Search found 235 matches

by UpsetRaptor
Fri Nov 16, 2018 3:54 pm
Forum: Personal Finance (Not Investing)
Topic: Failed to take RMD for 5 yrs. Inherited IRA from trust.
Replies: 9
Views: 1360

Re: Failed to take RMD for 5 yrs. Inherited IRA from trust.

I just dealt with a similar issue, for a relative. Here's what I did, if it helps:
viewtopic.php?f=2&t=247331
by UpsetRaptor
Fri Nov 16, 2018 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: Relative Never Took RMDs on Inherited IRA From 2004
Replies: 32
Views: 5062

Re: Relative Never Took RMDs on Inherited IRA From 2004

Finally completed all the paperwork and mailed the packet to the IRS. The packet included: - A cover letter with explanation and request of waiver penalty. - The spreadsheet in prior post detailing methodology - A photocopy of the check with the full missing RMD amount withdrawn. - A 5329 form for e...
by UpsetRaptor
Thu Nov 15, 2018 6:10 pm
Forum: Investing - Help with Personal Investments
Topic: First grandchild
Replies: 21
Views: 1670

Re: First grandchild

+1 to the 529 route for grandkids. Education is the best investment. Slightly off-topic (maybe? If so, sorry OP), but question for all you grandparents who are contributing to 529s for grandchildren: Are you the owner of the account, or are you encouraging son/daughter to set up an account and then ...
by UpsetRaptor
Wed Nov 14, 2018 10:53 pm
Forum: Personal Finance (Not Investing)
Topic: rule of thumb for using HSA funds?
Replies: 40
Views: 3244

Re: rule of thumb for using HSA funds?

Personally, I don't find it realistic to save receipts for the 30+ years I would need to in order to maximize the HSA. You do realize you are required to save proof of service (bills, EOBs, etc..) and payment (receipts, financial records, etc..) For at least three years after the tax filing deadlin...
by UpsetRaptor
Wed Nov 14, 2018 10:54 am
Forum: Personal Finance (Not Investing)
Topic: rule of thumb for using HSA funds?
Replies: 40
Views: 3244

Re: rule of thumb for using HSA funds?

Anyone concerned about the "annoyance" of keeping receipts for future HSA use, here's an idea: I just take a pic with my phone, email to my gmail, and I have a subdirectory/label called MedicalExpenses the email gets dragged into. Receipt gets thrown away. On the offchance of a future audit, print t...
by UpsetRaptor
Tue Nov 13, 2018 9:34 am
Forum: Investing - Theory, News & General
Topic: Vanguard investor class shares on their way out?
Replies: 75
Views: 6849

Re: Vanguard investor class shares on their way out?

I'm not sure why anyone with less than $10K would use investor class shares instead of the equivalent but cheaper ETF in the first place.
by UpsetRaptor
Mon Nov 12, 2018 7:44 pm
Forum: Personal Consumer Issues
Topic: Planet Fitness etc.,
Replies: 51
Views: 4357

Re: Planet Fitness etc.,

PF is terrible. Free bagels and donuts, no deadlifting, no squat rack, a few light weights. Hey, we don't care if you actually get fit or fat, but thanks for the business. :moneybag
by UpsetRaptor
Mon Nov 12, 2018 7:39 pm
Forum: Investing - Help with Personal Investments
Topic: Is maxing out Tax defered 401(k) enough?
Replies: 49
Views: 4849

Re: Is maxing out Tax defered 401(k) enough?

If you're able to increase your savings rate at all, through lowered expenses or whatever, you should next consider an annual backdoor Roth, for each you and your spouse.
by UpsetRaptor
Thu Nov 08, 2018 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: Non-qualified 529 distributions due to scholarships
Replies: 19
Views: 1236

Re: Non-qualified 529 distributions due to scholarships

No, you do not pay the 10% tax on the scholarship amount of $12K, you pay the income tax on the earnings for it but no penalty.
by UpsetRaptor
Wed Nov 07, 2018 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: Non-qualified 529 distributions due to scholarships
Replies: 19
Views: 1236

