Search found 1072 matches

by Silk McCue
Thu Aug 16, 2018 4:03 pm
Forum: Investing - Help with Personal Investments
Topic: Selling/Exchanging Tax Implications
Replies: 6
Views: 388

Re: Selling/Exchanging Tax Implications

Understood, thanks! And finally to come full circle, if the exchange was done in a tax-sheltered account (like a ROTH IRA), no tax would apply? Correct. Within Tax deferred accounts (IRA, 401k, 403b, 457 ...) and seperately within Roth 401k/Roth IRA exchanges have no tax consequence. That is why pr...
by Silk McCue
Thu Aug 16, 2018 2:54 pm
Forum: Investing - Help with Personal Investments
Topic: Contemplating moving to Vanguard
Replies: 10
Views: 536

Re: Contemplating moving to Vanguard

You are most welcome. I understand your plan and would agree that this is a good step in the right direction given the limitation of not being able to walk away from the advisor.

There are more things to learn here than you can yet imagine.

Cheers
by Silk McCue
Thu Aug 16, 2018 2:18 pm
Forum: Personal Consumer Issues
Topic: Retire in Florida or Alabama?
Replies: 107
Views: 7017

Re: Retire in Florida or Alabama?

Well it only matters what they think...but... I would pay good money to not live in either Florida or Alabama. I do consider Florida more civilized. This. Please explain. Thanks man. The original post and the “This” are condescending as well as ... . The posts add no value to this conversation and ...
by Silk McCue
Thu Aug 16, 2018 2:12 pm
Forum: Investing - Help with Personal Investments
Topic: Selling/Exchanging Tax Implications
Replies: 6
Views: 388

Re: Selling/Exchanging Tax Implications

Thank you for your explanations! On a side note, does the same premise apply if you are transferring funds from vanguard to vanguard fund? EX) In my taxable account, I transfer X amount from Total Stock Index to Total Bond Index. Do capital gains or any tax apply in this case? No such thing as tran...
by Silk McCue
Thu Aug 16, 2018 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Deferred annuity inheritance
Replies: 6
Views: 318

Re: Deferred annuity inheritance

I found this on the web and should be helpful. I assume there many other authoratative articles. https://cbcsettlementfunding.com/annuities/types/inherited-annuity/ Are Inherited Annuities Taxable? Inherited annuities come with a number of tax implications, especially if the inherited beneficiary is...
by Silk McCue
Thu Aug 16, 2018 1:35 pm
Forum: Investing - Help with Personal Investments
Topic: Contemplating moving to Vanguard
Replies: 10
Views: 536

Re: Contemplating moving to Vanguard

Short answer. Move to Vangaurd. Don’t pay AUM fees. Target Date is certainly a fine approach. Doing this will enrich your finances. Do not be concerned with the finances of the advisor or the personal relationship. This is a business decision. The advisors is familiar with losing clients and gaining...
by Silk McCue
Thu Aug 16, 2018 1:28 pm
Forum: Investing - Help with Personal Investments
Topic: Helping elderly mother with her finances - 2 issues
Replies: 17
Views: 1581

Re: Helping elderly mother with her finances - 2 issues

It may be that the life insurance policy can sustain itself without further payments from the paid up life additions. If so, given your mother’s age I would let it ride. Regardless of whether this is available you really need to fully understand the components of the policy and the implications of y...
by Silk McCue
Thu Aug 16, 2018 8:27 am
Forum: Investing - Help with Personal Investments
Topic: Overwhelmed! Inherited Tax-Exempt Bonds/MM/Cash in Taxable Accounts
Replies: 10
Views: 1044

Re: Overwhelmed! Inherited Tax-Exempt Bonds/MM/Cash in Taxable Accounts

There are others that will have greater insight especially regarding the tax favorable bond selection that will hopefully come along but I have spent some time looking at your holdings and your stated desires and will give some food for thought. 1. I cut and pasted many of your ticker symbols and se...
by Silk McCue
Wed Aug 15, 2018 8:28 pm
Forum: Investing - Help with Personal Investments
Topic: Fixed Deferred Annuity & Investment Options
Replies: 17
Views: 877

