Search found 5183 matches

by Silk McCue
Mon Apr 12, 2021 7:06 am
Forum: Personal Consumer Issues
Topic: Flooring decisions for whole house - tile vs laminate
Replies: 25
Views: 2065

Re: Flooring decisions for whole house - tile vs laminate

Did you give consideration to LVP? Cheers Yes. Plenty of reports out there about fading due to sun. Revwood appears to be the better of the two. Interesting and disappointing to hear. LVT is what I was planning on going with if I ever had to replace floors. I would not go tile in bedrooms, having l...
by Silk McCue
Sun Apr 11, 2021 8:30 pm
Forum: Personal Investments
Topic: Paying taxes on CG when estimated taxes are required
Replies: 5
Views: 415

Re: Paying taxes on CG when estimated taxes are required

From an IRS perspective you can’t go wrong in paying the full amount due for the CG in Q1 from a reporting perspective. That payment matches the quarter in which it was earned.

Cheers
by Silk McCue
Sun Apr 11, 2021 8:17 pm
Forum: Personal Consumer Issues
Topic: Flooring decisions for whole house - tile vs laminate
Replies: 25
Views: 2065

Re: Flooring decisions for whole house - tile vs laminate

Did you give consideration to LVP?

Cheers
by Silk McCue
Sun Apr 11, 2021 8:09 pm
Forum: Personal Finance (Not Investing)
Topic: Estimated Taxes - Necessary now?
Replies: 3
Views: 350

Re: Estimated Taxes - Necessary now?

Estimated payments aren’t required. If you figure out later that you will need to pay more taxes than is being taken out from your withholding due to your brokerage account just bump up your withholding. If your taxes are only paid from withholding and they satisfy IRS safe harbor you are golden. Th...
by Silk McCue
Sun Apr 11, 2021 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: No longer kicking myself for not doing Roth Conversions in 2019
Replies: 1
Views: 594

Re: No longer kicking myself for not doing Roth Conversions in 2019

Glad this worked out well for you. Congrats. I am still very glad we converted $116k to Roth in 2019. Didn't file 2019 tax return until after stimulus check was received in the first week in May so they used our 2018 tax return and rcvd the full stimulus. Didn't get our $600 rounds until we filed ou...
by Silk McCue
Sun Apr 11, 2021 5:11 pm
Forum: Personal Investments
Topic: Investing in the water business
Replies: 1
Views: 418

Re: Investing in the water business

Googling “investing in water” provides instant resources. I spent a few minutes looking.

It sounds trendy and is likely in the news. Not a good reason to invest.

Cheers
by Silk McCue
Sat Apr 10, 2021 9:12 pm
Forum: Personal Finance (Not Investing)
Topic: [Spouse recently passed away. Please help me handle his financial matters]
Replies: 89
Views: 4887

Re: So what is wrong with not investing?

So very sorry for your loss. Please hold off on opening more new posts for the moment. In order for folks to help you with this the information and questions need to be kept together so that a complete picture can be addressed. An administrator will come along to help.

Cheers
by Silk McCue
Sat Apr 10, 2021 8:24 pm
Forum: Personal Investments
Topic: Annuity statement. Not sure how this works?
Replies: 27
Views: 1544

Re: Annuity statement. Not sure how this works?

Rex66 wrote: Sat Apr 10, 2021 8:18 pm You have a variable annuity

It was a bad decision to purchase but at this point it isn’t clear if you have any need for guaranteed income or what riders you may have purchased
To be clear OP didn’t purchase this. Their significant others parents did in their childhood.

Cheers
by Silk McCue
Sat Apr 10, 2021 3:42 pm
Forum: Personal Investments
Topic: Roth IRA 5 year rule (over 59.5) question.
Replies: 8
Views: 684

Re: Roth IRA 5 year rule (over 59.5) question.

Does it reset a clock if you transferred a Roth account from TD to Vanguard (opened a new Roth account in VG)? No. The first account ever opened, wherever is what matters for the clock. BTW - You could have 10 individual Roth accounts and they would all be considered your "Roth" when it c...
by Silk McCue
Sat Apr 10, 2021 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: Gift Tax form 709
Replies: 13
Views: 783

Re: Gift Tax form 709

Because it’s required by the IRS and not open for debate.

