Search found 2390 matches

by Silk McCue
Mon Jun 24, 2019 7:03 pm
Forum: Personal Investments
Topic: Inflation adjusted future investment value?
Replies: 1
Views: 130

Re: Inflation adjusted future investment value?

From the Results page. Your spending in every year after the first year will be adjusted for inflation, so the spending power is preserved. For the Spending tab Note: FIRECalc adjusts just about everything for inflation. Any exceptions will be noted prominently. Use the following inflation assumptio...
by Silk McCue
Mon Jun 24, 2019 6:01 pm
Forum: Personal Finance (Not Investing)
Topic: Deathbed Roth Conversion - One Timing Question
Replies: 11
Views: 1100

Re: Deathbed Roth Conversion - One Timing Question

To avoid having to research the issue it might make sense to do it as soon as possible if you've determined it's beneficial. If the assets won't all go to the surviving spouse, and there's more than one child, it might make sense to eliminate the POD and TOD designations to avoid the issue of what ...
by Silk McCue
Mon Jun 24, 2019 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: Deathbed Roth Conversion - One Timing Question
Replies: 11
Views: 1100

Re: Deathbed Roth Conversion - One Timing Question

FIREchief wrote:
Mon Jun 24, 2019 12:35 pm
I would ask this exact question of the brokerage. If BIL has DPOA in effect, he should even be able to discuss account specifics.
Thanks. I certainly plan to do that but would like to get a definitive answer before that conversation occurs.

Cheers
by Silk McCue
Mon Jun 24, 2019 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: Deathbed Roth Conversion - One Timing Question
Replies: 11
Views: 1100

Deathbed Roth Conversion - One Timing Question

Brother-in-laws (BIL) brother appears to have very little time left unfortunately. BIL has durable power of attorney that includes incapacity. We have all estate docs in place, PODs in place on all accounts and just executed a Lady Bird Deed for homestead to bypass probate along with everything else...
by Silk McCue
Mon Jun 24, 2019 9:48 am
Forum: Personal Investments
Topic: Vanguard reduced dividends on VTSAX
Replies: 9
Views: 1497

Re: Vanguard reduced dividends on VTSAX

Welcome to Bogleheads!

This topic was recently discussed and addresses your question. The search box on this site is an excellent source of information.

viewtopic.php?t=283642

Cheers
by Silk McCue
Mon Jun 24, 2019 7:21 am
Forum: Investing - Theory, News & General
Topic: When the Conventional Wisdom about Taxes in Retirement is Wrong
Replies: 23
Views: 2566

Re: When the Conventional Wisdom about Taxes in Retirement is Wrong

I would like to read but it is only available to subscribers.

Cheers
by Silk McCue
Thu Jun 20, 2019 7:11 pm
Forum: Personal Investments
Topic: Roth Conversion Question – Please help! (First Post)
Replies: 65
Views: 2345

Re: Roth conversion calculator

I suggest you go to that post and locate a post by curmudgeon in that thread. Quote it and post this question so that they will see it. Or, private message them. They may never come across this freestanding post.

Cheers
by Silk McCue
Thu Jun 20, 2019 6:34 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare - Any penalties for early retirees?
Replies: 4
Views: 674

Re: Medicare - Any penalties for early retirees?

Once you have earned 40 quarterly credits during working years you will qualify for Medicare when you are 65.

https://www.aarp.org/health/medicare-in ... are_9.html

Cheers
by Silk McCue
Thu Jun 20, 2019 6:21 pm
Forum: Personal Investments
Topic: Asset Allocation Question.
Replies: 14
Views: 1390

Re: Asset Allocation Question.

Welcome to Bogleheads!

Taking $200k out the IRA will push you into a much higher tax bracket, at least 24%, so there is no way that paying the mortgage off that way could ever make financial sense from the return perspective that you described.

Cheers
by Silk McCue
Wed Jun 19, 2019 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Penalty for working past 70 ?
Replies: 8
Views: 1475

Re: Social Security Penalty for working past 70 ?

Once you reach FRA there is no earnings test.

Cheers
by Silk McCue
Wed Jun 19, 2019 9:05 am
Forum: Personal Investments
Topic: Cashing out an inherited IRA or not?
Replies: 11
Views: 1116

Re: Cashing out an inherited IRA or not?

