Search found 948 matches

by Silk McCue
Mon Jul 16, 2018 6:26 am
Forum: Investing - Help with Personal Investments
Topic: Should I simplify my portfolio and switch from 3 fund to 2 fund portfolio?
Replies: 45
Views: 1942

Re: Does it make sense to change 3 fund portfolio into 2 fund portfolio by switching VTI and VXUS with VT?

You already have an open thread on this subject from Sunday morning. In that thread the analysis of the expense ratio was already expressed and acknowledged by you before you posted this thread this morning.

viewtopic.php?f=1&t=253997&p=4022178#p4020665

Cheers
by Silk McCue
Sun Jul 15, 2018 3:19 pm
Forum: Personal Finance (Not Investing)
Topic: RMD + Federal taxes
Replies: 19
Views: 1417

Re: RMD + Federal taxes

That's great. Good to know that your local office is that efficient!

Cheers
by Silk McCue
Sat Jul 14, 2018 9:15 pm
Forum: Investing - Help with Personal Investments
Topic: Inlaws need $50k loan for new home, hard time finding lenders
Replies: 17
Views: 2297

Re: Inlaws need $50k loan for new home, hard time finding lenders

A couple of thoughts. Borrow from the 401k but make that $50k part of the bond portion of their asset allocation. They just need to increase the equity side after they take the loan. Assuming they are credit worthy I would suggest a Home Equity Loan be taken out to repay the loan as it would be bett...
by Silk McCue
Sat Jul 14, 2018 8:53 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation among different type of accounts?
Replies: 2
Views: 240

Re: Asset Allocation among different type of accounts?

Their is a Bogleheads Wiki page for this. Wiki is searchable for future reference.

https://www.bogleheads.org/wiki/Asset_a ... e_accounts

Cheers
by Silk McCue
Sat Jul 14, 2018 8:11 pm
Forum: Investing - Theory, News & General
Topic: COMING SOON: BOGLEHEADS PODCASTS
Replies: 341
Views: 10151

Re: COMING SOON: BOGLEHEADS PODCASTS

AND WE HAVE A WINNER! In this post, https://www.bogleheads.org/forum/viewtopic.php?p=4016970#p4016970 mpt fan got it exact, so we're declaring him the winner of an autographed copy of Taylor's new book. So now I need mpt to PM me with his real name and address so Taylor can send the book. In this p...
by Silk McCue
Sat Jul 14, 2018 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Tax Hump vs. Tax Torpedo
Replies: 18
Views: 2000

Re: Social Security Tax Hump vs. Tax Torpedo

aebknb wrote:
Sat Jul 14, 2018 7:06 pm
Thanks for the input!

aebknb
You are welcome! And by the way, welcome to Bogleheads! There is alot that can be learned here.

Cheers
by Silk McCue
Sat Jul 14, 2018 6:56 pm
Forum: Investing - Help with Personal Investments
Topic: transferring funds from individual 401k to T Ira?
Replies: 6
Views: 299

Re: transferring funds from individual 401k to T Ira?

The ER difference on $100k is $100 per year between .04% and .14%. It’s real but not dramatically significant.

Cheers
by Silk McCue
Sat Jul 14, 2018 5:13 pm
Forum: Investing - Help with Personal Investments
Topic: Retiring in early 2019.
Replies: 30
Views: 2763

Re: Retiring in early 2019

You already have an open thread with this very same title with additional information and feedback from others. Did you mean to start this new thread?

viewtopic.php?f=1&t=249988

Cheers
by Silk McCue
Sat Jul 14, 2018 2:18 pm
Forum: Personal Consumer Issues
Topic: How do you back up Quicken?
Replies: 15
Views: 788

Re: How do you back up Quicken?

You do not need to back up both of these to Google Drive just the -backup copy
The backup file is all you will need if it all goes to heck in a hand basket. That's why backing up regularly is so important.

Cheers
by Silk McCue
Sat Jul 14, 2018 2:15 pm
Forum: Investing - Help with Personal Investments
Topic: massive Roth conversion
Replies: 39
Views: 3080

Re: massive Roth conversion

I hope I’m not jacking this thread, but I thought one of the more valuable reasons of converting to Roth (for a MFJ household) was to lower eventual RMD’s, so that when the first person passes, the second isn’t forced into a much higher tax bracket. Is that still a correct assumption? This was refe...
by Silk McCue
Sat Jul 14, 2018 1:46 pm
Forum: Personal Consumer Issues
Topic: Amazon won't sell this book to me.
Replies: 68
Views: 8272

Re: Amazon won't sell this book to me.

