Search found 266 matches

by NancyABQ
Wed Nov 13, 2019 10:47 am
Forum: Personal Investments
Topic: Schwab or Vanguard simple ETFs portfolio at Schwab
Replies: 14
Views: 1578

Re: Schwab or Vanguard simple ETFs portfolio at Schwab

Note that this thread is over a year old, and Schwab no longer charges trading fees for any ETFs.

So, purchase whatever you want!
by NancyABQ
Sun Nov 10, 2019 12:15 am
Forum: Personal Investments
Topic: Need Help To Plan for Early Retirement
Replies: 18
Views: 2322

Re: Need Help To Plan for Early Retirement

Situation: Based on projection, in 5 years, our portfolio should reach 10millions conservatively (unless recession hits). We are very fortunate, a few position of our stocks have grown significantly over the last few years which pushed the size of portfolio beyond what we expected. This worries me ...
by NancyABQ
Thu Nov 07, 2019 9:13 pm
Forum: Personal Investments
Topic: Help with investment strategy - newly retired
Replies: 4
Views: 574

Re: Help with investment strategy - newly retired

1) Currently all of our money is at Schwab. Would not have a problem moving to Vanguard but would be easier to keep in one place as we bank through schwab as well. We are looking for the allocation and funds that you would recommend for us. We do like what we have read in the boglehead threads rela...
by NancyABQ
Mon Nov 04, 2019 10:37 am
Forum: Personal Investments
Topic: Moving from Raymond James to Schwab - taxable account help
Replies: 3
Views: 265

Re: Moving from Raymond James to Schwab - taxable account help

The first question is whether RJ is going to charge you transaction/broker fees to sell the holdings. If they will charge a fee (beyond the account closing fee that Schwab should be willing to reimburse), then definitely do a "transfer in kind" to Schwab. I'd probably recommend doing the transfer in...
by NancyABQ
Mon Sep 30, 2019 8:37 pm
Forum: Personal Investments
Topic: Advice for 95 year old
Replies: 14
Views: 2560

Re: Advice for 95 year old

Thanks for the advice. I lost her yesterday, and I'm really glad I'm not in the middle of rearranging anything. I'm sorry for your loss. I went through this a couple years ago :( I think you should make sure her 2019 RMD is taken care of before the end of the year, and otherwise there is no rush to...
by NancyABQ
Tue Jul 02, 2019 11:03 am
Forum: Personal Investments
Topic: HSA -- Keep or simplify
Replies: 4
Views: 325

Re: HSA -- Keep or simplify

I would probably clear it out. Just put the money in a tax-efficient index fund. Exception might be if you might be able to use an HSA eligible ACA plan in early retirement (before medicare). Having the extra HSA contribution can help to stay under the ACA subsidy cliff. If you would likely be on a...
by NancyABQ
Tue Jul 02, 2019 10:44 am
Forum: Personal Investments
Topic: HSA -- Keep or simplify
Replies: 4
Views: 325

HSA -- Keep or simplify

So, I'm just looking for some thoughts on this one. It's a pretty minor issue. Age: 57 Single Employed part-time with health insurance paid by employer Could retire any time I want at this point. I would be responsible for my own health insurance after that (budgeting ~$20K/yr for healthcare). Facts...
by NancyABQ
Tue Jun 25, 2019 12:08 pm
Forum: Personal Investments
Topic: Rebalancing at Schwab
Replies: 5
Views: 669

Re: Rebalancing at Schwab

I'm retired and currently have two retirement accounts; one with my previous employer managed by Fidelity, and one that was set up at Schwab by a money manager that I no longer use. The Fidelity account is very simple to rebalance. I just go to a rebalance screen which shows the percentages of all ...
by NancyABQ
Thu Jun 20, 2019 10:01 am
Forum: Personal Investments
Topic: Bond Fund Question - Charles Schwab / Vanguard
Replies: 8
Views: 1207

