Search found 1126 matches

by trueblueky
Mon Aug 14, 2017 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: Schedule A Tax Modeling for 2017 >age65
Replies: 9
Views: 660

Re: Schedule A Tax Modeling for 2017 >age65

RudyS wrote:
Mon Aug 14, 2017 12:43 pm
Increase the projected medical expenses, so that the allowed deduction reflects 10% rather than 7.5%. Should be straightforward.
The other way around unfortunately. In 2016, you could include medical expenses in itemizing if they were more than 7.5% of AGI (assuming age 65). In 2017, it's 10%.
by trueblueky
Sun Aug 13, 2017 7:06 pm
Forum: Investing - Help with Personal Investments
Topic: TSP Allocation Strategy for the AGRESSIVE Investor
Replies: 36
Views: 2077

Re: TSP Allocation Strategy for the AGRESSIVE Investor

what would be pros and cons of just putting everything into a L fund Pro: * simple way to hold C, S and I stock index funds and C and F bond funds. * automatically becomes less aggressive as one ages * no need to rebalance. Ever. * new contributions can be at the same AA as the existing holding. * ...
by trueblueky
Sun Aug 13, 2017 6:28 am
Forum: Investing - Help with Personal Investments
Topic: [Stashing a windfall in the safest possible place while deciding what to do next]
Replies: 45
Views: 3124

Re: Stashing a windfall in the safest possible place while deciding what to do next

This is what the OP should do: 1) tell no one. Deny it if asked. 2) Depending on whom the monies legally belong to: a) wife only, b) wife and spouse only, c) husband only 2) Open Vanguard brokerage account in exact legal title as the monies are owed to have monies wired to that 4) Instruct Vanguard...
by trueblueky
Sat Aug 12, 2017 9:52 pm
Forum: Investing - Help with Personal Investments
Topic: TSP Allocation Strategy for the AGRESSIVE Investor
Replies: 36
Views: 2077

Re: TSP Allocation Strategy for the AGRESSIVE Investor

Thanks for the responses. My husband is a as a radiologist and is a partner in his practice. He has a sound income and he also maximizes his profit sharing plan. About 54k/year. That was why I was considering eliminating the G and F funds. If he has fixed income in his account, it might be better t...
by trueblueky
Fri Aug 11, 2017 2:22 pm
Forum: Investing - Help with Personal Investments
Topic: What Short-term investment option?
Replies: 12
Views: 902

Re: What Short-term investment option?

Okay thank you, I will bring up the Online savings or CD route. Which probably sounds like the best option, I don't think they ever used an online only bank before, just hope it isn't a hassle to withdraw when the time comes. Don't just pick the one with the highest current rate. See comments about...
by trueblueky
Tue Aug 08, 2017 8:19 pm
Forum: Investing - Help with Personal Investments
Topic: Moving away from EJ to where?
Replies: 28
Views: 2246

Re: Moving away from EJ to where?

If you know what you want and don't need any help, I would rank Vanguard the top due to it's attitude and lowest legitimate costs. But Schwab and Fidelity are going to be close. If you need someone to walk you through getting out of your mix of high priced funds, then Schwab wod probably give you t...
by trueblueky
Tue Aug 08, 2017 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: What criteria warrants a need for Living Revocable Trust?
Replies: 39
Views: 3295

Re: What criteria warrants a need for Living Revocable Trust?

An elderly relative is inheriting her only sibling's estate. Relative is a Georgia resident who spends most of the year in Florida. Houses in both states. Relative has high six figure assets. Inheriting about $500,000 in CDs and bank accounts plus $120,000 paid-off house in a third state plus hard-...
by trueblueky
Tue Aug 08, 2017 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: What criteria warrants a need for Living Revocable Trust?
Replies: 39
Views: 3295

Re: What criteria warrants a need for Living Revocable Trust?

An elderly relative is inheriting her only sibling's estate. Relative is a Georgia resident who spends most of the year in Florida. Houses in both states. Relative has high six figure assets. Inheriting about $500,000 in CDs and bank accounts plus $120,000 paid-off house in a third state plus hard-t...
by trueblueky
Thu Jul 27, 2017 8:45 pm
Forum: Investing - Help with Personal Investments
Topic: Inherited stocks
Replies: 6
Views: 511

Re: Inherited stocks

Please list the stocks, their stepped-up bases, and their current values.
by trueblueky
Tue Jul 25, 2017 8:37 pm
Forum: Personal Finance (Not Investing)
Topic: Is it still worth buying a house in a state with insane property taxes
Replies: 96
Views: 9212

Re: Is it still worth buying a house in a state with insane property taxes

No wonder people are looking to move from Chicago to San Diego: - Terrible weather - Insane property taxes - Crime It's only a matter of time before the city implodes. Don't buy there. Caterpillar just moved its corporate HQ to Chicago area from Peoria. McDonald's moved its corporate HQ from burbs ...
by trueblueky
Tue Jul 25, 2017 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: Can we create a Wiki entry on ACH transfers?
Replies: 15
Views: 2034

Re: Can we create a Wiki entry on ACH transfers?