You would be better served asking for help with the form so that you can learn how to comply with the requirements.

Anything beyond that is just a rant.

Cheers
by Silk McCue
Sat Apr 10, 2021 2:12 pm
Forum: Investing - Theory, News & General
Topic: Traditional IRA to Roth IRA - backdoor
Replies: 4
Views: 352

Re: Traditional IRA to Roth IRA - backdoor

Let me recommend you read the full Wiki in order to get the fullest education. It exists for that purpose.

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

Cheers
by Silk McCue
Fri Apr 09, 2021 8:56 pm
Forum: Personal Finance (Not Investing)
Topic: I should know...Transfer Ownership of 529 to the Beneficiary?
Replies: 3
Views: 467

Re: I should know...Transfer Ownership of 529 to the Beneficiary?

I used the search box for “transfer ownership of 529” and found the following:

viewtopic.php?p=4958185#p4958185

Cheers
by Silk McCue
Fri Apr 09, 2021 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth IRA and Pro-rata Rule
Replies: 13
Views: 652

Re: Backdoor Roth IRA and Pro-rata Rule

Welcome to Bogleheads!

Yes it will be avoided.

As long as you have zero $ in any and all tax deferred IRAs on 12/31/2021 of the year in which you perform the Backdoor Roth you will not have an issue with the pro rata rule.

Cheers
by Silk McCue
Fri Apr 09, 2021 8:21 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security decsion
Replies: 7
Views: 894

Re: Social Security decsion

Welcome to Bogleheads! We get lots of posts like these. Mike Piper a member here and published author developed an exceptionally powerful tool that you can use without cost and with complete anonymity. It is very likely that you being older and with a lower FRA would be recommended to claim now and ...
by Silk McCue
Fri Apr 09, 2021 8:07 pm
Forum: Personal Investments
Topic: Roll over IRA adn Self Directed IRA
Replies: 7
Views: 376

Re: Roll over IRA adn Self Directed IRA

Here’s what I know/believe. 1) The transfer of the quarterly dividends has to be custodian to custodian as you are only able to make one indirect rollover per year (as in 365/366 days point to point) from any of your IRAs. Serious IRS issues if you violate that rule. This issue is not specific to a ...
by Silk McCue
Fri Apr 09, 2021 6:16 pm
Forum: Personal Investments
Topic: Roll over IRA adn Self Directed IRA
Replies: 7
Views: 376

Re: Roll over IRA adn Self Directed IRA

Can you clarify the reason for the desired machinations?

Cheers
by Silk McCue
Fri Apr 09, 2021 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: HSA advice Jane Quinn How to Make Your Money Last
Replies: 42
Views: 3627

Re: HSA advice Jane Quinn How to Make Your Money Last

Ignore her on this matter.

She isn’t you. Do what’s right for you.

Cheers
by Silk McCue
Fri Apr 09, 2021 12:21 pm
Forum: Personal Investments
Topic: IRA, Roth Taxable
Replies: 7
Views: 521

Re: Roth - IRA - Taxable -- how to allocate investment types

We have a Wiki page for this topic.

https://www.bogleheads.org/wiki/Tax-eff ... _placement

FYI - 70 is the latest to claim Social Security. 72 is the age for required RMDs.

Cheers
by Silk McCue
Fri Apr 09, 2021 12:17 pm
Forum: Investing - Theory, News & General
Topic: Can this be true? [CNBC: Investors put more money into stocks]
Replies: 21
Views: 3027

Re: Can this be true?

It is possibly connected to undisciplined investors bailing on the market in mass and then getting back in. Cheers We've also had a record amount of stimulus from the fed and into the hands of people. True, but the bulk of the nation have zero holdings in the stock market and actually needed to spe...
by Silk McCue
Fri Apr 09, 2021 12:02 pm
Forum: Investing - Theory, News & General
Topic: Can this be true? [CNBC: Investors put more money into stocks]
Replies: 21
Views: 3027

Re: Can this be true?

It is possibly connected to undisciplined investors bailing on the market in mass and then getting back in.