Re: Bond Fund Question - Charles Schwab / Vanguard

By the way, when buying Vanguard funds from Schwab, the fees will be much lower if you buy the ETFs instead of the mutual funds. I am on too slow of an internet connection to look up the symbols for you, but the VBTLX most definitely has an ETF equivalent. Transaction fee is something like $5 vs $5...
by NancyABQ
Thu Jun 20, 2019 7:29 am
Forum: Personal Investments
Topic: Bond Fund Question - Charles Schwab / Vanguard
Replies: 8
Views: 1207

Re: Bond Fund Question - Charles Schwab / Vanguard

By the way, when buying Vanguard funds from Schwab, the fees will be much lower if you buy the ETFs instead of the mutual funds. I am on too slow of an internet connection to look up the symbols for you, but the VBTLX most definitely has an ETF equivalent. Transaction fee is something like $5 vs $50...
by NancyABQ
Fri May 10, 2019 8:42 pm
Forum: Personal Investments
Topic: Timing of Roth Conversion
Replies: 7
Views: 882

Re: Timing of Roth Conversion

The reason to convert early would be that you get more potential tax-free growth in the Roth for a longer time period. The reason to convert later would be that you are more certain of your income for the year, so you wno't accidentally push past some tax cliff due to unanticipated income later in t...
by NancyABQ
Fri May 10, 2019 3:39 pm
Forum: Personal Investments
Topic: Time to fire the financial assistant. Help me with the courage.
Replies: 41
Views: 4385

Re: Time to fire the financial assistant. Help me with the courage.

I transferred an Inherited IRA to Schwab and had no issues with it. The paperwork was all filed with Schwab, and it was a little bit more detailed than other types of transfers -- had to fill in paper forms instead of something online. But other than that it went smoothly. I did go to the local offi...
by NancyABQ
Thu May 09, 2019 1:15 pm
Forum: Personal Investments
Topic: evaluating the benefits of Wealthfront's "Direct Indexing" product - offering my real-life data
Replies: 1
Views: 409

Re: evaluating the benefits of Wealthfront's "Direct Indexing" product - offering my real-life data

My major question: is the tracking error inherent in an approach like this indeed outweighed by Tax Alpha, as suggested by Wealthfront's literature , when looking at real-life data from the last six months? I don't have any profound analysis to offer, but my immediate thought on seeing this was tha...
by NancyABQ
Mon May 06, 2019 9:46 pm
Forum: Personal Investments
Topic: Noob question about CDs
Replies: 6
Views: 717

Re: Noob question about CDs

It was a CD purchased through Schwab, but from a 3rd party bank. I didn't receive any info about options for when it matures. I guess I will have to contact Schwab. It sounds like a brokered CD. The principal should show up back in your brokerage account. It would be separate from the interest that...
by NancyABQ
Sun May 05, 2019 8:03 pm
Forum: Personal Investments
Topic: CDs in early retirement to enable Roth Conversions?
Replies: 33
Views: 3515

Re: CDs in early retirement to enable Roth Conversions?

First of all, I'd like to correct my previous post. Most of the time I comment on situations where a couple is filing as MFJ. The below comment would be true for Marrieds, but not for Singles, which I forgot that this Original Poster is. I predict that the RMDs at age 71 will push you into the 24% ...
by NancyABQ
Sun May 05, 2019 11:13 am
Forum: Personal Investments
Topic: CDs in early retirement to enable Roth Conversions?
Replies: 33
Views: 3515

Re: CDs in early retirement to enable Roth Conversions?

Given FiveK's analysis showing the presence of the 25% and 27% "shadow" brackets after you retire, here's something else to consider: For people with significant qualified dividends from a taxable account, sometimes it may be less expensive tax-wise to do the Roth conversions *before* you retire. *...
by NancyABQ
Sun May 05, 2019 8:15 am
Forum: Personal Investments
Topic: CDs in early retirement to enable Roth Conversions?
Replies: 33
Views: 3515

Re: CDs in early retirement to enable Roth Conversions?

