Search found 388 matches

by my name
Fri May 26, 2017 7:42 pm
Forum: Investing - Help with Personal Investments
Topic: Avoiding Taxes with RMD
Replies: 36
Views: 3365

Re: Avoiding Taxes with RMD

Thank you !
by my name
Fri May 26, 2017 6:24 pm
Forum: Investing - Help with Personal Investments
Topic: Really trying to understand no bonds in taxable
Replies: 32
Views: 1235

Re: Really trying to understand no bonds in taxable

would a state tax exempt muni bond be ideal for taxable? You can calculate tax-equivalent yield to see if munis (or state munis) are worth it in your situation. Vanguard's state tax exempt muni funds have done great, munis overall have done great this past decade anyway. I have lots in my taxable a...
by my name
Fri May 26, 2017 5:44 pm
Forum: Investing - Help with Personal Investments
Topic: Avoiding Taxes with RMD
Replies: 36
Views: 3365

Re: Avoiding Taxes with RMD

OK, with these hard numbers, let me offer my $0.02: Thank you, House Blend. Lots to think about as I use a copy of TurboTax from 2016 to play with entering RMD and SS. On comparing the munis at Vanguard, the intermediate has done better than the shortterm, but I realize we are entering a time with ...
by my name
Fri May 26, 2017 11:37 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard vs higher cost bond funds
Replies: 10
Views: 477

Re: Vanguard vs higher cost bond funds

Very interesting. So if I move all of my 401K to the Vanguard stock indexes and then buy into Vanguard tax exempt bonds for the proportion that I want in bonds this would accomplish the same as having bond funds in my 401K? Does tax free means no tax on withdrawals which makes it equivalent to a Ro...
by my name
Fri May 26, 2017 9:54 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard vs higher cost bond funds
Replies: 10
Views: 477

Re: Vanguard vs higher cost bond funds

As I wrote elsewhere, my bonds have a big chunk in the taxable area. Vanguard's tax exempt state and federal muni funds have over the decade I've had them have done better than the taxable bond funds, even without tax consideration. No tax and no limit like savings plans.
by my name
Fri May 26, 2017 9:30 am
Forum: Investing - Help with Personal Investments
Topic: Investing money after IRAs are maxed
Replies: 9
Views: 806

Re: Investing money after IRAs are maxed

Just a thought. My investment strategy pre-retirement. After I maxed out my savings plan (401K) to get the employer match, I maxed out an IRA - became a Roth when available. In my taxables, the largest fund is Vanguard's NJ tax free muni fund. It is for me both bonds for balance and no tax. Over the...
by my name
Fri May 26, 2017 9:14 am
Forum: Investing - Help with Personal Investments
Topic: Avoiding Taxes with RMD
Replies: 36
Views: 3365

Re: Avoiding Taxes with RMD

...You must be young. Roths are relatively new for my age. I used them when they became available. Conversions were reviewed and made no sense while working. After retirement, they made no sense in years with other taxable events, like selling rental property. Roths are not advisable for a number o...
by my name
Fri May 26, 2017 7:11 am
Forum: Investing - Help with Personal Investments
Topic: Avoiding Taxes with RMD
Replies: 36
Views: 3365

Re: Avoiding Taxes with RMD

Yeah it sounds like the OP failed to take a long-range view of his/her taxes in retirement ... Only now has it occurred to him/her that the tax bill he/she postponed is coming due. Not true. I've no interest in IRA to charity while living, and no need nor interest in an annuity as you suggest. You ...
by my name
Fri May 26, 2017 6:54 am
Forum: Investing - Help with Personal Investments
Topic: Avoiding Taxes with RMD
Replies: 36
Views: 3365

Re: Avoiding Taxes with RMD

A quick overview of what to do ... http://time.com/money/4377233/retirement-boomers-taxes-required-withdrawals/?iid=sr-link1 Excerpts: 1) (Annuity, delay up to age 85) QLAC purchase is limited to 25% of your portfolio or a maximum of $125,000. 2) (Charity) donate up to $100,000 of your RMD to charit...
by my name
Fri May 26, 2017 5:45 am
Forum: Investing - Help with Personal Investments
Topic: Avoiding Taxes with RMD
Replies: 36
Views: 3365

