Search found 885 matches

by ivk5
Tue Oct 15, 2019 2:08 am
Forum: Personal Investments
Topic: I-Bonds for emergency fund, now or wait?
Replies: 9
Views: 960

Re: I-Bonds for emergency fund, now or wait?

https://tipswatch.com/ agrees Nov fixed rate likely to go lower.

As I’ve posted before I believe optimal times to buy I Bonds are Apr/Oct (max information advantage) or Nov/Dec (having waited out both rate resets expecting increases).
by ivk5
Mon Oct 14, 2019 6:47 am
Forum: Personal Consumer Issues
Topic: issues with short term disability insurance
Replies: 9
Views: 649

Re: issues with short term disability insurance

djpeteski wrote:
Mon Oct 14, 2019 6:25 am
STD =? Standard or something very different.
The thread title eliminates any reasonable ambiguity.
by ivk5
Sun Oct 13, 2019 9:02 am
Forum: Non-US Investing
Topic: portfolio advice: HNWI Early retiree from Italy/Germany
Replies: 9
Views: 1252

Re: portfolio advice: HNWI Early retiree from Italy/Germany

His instinct to interview Swiss banks suggests he’s intimidated enough that he’s willing to give up a lot to enrich a bank at his expense. This is unfortunate but I’d tread carefully in your shoes- one inclined to trust “experts” may also be inclined to hold you responsible if you say “trust me” and...
by ivk5
Sat Oct 12, 2019 6:20 pm
Forum: Personal Investments
Topic: Roth and Traditional funds
Replies: 5
Views: 243

Re: Roth and Traditional funds

Bama12 wrote:
Sat Oct 12, 2019 6:18 pm
I just notice you really can not buy any index funds in roth.(VFIAX,VEXAX,VSMAX,VTSAX)
Huh? What gave you that idea?
by ivk5
Sat Oct 12, 2019 6:00 am
Forum: Personal Finance (Not Investing)
Topic: Anyone ever got car insurance JUST for car rentals?
Replies: 13
Views: 1113

Re: Anyone ever got car insurance JUST for car rentals?

Many credit cards cover damage incurred to the vehicle if you use the card to book the vehicle. Call your credit card company to make sure they offer it. If so, no need to buy any extra insurance. It also would be good to call your regular auto insurance company and understand what they offer for r...
by ivk5
Sat Oct 12, 2019 5:27 am
Forum: Personal Finance (Not Investing)
Topic: IRS CP2000 notice -- hard lesson (missing cost basis)
Replies: 35
Views: 2891

Re: IRS CP2000 notice -- hard lesson (missing cost basis)

re: Artsdoctor [OP, here] "Once you start investing in taxable accounts, unless you're going to stick with CDs, you need to appreciate that every transaction should be treated as a taxable event . Although brokers are supposed to keep track of cost basis, it's ultimately up to the investor to keep ...
by ivk5
Sat Oct 12, 2019 5:13 am
Forum: Personal Finance (Not Investing)
Topic: Anyone ever got car insurance JUST for car rentals?
Replies: 13
Views: 1113

Re: Anyone ever got car insurance JUST for car rentals?

This is what non-owners policies are for.
by ivk5
Fri Oct 11, 2019 2:00 am
Forum: Personal Consumer Issues
Topic: NY Times $1 per week digital
Replies: 41
Views: 5802

Re: NY Times $1 per week digital

Not worth a dollar It seems a lot of posters insist on adding these sort of “contributions” to this thread. If the deal doesn’t interest you, nobody’s making you read the thread. Are we not more mature than this? It’s a surprising departure from the ordinary level of discourse on BH which tends to ...
by ivk5
Thu Oct 10, 2019 3:57 pm
Forum: Personal Investments
Topic: Sell Vanguard New York Long-Term Tax-Exempt Fund when move out of NY?
Replies: 17
Views: 859

Re: Sell Vanguard New York Long-Term Tax-Exempt Fund when move out of NY?

