Search found 1248 matches

by trueblueky
Tue May 22, 2018 10:21 am
Forum: Investing - Help with Personal Investments
Topic: Retiring in early 2019.
Replies: 15
Views: 1925

Re: Retiring in early 2019.

Thanks trueblueky. Yes conservative. I dont have years on my side to recover stock market losses at this point in my life. I was planning on doubling my stock market exposure from 200k to 400k when I transfer my 401k to Fidelity. The part about CDs vs Bonds I was questioning myself on. When interes...
by trueblueky
Mon May 21, 2018 7:08 pm
Forum: Investing - Help with Personal Investments
Topic: Retiring in early 2019.
Replies: 15
Views: 1925

Re: Retiring in early 2019.

Retiring 1Q2019. Right now I'm all in cash 1.2M with brokered CDs and various bank accounts. 200K in 401k Target fund. Needing around $3200/month in addition to SS age 61 (widow) and small pension. Suggestions on how to achieve what I need and not draw down and run out. Thanks all. I enjoy this for...
by trueblueky
Sun May 20, 2018 4:17 pm
Forum: Investing - Help with Personal Investments
Topic: Newly widowed, how do I invest 1.5 million life ins. proceeds
Replies: 67
Views: 6943

Re: Newly widowed, how do I invest 1.5 million life ins. proceeds

Hello everyone, I am brand new here but have already learned so much by reading the philosophy adopted by those on this board. I could use some collective wisdom. My story: I am a 42 years old and my husband unexpectedly passed away a month ago. We received 1.5 million from his life insurance polic...
by trueblueky
Sat May 19, 2018 9:13 am
Forum: Investing - Theory, News & General
Topic: "Why 97% of People Don't Use 529 College Savings Plans."
Replies: 262
Views: 47029

Re: "Why 97% of People Don't Use 529 College Savings Plans."

In our state at the time, we could contribute in 2010 and take the state tax break. Withdraw that in 2011 tax-free while also contributing for 2011 and getting another state tax break. Top rate 8.8%. You bet we contributed every year while two children went through college. I didn't see any downside.
by trueblueky
Thu May 17, 2018 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: Question for Federal Govt Retirees
Replies: 20
Views: 1291

Re: Question for Federal Govt Retirees

Fully research health insurance choices and options BOTH as a retiree BEFORE and AFTER medicare. Make 100% sure you are insured on the federal plan for 5 years as well as dependents. [A friend of mine was hit with this when he retired and had been on his wife's - not federal - insurance ] I know fe...
by trueblueky
Thu May 17, 2018 12:33 pm
Forum: Investing - Theory, News & General
Topic: Why do so many people quote "You will likely be in a lower tax bracket in retirement"
Replies: 420
Views: 20402

Re: Why do so many people quote "You will likely be in a lower tax bracket in retirement"

By the way, the 401K became popular when the most companies went away from the DBP aka pensions. It is very rare to find good pensions with good 401K plans (and match etc). So definitely your case is very rare. Another factor is that the limits to tax deferred contributions had been quite low thirt...
by trueblueky
Thu May 17, 2018 11:49 am
Forum: Personal Finance (Not Investing)
Topic: Question for Federal Govt Retirees
Replies: 20
Views: 1291

Re: Question for Federal Govt Retirees

-- but remember that the health insurance will no longer be pretax Hadn't heard that before. It is the law for all, not just feds. Health insurance can be pretax from salary. It cannot be pretax from pension. Another caveat on delayed pension is that there is no inflation protection during the year...
by trueblueky
Wed May 16, 2018 9:40 pm
Forum: Investing - Theory, News & General
Topic: Why do so many people quote "You will likely be in a lower tax bracket in retirement"
Replies: 420
Views: 20402

Re: Why do so many people quote "You will likely be in a lower tax bracket in retirement"

If you currently file using married brackets, at some point the survivor of you or your spouse will be filing using single brackets and your rate may be higher. Agree. Since retiring, we are in our lowest tax bracket ever. We went from 25% federal and 8.8% state to 15% (now 12%) federal and 0% stat...
by trueblueky
Wed May 16, 2018 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: Bicycle insurance? when you're in the roadway like a car
Replies: 38
Views: 3095

Re: Bicycle insurance? when you're in the roadway like a car

A female relative was hit by a left-turning motorist while she was walking across the street in the crosswalk with the light. Her auto insurance covered the expenses, and the accident reflected on her driving record. This, in a no-fault state. She was surprised that her auto insurance covered her wh...
by trueblueky
Wed May 16, 2018 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: Question for Federal Govt Retirees
Replies: 20
Views: 1291

