Search found 57 matches

by CenTexan
Sun Aug 30, 2020 5:12 pm
Forum: Personal Investments
Topic: SEC 30 day yield vs Distribution yield
Replies: 44
Views: 2348

Re: SEC 30 day yield vs Distribution yield

Most people consider SEC yield, which is based on the yield to maturity of the bonds in the fund, as a better indicator of expected total return than distribution yield. You can see the distribution history for the last 18 months on the Distributions tab of the fund's webpage. Here it is for VFIDX:...
by CenTexan
Tue Aug 25, 2020 2:18 pm
Forum: Personal Investments
Topic: Roth conversion - I could use a little help on timing
Replies: 9
Views: 821

Re: Roth conversion - I could use a little help on timing

ss = so sorry
ss = spreadsheet
SS = Social Security

The middle one is what I meant.
(I have a spreadsheet for calculating my taxes)

ss (the first one!)
by CenTexan
Tue Aug 25, 2020 10:54 am
Forum: Personal Investments
Topic: Roth conversion - I could use a little help on timing
Replies: 9
Views: 821

Re: Roth conversion - I could use a little help on timing

I waited until retired to begin conversions. But I had no pension or SocSec, either., so our income was only from interest/dividends. With the absence of earned income/pension for a few years, I filled up on conversions until I maxed out around the 12% tax rate. I usually did a ss in Feb/March to ge...
by CenTexan
Sat Aug 22, 2020 5:02 pm
Forum: Personal Investments
Topic: ROTH Conversion and Early Retirement Plan
Replies: 30
Views: 2432

Re: ROTH Conversion and Early Retirement Plan

It is not necessary, or even the best idea, to convert everything from traditional to Roth. It can be a good idea to keep some in traditional to use to pay for later long term care or health issues - if the bills are large enough, the money taken out of IRA would not be taxed at all , ever. Retired...
by CenTexan
Fri Aug 21, 2020 5:38 pm
Forum: Personal Consumer Issues
Topic: Is it worth to relocate for retirement?
Replies: 140
Views: 13549

Re: Is it worth to relocate for retirement?

I hear taxes in MA are very high, so you probably would save a bunch by relocating to TX, FL, etc. We left Texas in retirement in a large part due to property/school taxes. While TX may not have an income tax, they make up for it in property taxes. We opted for TN for location, climate, and much lo...
by CenTexan
Fri Aug 21, 2020 5:29 pm
Forum: Personal Investments
Topic: IRA Conversion
Replies: 12
Views: 686

Re: IRA Conversion

I wondered if it was worth it, too, since my crude projection of taxes when I attain RMD age is virtually the same as now. But when I sat back and thought it through, the great benefit of doing the conversion now (I've done it for 3 years now) is that the EARNINGS on the amount you convert is tax fr...
by CenTexan
Sat Jul 11, 2020 11:57 am
Forum: Personal Investments
Topic: Too much in savings?
Replies: 83
Views: 9733

Re: Too much in savings?

Pay off the mortgage. It is a great feeling to be rid of that. And you will be amazed you how much you can save once that debt is gone.
by CenTexan
Wed May 06, 2020 5:26 pm
Forum: Personal Investments
Topic: Retirement Withdrawal via stocks, bonds?
Replies: 9
Views: 810

Re: Retirement Withdrawal via stocks, bonds?

Easy, start doing more Roth conversions now.
+1 :beer
by CenTexan
Tue Apr 28, 2020 12:30 pm
Forum: Personal Investments
Topic: How Do I Move to Cash?
Replies: 11
Views: 1025

Re: How Do I Move to Cash?

Remember: SELLING (at a loss or gain) in your non-taxable account might have no tax consequence for LT or ST, but it can have a tax consequence when you decide to BUY in your non-taxable. Example: I own CCL for a year in my taxable account. Last week, I sell that CCL for a loss, hoping to TLH for th...
by CenTexan
Sun Apr 12, 2020 1:32 pm
Forum: Personal Investments
Topic: How much cash is too much cash?
Replies: 73
Views: 9200

Re: How much cash is too much cash?

OP, in my view the answer partly depends on what you define as cash. For example, I consider only funds sitting in a bank or CU checking or floating rate account to be cash. I consider all of my no-penalty CD's and traditional CD's as the short end of my fixed income exposure. In some respects bett...
by CenTexan
Tue Mar 17, 2020 5:28 pm
Forum: Personal Investments
Topic: Move to CD now after rate cut?
Replies: 23
Views: 2539

Re: Move to CD now after rate cut?