Why sell it? If the fund is holding municipal securities, the interest is still tax exempt on a Federal level. Depending upon the state she moves to, she may or may not have to pay tax on the interest either. I would not be so quick to hit the "sell" button. Using the NY Long-Term Tax-Exempt fund w...
by ivk5
Tue Oct 08, 2019 6:16 am
Forum: Personal Finance (Not Investing)
Topic: Tax on Inheritance by U.S. Citizen from Canadian Resident - Section 2801
Replies: 6
Views: 565

Re: Tax on Inheritance by U.S. Citizen from Canadian Resident - Section 2801

My guess is there are not many posters on BH with relevant knowledge/experience. Either way, you’ll want professional advice from someone with cross-border tax compliance experience.
by ivk5
Tue Oct 08, 2019 3:22 am
Forum: Personal Investments
Topic: Overfunding a 529 - weighing risk / reward
Replies: 18
Views: 1571

Re: Overfunding a 529 - weighing risk / reward

how do contributions versus earnings get allocated? Since I see basically nothing specific on the web, other than that you pay taxes on earnings, I'm guessing that it's pro-rata all the way, both for qualified distributions and for non-qualified withdrawals. See IRS Pub 970, Chapter 8 - Qualified T...
by ivk5
Mon Oct 07, 2019 7:23 pm
Forum: Personal Investments
Topic: New investor... Am I crazy?
Replies: 42
Views: 3757

Re: New investor... Am I crazy?

DublinGuy1975 wrote:
Mon Oct 07, 2019 4:13 pm
VTSAX seems to be a well supported fund by folks in this forum, but it would be great to see if there are any good recommended bond funds by the community.
it does not appear that you have done much reading here yet.

https://www.bogleheads.org/wiki/Getting_started
by ivk5
Mon Oct 07, 2019 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard Security Error
Replies: 5
Views: 503

Re: Vanguard Security Error

Maybe they stitched the necessary words together from her outgoing message recording on her voicemail- not unlike the Robert Redford film I assume the whole thing is based on. :wink: Thanks for sharing. Concerning though unfortunately unsurprising. Nice thought - unless my wife DIDN'T want to trans...
by ivk5
Mon Oct 07, 2019 6:51 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard Security Error
Replies: 5
Views: 503

Re: Vanguard Security Error

Maybe they stitched the necessary words together from her outgoing message recording on her voicemail- not unlike the Robert Redford film I assume the whole thing is based on. :wink:

Thanks for sharing. Concerning though unfortunately unsurprising.
by ivk5
Mon Oct 07, 2019 4:15 am
Forum: Personal Consumer Issues
Topic: Adding middle name to SSN and Passport
Replies: 17
Views: 1661

Re: Adding middle name to SSN and Passport

The best time to make a legal name change was at naturalization. If the naturalization certificate contained the middle name, then that would be an excellent basis on which to document the name change on other documents. What did she tell the officer who asked her full, legal name? As it and the U....
by ivk5
Mon Oct 07, 2019 12:40 am
Forum: Personal Consumer Issues
Topic: Adding middle name to SSN and Passport
Replies: 17
Views: 1661

Re: Adding middle name to SSN and Passport

How did she get foreign passport issued with a name that was not on her birth certificate and had apparently not been legally changed either there or in US? Many people, when naturalize to become US Citizen, still hold on to their birth countries' passport. Doing that, whenever they visit their bir...
by ivk5
Sun Oct 06, 2019 6:45 pm
Forum: Personal Consumer Issues
Topic: Adding middle name to SSN and Passport
Replies: 17
Views: 1661

Re: Adding middle name to SSN and Passport

From the OP's post, I understand that his wife is a naturalized US citizen and she has a US passport with no middle name and a foreign passport with a middle name. Is the foreign passport still valid; does she have dual citizenship? Was The foreign passport presented as identification when applying...
by ivk5
Sun Oct 06, 2019 3:34 pm
Forum: Personal Consumer Issues
Topic: Adding middle name to SSN and Passport
Replies: 17
Views: 1661

Re: Adding middle name to SSN and Passport

How did she get foreign passport issued with a name that was not on her birth certificate and had apparently not been legally changed either there or in US?
by ivk5
Sat Oct 05, 2019 6:44 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to transfer NZ dollars to US bank.
Replies: 18
Views: 1040

Re: Best way to transfer NZ dollars to US bank.

https://transferwise.com/gb/blog/how-do ... rwise-work
Pay by credit or debit card or make a local bank transfer to TransferWise’s bank account in your country.
by ivk5
Sat Oct 05, 2019 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to transfer NZ dollars to US bank.
Replies: 18
Views: 1040

Re: Best way to transfer NZ dollars to US bank.

