Bogleheads.org

Is there a simple way to calculate weighted expense ratios of a portfolio? For example, if one wanted to compare a target retirement fund with an expense ratio of 0.46% and a portfolio with: 25% fund A (0.06%) 51% fund B(0.02%) 15% fund C(0.03%) 9% fund D (0.04%) Yes. To add to what others have mentioned. The key is to convert the costs to dollars, then add them up and convert them back to a percentage. This is just a way of computing a weighted average, but it makes it easier to see why it is correct. And since the size of the portfolio doesn't actually matter, you can use a round number like $100,000 if you like. In your example, you have $25,000, $51,000, $15,000 and $9,000 in the four funds respectively. So the dollar expenses for each...

4th and Inches wrote: ↑Mon Mar 20, 2023 4:50 pm First Republic is in Trouble per the article below. Does anybody know of any other bank with PLOC terms like they have with Colorado availability?

https://www.cbsnews.com/news/first-repu ... king-fdic/

No.

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Navillus1968 wrote: ↑Sun Mar 19, 2023 11:04 pm

OP's friend is forgoing $1350/month for 15 months= $20,250.

At 70, her benefit will be $1350 x 1.1= $1485/month.

Breakeven number of months after 70: $20,250/1485= 13.6 months.

The break even analysis you performed is fatally flawed.

Your numbers only show how long it takes to earn what they would have earned up until age 70. It then ignores that they would have continued to earn that in the 13.6 months that you claim achieves break even.

The real break even is 12.5 years (150 months) . $20,250 / ($1485- $1350) = 150 months.

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It is odd that your spouse’s parent was owed a SS benefit at the time of death that was then paid to the heirs rather than the Estate. Often it is the opposite situation - the Estate needs to repay the SS benefit received in the month of death. As I understand it and from the Social Security site, the payment received IN the month of death is earned in the prior month and is retained. Any payment received in the month following the death is not and must be returned. From SS website. We can't pay benefits for the month of death. That means if the person died in July, the check received in August (which is payment for July) must be returned. If the payment is by direct deposit, notify the financial institution as soon as possible so it can r...

The $255 death benefit is not taxable.

Lump sum payments made under section 203 and 204 (b), Title II of the Social Security Act, (49 Stat.,620) to a deceased employee's estate are not subject to Federal income tax and should not be included in the income tax return filed on behalf of the decedent.

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Macro wrote: ↑Sat Mar 18, 2023 7:59 am I spoke to the IRS. They said to e-file a 1040 for 2021 and that there would be no late file penalty as I am owed a refund.

Wonderful. Thanks for providing an update so that the resolution is documented for future reference.

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We just sailed on Holland America Rotterdam last month and played Pickleball while onboard.

https://www.hollandamerica.com/en_US/ne ... ation.html

I expect that many lines will be adapting space to support Pickleball along with other activities.

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Ridiculously false if your PIA is greater than hers.

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You basically asked the same question in 2021 regarding funding your TSP and the answer was yes. There’s nothing new here as far as I can see.

viewtopic.php?p=6313552#p6313552

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Not certain why you would think that. These are individual retirement accounts.

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Never heard of this. However, since you can override the lock I don’t see any real harm beyond an unexpected annoyance.

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ResearchMed wrote: ↑Tue Mar 14, 2023 8:21 pm
Right.
I wasn't sure, and I don't think that chart (which is indeed *very* handy!) addresses what if there is less than the amount contributed, whether there is some sort of attempt to prorate earnings based upon holdings. Nope, I don't know how that would be done; I wanted to be sure OP didn't unexpectedly end up with a problem IF there were some sort of adjustment needed.

That really is a terrific chart!

RM

It’s impossible to have earnings if your losses result in a balance less than the contributions. That’s called a loss. Your theoretical isn’t possible.

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Yes you can withdraw the contributions. This Wiki table clearly shows that. https://www.bogleheads.org/wiki/User:TedSwippet/KAWill_Roth_Table Cheers Interesting question, IF there have been any earnings. There could be a penalty or tax due on earnings. I don't know what the answer is; hadn't thought about this particular situation. But first, OP: How old are you and how long ago did you *first* open a Roth IRA? If you are over 59.5 and your first Roth IRA was opened at least 5 years ago, then there is no concern. WIthdraw what you want in that case; no penalties, no taxes. RM The OP clearly stated that the account value was less than the total contributions. I also provided a link to the KAWill table that covers every circumstance associat...