DId this today at Ally. You join/open/create your account, then "add" CDs to your account menu (without paying). Click through menus selecting "Add Money Later." Log out, then back in. Select "Accounts" - it will display a list of the CDs you added to your account. They...
by CenTexan
Sat Feb 22, 2020 6:37 pm
Forum: Personal Investments
Topic: GE Wabco Merger
Replies: 54
Views: 9297

Re: GE Wabco Merger

Wow. Ok - I kinda feel stupid.Yes - the consolidated Vanguard statement contains the 1099-B showing the sale of the fractional share of WAB. Oddly, the sale date (2/25/19) precedes the acquired date (2/26/19). Details: 0.611 shares sold on 2/25/19 (proceeds of $44.46) with acquired date of 2/26 (bas...
by CenTexan
Sat Feb 22, 2020 3:56 pm
Forum: Personal Investments
Topic: GE Wabco Merger
Replies: 54
Views: 9297

Re: GE Wabco Merger

(and again) Oops. The value of WAB on 2/25/19 was indeed $78.06 (I stupidly looked at month later - 3/25/19). But still off a couple of bucks on the math. Maybe fees?
by CenTexan
Sat Feb 22, 2020 3:53 pm
Forum: Personal Investments
Topic: GE Wabco Merger
Replies: 54
Views: 9297

Re: GE Wabco Merger

cas: Thanks for the post. What you say makes sense. Unfortunately, I never received a 1099-B for the sale of the partial share and I checked my online account and there is no record of it in my CONFIRMATION history. But my March statement does show "cash in lieu" of $44.46 for a 2/25/19 tr...
by CenTexan
Sat Feb 22, 2020 2:47 pm
Forum: Personal Investments
Topic: GE Wabco Merger
Replies: 54
Views: 9297

Re: GE Wabco Merger

In fact - my online Vanguard accounting shows the value of the Wabtec share was $44.46. Not the $78.06.
Good grief!
by CenTexan
Sat Feb 22, 2020 2:41 pm
Forum: Personal Investments
Topic: GE Wabco Merger
Replies: 54
Views: 9297

Re: GE Wabco Merger

I'm so confused. . . :confused I downloaded my 1099 from Vanguard in mid-January (2020) and it listed my 1 share of WAB thus: ___________Total Ord Div___Qual. Div ______________Box 1a_______Box 1b 02/25/2019____$78.06______$78.06 05/24/2019____$0.12________$0.12 08/23/2019____$0.12________$0.12 11/2...
by CenTexan
Fri Mar 15, 2019 4:33 pm
Forum: Personal Investments
Topic: Anyone else receiving multiple "corrected" 1099s from Vanguard?
Replies: 0
Views: 569

Anyone else receiving multiple "corrected" 1099s from Vanguard?

Anyone else getting multiple "corrected" 1099's from Vanguard? Today I received Version #3 . That's a total (so far) of 4 different 1099s . The corrections have to do with 3 T notes I inherited from my dad. Corrected version #1 adjusted the "Bond Premium on Treasury Obligations" ...
by CenTexan
Wed Jan 23, 2019 9:47 pm
Forum: Personal Investments
Topic: Does the "60-day" rule apply to all tIRA to Roth conversions?
Replies: 4
Views: 602

Does the "60-day" rule apply to all tIRA to Roth conversions?

Does the "60-day" rule apply to all tIRA to Roth conversions? My tIRA is more than 5 years old and I am over 59 1/2 years old. If I withdraw money from my tIRA to do an indirect rollover (ie, withdrawal is paid directly to me) from my tIRA, how long can i keep the money "out" bef...
by CenTexan
Mon Dec 10, 2018 11:57 am
Forum: Personal Investments
Topic: Roth conversion withholding = quarterly estimated tax payments?
Replies: 2
Views: 377

Roth conversion withholding = quarterly estimated tax payments?

I know this has been covered in previous posts, but I can't find it. Also can't find info on IRS site (or I should say I maxed out my patience looking for it). So please forgive me for asking . . . If I have $s withheld for federal tax from a tIRA to Roth conversion, does that withheld amount "...
by CenTexan
Sun Nov 25, 2018 8:50 pm
Forum: Personal Finance (Not Investing)
Topic: Inheriting accounts as a beneficiary - potential issues and practical tips?
Replies: 33
Views: 2636

Re: Inheriting accounts as a beneficiary - potential issues and practical tips?