I like the idea of adding wire transactions as well.

My experience, YMMV, is that wires cost more (ACH are typically free), but are faster than ACH.

Is the increased speed because wires are directly between one place and another, rather than thru a clearing house?
by trueblueky
Mon Jul 24, 2017 5:21 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Inherited IRA Decisions, Early Retirement
Replies: 15
Views: 1134

Re: Help with Inherited IRA Decisions, Early Retirement

My spouse died earlier this year, at 55. Tax Filing Status: Will start filing as widowed with 2018 return (spouse died in 2017) Sorry for your loss before you could enjoy the retirement you had planned together. To be clear, you will file Married Filing Jointly in 2018 for the 2017 tax year. Please...
by trueblueky
Sat Jul 22, 2017 9:38 pm
Forum: Personal Finance (Not Investing)
Topic: Any way to avoid capital gains tax (from K-1) using married filing separately?
Replies: 21
Views: 1126

Re: Any way to avoid capital gains tax (from K-1) using married filing separately?

To answer your title question: Given the situation, MFJ is pretty certain to be better than MFS, but it's not hard to run the numbers both ways to doublecheck. Capital gains that are within the 15% bracket total have no tax. $500,000 is far outside the 15% bracket of any filing status. She'd pay 20%...
by trueblueky
Sat Jul 22, 2017 4:39 pm
Forum: Investing - Help with Personal Investments
Topic: $725,000 Portfolio Review and Suggestions
Replies: 15
Views: 2635

Re: $725,000 Portfolio Review and Suggestions

1) The RMD from the inherited IRA is taxable income. It could be better from tax standpoint to hold bonds in the inherited IRA, so it doesn't grow as fast and doesn't provide as much taxable income. To compensate, change some of the bonds in another account to equities, keeping your total AA the sam...
by trueblueky
Fri Jul 21, 2017 4:48 pm
Forum: Investing - Theory, News & General
Topic: Most Americans don't trust financial advisers
Replies: 64
Views: 6292

Re: Most Americans don't trust financial advisers

few things I found interesting from the article: 1. In fact, my colleague Selena Maranjian reported last year that between 2005 and 2015, an estimated 87,000 financial advisers were found guilty of some form of misconduct. These transgressions ranged from unsuitable advice, to unauthorized activity...
by trueblueky
Wed Jul 19, 2017 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: 1099 vs. W2 for MD
Replies: 6
Views: 702

Re: 1099 vs. W2 for MD

Whitecoat Investor would be someone to ask. You may also want to investigate incorporation. An employer pays Social Security, Medicare on all salary, workers comp (you need your own disability policy either way), and unemployment insurance. The cost to employer becomes less in percentage terms as yo...
by trueblueky
Wed Jul 19, 2017 3:19 pm
Forum: Investing - Theory, News & General
Topic: Expense Ratios, how high is too high
Replies: 72
Views: 4302

Re: Expense Ratios, how high is too high

I believe investors are more sensitive today about expense ratios. Its primarily a result of marginal gains in the market, low rates on money market funds and CDs and investors seem to be better informed. In the 80s the DJI average return was 17.5% a year with CDs paying over 10%. The DJI averaged ...
by trueblueky
Tue Jul 18, 2017 8:15 pm
Forum: Investing - Theory, News & General
Topic: Retirement Withdrawal Sequence/Strategy
Replies: 19
Views: 3587

Re: Retirement Withdrawal Sequence/Strategy

Follow that general advice, but be aware of taxes. If RMDs are going to push you into the 25% bracket once you turn 70.5, why not use some of the space in the 15% bracket? Later, why take from tax-advantaged that would push you into a higher bracket, when you have Roth?
by trueblueky
Tue Jul 18, 2017 12:16 pm
Forum: Investing - Help with Personal Investments
Topic: 3-fund portfolio - bond fund options
Replies: 44
Views: 2144

Re: 3-fund portfolio - bond fund options

Thinking on this a bit more, especially regarding the role of bonds (or bond-like investments) in an AA, I recall that some investors (Michael Kitces for one) like to talk about "human capital" as a bond-like asset for those still working. This of course assumes that you are still working...
by trueblueky
Mon Jul 17, 2017 11:02 pm
Forum: Investing - Help with Personal Investments
Topic: Seeking Feedback on AA and Tax Efficiency
Replies: 6
Views: 459