The web says amazon's lowest paid workers make about $12 an hour. The least skilled library employees (book stackers, etc.) in my town make about $18 an hour. Just because there are people desperate for jobs does not mean they should be paid like dirt. Now this is getting political just like I knew...
by Silk McCue
Sat Jul 14, 2018 1:35 pm
Forum: Personal Consumer Issues
Topic: How do you back up Quicken?
Replies: 15
Views: 788

Re: How do you back up Quicken?

The QDF file is your Primary Quicken Data File and gets freshly updated before the backup copy is created. You do not need to back up both of these to Google Drive just the -backup copy. I set my backup location to my Dropbox so I do not have to manually move it.

Cheers
by Silk McCue
Sat Jul 14, 2018 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Tax Hump vs. Tax Torpedo
Replies: 18
Views: 2000

Re: Social Security Tax Hump vs. Tax Torpedo

The Tax Torpedo is The Hump as far as I know. Lots of different types of income including Pensions, Tax Deferred withdrawals, Capital Gains, etc as well as Social Security Benefits all participate in driving you towards the the Torpedo/Hump. Regardless of the term used once you enter it you will eve...
by Silk McCue
Sat Jul 14, 2018 12:46 pm
Forum: Investing - Help with Personal Investments
Topic: transferring funds from individual 401k to T Ira?
Replies: 6
Views: 299

Re: transferring funds from individual 401k to T Ira?

Transferring a 401k to a tIRA is done day in and day out at Vanguard and others. This is not a taxable event. Your friend should contact Vanguard support and tell them they want to transfer in their 401k to their IRA. Vanguard will tell them what they need to do. FYI - Complete sentences are easier ...
by Silk McCue
Sat Jul 14, 2018 12:26 pm
Forum: Investing - Theory, News & General
Topic: COMING SOON: BOGLEHEADS PODCASTS
Replies: 341
Views: 10151

Re: COMING SOON: BOGLEHEADS PODCASTS

Bogleheads on Investing --- here https://www.bogleheads.org/forum/viewtopic.php?f=10&t=253789&start=100#p4016970 Gracias por leer ~cfs~ The first reference to include this phrase is as follows: "Follow a Winner - Bogleheads on Investing" https://www.bogleheads.org/forum/viewtopic.php?f=10&t=253789&...
by Silk McCue
Fri Jul 13, 2018 10:03 pm
Forum: Personal Finance (Not Investing)
Topic: Which brokerage is best for backdoor Roth
Replies: 3
Views: 430

Re: Which bank is best for backdoor Roth

I expect it would be very easy to do at either Schwab or Fidelity since you have brokerage accounts there. I personally wouldn’t use a bank for this purpose given the limited investment options.

Cheers
by Silk McCue
Fri Jul 13, 2018 9:47 pm
Forum: Personal Consumer Issues
Topic: Amazon won't sell this book to me.
Replies: 68
Views: 8272

Re: Amazon won't sell this book to me.

It's quite simple to get an ebook from my library, and unlike Amazon, it doesn't cost anything and the library workers are paid enough so that they don't have to use food stamps . The selection is quite wide. Nice swipe at Amazon suggesting that their employees are on food stamps because we all kno...
by Silk McCue
Fri Jul 13, 2018 2:39 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth IRA Question
Replies: 2
Views: 237

Re: Backdoor Roth IRA Question

The short answer is no you can't without doing some legwork by making the balance in the Simple IRA $0. This has been discussed in other threads here at Bogleheads. The link to the article I found with a single quote pulled out for ease of reading. https://www.physicianonfire.com/backdoor/ While inc...
by Silk McCue
Fri Jul 13, 2018 9:11 am
Forum: Investing - Help with Personal Investments
Topic: massive Roth conversion
Replies: 39
Views: 3080

Re: massive Roth conversion

There is no magic bullet that would help here. The Federal tax bill would be "devastating" at $300,499 on $1,000,000 Taxable Income and is payable and due in the year the income is recognized. I used http://www.taxplancalculator.com for this. Married Filing Jointly Federal Tax Only $1,000,000 taxabl...
by Silk McCue
Thu Jul 12, 2018 7:09 pm
Forum: Investing - Theory, News & General
Topic: COMING SOON: BOGLEHEADS PODCASTS
Replies: 341
Views: 10151

Re: COMING SOON: BOGLEHEADS PODCASTS

Bogleheads Exposed

Bogleheads Unleashed

Bogleheads Revealed

Bogleheads Uncovered



Someone suggested edgy - so there you go.