~$32K qualified income (dividends, *LTCG* from taxable and trust) (highlight/bold by me) Another quick thought: Where are the LTCG coming from? If they are coming from you choosing to sell to achieve your own purposes, that's fine. But if they are out of your control because they are capital gains ...
by NancyABQ
Sat May 04, 2019 9:52 pm
Forum: Personal Investments
Topic: CDs in early retirement to enable Roth Conversions?
Replies: 33
Views: 3515

Re: CDs in early retirement to enable Roth Conversions?

Wow, thanks for taking the time to crunch my numbers! Even though I'm an engineer/scientist with various advanced degrees, for some reason those financial spreadsheets tend to make my brain freeze when I look at them. :confused With that background, you can do this! One would think so. It doesn't h...
by NancyABQ
Sat May 04, 2019 7:37 pm
Forum: Personal Investments
Topic: CDs in early retirement to enable Roth Conversions?
Replies: 33
Views: 3515

Re: CDs in early retirement to enable Roth Conversions?

Wow, thanks for taking the time to crunch my numbers! Even though I'm an engineer/scientist with various advanced degrees, for some reason those financial spreadsheets tend to make my brain freeze when I look at them. :confused Given the $12K and $32K numbers, there won't be any 12% tax on your trad...
by NancyABQ
Sat May 04, 2019 3:45 pm
Forum: Personal Investments
Topic: CDs in early retirement to enable Roth Conversions?
Replies: 33
Views: 3515

CDs in early retirement to enable Roth Conversions?

I am going to be retiring sometime soonish -- I have transitioned to part time and all the numbers say I could do it, so I guess I am in One-More-Year territory. So it could happen at any time, but right now I am happy with my part-time work-from-home gig. I am currently 57, and I will receive a pen...
by NancyABQ
Tue Apr 30, 2019 2:20 pm
Forum: Personal Consumer Issues
Topic: Is the United Airlines Online Reservation System Confusing, or Is It Me?
Replies: 17
Views: 1380

Re: Is the United Airlines Online Reservation System Confusing, or Is It Me?

Don't call United to make the reservation by phone. They charge a fee (either $25 or $50) if you do that. That may be, but the OP is having difficulty booking what he wants, so perhaps that fee is worth it instead of spending endless hours trying to make the website do something it isn’t designed t...
by NancyABQ
Tue Apr 30, 2019 10:51 am
Forum: Personal Investments
Topic: Getting out of Schwab Intelligent Portfolio
Replies: 11
Views: 1579

Re: Getting out of Schwab Intelligent Portfolio

I think you should be able to just turn off the Intelligent Portfolio and leave the holdings at Schwab (for now). That shouldn't have any tax consequences and would prevent the situation from "getting worse". Make sure no dividends are being reinvested. Then go over what the portfolio looks like now...
by NancyABQ
Mon Apr 29, 2019 10:47 pm
Forum: Personal Consumer Issues
Topic: Is the United Airlines Online Reservation System Confusing, or Is It Me?
Replies: 17
Views: 1380

Re: Is the United Airlines Online Reservation System Confusing, or Is It Me?

Can we avoid all the issues with this site by using a travel agent or calling United and make the reservation by phone? Why is airline travel so difficult now? If I can't figure this out (and I've been using the Internet since 1996), how do technology-adverse people and elderly people handle this c...
by NancyABQ
Wed Apr 17, 2019 9:00 pm
Forum: Personal Investments
Topic: Capital Gains and Long Term Stock Holdings
Replies: 12
Views: 789

Re: Capital Gains and Long Term Stock Holdings

Meanwhile, turn off dividend reinvestment, while you get this sorted.
by NancyABQ
Sun Apr 14, 2019 3:23 pm
Forum: Personal Investments
Topic: Tax Math on 3.6MM portfolio
Replies: 21
Views: 3223

Re: Tax Math on 3.6MM portfolio

- Keep it as simple as possible - Maximize tax efficiency - Maintain roughly 50/50 asset allocation - Withdraw roughly $85K per year from her collective accounts including a $25k RMD from IRA She currently has $800k in her IRAs and and $2.8MM in taxable. I plan on the current asset allocation IRA -...
by NancyABQ
Tue Apr 09, 2019 12:26 pm
Forum: Personal Investments
Topic: [Ready to leave Wealthfront]
Replies: 12
Views: 1994