Re: Seeking Feedback on AA and Tax Efficiency

jester14 wrote: 1. Am I taking the right actions? 2. Is my asset allocation reasonable given my situation and goals? 3. Is my tax efficiency ok? 4. Is my bond strategy ok – half in 401k, half munis in taxable given fees and interest rate risk? 5. Is a slice of REIT appropriate, our just further com...
by trueblueky
Mon Jul 17, 2017 9:40 pm
Forum: Investing - Help with Personal Investments
Topic: Seeking Feedback on AA and Tax Efficiency
Replies: 6
Views: 459

Re: Seeking Feedback on AA and Tax Efficiency

1. Am I taking the right actions? 2. Is my asset allocation reasonable given my situation and goals? 3. Is my tax efficiency ok? 4. Is my bond strategy ok – half in 401k, half munis in taxable given fees and interest rate risk? 5. Is a slice of REIT appropriate, our just further complicating things...
by trueblueky
Sun Jul 16, 2017 7:47 pm
Forum: Investing - Help with Personal Investments
Topic: 3-fund portfolio - bond fund options
Replies: 44
Views: 2144

Re: 3-fund portfolio - bond fund options

What are in the other accounts?
What is your tax rate? That would helps decide taxable or tax-exempt bond fund.
by trueblueky
Sun Jul 16, 2017 7:42 pm
Forum: Investing - Help with Personal Investments
Topic: Can my wife and I afford to retire in one year with our portfolio, pension, social security
Replies: 41
Views: 3854

Re: Can my wife and I afford to retire in one year with our portfolio, pension, social security

You make $260k and plan to live on $54k. That's the part of the plan that seems unrealistic.

Regardless, your assets and pension should easily cover an annual $54k in expenses with adjustments for inflation. Your SS plus pensions are more than your estimated expenses.
by trueblueky
Sat Jul 15, 2017 8:43 pm
Forum: Personal Finance (Not Investing)
Topic: How divide college savings fairly between kids of different ages?
Replies: 9
Views: 963

Re: How divide college savings fairly between kids of different ages?

WildBill wrote:you have the option of transferring funds between accounts also.

^^^
This.

Split evenly now. Adjust later.
by trueblueky
Sat Jul 15, 2017 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: How divide college savings fairly between kids of different ages?
Replies: 9
Views: 963

Re: How divide college savings fairly between kids of different ages?

Split them evenly on the assumption tuition increases and investment gains are a wash. The difference in need may be greater than either, and there's no way to know now. Our guideline was 1/3 savings, 1/3 discounts/scholarships, 1/3 current income. Ended up not needing the whole 1/3 current income.
by trueblueky
Sat Jul 15, 2017 8:42 am
Forum: Personal Finance (Not Investing)
Topic: What am I missing here? [I'm a bachelor]
Replies: 51
Views: 3382

Re: What am I missing here? [I'm a bachelor]

My rule of thumb has always been to buy only if I were staying in that location for at least five years. The commissions and other closing costs make anything shorter a bad deal in most markets. If a house goes from $180,000 when you buy to $200,000 when you sell two years later, how much do you mak...
by trueblueky
Thu Jul 13, 2017 8:45 pm
Forum: Personal Finance (Not Investing)
Topic: Do you count vehicle equity in net worth?
Replies: 203
Views: 9696

Re: Do you count vehicle equity in net worth?

Yes, mainly so I can see what the increase in my networth is year over year accurately by counting it and then depreciating it each year. If I didn't count cars in networth then there'd be a ~40k cash outflow the year you buy a car with no asset and it makes it look like the net worth didn't increa...
by trueblueky
Thu Jul 13, 2017 8:36 pm
Forum: Personal Finance (Not Investing)
Topic: Moving stepfather into long term care facility. Need advice.
Replies: 17
Views: 1925

Re: Moving stepfather into long term care facility. Need advice.