Three things that would have made it a little easier when my final parent (Dad) died: 1. A PRINTED copy of who is/are the designated beneficiary on life insurance accounts. My Dad was pretty sharp at the end, but MetLife said he never designated a new beneficiary after my mother's death. I still thi...
by CenTexan
Sun Nov 25, 2018 10:03 am
Forum: Personal Finance (Not Investing)
Topic: TIRA to ROTH conversion - timing and tax plan - comments?
Replies: 6
Views: 578

Re: TIRA to ROTH conversion - timing and tax plan - comments?

Yes - the conversion is listed as ordinary income. Thanks for looking it over.
by CenTexan
Sat Nov 24, 2018 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: TIRA to ROTH conversion - timing and tax plan - comments?
Replies: 6
Views: 578

Re: TIRA to ROTH conversion - timing and tax plan - comments?

Yes - $313 was total bill for year. I had more withheld than that with the conversion, so got a refund last year.
by CenTexan
Sat Nov 24, 2018 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: TIRA to ROTH conversion - timing and tax plan - comments?
Replies: 6
Views: 578

Re: TIRA to ROTH conversion - timing and tax plan - comments?

PS - I will pay all taxes from a non-retirement taxable account so I can place the full $70,000 in the Roth.
by CenTexan
Sat Nov 24, 2018 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: TIRA to ROTH conversion - timing and tax plan - comments?
Replies: 6
Views: 578

TIRA to ROTH conversion - timing and tax plan - comments?

After reading a lot of posts in this forum and other sources, I’ve decided to make (what I call) a large conversion from my TIRA to my ROTH (both accounts over 5 years old) this year. I’d appreciate input from you folks familiar with doing this just to make sure I am not missing something. I realize...
by CenTexan
Wed Nov 07, 2018 10:05 am
Forum: Personal Investments
Topic: Vanguard Transactions & Cost Basis Discrepancies.
Replies: 22
Views: 2260

Re: Vanguard Transactions & Cost Basis Discrepancies.

I had similar problems with Cost Basis on two funds with inherited shares. Vanguard apparently has a whole office of workers who fix these type problems. It took 3 and a half months, but mine finally got corrected. Contact them and be patient.
by CenTexan
Wed Aug 15, 2018 3:17 pm
Forum: Personal Investments
Topic: Are inherited MF shares considered covered or non-covered?
Replies: 5
Views: 582

Are inherited MF shares considered covered or non-covered?

I inherited some Vanguard mutual fund shares from my dad a couple of years ago. I watched closely as Vanguard moved them from his account to mine (I did get the correct number of shares), but I failed to verify that the Cost Basis was entered into my Cost Basis Summary correctly – which should have ...
by CenTexan
Wed Aug 15, 2018 3:06 pm
Forum: Personal Investments
Topic: Moving from Vanguard to Fidelity
Replies: 64
Views: 13057

Re: Moving from Vanguard to Fidelity

I wish Vanguard would do those "surveys" at the end of in-bound client calls. Then we could give a little feedback regarding the service received. Like the condescending attitude I've received a couple times - and the incorrect answers. As well as the reps who admit they don't know and at ...
by CenTexan
Thu May 31, 2018 2:10 pm
Forum: Personal Investments
Topic: Issues redeeming Vanguard Prime Money Market Fund
Replies: 35
Views: 2854

Re: Issues redeeming Vanguard Prime Money Market Fund

I have also Charles checking and brokerage (empty) account so I may consider their Value Advantage Money Fund SWVXX. Thanks With Schwab it took one day to get external funds into both Schwab bank checking and the paired Schwab brokerage account where SWVXX is an option for savings along with other ...
by CenTexan
Sun May 06, 2018 2:26 pm
Forum: Personal Investments
Topic: Need encouragement with holding my bond fund assets
Replies: 27
Views: 2932

Re: Need encouragement with holding my bond fund assets

Thanks, everyone. It is nice to get various viewpoints and comments. When you fell all alone with making investment decisions, it helps a lot to hear feedback and thoughts from others. Gotta love this message board! I think my "take-away" from all replies is to stay the course with the SWA...
by CenTexan
Sat May 05, 2018 6:08 pm
Forum: Personal Investments
Topic: Need encouragement with holding my bond fund assets
Replies: 27
Views: 2932

Re: Need encouragement with holding my bond fund assets

First - thanks to everyone for replying. I often feel like an idiot trying to understand what's going on with my bond funds. I bought them because "that's what you're supposed to do." I just want to know if everyone agrees that the loss I feel I'm experiencing is abnormal - that in the lon...
by CenTexan
Sat May 05, 2018 2:49 pm
Forum: Personal Investments
Topic: Need encouragement with holding my bond fund assets
Replies: 27
Views: 2932

Re: Need encouragement with holding my bond fund assets

PFInterest wrote: Sat May 05, 2018 10:33 am what is your actual XIRR?
SWAGX is down only 0.5% from last year on May 1st.
Schwab website says price per share was $10.02 on May 1, 2017 and on May 1, 2018 it was $9.73. That's a drop of $0.29 per share - about 3% drop. . . plus the complete loss of dividends reinvested. Right?