When you take the money out, it may be more efficient for tax purposes to do it over several years, so that you never bump your income by $200k in a single year. Therefore, even if you do plan to cash out the IRA, it may make sense to take out a loan, and pay it off quickly from the IRA, withdrawin...
by Silk McCue
Tue Jun 18, 2019 7:57 pm
Forum: Personal Investments
Topic: RMDs vs voluntary withdrawals?
Replies: 6
Views: 858

Re: RMDs vs voluntary withdrawals?

It is recommended to pay the taxes from a taxable account so that the full conversion. amount can grow tax free.

Cheers
by Silk McCue
Tue Jun 18, 2019 6:43 pm
Forum: Personal Investments
Topic: Roth Excess Contribution and Taxes
Replies: 2
Views: 175

Re: Roth Excess Contribution and Taxes

I would have thought VG could have simply applied the excess amount to your 2019 Roth. Did you discuss that with them? Someone will come along that will know for sure.

There is no change needed on your 2018 taxes. Any issue is for 2019.

Cheers
by Silk McCue
Tue Jun 18, 2019 1:36 pm
Forum: Forum Issues and Administration
Topic: Length Limit on Quotes
Replies: 7
Views: 438

Re: Length Limit on Quotes

There is no way to do this. A rant was started recently about people quoting more than the person cared for and LadyGeek locked it.

Cheers
by Silk McCue
Tue Jun 18, 2019 8:31 am
Forum: Personal Finance (Not Investing)
Topic: Can someone reassure me - late mortgage payment through no fault of my own
Replies: 9
Views: 1077

Re: Can someone reassure me - late mortgage payment through no fault of my own

... Toward the end of last month there was a notice on my landing page that there was going to be some online servicing and mortgage payments would not show as coming out on the 1st of the month but that they would come out eventually and would be considered as having come out on the 1st. ... Based...
by Silk McCue
Mon Jun 17, 2019 6:07 pm
Forum: Investing - Theory, News & General
Topic: Which schedule is better when making periodic investments into an ETF
Replies: 17
Views: 1192

Re: Which schedule is better when making periodic investments into an ETF

I have always thought that if you wait until we hit recession and the market goes down to make your lump sum investment... That's better than doing the lump sum investment now. The market is going to crash sooner or later. Of course, during a recession there will always be the question of how much ...
by Silk McCue
Mon Jun 17, 2019 2:18 pm
Forum: Personal Investments
Topic: TIRA to Roths? help Please
Replies: 104
Views: 3489

Re: TIRA to Roths? help Please

Qualified dividends..... $13,803 receive special tax treatment. Some may be taxed at 0% if your income is low enough (which I think it is). Some will be taxed at 15%. Ordinary dividends......$21,108 pensions....................$$28, 512 SS.............................$39,504*** $89,124 is taxed as ...
by Silk McCue
Mon Jun 17, 2019 1:25 pm
Forum: Personal Investments
Topic: Updated SuperSmart portfolio question
Replies: 2
Views: 808

Re: Updated SuperSmart portfolio question

mikevio wrote:
Mon Jun 17, 2019 1:23 pm
Ever get an answer for this? Curious myself?
I'd say not. They last logged in on Jan 17th 2019.

Cheers
by Silk McCue
Mon Jun 17, 2019 1:21 pm
Forum: Personal Consumer Issues
Topic: My Cost of Progressive Lenses/glasses - did I pay too much?
Replies: 69
Views: 3772

Re: My Cost of Progressive Lenses/glasses - did I pay too much?

I'm very confident that Costco would have been dramatically cheaper. Of course you did take every bell and whistle it sounds like. I wear progressives and buy mine at Costco.

Cheers
by Silk McCue
Mon Jun 17, 2019 12:13 pm
Forum: Investing - Theory, News & General
Topic: Indexes all up - Total Market down?
Replies: 9
Views: 1519

Re: Indexes all up - Total Market down?

If Total Market gain/loss is different from S&P 500 it is because the other 3100 or so stocks that are held in addition to the S&P 500 are performing better or worse. What the DOW and NASDAQ do are not very relevant.

Right now S&P up .21. Extended Market up .69 and Total Stock up .28.

