Search found 151 matches

by jtelwood
Thu Jul 13, 2017 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: income taxes in Guam
Replies: 4
Views: 641

Re: income taxes in Guam

Es tut mir leid, dass f├╝r meinen Fehler.
jte
by jtelwood
Thu Jul 13, 2017 5:52 am
Forum: Personal Finance (Not Investing)
Topic: income taxes in Guam
Replies: 4
Views: 641

Re: income taxes in Guam

Thanks for taking the time to respond. The information that I was able to find on a Guam tax site is very similiar to what you provided. That site talked about adopting the US tax code, property taxes, sales taxes, etc. but nothing about a local (ie. state equivalent income tax) income tax so I conc...
by jtelwood
Tue Jul 11, 2017 7:08 am
Forum: Personal Finance (Not Investing)
Topic: income taxes in Guam
Replies: 4
Views: 641

income taxes in Guam

Good morning, My wife has accepted employment in Guam. She is a federal government employee (FERS). My understanding is that the territory of Guam has adopted the US Federal tax code. My question pertains to income tax at the local level, ie. state level. I have been unable to find any information a...
by jtelwood
Sat Apr 08, 2017 12:54 pm
Forum: Investing - Help with Personal Investments
Topic: Help for my nephew
Replies: 9
Views: 1191

Re: Help for my nephew

Thanks for the responses.
by jtelwood
Sat Apr 08, 2017 12:48 pm
Forum: Investing - Help with Personal Investments
Topic: Help for my nephew
Replies: 9
Views: 1191

Re: Help for my nephew

For flamesabers - yes, he is the sole beneficiary.
by jtelwood
Fri Apr 07, 2017 4:12 pm
Forum: Investing - Help with Personal Investments
Topic: Help for my nephew
Replies: 9
Views: 1191

Help for my nephew

Some background. My nephew is a single, 24 year old Lt in the Army and will be receiving a small inheritance in the very near future - about 30K from a ROTH IRA and 2.5K from a traditional IRA. He does not need the money now and would like to invest it for his retirement. It's my understanding that ...
by jtelwood
Fri Dec 30, 2016 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: social security question
Replies: 2
Views: 1027

Re: social security question

Thanks for your reply. I'm not sure I understand your last 2 sentences. Her birthday is June 29, 1950, so 66 is her full retirement age. According to the SS site provided in your reply, she can earn any amount and not her her SS reduced. Also not clear about the requirement to notify SS if she retur...
by jtelwood
Thu Dec 29, 2016 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: social security question
Replies: 2
Views: 1027

social security question

My wife retired earlier this year and decided to wait until 70 to take social security. I retired about 10 years ago and decided to take my social security early since it was such a small amount (windfall elimination provision). She filed a restricted application for a spousal benefit when she turne...
by jtelwood
Thu Jul 28, 2016 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security
Replies: 2
Views: 754

Re: Social Security

Thanks much for the information.

jte
by jtelwood
Tue Jul 26, 2016 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Social Security
Replies: 2
Views: 754

Social Security

Background. My wife is 66 and has decided to delay taking Social Security until she is 70 years old. She recently retired from the federal government and has a FERS retirement pension. Prior to working with the federal government she was employed in West Berlin, Germany in the 1980s and she was paid...
by jtelwood
Thu Mar 17, 2016 10:55 am
Forum: Personal Finance (Not Investing)
Topic: Social Security [Filing strategy]
Replies: 2
Views: 774

Social Security [Filing strategy]

I'm following up an earlier post on filing a restricted application for spousal benefits. I want to be sure that any recent changes with social security have not changed the guidance provided earlier. Background. I will be 70 in a few months. My wife will be 66 in a couple of months. I am a CSRS ret...
by jtelwood
Sat Feb 13, 2016 8:38 am
Forum: Investing - Help with Personal Investments
Topic: Bonds
Replies: 5
Views: 968

Re: Bonds

Thanks Saltycaper. I appreciate you taking the time to respond.
by jtelwood
Thu Feb 11, 2016 11:45 pm
Forum: Investing - Help with Personal Investments
Topic: Bonds
Replies: 5
Views: 968

Re: Bonds

I dom't think my post was clear. I'm interested in hearing a discussion about whether I should be concerned about the risk of default that exists with the intermediate term investment grade bond fund, given the uncertainty of today's economic climate. I think exchanging this fund for the total bond ...
by jtelwood
Thu Feb 11, 2016 1:12 pm
Forum: Investing - Help with Personal Investments
Topic: Bonds
Replies: 5
Views: 968

