Search found 3012 matches

by Silk McCue
Mon Oct 14, 2019 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: Lump Sum Offer/Pension Buy Out (not from GE)
Replies: 3
Views: 435

Re: Lump Sum Offer/Pension Buy Out (not from GE)

Using immediateannuities.com yields $816 lifetime starting now which is close to your offer. However 6 years delayed annuity to age 65 only offers $1036. The company’s $1515 per month is wildly superior. That is quite unusual and seems like the best annuitized option if you can wait.

Cheers
by Silk McCue
Sun Oct 13, 2019 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: differences between Schwab account type
Replies: 1
Views: 257

Re: differences between Schwab account type

This is a legal question. Google this phrase “Joint Tenants with Rights of Survivorship vs Tenants in Common” and you will likely decide Tenants in Common isn’t what you want.

Cheers
by Silk McCue
Sun Oct 13, 2019 10:39 am
Forum: Personal Investments
Topic: Where to Park Funds for Down Payment
Replies: 14
Views: 894

Re: Where to Park Funds for Down Payment

Given the timeframe for this (2-3 years) any use of equities is not recommended unless you are willing to not achieve your goal. Better to cut back on spending in order to save more.

Cheers
by Silk McCue
Sat Oct 12, 2019 6:26 pm
Forum: Personal Consumer Issues
Topic: How to prevent shoe creases?
Replies: 18
Views: 1800

Re: How to prevent shoe creases?

This appears to be a well-informed writeup.

http://custommade.com.sg/blog/4-factor ... event-them

Cheers
by Silk McCue
Sat Oct 12, 2019 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: Will Capital Gain Tax Change in the Next Couple of Years
Replies: 4
Views: 575

Re: Will Capital Gain Tax Change in the Next Couple of Years

If this is your primary home there is a $250k/$500k exemption for filing Single/MFJ. If you replace the home any excess can be avoided from taxation depending upon the amount. Current tax law and prior to TCJA of 2017 both support that. No reason to believe this will be changed. Just assess it again...
by Silk McCue
Sat Oct 12, 2019 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: IRS website issues
Replies: 1
Views: 204

Re: IRS website issues

I definitely wouldn’t try again until tomorrow. Clearly a system error and you don’t want to potentially get locked out on a more permanent basis if you exceed some security system limit.

Cheers
by Silk McCue
Sat Oct 12, 2019 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Quicken Error OL-221-A
Replies: 10
Views: 767

Re: Quicken Error OL-221-A

My last successful download was for a bond-fund dividend on 10/8. Vanguard's transaction history says that's all. So I do get the error even when there are no transactions to download. I have 13 VG accounts to download: My brokerage, IRA, Roth IRA, inherited IRA 2 UTMAs for my grandkids 2 inactive ...
by Silk McCue
Sat Oct 12, 2019 8:05 am
Forum: Personal Finance (Not Investing)
Topic: Quicken Error OL-221-A
Replies: 10
Views: 767

Re: Quicken Error OL-221-A

I haven't had any problems with Quicken connecting every day, including today. Maybe if there were transactions available I MIGHT have seen the issue but that is not the case for me. I wouldn't be concerned at all, it is just a technical glitch that will be worked out. Hopefully, within a few days. ...
by Silk McCue
Sat Oct 12, 2019 7:47 am
Forum: Personal Finance (Not Investing)
Topic: Fence Replaced - Contractor Damaged Sprinkler System
Replies: 9
Views: 692

Re: Fence Replaced - Contractor Damaged Sprinkler System

No need to call your homeowners insurance as I doubt that your sprinkler system is covered. The fence contractor said they will send a sprinkler repair contractor out and it is likely this issue will be fixed at no cost to you. Having only paid half of the job you are in a good position to wait unti...
by Silk McCue
Sat Oct 12, 2019 7:12 am
Forum: Personal Consumer Issues
Topic: Hilton location - can only be called from landline?
Replies: 27
Views: 2047

Re: Hilton location - can only be called from landline?