Cheers
by Silk McCue
Thu Jul 12, 2018 5:42 pm
Forum: Local Chapters and Bogleheads Community
Topic: Post your Financial Milestone Announcements Here
Replies: 408
Views: 40169

Re: Reached 7 figure

Congratulations! Onward and upward.

Cheers
by Silk McCue
Thu Jul 12, 2018 5:22 pm
Forum: Investing - Help with Personal Investments
Topic: Consider an Annuity for AA When Rebalancing?
Replies: 4
Views: 267

Re: Consider an Annuity for AA When Rebalancing?

My recommendation would be to consider the $50k Annuity as a base of income along with Social Security (assuming she receives that) and then determine an appropriate AA based on need, willingness and ability to take risk in order to satisfy any current and future needs above that base.

Cheers
by Silk McCue
Thu Jul 12, 2018 11:52 am
Forum: Investing - Theory, News & General
Topic: COMING SOON: BOGLEHEADS PODCASTS
Replies: 341
Views: 10151

Re: COMING SOON: BOGLEHEADS PODCASTS

The Bogleheads Beat

Bogleheads By The Numbers

Cheers
by Silk McCue
Thu Jul 12, 2018 10:03 am
Forum: Investing - Help with Personal Investments
Topic: Inherited IRA slowly funneled into Roth IRA
Replies: 9
Views: 788

Re: Inherited IRA slowly funneled into Roth IRA

I don't think you are allowed to convert an Inherited IRA to a Roth IRA. You are correct BarbK. I edited my post to reflect my error. Very non type A of me to do so. I found this clarifying statement. If you inherit an IRA from someone other than your spouse, you cannot convert it to a Roth IRA. As...
by Silk McCue
Thu Jul 12, 2018 7:11 am
Forum: Investing - Help with Personal Investments
Topic: Inherited IRA slowly funneled into Roth IRA
Replies: 9
Views: 788

Re: Inherited IRA slowly funneled into Roth IRA

Edit: thanks to BarbK’s post I realized that I misremembered the rules on Inherited IRA’s for non spouses. My apologies for the error. The fact is If you inherit an IRA from someone other than your spouse, you cannot convert it to a Roth IRA. Assets in a 401(k) can be converted, but few do so. Getti...
by Silk McCue
Thu Jul 12, 2018 5:34 am
Forum: Investing - Help with Personal Investments
Topic: Target date funds....unsophisticated?
Replies: 64
Views: 4439

Re: Target date funds....unsophisticated?

JustinR wrote:
Thu Jul 12, 2018 1:53 am
You're going to have to provide a link to this post because I don't believe anyone here would say that. Or mean it in the way you're thinking.
If you had read the thread you would have found the source of the quote.

Cheers
by Silk McCue
Wed Jul 11, 2018 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: Ex wants to use me for Joint and Survivor Annuity to forward to kids
Replies: 32
Views: 1707

Re: Ex wants to use me for Joint and Survivor Annuity to forward to kids

The OP’s ex should take the monthly net after tax difference between the Sole Annuitant and the Joint Annuitant plan he would take with the OP and see how much Term Insurance he can qualify for, and afford, for 15 - 30 years and buy it with his children as his beneficiaries. Whole Life is an option ...
by Silk McCue
Wed Jul 11, 2018 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: Ex wants to use me for Joint and Survivor Annuity to forward to kids
Replies: 32
Views: 1707

Re: Ex wants to use me for Joint and Survivor Annuity to forward to kids

It sounds like he wants his pension to go to his kids and that's one way to potentially do it. But as noted, parents are not married, and only a spouse can collect on the Joint and Survivor option (as I understand it), unless possibly there is a court order (i.e., QDRO). Maybe he's thinking the ups...
by Silk McCue
Wed Jul 11, 2018 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: Ex wants to use me for Joint and Survivor Annuity to forward to kids
Replies: 32
Views: 1707

Re: Ex wants to use me for Joint and Survivor Annuity to forward to kids

PoppyA wrote:
Wed Jul 11, 2018 5:20 pm
He can’t just name them in equal parts?
Annuitized Pensions don’t work that way.

Cheers
by Silk McCue
Wed Jul 11, 2018 5:29 pm
Forum: Investing - Help with Personal Investments
Topic: VTSMX vs VITSX
Replies: 10
Views: 707

Re: VTSMX vs VITSX

I Googled VITSX and found the following: Vanguard Total Stock Market Index Fund Institutional Shares (VITSX)

Just a different class of the same fund.