Bonds

The VG short term investment grade and VG intermediate term investment grade bond funds comprise about 60% my bond portfolio. The remainder is in series I and EE bonds, VG international bond fund, and the TSP G fund. To the extent practical, I want to minimize the risk to principal and am considerin...
by jtelwood
Thu Feb 11, 2016 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: Changes to Social Security
Replies: 477
Views: 56791

Re: Changes to Social Security

Thanks much W
by jtelwood
Thu Feb 11, 2016 11:10 am
Forum: Personal Finance (Not Investing)
Topic: Changes to Social Security
Replies: 477
Views: 56791

Re: Changes to Social Security

Thanks Mike. My wife needs to wait until she is 66 before filing - correct?
by jtelwood
Thu Feb 11, 2016 10:51 am
Forum: Personal Finance (Not Investing)
Topic: Changes to Social Security
Replies: 477
Views: 56791

Re: Changes to Social Security

My eyes begin to glaze over when I read about the various situations or possibilities. Our situation is below. I'm retired and will be 70 in a few months. I began drawing SS several years ago. I'm a CSRS retiree but do get a small monthly check, about $325 (I think the WEP takes about 2/3 which is u...
by jtelwood
Fri Jul 31, 2015 7:47 am
Forum: Personal Finance (Not Investing)
Topic: Social security
Replies: 7
Views: 824

Social security

If I retire at 66, my full retirement age, and want to delay taking social security until 70, can i just wait until I'm 70 and then file; or must I convey my desire to wait (to the Social security administration)? The link below seems to imply that the government can force me to take the benefit bef...
by jtelwood
Sun Jun 07, 2015 10:25 am
Forum: Investing - Theory, News & General
Topic: Rebalancing
Replies: 41
Views: 4993

Rebalancing

While waiting to see the doctor, I read an article in the March edition of Money Magazine titled - Can you really beat the market. It was written by Campbell Harvey, a finance professor at Duke. He was asked a series of questions about the value of rebalancing. He did not support the concept, partic...
by jtelwood
Wed Feb 18, 2015 10:24 am
Forum: Personal Finance (Not Investing)
Topic: Selling gold bars
Replies: 4
Views: 664

Re: Selling gold bars

Ops.

My son did not tell me he had posted the question on the forum.

Regret the inconvenience.

jte
by jtelwood
Wed Feb 18, 2015 9:23 am
Forum: Personal Finance (Not Investing)
Topic: Selling gold bars
Replies: 4
Views: 664

Selling gold bars

My son's wife inherited some gold bars when her mother passed and they would like to sell them. I'm hoping that someone on the forum has experience or knowledge on how they should proceed and could outline the process - - I assume the first step would be to determine the value. Question - what is th...
by jtelwood
Sat Jan 31, 2015 12:43 am
Forum: Personal Finance (Not Investing)
Topic: tax question
Replies: 4
Views: 636

Re: tax question

Thanks for taking the time to provide a clear explanation. NC made major changes to the tax code for 2014. Prior to that, those who took the standard deduction could claim a tax credit for charitable contributions. I use a donor-advised fund to make charitable contributions and NC took issue with th...
by jtelwood
Fri Jan 30, 2015 11:06 am
Forum: Personal Finance (Not Investing)
Topic: tax question
Replies: 4
Views: 636

tax question

I am a NC resident and took the standard deduction on both my federal and state returns. The state held my refund for several months until I provided proof for my charitable giving. The matter was resolved favorably and my refund from the state included a small amount of interest. I received a form ...
by jtelwood
Thu Jan 08, 2015 11:15 am
Forum: Personal Finance (Not Investing)
Topic: new depreciation and amortization rules for rental property
Replies: 7
Views: 1534

Re: new depreciation and amortization rules for rental prope

Thanks Ned. I really appreciate you taking the time to respond.
by jtelwood
Thu Jan 08, 2015 12:11 am
Forum: Personal Finance (Not Investing)
Topic: new depreciation and amortization rules for rental property
Replies: 7
Views: 1534

Re: new depreciation and amortization rules for rental prope

Thanks for the information. After looking at the material, I intend to follow your recommendation and find a qualified tax preparer. I'm anticipating having difficulty finding one in Germany and wonder if this is something that can be done long distance. Any thoughts on this and where I might locate...
by jtelwood
Wed Jan 07, 2015 10:31 am
Forum: Personal Finance (Not Investing)
Topic: new depreciation and amortization rules for rental property
Replies: 7
Views: 1534

new depreciation and amortization rules for rental property

I have a vacation rental property. The IRS is apparently changing the depreciation and amortization method/rules for rental real estate. Prior to 2014, I completed a schedule E (form 1040) and form 4562 (depreciation and amortization). I have seen little information regarding the change for 2014 oth...
by jtelwood
Sun Jan 04, 2015 11:34 pm
Forum: Personal Finance (Not Investing)
Topic: book for young savers
Replies: 5
Views: 1488