I doubt it has anything to do with Consumer Cellular. The Sioux City incident was with the Verizon system and CC does not use Verizon minutes (unless that is a recent change). Must be something else. That was just an example of these problems occurring at an infrastructure level and not caused by t...
by Silk McCue
Sat Oct 12, 2019 7:03 am
Forum: Personal Investments
Topic: Will the 2020 Mega Backdoor Roth 401k increase?
Replies: 2
Views: 567

Re: Will the 2020 Mega Backdoor Roth 401k increase?

Finance Buff projected the total contribution limit would be $57k for 2020. They claim they have been 100% correct in their projections for the past several years since they started doing them. https://thefinancebuff.com/401k-403b-ira-contribution-limits.html Soon enough the IRS will issue their off...
by Silk McCue
Fri Oct 11, 2019 7:30 pm
Forum: Personal Investments
Topic: Roth conversion
Replies: 10
Views: 959

Re: Roth conversion

The OP's filing status is not clear: if single, there is zero chance of hitting a 40.7% rate; if MFJ, there is only a very narrow window of pension+SS=$120K that leads to such a rate. See the "heat maps" in the SS taxation wiki. And definitely agree with your "It all comes down to the math." :) I a...
by Silk McCue
Fri Oct 11, 2019 6:23 pm
Forum: Personal Finance (Not Investing)
Topic: Pension or Lump Sum
Replies: 11
Views: 1075

Re: Pension or Lump Sum

Based on the information provided, a lump sum would add to an existing mid-six-figure nest egg that will need to be put to use together with Social Security before age 70 for living expenses. If the lump sum is conservatively invested at today's, and what appear to be future interest rates, it will...
by Silk McCue
Fri Oct 11, 2019 6:12 pm
Forum: Personal Investments
Topic: Need help for investing life insurance for 6 year old nephew
Replies: 15
Views: 1421

Re: Need help for investing life insurance for 6 year old nephew

Please update by our original post with fund names.

Cheers
by Silk McCue
Fri Oct 11, 2019 4:57 pm
Forum: Personal Investments
Topic: Roth conversion
Replies: 10
Views: 959

Re: Roth conversion

While Taxation of Social Security benefits can produce high marginal tax rates , it is unlikely (given the stated $120K total income) that the OP will be unlucky enough to hit that 40.7% rate. The RPM spreadsheet is indeed very good. It does not, however, calculate accurate marginal rates as the pe...
by Silk McCue
Fri Oct 11, 2019 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: Pension or Lump Sum
Replies: 11
Views: 1075

Re: Pension or Lump Sum

She is working at another company, covering her expenses, and doesnt need to take the annuity or the lump sum now for financial reasons. I imagine she will take social security at her scheduled retirement age (but not be able to wait till age 70), and has built up a reasonable retirement account at...
by Silk McCue
Fri Oct 11, 2019 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: Pension or Lump Sum
Replies: 11
Views: 1075

Re: Pension or Lump Sum

Given her undisclosed current employment status, income and plans to claim SS, would she benefit from taking a lump sum now and put that into an annuity for $465 per month based on immediateannuities.com.

Cheers
by Silk McCue
Fri Oct 11, 2019 11:46 am
Forum: Personal Investments
Topic: Roth conversion
Replies: 10
Views: 959

Re: Roth conversion

It appears that you will be into the 22% bracket using current tax law and higher when the TCJA of 2017 expires. Therefore each extra dollar taken for an RMD will be taxed at 40.7% because it will cause another 85c of Social Security dollar to be taxed until you have taxed the full 85% of your SS in...
by Silk McCue
Fri Oct 11, 2019 11:02 am
Forum: Personal Consumer Issues
Topic: Hilton location - can only be called from landline?
Replies: 27
Views: 2047

Re: Hilton location - can only be called from landline?

Anyone dealt with this before or know of a work around? THANKS You call a friend who has a landline, the friend then calls the hotel, and then conferences you into the call. Essentially, a 3-way conference call. The likelihood that a person who still has a landline has a clue how to do a 3-way call...
by Silk McCue
Fri Oct 11, 2019 9:46 am
Forum: Personal Consumer Issues
Topic: Hilton location - can only be called from landline?
Replies: 27
Views: 2047

Re: Hilton location - can only be called from landline?