How does Transferwise get in between the Bank of New Zealand transfer and the US Bank receiving transfer? That is, BNZ has it's own wire transfer service (with worse currency exchange rates I'm sure). So do you first transfer from BNZ to Transferwise and then from Transferwise to US Bank acct? Or? ...
by ivk5
Sat Oct 05, 2019 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to transfer NZ dollars to US bank.
Replies: 18
Views: 1040

Re: Best way to transfer NZ dollars to US bank.

How does Transferwise get in between the Bank of New Zealand transfer and the US Bank receiving transfer? That is, BNZ has it's own wire transfer service (with worse currency exchange rates I'm sure). So do you first transfer from BNZ to Transferwise and then from Transferwise to US Bank acct? Or? ...
by ivk5
Sat Oct 05, 2019 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: DAF for church offering? [Donor Advised Fund]
Replies: 81
Views: 9788

Re: DAF for church offering? [Donor Advised Fund]

BTW, I have tried, but failed to fix 2 problems with Fidelity DAF. I would like to know that the charity has correctly received the donation, but wish they would do it electronically. I tried leaving comments to email or text me, but so far they seem to be ignored by the charity. I don't want them ...
by ivk5
Sat Oct 05, 2019 2:11 pm
Forum: Personal Investments
Topic: 401 K match
Replies: 25
Views: 2020

Re: 401 K match

You should be immediately vested in contributions that come from your own salary.
by ivk5
Sat Oct 05, 2019 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: How Much is the IRMAA Surcharge?
Replies: 13
Views: 1155

Re: How Much is the IRMAA Surcharge?

This SSA doc includes figures for both Part B and prescription drug coverage: https://www.ssa.gov/pubs/EN-05-10536.pdf

This info and much more from authoritative sources is locatable via search engines, though of course the forum can help with more nuanced advice.
by ivk5
Sat Oct 05, 2019 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Best way to transfer NZ dollars to US bank.
Replies: 18
Views: 1040

Re: Best way to transfer NZ dollars to US bank.

+1 to TransferWise for this use case- not the absolute cheapest, but competitive and hassle-free. Also important and not mentioned above (and not what you asked): make sure he is aware of and compliant with IRS/Treasury filing obligations for US citizens overseas. That includes not just US tax retu...
by ivk5
Sat Oct 05, 2019 9:20 am
Forum: Personal Finance (Not Investing)
Topic: Tax guy my mom hired has me paying suspiciously high tax on investments
Replies: 46
Views: 6301

Re: Tax guy my mom hired has me paying suspiciously high tax on investments

I have like 300k in a trust fund that's about to come into my possession, and I learned that over the past few years, my mom (the trustee) has been having a tax guy do the taxes on it (and then of course the payments to the state and the IRS come out of my trust money), but what really raised an ey...
by ivk5
Sat Oct 05, 2019 7:51 am
Forum: Personal Finance (Not Investing)
Topic: Best way to transfer NZ dollars to US bank.
Replies: 18
Views: 1040

Re: Best way to transfer NZ dollars to US bank.

+1 to TransferWise for this use case- not the absolute cheapest, but competitive and hassle-free. Also important and not mentioned above (and not what you asked): make sure he is aware of and compliant with IRS/Treasury filing obligations for US citizens overseas. That includes not just US tax retur...
by ivk5
Fri Oct 04, 2019 9:46 pm
Forum: Personal Finance (Not Investing)
Topic: earned more than 50 cents in interest in TIRA before conversion to Roth IRA (backdoor Roth)
Replies: 7
Views: 757

Re: earned more than 50 cents in interest in TIRA before conversion to Roth IRA (backdoor Roth)

Silk McCue wrote:
Fri Oct 04, 2019 11:26 am
Welcome to Bogleheads!

What you propose is not necessary. You are making more out of this than you should. Convert it and move on.

Cheers
+1
by ivk5
Fri Oct 04, 2019 9:44 pm
Forum: Personal Finance (Not Investing)
Topic: gifting
Replies: 30
Views: 1910

Re: gifting

Might consider gifting no strings attached and let her decide to use to payoff mortgage.

