Search found 544 matches

by One Ping
Sat Jan 12, 2019 9:53 pm
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion Advice
Replies: 14
Views: 1488

Re: Roth Conversion Advice

One thing to keep in mind is the tax bracket the survivor will be in. While a 65K pension for a couple is in the 12% bracket, if the survivor pension is also 65K, that will likely put them in the 22% bracket, especially when considering any RMDs that will need to be taken. If that's the case, conve...
by One Ping
Sat Jan 12, 2019 9:39 pm
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion Advice
Replies: 14
Views: 1488

Re: Roth Conversion Advice

Based on this advice I plan on updating my IPS to include the following statement (what do you think?): Roth conversions Converting to the top of the 12% bracket is the only sure thing that should be done. The rest of it, 22% now or later at 22 or 25% is in the noise. Uncertainty of the future is a...
by One Ping
Thu Jan 10, 2019 12:10 pm
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion Advice
Replies: 14
Views: 1488

Re: Roth Conversion Advice

I am an 59 yo in first year of retirement and plan on converting 401k and/or tIRA $$ to Roth this year. I would be appreciative criticism, comments suggestions for the best strategy for conversions. I am not to sure much money to convert each year. The tax treatment of 401k to 401k Roth conversions...
by One Ping
Sat Dec 29, 2018 10:02 pm
Forum: Personal Finance (Not Investing)
Topic: Do Roth distributions affect MAGI?
Replies: 16
Views: 1480

Re: Do Roth distributions affect MAGI?

Alan S. wrote:
Sat Dec 29, 2018 8:30 pm
Right.
Being disabled or dead can be substituted for the age 59.5 requirement, but those are not desirable developments.
Agree ... :wink:
by One Ping
Sat Dec 29, 2018 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: Do Roth distributions affect MAGI?
Replies: 16
Views: 1480

Re: Do Roth distributions affect MAGI?

So, for example, suppose I have a $400K Roth IRA consisting of $100K contributions, $100K TIRA to Roth conversions and $200K earnings. I withdraw $300K. Are you saying I will have to pay taxes on $100K of that distribution? How is that any different than a Traditional IRA with a basis (pro-rata rul...
by One Ping
Sat Dec 29, 2018 7:24 pm
Forum: Personal Consumer Issues
Topic: That Extravagant Thing You Do
Replies: 407
Views: 58152

Re: That Extravagant Thing You Do

Ditto on the road trips. Probably 3 or 4 seven to fourteen day trips a year.

Good single malt scotch (Lagavulin 16, Oban, Talisker, Abelour A'bundah and Macallan 18).
Taking in a movie and dinner at a luxury theater a few times a year.
by One Ping
Sat Dec 29, 2018 5:49 pm
Forum: Personal Finance (Not Investing)
Topic: Spousal Social Security question.....
Replies: 12
Views: 732

Re: Spousal Social Security question.....

donall wrote:
Sat Dec 29, 2018 5:39 pm
Even if spouse has never worked, can collect spousal benefit.
https://www.ssa.gov/planners/retire/applying6.html
:oops: D'oh. I must have had a brain cramp ... or a CRS attack. :wink: :beer
by One Ping
Sat Dec 29, 2018 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: Do Roth distributions affect MAGI?
Replies: 16
Views: 1480

Re: Do Roth distributions affect MAGI?

This is another case of having to know exactly what your Roth IRA basis amount is before taking a distribution . Basis equals your regular contributions plus your conversion contributions less amounts you have distributed in the past (reported on Form 8606 Part III). Basis comes out before any of y...
by One Ping
Sat Dec 29, 2018 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: Spousal Social Security question.....
Replies: 12
Views: 732

Re: Spousal Social Security question.....

I will turn 70 in July and will start to draw SS. My wife of 42 years will be 62. She only worked a year or two when we first married and was a stay at home mom. Can she draw a Social Security check? And should she wait until 66 or 70 if so? You have to have 40 quarters to claim your own benefit. I...
by One Ping
Sat Dec 29, 2018 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: Do Roth distributions affect MAGI?
Replies: 16
Views: 1480

Re: Do Roth distributions affect MAGI?

This is another case of having to know exactly what your Roth IRA basis amount is before taking a distribution . Basis equals your regular contributions plus your conversion contributions less amounts you have distributed in the past (reported on Form 8606 Part III). Basis comes out before any of y...
by One Ping
Sat Dec 29, 2018 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: Spousal Social Security question.....
Replies: 12
Views: 732

Re: Spousal Social Security question.....