Cheers
by Silk McCue
Mon Jun 17, 2019 11:55 am
Forum: Personal Investments
Topic: tIRA contribution post tax
Replies: 20
Views: 393

Re: tIRA contribution post tax

I was advised to wait 30+ days as a matter of protocol? By whom? There is no reason to do that. Once the funds have settled they can be converted. Cheers Somoene mentioned the IRS step transaction doctrine and said it is safer to keep over 30 days between these. Although it does not make a lot of s...
by Silk McCue
Mon Jun 17, 2019 11:41 am
Forum: Personal Investments
Topic: tIRA contribution post tax
Replies: 20
Views: 393

Re: tIRA contribution post tax

ZachFinch76 wrote:
Mon Jun 17, 2019 11:39 am
I was advised to wait 30+ days as a matter of protocol?
By whom? There is no reason to do that. Once the funds have settled they can be converted.

Cheers
by Silk McCue
Mon Jun 17, 2019 11:34 am
Forum: Personal Investments
Topic: tIRA contribution post tax
Replies: 20
Views: 393

Re: tIRA contribution post tax

Sorry, I was so focused on making sense of what the lady said I forgot to state the obvious: Yes the whole point of what I am doing is to then convert this to a Roth in a month or so. Great. Had you told her that she may very well have understood. Telling her you were putting in post tax money mean...
by Silk McCue
Mon Jun 17, 2019 11:16 am
Forum: Personal Investments
Topic: tIRA contribution post tax
Replies: 20
Views: 393

Re: tIRA contribution post tax

If you put funds into a tIRA those amounts can be deducted on this years taxes regardless of the source of the funds. If you don't want to deduct them the logical next step is to perform a Backdoor Roth on these funds immediately. In case you aren't familiar with this, here is the Wiki. Backdoor Rot...
by Silk McCue
Mon Jun 17, 2019 10:54 am
Forum: Forum Issues and Administration
Topic: Why not add a "like" button to Boglehead posts?
Replies: 185
Views: 28284

Re: A way to "thank" posts

Personally, I wish there was a way to "track" a thread. Currently, the only way I know is make a comment (even if I don't really have anything to contribute) so I can "view my posts" later. You can "subscribe" a topic if you want to keep track of it. That way, you get notified for any new posts. Go...
by Silk McCue
Mon Jun 17, 2019 9:38 am
Forum: Personal Finance (Not Investing)
Topic: Should wife take SS at age 62?
Replies: 6
Views: 731

Re: Should wife take SS at age 62?

Thank you for letting me know about this calulator. It was very helpful. I just now used this link/calulator and it said start her SS at 62 and 1 month. https://opensocialsecurity.com/ Excellent. I had run my rough approximation of your numbers and found the same. Glad folks could help you. Cheers
by Silk McCue
Mon Jun 17, 2019 8:38 am
Forum: Personal Investments
Topic: TIRA to Roths? help Please
Replies: 104
Views: 3489

Re: TIRA to Roths? help Please

dettom wrote:
Mon Jun 17, 2019 8:36 am
I used 2018 rate for MFJ. I do see the rates you provided are for 2019. Thank you for showing me the errors of my ways!!
Jut to be clear. You did not use the 2018 rate for MFJ - you misread the table and used the Single Rate.

Cheers
by Silk McCue
Mon Jun 17, 2019 7:46 am
Forum: Personal Investments
Topic: TIRA to Roths? help Please
Replies: 104
Views: 3489

Re: TIRA to Roths? help Please

If I read the post above correctly, you are already taking $30k a year from your IRA(s). If that is correct, that is more than your early RMDs or even your early joint RMDs will be. So there is no issue that your RMDs will push you into a higher tax bracket (unless you income goes up for some other...
by Silk McCue
Sun Jun 16, 2019 7:53 pm
Forum: Investing - Theory, News & General
Topic: Question about SPIVA and active vrs passive metrics
Replies: 11
Views: 431

Re: Question about SPIVA and active vrs passive metrics

HEDGEFUNDIE wrote:
Sun Jun 16, 2019 7:49 pm

Except the ones that do.
Rhymes are just fine most of the time.