Cheers
by Silk McCue
Wed Jul 11, 2018 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: Ex wants to use me for Joint and Survivor Annuity to forward to kids
Replies: 32
Views: 1707

Re: Ex wants to use me for Joint and Survivor Annuity to forward to kids

Did your divorce decree specify how this pension would be handled? It could have been decreed that you would/could be a joint annuitant. https://www.divorceny.com/e-d/mandating-a-pensions-50-joint-and-survivor-option-in-a-divorce-2/ Cheers Then why would the ex be asking her permission? I have no i...
by Silk McCue
Wed Jul 11, 2018 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: Ex wants to use me for Joint and Survivor Annuity to forward to kids
Replies: 32
Views: 1707

Re: Ex wants to use me for Joint and Survivor Annuity to forward to kids

Did your divorce decree specify how this pension would be handled? It could have been decreed that you would/could be a joint annuitant.

https://www.divorceny.com/e-d/mandating ... divorce-2/

Cheers
by Silk McCue
Wed Jul 11, 2018 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: Home equity loan for a business quandary
Replies: 30
Views: 1139

Re: Home equity loan for a business quandary

This is a big issue. My first task in determining what to do would be to honestly answer one question if any action is taken. What could possibly go wrong? (a Jeremy Clarkson accent is acceptable) Unfortunately, the answer is: He stops making payments. I say to just stay out of it. Not certain that...
by Silk McCue
Wed Jul 11, 2018 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: RMD + Federal taxes
Replies: 19
Views: 1417

Re: RMD + Federal taxes

Almost there wrote:
Wed Jul 11, 2018 3:18 pm
Went to the Social Security office this morning and dropped off my W-4 form in an envelope in their box.
Excellent!

Cheers
by Silk McCue
Wed Jul 11, 2018 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: Dad asked for my help on pension decision that I do not understand
Replies: 43
Views: 3273

Re: Dad asked for my help on pension decision that I do not understand

Not disputing the numbers above but a question: What is the tax impact of taking the lump sum and then buying the annuity? If the 63,021 is "taxed down", then the comparison might not quite be apples to apples A work pension/annuity is an employee benefit, so one would hope it is better than could ...
by Silk McCue
Wed Jul 11, 2018 10:58 am
Forum: Personal Finance (Not Investing)
Topic: Home equity loan for a business quandary
Replies: 30
Views: 1139

Re: Home equity loan for a business quandary

This thought just crossed my mind and must be addressed regardless of all other considerations. Should your brother pass away prior to the loan being fully repaid he must make iron-clad provision for the debt to be paid off in full from his estate. If it cannot be paid with liquid assets he must pro...
by Silk McCue
Wed Jul 11, 2018 10:12 am
Forum: Personal Finance (Not Investing)
Topic: Dad asked for my help on pension decision that I do not understand
Replies: 43
Views: 3273

Re: Dad asked for my help on pension decision that I do not understand

Question- The paperwork never mentions Roth IRA but based on option 1, is he able to roll it over into a Traditional or Roth IRA? I've never performed a rollover into an IRA. All I know is that at 30 I max 5500 a year into my IRA. Does he just elect to rollover and provide information to an existin...
by Silk McCue
Wed Jul 11, 2018 8:58 am
Forum: Investing - Help with Personal Investments
Topic: Any Dry Powder Strategies?
Replies: 103
Views: 5716

Re: Any Dry Powder Strategies?

With your "dry powder" being 60% equity, you are guaranteeing that you will be "selling low" with that portion. If this is away to automatically lock in losses for tax purposes, I guess it could make some sense. To review, this is all done in tax deferred accounts. Only the 40% bonds is dry powder....
by Silk McCue
Wed Jul 11, 2018 8:19 am
Forum: Personal Finance (Not Investing)
Topic: Dad asked for my help on pension decision that I do not understand
Replies: 43
Views: 3273

Re: Dad asked for my help on pension decision that I do not understand

Not disputing the numbers above but a question: What is the tax impact of taking the lump sum and then buying the annuity? If the 63,021 is "taxed down", then the comparison might not quite be apples to apples A work pension/annuity is an employee benefit, so one would hope it is better than could ...
by Silk McCue
Wed Jul 11, 2018 7:32 am
Forum: Personal Finance (Not Investing)
Topic: Home equity loan for a business quandary
Replies: 30
Views: 1139

Re: Home equity loan for a business quandary

Your brother owes your mom a straight up answer on why he is unwilling (or unable) to either pay off this loan or refinance it apart from his mom's residence. As a grown man in his 50's he has an obligation to explain himself. Not being able to refinance the debt at the same favorable rate is not an...
by Silk McCue
Wed Jul 11, 2018 6:46 am
Forum: Personal Finance (Not Investing)
Topic: Dad asked for my help on pension decision that I do not understand
Replies: 43
Views: 3273

Re: Dad asked for my help on pension decision that I do not understand

There is another factor which won't get much praise from others here, which is a psychological one-- checking the "pay me an annuity" box will settle the matter and provide a payment until death without further fuss. Lump sums, with or without SPIA, require more initiative and knowledge. People her...
by Silk McCue
Tue Jul 10, 2018 8:48 pm
Forum: Personal Consumer Issues
Topic: Amazon won't sell this book to me.
Replies: 68
Views: 8272

Re: Amazon won't sell this book to me.