Re: Question for Federal Govt Retirees

I'm in exactly the same boat with about 1 year left having just had a birthday this month (I never thought birthdays would matter so much after turning 21!). I don't know about notification of management - I would ask HR that question or hopefully someone else will know the answer. My management he...
by trueblueky
Wed May 16, 2018 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: Question for Federal Govt Retirees
Replies: 20
Views: 1291

Re: Question for Federal Govt Retirees

Apply for the pension estimate now! It will give you a chance to review the records your agency has on your service and to correct any mistakes or omissions. Military service, temporary service, service in multiple agencies, a mix of FERS and CSRS or a mix of law enforcement and non-law enforcement ...
by trueblueky
Wed May 16, 2018 1:51 pm
Forum: Investing - Help with Personal Investments
Topic: Financial Advice for Federal Employee
Replies: 10
Views: 893

Re: Financial Advice for Federal Employee

Steelerfan, You don't need to pay for advice. Figure your military retirement, future FERS retirement, future Social Security, approximate future value of TSP. See what your retirement income would be for various retirement dates. Pick the appropriate L Fund and leave it alone. There are places whe...
by trueblueky
Tue May 15, 2018 11:16 am
Forum: Personal Finance (Not Investing)
Topic: Do you know your marginal tax rate?
Replies: 27
Views: 2870

Re: Do you know your marginal tax rate?

...This is the effective tax rate, not the marginal tax rate. Or even a better description would be “average tax rate for the year”. Agree it’s not the marginal tax rate. The accounting world has specific meanings for certain terms. "Effective tax rate" is accountant speak for average tax rate for ...
by trueblueky
Mon May 14, 2018 7:53 pm
Forum: Investing - Help with Personal Investments
Topic: Financial Advice for Federal Employee
Replies: 10
Views: 893

Re: Financial Advice for Federal Employee

Steelerfan, You don't need to pay for advice. Figure your military retirement, future FERS retirement, future Social Security, approximate future value of TSP. See what your retirement income would be for various retirement dates. Pick the appropriate L Fund and leave it alone. There are places wher...
by trueblueky
Mon May 14, 2018 6:15 pm
Forum: Investing - Help with Personal Investments
Topic: Is Whole Life Insurance Worth It?
Replies: 54
Views: 3860

Re: Is Whole Life Insurance Worth It?

Term is 100% profit for the insurance company
Except for the whole policyholder dying thing.

That's gotta cut into profits.
by trueblueky
Sun May 13, 2018 11:06 am
Forum: Investing - Help with Personal Investments
Topic: Selling shares from taxable, do lot choices matter?
Replies: 9
Views: 368

Re: Selling shares from taxable, do lot choices matter?

Calygos wrote:
Sun May 13, 2018 11:03 am
I'm in the 28% tax bracket, so I'd definitely be paying 15% (is that still right?) on the LTCG. Give me a few minutes and I'll post the lots.
15% until you exceed $479,000 MFJ or $425,800 Single. What is your state tax rate?
by trueblueky
Sun May 13, 2018 11:01 am
Forum: Investing - Help with Personal Investments
Topic: Selling shares from taxable, do lot choices matter?
Replies: 9
Views: 368

Re: Selling shares from taxable, do lot choices matter?

Hi all, This may be a dumb question. I'm considering a purchase of around $4k and thinking of selling shares from my taxable account (100% VTSAX) to fund it. I'd switched cost basis from Average Cost to SpecID last year and there are currently 16 lots with long-term capital gains, with 13 of the lo...
by trueblueky
Sat May 12, 2018 4:12 pm
Forum: Investing - Help with Personal Investments
Topic: Is Whole Life Insurance Worth It?
Replies: 54
Views: 3860

Re: Is Whole Life Insurance Worth It?

Detailed answer, see this lengthy thread: viewtopic.php?f=2&t=57154

Short answer: no.
by trueblueky
Thu May 10, 2018 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: RMDS, Taxes, Social Security timing
Replies: 16
Views: 1704

Re: RMDS, Taxes, Social Security timing

I always recommend using the (free) web based ORP program (www.i-orp.com). It takes into account SS, RMDs, Taxes etc, to find the optimal amount of money available for spending each year, and optimizes from which accounts to draw from. It is very sophisticated and it will do exactly what you are lo...
by trueblueky
Thu May 10, 2018 3:40 pm
Forum: Investing - Help with Personal Investments
Topic: Traditional or Roth TSP with New Tax Brackets?
Replies: 17
Views: 1047

Re: Traditional or Roth TSP with New Tax Brackets?