Re: Non-qualified 529 distributions due to scholarships

I looked all over the map, including 26 U.S. Code § 529 - Qualified tuition programs, IRS Pub 970, IRS FAQs and so forth. But I could not find anything that says that 529 distributions must be done in the same year of scholarships in order to receive a waiver of the 10% penalty. It is obviously eas...
by UpsetRaptor
Wed Nov 07, 2018 11:06 am
Forum: Personal Finance (Not Investing)
Topic: Non-qualified 529 distributions due to scholarships
Replies: 19
Views: 1236

Re: Non-qualified 529 distributions due to scholarships

Yes it's calendar year. So if you have a scholarship for $40K total across four school years, the amount of non-penalty non-qualified distributions available is, year by year, $5k-$10K-$10K-$10K-$5K, because of the semester overlap. If that makes sense.
by UpsetRaptor
Wed Nov 07, 2018 10:46 am
Forum: Personal Finance (Not Investing)
Topic: Baby Due in Februrary - High Deductible Plan or High Premium Plan
Replies: 13
Views: 678

Re: Baby Due in Februrary - High Deductible Plan or High Premium Plan

I'd recommend high premium, because regarding childbirth, a lot of things could potentially happen to mom or baby that can jack up costs quick. Even just something like a C-section.
by UpsetRaptor
Mon Nov 05, 2018 11:05 pm
Forum: Investing - Theory, News & General
Topic: Vanguard website "unavailable during weekend of Nov 3"
Replies: 203
Views: 18308

Re: Vanguard website "unavailable during weekend of Nov 3"

Let’s be honest, we’re a bunch of complainers.
by UpsetRaptor
Mon Nov 05, 2018 4:06 pm
Forum: Investing - Theory, News & General
Topic: Do people calculate savings rate on gross income?
Replies: 118
Views: 7366

Re: Do people calculate savings rate on gross income?

If it's calculated based on net income instead of gross income, then our savings rate is going to be 0% forever, despite contributing to a 401k, Roth 403b, a 457, and a pension.
by UpsetRaptor
Mon Nov 05, 2018 12:41 am
Forum: Personal Finance (Not Investing)
Topic: H&R Block 2018 Tax Software Deluxe Federal + State $29.95
Replies: 94
Views: 7854

Re: H&R Block 2018 Tax Software Deluxe Federal + State $29.95

Little off-topic question but didn't want to start a new thread: If I were to be filing taxes this year for both myself and a relative who's not great with money, would I need to purchase two of these, or would I be able to get away with only one? Or does it depend on which type of tax software?
by UpsetRaptor
Fri Nov 02, 2018 3:06 pm
Forum: Personal Consumer Issues
Topic: Weight Training After 70
Replies: 33
Views: 2362

Re: Weight Training After 70

OP, Good for you! No, there is no "single best way to approach this", and that applies to strength training at any age/ability level. The most important factor long-term is motivation and consistency. Try to find a routine you enjoy enough to perform regularly and consistently over time, progressing...
by UpsetRaptor
Fri Nov 02, 2018 3:04 pm
Forum: Investing - Help with Personal Investments
Topic: Panic set in... now what?
Replies: 63
Views: 10938

Re: Panic set in... now what?

Independent George wrote:
Fri Nov 02, 2018 7:53 am
Would an SPIA be good for the OP in these circumstances? I know very little about them, but they seem like a good tool for the risk averse.
+1, good idea.
by UpsetRaptor
Fri Nov 02, 2018 9:03 am
Forum: Investing - Theory, News & General
Topic: Apple's share plummeting: should we 'kick out the largest stock' as Rob Arnott suggests?
Replies: 40
Views: 2058

Re: Apple's share plummeting: should we 'kick out the largest stock' as Rob Arnott suggests?

AAPL also had the biggest market cap 5 years ago. Did the logic to sell apply then as well? It's tripled since.
by UpsetRaptor
Thu Nov 01, 2018 11:33 pm
Forum: Investing - Help with Personal Investments
Topic: Panic set in... now what?
Replies: 63
Views: 10938

Re: Panic set in... now what?

If you're fretting over market gyrations and making panic moves, a wealth adviser may make sense in your case.
by UpsetRaptor
Wed Oct 31, 2018 10:28 pm
Forum: Personal Finance (Not Investing)
Topic: How am I doing thus far and what can I do to reduce taxes?
Replies: 35
Views: 3298

Re: How am I doing thus far and what can I do to reduce taxes?

