Search found 1488 matches

by Silk McCue
Sat Dec 15, 2018 8:09 pm
Forum: Investing - Help with Personal Investments
Topic: Socially Responsible Funds
Replies: 3
Views: 204

Re: Socially Responsible Funds

I would recommend that you edit your original post and include full fund names in addition to the symbol and the Expense Ratio for each fund. Folks here are willing to help but will likely move along without and not spend therir time looking up the information. Also you should provide more specific ...
by Silk McCue
Sat Dec 15, 2018 7:22 pm
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion No Brainer?
Replies: 40
Views: 1796

Re: Roth Conversion No Brainer?

Would it be ok to have our cash in a Roth 3-4 years, I'm taking out 3000 a month from Ira but only using about 1500 the rest is going into banking a 0%. I'm thing about putting 3000 monthly to Roth then take what I need. I'm 66 not taking SS until 70. Have 2.2 m I also put in$30000 in Roth each yea...
by Silk McCue
Sat Dec 15, 2018 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security options for 2 equal-history spouses.
Replies: 14
Views: 657

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

Check out Mike Piper's Open Social Security Calculator. Just a guess but based on a few scenarios I've run, one would file at full benefits and the spouse would file for spousal benefits at the same time. The spousal benefit recipient would delay to 70 to file for their own benefits. As to who woul...
by Silk McCue
Sat Dec 15, 2018 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion No Brainer?
Replies: 40
Views: 1796

Re: Roth Conversion No Brainer?

Also, I never said that we would convert all of our tax-deferred assets into Roth accounts, only one traditional IRA that is a rollover from a prior 401k. At most, only 25% of our portfolio will be in Roth accounts by the time I retire. There's a good possibility that we'll be able to fill up the 1...
by Silk McCue
Sat Dec 15, 2018 10:00 am
Forum: Investing - Help with Personal Investments
Topic: 401k Investment question - undisclosed expenses?
Replies: 1
Views: 174

Re: 401k Investment question - undisclosed expenses?

One possibility is that the Funds performance is based upon point to point for the whole period. Your personal performance is based upon the impact of purchases along the way at vary price points, some up and some down, which could explain the difference. I would check to see if their site provides ...
by Silk McCue
Sat Dec 15, 2018 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion No Brainer?
Replies: 40
Views: 1796

Re: Roth Conversion No Brainer?

Thanks for the explanation. I too use i-orp, but haven't yet gone to the longform. I think I need to dive deeper. I don't know enough yet to understand why you wouldn't convert all you could??? One reason is that if you can make once you reach 70.5 you can make charitable donations via a Qualified ...
by Silk McCue
Sat Dec 15, 2018 9:31 am
Forum: Investing - Theory, News & General
Topic: Rate of Return on Vanguard Phone App
Replies: 1
Views: 263

Re: Rate of Return on Vanguard Phone App

I took a look at this on my iPhone and found that I had a small negative rate of return when using 1 Year as you did. However the "*" on the Rate of Return as noted in the Disclosures link at the bottom of the screen states "*Rate of return as of 11/30/2018". Under a separate Description of "Rate of...
by Silk McCue
Fri Dec 14, 2018 6:00 pm
Forum: Personal Finance (Not Investing)
Topic: Withholding options
Replies: 4
Views: 272

Re: Withholding options

to what extent can I adjust them? I can claim up to 99 exemptions without consequence?? Yes, without consequence as long as you withhold your taxes throughout the year. What you do to make it happen on the form is inconsequential. Doing so in such a way that the result is proper withholding for the...
by Silk McCue
Fri Dec 14, 2018 4:34 pm
Forum: Personal Consumer Issues
Topic: Is it difficult to change a baby's legal name?
Replies: 69
Views: 2531

Re: Is it difficult to change a baby's legal name?

I just was just thinking about how I would feel if I learned I was originally named "Ben" rather than "Silk McCue". Quite honestly I think it would be disconcerting. Whatever you do stick with it.

Congratulations by the way!

Cheers
by Silk McCue
Fri Dec 14, 2018 4:20 pm
Forum: Personal Consumer Issues
Topic: Is it difficult to change a baby's legal name?
Replies: 69
Views: 2531

Re: Is it difficult to change a baby's legal name?