Re: Avoiding Taxes with RMD

Where to put the RMD distribution. I'm thinking into a national federal tax exempt fund at Vanguard. With NJ moving to no state taxes for retirement income, that seems a great way to both not add to taxes and also re-balance from my being 70% stock. It also helps diversify my muni bond holdings, my ...
by my name
Thu May 25, 2017 1:57 pm
Forum: Investing - Help with Personal Investments
Topic: Avoiding Taxes with RMD
Replies: 36
Views: 3365

Re: Avoiding Taxes with RMD

Prior to reaching 70 is the ideal time to consider moving to a low income tax or no income tax state if you live in a high tax state. Right. My high tax state of NJ just changed their law to keep seniors. They already did not tax SS. Now seniors will pay no tax on any retirement income as follows -...
by my name
Thu May 25, 2017 1:48 pm
Forum: Investing - Help with Personal Investments
Topic: Avoiding Taxes with RMD
Replies: 36
Views: 3365

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 my name
Wed May 24, 2017 2:02 pm
Forum: Investing - Help with Personal Investments
Topic: Avoiding Taxes with RMD
Replies: 36
Views: 3365

Re: Avoiding Taxes with RMD

but you were going to pay the piper. Better to have higher income and owe more taxes than low income with no taxes. Thanks. I agree, I recall someone made a zillion dollars on stock like Google and was hesitant to sell some to take some profit because of taxes. It is all relative, I guess. As you s...
by my name
Wed May 24, 2017 1:53 pm
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: 12723

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

He is looking forward to taking Social Security at 62. I personally think it is a good idea Here is why I - and 2% of retirees - delay until age 70. NOTE: I turn 70 later this year. Like your Dad, I am single. I have had good health and have had other funds to live on. Note one SS strategy for a co...
by my name
Wed May 24, 2017 1:08 pm
Forum: Investing - Help with Personal Investments
Topic: Avoiding Taxes with RMD
Replies: 36
Views: 3365

Avoiding Taxes with RMD

In 2016 I had a calm tax year, owed no taxes and only used the itemized deductions thanks to some medical costs. I have lived off of money that was already taxed and a small pension, and delay social security until 70. Now, I am 70 later this year. My RMDs begin next year, as does my first full year...
by my name
Fri May 19, 2017 7:20 pm
Forum: Investing - Help with Personal Investments
Topic: RMD start
Replies: 7
Views: 821

Re: RMD start

Thanks everyone for all the great ideas. Lots to think about. I will play with turbo tax and maybe hold off on the 401k roll over so I can do some roth play this year. I'll see what I can do to possibly delay on the first year rmd to see if a roth thing next year is the better play.
by my name
Fri May 19, 2017 7:10 pm
Forum: Investing - Help with Personal Investments
Topic: RMD start
Replies: 7
Views: 821

Re: RMD start

SpringMan wrote:I don't think Vanguard will allow RMD setup until December of the year before.

If you are age 69 1/2 you can set-up the auto RMD. Thanks for our thoughts.
by my name
Thu May 18, 2017 9:39 am
Forum: Investing - Help with Personal Investments
Topic: RMD start
Replies: 7
Views: 821

RMD start

I am reviewing setting up automating my RMD with Vanguard. I begin next year. I am reviewing things like this should I become incapacitated, so automated is a good idea. It is a free service. I am looking for any feedback on approach. I have a small traditional IRA and some Rollover IRAs. The RMD es...
by my name
Thu Apr 13, 2017 6:44 pm
Forum: Personal Finance (Not Investing)
Topic: Which type of CCRC? [Continuing Care Retirement Community]
Replies: 17
Views: 1997

Re: Which type of CCRC? [Continuing Care Retirement Community]

Thank you Rat Daddy. Great timing. I've revisited places in the past 2 months for a more detail overview. I will read your info in the morning when I am fresh and have a cup of coffee.
by my name
Sat Apr 08, 2017 11:30 am
Forum: Investing - Help with Personal Investments
Topic: RMD rules
Replies: 4
Views: 520