Cheers
by Silk McCue
Fri Apr 09, 2021 10:44 am
Forum: Personal Finance (Not Investing)
Topic: Helping Mom With Social Security
Replies: 9
Views: 1066

Re: Helping Mom With Social Security

I used opensocialsecurity.com which is widely used and highly regarding on Bogleheads and got different (lesser) results than you did. This may of course be an input error on my part. I have included a link that encapsulates the data entered so that you can look at it and edit it if needed. Benefit ...
by Silk McCue
Fri Apr 09, 2021 10:12 am
Forum: Personal Investments
Topic: Lump sum - now or later?
Replies: 7
Views: 1075

Re: Lump sum - now or later?

Depends on your overall portfolio, investment strategy, asset allocation, and preference. It is a 3.2% annual return for 10 years. +1 Depending on your other holdings I would consider this a bond like component of my portfolio and adjust my equities to compensate. 3.2% is a great rate in that role....
by Silk McCue
Fri Apr 09, 2021 9:41 am
Forum: Personal Investments
Topic: Recharacterization screwup - Can this be fixed?
Replies: 3
Views: 333

Re: Recharacterization screwup - Can this be fixed?

The phone calls are recorded. If it turns out that they recharacterized the wrong year based upon what you told them on that call then they will need to fix it. I would give them a call to discuss.

Cheers
by Silk McCue
Fri Apr 09, 2021 6:35 am
Forum: Personal Investments
Topic: Sell expensive Hartford funds?
Replies: 23
Views: 1541

Re: Sell expensive Hartford funds?

dan7800 wrote: Fri Apr 09, 2021 6:28 am
Thank you very much. The last thing that I want to do is anything illegal, so this knowledge of what is legal and not legal is extremely beneficial.
You are certainly welcome.

Cheers
by Silk McCue
Fri Apr 09, 2021 6:24 am
Forum: Personal Investments
Topic: Sell expensive Hartford funds?
Replies: 23
Views: 1541

Re: Sell expensive Hartford funds?

I will be having my first child soon. What if the family member decided to keep some of the funds for themselves, and then decided to put some of the $$ into a 529 for the child? Would my rationale of gifting the funds to family members who make <80k and having them immediately sell the funds for t...
by Silk McCue
Fri Apr 09, 2021 5:34 am
Forum: Personal Investments
Topic: Sell expensive Hartford funds?
Replies: 23
Views: 1541

Re: Sell expensive Hartford funds?

Thanks for the help all. One thing that I am currently looking into is if I can gift many of the shares to family members who make <$80K/year. Then they could sell the stocks and not pay LT CG due to them making less than the 80K threshold. That would be very generous of you. Some people try to avo...
by Silk McCue
Thu Apr 08, 2021 8:58 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your View Of the Fidelity 2% Cash Back Visa Credit Card
Replies: 60
Views: 4871

Re: What's Your View Of the Fidelity 2% Cash Back Visa Credit Card

You’re miffed because Fidelity didn’t decide to become a credit card company but rather branded one with 2% cashback for it’s customers?

Cheers
by Silk McCue
Thu Apr 08, 2021 6:52 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Portfolio Watch has a new look
Replies: 98
Views: 7538

Re: Portfolio Watch change on Vanguard website

Yes. When i click on Holdings by Asset Type they are all displayed with each being a percentage of the portfolio.

Cheers
by Silk McCue
Thu Apr 08, 2021 6:40 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Portfolio Watch has a new look
Replies: 98
Views: 7538

Re: Portfolio Watch change on Vanguard website

I just double checked mine. The outside investments I track do show up, I just have to drill down to see them.

Cheers
by Silk McCue
Thu Apr 08, 2021 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: Value of a single mortgage servicer?
Replies: 4
Views: 336

Re: Value of a single mortgage servicer?

An 1/8th of a point.

Cheers
by Silk McCue
Thu Apr 08, 2021 5:19 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 14328
Views: 1104787

Re: U.S. stocks continue to soar!