There is an argument that people who will get a pension should be using more Rothness than people without a pension. This is because it is less likely that any of your TSP/401k/IRA money will ever be taxed at the very low rates - because the pension (and SS when it starts) will fill up the lower ta...
by trueblueky
Tue May 08, 2018 12:04 pm
Forum: Investing - Help with Personal Investments
Topic: When did you start drawing profits from taxable?
Replies: 48
Views: 3237

Re: When did you start drawing profits from taxable?

I was maxing retirement accounts and saving in taxable for future unknown needs for about 15 years. My wife decided we should upgrade our house, so I sold one of my funds (I think it was Janus ww, before I became a boglehrad of course) to add to the down payment. I have now been retired for three y...
by trueblueky
Tue May 01, 2018 9:44 pm
Forum: Personal Finance (Not Investing)
Topic: Asked to be Executor - What questions to ask
Replies: 39
Views: 3387

Re: Asked to be Executor - What questions to ask

What other issues or questions should be concerned with? They are working with an eldercare attorney to update their will, so it has a higher probability of covering most contingencies than many. The #1 question I would ask is whether they've set up EVERYTHING possible as BOD/TOD/POD. IMO, the Will...
by trueblueky
Sun Apr 29, 2018 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: Elimination of unreimbursed employee expenses means no need to keep receipts?
Replies: 4
Views: 653

Re: Elimination of unreimbursed employee expenses means no need to keep receipts?

Tax law has been known to change retroactively. I would keep them for a while.

This change is going to hit some occupations very hard -- truck drivers, for one.
by trueblueky
Sat Apr 28, 2018 10:08 pm
Forum: Investing - Help with Personal Investments
Topic: Requesting help with a retirement mess!
Replies: 16
Views: 2698

Re: Requesting help with a retirement mess!

The REIT may not have lost as much as you think. Each year, a REIT makes a non-taxable distribution of capital in addition to the taxable dividends and capital gain. This return of your investment funds lowers the basis of the REIT, one reason it is good to have REIT in a tax-advantaged space. A RE...
by trueblueky
Sat Apr 28, 2018 12:31 pm
Forum: Investing - Help with Personal Investments
Topic: More aggressive portfolio with a pension?
Replies: 42
Views: 3673

Re: More aggressive portfolio with a pension?

Since most of us have a pension or SS or both, this applies to most people. It applies to nearly all Americans. A FERS retiree with $2500/month in SS, a $2500/month pension and $7500/month in expenses is in the same situation as a retiree with $2500/month in SS and $5000/month in expenses. We would ...
by trueblueky
Fri Apr 27, 2018 5:19 pm
Forum: Investing - Help with Personal Investments
Topic: Requesting help with a retirement mess!
Replies: 16
Views: 2698

Re: Requesting help with a retirement mess!

The REIT may not have lost as much as you think. Each year, a REIT makes a non-taxable distribution of capital in addition to the taxable dividends and capital gain. This return of your investment funds lowers the basis of the REIT, one reason it is good to have REIT in a tax-advantaged space. A REI...
by trueblueky
Fri Apr 27, 2018 5:04 pm
Forum: Investing - Help with Personal Investments
Topic: Requesting help with a retirement mess!
Replies: 16
Views: 2698

Re: Requesting help with a retirement mess!

Since this is new to me, I want to double check my understanding. Do you mean that a $3,000 loss can not be applied to mandatory distributions? As in the mandatory 10% withdrawal after 70? (That's the only one of which I'm aware.) The carryover loss is first applied to capital gains. If any remains...
by trueblueky
Thu Apr 26, 2018 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: How to be a good executor to family
Replies: 44
Views: 3391

Re: How to be a good executor to family

Are there things that the deceased could have done or done better to help out in this process. Cody Don't put everything in TOD if it's not to spouse. The estate will have expenses. A relative with no children left nearly all to only sibling. Easy stuff (bank account, brokerage accounts, CDs, IRA) ...
by trueblueky
Tue Apr 24, 2018 2:33 pm
Forum: Personal Consumer Issues
Topic: Difference in Difficulty Driving Moving Trucks By Size
Replies: 18
Views: 1680

Re: Difference in Difficulty Driving Moving Trucks By Size

Backing up carefully, with a spotter if possible, being mindful of height clearance and picking the right gas station come to mind. I drove a large truck 1500 miles and had no issues until I arrived at my destination and had to back the truck into a small development due to lack of turnaround space...
by trueblueky
Tue Apr 24, 2018 9:00 am
Forum: Investing - Help with Personal Investments
Topic: EXPAT: Strategy when invested in USA and spending in EUROS
Replies: 64
Views: 3896