What is XIRR?
by CenTexan
Sat May 05, 2018 10:32 am
Forum: Personal Investments
Topic: Need encouragement with holding my bond fund assets
Replies: 27
Views: 2932

Need encouragement with holding my bond fund assets

I've watched for a year now as my bond fund value has dropped month by month. The dividends were automatically reinvested to buy more shares, so I now own more shares than when I started, but since the value of each share has dropped over the year, I have (on paper) lost about 3.4% of my investment ...
by CenTexan
Mon Jan 29, 2018 10:18 pm
Forum: Personal Investments
Topic: PIMCO merging Class D with Class A shares - what does this mean to me?
Replies: 4
Views: 3315

Re: PIMCO merging Class D with Class A shares - what does this mean to me?


But OP: Where is there a sales fee? I thought anything like that was also waived for those who were converted.
The MS link in my first post shows the fees. I assumed once the shares were converted to Class A, the same fees would apply. But Justbpatient's post might be the answer.
by CenTexan
Mon Jan 29, 2018 11:17 am
Forum: Personal Investments
Topic: PIMCO merging Class D with Class A shares - what does this mean to me?
Replies: 4
Views: 3315

PIMCO merging Class D with Class A shares - what does this mean to me?

Last week I received a doc through Schwab from PIMCO: As of March 23, 2018, PIMCO is moving all Class D shares (PONDX) into Class A shares (PONAX, I believe). Both shares have a 0.93% ER, but the Class D shares have (had) a no load for purchase or redemption. The Class A have a 3.75% max purchase fe...
by CenTexan
Sat Dec 16, 2017 5:06 pm
Forum: Personal Investments
Topic: Taxable vs. Tax Deferred - not much difference?
Replies: 56
Views: 5771

Re: Taxable vs. Tax Deferred - not much difference?

Thanks for the summary, pepperz. Wish all the posts here would have one (ideally at the top of the chain!) :happy
by CenTexan
Wed Nov 08, 2017 3:28 pm
Forum: Personal Investments
Topic: Selling a losing equity in my Roth
Replies: 5
Views: 880

Re: Selling a losing equity in my Roth

Thanks, Pajamas. True words.
by CenTexan
Tue Nov 07, 2017 3:36 pm
Forum: Personal Investments
Topic: Selling a losing equity in my Roth
Replies: 5
Views: 880

Selling a losing equity in my Roth

Alright - open target here! I have a stock in my Roth portfolio that has lost 92% of its value over the years. But even at that loss, it is earning a dividend equal to 1.4% APR on the originally invested amount. I'm tired of looking at it and being reminded of what I loser I am. I am thinking of sel...
by CenTexan
Sun Nov 05, 2017 2:58 pm
Forum: Personal Investments
Topic: I can take $15k out of my trad IRA with no taxes - should I?
Replies: 37
Views: 4137

Re: I can take $15k out of my trad IRA with no taxes - should I?

If you take a close look at Form 2210 - Sch AI you probably will cringe if you have never done this before. Or if you have done it before, you may swear to never repeat the experience. What you can do is request a TIRA distribution sent to you and elect enough withheld to meet a safe harbor. Endors...
by CenTexan
Fri Nov 03, 2017 5:27 pm
Forum: Personal Investments
Topic: I can take $15k out of my trad IRA with no taxes - should I?
Replies: 37
Views: 4137

Re: I can take $15k out of my trad IRA with no taxes - should I?

Thanks for the replies thus far. I had not thought of the Roth move for the withdrawal. My quick calculation shows I would pay 10% tax (no penalty as I am over 59.5) on an additional $15k withdrawal, so it might be a good move. When the RMDs start, we'll have SS and a pension coming in, so taxes wil...
by CenTexan
Fri Nov 03, 2017 5:00 pm
Forum: Personal Investments
Topic: I can take $15k out of my trad IRA with no taxes - should I?
Replies: 37
Views: 4137

Re: I can take $15k out of my trad IRA with no taxes - should I?