I will turn 70 in July and will start to draw SS. My wife of 42 years will be 62. She only worked a year or two when we first married and was a stay at home mom. Can she draw a Social Security check? And should she wait until 66 or 70 if so? You have to have 40 quarters to claim your own benefit. I...
by One Ping
Sat Dec 29, 2018 4:57 pm
Forum: Local Chapters and Bogleheads Community
Topic: My favorite Boglehead posters
Replies: 142
Views: 8064

Re: My favorite Boglehead posters

TrevH

I like his 4-fund slice & dice posts ... :beer
by One Ping
Sat Dec 29, 2018 12:11 am
Forum: Investing - Theory, News & General
Topic: Social security deferral and COLA's
Replies: 17
Views: 1350

Re: Social security deferral and COLA's

Your PIA gets a COLA adjustment every year, beginning at age 62, regardless of whether or not you have filed. And you get a certain percentage of your PIA depending on your age when you begin benefits. For example if you begin 24 months after your FRA, you get 116% of your PIA (and that PIA has alr...
by One Ping
Fri Dec 28, 2018 9:44 pm
Forum: Personal Finance (Not Investing)
Topic: QCD, RMD, and Roth conversions
Replies: 36
Views: 1201

Re: QCD, RMD, and Roth conversions

Slightly different question to the knowledgeable group following this thread: I turn 70 in September and 70.5 in March of the following year. The December 31 balance in my IRA determines my RMD. I'd like to do QCDs of the entire amount of my RMD, but not all to the same charity. Is this possible? I...
by One Ping
Fri Dec 28, 2018 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: QCD, RMD, and Roth conversions
Replies: 36
Views: 1201

Re: QCD, RMD, and Roth conversions

The tricky thing to remember is that your first RMD occurs in the YEAR that you turn 70-1/2. If Person A turns 70 on June 1, 2018, any distribution from your IRA in 2018 would count towards an RMD despite the fact that you turn 70-1/2 on December 1, 2018. However, you cannot make a QCD until you ac...
by One Ping
Mon Dec 24, 2018 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: Help with RMD
Replies: 30
Views: 2298

Re: Help with RMD

First of all, there's a big difference between a required minimum distribution (RMD) and a required beginning date (RBD). Second, it's not about the date you turn turn 70-1/2 , it's about the month and the year. Your RMDs begin anytime in the YEAR that you turn 70-1/2. If John is born on January 15...
by One Ping
Sun Dec 23, 2018 11:14 pm
Forum: Personal Finance (Not Investing)
Topic: Help with RMD
Replies: 30
Views: 2298

Re: Help with RMD

technically you have until April 1st of the year following the year in which you turn 70.5. https://www.google.com/search?client=firefox-b-1-ab&q=take+rmd+by+april+1st+following+the+year+in+which+you+turn+70+1%2F2 But if you wait until that year, don't you have to take two RMDs in that year? Correc...
by One Ping
Tue Dec 18, 2018 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: Can I get a quick refund if I file the first week of January
Replies: 10
Views: 1189

Re: Can I get a quick refund if I file the first week of January

Loaded turbotax last night to do some last minute tax planning. It noted that several of the tax forms will not be finalized until later in January. IIRC the last one was coming out around 1/25.
by One Ping
Mon Dec 17, 2018 3:48 pm
Forum: Investing - Help with Personal Investments
Topic: Year end distributions question
Replies: 6
Views: 722

Re: Year end distributions question

Anyone know whst time the dividends/distributions will be posted for those funds with a record date of today? As for "posted", if you mean show some activity about them in your online accounts, then it depends on the brokerage and whether distributions are reinvested, sent to checking account, or s...
by One Ping
Mon Dec 17, 2018 2:44 pm
Forum: Investing - Help with Personal Investments
Topic: Year end distributions question
Replies: 6
Views: 722

Re: Year end distributions question

Anyone know whst time the dividends/distributions will be posted for those funds with a record date of today?
by One Ping
Sat Dec 15, 2018 8:12 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security options for 2 equal-history spouses.
Replies: 20
Views: 1526

Re: Social Security options for 2 equal-history spouses.

^^again, it does not matter. I did run Mike's model and switched the You from Male to Female and the PV math is the same, and that is bcos the annual total benefit for the sole survivor is the same -- its the total of the retirement benefit of whoever files at age 70. The model automatically assume...
by One Ping
Sat Dec 15, 2018 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security options for 2 equal-history spouses.
Replies: 20
Views: 1526

Re: Social Security options for 2 equal-history spouses.

