Search found 42 matches

by wfromm
Mon Feb 03, 2020 8:44 pm
Forum: Investing - Theory, News & General
Topic: Cap Gains & Divs killed me this year - theory
Replies: 77
Views: 12458

Re: Cap Gains & Divs killed me this year

I hold VTSAX which is Total Stock market index Admiral in my taxable, tax deferred, and Roth. Recently, I noticed on the Vanguard website that the Index 500 has more qualified dividends per se than the Total Stock index. If they basically do about the same as many say, this may be a consideration if...
by wfromm
Wed Jan 22, 2020 8:23 pm
Forum: US Chapters
Topic: Sad news: LadyGeek's husband has passed
Replies: 352
Views: 26556

Re: Sad news: LadyGeek's husband has passed

My sincerest condolences to you regarding your husband. Also thank you so much for what you do for us Bogleheads.
by wfromm
Sat Nov 30, 2019 9:06 am
Forum: Personal Investments
Topic: Isn't it a bad idea to have everything in equity I thought?
Replies: 58
Views: 5337

Re: Isn't it a bad idea to have everything in equity I thought?

One way to start off may be to put it all in Vanguard Balanced Index Fund. Then when you have 20-30k switch into the Three Fund Portfolio. This will let you have very low fees from the beginning and less volatility since you are basically a new investor. Jack Bogle put his grandchildren's money in t...
by wfromm
Sun Nov 17, 2019 5:48 pm
Forum: Personal Investments
Topic: Obamacare limits investing opportunities?
Replies: 36
Views: 3799

Re: Obamacare limits investing opportunities?

Forgot to mention that the short term plan is a very high deductible plan that is only good for catastrophic coverage so it is somewhat risky.
by wfromm
Sun Nov 17, 2019 5:43 pm
Forum: Personal Investments
Topic: Obamacare limits investing opportunities?
Replies: 36
Views: 3799

Re: Obamacare limits investing opportunities?

My wife is 61 and we are in the same situation. I can currently do a Roth conversion but it is small and she is on the Silver plan and we will pay about 136 per month for her healthcare through ACA. She is very healthy and I have considered getting a short term plan of up to 360 days and it would on...
by wfromm
Fri Nov 15, 2019 10:14 am
Forum: Investing - Theory, News & General
Topic: Total Bond Market Index Fund
Replies: 25
Views: 2940

Re: Total Bond Market Index Fund

Thank you all for responding. I read my post and want to clarify that I am very sincere in that I feel that many of you are quite brilliant and some are humble too. I was thinking about the long term bonds in Total Bond Index. However, as Nisiprius has mentioned the fact that when rates go up there ...
by wfromm
Fri Nov 15, 2019 8:00 am
Forum: Investing - Theory, News & General
Topic: Total Bond Market Index Fund
Replies: 25
Views: 2940

Total Bond Market Index Fund

I would like to ask the brilliant investors that post on these forums if they are still using the Total Bond Market Index Fund or if some have switched to another, possibly of shorter duration given the current interest rate levels. Thank you in advance.
by wfromm
Sun Nov 10, 2019 3:50 pm
Forum: Personal Investments
Topic: What should the AA of a young retiree be?
Replies: 20
Views: 1711

Re: What should the AA of a young retiree be?

Only you can answer the question. However, here is an idea. Put 5 years living expense in a money market or short term investment. Then allocate the remainder 70 - 30 or 75-25. You haven't mentioned how you have invested prior to retiring. That could be your clue.
by wfromm
Thu Oct 17, 2019 9:30 am
Forum: Personal Finance (Not Investing)
Topic: Another GE Pension Buyout Decision
Replies: 7
Views: 1411

Re: Another GE Pension Buyout Decision

You are a saver. You max your IRA and 40lk every year and you probably save more. I think you should take the lump sum and roll it to an IRA. Later in life you can do Roth conversions if your bracket is lower to reduce required minimum distributions. Also you wont have to worry about the security of...
by wfromm
Mon Jul 15, 2019 8:17 am
Forum: US Chapters
Topic: South Florida Local Chapter
Replies: 452
Views: 113025

Re: South Florida Local Chapter

Dear Bogleheads, I attended the meeting of the South Florida Bogleheads on 7/14/19 and it was a wonderful event as usual. I especially want to thank Miriam, Arthur, Taffy and Taylor. Thanks to all who participated in the discussions, especially Taylor Larimore, Miriam and Charley. There were many ot...
by wfromm
Thu Nov 30, 2017 3:47 pm
Forum: Personal Investments
Topic: Roth conversions prior and after required minimum distributions.
Replies: 9
Views: 1115

Re: Roth conversions prior and after required minimum distributions.