Re: Fixed Deferred Annuity & Investment Options

Husband is skeptical of the Achieva CD option. I called them today and asked them to send info via email, but haven't gotten anything yet. Seems like a great deal to me, if we can withdraw monies out of it in 3, 4, and 5 years as we need (and money still earns 4.2%). Skepticism is a good thing but ...
by Silk McCue
Wed Aug 15, 2018 7:30 pm
Forum: Personal Finance (Not Investing)
Topic: Doing a 1035 Exchange
Replies: 1
Views: 232

Re: Doing a 1035 Exchange

Edit: I would cash it out and invest. I wouldn’t do a 1035 and then wait for the basis to catch up. Even the Vanguard annuity will have a higher ER than a good index fund. Just put this in the past an move on. ——- I see you already have a post regarding this WL policy here. https://www.bogleheads.or...
by Silk McCue
Wed Aug 15, 2018 5:59 pm
Forum: Investing - Help with Personal Investments
Topic: What is the best way to invest my fixed income allocation within my IRA?
Replies: 6
Views: 619

Re: What is the best way to invest my fixed income allocation within my IRA?

I copied this from a post I made within the past couple of days. Achievacu.com is offering a 5 year IRA CD at 4.2% rate. This rate has been up since May but is still available today. Once you are 59.5 you are able to withdraw funds without any Early Withdrawal Penalty. I recently shared the process ...
by Silk McCue
Wed Aug 15, 2018 5:47 pm
Forum: Investing - Help with Personal Investments
Topic: Selling/Exchanging Tax Implications
Replies: 6
Views: 388

Re: Selling/Exchanging Tax Implications

Hi, I currently have some Dow and AT&T Stock. I was either going to 1) Sell the stock 2) Exchange the stock into my stock/bond mix in my Vanguard account. Do I have to pay capital gains if I chose option 2? Thank you If the stock is in a Taxable account you will have to pay capital gains. You have ...
by Silk McCue
Wed Aug 15, 2018 4:49 pm
Forum: Investing - Help with Personal Investments
Topic: Fixed Deferred Annuity & Investment Options
Replies: 17
Views: 877

Re: Fixed Deferred Annuity & Investment Options

Achievacu.com is offering a 5 year IRA CD at 4.2% rate. This rate has been up since May but is still available today. Once you are 59.5 you are able to withdraw funds without any Early Withdrawal Penalty. I recently shared the process that I went through to open my account in post found using the l...
by Silk McCue
Wed Aug 15, 2018 3:29 pm
Forum: Investing - Help with Personal Investments
Topic: Finding Estimated Dates for VG quarterly funds
Replies: 4
Views: 316

Re: Finding Estimated Dates for VG quarterly funds

https://investor.vanguard.com/mutual-funds/list#/mutual-funds/name/distributions You might be able to extrapolate the answers you are looking for. Cheers I can't thank you enough. When I asked Vanguard how to do this, they suggested I enter each one. You're a life saver! :D You are most welcome! Ch...
by Silk McCue
Tue Aug 14, 2018 1:58 pm
Forum: Investing - Help with Personal Investments
Topic: How to make a withdrawal from a Vanguard Individual 401k?
Replies: 3
Views: 267

Re: How to make a withdrawal from a Vanguard Individual 401k?

I recommend you call Vanguard suppprt and tell them what you tried and what happened. I’m certain they will be able to solve your situation in short order.