So, I've never really paid attention to this, but it looks like indexes stop moving when the markets close, while underlying stocks, and so funds that track the indexes, continue to trade after hours. So, while the S&P 500 index closed just a hair under 4100, funds that track the index have mov...
by Silk McCue
Thu Apr 08, 2021 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: when to claim social security: self and spouse
Replies: 8
Views: 701

Re: when to claim social security: self and spouse

So I ran the numbers on the link you included and it advises that we don't claim until I'm 70 and she's 71. I'm not sure that makes sense in our case. I ran your numbers in the calculator and got the same result. I scrolled down and set alternate start dates. I set your start date to age 70 and the...
by Silk McCue
Thu Apr 08, 2021 12:24 pm
Forum: Investing - Theory, News & General
Topic: Margin instead of withdrawals
Replies: 5
Views: 521

Re: Margin instead of withdrawals

FYI - there are threads here regarding the use of a HELOC in retirement to stay under the ACA cliff for a couple of years or so. Certainly similar in nature to what you describe.

Cheers
by Silk McCue
Thu Apr 08, 2021 7:05 am
Forum: Personal Investments
Topic: Sell expensive Hartford funds?
Replies: 23
Views: 1541

Re: Sell expensive Hartford funds?

The other fund that I've owned for a while (was gifted to me) is AMECX (ER .57). My LT capital gains on this is ~22k A backtest doesn't appear too favorable vs VTI - which is what I would convert this to. https://www.google.com/finance/quote/VTI:NYSEARCA?comparison=MUTF%3AAMECX&window=5Y Accord...
by Silk McCue
Thu Apr 08, 2021 5:56 am
Forum: Personal Investments
Topic: Sell expensive Hartford funds?
Replies: 23
Views: 1541

Re: Sell expensive Hartford funds?

For conducting the sale in the most tax efficient manner, this is where I am still a bit confused. - Does this mean I should coordinate the sales to not push me into a higher track? - Or are we referring to other actions that could be taken (eg charitable donations, coordinating with losses, etc......
by Silk McCue
Wed Apr 07, 2021 9:13 pm
Forum: Personal Finance (Not Investing)
Topic: Roth 401k RMD's
Replies: 10
Views: 797

Re: Roth 401k RMD's

Sasquatch1 wrote: Wed Apr 07, 2021 9:01 pm Someone correct me if I’m wrong but..

They force you to take the RMDs but it’s not taxable income. Could either use it or just reinvest it.
You are correct. You simply can’t reinvest it with the same tax efficiency as it had within the Roth 401k. No RMDs is superior.

Cheers
by Silk McCue
Wed Apr 07, 2021 9:10 pm
Forum: Personal Investments
Topic: Sell expensive Hartford funds?
Replies: 23
Views: 1541

Re: Sell expensive Hartford funds?

Thank you very much everyone for the helpful advice. A few things: Is one thing that is not being considered the tax implications of retaining this actively managed funds? I assume that this would be an argument against keeping them Could I look at it in the sense that I will either be paying these...
by Silk McCue
Wed Apr 07, 2021 8:45 pm
Forum: Personal Finance (Not Investing)
Topic: Roth 401k RMD's
Replies: 10
Views: 797

Re: Roth 401k RMD's

Yes you can roll it to a Roth IRA and avoid RMDs. There will be no taxes due on that rollover and it does not count as income for tax purposes. There are five year rules associated with Roth withdrawals that come into play. Take a look at this article for a quick education. https://www.schwab.com/re...
by Silk McCue
Wed Apr 07, 2021 1:55 pm
Forum: Personal Consumer Issues
Topic: American Air ticket refunds?
Replies: 11
Views: 938

Re: American Air ticket refunds?

Wanted to post an update. I cancelled the flights before I left to drive to the children’s hospital. Then sent the refund request with a physician’s note when we got back home 10 days later. American Air said the tickets were non refundable, but did give us credits. Happy with the results and our c...
by Silk McCue
Wed Apr 07, 2021 1:53 pm
Forum: Personal Investments
Topic: recently retired -- should I move $7K from brokerage to a Roth IRA?
Replies: 4
Views: 416

Re: recently retired -- should I move $7K from brokerage to a Roth IRA?

