Search found 164 matches

by leftcoaster
Wed Jan 20, 2016 10:43 pm
Forum: Personal Finance (Not Investing)
Topic: mega backdoor Roth and Roth 401(k)
Replies: 3
Views: 279

Re: mega backdoor Roth and Roth 401(k)

Other differences between Roth 401k and Roth IRA: 1) More favorable distribution tax rules for non qualified distributions from Roth IRA (Roth IRA earnings come out last; Roth 401k earnings come out pro rated with contributions) 2) If you convert to the Roth IRA and the market tanks, you can rechar...
by leftcoaster
Wed Jan 20, 2016 9:21 pm
Forum: Personal Finance (Not Investing)
Topic: mega backdoor Roth and Roth 401(k)
Replies: 3
Views: 279

Re: mega backdoor Roth and Roth 401(k)

Reading wikipedia, the only difference I can discern is Unlike Roth IRAs, owners of Roth 401(k) accounts (designated Roth accounts) must begin distributions at age 70 and a half, as with IRA and other retirement plans. which would seem to be mitigated by Employees can roll their Roth 401(k) contribu...
by leftcoaster
Wed Jan 20, 2016 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: mega backdoor Roth and Roth 401(k)
Replies: 3
Views: 279

mega backdoor Roth and Roth 401(k)

I have one of these 401(k) plans that permits after tax contributions and also non-hardship in service withdrawals, so I can do a mega backdoor Roth iRA. The program administrator says that I can also put those funds into a Roth 401(k) in the plan. The plan has very attractive pricing -- Vanguard's ...
by leftcoaster
Fri Dec 18, 2015 9:44 pm
Forum: Personal Finance (Not Investing)
Topic: Security on the phone
Replies: 7
Views: 510

Re: Security on the phone

cbeck wrote:Tell them you'll call them back and then used the published number to do so.


Right. My point is that there needs to be a way to get back to that person and not random agent 52.
by leftcoaster
Fri Dec 18, 2015 9:23 pm
Forum: Personal Finance (Not Investing)
Topic: Security on the phone
Replies: 7
Views: 510

Security on the phone

In recent weeks I've had contact with financial institutions where there was a follow up call initiated by them. The agent then wants to ID me with personal info: DOB, SSN, etc. I say, yeah but how do I know that YOU are really calling from (wherever)? Because that is exactly what a phishing attack ...
by leftcoaster
Tue Dec 15, 2015 5:59 am
Forum: Personal Finance (Not Investing)
Topic: The psychology of high deductible health plans
Replies: 102
Views: 6771

Re: The psychology of high deductible health plans

Public radio did a story about https://www.vitalssmartshopper.com/ Which helps patients find less expensive providers. They give cash incentives for using less costly options. My insurance company uses another program - hcestimator.com, with no incentives. For a colonoscopy with polyp removal I can ...
by leftcoaster
Thu Dec 10, 2015 4:32 pm
Forum: Investing - Help with Personal Investments
Topic: Annuitization late in life
Replies: 13
Views: 803

Re: Annuitization late in life

I am not an expert, but why are beneficiaries of the trust paying income tax? Shouldn't the annuity turn into cash that goes into the estate (tax free assuming under the estate limit) and then payouts from the trust will be tax free until gains start accumulating? You should be getting approximatel...
by leftcoaster
Thu Dec 10, 2015 12:57 pm
Forum: Investing - Help with Personal Investments
Topic: Annuitization late in life
Replies: 13
Views: 803

Re: Annuitization late in life

You also need to watch New York's estate tax. While the federal exemption is high, the state exemption is not. I think it's currently around $3M and continues to climb each year. But adding up the value of the real estate, the IRA, the taxable account, and the annuities and you might be close. The ...
by leftcoaster
Thu Dec 10, 2015 12:51 pm
Forum: Investing - Help with Personal Investments
Topic: Annuitization late in life
Replies: 13
Views: 803

Re: Annuitization late in life

Her desired lifestyle is being met by SS + $5K/monthly draws from taxable (delivered in the form of RMDs). Did you misstate that? She is getting her RMDs from taxable? And wants to stop so heirs can benefit from the step-up in basis on the taxable accounts? I'm calculating the RMD divisor for 80 ye...
by leftcoaster
Thu Dec 10, 2015 11:41 am
Forum: Investing - Help with Personal Investments
Topic: Annuitization late in life
Replies: 13
Views: 803