Re: RMD rules

Thanks S.
by my name
Sat Apr 08, 2017 11:07 am
Forum: Investing - Help with Personal Investments
Topic: RMD rules
Replies: 4
Views: 520

Re: RMD rules

Thank you, SR
by my name
Sat Apr 08, 2017 10:36 am
Forum: Investing - Help with Personal Investments
Topic: RMD rules
Replies: 4
Views: 520

RMD rules

I've read some posts but am not clear on this. Your thoughts are appreciated. I have IRAs. I reinvest dividends. I begin my RMD next year. I understand I can use dividends, rather than the principal, to cover the RMD required amount. I understand that the IRA basis is the amount in IRA accounts at e...
by my name
Sat Apr 01, 2017 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: IRA to Roth and 401Ks
Replies: 10
Views: 342

Re: IRA to Roth and 401Ks

Thanks, Retired.
by my name
Sat Apr 01, 2017 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: IRA to Roth and 401Ks
Replies: 10
Views: 342

Re: IRA to Roth and 401Ks

It is really interesting thoughts. What I hadn't said, is next year I begin RMDs. Along with your thinking to get rid of the basis, that seems a good opportunity to do that. The thinking was also to rollover my two 401ks to an IRA to simplify the RMDs. I'm seeing how "automated" I can get ...
by my name
Sat Apr 01, 2017 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: IRA to Roth and 401Ks
Replies: 10
Views: 342

Re: IRA to Roth and 401Ks

Thanks again. I have a large IRA amount and a large 401K, but a small basis. I can't take the tax hit to roll it all over. But the concept is interesting for those who can. UPDATE: I typed too fast, I see you are rolling it all back into the 401K. I'm retired, I left the 401K with the former employe...
by my name
Sat Apr 01, 2017 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: IRA to Roth and 401Ks
Replies: 10
Views: 342

Re: IRA to Roth and 401Ks

I will, DS. Thank you.
by my name
Sat Apr 01, 2017 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: IRA to Roth and 401Ks
Replies: 10
Views: 342

Re: IRA to Roth and 401Ks

Thank you, DS. I know I have some basis. So you are saying that the tax form, done after year end, will see both transactions that were done during the year. It would not matter that the 401K rollover is dated after the IRA to Roth conversion, but in the same year. The form would add in the 401K rol...
by my name
Sat Apr 01, 2017 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: IRA to Roth and 401Ks
Replies: 10
Views: 342

IRA to Roth and 401Ks

ira to roth conversions I'm considering converting some IRA fund money to a Roth IRA. I understand in the calculation to determine the non-taxable portion, the total IRA amount should ignore any 401K. Can I afterwards rollover a 401K to an IRA (increasing the IRA total) in the same year? (like the n...
by my name
Tue Dec 20, 2016 8:49 am
Forum: Investing - Help with Personal Investments
Topic: Condo rental question
Replies: 24
Views: 2425

Re: Condo rental question

Chad, you never know. That is the problem. My condo was in a real hot spot of rising value, I bought at $67,000 in 1987 and, along with rental income covering most costs (no mortgage) and depreciation over 20 years helping with my tax return (remember there is the IRS clawback and you pay taxes even...
by my name
Tue Dec 13, 2016 1:49 pm
Forum: Investing - Help with Personal Investments
Topic: Condo rental question
Replies: 24
Views: 2425

Re: Condo rental question

This would avoid real estate charges too. Plus, I would imagine it is difficult to "show" a condo to prospective buyers being lived in by tenants who have no motivation to be neat or make the place presentable for a buyer. If you sell without a broker's 4 to 6% commission, be careful. A r...
by my name
Mon Dec 12, 2016 3:25 pm
Forum: Investing - Help with Personal Investments
Topic: Stocks soaring
Replies: 13
Views: 2666