No reason not to make the Roth contribution and look into doing Roth conversions as well. ... That isn't necessarily true. As I stated "It all depends on your financial plan and income details." We do not know the OP's specific details. If choosing to contribute $7k to a Roth and paying t...
by Silk McCue
Wed Apr 07, 2021 11:42 am
Forum: Personal Investments
Topic: recently retired -- should I move $7K from brokerage to a Roth IRA?
Replies: 4
Views: 416

Re: recently retired -- should I move $7K from brokerage to a Roth IRA?

That is a reasonable thing to do. However, since your income is lower you MAY be better off performing a Roth conversion and paying the taxes with the funds from your taxable account. It all depends on your financial plan and income details.

Cheers
by Silk McCue
Wed Apr 07, 2021 9:37 am
Forum: Personal Finance (Not Investing)
Topic: [Third stimulus payment - mega-thread]
Replies: 362
Views: 25868

Re: [Third stimulus payment - mega-thread]

My elderly relatives received their 3rd stimulus payment via direct deposit today into the same account where they receive their Social Security and their 1st and 2nd stimulus payments. They never updated any information with IRS and do not file tax returns. So it looks like the Social Security Adm...
by Silk McCue
Wed Apr 07, 2021 6:52 am
Forum: Personal Investments
Topic: Sell expensive Hartford funds?
Replies: 23
Views: 1541

Re: Sell expensive Hartford funds?

Welcome to Bogeheads! I would definitely sell these funds in taxable and move to low cost diversified funds. However, I would encourage you to model the tax consequences of selling all or a portion of them as the long term gains are taxed at favorable capital gain rates. It could be that doing this ...
by Silk McCue
Wed Apr 07, 2021 6:43 am
Forum: Investing - Theory, News & General
Topic: info provided by Vanguard "personal performance" page, for a security
Replies: 8
Views: 698

Re: info provided by Vanguard "personal performance" page, for a security

This does make sense. And no I don't believe VG should complicate the reporting in order to support your desired view. You will need to manually track this in a spreadsheet if it is important to you.

Cheers
by Silk McCue
Tue Apr 06, 2021 8:17 pm
Forum: Personal Investments
Topic: Roth Conversion Timing
Replies: 10
Views: 754

Re: Roth Conversion Timing

Yes, I just had a separate question regarding the timing of the conversion. Specifically, I was wondering if it mattered when the conversion occurred. I was worried my question would get lost in my other thread and decided to start a new one. I don't mean to clog up the forum with similar threads a...
by Silk McCue
Tue Apr 06, 2021 7:53 pm
Forum: Personal Investments
Topic: Roth Conversion Timing
Replies: 10
Views: 754

Re: Roth Conversion Timing

Make sure you tell your 2020 tax software that you made a Traditional IRA contribution for 2020 tax year. If the contribution is non-deductible, it will enter $6000 IRA basis into form 8606 which will carry forward to the 2021 form 8606 and help reduce the taxable amount of the conversion that happ...
by Silk McCue
Tue Apr 06, 2021 7:42 pm
Forum: Personal Investments
Topic: Roth Conversion Timing
Replies: 10
Views: 754

Re: Roth Conversion Timing

You received the correct answer to this question a few days ago in your first post below. https://www.bogleheads.org/forum/viewtopic.php?f=1&t=345057&p=5922319#p5922319 You have also received correct answers here. Are the answers clear or do you have a follow-up question or need any clarific...
by Silk McCue
Tue Apr 06, 2021 1:50 pm
Forum: Investing - Theory, News & General
Topic: How much do you spend annually in retirement?
Replies: 112
Views: 10386

Re: How much do you spend annually in retirement?

The search bar upper right corner of this page is your friend.

Below is a post from January 2021 with 112 replies.

viewtopic.php?t=335148&start=50

Cheers
by Silk McCue
Tue Apr 06, 2021 1:45 pm
Forum: Personal Investments
Topic: Roth conversion
Replies: 28
Views: 1775

Re: Roth conversion

Thank you all for suggestions. I just did another question with similar question, but with idea of putting money in core account with Roth. I have not figured out how to reply to a particular comment! You click on the “ in the upper right hand corner of the post that you want to quote in your reply...