Search found 186 matches

by RetiredCSProf
Sun Dec 16, 2018 12:31 am
Forum: Investing - Help with Personal Investments
Topic: Help get me out of these ETFs...
Replies: 3
Views: 479

Re: Help get me out of these ETFs...

Here's two more in lieu of IDV for international:

VYMI, Vanguard Intnl High Dividend Yield, but not commission-free at Fido, ER = 0.32%
EFV, Ishares MSCI EAFE Value ETF, commission-free at Fido, ER = .38%
by RetiredCSProf
Sun Dec 16, 2018 12:14 am
Forum: Investing - Help with Personal Investments
Topic: Help get me out of these ETFs...
Replies: 3
Views: 479

Re: Help get me out of these ETFs...

I'm responding directly to your question, without commenting on the merits of the portfolio. Fido offers a bunch of ETFs from iShares as commission-free. In lieu of IDV, Fido offers Fido Intnl High Dividend [FIDI] ETF as commission-free with a net expense ratio of 0.39%. There's also Ishares Core Di...
by RetiredCSProf
Sat Dec 15, 2018 10:51 pm
Forum: Investing - Help with Personal Investments
Topic: Safe Harbor, Cap Gain, and RMD
Replies: 4
Views: 309

Safe Harbor, Cap Gain, and RMD

I have read several of the Safe Harbor threads, but I am still confused about withholding versus estimated quarterly tax payments. Capital Gain in 2019: In 3rd quarter of 2019, I expect to complete the sale of an out-of-state property and I will realize a long-term capital gain of about $230K. I am ...
by RetiredCSProf
Sat Dec 15, 2018 6:01 pm
Forum: Personal Finance (Not Investing)
Topic: How to Evaluate Giving
Replies: 15
Views: 1130

Re: How to Evaluate Giving

I turned 70.5 this year. Instead of reporting donations under my tax return, I'm taking a standard deduction and making donations with QCDs from my IRA. I'm no longer donating material goods to Good Will or Habitats for Humanity. I finished distributing QCDs before December to allow enough time to c...
by RetiredCSProf
Fri Dec 14, 2018 12:42 am
Forum: Investing - Help with Personal Investments
Topic: Good fund choice for Teenager's IRA?
Replies: 13
Views: 651

Re: Good fund choice for Teenager's IRA?

This post makes me feel nostalgic. I was a teenager (in the 60's) when my Dad handed me a newspaper and told me to choose a stock from the New York Stock Exchange. I had received a settlement in a PI case where I sustained a whiplash in a car accident. I ended up making enough money in my investment...
by RetiredCSProf
Thu Dec 13, 2018 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: Home improvements and taxes
Replies: 9
Views: 935

Re: Home improvements and taxes

Thanks for the reference to the IRS Publication. I replaced most of the windows and took tax credits for the energy-related improvements. Pub 523 says I need to subtract the tax credits from cost of window replacement. When I replaced the roof, I chose a material with a 50-year warranty versus the e...
by RetiredCSProf
Wed Dec 12, 2018 9:44 pm
Forum: Personal Finance (Not Investing)
Topic: Home improvements and taxes
Replies: 9
Views: 935

Re: Home improvements and taxes

I am following this because I have related questions. I am unsure which home improvements would be considered "improvement" versus replacement or maintenance. My house is 30 years old and I am thinking about selling in a few years. Examples: Replaced original roof with same type of roof, but higher ...
by RetiredCSProf
Wed Dec 05, 2018 11:55 pm
Forum: Investing - Help with Personal Investments
Topic: Roth conversion
Replies: 15
Views: 1745

Re: Roth conversion

I think we need to know your taxable income this year before you add the $75,000 Roth conversion. Not knowing that, I would probably just convert up to the jump in medicare or the top of the 22% bracket, whichever comes first. It's probably not going to make very much long term difference. Once you...
by RetiredCSProf
Tue Dec 04, 2018 1:38 pm
Forum: Investing - Help with Personal Investments
Topic: Need advice on allocation of fixed income.
Replies: 10
Views: 908

Re: Need advice on allocation of fixed income.

