Search found 235 matches

by Retired2013
Thu Apr 30, 2020 2:46 pm
Forum: Investing - Theory, News & General
Topic: If you believing in Timing the market, Would you reduce equity allocation now?
Replies: 110
Views: 7907

Re: If you believing in Timing the market, Would you reduce equity allocation now?

I did and would pull back from a standard AA equity position. I pulled back from 70/30 to 50/50. Rationale: Market is ~13% from peak. Peak was overvalued to begin with. Even assuming it wasn't, the trouble in the economy is clear and undeniable in contrast to pre-COVID conditions. 13% seems like a ...
by Retired2013
Thu Apr 23, 2020 5:33 am
Forum: Personal Finance (Not Investing)
Topic: Work Hours Reduced and then Furloughed
Replies: 37
Views: 5425

Re: Work Hours Reduced and then Furloughed

I get what everyone is saying about filing for unemployment benefits, but I am somewhat embarrassed. I know it’s coming out of my paycheck and all but still. I do not get it- that is exactly what unemployment is for. go do it. +1 Do you think your company is embarrassed for laying you off? No! They...
by Retired2013
Wed Apr 22, 2020 7:19 am
Forum: Personal Finance (Not Investing)
Topic: Delay mortgage payments under CARES Act
Replies: 73
Views: 4760

Re: Delay mortgage payments under CARES Act

I agree, that's why I asked about this specifically and he told me that there is no interest due from the suspension period. I sent an email to him a few minutes ago to confirm everything in writing. I'd ask to see if there is a formal document that they can send you that memorializes the terms of ...
by Retired2013
Wed Apr 22, 2020 6:50 am
Forum: Personal Finance (Not Investing)
Topic: Chase's new instant transfer feature
Replies: 3
Views: 864

Re: Chase's new instant transfer feature

I saw Chase now offers instant transfer to the owner's account at other banks. Chase's FAQ says: What is a real-time transfer? Real-time transfers are a new way to send and receive money within moments, using the U.S. real-time payments network. What is this "real-time payments network"? This optio...
by Retired2013
Tue Apr 21, 2020 4:54 pm
Forum: Personal Finance (Not Investing)
Topic: PPP Payroll Timing Question
Replies: 4
Views: 441

Re: PPP Payroll Timing Question

My husband and I own a small business with less than 10 employees. Last week, we received a PPP loan. I have a question on payroll timing. We received the loan last Friday April 17th. We run payroll twice a month, the 15th and last day of the month. Eight weeks from April 17th is June 12th. We took...
by Retired2013
Tue Apr 21, 2020 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: [Fidelity - Responsibility to track down beneficiaries on death]
Replies: 71
Views: 4206

Re: Surprised that there is no esponsibility to track down beneficiaries on death

The executor has no authority or responsibility with respect to non probate authority including assets that pass under "operation of law", generally via beneficiary designations. However, can a will impose a duty on the executor to "coordinate" the transfer of these assets between the custodian and...
by Retired2013
Fri Mar 27, 2020 4:37 pm
Forum: Investing - Theory, News & General
Topic: [CARES Act] Overview
Replies: 98
Views: 6412

Re: CARE Act Overview

[See below -- moderator oldcomputerguy] Here are some high levels points from the Senate passed CARE Act. 2020 Recovery Rebates for Individuals All US residents with Adjusted Gross Income (AGI) up to $75,000 ($150,000 married filing joint) are eligible for a full stimulus payment of $1,200 ($2,400 ...
by Retired2013
Wed Mar 25, 2020 4:10 pm
Forum: Personal Investments
Topic: Baby conversions tIRA->Roth worth it?
Replies: 17
Views: 608

Re: Baby conversions tIRA->Roth worth it?

