Search found 14 matches

by terpfan71
Thu Apr 20, 2017 1:24 pm
Forum: Investing - Help with Personal Investments
Topic: Implementing AA Across Taxable and Tax Deferred Accounts
Replies: 4
Views: 457

Re: Implementing AA Across Taxable and Tax Deferred Accounts

We both have pensions and our SS is taxed to the max. That plus dividends and gains puts us in the middle of the 25% bracket. It will only get worse when RMDs start.
by terpfan71
Tue Apr 18, 2017 8:43 am
Forum: Investing - Help with Personal Investments
Topic: Implementing AA Across Taxable and Tax Deferred Accounts
Replies: 4
Views: 457

Implementing AA Across Taxable and Tax Deferred Accounts

In implementing my AA across all my investment accounts, how do I take into account the tax liability of my tax deferred accounts? Approximately 26% of our assets are held in taxable accounts and virtually 100% of those assets are in equities. So all of my fixed income assets are in tax deferred acc...
by terpfan71
Mon Mar 27, 2017 10:51 am
Forum: Investing - Help with Personal Investments
Topic: AA and Vanguard Transfer Advice
Replies: 2
Views: 358

Re: AA and Vanguard Transfer Advice

Thanks bloom. I may not have been clear about the pending transfer of tIRA and Roth assets to Vanguard. These assets were in stocks, but have been liquidated and will be transferred as cash. That is why I was asking about waiting for a market dip (which we seem to have had) to reinvest. As for Roth ...
by terpfan71
Thu Mar 16, 2017 12:13 pm
Forum: Investing - Help with Personal Investments
Topic: AA and Vanguard Transfer Advice
Replies: 2
Views: 358

AA and Vanguard Transfer Advice

Emergency funds: 6 mo Debt: 0 Tax Filing Status: Married Filing Jointly Tax Rate: 25% Federal, 7% State State of Residence: NC Age: both 67 and Retired for 5 years Desired Asset allocation: 75% stocks / 20% bonds / 5%REIT (w/ small cap and value tilt) Desired International allocation:20% of stocks C...
by terpfan71
Wed Mar 01, 2017 10:28 am
Forum: Investing - Help with Personal Investments
Topic: Gifting Daughter for Home Purchase
Replies: 7
Views: 932

Re: Gifting Daughter for Home Purchase

Thanks for the replies. Seems like taxable is the way to go. Given that, gifting shares and having the capital gains tax paid at a lower rate makes sense.
by terpfan71
Mon Feb 27, 2017 11:47 am
Forum: Investing - Help with Personal Investments
Topic: Gifting Daughter for Home Purchase
Replies: 7
Views: 932

Gifting Daughter for Home Purchase

We are planning to gift our daughter and son-in-law between $35-$55k this year to help them purchase a larger home. I am trying to decide where is best to draw these funds from. We are both 68, retired and living comfortably on pensions and SS. We have considerable(to us) savings in IRAs, Roths and ...
by terpfan71
Mon Nov 14, 2016 1:43 pm
Forum: Investing - Help with Personal Investments
Topic: Postpone Roth Conversion for Lower Tax Rate
Replies: 7
Views: 786

Postpone Roth Conversion for Lower Tax Rate

I have been systematically converting tIRA to Roth up to the top of my bracket. I am wondering if I should suspend this in anticipation of a lower tax rate and broader bracket under the Trump tax plan. I am in the 25% bracket.
by terpfan71
Tue Aug 30, 2016 4:31 pm
Forum: Investing - Help with Personal Investments
Topic: Roth Conversions - On the right track??
Replies: 5
Views: 556

Re: Roth Conversions - On the right track??

delamer wrote:Have you considered gifting to heirs now as part of your strategy?


Your not my son-in-law are you? Just kidding. We have been doing that via 529 and help with car and home purchases, but not on a regular basis.
by terpfan71
Tue Aug 30, 2016 4:04 pm
Forum: Investing - Help with Personal Investments
Topic: Roth Conversions - On the right track??
Replies: 5
Views: 556

Roth Conversions - On the right track??

We have been doing Roth conversions for the last several years and had planned to continue. Just want to be sure that it is the best course of action. Our situation: We are both 67 and retired; both collecting govt pensions and SS and living very comfortably; we are in the 25% tax bracket and expect...
by terpfan71
Mon Aug 22, 2016 9:22 am
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion or Not?
Replies: 45
Views: 3762

Re: Roth Conversion or Not?

We are in a similar situation - both have govt pensions and collecting SS. We are in the 25% bracket and likely to stay there. We are both 67 and have been doing Roth conversions to the top of the bracket for the last 3 years and had planned to continue until conversions and eventually RMDs have eli...
by terpfan71
Fri Apr 08, 2011 7:31 am
Forum: Investing - Help with Personal Investments
Topic: Investment advice for newly converted Roth IRA
Replies: 1
Views: 420

Investment advice for newly converted Roth IRA

We recently converted my wife's TIRA to a Roth. It is currently with a discount broker and invested in several somewhat speculative stocks. The value is about $35k. We are in our early 60s and plan on leaving this to our child/grandchildren. We would like to reinvest with less risk and more diversif...
by terpfan71
Wed Mar 09, 2011 8:03 am
Forum: Investing - Help with Personal Investments
Topic: Where to put $40k in emergency funds?
Replies: 23
Views: 12891

I use a low interest (prime -.3%) equity line and overdraft protection. Can basically write a check for up to the LOC. That buys plenty of time to transfer funds to cover the LOC. Interest is deductable as well.
by terpfan71
Fri Feb 18, 2011 1:57 pm
Forum: Investing - Help with Personal Investments
Topic: Zero Cost Basis Stock
Replies: 9
Views: 5320

Re: Zero Cost Basis Stock

...According to current rules, my cost basis is zero. The "current rules" might be wrong. My understanding is that the IRS has appealed the Fisher ruling, and that appeal has not been settled. I agree that the only risk is having to pay the additional taxes and interest, probably not a pe...
by terpfan71
Fri Feb 18, 2011 1:18 pm
Forum: Investing - Help with Personal Investments
Topic: Zero Cost Basis Stock
Replies: 9
Views: 5320

Zero Cost Basis Stock

I acquired approx 5000 shares of MFC via demutualization. According to current rules, my cost basis is zero. I had planned to leave it to my heirs (hopefully 25-30 years from now) so that the cost basis would be normalized then. I have been rethinking this and considering biting the bullet and selli...