So sorry. We had similar situation. What does his LTC insurance pay per day? How long will that last at the facility? Around here, memory care would be around $7,000/month, but that varies widely. How much of the difference does SS/pension cover? In our experience, when someone is in LTC permanently...
by trueblueky
Thu Jul 13, 2017 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Selling Property With Two Houses / Capital Gains
Replies: 10
Views: 596

Re: Selling Property With Two Houses / Capital Gains

I am trying to figure out my capital gains exclusion and how much I qualify for. I bought a property with 2 houses and closed escrow 9/18/2013 for $600,000 After making some repairs/ improvements I rented house #1 on 4/01/2014 it has a current lease until end of May 2018 so total days rented will b...
by trueblueky
Thu Jul 13, 2017 12:38 pm
Forum: Investing - Theory, News & General
Topic: Why Simple beats complex
Replies: 71
Views: 6839

Re: Why Simple beats complex

2-fund is simple. 3-fund is simple. The 4-fund that VG recommends is simple. Every week we have people come to this board with portfolios that are not simple. They have 8 funds in one account, 12 in another and individual stocks in a third. They might have three tax-advantaged accounts from past job...
by trueblueky
Wed Jul 12, 2017 3:42 pm
Forum: Investing - Theory, News & General
Topic: Why Simple beats complex
Replies: 71
Views: 6839

Re: Why Simple beats complex

A minister of ours once said that it's easy to write a 45-minute sermon. What takes all week is getting it down to fifteen.

Often it takes work to make things simple. Figuring out the Pythagorean theorem the first time was hard. Using it now is simple.
by trueblueky
Tue Jul 11, 2017 10:10 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts on individual dividend investing?
Replies: 80
Views: 5436

Re: Thoughts on individual dividend investing?

Hypothetically speaking on dividends alone, if you put 10k in, after 10 years youve nearly doubled your money alone off dividends. Thoughts on this? Q. What do you think happens to the price of your stock after the dividend is paid? A. The price of the stock drops in exactly the same amount of the ...
by trueblueky
Tue Jul 11, 2017 6:44 pm
Forum: Investing - Theory, News & General
Topic: Why Simple beats complex
Replies: 71
Views: 6839

Re: Why Simple beats complex

SO... Does anyone have data to support simple beats complex if all is the same? Any study showing if a simple and complex portfolio is used the simple beats out majority of time as long as nothing else is different? Isn't the burden of proof the other way around? Why should I complicate my life? Wh...
by trueblueky
Mon Jul 10, 2017 4:07 pm
Forum: Investing - Help with Personal Investments
Topic: Quick Questions about CD's (3m vs 1yr)
Replies: 5
Views: 282

Re: Quick Questions about CD's (3m vs 1yr)

leo28 wrote:ok thank you, then why don't they just write it as 0.3%?

The annual percentage yield is comparable across times. T
Do you want to tie your money up for an extra year to get 0.2% more each year (the difference between a four-year and five-year CD sometimes)?
by trueblueky
Mon Jul 10, 2017 3:56 pm
Forum: Investing - Help with Personal Investments
Topic: Quick Questions about CD's (3m vs 1yr)
Replies: 5
Views: 282

Re: Quick Questions about CD's (3m vs 1yr)

APY is 1.2%.
You would get 1/4 of that after 3 months.
by trueblueky
Mon Jul 10, 2017 3:52 pm
Forum: Investing - Theory, News & General
Topic: Dividend Misunderstandings & Only Spend Return
Replies: 282
Views: 15234

Re: Dividend Misunderstandings & Only Spend Return

DMW Not everybody is taxed at a higher rate on dividends, maybe you but not me. If i could have a $100 dollars every time i hear or read that statement then maybe it might be true. Too many people on this mess board live in a bubble. If you in the 15% or less tax bracket its the same. You are absol...
by trueblueky
Sun Jul 09, 2017 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: Anybody retired and relocated + bought a new house?
Replies: 26
Views: 2589

Re: Anybody retired and relocated + bought a new house?

We retired, relocated and bought a new house before we sold the old one. One thing I did not count on is that new state would not give us homestead exemption until the house in old state sold, since it had had a homestead exemption. It didn't matter that we were living in new state year-round. Homes...
by trueblueky
Sun Jul 09, 2017 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited farmland: Should we sell or keep?
Replies: 51
Views: 11489

Re: Inherited farmland: Should we sell or keep?

I just inherited farmland with my siblings and we are in a similar situation. I understand that if we sell there should be no capital gains as the values is stepped up to date of death. My question is if we sell it now, are there any other factors like depreciation that we need to be aware of. Sinc...
by trueblueky
Fri Jun 30, 2017 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: Fixed Indexed Annuity [rollover from TSP?]
Replies: 12
Views: 569

Re: Fixed Indexed Annuity [rollover from TSP?]