I am toying with converting a small amount (low 5 figures, ~2% of my tIRA balance) of tIRA to my Roth now because the market is down, I will have fewer capital gains/dividends in my taxable account this year and I expect my spouse will make less this year due to coronavirus. I've avoided it in the ...
by Retired2013
Wed Mar 25, 2020 4:05 pm
Forum: Personal Investments
Topic: Baby conversions tIRA->Roth worth it?
Replies: 17
Views: 608

Re: Baby conversions tIRA->Roth worth it?

What I did Monday was exchanged in my 401(k) $xxx sold S&P 500 and bought Stable Value. Then in my Vanguard Account (Roth accounts) I exchanged $xxx sold an equal amount of MM and purchased the same amount of S&P 500. The loss in my 401(k) has now been transferred to my Roth so as the market regains...
by Retired2013
Wed Mar 25, 2020 2:54 pm
Forum: Personal Investments
Topic: Baby conversions tIRA->Roth worth it?
Replies: 17
Views: 608

Re: Baby conversions tIRA->Roth worth it?

I am toying with converting a small amount (low 5 figures, ~2% of my tIRA balance) of tIRA to my Roth now because the market is down, I will have fewer capital gains/dividends in my taxable account this year and I expect my spouse will make less this year due to coronavirus. I've avoided it in the ...
by Retired2013
Wed Mar 25, 2020 2:34 pm
Forum: Investing - Theory, News & General
Topic: So bottom is probably behind us....right?
Replies: 709
Views: 63019

Re: So bottom is probably behind us....right?

I believe we'll test the lows again. No earnings out yet and not at the end of the virus, which will spread across the US. As for the bill that is about to pass. Why did they pick a March 24, 2020 date for the business employee count. To me, that means every employee that has already been laid off w...
by Retired2013
Mon Mar 23, 2020 10:04 am
Forum: Investing - Theory, News & General
Topic: Time to Sell tax-defer & buy in Roth
Replies: 9
Views: 603

Re: Time to Sell tax-defer & buy in Roth

I think he may be saying if you already have MM/cash dollars in your Roth and have stock in your TIRA to reposition stock from your TIRA to the ROTH. So basically exchanging stock in TIRA to MM there and also exchange same amount of MM in Roth to stock so 100% of any future recovery gains are reali...
by Retired2013
Mon Mar 23, 2020 8:33 am
Forum: Investing - Theory, News & General
Topic: Time to Sell tax-defer & buy in Roth
Replies: 9
Views: 603

Re: Time to Sell tax-defer & buy in Roth

No not a conversion. I'm selling $xxx of S&P 500 in my tax deferred and then buying the exact same amount in my Roth account. A form of tax loss harvesting?
by Retired2013
Mon Mar 23, 2020 8:29 am
Forum: Personal Finance (Not Investing)
Topic: Roth conversion planning in a bear market
Replies: 63
Views: 4301

Re: Roth conversion planning in a bear market

Addressing the original question regarding converting more dollars due to a market drop: The examples I've done the math on agree with what I've read many times over the years: you benefit from the conversions only when your tax rate is lower at the time of the conversion compared to what your tax ...
by Retired2013
Mon Mar 23, 2020 7:48 am
Forum: Investing - Theory, News & General
Topic: Time to Sell tax-defer & buy in Roth
Replies: 9
Views: 603

Time to Sell tax-defer & buy in Roth

If you have cash / MM available in your Roth accounts, It might be time to TLH. I'm thinking of selling $$ in my 401(k) and buying the same amount in my Roth account. Just a thought for anybody with funds available for buying in the Roth accounts.
by Retired2013
Mon Mar 09, 2020 5:58 am
Forum: Investing - Theory, News & General
Topic: S&P500 Futures halted tonight (3/8)
Replies: 233
Views: 16556

Re: S&P500 Futures halted tonight (5/8)

I believe the technicians would say that, in a correction, they look at the market trying to form a bottom. And one or more successful test(s) of the old lows might be encouragement of putting in a bottom? Or is technical analysis even useful in black swan events like this coronavirus event? March ...
by Retired2013
Fri Jan 31, 2020 6:00 am
Forum: Personal Finance (Not Investing)
Topic: $3 million the new rule of thumb?
Replies: 653
Views: 50647

Re: $3 million the new rule of thumb?