It may not even be the hotel's problem. I found this "topic" related article.

https://siouxlandnews.com/news/local/ca ... ell-phones

Cheers
by Silk McCue
Fri Oct 11, 2019 9:21 am
Forum: Investing - Theory, News & General
Topic: Is home bias really biased?
Replies: 12
Views: 929

Re: Is home bias really biased?

There are numerous threads already in place on this topic and every point and perspective has already been covered including the one you make. The search bar is your friend.

Cheers
by Silk McCue
Fri Oct 11, 2019 9:10 am
Forum: Personal Investments
Topic: Deferred Comp Question
Replies: 10
Views: 868

Re: Deferred Comp Question

Someone else can address the impact on SS benefits prior to 66 but I have to ask why would you take SS at 62 when you will have over $100k in income until age 68 rather than let your monthly benefit grow and be paid out a higher level for the rest of your life?

Cheers
by Silk McCue
Fri Oct 11, 2019 9:01 am
Forum: Personal Finance (Not Investing)
Topic: Possible credit fraud/identity theft, questions
Replies: 4
Views: 343

Re: Possible credit fraud/identity theft, questions

I would have made the call before posting this. This is an urgent matter.

Cheers
by Silk McCue
Fri Oct 11, 2019 8:28 am
Forum: Personal Finance (Not Investing)
Topic: IRS CP2000 notice -- hard lesson (missing cost basis)
Replies: 35
Views: 2882

Re: IRS CP2000 notice -- hard lesson (missing cost basis)

NotWhoYouThink wrote:
Fri Oct 11, 2019 8:22 am
3 redundant phrases:
Personal Identification Number number
Automatic Teller Machine machine
Cost basis (the term is basis)

partly being a scold, but also encouraging proper usage of financial terms on this board.
This isn't a grammar forum.

Cheers
by Silk McCue
Fri Oct 11, 2019 8:25 am
Forum: Personal Finance (Not Investing)
Topic: Crossing the IRMAA
Replies: 15
Views: 1177

Re: Crossing the IRMAA

Are military related (wounded in service) disability payments counted towards your AGI for IRMAA Leroy Jones :sharebeer I can't find a reference but am very confident that if the disability payments are not subject to federal income tax then they will not impact IRMAA much the same way that the unt...
by Silk McCue
Fri Oct 11, 2019 8:20 am
Forum: Personal Finance (Not Investing)
Topic: IRS CP2000 notice -- hard lesson (missing cost basis)
Replies: 35
Views: 2882

Re: IRS CP2000 notice -- hard lesson (missing cost basis)

NotWhoYouThink wrote:
Fri Oct 11, 2019 7:16 am
Can you use your PIN number to get your cost basis from the ATM machine?
What are you talking about? Please explain.

Cheers
by Silk McCue
Fri Oct 11, 2019 7:26 am
Forum: Personal Consumer Issues
Topic: Joshua Tree National Park
Replies: 13
Views: 1158

Re: Joshua Tree National Park

Come in the north end and grab a quick lunch before you enter. Grab a couple of bottles of water before you enter the park. You will be able to see plenty in the time that you have. Ample opportunity to enjoy beautiful views and enjoy some simple strolls without getting tired or having to got huge d...
by Silk McCue
Thu Oct 10, 2019 7:24 pm
Forum: Personal Consumer Issues
Topic: Etiquette - [Tree] Leaves that aren’t yours
Replies: 11
Views: 1184

Re: Etiquette - Leaves that aren’t yours

Blow away. I would. No one gets harmed by the repositioning.

Cheers
by Silk McCue
Thu Oct 10, 2019 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card Statements-Save Paper Ones? Electronic?
Replies: 35
Views: 1691

Re: Credit Card Statements-Save Paper Ones? Electronic?

I use Quicken and never look at the pdf statements. Wherever possible I turn off paper statements. You can store the statements electronically if you want but I find no need for it.

Cheers
by Silk McCue
Thu Oct 10, 2019 2:46 pm
Forum: Investing - Theory, News & General
Topic: RMD to Roth?
Replies: 16
Views: 1125

Re: RMD to Roth?

bhluckyusaguy wrote: My understanding is you can do a RMD and Roth conversion in the same year, however you must do the RMD first. Then you can do the Roth conversion. To calculate the taxes due, just add the amount of the conversion to your tax software to figure the amount of the additional taxes...
by Silk McCue
Thu Oct 10, 2019 1:39 pm
Forum: Personal Consumer Issues
Topic: Keep car entertainment system with fast clock or get refurbished one?
Replies: 33
Views: 1400

Re: Keep car entertainment system with fast clock or get refurbished one?