Cheers
by Silk McCue
Sun Jun 16, 2019 7:37 pm
Forum: Investing - Theory, News & General
Topic: Question about SPIVA and active vrs passive metrics
Replies: 11
Views: 431

Re: Question about SPIVA and active vrs passive metrics

Thanks, that makes sense. However, doesn't it suggest that those active fund managers would likely be capable of beating the market with some regularity if they didn't charge fees to the investor? No it doesn’t. The ones that beat can’t repeat. That’s why Bogleheads invest the way we do. Cheers
by Silk McCue
Sun Jun 16, 2019 7:31 pm
Forum: Investing - Theory, News & General
Topic: Which schedule is better when making periodic investments into an ETF
Replies: 17
Views: 1192

Re: Which schedule is better when making periodic investments into an ETF

Since you have read a number of posts on this subject where all perspectives have already been provided, what exactly are you asking? If you received money monthly would you consider breaking it into 4 weekly investments? I wouldn’t and neither would I take quarterly income and spread it out over 3 ...
by Silk McCue
Sun Jun 16, 2019 6:08 pm
Forum: Personal Investments
Topic: TIRA to Roths? help Please
Replies: 104
Views: 3489

Re: TIRA to Roths? help Please

If total income in 2018 is $94k you are in the 12% Fed bracket MFJ. How do you come up with 24%?

Cheers
by Silk McCue
Sun Jun 16, 2019 5:08 pm
Forum: Personal Investments
Topic: TIRA to Roths? help Please
Replies: 104
Views: 3489

Re: TIRA to Roths? help Please

I'll try to answer to the best of my ability. At RMD time our total sources of income will be three fold. Social and Pensions,$66k, my SWR right now is around $30k. No mortgage, no debt except 30 day American Express card monthly living expenses.We have not used any tax deferred drawdowns and dont ...
by Silk McCue
Sun Jun 16, 2019 4:52 pm
Forum: Personal Investments
Topic: TIRA to Roths? help Please
Replies: 104
Views: 3489

Re: TIRA to Roths? help Please

When you both have reached RMD age what will be your other sources of income be and what amounts gross per year for each ( SS Pension etc) (do not include RMDs or other tax deferred drawdowns). With that info we might be able to help more.

Cheers
by Silk McCue
Sun Jun 16, 2019 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: ....Start SS at December of FRA?
Replies: 12
Views: 1275

Re: ....Start SS at December of FRA?

after playing around, and trying my alternate, then further optimizing... I'd say the true optimum was: Me at 70 / spouse at 64 ! [/b] which is a bit surprising... Using the advanced options definitely changes the calculus and thus the "surprising" answer. I really appreciate what MIke Piper has do...
by Silk McCue
Sun Jun 16, 2019 3:25 pm
Forum: Investing - Theory, News & General
Topic: VTAPX (VTIP) S/T Tips - Distribution Question
Replies: 3
Views: 313

Re: VTAPX (VTIP) S/T Tips - Distribution Question

I used the search box and found posts regarding this phenomena. This link provides the answer. https://www.bogleheads.org/forum/viewtopic.php?t=119033#p1738585 snippet by nisiprius » Mon Jul 01, 2013 12:44 pm By the way, it does seem to me that Vanguard's a little slower answering the phone than the...
by Silk McCue
Sun Jun 16, 2019 2:35 pm
Forum: Investing - Theory, News & General
Topic: Question about SPIVA and active vrs passive metrics
Replies: 11
Views: 431

Re: Question about SPIVA and active vrs passive metrics

The results are net of fees. No other comparison would be of any meaningful value to the investor. It is the bottom line that matters.

Cheers
by Silk McCue
Sun Jun 16, 2019 2:21 pm
Forum: Personal Consumer Issues
Topic: Freezing Credit issues
Replies: 8
Views: 794

Re: Freezing Credit issues

Any chance the questions matched your history since she is on two of your cards? If not, just fax in the information they are asking for.

Cheers
by Silk McCue
Sun Jun 16, 2019 2:14 pm
Forum: Personal Investments
Topic: TIRA to Roths? help Please
Replies: 104
Views: 3489

Re: TIRA to Roths? help Please

Have you read the Boglehead Wiki on this? It contains a good baseline of information regarding Roth Conversions.

Roth IRA Conversion

Cheers
by Silk McCue
Sun Jun 16, 2019 11:33 am
Forum: Personal Finance (Not Investing)
Topic: Trusted Contact.
Replies: 2
Views: 288

Re: Trusted Contact.

We are 58/60 and established each other as our trusted contacts.

Other brokerages do this as well.