The title of the linked article is "$3 million is the new $1 million". If there was a rule of thumb that $1 million was needed for retirement 45 years ago, and if inflation averaged 2.5% over the last 45 years, then that same rule of thumb should be that $3 million is needed for retirement today. S...
by Retired2013
Sun Jan 26, 2020 2:47 pm
Forum: Personal Investments
Topic: Leaving TIRAs to kids vs.spouse and vs. Roth conversions
Replies: 24
Views: 1232

Re: Leaving TIRAs to kids vs.spouse and vs. Roth conversions

I thought I read once that if the Primary beneficiary declines the asset, then it would go back to the estate? It was noted that the declining beneficiary doesn't get to choose the next beneficiary? So if the parent declines the funds as primary beneficiary, it might not just go to the second benefi...
by Retired2013
Sun Jan 26, 2020 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: Hospice and Medicare Advantage Plans - a little known Catch22
Replies: 79
Views: 4765

Re: A reprise of my mother's hospice and Medicare Advantage plan "catch-22"

Also, the day you sign the person into hospice, any charges for that day are not covered by Medicare Advantage. I signed my family member into hospice late in the day, after running some tests the doctor recommend to help with the decision. Everything done that day, was paid by the Medicare Advantag...
by Retired2013
Sat Jan 25, 2020 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: FICO Changes Could Change Your Credit Score
Replies: 10
Views: 1194

Re: FICO Changes Could Change Your Credit Score

For the past several years, my credit score is 819 on all three agency except Trans union. Trans union fluctuates between 819 & 783. I usually pay the full balance on the day my next statement will print so my balance is $0. I notice that for Trans union, if my utilization is $0, they actually lower...
by Retired2013
Fri Jan 24, 2020 3:04 pm
Forum: Personal Consumer Issues
Topic: Costco Optometrist vs Independent Office Eye dr
Replies: 42
Views: 2902

Re: Costco Optometrist vs Independent Office Eye dr

DW and I go to an ophthalmologist, always have and always will. You only get one set of eyes. My insurance doesn't have eye coverage, yet my doctor excepts my insurance. What doe that mean? When we go, the eye exam includes glaucoma testing. The bill with no insurance is for $225. This bill is sent ...
by Retired2013
Mon Jan 13, 2020 7:52 pm
Forum: Personal Finance (Not Investing)
Topic: ACA ... Asset Allocation backed in a corner
Replies: 65
Views: 4259

Re: ACA ... Asset Allocation backed in a corner

Thanks for the clarification. I understand what the "real" cliff is with the ACA- wasn't sure of the amounts for married, single, etc. A friend of mine is battling with keeping his income low to get the full amount of subsides. That seems kind of self defeating to me to a point- limiting income (wh...
by Retired2013
Mon Jan 13, 2020 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: Family member with almost no retirement savings or assets, what to do?
Replies: 55
Views: 7419

Re: Family member with almost no retirement savings or assets, what to do?

My wife’s aunt (turning 89 next week) receives about $700 SS and a $50 monthly pension. She worked minimum wage jobs her whole life and never legally married her husband. For the past 34 years she has lived in HUD housing and the rent is based on her income. She pays around $100 per month for a very...
by Retired2013
Tue Jan 07, 2020 9:53 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard Beneficiary surprise
Replies: 32
Views: 3531

Re: Vanguard Beneficiary surprise

We ran into this with our taxable Vanguard holdings. We just made sure that our will and standby trust instructions were clear on how those holdings should be distributed. Considering this is really only an issue if the joint holders die together, it wasn’t worth doing something drastic over for ou...
by Retired2013
Tue Jan 07, 2020 9:30 am
Forum: Investing - Theory, News & General
Topic: What do you guys think about a career in insurance sales?
Replies: 80
Views: 5616

Re: What do you guys think about a career in insurance sales?