Re: EXPAT: Strategy when invested in USA and spending in EUROS

EverBank, an FDIC-insured US bank, offers foreign currency CDs. I have not used them and don't know how the yields compare. An expat might want to check it out.
by trueblueky
Sun Apr 22, 2018 8:11 pm
Forum: Investing - Help with Personal Investments
Topic: TSP Allocation at 35
Replies: 20
Views: 1509

Re: TSP Allocation at 35

What do you have outside TSP? G Fund is the best bond fund available. A Roth IRA in the vanguard S&P index fund that I max out every year, taxable index funds I put about 40k into yearly, and an investment property. Don't think of TSP in isolation. Think about your asset allocation overall. From a ...
by trueblueky
Sun Apr 22, 2018 7:53 pm
Forum: Investing - Help with Personal Investments
Topic: TSP Allocation at 35
Replies: 20
Views: 1509

Re: TSP Allocation at 35

What do you have outside TSP?
G Fund is the best bond fund available.
by trueblueky
Fri Apr 20, 2018 12:19 pm
Forum: Investing - Help with Personal Investments
Topic: Brokered CD Interest Compounding
Replies: 13
Views: 1644

Re: Brokered CD Interest Compounding

I have been thinking, ceteris paribus, that a CD with monthly interest payments is marginally better than a CD with semi-annual payments. Example: $100,000 CD @ 2.4% paid monthly is $200 each month. $100,000 CD @ 2.4% paid semi-annually is $1200 twice a year. Interest is the same $2400/year. In the ...
by trueblueky
Thu Apr 19, 2018 9:26 pm
Forum: Personal Finance (Not Investing)
Topic: What is best strategy for taking RMD from VG IRA
Replies: 26
Views: 2154

Re: What is best strategy for taking RMD from VG IRA

Checks can be drawn on money market accounts and some bond funds. There is a minimum check size of $250. Technically, they are drafts, not checks. However, this does not affect the writer of these drafts. A $250 check is not proof for IRS, so you must obtain a receipt from the charity. A $249 check...
by trueblueky
Wed Apr 18, 2018 8:25 pm
Forum: Investing - Help with Personal Investments
Topic: Use Large Tax Refund for HELOC or 529?
Replies: 21
Views: 1251

Re: Use Large Tax Refund for HELOC or 529?

Welcome to the forum :) . How does Virginia tax law treat 529 contributions? Are either of you eligible for a significant pension,in addition to Social Security? Please simply add this to your original post using the edit button (the pencil icon near the upper right corner of your post), it helps a...
by trueblueky
Sat Apr 14, 2018 10:12 pm
Forum: Personal Finance (Not Investing)
Topic: HELP - IRS says I owe close to $12,000 for 2016 taxes
Replies: 26
Views: 4433

Re: HELP - IRS says I owe close to $12,000 for 2016 taxes

Go to IRS.gov and look for "Get Transcript". You should be able to get the last three years quickly that way. See if there are more than three, as transcripts are free. Then submit Form 4506 to request copies of older returns at $50/each.
by trueblueky
Fri Apr 13, 2018 10:52 pm
Forum: Personal Finance (Not Investing)
Topic: HELP - IRS says I owe close to $12,000 for 2016 taxes
Replies: 26
Views: 4433

Re: HELP - IRS says I owe close to $12,000 for 2016 taxes

Do what you can to find the basis. The brokerage may know more than it reported, so ask them. If the shares were bought systematically, say $50/month, use that info. Yahoo finance has excellent price history on stocks. Type Johnson Controls in the text box at https://finance.yahoo.com. Looks like re...
by trueblueky
Fri Apr 13, 2018 10:44 pm
Forum: Personal Finance (Not Investing)
Topic: [Help completing the TN state tax return]
Replies: 73
Views: 2452

Re: How do I know which amounts from my 1099 form make me decide on if I have to pay a state tax return to Tennessee?

Thanks all. So I was told from someone else that all you do is add the Total Ordinary Dividends line from your 1099-DIV box plus only the Interest Income line from the 1099-INT box on the front of the 1099 consolidated forms sheet you get once a year...is that true? If so, that means you don't have...
by trueblueky
Thu Apr 12, 2018 5:33 pm
Forum: Personal Finance (Not Investing)
Topic: [Help completing the TN state tax return]
Replies: 73
Views: 2452

Re: Married filing joint and separate refund coming out roughly the same for each?