Re: book for young savers

Thanks Laura. He can use some of the concepts in the article now and introduce others as the kids get older.
by jtelwood
Thu Jan 01, 2015 11:41 am
Forum: Personal Finance (Not Investing)
Topic: book for young savers
Replies: 5
Views: 1488

Re: book for young savers

Thanks much. I'll pass the web site to him.
by jtelwood
Thu Jan 01, 2015 10:30 am
Forum: Personal Finance (Not Investing)
Topic: book for young savers
Replies: 5
Views: 1488

book for young savers

My son in law wants to begin teaching his 7 year old daughter money management skills, ie. budgeting, saving, investing, etc. Can anyone recommend a good book for him to use as a guide.

Thanks much.

jte
by jtelwood
Mon Mar 24, 2014 7:20 am
Forum: Investing - Help with Personal Investments
Topic: ROTH 401K
Replies: 5
Views: 631

Re: ROTH 401K

Thanks for your reply.

Do you know the IRS reasoning for treating the ROTH 401K differently from the ROTH IRA - ie. requiring the RMD for a ROTH 401K account if it remains a 401K account, but not for a ROTH IRA?
by jtelwood
Mon Mar 24, 2014 12:23 am
Forum: Investing - Help with Personal Investments
Topic: ROTH 401K
Replies: 5
Views: 631

ROTH 401K

I read an article that said one had to take the RMD at the age of 70 1/2 from a ROTH 401K. Is this correct - and if so, what makes the ROTH 401K different from the ROTH IRA vis-a-vis the RMD?

jte
by jtelwood
Sat Mar 01, 2014 10:16 am
Forum: Personal Finance (Not Investing)
Topic: [how to give share of house received in will to siblings]
Replies: 5
Views: 651

Re: legal document

Your assistance was greatly appreciated.

jte
by jtelwood
Fri Feb 28, 2014 10:09 am
Forum: Personal Finance (Not Investing)
Topic: [how to give share of house received in will to siblings]
Replies: 5
Views: 651

[how to give share of house received in will to siblings]

My son's wife and her 2 siblings are named co-beneficiaries on her mother's will. The remaining asset is her mother's house. There is some disagreement about whether to sell or rent the house. To avoid a family squabble, my son's wife would like to give her part of the house to her brother and siste...
by jtelwood
Thu Feb 13, 2014 10:32 am
Forum: Investing - Theory, News & General
Topic: Sensitivity to interest rate movements
Replies: 4
Views: 488

Sensitivity to interest rate movements

I see numerous articles that state a mutual fund holding Treasuries is more sensitive to an increase in interest rates than other bond funds of similar duration. What is the reason for this difference in sensitivity?

Tks. jte
by jtelwood
Fri Jan 31, 2014 11:17 am
Forum: Personal Finance (Not Investing)
Topic: Noth Carolina state tax question
Replies: 4
Views: 365

Re: Noth Carolina state tax question

The question pertained to a tax credit that was missed in a previous year and carried forward. I could see a couple of ways to do it but since the instructions did not address this point, I wanted to get it right the first time . I have been able to contact a representative from the NCDOR since my e...
by jtelwood
Fri Jan 31, 2014 10:16 am
Forum: Personal Finance (Not Investing)
Topic: Noth Carolina state tax question
Replies: 4
Views: 365

Noth Carolina state tax question

Before I post the question, does anyone on the forum have expertise with the North Carolina individual income tax system?

jte
by jtelwood
Wed Jan 29, 2014 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: tax question [1040 schedule E and 8582]
Replies: 5
Views: 866

Re: tax question

Thanks again. Your help was greatly appreciated.
by jtelwood
Wed Jan 29, 2014 9:59 am
Forum: Personal Finance (Not Investing)
Topic: tax question [1040 schedule E and 8582]
Replies: 5
Views: 866

Re: tax question

Thanks for the information.