Whoops! Just edited my post. Fido recommended 15% in high yield, not 25%. I reversed floating rate and high yield
by RetiredCSProf
Tue Dec 04, 2018 2:02 am
Forum: Investing - Help with Personal Investments
Topic: Need advice on allocation of fixed income.
Replies: 10
Views: 908

Re: Need advice on allocation of fixed income.

I have similar questions, but I am already in retirement and starting to draw RMDs. I like the idea of keeping about three years worth of RMDs in short-term bonds. I received conflicting advice from brokerages: Fido advised that I allocate fixed-income as follows: 30% (of fixed income) in aggregate ...
by RetiredCSProf
Mon Dec 03, 2018 10:12 pm
Forum: Personal Finance (Not Investing)
Topic: Support for non-dependent Child in College
Replies: 6
Views: 782

Re: Support for non-dependent Child in College

Bottom line: there are two ¨flavors¨ of dependents. Your son has been your QC dependent but will age out of that status the year he turns 24.* If you are still providing over half his support and if he does not make more than $4,150, he can still be your QR dependent. *Note: if your child is consid...
by RetiredCSProf
Mon Dec 03, 2018 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: Support for non-dependent Child in College
Replies: 6
Views: 782

Re: Support for non-dependent Child in College

Thanks. I will look at the rules for qualifying relative.
by RetiredCSProf
Sun Dec 02, 2018 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: Support for non-dependent Child in College
Replies: 6
Views: 782

Support for non-dependent Child in College

My son is taking a slow but steady path through college and will likely turn 24 before he completes his bachelor's degree. He has been living at home and commuting to classes, but is talking about moving into a residence hall or apartment closer to campus. My understanding of the IRS rules is that i...
by RetiredCSProf
Thu Nov 29, 2018 2:32 pm
Forum: Investing - Help with Personal Investments
Topic: Marijuana [Stock]
Replies: 50
Views: 4509

Re: Marijuana [Stock]

You can find stocks that are focused on marijuana, but it is likely that they will own other commodities, as well. For example, Phillip Morris is a "tobacco stock," but it purchased Kraft Foods.
by RetiredCSProf
Wed Nov 28, 2018 2:04 am
Forum: Investing - Theory, News & General
Topic: What is your allocation to U.S. and International?
Replies: 119
Views: 7082

Re: What is your allocation to U.S. and International?

Advisors at TRP and Fido both recommended that I keep 30% of my equities in international. It's probably the only AA area where they agreed. Neither gave a recommendation on AA of emerging versus developed markets. TRP advisor recommended that I keep 15% of my bond funds in international, split even...
by RetiredCSProf
Mon Nov 26, 2018 2:16 pm
Forum: Personal Consumer Issues
Topic: Name something you had to have and now you regret purchasing it?
Replies: 444
Views: 54403

Re: Name something you had to have and now you regret purchasing it?

In 2012, I remodeled my kitchen and "had to have" a marble baking center and prep sink. The layout was awkward, I lost counter-space, and rarely used the prep sink. In 2015, I remodeled the kitchen again (long story) and replaced the baking center and prep sink with a large peninsula countertop, whi...
by RetiredCSProf
Sun Nov 25, 2018 11:49 pm
Forum: Personal Consumer Issues
Topic: Name something you had to have and now you regret purchasing it?
Replies: 444
Views: 54403

Re: Name something you had to have and now you regret purchasing it?