Re: Annuitization late in life

The reason for thinking of life + 5y guarantee is to hedge against the (unlikely) event that something happens in <5 years.
by leftcoaster
Thu Dec 10, 2015 11:19 am
Forum: Investing - Help with Personal Investments
Topic: Annuitization late in life
Replies: 13
Views: 803

Re: Annuitization late in life

Do not annuitize the taxable investments - at death, the heirs will receive assets at the stepped up basis; no income tax. I have no opinion the flexible annuities. It doesn't seem that any additional income is needed at this time, so I'd be inclined to let it ride until you actually need the money...
by leftcoaster
Thu Dec 10, 2015 10:28 am
Forum: Investing - Help with Personal Investments
Topic: Annuitization late in life
Replies: 13
Views: 803

Annuitization late in life

Hello bogleheads, Mom is turning 80 next year, a widow. She is in good health and active. Her mother lived to 91; her father to 85 and there were (thankfully) no extravagant medical interventions in either case. She has: ⋅ social security ⋅  owns her home in a desirable part of M...
by leftcoaster
Wed Dec 02, 2015 11:59 am
Forum: Personal Finance (Not Investing)
Topic: disclaiming an IRA
Replies: 5
Views: 754

disclaiming an IRA

Suppose the following structure: IRA Owner 4 primary beneficiaries, equal shares, all living at time of Owner's passing. 1 of the four wants to disclaim her share of the IRA and have her child receive+stretch it. Am I correct that designating "primary per stirpes" is the way to go? I think...
by leftcoaster
Tue Dec 01, 2015 9:28 am
Forum: Personal Finance (Not Investing)
Topic: Donor advised funds
Replies: 20
Views: 1501

Re: Donor advised funds

gardemanger wrote:We can't all afford Vanguard's minimums, for starters.



Good point. It's a significant jump from 5 to 25k.
by leftcoaster
Tue Dec 01, 2015 7:36 am
Forum: Personal Finance (Not Investing)
Topic: Donor advised funds
Replies: 20
Views: 1501

Re: Donor advised funds

Regarding pledges and Donor Advised Funds: We use Fidelity, and have done so for many years. On the DAF side (in our case Fidelity) when we first set up the account, the language and warnings were very strong (almost threatening) about not being able to fulfill a pledge with a grant request. In fac...
by leftcoaster
Mon Nov 30, 2015 11:04 pm
Forum: Personal Finance (Not Investing)
Topic: Donor advised funds
Replies: 20
Views: 1501

Re: Donor advised funds

What is the advantage in pledging anyhow? What's wrong with just making the donation when you want to? There's no advantage to the donor. The recipient organization likes to use pledges (sometimes multi-year) to plan their cash flow. It's also useful to them for capital campaigns and for motivating...
by leftcoaster
Mon Nov 30, 2015 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: Donor advised funds
Replies: 20
Views: 1501

Re: Donor advised funds

You can do whatever you want but this seems pretty silly to me. You're implying that market changes work against you. And that you controlling the timing more precisely is somehow better for everyone. If you step back, you'll see how off the mark that is. Plus, I can't imagine your control really i...
by leftcoaster
Mon Nov 30, 2015 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: Donor advised funds
Replies: 20
Views: 1501

Re: Donor advised funds

You may wish to check how quick Vanguard does things then. I would suggest transferring 100% of the shares to a real broker who makes same day transactions while you sit in their office. Then you can gift whenever you want. It sounds like this is how it would unfold: a) partial ACAT to vanguard b) ...
by leftcoaster
Mon Nov 30, 2015 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: Donor advised funds
Replies: 20
Views: 1501

Re: Donor advised funds

You can do whatever you want but this seems pretty silly to me. You're implying that market changes work against you. And that you controlling the timing more precisely is somehow better for everyone. If you step back, you'll see how off the mark that is. Plus, I can't imagine your control really i...
by leftcoaster
Mon Nov 30, 2015 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: Donor advised funds
Replies: 20
Views: 1501

Re: Donor advised funds

livesoft wrote:How about not worrying about the price? :)


A thousand dollar difference is kind of meaningful to me.
by leftcoaster
Mon Nov 30, 2015 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: Donor advised funds
Replies: 20
Views: 1501