I try very hard to steer students away from pursuing a 'sports management' type of degree. In the arenas I'm familiar with, the supply of willing applicants far exceeds the number of available jobs. Universities are not doing students most students a service by offering these programs, though the h...
by Retired2013
Tue Jan 07, 2020 8:50 am
Forum: Personal Finance (Not Investing)
Topic: Minor Children as beneficiaries?
Replies: 13
Views: 967

Re: Minor Children as beneficiaries?

If I name a minor child (not my own child) as a beneficiary on one of my accounts, would the funds be automatically disbursed to the parent or guardian? (I realize there may be state differences?) Would I need to establish a trust to avoid that? Appreciate any comments in this area, or any personal...
by Retired2013
Sun Jan 05, 2020 1:57 pm
Forum: Personal Consumer Issues
Topic: Meds from Canadian Mail-Order Pharmacy. Legality? Ethics? Safety? Efficacy?
Replies: 33
Views: 3814

Re: Meds from Canadian Mail-Order Pharmacy. Legality? Ethics? Safety? Efficacy?

You might want to look at My Good Days organization to help pay. My mother had a very expensive drug for her eyes that was covered by Medicare (80%) but not her Medicare Advantage plan. I think her co-pay was around $600 for each time (every 6 weeks) she went to the eye doctor. My Good Days paid the...
by Retired2013
Sun Dec 22, 2019 6:02 pm
Forum: Investing - Theory, News & General
Topic: Tax Law Changes for 2020
Replies: 355
Views: 27974

Re: Tax Law Changes for 2020

Question: We are married with no kids. If we leave the tax-deferred IRA, 401(k) to our siblings, less the 10 years younger, they can use the RMD. When they pass, do their kids, our nephews / nieces then go into the 10 year withdrawal period? Yes. What happens when you have a inherited IRA when that...
by Retired2013
Sun Dec 22, 2019 5:51 pm
Forum: Investing - Theory, News & General
Topic: Tax Law Changes for 2020
Replies: 355
Views: 27974

Re: Tax Law Changes for 2020

Question: We are married with no kids. If we leave the tax-deferred IRA, 401(k) to our siblings, less the 10 years younger, they can use the RMD. When they pass, do their kids, our nephews / nieces then go into the 10 year withdrawal period? What happens when you have a inherited IRA when that benef...
by Retired2013
Sat Dec 21, 2019 7:53 am
Forum: Personal Finance (Not Investing)
Topic: Changes to 401(k) and IRAs, SECURE Act - It's signed
Replies: 292
Views: 23301

Re: Changes to 401(k) and IRAs, SECURE Act - It's signed

The RMD change 70.5 to 72, will extend the RMD requirement by 1 or 2 years depending on when you were born. If You were born in January – June, you benefit by 2 years. If you were born July – December, you benefit by 1 year. The way I’m looking at the elimination of the stretch is this: A Roth accou...
by Retired2013
Fri Dec 20, 2019 11:31 pm
Forum: Investing - Theory, News & General
Topic: Tax Law Changes for 2020
Replies: 355
Views: 27974

Re: Tax Law Changes for 2020

PERSONAL FINANCE Lawmakers may kill this popular retirement tax break for the wealthy PUBLISHED TUE, DEC 17 20194:38 PM EST UPDATED TUE, DEC 17 20195:01 PM EST KEY POINTS • New legislation would severely curtail a popular tax strategy known as the “stretch IRA.” • Inherited IRAs and 401(k) plans wou...
by Retired2013
Fri Dec 20, 2019 7:15 pm
Forum: Personal Finance (Not Investing)
Topic: What is your home's price/value per square foot, and does that make it an investment?
Replies: 79
Views: 4040

Re: What is your home's price/value per square foot, and does that make it an investment?