T. Rowe Price Science and Technology Fund a year or two before the tech bubble burst, way before I found Bogleheads. Bought it to sock away college money for the kids. Ended up getting an expensive education on sector funds. Avoid them at all costs. Me, too. Also bought shares of Jacob Internet Fun...
by RetiredCSProf
Thu Nov 22, 2018 11:26 pm
Forum: Personal Finance (Not Investing)
Topic: The psychology of withdrawing from your portfolio
Replies: 58
Views: 5880

Re: The psychology of withdrawing from your portfolio

I retired six years ago and still find it difficult to adjust from accumulation phase to de-accumulation phase. In the accumulation phase, I invested aggressively. I was at 100% equities when I first started investing (in high school), but still at 80% equities in my 50's. When I retired (I was caug...
by RetiredCSProf
Wed Nov 21, 2018 5:02 pm
Forum: Personal Finance (Not Investing)
Topic: Question about qualified charitable distribution (QCD)
Replies: 11
Views: 564

Re: Question about qualified charitable distribution (QCD)

You can choose to have the check mailed to the charity or to the owner of the account. If the check is sent from the brokerage to the account owner, the account owner can add a note with the check to the charity, such as "in memory of .." or "in celebration of ..." For the tax return, you need only ...
by RetiredCSProf
Sun Nov 04, 2018 2:28 pm
Forum: Investing - Help with Personal Investments
Topic: When to redeem EE savings bond?
Replies: 7
Views: 886

Re: When to redeem EE savings bond?

Thanks for all the responses. The issue date is "12/1988" I will disregard the purchase date stamped on the bond. I expect the last interest will accrue on December 1, 2018. I will redeem the bond in December and report all interest accrued on my Federal Income Tax return for 2018 (no state income t...
by RetiredCSProf
Fri Nov 02, 2018 6:20 pm
Forum: Investing - Help with Personal Investments
Topic: When to redeem EE savings bond?
Replies: 7
Views: 886

When to redeem EE savings bond?

While working in the defense industry, I was strongly encouraged to purchase US savings bonds. I thought I would be able to use them toward my son's college education, but my income is above the threshold. The oldest of my bonds has a final maturity date of December 2018 and is earning 4.00% interes...
by RetiredCSProf
Tue Oct 30, 2018 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: Calculating ROI for PhD
Replies: 86
Views: 4854

Re: Calculating ROI for PhD

The ROI for my PhD in Computer Science was zero. At age 30, I went back for my PhD, which took 8 years, partly because I was working concurrently. I had a work-study fellowship for two years and a full-study fellowship for one year, but it wasn't enough to live on, so I took $10K in student loans. W...
by RetiredCSProf
Tue Oct 30, 2018 1:29 am
Forum: Personal Finance (Not Investing)
Topic: Is a 529 account a reasonable alternative to gifting money to children in a trust?
Replies: 2
Views: 464

Re: Is a 529 account a reasonable alternative to gifting money to children in a trust?

I think that you are overlooking some of the advantages of a 529 account over a UGMA account: 1) tax advantage -- no taxes on gains in a 529 account as long as the funds are used for education 2) if the beneficiary receives a scholarship, an equivalent amount can be withdrawn from the 529 account wi...
by RetiredCSProf
Tue Oct 30, 2018 12:21 am
Forum: Personal Finance (Not Investing)
Topic: SS Taxation -Please Clarify
Replies: 16
Views: 2080

Re: SS Taxation -Please Clarify

The default is zero percent withheld for Federal income tax. Withholding is a voluntary request, Form W-4V
by RetiredCSProf
Mon Oct 29, 2018 8:29 pm
Forum: Personal Finance (Not Investing)
Topic: SS Taxation -Please Clarify
Replies: 16
Views: 2080

Re: SS Taxation -Please Clarify

I realize this post is a few months old, but I want to thank posters for responding. I was puzzled how social security computed the voluntary tax withheld -- now I understand that SS applies the percentage selected to the monthly benefit after deducting premiums for Part B and Part D (both of which ...
by RetiredCSProf
Mon Oct 22, 2018 9:54 pm
Forum: Investing - Help with Personal Investments
Topic: Dividend Growth Funds
Replies: 7
Views: 963