Cheers
by Silk McCue
Sun Jun 16, 2019 11:14 am
Forum: Personal Finance (Not Investing)
Topic: Tax win-win - Appreciated shares contributed to a Donor Advised Fund (DAF)
Replies: 6
Views: 475

Re: Tax win-win - Appreciated shares contributed to a Donor Advised Fund (DAF)

You can donate the appreciated shares in two lots 2019 and 2020 and still avoid the capital gains tax while claiming the standard deduction so the tax benefit is not as strong as your analysis shows. If you really want to make this work from a tax perspective you should ramp up the DAF to cover 3,4,...
by Silk McCue
Sun Jun 16, 2019 10:56 am
Forum: Personal Finance (Not Investing)
Topic: With hindsight, what signs indicated you were about to lose your job?
Replies: 127
Views: 11295

Re: With hindsight, what signs indicated you were about to lose your job?

It is wise to always be working on improving your value to your company or the next company you work. Today is always a good day to building strong networks. Not that you can control the future of all reasons a company might let you go but you can ask yourself what you could be doing now within your...
by Silk McCue
Sun Jun 16, 2019 10:35 am
Forum: Personal Finance (Not Investing)
Topic: Audio Books - Personal Finance for Age 60+
Replies: 3
Views: 378

Re: Audio Books - Personal Finance for Age 60+

I used the search box and found this thread from January. The answers provided are a great place to start.

viewtopic.php?t=269558

Cheers
by Silk McCue
Sat Jun 15, 2019 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: ....Start SS at December of FRA?
Replies: 12
Views: 1275

Re: ....Start SS at December of FRA?

The formatting makes this very difficult to read for me and possibly for others. It appears pasted from a formatted source which doesn’t translate well here.

Cheers
by Silk McCue
Sat Jun 15, 2019 6:24 pm
Forum: Personal Consumer Issues
Topic: USPS Routing: Could This Make Any Sense at All?
Replies: 3
Views: 577

Re: USPS Routing: Could This Make Any Sense at All?

I’m sorry to notify that you won’t be able to drive your car for a week in order to make up for this carbon footprint transgression.

What is the title of the book? “Take the Long Way Home”?

Cheers
by Silk McCue
Sat Jun 15, 2019 6:59 am
Forum: Personal Investments
Topic: Incentive for choosing traditional over Roth IRA in Pennsylvania?
Replies: 7
Views: 692

Re: Incentive for choosing traditional over Roth IRA in Pennsylvania?

How would this apply to 401K’s in PA? Traditional vs Roth. The same? From a web search Pennsylvania's tax treatment of 401(k) plans is essentially the opposite from the federal system's. In Pennsylvania, your 401(k) contributions are fully taxable in the year you make them. Investment profits are s...
by Silk McCue
Fri Jun 14, 2019 3:01 pm
Forum: Personal Investments
Topic: Incentive for choosing traditional over Roth IRA in Pennsylvania?
Replies: 7
Views: 692

Re: Incentive for choosing traditional over Roth IRA in Pennsylvania?

What is your marginal Fed Rate compared to PA rate of 3 .07%?

Traditional still reduces your federal tax so it is beneficial as it offsets the state income tax. Roth gives you no tax benefit in the present.

Cheers
by Silk McCue
Fri Jun 14, 2019 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: Collection agency destroyed my credit report
Replies: 20
Views: 3388

Re: Collection agency destroyed my credit report

Re: Collection agency destroyed my credit report Post by megabad » Fri Jun 14, 2019 12:17 pm Option C: Wait 7 years. i do not understand it --option C; 7 years 7 years is how long it takes for most derogatory information to fall off of your credit report. Follow the advice to dispute the informatio...
by Silk McCue
Fri Jun 14, 2019 1:56 pm
Forum: Personal Investments
Topic: vanguard Target Date funds to lower ERs??
Replies: 7
Views: 868

Re: vanguard Target Date funds to lower ERs??

Where did you read that? A recognized publication, a blog, a ... ERs are already dirt cheap on ETFs and any reduction would have minimal (although welcome) impact on long term returns compared to all those that invest unwisely in high ER funds with brokers that charge AUM fees. Cheers It was referr...
by Silk McCue
Fri Jun 14, 2019 1:38 pm
Forum: Personal Investments
Topic: Social Security Retirement Age
Replies: 20
Views: 3421

Re: Social Security Retirement Age

I know my ideas on when to take Social Security are not supported by most. When I seriously started my retirement planning 25 years ago I plugged in the payout at 50% of projections - just to cover for some type of future reduction/taxation. Luckily, when I took mine at 62, the payout was still at ...