Donor advised funds

Situation I gift appreciated stock to charity My broker transfers shares to the charity which then sells them. Market volatility means that there's little predictability in the pricing. The transfer and sale can take a week or more and a lot can happen in that time My employer stock plan broker does...
by leftcoaster
Sun Nov 22, 2015 8:24 am
Forum: Investing - Theory, News & General
Topic: Build Your Own Annuity
Replies: 157
Views: 14272

Re: Build Your Own Annuity

Hi Everyone: This Forbes column was inspired by a recent discussion on the forum about building your own annuity. I incorporated some of the ideas from that discussion and combined them with some of my own thoughts. http://www.forbes.com/sites/thebogleheadsview/2013/03/01/build-your-own-annuity/ Sa...
by leftcoaster
Thu Nov 19, 2015 8:19 am
Forum: Personal Finance (Not Investing)
Topic: What is the point of a Flagship Representative?
Replies: 69
Views: 7830

Re: Flagship service

Crow Hunter: I contact my representative (I've had two) perhaps once a year. I have always received excellent service. If I'm switched to another person in the office I don't mind a bit. I recently contacted my representative ( [real name removed by admin LadyGeek] ) about a wealthy friend of mine ...
by leftcoaster
Wed Nov 18, 2015 9:10 am
Forum: Personal Finance (Not Investing)
Topic: FIA AMEX -> fidelity 529
Replies: 2
Views: 207

FIA AMEX -> fidelity 529

Amounts put in the 529 from FIA rewards go against the annual limit, yes?
by leftcoaster
Sun Nov 15, 2015 6:16 pm
Forum: Personal Finance (Not Investing)
Topic: when does Flagship pricing for TurboTax typically appear?
Replies: 7
Views: 1514

Re: when does Flagship pricing for TurboTax typically appear?

Turbo Tax always been made available by Vanguard in mid December. However the free / reduced rates were for the Deluxe version which does not include Schedule D for investment transactions. Turbo Tax made this change in 2014. You now need the Premiere version at an additional charge. This is not tr...
by leftcoaster
Sun Nov 15, 2015 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: when does Flagship pricing for TurboTax typically appear?
Replies: 7
Views: 1514

when does Flagship pricing for TurboTax typically appear?

I'd like to run some scenarios before the end of the year.
by leftcoaster
Sun Nov 15, 2015 12:20 pm
Forum: Personal Consumer Issues
Topic: Spatchcock [aka Butterfly] Your Turkey?
Replies: 15
Views: 1225

Re: Spatchcock [aka Butterfly] Your Turkey?

On the topic of interesting poultry recipes: I recently tried a chicken that I had the butcher completely de-bone, yet leave whole, in the skin. I then made a mushroom duxelles stuffing and tied it with twine (recipe on Youtube somewhere) and then roasted. It was fabulous and you simply carve slices...
by leftcoaster
Sun Nov 15, 2015 1:40 am
Forum: Personal Consumer Issues
Topic: Spatchcock [aka Butterfly] Your Turkey?
Replies: 15
Views: 1225

Re: Spatchcock [aka Butterfly] Your Turkey?

Yes, it was much better spatchcocked because evenly cooked. You can do it on a rack over a sheet with vegetables to catch the drippings. Good for chicken too. You will need poultry shears.
by leftcoaster
Fri Nov 06, 2015 2:29 pm
Forum: Investing - Help with Personal Investments
Topic: Munis
Replies: 10
Views: 920

Re: Munis

I have an NWFCU CD and am planning to use Munis to extend into a ladder. The CD is 3y, so I would add 4y, 5y, and 6y for a duration of around 5y. I'll keep adding rungs at the end. I did consider the vanguard fund, but I'd rather not experience NAV fluctuations. The yield there is lower than what I...
by leftcoaster
Fri Nov 06, 2015 12:16 pm
Forum: Investing - Help with Personal Investments
Topic: Munis
Replies: 10
Views: 920

Re: Munis

Higher tax-equivalent yield probably means higher risk, although if in fed tax bracket higher than 25%, could be a bit better on risk-adjusted basis. Thinking individual bonds avoids price fluctuation is an illusion if you roll your bonds into the long end of your ladder when they mature. Rolling b...
by leftcoaster
Fri Nov 06, 2015 11:33 am
Forum: Investing - Help with Personal Investments
Topic: Munis
Replies: 10
Views: 920