Cheers
by Silk McCue
Tue Aug 14, 2018 12:58 pm
Forum: Investing - Help with Personal Investments
Topic: Fixed Deferred Annuity & Investment Options
Replies: 17
Views: 877

Re: Fixed Deferred Annuity & Investment Options

I'm not sure how CD's work vs annuities when it comes to IRA monies. From your post above - "He also suggested that we put $350k ($70 x 5 years) in a 3 year Fixed Deferred Annuity at 2.6%, to safeguard the money so that we will have the $70k/year. ". That will grow to around $378,016 in three years...
by Silk McCue
Tue Aug 14, 2018 6:22 am
Forum: Investing - Help with Personal Investments
Topic: Fixed Deferred Annuity & Investment Options
Replies: 17
Views: 877

Re: Fixed Deferred Annuity & Investment Options

Achievacu.com is offering a 5 year IRA CD at 4.2% rate. This rate has been up since May but is still available today. Once you are 59.5 you are able to withdraw funds without any Early Withdrawal Penalty. I recently shared the process that I went through to open my account in post found using the li...
by Silk McCue
Tue Aug 14, 2018 5:37 am
Forum: Personal Consumer Issues
Topic: Retire in Florida or Alabama?
Replies: 107
Views: 7017

Re: Retire in Florida or Alabama?

Alabama has income tax and a 4% up to 5% sales tax. https://www.tax-brackets.org/alabamataxtable Florida has no income tax and a 6% up to 7% sales tax. Cheers What about property taxes? Based on our income, Alabama’s income tax would far surpass our property tax in Florida. Tax analysis is very per...
by Silk McCue
Mon Aug 13, 2018 7:56 pm
Forum: Personal Consumer Issues
Topic: Retire in Florida or Alabama?
Replies: 107
Views: 7017

Re: Retire in Florida or Alabama?

GuyInFL wrote:
Mon Aug 13, 2018 7:51 pm
Silk McCue said
Alabama has income tax and a 4% up to 5% sales tax.
I think 5% sales tax is the states share. Add county and city and Mobile gets to 10%

http://www.salestaxstates.com/sales-tax ... ama-mobile
Yikes! Thanks for sharing.

Cheers
by Silk McCue
Mon Aug 13, 2018 7:08 pm
Forum: Investing - Theory, News & General
Topic: Achieva offers 4.2% 5 year IRA CD for $75k or >
Replies: 31
Views: 5278

Re: Achieva offers 4.2% 5 year IRA CD for $75k or >

Thanks Silk McCue! We will talk to the main branch manager at Achieva tomorrow. Hopefully they can resolve the issue directly but if not, I will definitely use your suggestion. I think my Wife got too excited over the great rate (when filling out the membership application) and now she's frustrated...
by Silk McCue
Mon Aug 13, 2018 6:35 pm
Forum: Personal Consumer Issues
Topic: Retire in Florida or Alabama?
Replies: 107
Views: 7017

Re: Retire in Florida or Alabama?

Alabama has income tax and a 4% up to 5% sales tax.

https://www.tax-brackets.org/alabamataxtable

Florida has no income tax and a 6% up to 7% sales tax.

Cheers
by Silk McCue
Mon Aug 13, 2018 1:51 pm
Forum: Investing - Theory, News & General
Topic: Achieva offers 4.2% 5 year IRA CD for $75k or >
Replies: 31
Views: 5278

Re: Achieva offers 4.2% 5 year IRA CD for $75k or >

Hoping someone can help me here: My wife submitted the membership application for the 4.2 CD percent. We were told by a Rep the application fell through because she answered a security question incorrectly. We've tried to resubmit the application but it the system doesn't take us back through the s...
by Silk McCue
Mon Aug 13, 2018 12:36 pm
Forum: Investing - Theory, News & General
Topic: Achieva offers 4.2% 5 year IRA CD for $75k or >
Replies: 31
Views: 5278

Re: Achieva offers 4.2% 5 year IRA CD for $75k or >

Catfish Plumber wrote:
Mon Aug 13, 2018 12:02 pm
Thanks, Silk!

I started the membership application online this past Saturday and received final approval today. On to the next step ... wish me luck!