We were just noted in a publication as the most affordable in the US. I know our area is going for around $100 sqft. New build is going $150 - $200 per sqft. On the down side, we have the most expensive property taxes as a percentage of home cost (4%). I have a 2,500 sqft home valued at $225k with p...
by Retired2013
Sun Dec 15, 2019 1:27 pm
Forum: Personal Investments
Topic: Roth Conversion?
Replies: 8
Views: 676

Re: Roth Conversion?

I was talking to a financial advisor in NC. He told me that the capital gains on the sell of my CA property will not put me in a higher bracket and that I would only have the $30,000 income from my job and investments this year. Can anyone tell me whether he is correct? This is crucial to whether I...
by Retired2013
Mon Dec 09, 2019 6:50 am
Forum: Personal Finance (Not Investing)
Topic: Roth as "inheritance" account - conversion vs gift?
Replies: 7
Views: 500

Re: Roth as "inheritance" account - conversion vs gift?

I offered to match my son's retirement contribution, as he has just started his first full-time job. So I gave him $3,000 and he put in $3,000 for his $6,000 Roth contribution for the year. I think he will be eligible for a saver's tax credit on his taxes. I had my mother give $3,000 to my sister f...
by Retired2013
Sun Dec 08, 2019 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: Follow Up: Husband's Surprise Debts
Replies: 370
Views: 37629

Re: Follow Up: Husband's Surprise Debts

I believe that if you payoff the 1st mortgage, the HELOC moves up to becoming the first mortgage. I don't believe you will then be able to get a new mortgage without closing the HELOC.
by Retired2013
Sun Dec 08, 2019 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: ACA policies - how do you pay for a $0 policy?
Replies: 10
Views: 1114

Re: ACA policies - how do you pay for a $0 policy?

I assume you mean a $0 net payment (after subsidies). I don't understand what problem you are imagining. +1. The insurance company doesn’t care where their money comes from as long as it continues to do so. For a total premium of $300/month, that could end up being anywhere from $0 paid by subsidy ...
by Retired2013
Fri Dec 06, 2019 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: How much money should this retired couple withdraw from their Traditional IRA?
Replies: 11
Views: 1537

Re: How much money should this retired couple withdraw from their Traditional IRA?

If they have ample cash outside of retirement funds to fund expenses, consider a Roth conversion rather than a withdrawal from the Traditional IRA(s). Roth conversion income and Trad IRA withdrawal are taxed the same way, but Roth conversion allows them to keep money in tax advantaged account (Roth...
by Retired2013
Fri Nov 22, 2019 6:14 am
Forum: Personal Finance (Not Investing)
Topic: Who here has Chase Private Client? - I have questions for you
Replies: 14
Views: 3002

Re: Who here has Chase Private Client? - I have questions for you

Just a FYI Not their first try at this! I know people that actually worked on the Brown Co. platform and it was costing too much so they sold it. Sep 30, 2005, 9:17am PDT Updated Sep 30, 2005, 9:18am PDT E-Trade Financial Corp. intends to acquire BrownCo, an online brokerage service of JPMorgan Chas...
by Retired2013
Sun Nov 17, 2019 9:23 am
Forum: Personal Finance (Not Investing)
Topic: Half of Estate in a Trust?
Replies: 28
Views: 1926

Re: Half of Estate in a Trust?

There may be federal and state tax implications of not leaving assets to a spouse. From the OP it is not clear whether the goal is to leave assets for the spouse's benefit but with conditions on management. The post could be read as planning to leave the money to someone or something else. If the l...
by Retired2013
Sat Nov 16, 2019 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: Half of Estate in a Trust?
Replies: 28
Views: 1926

Re: Half of Estate in a Trust?

My wife and I have everything in a joint revocable trust that says the surviving spouse continues as the sole trustee when the first of us dies, so de facto she gets everything with no strings attached. Previously, we had individual revocable trusts that said when either of us died our trust became...
by Retired2013
Fri Nov 15, 2019 4:38 pm
Forum: Personal Finance (Not Investing)
Topic: No Kids Yet - Beneficaries - Who are yours?
Replies: 34
Views: 2776

Re: No Kids Yet - Beneficaries - Who are yours?