IRS Pub 17, section 2 Filing Status, says that you can change your status from MFS to MFJ after the filing date by submitting a 1040X amended form. You may not change from MFJ to MFS after the filing due date. This is an every year rule. Example, you could decide today to file a 1040X for tax year 2...
by trueblueky
Thu Apr 12, 2018 1:39 pm
Forum: Investing - Help with Personal Investments
Topic: Partial shift from bond funds to CD ladder
Replies: 10
Views: 826

Re: Partial shift from bond funds to CD ladder

Depending on your state tax situation, Treasuries of the same term may be better for you than CDs.
by trueblueky
Tue Apr 10, 2018 4:40 pm
Forum: Investing - Help with Personal Investments
Topic: Are there any simple strategies that can help us squeeze better returns?
Replies: 45
Views: 3103

Re: Are there any simple strategies that can help us squeeze better returns?

Spend less.
A dollar earned is 50 cents after FICA, state tax, federal tax.
A dollar saved is 100 cents.
by trueblueky
Sat Apr 07, 2018 3:23 pm
Forum: Investing - Help with Personal Investments
Topic: How can I buy foreign stocks under my own name (not under nominee/street name)?
Replies: 11
Views: 700

Re: How can I buy foreign stocks under my own name (not under nominee)? [Greece]

Should not have anything to do with Greece.
Free movement of capital is an EU right.
by trueblueky
Thu Apr 05, 2018 11:17 am
Forum: Investing - Help with Personal Investments
Topic: Who uses Schwab and what are the up and downsides?
Replies: 41
Views: 2870

Re: Who uses Schwab and what are the up and downsides?

trueblueky, why do you have to use three ETF to get international at Schwab? Is their SWISX not as complete of an international index fund as Vanguard's VGTSX? Thanks! I'm not trublueky, but I had this question as well, so I looked it up. SWISX is really just a large-cap developed market fund, whil...
by trueblueky
Wed Apr 04, 2018 5:31 pm
Forum: Investing - Help with Personal Investments
Topic: Who uses Schwab and what are the up and downsides?
Replies: 41
Views: 2870

Re: Who uses Schwab and what are the up and downsides?

I've used them for many years. Some upsides: +great web site +fantastic customer service (they always answer my questions, if there's a mistake they sometimes give me some free trades -- and that's even if *I* made the mistake) +great trading software. I no longer trade frequently as I'm about to r...
by trueblueky
Tue Apr 03, 2018 6:45 pm
Forum: Personal Finance (Not Investing)
Topic: Retirees: How does your retirement spending compare to pre-retirement spending?
Replies: 48
Views: 6545

Re: Retirees: How does your retirement spending compare to pre-retirement spending?

A couple of years before I retired, I looked at my payslip in detail. Some items go away when you retire (retirement savings, FICA); some increase (health and dental insurance were paid from cafeteria, so not taxed while working, but out of taxable in retirement); some stay the same (LTC insurance)....
by trueblueky
Tue Apr 03, 2018 2:24 pm
Forum: Investing - Help with Personal Investments
Topic: Magic Number - Approach considering Social Security and Pension
Replies: 14
Views: 1448

Re: Magic Number - Approach considering Social Security and Pension

The 1.8 million may be your spend, but it doesn't tell you how much you need to have saved by age 55. You would need to bring all the numbers back to age 55 by removing the inflation portion to know how much you need to have saved by age 55. It's easier in my mind if you would just leave out inflat...
by trueblueky
Mon Apr 02, 2018 10:22 pm
Forum: Investing - Help with Personal Investments
Topic: Corrected 1099-B
Replies: 3
Views: 220

Re: Corrected 1099-B

Just got a corrected1099-B from Vanguard for 2017 that restated, upwards, the short and long term gains on one stock I transacted in 2017. My return was filed and my refund processed about weeks ago. This change will increase my 2017 income taxes about $100. Should file an amended return now, or wa...
by trueblueky
Sat Mar 31, 2018 9:56 am
Forum: Investing - Theory, News & General
Topic: % Portfolio Wieght Concerns?
Replies: 23
Views: 1357

Re: % Portfolio Wieght Concerns?

I'm not concerned, the market weight is the market weight. On another topic, I was always told "I before e, except after c." You have proven that rule wrong with your title. I before e, except after c, or when it sounds like an a, such as neighbor and weigh. Weird is either spelled incorrectly (wie...
by trueblueky
Fri Mar 30, 2018 9:28 pm
Forum: Investing - Theory, News & General
Topic: Tax Reform - Revised Kiddie Tax
Replies: 44
Views: 5020

Re: Tax Reform - Revised Kiddie Tax

Seems the new rules make it less worthwhile to consider moving money into your child's name. Not only are their tax rates potentially worse than their parents on unearned income under the trust tax schedule, estate tax issues are receding as a concern with the higher limits. Also, remember that FAF...