We are an Asian family and tend to give a lot of weight to the meaning of a name in our culture, but I hear that is not really the case in America, so perhaps that should not be the deciding factor.. If we pick James, we'd like him to be called James and not Jim or Jimmy. Is it inevitable that some...
by Silk McCue
Fri Dec 14, 2018 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: Withholding options
Replies: 4
Views: 272

Re: Withholding options

I'm sorry but this post left me a bit confused as I don't understand exactly what the questions is. However, I can tell you that if you can properly estimate your next years tax withholding obligations you should be able to adjust both of your withholdings in order to take just the amount needed to ...
by Silk McCue
Fri Dec 14, 2018 10:43 am
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion No Brainer?
Replies: 40
Views: 1796

Re: Roth Conversion No Brainer?

Thanks all. Just so I get this straight in my head WHY this is a "no brainer". Is it simply because it'll reduce RMDs way down the road and in doing so avoid higher tax brackets with so much in traditional IRA? Due to the taxation of Social Security benefits large RMD's can quickly cause each addit...
by Silk McCue
Fri Dec 14, 2018 9:59 am
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion No Brainer?
Replies: 40
Views: 1796

Re: Roth Conversion No Brainer?

It's a no-brainer in the 12% bracket considering your large Traditional IRA holdings. We are 57/59 started converting 3 years ago and will do so until age 68/70 when Social Security kicks in. At that point or Traditional IRA's will be reduced such that the taxes on RMDS will avoided as we fully cons...
by Silk McCue
Fri Dec 14, 2018 9:45 am
Forum: Investing - Theory, News & General
Topic: Having the self-discipline to stay the course -- do you take pride in it?
Replies: 16
Views: 1023

Re: Having the self-discipline to stay the course -- do you take pride in it?

From what some are saying Pride evidently is a dirty word. You can take pride in what you have achieved without being prideful, boastful or arrogant. You can be be proud of others without idolizing them. If it makes someone uneasy to take pride in something then maybe you can just say "I'm tickled p...
by Silk McCue
Fri Dec 14, 2018 9:31 am
Forum: Personal Consumer Issues
Topic: International car rental fine: ignore?
Replies: 6
Views: 733

Re: International car rental fine: ignore?

You just received the letter saying they would charge your card of record. They will either do that now or they won't. They will either send you another communication or they won't. You did nothing wrong in declining a charge you honestly thought was fraudulent weeks ago. From what you shared I woul...
by Silk McCue
Fri Dec 14, 2018 8:59 am
Forum: Investing - Help with Personal Investments
Topic: any way to avoid/delay taxes - selling stock
Replies: 4
Views: 372

Re: any way to avoid/delay taxes - selling stock

yes - I give to charity - but not to the tune of 85k - (not that you meant that) - basically just looking for a what of transferring to a different asset and delaying the capital gains tax-(not necessarily the tax, but the effects on my MAGI) but like I said, likely not possible Unfortunately you a...
by Silk McCue
Fri Dec 14, 2018 8:36 am
Forum: Investing - Help with Personal Investments
Topic: Taxes on interest income
Replies: 1
Views: 216

Re: Taxes on interest income

If you have no other taxable income your $12,000 standard deduction will consume this interest and no taxes will be due.

Cheers
by Silk McCue
Fri Dec 14, 2018 8:29 am
Forum: Investing - Help with Personal Investments
Topic: Long term capital gains tax help
Replies: 7
Views: 308

Re: Long term capital gains tax help

This thread contains the answer that you are looking for. https://www.bogleheads.org/forum/viewtopic.php?t=249104 The definitive answer provided by Gill is: Just make sure your withholding equals 2017 tax and you’re home free. No need to pay anything else until next April. Gill If you will not have ...
by Silk McCue
Fri Dec 14, 2018 7:01 am
Forum: Personal Consumer Issues
Topic: Convert to platform bed or good boxspring
Replies: 4
Views: 535

Re: Convert to platform bed or good boxspring

Buy a King Bunkie Board to sit on top of the slats. It will do the trick. You won't need any additional slats.

Cheers
by Silk McCue
Thu Dec 13, 2018 7:24 pm
Forum: Investing - Help with Personal Investments
Topic: any way to avoid/delay taxes - selling stock
Replies: 4
Views: 372

Re: any way to avoid/delay taxes - selling stock

If you give to charity on a regular basis you can transfer the stock into a DAF and benefit from the tax deduction this year. Giving incrementally rather than all at once is an option as well.