Just to clarify, if I have only one rental property and take that out of service permanently (and have no other source for any passive income), then I would NOT be able to carry forward any unallowed loses from prior years -correct?
by jtelwood
Wed Jan 29, 2014 7:54 am
Forum: Personal Finance (Not Investing)
Topic: tax question [1040 schedule E and 8582]
Replies: 5
Views: 866

tax question [1040 schedule E and 8582]

RE: Forms - 1040 schedule E and 8582 (Passive Activity Loss Limitations) If one stops renting a property before all Unallowed losses on form 8582 can be taken, can these losses be taken in subsequent years when the property is not rented; or are they gone forever? I think the answer is obvious, but ...
by jtelwood
Wed Jan 15, 2014 9:11 am
Forum: Personal Finance (Not Investing)
Topic: tax question
Replies: 2
Views: 541

Re: tax question

I really appreciate you taking time to clarify this tax question. The mistake I made was for my 2012 tax return. I always review the prior year's tax return when completing the next year's return and my review of form 8582 didn't make sense now and probably not last year, as well. Again, many thanks...
by jtelwood
Tue Jan 14, 2014 10:46 am
Forum: Personal Finance (Not Investing)
Topic: tax question
Replies: 2
Views: 541

tax question

I have rental real estate that had a loss in excess of 25K which I believe requires completion of form 8582 (passive activity loss limitations). Part 1 of form 8582 was fairly straight forward. My question pertains to line 7 of part 2 - determining the adjusted modified gross income. The instruction...
by jtelwood
Tue Dec 17, 2013 7:55 am
Forum: Personal Finance (Not Investing)
Topic: legal question
Replies: 3
Views: 457

legal question

I have 2 changes that I need to make to my will- 1. An address correction. 2. Rather than pass my house on to my 2 children, I want the house sold and the proceeds divided equally between them. Can I use a codicil or amendment to make these changes or do I have to have the will rewritten. I am a Nor...
by jtelwood
Mon Nov 25, 2013 9:20 am
Forum: Investing - Help with Personal Investments
Topic: Core International holding
Replies: 5
Views: 556

Re: Core International holding

Thanks for taking the time to reply. Your comments are greatly appreciated.

jte
by jtelwood
Sun Nov 24, 2013 11:53 pm
Forum: Investing - Help with Personal Investments
Topic: Core International holding
Replies: 5
Views: 556

Core International holding

I'm trying to decide which is the better International core holding - VG FTSE All-World ex-US Index or VG Total International Stock Index. Both seem to be very similar - the 10 largest stock holdings are the same, the percentages of sector diversification are about the same, the top 5 countries are ...
by jtelwood
Thu Aug 22, 2013 9:16 am
Forum: Investing - Theory, News & General
Topic: stock valuations
Replies: 3
Views: 347

stock valuations

Brett Arends writes a column for marketwatch. His column below discusses what be believes the affect that rising interest rates will have on stock values. Any comments/thoughts on his conclusions?

http://www.marketwatch.com/story/fed-ta ... eid=yhoof2
by jtelwood
Thu Jul 18, 2013 10:21 am
Forum: Investing - Help with Personal Investments
Topic: Rebalancing - am I doing this correctly
Replies: 2
Views: 326

Re: Rebalancing - am I doing this correctly

I forgot an important piece of information. The bond and stock funds are all in traditional or ROTH IRAs.
by jtelwood
Thu Jul 18, 2013 9:19 am
Forum: Investing - Help with Personal Investments
Topic: Rebalancing - am I doing this correctly
Replies: 2
Views: 326

Rebalancing - am I doing this correctly

Background - - my asset allocation is 50% bonds, 35% VG Total Stock Market Index, and 15% Total International Stock Index. The bond portion contains intermediate and short term bond funds along with both series EE and I Bonds. - my strategy is to keep at least 3 years of anticipated spending needs i...
by jtelwood
Mon Jun 24, 2013 6:13 am
Forum: Investing - Help with Personal Investments
Topic: i bonds in a retirement portfolio
Replies: 6
Views: 1267

Re: i bonds in a retirement portfolio

Good morning Mel,

Thanks for taking the time to respond. Your answers have provided a perspective that I was underweighting in my decision process for spending both series I and EE bonds during retirement.

Again, your response was very much appreciated.

jte
by jtelwood
Sun Jun 23, 2013 1:49 am
Forum: Investing - Help with Personal Investments
Topic: i bonds in a retirement portfolio
Replies: 6
Views: 1267

Re: i bonds in a retirement portfolio

Thanks Mel. If you have time to respond, I would appreciate your insight on several more questions. - I also have some series EE bonds, the ones that pay a minimum of 4%. With regard to tax purposes, it really doesn't matter which bonds to cash first - correct? With regard to a hedge on moderate inf...
by jtelwood
Sat Jun 22, 2013 1:31 pm
Forum: Investing - Help with Personal Investments
Topic: i bonds in a retirement portfolio
Replies: 6
Views: 1267

Re: i bonds in a retirement portfolio

The total bond market index is in a traditional IRA. My intention is to use the I bonds as part of the bond portion of my retirement portfolio.

Sorry for not being more clear in the original post.