I want to stay in the 15% tax bracket so I estimate other income and convert what I can to bring taxable income up to about 75k where the 25% bracket begins. I convert mine first since I'm older. I think it is a good plan but someone here may think of something that I have overlooked. Thanks for the...
by wfromm
Wed Nov 29, 2017 9:44 pm
Forum: Personal Investments
Topic: Roth conversions prior and after required minimum distributions.
Replies: 9
Views: 1115

Roth conversions prior and after required minimum distributions.

I have been converting my Traditional IRA at the rate of approximately 60k per year. I am 7 years older than my wife and will have all of my IRA money converted prior to age 70. I will then start converting her Traditional IRA money at about the same rate. There is no way I can get all of her IRA co...
by wfromm
Mon Jul 31, 2017 12:22 pm
Forum: US Chapters
Topic: South Florida Local Chapter
Replies: 452
Views: 113025

Re: South Florida Local Chapter

Dear South Florida Boglehead members, My wife and I wish to thank all of you for a wonderful experience at the meeting. Thank you Miriam for e-mailing me to keep me informed and for guiding us through the meeting. Thank you Larry for all your work with the server and keeping the Boglehead website fu...
by wfromm
Tue Dec 06, 2016 1:58 pm
Forum: Personal Investments
Topic: So the ROTH is maxed, 403B maxed... am I leaving anything out?
Replies: 11
Views: 1756

Re: So the ROTH is maxed, 403B maxed... am I leaving anything out?

I am a retired teacher and my wife is a retired teacher, both from Florida. Florida allows access to 403B's as well as 457 deferred comp accounts. I don't know if you have 457's available but you could check. If you're both over 50 you can put 24000 each into 403b's an if you have worked for the sch...
by wfromm
Fri Aug 19, 2016 6:18 pm
Forum: Investing - Theory, News & General
Topic: Asset Allocation by account type
Replies: 2
Views: 400

Asset Allocation by account type

I'm curious as to whether most Bogleheads maintain and asset allocation within each account type. I realize that we try to keep our Bond Allocation in tax deferred or Roth accounts. My wife and I have both Roth and Traditional IRA accounts and I try to have my Bond allocation in the Traditional and ...
by wfromm
Fri Aug 19, 2016 12:38 am
Forum: Personal Finance (Not Investing)
Topic: Tax Implications of Selling Inherited Property (after ownership transfer)
Replies: 6
Views: 1106

Re: Tax Implications of Selling Inherited Property (after ownership transfer)

The depreciated amount is subject to recapture and will create a tax liability. The other will probably be excluded because of a step up in basis because of the inheritance.
by wfromm
Tue Aug 16, 2016 10:27 am
Forum: Personal Finance (Not Investing)
Topic: What is the best way to send the direct rollover check to Vanguard?
Replies: 35
Views: 10398

Re: What is the best way to send the direct rollover check to Vanguard?

I recently rolled over qualified plan money to Vanguard. I had a Traditional IRA at Vanguard and selected BUY. On the next step I was asked if it was a Rollover. I said yes and printed a form that I could send with the check that was a direct rollover made out to Vanguard. This only works if you hav...
by wfromm
Mon Aug 15, 2016 10:13 pm
Forum: Investing - Theory, News & General
Topic: Bogleheads: Asset-Allocation and Rebalancing
Replies: 74
Views: 9254

Re: Bogleheads: Asset-Allocation and Rebalancing

Thank you Taylor for reminding us that we may want to check or at least not forget about re-balancing. I just checked my portfolio and I need more bonds. Most of my life I invested in equities only. Now I feel that even young people should have 25 percent bonds. I like the idea of re-balancing becau...
by wfromm
Mon Aug 01, 2016 11:06 am
Forum: Personal Investments
Topic: I desperately need HELP [with portfolio]
Replies: 41
Views: 5320

Re: I desperately need HELP

I recommend possibly the Life Strategy Fund with 30 percent Equities and 70 percent Bonds. A similar Target retirement would be good as well. I think you should keep a couple of years money that you plan to spend in money market or short term bond fund. The reason I suggest this is because you seem ...
by wfromm
Mon Aug 01, 2016 10:54 am
Forum: Personal Finance (Not Investing)
Topic: Should I cancel my whole life [insurance]?
Replies: 6
Views: 1380

Re: Should I cancel my whole life [insurance]?