We have older clocks in our house that we have to adjust every once in a while. When you reset the clock make it a minute or two slow and wait until it is is a couple of minutes fast then rinse and repeat.

Cheers
by Silk McCue
Thu Oct 10, 2019 11:56 am
Forum: Personal Investments
Topic: Roth Conversions and Safe Withdrawal Rate
Replies: 8
Views: 1078

Re: Roth Conversions and Safe Withdrawal Rate

We are 58/60 and we have been converting for 4 years. If you are paying the taxes due on the Roth Conversion from a Taxable account then you are simply shifting those Taxable funds into a more efficient vehicle for long term growth. Our goal is to reduce the slice of the pie that Uncle Sam will get ...
by Silk McCue
Thu Oct 10, 2019 9:58 am
Forum: Investing - Theory, News & General
Topic: RMD to Roth?
Replies: 16
Views: 1125

Re: RMD to Roth?

Sorry but the IRS does not allow us to convert our RMDs into a Roth.

If you do any charitable giving you definitely should be looking to use qualified Charitable Distribution‘s (QCDs) to avoid taxes on those funds.

Cheers
by Silk McCue
Thu Oct 10, 2019 9:15 am
Forum: Personal Finance (Not Investing)
Topic: Crossing the IRMAA
Replies: 15
Views: 1177

Re: Crossing the IRMAA

That is correct.

Cheers
by Silk McCue
Thu Oct 10, 2019 9:05 am
Forum: Personal Investments
Topic: 500 Index v Tax-Managed Cap Appreciation Funds
Replies: 8
Views: 829

Re: 500 Index v Tax-Managed Cap Appreciation Funds

Using the search box on this page will provide you with a wealth of feedback on most every topic. A simple search for VTCLX found this recent fully discussed thread.

viewtopic.php?t=284619

Cheers
by Silk McCue
Thu Oct 10, 2019 8:38 am
Forum: Investing - Theory, News & General
Topic: When to start investing
Replies: 8
Views: 459

Re: When to start investing

Welcome to Bogleheads! We have found that the most reliable path to financial success includes investing early and often and in buying broadly diverse Mutual Funds/ETFs at very low expense ratios. No one knows what the market will do tomorrow but we do know what the market tends to do over time and ...
by Silk McCue
Thu Oct 10, 2019 8:28 am
Forum: Investing - Theory, News & General
Topic: Take Control of Your Financial Future With These 4 New Rules"
Replies: 7
Views: 2047

Re: Take Control of Your Financial Future With These 4 New Rules"

David Althaus wrote:
Thu Oct 10, 2019 7:48 am
I hope Mr. Roth can make some money from writing and advising.
I think he is managing to scrape by. :)

Cheers
by Silk McCue
Thu Oct 10, 2019 8:12 am
Forum: Personal Investments
Topic: Imanx vs amanx
Replies: 4
Views: 329

Re: Imanx vs amanx

Thanks for your help. The linked forums talk about the said funds which is quite interesting and helpful, however, I am looking for comparison/ analysis betweeb the only 2 shariah compliant funds available to me. You are welcome. I will point out that in your post you specifically stated "the only ...
by Silk McCue
Thu Oct 10, 2019 7:52 am
Forum: Personal Investments
Topic: Imanx vs amanx
Replies: 4
Views: 329

Re: Imanx vs amanx

I found this thread below from last year that references other specific funds. https://www.bogleheads.org/forum/viewtopic.php?t=266533 Actively managed shariah compliant AMANX Amana Income Investor ER 1.12% AMAGX Amana Trust Growth ER 1.09% AMDWX Amana Developing World 1.32% ADJEX Azzad Ethical 0.99...
by Silk McCue
Wed Oct 09, 2019 8:41 pm
Forum: Personal Investments
Topic: Pension vs Lump Sum Payment
Replies: 19
Views: 1072

Re: Pension vs Lump Sum Payment

target4321 wrote:
Wed Oct 09, 2019 8:38 pm
Updated to single
Can you provide us with Joint Life pension numbers. That makes a big difference in the analysis.