Could also consider gifting 15k/30k now (depending if you are single/married) and balance after Jan 1 to eke our a bit more from the exclusion.
by ivk5
Fri Oct 04, 2019 10:10 am
Forum: Personal Finance (Not Investing)
Topic: [Deduct home health care expenses using LLC?]
Replies: 11
Views: 815

Re: [Deduct home health care expenses using LLC?]

No use speculating about what cockamamie arrangement was intended. It’s clear that there’s no bona fide business here; and legitimate medical expenses are deductible, subject to the applicable limits (AGI floor, no benefit until std deduction exceeded, etc).
by ivk5
Fri Oct 04, 2019 8:12 am
Forum: Personal Investments
Topic: I pulled out... How do I get back in?
Replies: 100
Views: 12896

Re: I pulled out... How do I get back in?

This one is easy. Wait till the bottom then get back in and enjoy the ride up. Is this sarcasm? How does one tell where the bottom is? That is sarcasm. It is great advice nonetheless ! :greedy Domadosolo, 1) You are not capable of handling 5 ETFs. So, it is pointless to discuss the fees of a plan t...
by ivk5
Fri Oct 04, 2019 8:06 am
Forum: Personal Finance (Not Investing)
Topic: [Deduct home health care expenses using LLC?]
Replies: 11
Views: 815

Re: Scam?

A bit cryptic but it seems the proposal is to misrepresent medical expenses as business expenses. That would indeed be improper and perhaps (IANAL) fraudulent.
by ivk5
Thu Oct 03, 2019 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: Describe Your Perfect Life Insurance Product
Replies: 19
Views: 979

Re: Describe Your Perfect Life Insurance Product

-Decreasing death benefit (from $X to $X*0.5) over 20/25/30 year term -Decreasing premiums (from $Y to $Y*0.5) over same 20/25/30 year term (we may not be able to offer level premiums due to reserving regulations) What about a benefit and premium which scales with inflation? That is, the rate of de...
by ivk5
Mon Sep 30, 2019 5:44 am
Forum: Personal Investments
Topic: Bonds as a large part of the portfolio
Replies: 16
Views: 1144

Re: Bonds as a large part of the portfolio

Instead of us feeding you an answer, could I suggest you start by laying out what you see as the comparative risks FOR YOU of various options, and your view of the role of fixed income allocation in YOUR portfolio? Then we can help identify where there may be gaps in your risk analysis. (Yes, invest...
by ivk5
Sun Sep 29, 2019 5:37 am
Forum: Non-US Investing
Topic: which bond etf is better?
Replies: 9
Views: 1162

Re: which bond etf is better?

In addition to comments above re clarifying overall investment objective and portfolio allocation, important to know if you are a non-US investor (assuming since both ETFs are non-US-domiciled) and why, in that case, you think you should have unhedged USD fixed income. Do you expect to spend USD in ...
by ivk5
Sat Sep 28, 2019 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: Capital One 360 shaking up savings accounts
Replies: 26
Views: 7449

Re: Capital One 360 shaking up savings accounts

Thanks for posting about these changes Ice-9, I would not have been aware otherwise. I have a Capital One 360 on-line savings account. Does anyone know the procedure for opening a Capital One 360 on-line money market account and having my current savings balance transferred to it as the initial dep...
by ivk5
Sat Sep 28, 2019 6:24 am
Forum: Personal Investments
Topic: 401k Rollover, how badly did I mess this one up?
Replies: 16
Views: 897

Re: 401k Rollover, how badly did I mess this one up?

cdu7 wrote:
Sat Sep 28, 2019 6:10 am
Should I just throw my hands up and say oh well there was nothing I could have done?
Or what?

Don’t sweat it. It happens. A few percent one-time loss won’t kill you over a lifetime of investing.
by ivk5
Sat Sep 28, 2019 6:15 am
Forum: Investing - Theory, News & General
Topic: Is the Foreign Tax Credit worth it?
Replies: 16
Views: 1921

Re: Is the Foreign Tax Credit worth it?