Re: Dividend Growth Funds

I am currently invested ($10K each) in both the TRP Dividend Growth fund and TRP Capital Opportunity (mimics S&P 500 index) in my tax-deferred account. As you mentioned, Cap Opp has offered better returns, but Dividend Growth has been less volatile. This was especially noticeable over the past coupl...
by RetiredCSProf
Wed Oct 17, 2018 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: secure land for donation for county park
Replies: 17
Views: 1598

Re: secure land for donation for county park

I have a little bit of experience with this as a seller. A developer offered to purchase woodlands from me in an area zoned for residential, but wanted only the dry land, leaving me with acres of unbuildable prime wetlands. I contacted the local conservation groups. Their response was that they woul...
by RetiredCSProf
Wed Oct 17, 2018 1:02 am
Forum: Personal Finance (Not Investing)
Topic: Kids not interested in money / allowance
Replies: 50
Views: 5082

Re: Kids not interested in money / allowance

My son was not interested in an allowance at that age, either -- it didn't matter whether I handed him the allowance or he had to "earn" it. So, I resorted to depositing his weekly allowance into his savings account, with no strings attached. He's in college now, living at home, and gets an allowanc...
by RetiredCSProf
Thu Oct 11, 2018 6:51 pm
Forum: Investing - Help with Personal Investments
Topic: Index vs. actively managed funds....is there a good tool to compare?
Replies: 24
Views: 1953

Re: Index vs. actively managed funds....is there a good tool to compare?

I am hearing two different questions: 1) Do actively-managed funds routinely beat index funds? (by a wide enough margin to justify the higher net expense ratio)? 2) Will growth stocks continue to outpace value stocks? As a computer scientist, I can attempt to answer the first question. An index fund...
by RetiredCSProf
Thu Oct 11, 2018 2:26 pm
Forum: Investing - Help with Personal Investments
Topic: Index vs. actively managed funds....is there a good tool to compare?
Replies: 24
Views: 1953

Re: Index vs. actively managed funds....is there a good tool to compare?

I am invested in the TRP funds you mentioned, Blue Chip Growth and Mid-Cap Growth. These funds are both more growth-oriented than an S&P 500 index fund. The Mid-Cap Growth fund is more concentrated in companies with a smaller capitalization than an S&P 500 index fund. Given that growth has outperfor...
by RetiredCSProf
Wed Oct 10, 2018 10:48 am
Forum: Personal Finance (Not Investing)
Topic: FAFSA questions
Replies: 29
Views: 2245

Re: FAFSA questions

Some, but not all, private schools require the CSS as well as the FAFSA. The CSS has more questions, e.g., the market value of your home, mortgage on your home, assets of a business that you hold (regardless of the number of employees).
by RetiredCSProf
Tue Oct 09, 2018 11:47 pm
Forum: Personal Finance (Not Investing)
Topic: Formula for when to buy in bulk
Replies: 41
Views: 3343

Re: Formula for when to buy in bulk

I had a good friend who bought food in bulk. His nickname was the "coupon king." He recently passed away (early 70's) after a 3-year battle with esophageal cancer and disastrous effects of radiation. His obsession with frugality was an excuse for unhealthy eating habits -- he bought extra meat when ...
by RetiredCSProf
Mon Oct 08, 2018 12:57 am
Forum: Personal Finance (Not Investing)
Topic: FAFSA questions
Replies: 29
Views: 2245

Re: FAFSA questions

Spoiler-alert: The end result of my filling out the FAFSA was that my son was offered $2K in work-study for this academic year -- I'm still waiting for him to apply for an on-campus job. His current school's tuition is about $50K per year. In filling out the FAFSA, 1. I entered the amounts from chec...
by RetiredCSProf
Tue Sep 25, 2018 2:57 pm
Forum: Personal Consumer Issues
Topic: General contractor vs. hiring indivdual contractors
Replies: 7
Views: 1215