Re: Stocks soaring

SORRY, I had a data entry error on my Vanguard page in the Other category. You'd be surprised what a little decimal point can do. I wish I had that kind of power. I had on entry worth about 200K as 2 million. I wish. Everything is OK.
by my name
Mon Dec 12, 2016 2:08 pm
Forum: Investing - Help with Personal Investments
Topic: Condo rental question
Replies: 24
Views: 2425

Re: Condo rental question

Another point on the older condo units. In our association we started having exploding toilets with contents strewn around the units. People over the decades poured grease down the kitchen drain and eventually some main pipes got clogged. One couple returned after weeks away to find a fecal covered ...
by my name
Mon Dec 12, 2016 1:56 pm
Forum: Investing - Help with Personal Investments
Topic: Condo rental question
Replies: 24
Views: 2425

Re: Condo rental question

Workers in a store that does tax returns said people who rent one unit never make money. I sold my condo for many reasons. I had a property management company who also carefully screened tenants. There are still no guarantees. As for the good condo board - people are volunteers with little law and p...
by my name
Mon Dec 12, 2016 1:01 pm
Forum: Investing - Help with Personal Investments
Topic: Stocks soaring
Replies: 13
Views: 2666

Stocks soaring

Well, I was fine with leaving my investments, mostly in Vanguard funds, "as is" in retirement with about 75% stock (mostly in funds, some balanced). Then along comes the election and stocks have soared. My Vanguard asset mix has stock about 95%. Holy cow! I have to believe this rapid rise ...
by my name
Sun Sep 25, 2016 8:06 am
Forum: Personal Consumer Issues
Topic: Timing Belt Change - Months or Miles if car is old?
Replies: 104
Views: 27344

Re: Timing Belt Change - Months or Miles if car is old?

... but less money for other things. Maybe, but maybe not. I just "threw away" a car. A HONDA CIVIC. In hindsight, I should have called "Make A Wish" and donated it for a tax write-off. What did happen, the new dealership threw in some money at the very end of the sale, as I pre...
by my name
Sun Sep 25, 2016 5:20 am
Forum: Personal Consumer Issues
Topic: Timing Belt Change - Months or Miles if car is old?
Replies: 104
Views: 27344

Re: Timing Belt Change - Months or Miles if car is old?

Well, the saga of my timing belt was sad. Like some above, the dealer can seriously overcharge. I began using an auto shop recommended by a friend. They did timing belt with some reduction in rate and elimination of redundant labor charge. Well, sadder still. Someone put the wrong transmission fluid...
by my name
Sun Apr 10, 2016 8:52 am
Forum: Personal Finance (Not Investing)
Topic: TaxAct Plus vs TurboTax vs H&R Block for 2015
Replies: 117
Views: 12696

Re: TaxAct Plus vs TurboTax vs H&R Block for 2015

danaht wrote: Turbo Tax (desktop version only)


I also like getting the CD (not download) to hold on to, no extra cost at Amazon, still $55 for TT Premier. The CD is my security blanket I can open past year versions.
by my name
Sun Apr 10, 2016 6:39 am
Forum: Personal Finance (Not Investing)
Topic: TaxAct Plus vs TurboTax vs H&R Block for 2015
Replies: 117
Views: 12696

Re: TaxAct Plus vs TurboTax vs H&R Block for 2015

The prices are a bit misleading. I got TT Premier at Amazon for $55. That to me is free enough for the quality software for my (past) rental and its sale, along with ESPP employee stock lots. Peace of mind, and with a good forum for help with complex questions (to me) from those who know. ...to save...
by my name
Mon Feb 29, 2016 6:58 am
Forum: Personal Finance (Not Investing)
Topic: TaxAct Plus vs TurboTax vs H&R Block for 2015
Replies: 117
Views: 12696

Re: TaxAct Plus vs TurboTax vs H&R Block for 2015

I am very happy with the way TT handles my taxes every year. There is a reason it is the leading software for taxes. It has clearly led me through doing taxes for real estate and selling that, an area pretty complicated to me, as well as does a great job letting me make a copy to play with the compa...
by my name
Sun Jan 31, 2016 6:13 am
Forum: Personal Finance (Not Investing)
Topic: TaxAct Plus vs TurboTax vs H&R Block for 2015
Replies: 117
Views: 12696