Re: [Ready to leave Wealthfront]

So let's assume that each of the 500 individual stocks has some losers, some with short-term capital gains, and some with long-term capital gains. If I want to liquidate the losers and long-term capital gains right away, it could take 500 trades right there. Then if I wait a year to liquidate the o...
by NancyABQ
Sun Apr 07, 2019 3:44 pm
Forum: Personal Investments
Topic: [Ready to leave Wealthfront]
Replies: 12
Views: 1994

Re: [Ready to leave Wealthfront]

Thank you. One concern with the Vanguard Personal Advisory Service is that they won't work with what I've got, and will want to unnecessarily reallocate to fit their formulas (thus incurring LTCG taxes). Am I being reasonable for course-correcting and wanting to get out of WF? Obviously decision ma...
by NancyABQ
Sun Mar 31, 2019 10:53 pm
Forum: Personal Investments
Topic: Schwab users: Does Schwab discourage the purchase of money market funds?
Replies: 44
Views: 4371

Re: Schwab users: Does Schwab discourage the purchase of money market funds?

Yes, I've noticed that you have to poke around a bit to find the Money Market funds at Schwab. It's bad enough that when I was helping somebody with their Schwab account, I just went over and helped them in person rather than trying to explain how to find the Money Market funds while I was remote :(...
by NancyABQ
Thu Mar 28, 2019 8:49 pm
Forum: Personal Investments
Topic: Is this a novel concept or a stupid one?
Replies: 18
Views: 1469

Re: Is this a novel concept or a stupid one?

If you have been automatically reinvesting dividends, you should turn that off. Instead, reinvest the dividends in your preferred index fund.
by NancyABQ
Thu Mar 21, 2019 10:14 pm
Forum: Personal Investments
Topic: MetLife demutualization shares cost basis
Replies: 16
Views: 4574

Re: MetLife demutualization shares cost basis

The most recent information I can find is here: https://www.currentfederaltaxdevelopments.com/blog/2015/12/11/stock-received-in-demutualization-has-zero-basis-per-ninth-circuit-creating-split-with-federal-circuit The last few paragraphs imply that an audited return will see a rejection of cost basi...
by NancyABQ
Tue Mar 19, 2019 10:23 pm
Forum: Personal Investments
Topic: 92 year old father - portfolio review - how much "help"?
Replies: 12
Views: 1476

Re: 92 year old father - portfolio review - how much "help"?

Unrealized gains/loses: Capital Appreciation - $54,700 Equity Income - -$1,100 Emerging Europe - -$31,626 Spectrum Intl - -$1,000 Stocks - $175,000 Wait, is that a $31K LOSS in Emerging Europe? If that's the case, then that would be the holding to sell. But, your Dad may not like the idea of "locki...
by NancyABQ
Fri Mar 08, 2019 9:32 pm
Forum: Personal Investments
Topic: MetLife demutualization shares cost basis
Replies: 16
Views: 4574

Re: MetLife demutualization shares cost basis

I'm resurrecting my zombie post.... (sorry I didn't have it bookmarked so didn't notice daveydoo's previous resurrection post). I found documentation that convinces me that I can use a cost basis of $14.25. The shares are non-covered, meaning ComputerShares isn't tracking their cost basis. I grabbed...
by NancyABQ
Thu Mar 07, 2019 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: Very small inherited IRA question
Replies: 11
Views: 1163

Re: Very small inherited IRA question

For $500 I'd say it's not worth the hassle of tracking it as an inherited IRA, so I would vote for the lump sum. This will be taxed as ordinary income, so while they may have said they would withhold 20% for taxes, in reality you will owe taxes (including state if applicable) at whatever your margin...
by NancyABQ
Wed Feb 13, 2019 11:56 pm
Forum: Personal Investments
Topic: Disabled but unable to withdraw money early from 401(k)
Replies: 16
Views: 1593

Re: Disabled but unable to withdraw money early from 401(k)

There are no guarantees on how long it will take, but last year I rolled over a 401K to an IRA, specifically from Mass Mutual to Schwab. I called Schwab to help me with this, and they brought Mass Mutual online in a 3-way call. We worked out the details and the whole thing was complete (with funds i...
by NancyABQ
Mon Feb 11, 2019 11:22 pm
Forum: Personal Investments
Topic: Should I transfer taxable account from Fidelity to Vanguard?
Replies: 12
Views: 1391

Re: Should I transfer taxable account from Fidelity to Vanguard?