UPDATE: I ordered the book (and a few other items) from Target on July 8 (I started this thread the next day). This afternoon (July 10) I received the book and the rest of the order. That's 48 hours from order to delivery. Much much better than any service I've ever had at Amazon, and at a better p...
by Silk McCue
Tue Jul 10, 2018 8:37 pm
Forum: Personal Finance (Not Investing)
Topic: RMD + Federal taxes
Replies: 19
Views: 1417

Re: RMD + Federal taxes

Having the additional withheld via SS withholding is the perfect way to do this. Just adjust at the first of next year to the correct amount to be withheld to meet next years RMDs throughout the full year.

Cheers
by Silk McCue
Tue Jul 10, 2018 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: RMD + Federal taxes
Replies: 19
Views: 1417

Re: RMD + Federal taxes

You can adjust your withholding from another income source such as a pension or Social Security to meet the obligation.

Cheers
by Silk McCue
Tue Jul 10, 2018 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: Dad asked for my help on pension decision that I do not understand
Replies: 43
Views: 3273

Re: Dad asked for my help on pension decision that I do not understand

Delamer post some good questions while I was researching this information and covered other issues that I now do not need to address. Given that you dad is single you are down to 3 options on the pension. You made no mention of a COLA so I assumed there is none. Cash up front, Single Life Annuity or...
by Silk McCue
Tue Jul 10, 2018 11:47 am
Forum: Forum Issues and Administration
Topic: Improving the Bogleheads forum
Replies: 112
Views: 13613

Re: Improving the Bogleheads forum

I was going to suggest a poster use the Asking Portfolio Questions format for their question, but I had a heck of a time FINDING the link...trying Google, and search of the website. It's not called out prominently in the Wiki, etc. This link: https://www.bogleheads.org/forum/viewtopic.php?t=6212 .....
by Silk McCue
Tue Jul 10, 2018 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Taken advantage of.
Replies: 7
Views: 1255

Re: Taken advantage of.

cheese_breath wrote:
Tue Jul 10, 2018 11:08 am
The General wrote:
Tue Jul 10, 2018 11:03 am
I have an email that proves I was lied to.
Then take it to a lawyer. (S)he should be able to give an opinion on whether you have a valid case or not.
+1
by Silk McCue
Tue Jul 10, 2018 11:02 am
Forum: Personal Consumer Issues
Topic: Masterbath Remodel - Tub or No Tub ?
Replies: 57
Views: 3155

Re: Masterbath Remodel - Tub or No Tub ?

I would get rid of the tub for the following reasons. 1) You don't use it. 2) Getting rid of it gives you exactly what you want with a more luxurious shower. 2) You plan to live here 5-6 more years and maybe even longer so enjoy your house the way you want it. 3) You have another tub upstairs which ...
by Silk McCue
Tue Jul 10, 2018 10:51 am
Forum: Personal Finance (Not Investing)
Topic: Taken advantage of.
Replies: 7
Views: 1255

Re: Taken advantage of.

On July 4th you posted the following on this thread below https://www.bogleheads.org/forum/viewtopic.php?f=1&t=253127&p=4002978#p4002978 Re: Annuities in IRA retirement portfolio? Post by The General » Wed Jul 04, 2018 12:00 am Last year my husband died. He did all the investments and money. So I wa...
by Silk McCue
Tue Jul 10, 2018 8:27 am
Forum: Investing - Help with Personal Investments
Topic: Expected returns for 80/20 stock bond for next 10 years.
Replies: 169
Views: 12027

Re: Expected returns for 80/20 stock bond for next 10 years.

Call_Me_Op wrote:
Tue Jul 10, 2018 8:04 am
FIREchief wrote:
Tue Jul 03, 2018 11:48 pm
[Exactly. A: stay the course, B: nobody knows nothing
That would mean that everybody knows something.
This phrase has been in our lexicon for longer than I have been alive. We all understand exactly what it means.

Cheers