Munis

I am thinking of using in-state muni bonds as an alternative to i-bonds. I've done the tax-equivalent yield math and like what I see. I have an NWFCU CD and am planning to use Munis to extend into a ladder. The CD is 3y, so I would add 4y, 5y, and 6y for a duration of around 5y. I'll keep adding run...
by leftcoaster
Fri Oct 30, 2015 10:44 pm
Forum: Investing - Help with Personal Investments
Topic: multi-year 529 contributions
Replies: 10
Views: 928

multi-year 529 contributions

I know you can put up to 5x the annual limit for a 529 in at a time. You're then "done" for those 5 years. Does anyone here know the rules if you want to do this somewhat incrementally? For example, can you do something like this? year 1: 40K year 2: 5K year 3: 30K ? Or does it have to be ...
by leftcoaster
Thu Oct 22, 2015 12:56 am
Forum: Personal Finance (Not Investing)
Topic: What are your 2 retirement numbers?
Replies: 260
Views: 25014

Re: What are your 2 retirement numbers?

Oddly I have never given this much thought.

Are people with numbers planning on lots more travel? Paying for kids' weddings?
by leftcoaster
Tue Oct 20, 2015 9:14 pm
Forum: Investing - Theory, News & General
Topic: Brokered CDs
Replies: 17
Views: 977

Re: Brokered CDs

For others who have not yet dealt in brokered CDs or individual bonds in a taxable account, note the possible amortization of the premium for tax purposes to help offset the higher yield. Say more please? See IRS Pub 550, Ch3, section "Bond Premium Amortization": https://www.irs.gov/publi...
by leftcoaster
Tue Oct 20, 2015 8:18 pm
Forum: Investing - Theory, News & General
Topic: Brokered CDs
Replies: 17
Views: 977

Re: Brokered CDs

saltycaper wrote:
For others who have not yet dealt in brokered CDs or individual bonds in a taxable account, note the possible amortization of the premium for tax purposes to help offset the higher yield.


Say more please?
by leftcoaster
Tue Oct 20, 2015 11:45 am
Forum: Investing - Theory, News & General
Topic: Brokered CDs
Replies: 17
Views: 977

Re: Brokered CDs

In my case, bought brokered 4-year CD at rate 2.1% through Vanguard for my TIRA.. I don't have a taxable account. If that doesn't make financial sense, someone let me know! Well you could get a 3-year CD for 3.04% if you were willing to get one directly from NWFCU, which would involve money transfe...
by leftcoaster
Tue Oct 20, 2015 10:59 am
Forum: Investing - Theory, News & General
Topic: Brokered CDs
Replies: 17
Views: 977

Re: Brokered CDs

Sidney wrote:The FDIC insurance covers the face value of the CD. If it is trading at a premium, the premium is at risk since in a bank default the FDIC would only return the face value to you.


Aha, that makes sense. Thank you.
by leftcoaster
Tue Oct 20, 2015 10:39 am
Forum: Investing - Theory, News & General
Topic: Brokered CDs
Replies: 17
Views: 977

Re: Brokered CDs

I'm not sure why the new issues have yields much lower than secondary. Possibly in part because some people prefer to buy at par due to a psychological crutch of sorts, while others don't want to pay a commission (new issues are often commission-free). Also, since any premium is not FDIC-insured, p...
by leftcoaster
Tue Oct 20, 2015 7:57 am
Forum: Investing - Theory, News & General
Topic: Brokered CDs
Replies: 17
Views: 977

Brokered CDs

Comparing new issue yields at vanguard/fidelity against rates at deposit accounts, I can't figure out why someone would ever go with the brokered option, unless they plan on buying or selling in the secondary market. The loss of yield is significant. Yes, paperwork to open accounts is a hassle, but ...
by leftcoaster
Sun Oct 04, 2015 1:11 pm
Forum: Personal Consumer Issues
Topic: Reduce/Reuse, but no Recycle
Replies: 56
Views: 4219

Reduce/Reuse, but no Recycle

The NYT ran an article by John Tierney today arguing (again) against the economics and environmentalism of recycling and especially against zero-waste recycling: http://www.nytimes.com/2015/10/04/opinion/sunday/the-reign-of-recycling.html?ref=opinion&_r=0 Setting the recycling question aside, wh...
by leftcoaster
Fri Oct 02, 2015 9:02 am
Forum: Investing - Help with Personal Investments
Topic: I-bond vs taxable
Replies: 5
Views: 737