Makes sense to me as that gives, on average, the spouse likely to be the survivor (the female in this case) the larger widow(er) benefit for a longest time. I don't think that should matter as SSA tables are gender neutral. If both spouses have same birthdate and same earnings record, surviving spo...
by One Ping
Sat Dec 15, 2018 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security options for 2 equal-history spouses.
Replies: 20
Views: 1526

Re: Social Security options for 2 equal-history spouses.

Thanks for that! Yep, I've played a bit with Open SS but I was still a little confused. I wasn't sure if one person in a couple could file for spousal benefits in this situation because of the new file-and-suspend ruled for people born after 1954. I also wasn't sure who (or both) had to be beyond F...
by One Ping
Sat Dec 15, 2018 5:52 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security options for 2 equal-history spouses.
Replies: 20
Views: 1526

Re: Social Security options for 2 equal-history spouses.

Let's say hypothetically a couple has identical earning histories and have the same age. How should they approach claiming social security? Is there any advantage to one person claiming first and the other taking a spousal benefit earlier (or something like that)? All the examples I see are for cou...
by One Ping
Fri Dec 14, 2018 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: Joint Life Expectancy Calculator (first- & second-to-die)
Replies: 3
Views: 210

Re: Joint Life Expectancy Calculator (first- & second-to-die)

ObliviousInvestor wrote:
Fri Dec 14, 2018 1:50 pm
#Cruncher here on the forum has a neat spreadsheet that can calculate such (among other things).

You can find it here:
http://eyebonds.info/downloads/pages/Od ... Alive.html
Thanks, Mike!
by One Ping
Fri Dec 14, 2018 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: Joint Life Expectancy Calculator (first- & second-to-die)
Replies: 3
Views: 210

Re: Joint Life Expectancy Calculator (first- & second-to-die)

Okay, not a calculator but a table I found here https://lifeannuities.com/annuity-morta ... -life.html seems to provide some rough data. Seems easy enough to copy the data into excel and build a tool to estimate life expectancies for interpolated ages ... Prolly close enough ...
by One Ping
Fri Dec 14, 2018 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: Joint Life Expectancy Calculator (first- & second-to-die)
Replies: 3
Views: 210

Joint Life Expectancy Calculator (first- & second-to-die)

In another post Mike Piper mentioned that the life expectancies to be considered when looking at social security claiming strategies are the first- and second-to-die joint life expectancies The life expectancies that we are actually concerned with are the first-to-die and second-to-die joint life ex...
by One Ping
Thu Dec 13, 2018 11:31 pm
Forum: Personal Finance (Not Investing)
Topic: Kudos to Mike (OpenSocialSecurity)
Replies: 10
Views: 1385

Re: Kudos to Mike (OpenSocialSecurity)

Just noticed the opensocialsecurity calculator ( https://opensocialsecurity.com ) got a mention on page 10 18 of the December AARP Bulliten as a good online tool to help plan your retirement finances. Kudos, Mike! :beer Thanks, One Ping! I hadn't seen the mention in AARP yet (a little too young to ...
by One Ping
Thu Dec 13, 2018 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: Kudos to Mike (OpenSocialSecurity)
Replies: 10
Views: 1385

Kudos to Mike (OpenSocialSecurity)

Just noticed the opensocialsecurity calculator (https://opensocialsecurity.com) got a mention on page 10 18 of the December AARP Bulliten as a good online tool to help plan your retirement finances.

Kudos, Mike! :beer

Edited to correct page number.
by One Ping
Wed Dec 12, 2018 2:59 pm
Forum: Investing - Theory, News & General
Topic: Updated Vanguard Estimated Year-End Distributions (Div & CG)
Replies: 58
Views: 5108

Re: Updated Vanguard Estimated Year-End Distributions (Div & CG)

Okay so I owned 27,500 shares of vttvx all year.. if a typical quarterly dividend was .3 or 30 cents per share that seems like an awfully high value $33,000 VTTVX pays only one dividend per year. This year it is $0.30 per share. If you own 27,500 shares (about $500,000 @ $17.85/share) your dividend...
by One Ping
Wed Dec 12, 2018 1:36 pm
Forum: Investing - Theory, News & General
Topic: Updated Vanguard Estimated Year-End Distributions (Div & CG)
Replies: 58
Views: 5108

Re: Updated Vanguard Estimated Year-End Distributions (Div & CG)

Sorry, newbie here as far as Dividends. Since everything has been in 401k or IRA for decades I've never paid much attention to dividends. So are you saying take shares owned and multiply by Net income available 12/31/2018, or shares times the net income value TIMES 12 ? Target Retirement 2025 VTTVX...
by One Ping
Wed Dec 12, 2018 1:30 pm
Forum: Forum Issues and Administration
Topic: How do I delete my account?
Replies: 13
Views: 5795

Re: How do I delete my account?

adamthesmythe wrote:
Tue Dec 11, 2018 10:25 pm
Even if all your posts WERE deleted, they would still be available somewhere in cyberspace.