Re: TaxAct Plus vs TurboTax vs H&R Block for 2015

The only disadvantage with filing through the NJ website is that I do need to re-input most of the information. Avi I'm also NJ, and prefer to print the state return and mail it. To me this is "insurance" that the IRS will leave me alone given the return was fully done by a commercial pro...
by my name
Sun Jan 31, 2016 5:49 am
Forum: Personal Finance (Not Investing)
Topic: Medigap plan F--Aetna or Statefarm
Replies: 23
Views: 2362

Re: Medigap plan F--Aetna or Statefarm

Using an agent is a good way to go. Insurance companies have their own agents or you can use an independent agent that can help you find the plan that is best for you from what is available to you. They can answer lots of questions, especially as each state, location and insurer can have different r...
by my name
Sat Jan 30, 2016 11:35 am
Forum: Personal Finance (Not Investing)
Topic: Medigap plan F--Aetna or Statefarm
Replies: 23
Views: 2362

Re: Medigap plan F--Aetna or Statefarm

I understand that each plan is identical when it comes to coverage and people often suggest going with the lowest premiums. However, I thought the difference in premiums was based on if the policy was using community rating, issue age rating, or attained age rating with the latter increasing as you...
by my name
Sat Jan 30, 2016 11:24 am
Forum: Personal Finance (Not Investing)
Topic: Medigap plan F--Aetna or Statefarm
Replies: 23
Views: 2362

Re: Medigap plan F--Aetna or Statefarm

Spirit, I had changed my wording above about underwriting for those that wish to switch from F or C in 2020 because articles vary on this. I had noted that some states or insurers have different rules on underwriting (my state allows it, but my specific insurer does not have it so I can switch anyti...
by my name
Sat Jan 30, 2016 10:10 am
Forum: Personal Finance (Not Investing)
Topic: Medigap plan F--Aetna or Statefarm
Replies: 23
Views: 2362

Re: Medigap plan F--Aetna or Statefarm

Riley, I"m not finding anything clear. Different articles say different things. Sorry I can't help.
by my name
Sun Jan 24, 2016 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: TaxAct Plus vs TurboTax vs H&R Block for 2015
Replies: 117
Views: 12696

Re: TaxAct Plus vs TurboTax vs H&R Block for 2015

Turbo Tax for many years. The TT Premier is discounted to $55 at Amazon. It got me through many years doing a great job with a rental and also company stock ESPP plan. I've submitted questions on their forum and get quick and good tax return advise. I like keeping the CDs in my file.
by my name
Wed Jan 20, 2016 7:44 pm
Forum: Personal Finance (Not Investing)
Topic: Medigap plan F--Aetna or Statefarm
Replies: 23
Views: 2362

Re: Medigap plan F--Aetna or Statefarm

Yes, Plan F and Plan C will not be sold to new people starting in 2020, if this change is not overturned. Like Plan J before, premiums are likely to rise. People with Plan F will be able to keep it or can switch to another plan (not sure about underwriting kicking in or not). No need to switch now, ...
by my name
Wed Jan 20, 2016 11:32 am
Forum: Personal Finance (Not Investing)
Topic: Real estate investment for newbie
Replies: 23
Views: 2359

Re: Real estate investment for newbie

I sold my one rental (2 bed, 2 bath in resort area) after a good tenant went bad. Never again. End of year 2, left without notice, the place was trashed. Even if I won in small claims court, I could not recover the thousands in attorney fees and court costs trying to get payment through the court. H...
by my name
Wed Jan 20, 2016 10:49 am
Forum: Personal Finance (Not Investing)
Topic: Medigap plan F--Aetna or Statefarm
Replies: 23
Views: 2362

Re: Medigap plan F--Aetna or Statefarm

If you choose traditional Medicare and a Medigap supplemental plan, the plan benefits are identical for insurers, so buy based on cost - the cheapest. An insurer may throw in a bell or whistle, like health club discount. Your medical providers will file a claim with Medicare. Medicare would pass to ...

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