Re: I-bond vs taxable

The nice thing about I-bonds is that you can sell part of them or all of them in a year or sell them and buy some with a higher fixed rate if they earn a higher fixed rate down the road and reset your 30 year timeline. Bearing mind that your repurchase doesn't give you any more "room" in ...
by leftcoaster
Mon Sep 07, 2015 7:17 am
Forum: Personal Consumer Issues
Topic: Best Small Purchases (Around the house)
Replies: 133
Views: 14187

Re: Best Small Purchases (Around the house)

I keep promising myself I will buy one of those steamer things for getting the wrinkles out of clothes. I hate ironing and I think I could easily use the steamer on a lot of shirts and dresses in minimal time. I just keep forgetting to buy it. Hopefully it is not a waste of money. If I ever get one...
by leftcoaster
Thu Aug 13, 2015 11:34 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard needs to allow opt-out of assigned Flagship representative
Replies: 1
Views: 664

Vanguard needs to allow opt-out of assigned Flagship representative

I've had several of these roll through and have never once contacted them. I'm sure some customers find it useful, but I do not. When I call flagship, they make me wait for the inevitable "your representative is unavailable" message. I don't care which agent I talk to when I call. I know t...
by leftcoaster
Sun Aug 09, 2015 11:24 am
Forum: Personal Consumer Issues
Topic: Attackers can access Dropbox, Google Drive, OneDrive files without a user's password
Replies: 6
Views: 1360

Re: Attackers can access Dropbox, Google Drive, OneDrive files without a user's password

A few things: SMS-based two factor authentication is not a panacea. At no point in time has any phone company volunteered to provide security services for the internet. SMS itself is not secure and nation state actors as well as hackers routinely compromise traffic on the SS7 network. Phone companie...
by leftcoaster
Sat Aug 08, 2015 10:55 am
Forum: Personal Finance (Not Investing)
Topic: SS file and suspend question
Replies: 4
Views: 672

SS file and suspend question

Suppose that the higher earning spouse is five years younger than the lower earning spouse. What's the best strategy here?
by leftcoaster
Thu Aug 06, 2015 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: parent -> child gifts
Replies: 14
Views: 1466

Re: parent -> child gifts

What do you mean by "elderly"? According to some, it could be 60, 70, 80, 85, 90, 95+. Some of us "older" persons think it is 15 years older than we are! Over 80. To me it looks like they have enough for long term care and any likely expenses. Still it is their money and their c...
by leftcoaster
Thu Aug 06, 2015 6:16 pm
Forum: Personal Finance (Not Investing)
Topic: parent -> child gifts
Replies: 14
Views: 1466

Re: parent -> child gifts

Carefreeap wrote:To see their kids enjoy the money while the parents are still alive.


OK fair enough. Is there a >financial< reason to do it?
by leftcoaster
Thu Aug 06, 2015 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: parent -> child gifts
Replies: 14
Views: 1466

parent -> child gifts

Is there any point in an elderly parent making gifts to adult children ( who do not need the $$ now ) when the total estate is <$4 million? I think that's safely under the Federal estate tax exclusion. It will also be under the NY State exclusion in 2016. The parent lives in NY. Any reason to bother...
by leftcoaster
Fri Jul 31, 2015 11:35 am
Forum: Investing - Theory, News & General
Topic: Vanguard TR funds hold investor class shares?
Replies: 11
Views: 844

Re: Vanguard TR funds hold investor class shares?

My thread has been hijacked by people who want to talk about 401(k) fees more broadly. Can we please come back to the retail TR funds and why they are based on retail funds? Yes, there are small accounts. But they don't all churn rapidly. You could compose the TR account of tranches of the underlyin...
by leftcoaster
Fri Jul 31, 2015 11:23 am
Forum: Investing - Theory, News & General
Topic: Vanguard TR funds hold investor class shares?
Replies: 11
Views: 844

Re: Vanguard TR funds hold investor class shares?

Vanguard has a bunch of institutional options and they have negotiable pricing for the Trust option:

https://institutional.vanguard.com/VGAp ... undId=0528

Expenses in my employer plan go down to 1 basis point.

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