But if you stop posting, eventually we will forget you.
Unless you are the Munchkin Man ... :(
by One Ping
Mon Dec 10, 2018 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: Spousal SS Benefit
Replies: 13
Views: 1258

Re: Spousal SS Benefit

If you click the advanced options checkbox, you can enter an assumed death date to see how that affects the results (among other options). Yup. You can also check a box to look at how a potential reduction in benefits due to exhaustion of the trust fund in ~2034 changes things. I think Mike's tool ...
by One Ping
Mon Dec 10, 2018 7:22 pm
Forum: Personal Finance (Not Investing)
Topic: Spousal SS Benefit
Replies: 13
Views: 1258

Re: Spousal SS Benefit

If the wife's PIA is more than 1/2 the husbands PIA, as above, there is no spousal benefit. Yup, that's why I said she would receive only her own benefit. :D ... will only receive only her own benefit because it is larger than her spousal benefit would be. And the best strategy depends on the expec...
by One Ping
Mon Dec 10, 2018 6:57 pm
Forum: Personal Finance (Not Investing)
Topic: Spousal SS Benefit
Replies: 13
Views: 1258

Re: Spousal SS Benefit

I began collecting Social Security this month at age 70. My spouse, age 60, is eligible for early benefits at age 62 (full retirement benefit at age 67) Her benefit at age 62 will be about $1000 monthly (about $ 1300 to $1400 at age 67). If she takes a spousal benefit at age 62 would that be based ...
by One Ping
Mon Dec 10, 2018 6:27 pm
Forum: Investing - Theory, News & General
Topic: Updated Vanguard Estimated Year-End Distributions (Div & CG)
Replies: 58
Views: 5108

Re: Updated Vanguard Estimated Year-End Distributions (Div & CG)

The estimated dividends for the year states " Dividend amounts are estimated through December 31, 2018, and may change based on the net income a fund actually earns in the month of December." This reads to me to include Decembers dividends on holdings and may change if different than estimates. I k...
by One Ping
Mon Dec 10, 2018 4:55 pm
Forum: Investing - Theory, News & General
Topic: Updated Vanguard Estimated Year-End Distributions (Div & CG)
Replies: 58
Views: 5108

Re: Updated Vanguard Estimated Year-End Distributions (Div & CG)

RickBoglehead wrote:
Mon Dec 10, 2018 4:52 pm
PinotGris wrote:
Mon Dec 10, 2018 4:49 pm
500 Index Admiral VFIAX 12/13 12/17 100% $1.23 — — — 0.00%

Does this mean the total dividends received will number of shares I hold multiplied by 1.23?
Yes
For December
by One Ping
Mon Dec 10, 2018 3:52 pm
Forum: Investing - Theory, News & General
Topic: Updated Vanguard Estimated Year-End Distributions (Div & CG)
Replies: 58
Views: 5108

Re: Updated Vanguard Estimated Year-End Distributions (Div & CG)

:thumbsup Dale_G. I think that's what they are covering by the highlighted part of the statement. :twisted: "Each fund’s year-end income dividend will include net income for the full calendar year, so the amounts shown above will increase by any net income earned in December ." For planning purposes...
by One Ping
Mon Dec 10, 2018 2:43 pm
Forum: Investing - Theory, News & General
Topic: Updated Vanguard Estimated Year-End Distributions (Div & CG)
Replies: 58
Views: 5108

Re: Updated Vanguard Estimated Year-End Distributions (Div & CG)

Just got off the phone with the Vanguard folks. They say that number is the estimated December dividend. To get the year total you need to add what the report shows to the actual dividends paid out earlier in the year. The (poorly written IMO) footnote is just them covering their *** in case it's di...
by One Ping
Mon Dec 10, 2018 2:17 pm
Forum: Investing - Theory, News & General
Topic: Updated Vanguard Estimated Year-End Distributions (Div & CG)
Replies: 58
Views: 5108