3) The TSP restrictions are not that onerous and there are work arounds. If you are really concerned about flexibility, move a couple hundred thousand out of TSP into a rollover IRA. But TSP has excellent, very low cost funds and I would not abandon it without good reason. +1 I'm federal annuitant,...
by trueblueky
Fri Jun 30, 2017 2:06 pm
Forum: Investing - Theory, News & General
Topic: Good Article on Bubbles and Staying the Course
Replies: 27
Views: 3308

Bubbles

http://www.collaborativefund.com/blog/t ... le-things/

An outstanding explanation of why market bubbles, and a call to stay the course anyhow.
by trueblueky
Tue Jun 27, 2017 8:14 pm
Forum: Personal Finance (Not Investing)
Topic: Federal Retiree Health Care with/Medicare
Replies: 51
Views: 3429

Re: Federal Retiree Health Care with/Medicare

FEGLI life insurance is also a good example of how the underwriting is not solely risk-driven: no age and gender distinctions (which would normally be taken into account), no medical underwriting; and no distinctions between employees and retirees. FEGLI costs more as you age. Some of the increases...
by trueblueky
Tue Jun 27, 2017 5:33 pm
Forum: Personal Finance (Not Investing)
Topic: Federal Retiree Health Care with/Medicare
Replies: 51
Views: 3429

Re: Federal Retiree Health Care with/Medicare

FEGLI life insurance is also a good example of how the underwriting is not solely risk-driven: no age and gender distinctions (which would normally be taken into account), no medical underwriting; and no distinctions between employees and retirees. FEGLI costs more as you age. Some of the increases...
by trueblueky
Mon Jun 26, 2017 8:31 pm
Forum: Personal Finance (Not Investing)
Topic: Federal Retiree Health Care with/Medicare
Replies: 51
Views: 3429

Re: Federal Retiree Health Care with/Medicare

It's not for my family yet, but the Aetna policy that is meant for federal retirees is worth investigation.
by trueblueky
Sat Jun 24, 2017 11:43 am
Forum: Investing - Help with Personal Investments
Topic: Is my pension a Fixed asset?
Replies: 37
Views: 2491

Re: Is my pension a Fixed asset?

Numbers may help. Here are some scenarios: 1) $60,000 annual spending; $40,000 COLA'd DB pension; $500,000 IRA. Here the pension leaves $20,000 needed from the IRA, which is 4%. This individual cannot afford to be 100/0 or 0/100 stocks/bonds. Either is too risky. 2) $60,000 annual spending; $40,000 ...
by trueblueky
Sat May 27, 2017 8:07 pm
Forum: Investing - Help with Personal Investments
Topic: 5 year C.D. rates-suggestions?
Replies: 4
Views: 1030

Re: 5 year C.D. rates-suggestions?

If you qualify for membership, MidFlorida CU has a 2.5% 5-year. They are easy to work with.
by trueblueky
Tue May 23, 2017 7:39 pm
Forum: Investing - Help with Personal Investments
Topic: A gem Livesoft uncovered
Replies: 64
Views: 11497

Re: A Gem from Livesoft

I ran across this gem from Livesoft in another thread. So I would read this series if you haven't already done so: m https://earlyretirementnowdotcom.files.wordpress.com/2016/11/swr-part1-table1.png They assume bonds return 0% real for the next 10 years before returning to historical average. That ...
by trueblueky
Fri May 19, 2017 10:28 pm
Forum: Investing - Theory, News & General
Topic: I'm hearing conflicting advice on putting bonds in tax-protected accounts....?
Replies: 20
Views: 2685

Re: I'm hearing conflicting advice on putting bonds in tax-protected accounts....?

tax-deferred (401k, tIRA...): equities tax-free (Roth IRA,...): equities taxable: municipal bonds + equities I like this delineation of the three types of accounts: Tax-Deferred, Tax-Free, Taxable Would like to encourage the wiki folks to use these categories as well. It looks more tidy. Or you can...
by trueblueky
Wed May 17, 2017 2:00 pm
Forum: Investing - Theory, News & General
Topic: How to construct an index from a set of stocks?
Replies: 3
Views: 416

Re: How to construct an index from a set of stocks?

You could add the market caps. Then drop enough digits to get a number between 100 and 10,000. This has the advantage of showing the market cap. Or make the starting value 1000 by dividing the initial market cap by itself, then multiplying by 1000. This has the advantage of quickly showing the chang...
by trueblueky
Wed May 17, 2017 1:52 pm
Forum: Investing - Help with Personal Investments
Topic: When to take interest in a CD?
Replies: 18
Views: 1594

Re: When to take interest in a CD?

I think if I do annual interest, I would not have to pay taxes on it until 2018 (since I started the CD in 2017). If however I do monthly interest, I would incur some tax in for 2017, is that correct? Yes. Monthly interest you receive in 2017 will be taxable income for the 2017 tax year, which you ...