Need to consider the alternative / opportunity cost. Where you hold your international allocation affects where you will hold domestic equities and/or fixed income. The details depend on your marginal tax rates, expected dividend yields, and expected qualified dividend ratio. Very roughly speaking, ...
by ivk5
Fri Sep 27, 2019 1:42 pm
Forum: Personal Investments
Topic: Should I buy I-bonds when I'm >30 years from retirement?
Replies: 50
Views: 4323

Re: Should I buy I-bonds when I'm >30 years from retirement?

markcoop wrote:
Fri Sep 27, 2019 9:53 am
(btw - you can always wait a couple of years after the 30 year point to cash them, without interest, so you have some flexibility)
The interest is taxable in the year of maturity whether or not the bonds are redeemed.
by ivk5
Fri Sep 27, 2019 7:30 am
Forum: Personal Investments
Topic: Should I buy I-bonds when I'm >30 years from retirement?
Replies: 50
Views: 4323

Re: Should I buy I-bonds when I'm >30 years from retirement?

Absolutely that is the perfect question, because you are losing the tax deferral benefit of the Savings Bonds. However, the US Saving I Bonds provide a small, but predictable amount of inflation future funds to use for disbursements in the withdrawal period. In addition, because there are no tax co...
by ivk5
Thu Sep 26, 2019 2:04 am
Forum: Personal Investments
Topic: Large one-time purchase: ETF or Admiral fund?
Replies: 18
Views: 1562

Re: Large one-time purchase: ETF or Admiral fund?

softwaregeek wrote:
Thu Sep 26, 2019 1:27 am
I would go with the etf. If at some point you move brokerage's it is easier. I had a Schwab index fund I couldn't move to Merrill edge. There is no guarantee the admiral shares could be moved easily.
:?: Yes there is, because admiral shares can be converted to ETF shares as discussed above.
by ivk5
Wed Sep 25, 2019 9:18 pm
Forum: Personal Investments
Topic: Should I buy I-bonds when I'm >30 years from retirement?
Replies: 50
Views: 4323

Re: Should I buy I-bonds when I'm >30 years from retirement?

I might have missed it but it is also important to remember that you can only own iBonds in a taxable account but you can own TIPs in a retirement account. I’m not sure if that’s the best way to look at it, since I Bonds let you defer all tax liability for up to 30 years (or not). Most view this as...
by ivk5
Wed Sep 25, 2019 2:36 pm
Forum: Non-US Investing
Topic: VWRD Dividends
Replies: 7
Views: 488

Re: VWRD Dividends

VT is the symbol for Vanguard Total World Stock ETF. Are you looking at the right symbol? https://investor.vanguard.com/etf/profile/distributions/vt OP is likely a non-US investor. VWRD is an Ireland-domiciled FTSE All-World ETF. https://americas.vanguard.com/institutional/mvc/detail/etf/overview?p...
by ivk5
Mon Sep 23, 2019 9:53 pm
Forum: Personal Investments
Topic: Do I need to become more conservative as I age
Replies: 22
Views: 2891

Re: Do I need to become more conservative as I age

As others have pointed out, it’s your decision but as time passes you have less time and human capital on your side in the event of a downturn. I would frame this in more explicit risk terms. On the side of market risk, the risk of short to intermediate term volatility has not decreased, but you hav...
by ivk5
Mon Sep 23, 2019 9:33 pm
Forum: Personal Consumer Issues
Topic: Elite liberal art colleges or bigger selective universities?
Replies: 59
Views: 4313

Re: Elite liberal art colleges or bigger selective universities?

Not much info to go on. Fit may be heavily impacted by student’s personality, learning style, etc. Different social environments as well. Getting environmental fit that suits student’s development makes all the difference.
by ivk5
Sun Sep 22, 2019 10:16 pm
Forum: Personal Investments
Topic: I am being asked to retire. Am I ready?
Replies: 84
Views: 10384

Re: I am being asked to retire. Am I ready?

I've been told that OP: you made this comment a couple times about topics that are vital to your retirement finances (ACA subsidies, taxes, timing of Roth conversions). I’d suggest doing a little more reading here and experimenting with resources linked in wiki until you have a basic comfort level ...
by ivk5
Sun Sep 22, 2019 1:46 pm
Forum: Personal Investments
Topic: Should I buy I-bonds when I'm >30 years from retirement?
Replies: 50
Views: 4323

Re: Should I buy I-bonds when I'm >30 years from retirement?

Delaying I-Bond purchases until <= 30 years from distribution phase makes sense to me. IMHO, depends on where OP will invest if not in I Bonds. If OP has additional tax-advantaged space available (401k, Roth/backdoor, HSA, etc) then I might agree with Spirit Rider. If tax-advantaged space is alread...