I don't want to give to our parents... However, I'd like to give to my brother, but wouldn't be fair since I don't want to give to her brother (deadbeat). It doesn't necessarily have to be fair. Also, "fair" might mean the 90% of martial assets you brought go to your brother. Just an idea. Also, wh...
by Retired2013
Tue Nov 12, 2019 7:41 am
Forum: Investing - Theory, News & General
Topic: Roth Conversion Calculation
Replies: 17
Views: 1625

Re: Roth Conversion Calculation

Are you also looking a tif the conversion moves you into IRMAA status, and how close you are to the next ledge? I am sorry… what is a tif? Neil has a slight typo and just means "at if" (or "to see if"). He is referring to this easy-to-read publication to see if you will have a Medicare surcharge (a...
by Retired2013
Mon Nov 11, 2019 3:50 pm
Forum: Personal Consumer Issues
Topic: Splitting fence cost with neighbor
Replies: 53
Views: 5857

Re: Splitting fence cost with neighbor

Hey folks - lot of helpful info here, but hoping I can get some input on a curious sitch I found myself in. I just moved into a new construction subdivision. Our house is surrounded by homes on all sides and all 3 sides of the fence were built within the last year, i.e. before we were even looking ...
by Retired2013
Mon Nov 11, 2019 6:18 am
Forum: Personal Finance (Not Investing)
Topic: Early Financial Independence. - Healthcare costs
Replies: 65
Views: 5764

Re: Early Financial Independence. - Healthcare costs

Seems like every time I read an entire thread I come away with more questions than answered. I thought we were doing pretty good in terms of healthcare costs, income and over all net worth. Then I read this thread where a lot of people are retiring early, qualifying for Medicaid, keeping their inco...
by Retired2013
Sun Nov 10, 2019 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: strategy check managing MAGI, RMD's etc
Replies: 17
Views: 1117

Re: strategy check managing MAGI, RMD's etc

re: " I don't think it is wise to convert the entire IRA to Roth. If you leave some in IRA, that money can be deducted from taxes (never taxed) later in life when/if there are large medical or long term care bills. Why not leave a buffer (again...never to be taxed!) for possible nursing home or mem...
by Retired2013
Sun Nov 10, 2019 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: Early Financial Independence. - Healthcare costs
Replies: 65
Views: 5764

Re: Early Financial Independence. - Healthcare costs

Seems like every time I read an entire thread I come away with more questions than answered. I thought we were doing pretty good in terms of healthcare costs, income and over all net worth. Then I read this thread where a lot of people are retiring early, qualifying for Medicaid, keeping their inco...
by Retired2013
Sun Nov 10, 2019 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: Early Financial Independence. - Healthcare costs
Replies: 65
Views: 5764

Re: Early Financial Independence. - Healthcare costs

Does your taxable account not throw off any dividends or interest? I’m perplexed how someone can have a taxable savings account that presumably has a balance large enough, or provides enough income, to live off of for several years, but which doesn’t throw off at least $24,000 a year in dividends a...
by Retired2013
Sun Nov 10, 2019 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: strategy check managing MAGI, RMD's etc
Replies: 17
Views: 1117

Re: strategy check managing MAGI, RMD's etc

Sounds like the consensus is we should consider increasing our income to up the Roth conversion, and not worry about the Medicare Premium. I do know if it was only one person that with RMD's we would be over the limit, although I noticed the limit went up for 2020 to 174k (I think I saw that anyway...
by Retired2013
Sun Nov 10, 2019 7:54 am
Forum: Personal Finance (Not Investing)
Topic: Should I buy the family cottage?
Replies: 99
Views: 9256

Re: Should I buy the family cottage?

When I was executor for my mother's cottage, valued at $82K, one sibling was willing to buy at $72k. I figured it was reasonable as I would not have to pay a realtor 7% to sell. The court required all of the siblings to sign-off that they were okay with the price and buyer. Are you willing to have ...