Yes you can withdraw the contributions. This Wiki table clearly shows that.

https://www.bogleheads.org/wiki/User:Te ... Roth_Table

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Danw wrote: ↑Tue Mar 14, 2023 11:23 am I haven’t changed to a brokerage account for two reasons. I want my Roth conversions to happen the same day and not have to pass through a settlement account. I like being able to direct dividends directly from one fund to another. If I had to pay the $20 fees I would feel differently.
I’ve been thinking of opening a separate brokerage account to buy treasuries but will probably stick with the Treasury Money Market fund.

I’m on VG Brokerage platform holding mutual funds and my Roth conversions are always done as sell to buy and effective as of market close on that day.

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Why put yourself in a potential bind. I see from another post that you have funds in VMFXX that has a current yield of 4.52%. That would be "good enough" for me for such a short timeframe. https://investor.vanguard.com/investment-products/mutual-funds/profile/vmfxx Cheers I thought about that, but I feel more comfortable with T-Bills since my understanding is that there might be some scenarios (albeit really bad ones) where money market funds lose value but T-Bills are still okay. Admittedly I do not understand this stuff very well, but I think I am right about this. You aren’t right. You are freaking out unnecessarily. The world isn’t coming to an end. That’s about what it would take for your funds at Vanguard or any other major...

Why put yourself in a potential bind. I see from another post that you have funds in VMFXX that has a current yield of 4.52%. That would be "good enough" for me for such a short timeframe.

https://investor.vanguard.com/investmen ... file/vmfxx

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AnnetteLouisan wrote: ↑Mon Mar 13, 2023 7:37 pm

abuss368 wrote: ↑Mon Mar 13, 2023 7:34 pm

AnnetteLouisan wrote: ↑Mon Mar 13, 2023 7:31 pm

abuss368 wrote: ↑Mon Mar 13, 2023 7:26 pm

AnnetteLouisan wrote: ↑Tue Feb 21, 2023 5:26 pm

Same here. He’s mentioned being unwell - hope he’s ok.

If I heard correctly, I believe JoeRetire finally made the leap and started a Podcast show. It is available on Apple or something. He talked about it before and must have made the leap. I wish Hugh well!

Joe posted recently. He’s ok.

Podcast or forum?

Forum.

He hasn’t posted since January 21st.

memberlist.php?mode=viewprofile&u=129518

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Mr. Potter wrote: ↑Mon Mar 13, 2023 1:46 pm My friend pulled 50k out of his Roth at 60 yo to buy a new house. If he starts putting money back into his Roth is there any additional holding period for new money? I assume no since he over 60 but I don’t think using a Roth like a bank is what they were intended for.

If the friend were wanting to put all or part of this $50k back in they could do so within 60 days of withdrawal as an indirect rollover. Apart from that they can only make annual contributions based on earned income.

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You can’t appeal due to Roth conversions.

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runner3081 wrote: ↑Sun Mar 12, 2023 6:23 pm

Silk McCue wrote: ↑Sun Mar 12, 2023 5:36 pm That sounds unrealistic to me and would likely be a turnoff to a prospective employer. You might need to hang in a bit longer at the current job if the vacation is a top priority.

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Disagree. Most new hires that I have brought on before the summer have pre-planned vacations and ask for the time off. Never an issue. Why would it be?

You would certainly know better than me.

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That sounds unrealistic to me and would likely be a turnoff to a prospective employer. You might need to hang in a bit longer at the current job if the vacation is a top priority.

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Do you now understand that a 1040-X was never necessary and that all you needed to do was make those amendments in TT and then efile? That’s not clear to me and I would hate for you to do so in the future.

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I typed Aperio into the search box and found quite a number of prior threads/posts where it was mentioned/discussed. Lacking more responses to this thread you might want to take a look at prior feedback.

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ttboy wrote: ↑Fri Mar 10, 2023 5:51 am
…

In the 12th edition of “Every Landlords Tax Deduction Guide” by Steven Fishman it strongly adivses to paper file to reduce audit risk. A more recent 18th edition is silent on the issue.

Does paper filing really reduce audit risk?