Re: Updated Vanguard Estimated Year-End Distributions (Div & CG)

Just checking my understanding of the data shown in the report. There is a note at the end of the report that says ... " Each fund’s year-end income dividend will include net income for the full calendar year, so the amounts shown above will increase by any net income earned in December. " What does...
by One Ping
Mon Dec 10, 2018 1:05 pm
Forum: Investing - Theory, News & General
Topic: Updated Vanguard Estimated Year-End Distributions (Div & CG)
Replies: 58
Views: 5108

Updated Vanguard Estimated Year-End Distributions (Div & CG)

RickBoglehead wrote:
Sun Dec 02, 2018 9:09 am
banjo wrote:
Tue Nov 27, 2018 10:15 pm
Vanguard just came out with their estimates for end of year capital gains distributions. ...
Note that those estimates (November 12th) will be revised on December 10th. ...
Anybody seen the updated estimates yet?
by One Ping
Sun Dec 09, 2018 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax 2019 Availability Date?
Replies: 5
Views: 805

Re: TurboTax 2019 Availability Date?

bob60014 wrote:
Sun Dec 09, 2018 5:18 pm
You do mean TY 2018? :)
Ah, yes ... that explains why I couldn't find it!
Kept seeing 2018 and KNEW I was looking for 2019. :oops:
by One Ping
Sun Dec 09, 2018 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax 2019 Availability Date?
Replies: 5
Views: 805

TurboTax 2019 Availability Date?

Doing a little year-end tax planning. I would like to plug preliminary numbers into TurboTax 2019 (early release version, obviously) to verify my spreadsheet simulation. I think my simulation is correct, but having the 'real deal' to test fly would be nice. Anyone know when it will be available for ...
by One Ping
Sat Dec 01, 2018 5:49 pm
Forum: Investing - Theory, News & General
Topic: Using VPW when I need less than the recommended withdrawal
Replies: 3
Views: 416

Re: Using VPW when I need less than the recommended withdrawal

Consider the VPW amount as a 'recommended maximum withdrawal.' What you don't spend below this amount is, in effect, your option 1.
by One Ping
Sun Nov 11, 2018 10:15 pm
Forum: Investing - Theory, News & General
Topic: The Perfect Portfolio for You
Replies: 27
Views: 4655

Re: The Perfect Portfolio for You

Rick Ferri wrote:
Sat Nov 10, 2018 10:47 pm
One Ping

Great post!

:D
Thanks, Rick!
by One Ping
Sun Nov 11, 2018 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: RMDs in the year one becomes 70 1/2
Replies: 24
Views: 1910

Re: RMDs in the year one becomes 70 1/2

Silk McCue wrote:
Sun Nov 11, 2018 3:56 pm
One Ping wrote:
Sun Nov 11, 2018 3:49 pm
RMDs are due in the year you turn 70.5.
Thanks for catching the typo.

Cheers
:beer
by One Ping
Sun Nov 11, 2018 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: RMDs in the year one becomes 70 1/2
Replies: 24
Views: 1910

Re: RMDs in the year one becomes 70 1/2

Any funds that you withdraw from a retirement account counts toward the RMD. But not conversions. True, ... but RMDs come out first, then conversions. Therefore once you enter the year you turn 70 70.5 you must take an RMD based upon the account balance as of 12/31/prior year. Since you will have d...
by One Ping
Sun Nov 11, 2018 2:56 pm
Forum: Local Chapters and Bogleheads Community
Topic: Armistice Day - 100 years ago today, the ending of World War One
Replies: 10
Views: 811

Re: Armistice Day - 100 years ago today, the ending of World War One

bhsince87 wrote:
Sun Nov 11, 2018 1:34 pm
This is supposedly an audio recording of the moment the war ended.

https://metro.co.uk/2018/11/07/eerie-re ... 1-8114109/
Wow. Very eerie ... especially the bird tweets.

Thanks to all vets for their sacrifices ... past and present.
by One Ping
Sun Nov 11, 2018 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: RMDs in the year one becomes 70 1/2
Replies: 24
Views: 1910

Re: RMDs in the year one becomes 70 1/2

billthecat wrote:
Sun Nov 11, 2018 2:41 pm
testing321 wrote:
Sun Nov 11, 2018 2:34 pm
Any funds that you withdraw from a retirement account counts toward the RMD.
But not conversions.
True, ... but RMDs come out first, then conversions.