My employer and I contribute <= 55K in 401k, and I contribute 18500×2 in 403b and 457. Per my company's HR, this is allowed. Regardless of what HR said, this does not sound right. The 403b and 401k share a combined limit, so maxing out employee/employer contribution of 55k in 401k leaves $0 in 403b...
by UpsetRaptor
Wed Oct 31, 2018 9:17 pm
Forum: Investing - Theory, News & General
Topic: Large cap value, small cap, mid cap, etc. index funds
Replies: 15
Views: 991

Re: Large cap value, small cap, mid cap, etc. index funds

Many people spend lots of time trying to find some tilt/factor/industry/whatever to derive an edge over market weight. At the end of the day, it's usually, at best, just modifying a portfolio's risk level upwards to seek commensurate expected higher long-term returns in exchange for the risk. That c...
by UpsetRaptor
Wed Oct 31, 2018 9:42 am
Forum: Investing - Theory, News & General
Topic: Maximum Tax Deferral
Replies: 30
Views: 2997

Re: Maximum Tax Deferral

I'm curious why a person would ask this question. It does not seem optimal to me to try to max this number above a reasonable amount. I agree. At some point, you can have too much in tax advantaged accounts, and face higher taxes once you have to take required min distributions (RMDs) at 70.5 years...
by UpsetRaptor
Wed Oct 31, 2018 12:43 am
Forum: Personal Consumer Issues
Topic: Ancestry DNA changed my background
Replies: 32
Views: 4394

Re: Ancestry DNA changed my background

It's all really a farce, as it's impossible to identify anybody's "true" ancestry as being x y and z percentage of this and that nationalities. Suppose one branch of your ancestors was in the Mesopotamian area during the Stone Age, traveled to the Caspian area around the time of Christ, to the Germ...
by UpsetRaptor
Tue Oct 30, 2018 11:36 am
Forum: Personal Consumer Issues
Topic: Ancestry DNA changed my background
Replies: 32
Views: 4394

Re: Ancestry DNA changed my background

It's all really a farce, as it's impossible to identify anybody's "true" ancestry as being x y and z percentage of this and that nationalities. Suppose one branch of your ancestors was in the Mesopotamian area during the Stone Age, traveled to the Caspian area around the time of Christ, to the Germa...
by UpsetRaptor
Mon Oct 29, 2018 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: Capital Gains Tax Long Term Gains and Short Term Losses
Replies: 4
Views: 432

Re: Capital Gains Tax Long Term Gains and Short Term Losses

Just based on general principle, why would one not always want to: 1) TLH any capital losses as soon as it's viable, short or long 2) Delay realizing any capital gains as long as possible, short or long Short term capital losses are only more valuable than long term if you have short term gains you ...
by UpsetRaptor
Mon Oct 29, 2018 1:24 pm
Forum: Investing - Theory, News & General
Topic: Maximum Tax Deferral
Replies: 30
Views: 2997

Re: Maximum Tax Deferral

My spouse is a public school teacher and has access to: 403b: $18,500 limit now, +6000 when she reaches 50 457: $18,500 limit now, + $6000 when she reaches 50, + $18,500 when she's within 3 years of retirement tIRA: $5,500 All told, that will be $73K space available just for her when the time comes,...
by UpsetRaptor
Fri Oct 26, 2018 1:32 pm
Forum: Investing - Help with Personal Investments
Topic: Best Total International Stock ETF
Replies: 16
Views: 1226

Re: Best Total International Stock ETF

The Best Total International Stock ETF is clearly VTI

*ducks*

:D
by UpsetRaptor
Wed Oct 24, 2018 2:31 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Why International Diversification Works
Replies: 119
Views: 9394

Re: Larry Swedroe: Why International Diversification Works

There seems to be a lot of worry about Japan. But it's worth noting that Japan had CAGR > 20% OVER FORTY YEARS heading into the 90s. I'm not sure how worried I am about that situation being applicable to the US right now.
by UpsetRaptor
Wed Oct 24, 2018 12:30 pm
Forum: Investing - Theory, News & General
Topic: Bonds saved the bacon in the "lost decade" for stocks, but will they do it again?
Replies: 21
Views: 3067

Re: Bonds saved the bacon in the "lost decade" for stocks, but will they do it again?