Go get 'em.

Cheers
by Silk McCue
Mon Aug 13, 2018 11:40 am
Forum: Investing - Theory, News & General
Topic: Achieva offers 4.2% 5 year IRA CD for $75k or >
Replies: 31
Views: 5278

Re: Achieva offers 4.2% 5 year IRA CD for $75k or >

Wednesday July 11 - CD IRA Application Received, Printed, Completed, Scanned and emailed back. Anyone know where to find the CD IRA application? Do I need to call to request this? Thanks! If you have already completed all the steps to apply for, and be approved for, membership that I documented the...
by Silk McCue
Mon Aug 13, 2018 7:27 am
Forum: Investing - Help with Personal Investments
Topic: Question/Update on my Situation
Replies: 15
Views: 1714

Re: Question/Update on my Situation

With the significant income from the taxable (assuming $7800 monthly) most of that should be untaxed. This potentially allows large Roth conversions depending on what else is going on with your finances. In that case you might slow down/minimize the inherited IRA distributions to support the conver...
by Silk McCue
Sun Aug 12, 2018 7:18 pm
Forum: Investing - Help with Personal Investments
Topic: Question/Update on my Situation
Replies: 15
Views: 1714

Re: Question/Update on my Situation

With the significant income from the taxable (assuming $7800 monthly) most of that should be untaxed. This potentially allows large Roth conversions depending on what else is going on with your finances. In that case you might slow down/minimize the inherited IRA distributions to support the convers...
by Silk McCue
Sat Aug 11, 2018 9:21 am
Forum: Investing - Theory, News & General
Topic: Mutual Funds vs. ETF's
Replies: 22
Views: 1166

Re: Mutual Funds vs. ETF's

I link to the article would be helpful.

Otherwise, there are many existing posts on this board regarding this subject that have explored this general question in depth.

Cheers
by Silk McCue
Sat Aug 11, 2018 9:05 am
Forum: Investing - Theory, News & General
Topic: Average Investor Return Chart
Replies: 10
Views: 1230

Re: Average Investor Return Chart

I have no reason to doubt the accuracy of this chart over the time period (but that doesn't really matter) It is likely the average investor has very few stocks because they are ignorant of how to invest and are afraid. They may actually benefit from their help although they could do it more cheaply...
by Silk McCue
Sat Aug 11, 2018 8:49 am
Forum: Investing - Theory, News & General
Topic: Achieva offers 4.2% 5 year IRA CD for $75k or >
Replies: 31
Views: 5278

Re: Achieva offers 4.2% 5 year IRA CD for $75k or >

Silk, Did the same got an email saying I got a 5 year IRA cd but the email did not give any details like the rate. Did you receive some more follow up information? From my post previously outlining the process and timeline I shared - Monday July 23 - Achieva sent me an email and called me to notify...
by Silk McCue
Sat Aug 11, 2018 6:06 am
Forum: Investing - Theory, News & General
Topic: Achieva offers 4.2% 5 year IRA CD for $75k or >
Replies: 31
Views: 5278

Re: Achieva offers 4.2% 5 year IRA CD for $75k or >

I wonder why they don't allow this rate outside IRA (i.e. taxable account) Because it isn't a part of their business/marketing strategy. A better question might be how come a regional Credit Union can offer the highest rates on 5 year IRA CD's in the nation. I personally don't have any questions ab...
by Silk McCue
Fri Aug 10, 2018 6:57 pm
Forum: Investing - Theory, News & General
Topic: Achieva offers 4.2% 5 year IRA CD for $75k or >
Replies: 31
Views: 5278

Re: Achieva offers 4.2% 5 year IRA CD for $75k or >

doneat53 wrote:
Fri Aug 10, 2018 6:23 pm
I'm interested in becoming an Achieva member, is the only way to be related to a member or live in Florida?
No.