Re: General contractor vs. hiring indivdual contractors

I had a horrible experience with hiring a general contractor (GC), who was recommended by a friend, and am currently in litigation. If you decide to go this route, I recommend having an attorney review your contract before you sign it. It was much more expensive to have a GC. The GC charged a 20% fe...
by RetiredCSProf
Tue Sep 25, 2018 12:03 am
Forum: Personal Finance (Not Investing)
Topic: Long Term Care
Replies: 92
Views: 4868

Re: Long Term Care

I purchased a hybrid LTC policy from Lincoln Financial Group a few years ago. I am single and 70. I paid a one-time lump-sum premium. If I never use the policy, the premium that I paid becomes life insurance for my beneficiary. How much was the one time premium? That would be useful information to ...
by RetiredCSProf
Mon Sep 24, 2018 10:38 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Care
Replies: 92
Views: 4868

Re: Long Term Care

I purchased a hybrid LTC policy from Lincoln Financial Group a few years ago. I am single and 70. I paid a one-time lump-sum premium. If I never use the policy, the premium that I paid becomes life insurance for my beneficiary. I purchased the policy with an inflation rider. The way it works is that...
by RetiredCSProf
Wed Sep 12, 2018 10:48 pm
Forum: Personal Finance (Not Investing)
Topic: Rent vs Buy for low-income retiree
Replies: 23
Views: 2109

Re: Rent vs Buy for low-income retiree

I am the OP. Thanks for so many good suggestions, but I'm making no headway with my sister. In response to the questions... My sister's husband was self-employeed and had a very high income until he stopped working at age 80, due to declining health. My sister's savings are proceeds from the sale of...
by RetiredCSProf
Sat Sep 08, 2018 7:19 pm
Forum: Personal Finance (Not Investing)
Topic: Rent vs Buy for low-income retiree
Replies: 23
Views: 2109

Rent vs Buy for low-income retiree

My sister is 75 and recently widowed. Her only income is Soc Sec. She has about $150K in savings. She lives in a house that she purchased for $800K cash one year ago. My sister says she cannot afford the property taxes on her house (CA). She wants to sell her house and use the proceeds to purchase a...
by RetiredCSProf
Sat Sep 08, 2018 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: Implementing a QCD at Fidelity
Replies: 17
Views: 1405

Re: Implementing a QCD at Fidelity

I apologize if I was unclear. Acknowledgment is needed if amount of check is $250 or more. There is no minimum on the size of the QCD check.

[edited to add:] The acknowledgment is for your records, in case audited, and not included with your tax return.
by RetiredCSProf
Fri Sep 07, 2018 11:16 pm
Forum: Personal Finance (Not Investing)
Topic: Implementing a QCD at Fidelity
Replies: 17
Views: 1405

Re: Implementing a QCD at Fidelity

I recently turned 70.5 and took QCDs from Fido. I downloaded and printed the online form, which offers two options: Mail checks directly to charity or mail checks to account owner. I filled out the form, brought it to the local Fido office, signed it in front of a representative, and turned it in to...
by RetiredCSProf
Thu Sep 06, 2018 11:51 pm
Forum: Investing - Help with Personal Investments
Topic: Max you should invest in a 529?
Replies: 181
Views: 10423

Re: Max you should invest in a 529?

I invested $55K into an age-based Vanguard 529 when my son was about 6 years old. This was a gift from Gramma (super-gifting $11K per year for five years). By the time my son started college, the fund had grown to $100K (kept up with inflation in college tuition costs). I had previously invested $50...
by RetiredCSProf
Thu Sep 06, 2018 11:22 pm
Forum: Personal Finance (Not Investing)
Topic: disability benefits
Replies: 4
Views: 809

Re: disability benefits

I was working part-time when I took off six weeks to recover from surgery (repairing fractured ankle / foot). My disability was half what I would have received if I had been working full-time. (State of California) At that time, my company offered "flexible" part-time, where my hours varied between ...
by RetiredCSProf
Fri Aug 31, 2018 9:46 pm
Forum: Investing - Theory, News & General
Topic: Possible Change to RMDs? [Executive order]
Replies: 47
Views: 6263

Re: Possible Change to RMDs? [Executive order]

This proposed change to RMDs was reported on the "Nightly Business News" this evening.