I wouldn't count on bonds saving the day. As was pointed out, bonds were at 6-7% in 2000 -yields had plenty of room to fall. They don't have very far to fall today but have unlimited room to rise. Plus, rising yields on Treasuries are the plan, and corporate bonds typically follow suit. I believe C...
by UpsetRaptor
Tue Oct 23, 2018 11:41 am
Forum: Investing - Help with Personal Investments
Topic: For those who paid off house - how did you do it?
Replies: 97
Views: 7707

Re: For those who paid off house - how did you do it?

Mortgage interest is a lot less deductible than it used to be for the average taxpayer. It's a risk free after tax return for the portion that is not deductible. If you're paying a 4% mortgage rate and paying 33% in marginal income taxes, and you can't deduct the interest, you're getting 6% risk fr...
by UpsetRaptor
Tue Oct 23, 2018 9:13 am
Forum: Investing - Theory, News & General
Topic: Hedging tomorrow's tax rates
Replies: 32
Views: 2645

Re: Hedging tomorrow's tax rates

This is something I've been trying to wrap my head around. I'm having a real hangup with RMDs. I think taxes are fairly friendly right now, compared to the past. Also, in my phase of life, I have tax benefits which I will not have later (kids, mortgage interest, etc). It seems there would be thresh...
by UpsetRaptor
Mon Oct 22, 2018 10:33 pm
Forum: Investing - Theory, News & General
Topic: Hedging tomorrow's tax rates
Replies: 32
Views: 2645

Re: Hedging tomorrow's tax rates

The top marginal tax rate has steadily dropped since the 30s. Passing on tax deferral thinking taxes will go up has generally been a losing bet for almost a century now.
by UpsetRaptor
Mon Oct 22, 2018 10:23 pm
Forum: Investing - Help with Personal Investments
Topic: For those who paid off house - how did you do it?
Replies: 97
Views: 7707

Re: For those who paid off house - how did you do it?

Mortgage interest is a lot less deductible than it used to be for the average taxpayer. It's a risk free after tax return for the portion that is not deductible. If you're paying a 4% mortgage rate and paying 33% in marginal income taxes, and you can't deduct the interest, you're getting 6% risk fr...
by UpsetRaptor
Mon Oct 22, 2018 9:55 pm
Forum: Investing - Help with Personal Investments
Topic: Timing the market - Some say it’s possible?
Replies: 44
Views: 2785

Re: Timing the market - Some say it’s possible?

Occasionally? Sure, you can get lucky sometimes.

Consistently? Nope.

Even if it works till it doesn't, it'll be a larger portfolio each time, for when the "doesn't" happens...
by UpsetRaptor
Wed Oct 17, 2018 1:50 pm
Forum: Personal Consumer Issues
Topic: Would you ever buy a lottery ticket?
Replies: 32
Views: 1378

Re: Would you ever buy a lottery ticket?

Even though I know it's just a tax on the mathematically challenged, I've spent $10 a few times when it's gotten really high, purely as entertainment value. It's fun to dream/think about what you'd do if you won, which of course you won't, but.....
by UpsetRaptor
Tue Oct 16, 2018 2:27 pm
Forum: Investing - Help with Personal Investments
Topic: Productivity of the 60/40 Split in Current Times
Replies: 6
Views: 1370

Re: Productivity of the 60/40 Split in Current Times

I read the article and the paper it referenced. If you plug a standard 60:40 portfolio and the author's recommended 30:30:20:20 Treasuries:TIPS:Equities:Bonds into portfolio visualizer, the 60:40 comes out ahead fairly easily over most time periods. The author acknowledges this but claims there's a ...
by UpsetRaptor
Mon Oct 15, 2018 11:06 am
Forum: Personal Finance (Not Investing)
Topic: Gift for two of four grandchildren
Replies: 18
Views: 2278

Re: Gift for two of four grandchildren

She can directly fund a 529 account for grandkids' college education. She can open up an account with her as owner, with grandkids as beneficiary, or a parent could open the account, with kids as beneficiary, and grandma directly contributes to that. Lots of grandparents utilize 529s for grandkids c...
by UpsetRaptor
Sun Oct 14, 2018 12:06 pm
Forum: Investing - Theory, News & General
Topic: Better to invest in taxable and not deferred?
Replies: 31
Views: 3149