While you're deciding, you can turn off automatic dividend reinvesting (assuming you have it turned on -- you probably do). Funnel the dividends into whatever inexpensive index fund you would like to transition to (Total Stock, etc). This prevents you from investing more money in funds you're not su...
by NancyABQ
Wed Jan 30, 2019 9:30 pm
Forum: Personal Investments
Topic: Currently at Personal Capital, need advice
Replies: 17
Views: 1589

Re: Currently at Personal Capital, need advice

If you transfer to Schwab or Fidelity, they will probably give you some kind of promo offer, such as $1000 and some free trades, for that size portfolio. Personally, I like Schwab. They have great customer service and many no-trading-fee options. If you are doing ETFs and want a Vanguard ETF, their ...
by NancyABQ
Sat Jan 05, 2019 12:03 am
Forum: Personal Investments
Topic: Portfolio review and advice on inherited funds
Replies: 12
Views: 956

Re: Portfolio review and advice on inherited funds

... Total investments currently are in very low 7 figures. Due to inheritance i also currently have approximately $150k to invest, as well as several small accounts I'm not sure how to handle. ... Beneficiary IRA (inherited) 0.5% split among 9 funds (50% us stock, 40% bonds, 10% international) --Am...
by NancyABQ
Wed Dec 26, 2018 6:44 pm
Forum: Personal Investments
Topic: Latest I should Tax Loss Harvest?
Replies: 14
Views: 1304

Re: Latest I should Tax Loss Harvest?

Crap! At the time I posted this had a pretty significant loss and then that sudden surge and now all the positions are closed - I'm not sure I can cancel and now I may end up with a gain...UGH....smh This is one of the reasons I prefer ETFs. I know what price I'll be getting, and can sell and buy i...
by NancyABQ
Fri Oct 19, 2018 10:24 pm
Forum: Personal Investments
Topic: Best options for cash in Schwab brokerage accounts?
Replies: 59
Views: 35214

Re: Best options for cash in Schwab brokerage accounts?

Is Schwab's site confusing? I guess it is all about what you are used to. I've used Schwab, Vanguard and Fidelity. I think all 3 could use some improvement in terms of usability. I find most aspects of Schwab's site straightforward, but figuring out how to buy their MM funds (when you have none in ...
by NancyABQ
Mon Oct 15, 2018 5:32 pm
Forum: Investing - Theory, News & General
Topic: Schwab-specific TLH question - SCHF/SCHE
Replies: 12
Views: 893

Re: Schwab-specific TLH question - SCHF/SCHE

I'm at Schwab. I have SCHF in taxable and have been using IXUS (iShares Core MSCI Total International Stock) as a TLH partner, but I did some TLH this morning and couldn't use SCHF/IXUS as the partners due to recent activity within the last 30 days. So I took a quick look and just grabbed some VEU (...
by NancyABQ
Thu Oct 11, 2018 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: Wash Sale?
Replies: 15
Views: 839

Re: Wash Sale?

This is why I turn off automatic dividend reinvesting for all holdings in my taxable account, and for any holdings in my IRA that are also in my taxable account. Then I can control/prevent any inadvertent wash sales.
by NancyABQ
Wed Sep 19, 2018 2:45 pm
Forum: Personal Investments
Topic: Taking Over Management of $7M Portfolio - Need Review/Help Allocating
Replies: 49
Views: 4512

Re: Taking Over Management of $7M Portfolio - Need Review/Help Allocating

I think your plan seems pretty reasonable at first glance. Even though the 4 beneficiaries are on board, I can see the value of covering yourself with some kind of 1-time fee financial consultation. Document what you are doing, and keep the beneficiaries up to date with statements, etc. Maybe get th...
by NancyABQ
Tue Sep 11, 2018 8:56 pm
Forum: Personal Finance (Not Investing)
Topic: My daughter's inheritance.
Replies: 85
Views: 12957

Re: My daughter's inheritance.