This was reported along with a proposal to reduce capital gains by inflation. That is, to add a factor for inflation to the cost basis of property sold.
by RetiredCSProf
Mon Aug 27, 2018 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: Yeesh. Car damage right before lease end
Replies: 13
Views: 1871

Re: Yeesh. Car damage right before lease end

My only experience with damage to a leased car is that I informed the insurance company first, and then informed the dealer, who set up for estimate and repairs with their recommended body shop (the shop was acceptable to the insurance company, as well). They made it simple by having me drop off the...
by RetiredCSProf
Sun Aug 26, 2018 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: 529 withdrawl timing
Replies: 10
Views: 1128

Re: 529 withdrawl timing

It really depends on the school's billing and reporting cycle. Trimester schools may require payment for the second trimester in December or in January, and will report accordingly on the 1098-T. I know of another semester school that requires payment for the spring semester in December, so a fresh...
by RetiredCSProf
Sun Aug 19, 2018 12:35 am
Forum: Investing - Help with Personal Investments
Topic: Withdrawal rate and tax-adjusted asset allocation
Replies: 6
Views: 791

Re: Withdrawal rate and tax-adjusted asset allocation

@FiveK: My marginal fed tax rate is 24% and state (CA) is 9.3%; fed + state = 1/3 of withdrawals from my tax-deferred accounts will go to taxes. My tax rate will increase in two years when I am demoted from Head-of-Household to single (using 2018 tax rates and rules) when my child ages out of depend...
by RetiredCSProf
Fri Aug 17, 2018 12:32 pm
Forum: Investing - Help with Personal Investments
Topic: Withdrawal rate and tax-adjusted asset allocation
Replies: 6
Views: 791

Re: Withdrawal rate and tax-adjusted asset allocation

Does the "4% rule" calculate to a $40K withdrawal in the first year? That is, are all accounts considered "equal," regardless of how I take the withdrawal? Yes. Note, however, that the $40K needs to cover any and all taxes. Taxes are an expense, same as eggs and electricity, per the "4% rule." Are ...
by RetiredCSProf
Thu Aug 16, 2018 10:05 pm
Forum: Investing - Help with Personal Investments
Topic: Withdrawal rate and tax-adjusted asset allocation
Replies: 6
Views: 791

Withdrawal rate and tax-adjusted asset allocation

I have been reading the BH threads on safe withdrawal rate strategies during retirement years. Do these strategies apply equally across an investment portfolio that includes Roth, tax-deferred IRAs, and a taxable portfolio? If I apply a withdrawal rate strategy with a percentage (fixed or variable r...
by RetiredCSProf
Sun Aug 12, 2018 9:18 pm
Forum: Investing - Help with Personal Investments
Topic: Multiple tIRA accounts-- any reason to not consolidate?
Replies: 17
Views: 1354

Re: Multiple tIRA accounts-- any reason to not consolidate?

My IRA through work is with TRowePrice. It's just a regular IRA but I do get matching and of course can save more there than outside of work-- so I will keep it for now. I won't roll other money over into it but I have access to a couple good Vanguard funds so I'll keep it. When I retire, I will se...
by RetiredCSProf
Thu Aug 09, 2018 2:43 pm
Forum: Investing - Help with Personal Investments
Topic: QLAC and RMD
Replies: 7
Views: 529

Re: QLAC and RMD

I considered purchasing $100K in a QLAC before I started taking RMDs; instead, I decided to convert $100K from my tax-deffered IRAs to Roth IRAs. The QLAC does not avoid RMDs, but extends out the time. Once the money is placed into a QLAC, there's no going backward. The Roth conversion allowed me to...