Cheers
by Silk McCue
Thu Dec 13, 2018 7:15 pm
Forum: Investing - Help with Personal Investments
Topic: One Day difference between same Mutal Fund and ETF
Replies: 6
Views: 382

Re: One Day difference between same Mutal Fund and ETF

Because VTIAX is based on the underlying value of the real prices of the funds held at the end of the close of the market and VXUS is based on what some bright or ignorant person was willing to pay for it for the same bundle of stocks.

Cheers
by Silk McCue
Thu Dec 13, 2018 7:02 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Claiming dilemma-Would love opinions
Replies: 26
Views: 2416

Re: Social Security Claiming dilemma-Would love opinions

Opensocialsecurity.com is an excellent tool provided by published Author and Bogleheads member Mike Piper. Only you can know what other sources of income you have (pension, annuities, massive or minimal IRAs both traditional and Roth along with Taxable, life insurance, long term care Insurance, real...
by Silk McCue
Thu Dec 13, 2018 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Claiming dilemma-Would love opinions
Replies: 26
Views: 2416

Re: Social Security Claiming dilemma-Would love opinions

March 2018 has already passed. Please edit the post to clarify your age or that date.

Cheers
by Silk McCue
Thu Dec 13, 2018 3:59 pm
Forum: Investing - Theory, News & General
Topic: General investing books. 1. General Investing Books 2. History of Investing 3. Portfolio Allocation
Replies: 4
Views: 279

Re: General investing books. 1. General Investing Books 2. History of Investing 3. Portfolio Allocation

This Bogleheads Wiki page has a plethora of recommended reading that will cover most all you want to know and even more than you have thought of. https://www.bogleheads.org/wiki/Books:_recommendations_and_reviews For many of terms you listed you will find thorough write-ups on Investopedia.com https...
by Silk McCue
Thu Dec 13, 2018 1:11 pm
Forum: Investing - Help with Personal Investments
Topic: Can you "un-cash" savings bonds?
Replies: 2
Views: 372

Re: Can you "un-cash" savings bonds?

Any chance he has a taxable investment with some lots that could be Tax Loss Harvested? I don't know his age but if he already has earned income he could reduce MAGI with a Traditional IRA.

Cheers
by Silk McCue
Thu Dec 13, 2018 12:28 pm
Forum: Investing - Help with Personal Investments
Topic: Can you "un-cash" savings bonds?
Replies: 2
Views: 372

Re: Can you "un-cash" savings bonds?

Unfortunately you can't unring that bell.

Do you know what the financial consequences are of exceeding the MAGI he wanted to stay under? If they aren't significant the there is no need to pursue this.

Cheers
by Silk McCue
Thu Dec 13, 2018 11:48 am
Forum: Personal Consumer Issues
Topic: Anything to prevent switching iPhones?
Replies: 10
Views: 927

Re: Anything to prevent switching iPhones?

If the phone that you purchase is unlocked and Verizon compatible it will work.

Here is a good article for your review.

https://www.justaskgemalto.com/us/can-i ... new-phone/

Obviously keep the old phone in case your wife leaves the company.

Cheers
by Silk McCue
Thu Dec 13, 2018 7:16 am
Forum: Investing - Theory, News & General
Topic: Vanguard Charitable Website Improved
Replies: 5
Views: 564

Re: Vanguard Charitable Website Improved

Thanks for the report of your experience. Hopefully you are actually experiencing an improved experience. We will be setting up a DAF in 2 years to fund our charitable giving until RMDs are due when we will use QCD's (about 8 years at that point). We invest with Vanguard but will have to decide whet...
by Silk McCue
Wed Dec 12, 2018 8:43 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth IRA logistics
Replies: 4
Views: 345

Re: Backdoor Roth IRA logistics

Welcome to Bogleheads! I see that this is your first post since joining.

We have a Wiki that covers this is in detail.

https://www.bogleheads.org/wiki/Backdoor_Roth_IRA

Cheers
by Silk McCue
Wed Dec 12, 2018 8:25 pm
Forum: Personal Consumer Issues
Topic: Any states not required 150 credit hours to be licensed as a CPA?
Replies: 4
Views: 650

Re: Any states not required 150 credit hours to be licensed as a CPA?

