussing SSI. It's not "SSI", but it is SS. SSI is a separate program, run by each state but supported by the federal government to give income to those who have never worked due to being aged, b...
by diy60
Tue Nov 28, 2017 8:43 pm
Forum: Personal Finance (Not Investing)
Topic: Broker account security compendium thread
Replies: 28
Views: 2274

Re: Broker account security compendium thread

. . . the attacker conveniently has access to the VIP app as well, which again makes it kind of useless (they can use it to disable 2FA after recovering the account). . . . You have to call Fidelity to have the Symantec VIP token removed from your account on their servers. If you delete the app fro...
by diy60
Tue Nov 28, 2017 6:16 pm
Forum: Personal Finance (Not Investing)
Topic: Broker account security compendium thread
Replies: 28
Views: 2274

Re: Broker account security compendium thread

I use Symantec VIP, the only down side I see is you do not need to sign on when you open the VIP app. I know this would be another nuisance, but I would like the option of locking the app with a password. Also, you need to put a different Symantec VIP token on your spouse's phone if you have linked ...
by diy60
Mon Nov 27, 2017 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Calculation Question
Replies: 19
Views: 1713

Re: Social Security Calculation Question

Are these numbers for taking it at 62? Because they seem to be quite low if you are taking it at your FRA. It should be close to or more than about 3000 per month at FRA when you have had maximal wages. I didn't see a clear statement on this. It looked to me, since I'm now 62 years old and eligible...
by diy60
Sun Nov 26, 2017 7:58 pm
Forum: Personal Finance (Not Investing)
Topic: Let Go by MegaCorp - Lots of options
Replies: 40
Views: 3868

Re: Let Go by MegaCorp - Lots of options

As a side note, in order to get a severance package you will likely need to sign heavily one-sided documents in which you agree to notify the MegaCorp if you gain employment so they could stop the severance pay and benefits, and you agree to not collect unemployment. This is because technically you...
by diy60
Sun Nov 26, 2017 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: Let Go by MegaCorp - Lots of options
Replies: 40
Views: 3868

Re: Let Go by MegaCorp - Lots of options

I worked for a MegaCorp and had fears of being laid off in my early 50's especially during the Great Recession. Thankfully I was never RIF'd in my career, but had decided if I was impacted I would look for another position within the MegaCorp. I felt this would have been best for No. 1 (me). As a si...