I think cashing out is a good idea. If you need insurance, Term is the way to go. I had term for years when my children were young and cancelled it as our assets grew. Protection is probably a good idea when families are young.
by wfromm
Mon Aug 01, 2016 10:05 am
Forum: Personal Consumer Issues
Topic: is this wise? purchasing honda cbr 250r
Replies: 59
Views: 5249

Re: is this wise? purchasing honda cbr 250r

Talk them down on price since its scratched. This is a good size for a beginner. For highway use I think 4-500 cc's or bigger is much better. Honda is a great and very reliable brand. Have you looked around for others the same size. Good Luck.
by wfromm
Sun Jul 31, 2016 10:07 pm
Forum: Personal Finance (Not Investing)
Topic: Should my wife form an S-corp?
Replies: 25
Views: 2396

Re: Should my wife form an S-corp?

Attorney's love to set up Corporations for the fee and Accountants love them for the additional tax prep revenue. I agree that it is not worth it and that she should just file Schedule C as a Sole Proprietor.
by wfromm
Sun Jul 31, 2016 12:37 pm
Forum: Personal Investments
Topic: Total Bond vs Municipal Bond Funds
Replies: 66
Views: 14101

Re: Total Bond vs Municipal Bond Funds

This is a very interesting thread with many much more knowledgeable than myself posting. I have a few comments and possible questions. This thread is about Total Bond nd Muni Bond Fund or basically is it prudent to be in the tax exempt fund. We know that longer term funds have greater risk and funds...
by wfromm
Tue Jul 26, 2016 3:20 am
Forum: Personal Investments
Topic: Vanguard Recommendations [getting started with funds]
Replies: 13
Views: 2410

Re: Vanguard Recommendations [getting started with funds]

Hi Gracem, Getting away from Merrill will be one of the smartest things you can do. The people on this forum are wonderful and I don't see bad advice given. They care and want others to achieve success. Whether you choose one fund "life strategy," or the "three fund" you will do well. The one differ...
by wfromm
Wed Jul 20, 2016 1:08 pm
Forum: Personal Investments
Topic: TSP to Vanguard?
Replies: 128
Views: 25621

Re: TSP to Vanguard?

I like the low fees and fund choices of the TSP, but I dislike the inability to Roth convert. Maybe this will change in time. Also, the inability to roll a Roth IRA into the TSP.
by wfromm
Sat Jul 09, 2016 11:01 am
Forum: Personal Finance (Not Investing)
Topic: Employment ideas for former Police?
Replies: 37
Views: 5138

Re: Employment ideas for former Police?

Possibly start your own security company or go to work for a company that supplies Law Enforcement or does services for Law Enforcement.
by wfromm
Sat Jul 09, 2016 10:25 am
Forum: Personal Consumer Issues
Topic: 2000 Honda Accord - Wheel Bearing Cost$ 300!!!
Replies: 48
Views: 7716

Re: 2000 Honda Accord - Wheel Bearing Cost$ 300!!!

I replace the wheel bearing and hub combined assembly on a 2006 GMC Pickup. The part cost $110. It was fairly easy to do but I do not recommend it for someone who is not handy. Call the parts store and find out the cost of the hub assembly. Mechanics want to make money. You could price another mecha...
by wfromm
Thu Jul 07, 2016 10:56 am
Forum: Personal Finance (Not Investing)
Topic: Living Trust Document Stolen
Replies: 11
Views: 2541

Re: Living Trust Document Stolen

Was the trust recorded at the courthouse. Also, was a copy of the trust given to the bank when the account was initiated. It seems to me that any attorney could resolve this quite easily. If you are doing it yourself, you must know what was in the trust and you could make another document, etc.
by wfromm
Thu Jul 07, 2016 10:47 am
Forum: Personal Finance (Not Investing)
Topic: House Sale in Year of Divorce
Replies: 15
Views: 2775

Re: House Sale in Year of Divorce

It shouldn't matter which one claims the gain because it will be excluded assuming that you lived in the house for 2 years out of the previous 5 years. Look at any document received and see if there is an identification number. You may possibly be using the same accountant. Who gets the money is a m...
by wfromm
Mon Jul 04, 2016 10:49 am
Forum: Personal Investments
Topic: What am I not understanding?
Replies: 45
Views: 5820

Re: What am I not understanding?