30 seconds of web searching finds. Currently, the U.S. Virgin Islands is the only U.S. jurisdiction that does not require at least 150 hours of education for licensure. Edit - looks like you have to be a resident of the USVI. It also appears that Guam may be your only option without moving. Check th...
by Silk McCue
Wed Dec 12, 2018 2:03 pm
Forum: Investing - Help with Personal Investments
Topic: RMD Question
Replies: 11
Views: 629

Re: RMD Question

Thanks again Silk and Sport, I think I may just take a second withdrawal this year to help stay in the 12% tax bracket. Great that certainly is tax wise. On a related note. I assume you know about QCD's in case she gives any meaningful amount to charity. A great way to save on taxes. Just thought I...
by Silk McCue
Wed Dec 12, 2018 1:13 pm
Forum: Investing - Help with Personal Investments
Topic: RMD Question
Replies: 11
Views: 629

Re: RMD Question

Thanks Alan, unfortunately the RMD was already taken for 2018, even if I could I don't want to take a second distribution this year. For the purpose of clarity only - you can make as many withdrawals per year as you want so long as you at least take enough to satisfy the RMD before end of year. Che...
by Silk McCue
Wed Dec 12, 2018 12:45 pm
Forum: Investing - Help with Personal Investments
Topic: Review and Question regarding ROTH Conversion
Replies: 19
Views: 1032

Re: Review and Question regarding ROTH Conversion

The process looks pretty easy, I checked it out. So once I have this ROTH account set up, I am free to convert to it as I deem fit, within rules and guidelines of course? Some threads have caused confusion where it sounded like each conversion is to a new account, but I have always understood it as...
by Silk McCue
Wed Dec 12, 2018 12:08 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Loss Harvesting - When to do it?
Replies: 15
Views: 951

Re: Tax Loss Harvesting - When to do it?

When I TLH mutual funds I monitor the relevant ETF to assess the impact of the day's movements on my cost basis. If I decide to TLH that day I'll make the transaction a few minutes before close. Thank you for the reply! I can find the relevant ETF for a fund, but am not sure what to look for once I...
by Silk McCue
Wed Dec 12, 2018 11:59 am
Forum: Investing - Help with Personal Investments
Topic: RMD Question
Replies: 11
Views: 629

Re: RMD Question

I have been taking the minimum amount on my Inherited IRA for 7 years, now this year I would like to take out a larger amount for a major purchase. Is there any issue in doing this or to I need to stay with the minimum amount once I started down that road? You can always take more than the minimum....
by Silk McCue
Wed Dec 12, 2018 10:37 am
Forum: Investing - Help with Personal Investments
Topic: Super IRA account
Replies: 11
Views: 907

Re: Super IRA account

Wow! This is your first post since joining Bogleheads 6 years ago. Welcome! 1. combining all of these into a Joint Super IRA, This is not possible. These are individually owned accounts and CANNOT be combined. 2. Have 2 separate IRAs ( Mine and My Wife) or To the extend possible I would combine like...
by Silk McCue
Wed Dec 12, 2018 10:13 am
Forum: Investing - Help with Personal Investments
Topic: Review and Question regarding ROTH Conversion
Replies: 19
Views: 1032

Re: Review and Question regarding ROTH Conversion

So am I to understand that any ROTH will start the clock for both of us? If I am understanding what you are saying, I could convert hers today, then open and start converting mine in the future, and the start date of hers would establish the 5-year clock for both of us? Unfortunately no. These are ...
by Silk McCue
Wed Dec 12, 2018 9:53 am
Forum: Investing - Help with Personal Investments
Topic: Review and Question regarding ROTH Conversion
Replies: 19
Views: 1032

Re: Review and Question regarding ROTH Conversion

If I were to open a ROTH IRA at say Vanguard today, could I fund say $1000 from savings today to establish the ROTH and begin the clock, and then convert some each year after? I have a couple thousand in part time income that could justify the R-IRA for 2018. This way I’m not trying to get all the ...
by Silk McCue
Wed Dec 12, 2018 9:17 am
Forum: Personal Finance (Not Investing)
Topic: neighbor wants to purchase our 1 acre property adjacent to their property
Replies: 9
Views: 1259

Re: neighbor wants to purchase our 1 acre property adjacent to their property

I would tell them that you are not looking to sell but if they wish to make their highest and best offer you would be willing to consider it.

Cheers
by Silk McCue
Wed Dec 12, 2018 8:47 am
Forum: Personal Finance (Not Investing)
Topic: Pension service credit purchase
Replies: 10
Views: 681

Re: Pension service credit purchase

From prior posts it appears you live in Florida and you note that this is a State pension. If so, do you have access to DROP (Deferred Retirement Option Program) with the State? My prior post question regarding marital status is still an important consideration.