Given that this is a revocable living trust, that seems a lot simpler. There are no weird tax consequences -- the income would be under your daughter's taxes directly. I don't think any financial advisor is necessary, but if OP is not used to handling this amount of money, you might consider getting...
by NancyABQ
Sun Sep 09, 2018 11:24 pm
Forum: Personal Finance (Not Investing)
Topic: My daughter's inheritance.
Replies: 85
Views: 12957

Re: My daughter's inheritance.

EDIT: The below does not apply to OP's situation. It is a revocable living trust. Do some investigating on how taxes work with a trust. If your daughter is an "income beneficiary", she will probably have all the income distributed to her (which, should probably be at least 2% per year, if it is inve...
by NancyABQ
Mon Aug 27, 2018 10:19 pm
Forum: Personal Finance (Not Investing)
Topic: Dealing with death and the family finances
Replies: 21
Views: 3157

Re: Dealing with death and the family finances

My father who resides in PA passed away very recently. I am delegated to help Mom handle the financial end of things.. My Dad told my brother he gets his car when he passes, I read the will which states who gets what if his wife predeceases him, if she does not she inherits the entire estate and my...
by NancyABQ
Mon Aug 27, 2018 10:35 am
Forum: Personal Investments
Topic: Need Help: How do I sell my current holdings and use the losses as a tax benefit?
Replies: 11
Views: 796

Re: Need Help: How do I sell my current holdings and use the losses as a tax benefit?

I agree with others suggesting you get a clear listing of the holdings and what the gains/losses are. You should be able to get that at Schwab now. If you look at the "Positions" and then click on the column called "Cost Basis" it should show you gains losses on each lot, for a particular holding. I...
by NancyABQ
Fri Aug 24, 2018 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: Decent compensation to move to Bay Area CA?
Replies: 290
Views: 23584

Re: Decent compensation to move to Bay Area CA?

I would go for it. Don’t try to buy in Sunnyvale. That would be nuts. Buy or rent wherever you can afford it. Pleasanton. Fremont. Daly City. It is all doable and the quality of life in CA more than makes up for not having a fancy formal living room or three car garage. Pleasanton to Sunnyvale? Tha...
by NancyABQ
Wed Aug 22, 2018 9:29 pm
Forum: Personal Investments
Topic: Already retired still need to plan
Replies: 21
Views: 1840

Re: Already retired still need to plan

All my investment accounts are at Fidelity: Small Roth (low 5 figures in FLSPX (Fidelity Low Priced Stock)) Traditional IRA (mid 6 figures in BEGRX (Franklin Mutual Beacon,FLSPX,HRTVX (Heartland Value),RYSEX (Royce Special Equity)) Non IRA (high 6 figures mostly in FCNTX (Fidelity Contra Fund), som...
by NancyABQ
Thu Aug 16, 2018 10:33 pm
Forum: Personal Investments
Topic: Elderly Relative Short on Money
Replies: 98
Views: 9227

Re: Elderly Relative Short on Money

Was she married for at least 10 years, and is 1/2 her husbands Social Security benefit higher than what she earned from her own employment record?

https://www.ssa.gov/planners/retire/divspouse.html
by NancyABQ
Sat Aug 11, 2018 11:48 pm
Forum: Personal Investments
Topic: Helping Parents with Retirement
Replies: 36
Views: 4639

Re: Helping Parents with Retirement

Thanks @arcticpineapplecorp great information. I didn't realize that you don't need to pay any capital gains when switching the funds inside the IRAs. That is great news, because right now 85% of their total non-annuity money is in the IRAs and only 15% is in the taxable account. So that gives me s...