Read this post above. You have to donate to their charity. It’s cheap.

viewtopic.php?f=10&t=252530&p=4063141#p4043711

Cheera
by Silk McCue
Thu Aug 09, 2018 9:28 pm
Forum: Investing - Help with Personal Investments
Topic: Roth 401k vs. Traditional 401k
Replies: 36
Views: 1859

Re: Roth 401k vs. Traditional 401k

It’s a good idea to diversify. Having Tax-deferred, Roth and Taxable when you retire will provide you with a lot of flexibility. To ask an admin to put this in the correct forum. Click the exclamation icon on your first post and select Wrong Forum, then submit the request Edit: I reported it for you...
by Silk McCue
Thu Aug 09, 2018 12:27 pm
Forum: Investing - Help with Personal Investments
Topic: Pros and Cons of not using this Vanguard Fund
Replies: 5
Views: 670

Re: Pros and Cons of not using this Vanguard Fund

It looks to me like it's a de facto S&P 500 index fund, in spite of the legal cover the fund objective provides for management flexibility. I agree with your advice provided but they are not a de facto S&P fund. Were you to compare the two fact sheets provided by the OP, which I did and posted abou...
by Silk McCue
Thu Aug 09, 2018 10:59 am
Forum: Investing - Help with Personal Investments
Topic: Pros and Cons of not using this Vanguard Fund
Replies: 5
Views: 670

Re: Pros and Cons of not using this Vanguard Fund

By reviewing the links you provided I found that the DCP fund is an actively managed fund that overweights funds and underweights others (you can compare the top holdings of each yourself) as compared to the VG S&P fund which strictly owns the benchmark index. They also tell you that they can invest...
by Silk McCue
Thu Aug 09, 2018 10:23 am
Forum: Investing - Help with Personal Investments
Topic: QLAC and RMD
Replies: 7
Views: 445

Re: QLAC and RMD

I cannot find the definitive words regarding your RMD question. However logic dictates that the $100k funding of the QLAC is moving funds from one tax deferred account to another and thus results in no funds being withdrawn into a taxable status. Therefore no RMD could be satisfied by doing so in 20...
by Silk McCue
Thu Aug 09, 2018 9:49 am
Forum: Investing - Help with Personal Investments
Topic: Trying to understand the logistics of a 403b in relation to bonds and selling
Replies: 19
Views: 656

Re: Trying to understand the logistics of a 403b in relation to bonds and selling

The simplest answer regarding your 403b account is to change to a Target Date account that matches your desired asset allocation as your only holding in the 403b. Don't concern yourself with the date on the fund just the asset allocation. You will never have to concern yourself with re-balancing as ...
by Silk McCue
Thu Aug 09, 2018 8:40 am
Forum: Investing - Help with Personal Investments
Topic: Poor HSA Investment Options
Replies: 23
Views: 1521

Re: Poor HSA Investment Options

Expense ratios? Expense ratios and Front Load for each would help if you don't take the advice to rollover as suggested (which is likely the best answer). I've already pulled up each of these offerings and examined their ER and Front Loads and multiple time periods for returns. Eight have no front ...
by Silk McCue
Thu Aug 09, 2018 7:36 am
Forum: Investing - Help with Personal Investments
Topic: Small selection of funds in 401K which should I pick?
Replies: 5
Views: 239

Re: Small selection of funds in 401K which should I pick?

Welcome to Bogleheads. Were I in your shoes I would simply buy a Target date fund with with the asset allocation that you are comfortable with. The holdings are broad and diverse and the expense ratio is very good. The 2055 is 90/10. At your age that is fine as long as you can stick with it knowing ...
by Silk McCue
Thu Aug 09, 2018 7:00 am
Forum: Investing - Theory, News & General
Topic: Indices vs indexes
Replies: 4
Views: 507