Re: Better to invest in taxable and not deferred?

what is the flaw in this line of thinking. A few, but the main thing this argument misses is the taxes saved now. $10K invested in tax deferred now will be ~$6K-$8K in taxable, depending on your tax rate. Even IF the taxable comes out at a lower rate in the future, it's not going to catch up to all...
by UpsetRaptor
Wed Oct 10, 2018 11:13 am
Forum: Investing - Theory, News & General
Topic: Kid already in 9th grade, too late to start 529?
Replies: 14
Views: 1716

Re: Kid already in 9th grade, too late to start 529?

Do you have taxable investments? If you shift your taxable investments to 529, you can get tax-free gains. I believe you can TLH 529 if there are losses. https://www.bogleheads.org/forum/viewtopic.php?t=137238 It's a similar strategy as emergency fund placement shifting. https://www.bogleheads.org/...
by UpsetRaptor
Tue Oct 09, 2018 10:02 am
Forum: Investing - Theory, News & General
Topic: Is an emergency fund just about market timing?
Replies: 103
Views: 5707

Re: Is an emergency fund just about market timing?

emergency fund is some of the worst advice ive received here, defintely has hurt my returns So what alternative do you practice? Build up / Set aside a taxable investment account as your e-fund first, until it can function as your e-fund even in the case of a hypothetical 50% drop. Then use the tax...
by UpsetRaptor
Mon Oct 08, 2018 12:01 pm
Forum: Investing - Theory, News & General
Topic: Is an emergency fund just about market timing?
Replies: 103
Views: 5707

Re: Is an emergency fund just about market timing?

emergency fund is some of the worst advice ive received here, defintely has hurt my returns So what alternative do you practice? Build up / Set aside a taxable investment account as your e-fund first, until it can function as your e-fund even in the case of a hypothetical 50% drop. Then use the tax...
by UpsetRaptor
Wed Oct 03, 2018 6:28 pm
Forum: Local Chapters and Bogleheads Community
Topic: Your USER NAME...what does it mean?
Replies: 444
Views: 50739

Re: Your USER NAME...what does it mean?

From a random username generator site. Googled an avatar to match.
by UpsetRaptor
Tue Oct 02, 2018 8:37 am
Forum: Investing - Help with Personal Investments
Topic: Do Bonds Go in Taxable?
Replies: 71
Views: 6707

Re: Do Bonds Go in Taxable?

All other things being equal (which granted they're often not), tIRA vs Roth IRA theoretically doesn't matter for bond placement, if you're re-adjusting to your AA as you go along, and incorporating the tax deferred aspect of the tIRA into your AA calculations. Here's a good explanation: https://ww...
by UpsetRaptor
Tue Oct 02, 2018 8:26 am
Forum: Investing - Help with Personal Investments
Topic: Help with 401k fund choice please!
Replies: 30
Views: 1860

Re: Help with 401k fund choice please!

At 29, I'd go 100% VITPX and call it a day.
by UpsetRaptor
Mon Oct 01, 2018 1:16 pm
Forum: Investing - Help with Personal Investments
Topic: Do Bonds Go in Taxable?
Replies: 71
Views: 6707

Re: Do Bonds Go in Taxable?

About a year ago I ran the math for my situation, using reasonable assumptions, for various scenarios into the future. Bonds in tax-advantaged space did end up coming out ahead in the more likely scenarios, though for the most part it was a bunch of meh. Bonds in 401k vs Roth IRA was also a bunch o...
by UpsetRaptor
Mon Oct 01, 2018 8:57 am
Forum: Investing - Help with Personal Investments
Topic: Do Bonds Go in Taxable?
Replies: 71
Views: 6707

Re: Do Bonds Go in Taxable?

About a year ago I ran the math for my situation, using reasonable assumptions, for various scenarios into the future. Bonds in tax-advantaged space did end up coming out ahead in the more likely scenarios, though for the most part it was a bunch of meh. Bonds in 401k vs Roth IRA was also a bunch of...