What a great forum. I love it when I see all these members helping someone stay on the right track for success. I want to thank every one of you that posted.
by wfromm
Sun Jul 03, 2016 10:13 am
Forum: Personal Investments
Topic: Long term investing for grandkids
Replies: 10
Views: 647

Re: Long term investing for grandkids

Their basis for tax purposes will be Fair Market Value at the time of your death assuming you left these accounts by will or beneficiary declaration. I don't know whether it is the best idea or not. There is certainly a great deal of time for major market fluctuations. I have always thought that hel...
by wfromm
Fri Jul 01, 2016 11:40 am
Forum: Personal Investments
Topic: Please show me why three fund is better than this...
Replies: 44
Views: 5131

Re: Please show me why three fund is better than this...

Taylor's "Three Fund Portfolio" is a great way to invest that is very simple with very low costs. Regardless what portfolio one chooses this year or decade, another better choice could be found "after the fact." I like the fact that it is so simple and as I go on in years easier to manage. It will d...
by wfromm
Thu May 19, 2016 3:45 am
Forum: Personal Finance (Not Investing)
Topic: Pride in no inheritance to kids?
Replies: 233
Views: 9469

Re: Pride in no inheritance to kids?

I feel that we know our children well enough by a certain age to determine if they are conservative. If their parents are bogleheads, then they are probably conservative and could be given some of the wealth while the parent is alive. I like Taylor's idea of giving IRA money. Gifts that are put into...
by wfromm
Tue May 10, 2016 12:21 am
Forum: Personal Finance (Not Investing)
Topic: Anyone here work as a pharmacist at a federal prison
Replies: 27
Views: 11509

Re: Anyone here work as a pharmacist at a federal prison

One thing about working at the prison is that you don't have to deal with insurance. Pharmacists with Indian health get about 15000 extra above the GS -11 or 12 pay. If you are young, fit , perfect record, etc. you may qualify for the Commissioned Corps. They wear uniforms and have benefits like the...
by wfromm
Mon May 09, 2016 11:15 pm
Forum: Personal Finance (Not Investing)
Topic: Any Farmers? Question about Leasing Land
Replies: 12
Views: 2665

Re: Any Farmers? Question about Leasing Land

I would check with a couple of CPA firms in the area and see if they could recommend some good farm managers. Most of the banks in the Midwest have Farm Managers.
by wfromm
Mon May 09, 2016 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes for a summer babysitting gig
Replies: 14
Views: 2449

Re: Taxes for a summer babysitting gig

Technically she is considered an employee by the IRS. She should be given a W-2 at year end and FICA and Medicare taxes should be withheld. However, oftentimes people will issue a form 1099 misc. for the amount of the earnings at year end. This is not correct but people seem to get away with it all ...
by wfromm
Sat Apr 30, 2016 9:42 pm
Forum: Personal Investments
Topic: Hitting an investment crossroads
Replies: 21
Views: 3394

Re: Hitting an investment crossroads

A 403b can be rolled over to an IRA once the owner is age 59.5 or if the owner separates from service. A 457 can be rolled over only after the owner separates from service.
by wfromm
Thu Apr 28, 2016 10:12 pm
Forum: Personal Investments
Topic: IRA Conversion
Replies: 14
Views: 1614

Re: IRA Conversion

When you convert from a regular IRA to a Roth IRA, the proceeds will be taxable as ordinary income not subject to self employment tax. I feel that this is a great technique if you are willing to pay the tax due from non retirement funds. A couple filing married joint can have a maximum of about 95k ...
by wfromm
Tue Apr 26, 2016 10:41 am
Forum: Personal Investments
Topic: Should I do a Roth conversion or keep funds in a rollover IRA?
Replies: 5
Views: 711

Re: Should I do a Roth conversion or keep funds in a rollover IRA?

You could increase your 403b contribution to as high as 18500 if you can live on less or have other money to live. Many of these 403b funds are not available as a Roth. Then you could convert your IRA to a Roth in the amount that you increased the 403b and you will still be in the 15% tax bracket. Y...
by wfromm
Mon Apr 25, 2016 10:07 am
Forum: Personal Investments
Topic: Should I do a Roth conversion or keep funds in a rollover IRA?
Replies: 5
Views: 711

Re: Should I do a Roth conversion or keep funds in a rollover IRA?

If your adjusted gross income is 95k then taxable is probably at 75k which is where the 25% bracket starts. Do you have a 401k available with the present residency job? If so, you could add to it to lower taxable income into the 15% bracket. At this point I think it would be a good idea to convert u...
by wfromm
Sun Apr 24, 2016 8:34 am
Forum: US Chapters
Topic: South Florida Local Chapter
Replies: 452
Views: 113025

Re: South Florida Local Chapter

Clevername,

Please add me to the list of those wanting to attend a meeting in South Florida.

Sincerely,
Bill F.