Cheers
by Silk McCue
Wed Dec 12, 2018 8:05 am
Forum: Personal Finance (Not Investing)
Topic: Pension service credit purchase
Replies: 10
Views: 681

Re: Pension service credit purchase

You don't mention whether or not you are married. If you are, what is the impact on your spouse if you die in the next couple of years and the $37k is now lost as it is single life. How will that effect their financial well being in the years following?

Cheers
by Silk McCue
Tue Dec 11, 2018 4:41 pm
Forum: Local Chapters and Bogleheads Community
Topic: Post your Financial Milestone Announcements Here
Replies: 551
Views: 64636

Re: Post your Financial Milestone Announcements Here

Moneta wrote:
Tue Dec 11, 2018 4:38 pm
Lots of financial milestones for me since I got a "new" job back in January, almost a year ago. That job included a hefty pay bump of about $23K. As a result:
Congratulations! Onward and upward!

Cheers
by Silk McCue
Tue Dec 11, 2018 10:58 am
Forum: Personal Finance (Not Investing)
Topic: IRS on making QCD by check from IRA
Replies: 14
Views: 858

Re: IRS on making QCD by check from IRA

The Kiplinger article states that you need to be 70.5 in order to make a QCD. I looked at the tax document and I do not see it explicitly stated. Is it implicit somewhere? I Googled and found the following from the IRS: Qualified charitable distributions What is a qualified charitable distribution?...
by Silk McCue
Tue Dec 11, 2018 10:27 am
Forum: Personal Consumer Issues
Topic: Possibly dumb question about streaming services
Replies: 26
Views: 1726

Re: Possibly dumb question about streaming services

Interesting. So, when you cut the cord, you attached the antenna cable into the cable splitter left over from your cable company that ran cable service to all the rooms in your house? Now you just have to run a short cable from the wall to the back of your TV? I'm trying to picture how I'd get the ...
by Silk McCue
Tue Dec 11, 2018 9:04 am
Forum: Personal Consumer Issues
Topic: Possibly dumb question about streaming services
Replies: 26
Views: 1726

Re: Possibly dumb question about streaming services

mmmodem wrote:
Tue Dec 11, 2018 8:57 am

You can also look into borrowing a friend or family's cable or dish account and password. This will allow you to watch broadcast TV on each network's app except CBS.
Also referred to as theft of services and not an appropriate/or allowed recommendation on this site.

Cheers
by Silk McCue
Tue Dec 11, 2018 8:55 am
Forum: Personal Finance (Not Investing)
Topic: IRS on making QCD by check from IRA
Replies: 14
Views: 858

Re: IRS on making QCD by check from IRA

Does anyone have direct experience indicating QCD checks must actually be cashed during the same calendar year as an IRA withdrawal in order to be credited as an offset to the taxable withdrawal income? I did ask Vanguard what date would be reported for my withdrawal. They said, just as in a withdr...
by Silk McCue
Tue Dec 11, 2018 7:53 am
Forum: Personal Consumer Issues
Topic: Possibly dumb question about streaming services
Replies: 26
Views: 1726

Re: Possibly dumb question about streaming services

I don't believe any carry a national news feed from networks. Try an amplified hdtv antenna. I pick up every local station including PBS on mine, crystal clear. Its my backup plan when ISP is down. Wired my antenna into old cable splitter. Antenna signal available through out the house. I was hopin...
by Silk McCue
Tue Dec 11, 2018 7:46 am
Forum: Personal Finance (Not Investing)
Topic: IRS on making QCD by check from IRA
Replies: 14
Views: 858

Re: IRS on making QCD by check from IRA

Here is a good article from Kiplinger June 2018. It is worth a read.

https://www.kiplinger.com/article/retir ... tions.html

Cheers
by Silk McCue
Tue Dec 11, 2018 7:29 am
Forum: Personal Finance (Not Investing)
Topic: IRS on making QCD by check from IRA
Replies: 14
Views: 858

Re: IRS on making QCD by check from IRA

I found this document from the IRS. Note it does not say that the check has to be written by the IRA administrator: https://www.irs.gov/pub/irs-drop/n-07-07.pdf Q-41. Is a check from an IRA made payable to a charitable organization described in § 408(d)(8) and delivered by the IRA owner to the char...