The removal of the advice is deafening silence. Clearly the prior advice is no longer valid.

Far less chance of error with an electronic filing given the complexity of the return.

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Yes it is real and your family member is adamantly wrong.

You could have saved some typing by searching this site with “recast”. Lots of threads including some recent ones. Many mortgage companies allow it for a low fee and it can be a very smart move.

Like any financial decision it comes down to your personal goals, financial situation and the math associated with the transaction.

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bob26 wrote: ↑Thu Mar 09, 2023 3:42 pm I have been following the thread with great interest. I have a basic question. What if someone in their mid-50s buys a policy in, let's say, state of FL. However, when retired moves to TX and then is in need of LTC. How would LTC policy work at this point? Would he need to move back to FL in order to collect?

Texas and Florida both support Partnership policies. So you would be covered in Texas and many others states as well.

My wife and I have a Partnership policy in Florida.

https://www.ltcnews.com/resources/faq/a ... s-portable

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You make no mention of a spouse. If there is one that should be considered in the claiming strategy.

The link below is to an excellent tool that is utilized widely here. It may provide some insight as well.

https://opensocialsecurity.com/

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jjunk wrote: ↑Wed Mar 08, 2023 8:54 pm
Thanks for letting me know. Although I'm not sure how it wouldnt be appropriate. Isn't a part of good financial planning taking into consideration the tax consequences of different investment gains and where they are within a portfolio? It seems understanding cost basis at a granular level would allow an advisor to provide more actionable advice. But you're right, lacking those capabilities would render the service useless IMO.

Their service isn’t intended for that level of granularity. Look at their price point. Square peg, round hole. What they do offer that I and others pay for is an exceptional value.

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jjunk wrote: ↑Wed Mar 08, 2023 5:34 pm For those of you who are customers, how granular is the data entry for investments? For example, when you do data entry for investments can you do SpecID level entry or is it simply "this is a bond fund with XX dollars in it"? How does the service handle something like a CD/bond ladder w.r.t. data entry? Given I'm a Schwab customer, linking accounts externally voids the Schwab guarantee so I'd do it manually but it would only be useful if there was good granularity on the investments. TYIA.

That level of detail (SpecID, CD/bond ladder modeling) entry is not possible, necessary or appropriate for the intended purpose of Planvision guidance. They may not be a good fit for you.

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If your joint income for 2022 is below the limit for MFJ contributions then there is nothing that needs to be done.

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I read your post thoroughly. For all the reasons you shared I would sell the smaller parcel. No need to be greedy. It is a good sleep well at night move.

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Katietsu wrote: ↑Tue Mar 07, 2023 5:20 pm
I was not emailed a copy on my onboarding survey as far as I can remember. I also do not recall that it contained anything like social security numbers or account numbers. Most of what I remember from the survey was not the kind of detailed information that would be of interest to a criminal. But it has been a few years so my memory may be off or the survey might have changed.

I just looked at my onboarding email from 2019. It contained our names, phone number and birthdates. Certainly no social security numbers or account details.

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uaeebs86 wrote: ↑Tue Mar 07, 2023 3:25 pm
They are using the SS 2019 mortality tables and just figuring out a cash value.

FYI - Advanced input options allow the selection of alternate mortality tables which will impact the recommendations.

For the OP - The current discount rate is quite high right now and will impact the calculations. When you get to this down the road the recommendations will be more beneficial to you.

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62 is almost never the optimal time to start taking Social Security for a Married couple that has other financial resources and have a reasonable expectation of at least one of you living into your 80s. Opensocialsecurity does account for inflation on the SS side as it is guaranteed to receive inflation adjustments annually. It also takes into account mortality by using the default SS mortality table or others you can select. A spreadsheet can be very deceiving as you plug in different returns and see your investments grow beyond your wildest imaginations. How will your wife fair if you die at 70 having claimed at 62. It is almost always optimal for the higher PIA benefit to wait until age 70 and the other spouse to claim sometime earlier s...

Better yet leave your heirs as much as you can in Roth. To do this simply spend from taxable and convert the IRAs to Roth overtime to the top of whatever tax bracket makes sense for your legacy plan.