It might not be taxable because your total income is so low that it does not get up to the level of being taxed (exemptions and deductions take up some space before taxable income starts). Maybe I'm just not understanding what you are talking about. Yes - I have low "taxable" income, sinc...
by CenTexan
Fri Nov 03, 2017 4:53 pm
Forum: Personal Investments
Topic: I can take $15k out of my trad IRA with no taxes - should I?
Replies: 37
Views: 4137

Re: I can take $15k out of my trad IRA with no taxes - should I?

Qualified dividend and capital gains do not exist in a tIRA. You have contributions and earnings (or growth) in there. Unless some of it has already been taxed (e.g. non-deductible contributions), It is all considered "ordinary income" and is taxed at your ordinary income rate. Yes - the ...
by CenTexan
Fri Nov 03, 2017 4:41 pm
Forum: Personal Investments
Topic: I can take $15k out of my trad IRA with no taxes - should I?
Replies: 37
Views: 4137

I can take $15k out of my trad IRA with no taxes - should I?

According to my calculations, I should be able to withdraw about $15,000 from my traditional IRA - and not pay any IRS tax on it. Should I do it? Seems a no-brainer to me, but would like to hear from more knowledgeable folks. I've got 10 years until RMDs kick-in and will reinvest the $15k into my ta...
by CenTexan
Fri Sep 15, 2017 10:09 am
Forum: Personal Investments
Topic: US stock, non-US stock, or total bond in ROTH?
Replies: 6
Views: 767

Re: US stock, non-US stock, or total bond in ROTH?

I thought you would want Bonds in a Roth since interest payment is taxed at a higher rate (for most folks) than capital gains and dividends? :confused
by CenTexan
Wed Sep 13, 2017 4:41 pm
Forum: Personal Investments
Topic: Pimco PONDX increasing fee in 3 weeks - stay in?
Replies: 10
Views: 2247

Re: Pimco PONDX increasing fee in 3 weeks - stay in?

Thanks, folks. Anyway I look at it, PONDX is performing well. I've only had it a few months so I think I'll bite my lip and accept the increase in ER and decide at the one-year mark. I don't see how you can compare Vang Wellesley (VWIAX) to PONDX . . . a third of Wellesley is in stocks . . . (and I ...
by CenTexan
Wed Sep 13, 2017 9:04 am
Forum: Personal Investments
Topic: Vanguard Customer Service
Replies: 301
Views: 42795

Re: Vanguard Customer Service

I had to do a Medallion last year with Vanguard. After a couple calls, I found a rep who said if I set up voice recognition with them ("At Vanguard, my voice is my password") that it would work as a substitute. So I did, and it did.
by CenTexan
Wed Sep 13, 2017 8:54 am
Forum: Personal Investments
Topic: Pimco PONDX increasing fee in 3 weeks - stay in?
Replies: 10
Views: 2247

Pimco PONDX increasing fee in 3 weeks - stay in?

Received a doc that my PONDX fund is increasing their fees (for Class D shares) by 0.11% on October 2. (Wow - a 3 week notice - thanks, PIMCO!) That brings the ER to 0.9%. I sure don't pay that much for any of my other funds. Interested to know what others think about this. Here's the full text (sor...
by CenTexan
Sun Jul 23, 2017 10:27 am
Forum: Personal Investments
Topic: help with roth and taxable account
Replies: 35
Views: 3276

Re: help with roth and taxable account

For the record, tax evasion (what sam doesn't know) is not acceptable here. If you need help on filing taxes correctly, we will show you how to do it. Otherwise, this discussion will be closed.
+1
by CenTexan
Mon Jul 17, 2017 4:39 pm
Forum: Personal Investments
Topic: PONDX asset allocation a negative % for cash?
Replies: 8
Views: 1985

PONDX asset allocation a negative % for cash?

Would someone explain to this simpleton why PONDX (Pimco Income Fund Class D) shows the following under Google Finance summary? ASSET ALLOCATION Cash -52.64% <----- Stocks 0.01% Bonds 151.46% Preferred 0.15% Convertible 0.02% Other 0.0% Does this (the -52.64% listed as Cash) mean they borrowed money...
by CenTexan
Mon Jul 10, 2017 7:57 pm
Forum: Personal Investments
Topic: Fidelity, Vanguard or Schwab? I need to choose.
Replies: 62
Views: 21509

Re: Fidelity, Vanguard or Schwab? I need to choose.

I have Schwab and (mostly) Vanguard. I recently rolled an IRA from USAA to Schwab. It went well although I had to re-contact Schwab to tell them what info to send to USAA - ie, Schwab was not pro-active on getting my funds). A couple other things: 1). No one could tell me (or notify me) when my roll...