Re: Indices vs indexes

Colour me happy for being able to find this or you. https://business.nasdaq.com/marketinsite/2016/Indexes-or-Indices-Whats-the-deal.html Both "indexes" and "indices" are acceptable plural forms of the word "index" or to refer to more than one index. Index is one of those rare words that have two dif...
by Silk McCue
Wed Aug 08, 2018 8:05 pm
Forum: Personal Finance (Not Investing)
Topic: Kiddie Tax 2018 - Who must file
Replies: 15
Views: 1326

Re: Kiddie Tax 2018 - Who must file

Unless the law has changed, sometimes one does not have to "file" a child's tax return. Their income can be reported on their parent's return. If this has changed I would like to know as I do tax returns for my children and their children (my grandchildren) have small UTMA accounts. From my reading...
by Silk McCue
Wed Aug 08, 2018 7:50 pm
Forum: Personal Finance (Not Investing)
Topic: 403b Roth or Pre-tax Decision and Marginal Rate
Replies: 17
Views: 630

Re: 403b Roth or Pre-tax Decision and Marginal Rate

I may be confused or am missing something but I don't see that you are factoring in the $2000 tax credit for your child? How does that affect your analysis? I show with that with that credit your Fed tax burden would be $7352. The top of the 12% bracket would be $8907. I calculated this using the l...
by Silk McCue
Wed Aug 08, 2018 5:41 pm
Forum: Investing - Help with Personal Investments
Topic: 401k for small business owner
Replies: 15
Views: 630

Re: 401k for small business owner

I have a trusted friend who suggests that it is better to pay tax now while tax rates are low rather than waiting to pay tax in the future as tax rates will probably increase over time. Thoughts on this way of thinking? Thanks! Ted Welcome to Bogleheads. I can only provide input on the last part of...
by Silk McCue
Wed Aug 08, 2018 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: Kiddie Tax 2018 - Who must file
Replies: 15
Views: 1326

Re: Kiddie Tax 2018 - Who must file

I have no clue but can Google “kiddie tax 2018”. https://www.marketwatch.com/story/the-kiddie-tax-is-getting-easier-and-maybe-cheaper-under-the-new-tax-law-2018-05-24 How much income triggers a separate tax return? It depends on the type of income. • A child with only earned income (generally just w...
by Silk McCue
Wed Aug 08, 2018 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: less suspicious activity- check or ACH transfer
Replies: 10
Views: 1045

Re: less suspicious activity- check or ACH transfer

Congrats! Glad we could help.

Try not to treat the remaining balance as found money. It is an important part of your financial future.

Cheers
by Silk McCue
Wed Aug 08, 2018 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: 403b Roth or Pre-tax Decision and Marginal Rate
Replies: 17
Views: 630

Re: 403b Roth or Pre-tax Decision and Marginal Rate

ok wow, a LOT more is taken out of my wife's paycheck than i thought... to update. Assume wages of $127,000. - $24,000 standard deduction - $12,500 Simple IRA contribution - $5,000 Dependent Care Account - $1,500 403b Pre-tax contribution - $100 Vision - $540 Dental - $3885 Health Ins. - $50 Cafete...
by Silk McCue
Wed Aug 08, 2018 12:20 pm
Forum: Investing - Theory, News & General
Topic: Bond Holding
Replies: 11
Views: 1136

Re: Bond Holding

He hasn't suggested an alternative core bond holding for us. It seems that at this point he is assessing our willingness to follow his general advice about getting out of VBTLX - - assets he doesn't manage. It may be as obvious as an adviser trying to increase his AUM, but I curious about the value...
by Silk McCue
Wed Aug 08, 2018 11:57 am
Forum: Investing - Help with Personal Investments
Topic: Help me understand a 'Life Income Plan' ?
Replies: 19
Views: 1786

Re: Help me understand a 'Life Income Plan' ?

I took a quick look at your original post and you clearly have a lot going on with holdings and on-going business success. Although his website says he is not currently accepting new clients due to a backlog Allan Roth might very well be ideal for you. He is nationally known, regularly published and...