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westie wrote: ↑Mon Mar 06, 2023 4:43 pm YouTube TV started as a cord cutter’s dream. It was only $35 when it first hit the market in 2018 with a huge selection of channels. However, the price has since jumped to $64.99, which is approaching double the launch price. YouTube TV will continue to raise their prices, before it's over they will be similarly priced to Comcast and Infinity,

I would say that it won’t. There is far too much competition in the marketplace and it is too easy to jump ship and go somewhere else.

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Thanks for your comment - you sure took care of your clients; I am guessing it is for profit, not charity .. Once again please lose the snark. It is quite unbecoming and completely unnecessary. Don’t make this personal. Cheers Sorry you took too personal. Along with it also mentioned, that such care is such a hard task (let it be for individual, family, or for business) “Nobody said "care" is neither easy, nor cheap. How one "plans/pays" for such care is what we are” It’s quite fair I worded justly - if you make it personal., it sure not meant to be. Again - one wouldn’t possibly know know who one “Wow” is nor one “Silk” is — sure not picking personal quibbles; strictly staying on discussion topic - and offering our poi...

SubPar wrote: ↑Mon Mar 06, 2023 1:06 pm I would just convert the ~$1 into the Roth IRA and pay whatever de minimis tax is due. This is effectively nothing more than a rounding error on your return.

Plus one.

Also you should could have/should have funded the Roth for the full $7500 rather than the $7499.98. The 2c in the account is just leftover change that you would have converted with no tax impact.

Cheers

sc9182 wrote: ↑Mon Mar 06, 2023 11:13 am
Thanks for your comment - you sure took care of your clients; I am guessing it is for profit, not charity ..

Once again please lose the snark. It is quite unbecoming and completely unnecessary. Don’t make this personal.

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Just trust Vanguard on this one. Not worth the effort to figure out the difference with a 3rd party site.

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The W2 income of $10k supports the IRA or Roth contribution. It doesn’t matter that it was driven by sick/vacation. SSDI and pension income does not.

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sc9182 wrote: ↑Mon Mar 06, 2023 7:26 am Sorry - we don't find love on the Net, nor try to find love from "insurance" folks ..

You clearly have an axe to grind. That comment is completely off the wall and distorts the comment regarding “ and/or those loved ones responsible for the care recipient)”.

I owned a Private Duty Home Health Agency taking care of the elderly in their homes and in facilities. I can tell you that the family members often carry a heavy burden in trying to take care of their loved ones.

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Of course it’s ok. You don’t need anyone’s permission to spend out of pocket for dental services. Don’t be surprised if they find issues that you don’t know exist.

Your concern about being scammed by Dentists in general is misplaced and does not reflect fairly upon them as a whole. There will always be a few bad apples in any profession.

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egri wrote: ↑Mon Mar 06, 2023 1:53 am Is it an option for her to pick up some part time work? Even if it's only 10-20 hours a week, it will bring in some money, and it'll get her out of the house and interacting with other people, which can help with the cognitive decline.

She’s 86 years old. She isn’t going to get a job. There are other ways to increase interaction with others and get out of the house which certainly can be beneficial.

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ps56k wrote: ↑Sun Mar 05, 2023 4:24 pm What about the whole - capital gains - issues…
Where does that go now… if the mutual fund generate $$ in the form of cap gains, where is that $$ in the ETF world?

There is no difference between the two. They are members of the same share class.

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Ask your 401k provider for these details. It can’t be a secret and in fact must be published for you. How else could you make investment elections?

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student wrote: ↑Sat Mar 04, 2023 1:13 pm

SSM1 wrote: ↑Sat Mar 04, 2023 11:25 am Another concern: the onboarding survey with completed responses was sent to me via gmail with a PDF -- Is this typical for sending confidential information?

This is concerning. I thought there will be a message center when you log in. Hmm.

We are able to upload files within EMoney for sensitive information.

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It isn’t aggressive or questionable. It is common so much so that it is discussed in the Wiki. You need a better CPA if they don’t know this.

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

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AnnetteLouisan wrote: ↑Sat Mar 04, 2023 9:54 am Oh, that’s too bad. I thought the surprise was going to be that she has a lot of money. Sorry she’s in that situation. Wats the interest rate on the cards? I’d be reluctant to sell investments to pay unsecured debt for an 86 year old person.

She could easy live well into her 90s. The interest rate is likely very high. I can’t imagine not paying it off given the totality of the circumstances shared.

Cheers