Cheers
by Silk McCue
Wed Oct 09, 2019 8:40 pm
Forum: Personal Investments
Topic: Pension vs Lump Sum Payment
Replies: 19
Views: 1072

Re: Pension vs Lump Sum Payment

Immediateannuities.com shows an annuity amount for 1 life using $45.775k input will receive $379 per month at age 65. This is $221 less than the monthly pension. I would take the pension. Does that still hold true since pension numbers provided have been annotated to show they are Single Life? Cheers
by Silk McCue
Wed Oct 09, 2019 8:27 pm
Forum: Personal Investments
Topic: Pension vs Lump Sum Payment
Replies: 19
Views: 1072

Re: Pension vs Lump Sum Payment

Is the pension Single or Joint life? Please update the original post with that info.

Cheers
by Silk McCue
Wed Oct 09, 2019 8:22 pm
Forum: Personal Investments
Topic: Sell Vanguard New York Long-Term Tax-Exempt Fund when move out of NY?
Replies: 17
Views: 858

Re: Sell Vanguard New York Long-Term Tax-Exempt Fund when move out of NY?

I would say the tax consequences of selling it now or later would depend on the taxation to be applied in the state they are moving to.

Cheers
by Silk McCue
Wed Oct 09, 2019 6:52 pm
Forum: Personal Investments
Topic: Roth IRA’s odd contribution question
Replies: 13
Views: 999

Re: Roth IRA’s odd contribution question

Thanks, but I’m confused. Even if I contributed $18,900 of my $28,800 of gross income to my 401k we can still contribute $7000 each to our Roth IRA’s? If so, that’s great. It looks like I got that wrong. My apologies. Please see lakpr’s post below in this thread. viewtopic.php?f=1&t=292228#p4786426...
by Silk McCue
Wed Oct 09, 2019 6:22 pm
Forum: Personal Investments
Topic: Roth IRA’s odd contribution question
Replies: 13
Views: 999

Re: Roth IRA’s odd contribution question

It is your gross earned income of $28k that supports the contribution to the Roth IRA not that those dollars actually are used or taxed on your return. You can absolutely contribute to Roth from your savings to the full $7k each if you wish.

Cheers
by Silk McCue
Wed Oct 09, 2019 3:35 pm
Forum: Personal Investments
Topic: When is the best time to exchange a "not so good" fund in a 401K account?
Replies: 15
Views: 935

Re: When is the best time to exchange a "not so good" fund in a 401K account?

Welcome to Bogleheads!

Tomorrow is a good day to do so.

Dividends have no impact as the fund price drops immediately when the dividend is paid by basically the same amount per share as the dividend. Net zero.

Cheers
by Silk McCue
Wed Oct 09, 2019 2:52 pm
Forum: Personal Investments
Topic: Does transferring taxable account have bad tax consequences.
Replies: 22
Views: 1004

Re: Does transferring taxable account have bad tax consequences.

RickBoglehead wrote:
Wed Oct 09, 2019 2:11 pm
Of course if M1 liquidates the ETF, you will still have a gain or loss. Your other posts indicate you will be liquidating.
That would have been useful information to have included in the original post. ;)

Cheers
by Silk McCue
Wed Oct 09, 2019 1:51 pm
Forum: Personal Investments
Topic: Does transferring taxable account have bad tax consequences.
Replies: 22
Views: 1004

Re: Does transferring taxable account have bad tax consequences.

Hi guys, Thanks for the advice. I appreciate that! I am also transferring my Roth IRA, which too holds VTSAX. Should I first convert that to ETF also, or does it not matter for Roth? Thanks I would do it at Vanguard as I believe that when they convert the shares for you they will be able to purchas...
by Silk McCue
Wed Oct 09, 2019 1:06 pm
Forum: Personal Investments
Topic: Does transferring taxable account have bad tax consequences.
Replies: 22
Views: 1004

Re: Does transferring taxable account have bad tax consequences.

Call Vanguard and ask them to convert the shares to ETFs. No need to tell them why. Then you’ll be able to transfer those to M1 without tax consequence.

Cheers