Search found 227 matches

by Eagle33
Sat Nov 09, 2019 11:20 pm
Forum: Personal Finance (Not Investing)
Topic: Timing on self-employment and income tax
Replies: 12
Views: 440

Re: Timing on self-employment and income tax

SE tax is just part of the taxes you will owe. business taxes

Further clarification of SE taxes

Your business account is not a tax-deferred account.
by Eagle33
Sat Nov 09, 2019 8:18 pm
Forum: Investing - Theory, News & General
Topic: 2019 BOGLEHEADS CONFERENCE REGISTRATION IS CLOSED. WAIT LIST IS AVAILABLE.
Replies: 116
Views: 23526

Re: 2019 BOGLEHEADS CONFERENCE REGISTRATION OPEN ANNOUNCEMENT

Wow. Talk about luck. Just happened to hit the forum and saw this. I'm in! Eagerly awaiting hotel info.... :happy Is there an email list for when 2020 registration goes live? No email notification. One must monitor the site daily at the beginning of the year for the 2020 Boglehead Conference Regist...
by Eagle33
Fri Nov 08, 2019 9:02 pm
Forum: Personal Investments
Topic: Inherited IRA Strategy
Replies: 13
Views: 1095

Re: Inherited IRA Strategy

Does any one know if Qualified Charitable Distributions be made from an inherited IRA? If so and you were charitably inclined, you could make your charitable contributions from the inherited IRA with no tax consequences. Then, the taxable money you normally would allocate to charitable giving can b...
by Eagle33
Fri Nov 08, 2019 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: Basic Medicare Part B 2020 Premium $144.30 ??
Replies: 39
Views: 3012

Re: Basic Medicare Part B 2020 Premium $144.30 ??

The medicare.gov site has $144.60 for 2020 Part B standard premium.
2020 Part B premiums

Part B deductible is $198 in 2020.
by Eagle33
Thu Nov 07, 2019 12:58 am
Forum: Personal Finance (Not Investing)
Topic: Inherited 401k
Replies: 3
Views: 495

Re: Inherited 401k

From the ultimate source - the IRS. Required minimum distributions after the account owner dies These minimum distribution rules apply to: traditional IRAs SEP IRAs SIMPLE IRAs 401(k) plans 403(b) plans 457(b) plans profit sharing plans other defined contribution plans Another source - Investopedia ...
by Eagle33
Thu Oct 31, 2019 8:53 pm
Forum: Personal Investments
Topic: ROTH Conversion question
Replies: 24
Views: 1554

Re: ROTH Conversion question

You may want to try one or both of these tools to help with RMD decisions.

Retiree Portfolio Model

i-orp extended
by Eagle33
Tue Oct 29, 2019 9:42 pm
Forum: Personal Investments
Topic: Solo Roth 401k contributions after 70.5 and RMDs. How does this work?
Replies: 16
Views: 676

Re: Solo Roth 401k contributions after 70.5 and RMDs. How does this work?

Remember, what matters is the 12/31 balance, not when a given tax year's contributions are made. So regardless of what happened in the past, if your Roth 401k balance on 12/31 is zero, no RMD is required? Do I have that right? So if a 75 year old started this up today, made the contribution to a Ro...
by Eagle33
Tue Oct 29, 2019 9:17 pm
Forum: Investing - Theory, News & General
Topic: Christine Benz article on door to door financial people
Replies: 59
Views: 6224

Re: Christine Benz article on door to door financial people

Found this article posted at Kiplinger to expand Ms. Benz concerns to other less honorable activities.

Defrauding the Elderly: Watch for These Danger Signs
by Eagle33
Tue Oct 29, 2019 6:12 pm
Forum: Personal Investments
Topic: What to do with bond ETFs
Replies: 11
Views: 1099

Re: What to do with bond ETFs

You can find answers for most of your questions in the following wiki topics

Individual bonds vs a bond fund

Bond Basics
by Eagle33
Sun Oct 27, 2019 3:09 pm
Forum: Personal Finance (Not Investing)
Topic: Downloading Cost Basis information at VBS
Replies: 12
Views: 738

Re: Downloading Cost Basis information at VBS

I have 5 download options in the selection list after clicking the Download icon link inside my VG account.
2 Quicken download types
2 Microsoft Money down load types
1 "A spreadsheet-compatible CSV file"
by Eagle33
Sat Oct 26, 2019 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: Flagship clients no longer have a personal rep
Replies: 48
Views: 3975

Re: Flagship clients no longer have a personal rep

I don't mind getting the next qualified Flagship rep the next time I may call in thru the Flagship 800#. If the rep is unable to complete my request while on the phone, then I will get rep's contact info (first&last name, phone extension, & email) at VG so I can follow up later with that person dire...
by Eagle33
Fri Oct 25, 2019 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: Getting ready to retire maybe a little earlier than planned
Replies: 7
Views: 1772

Re: Getting ready to retire maybe a little earlier than planned

How do I best navigate healthcare? I qualify for medicare in exactly one year, my wife qualifies in exactly two years. Once I retire, I can get COBRA coverage for approx $1300/month until I qualify for medicare and it'll cover both me and my wife. We are both reasonably healthy and active (well, my...
by Eagle33
Sun Oct 20, 2019 2:40 pm
Forum: Personal Investments
Topic: Daughters $500K of cash
Replies: 13
Views: 2263

Re: Daughters $500K of cash

Read wiki topic Managing a windfall
by Eagle33
Sun Oct 20, 2019 10:19 am
Forum: Personal Investments
Topic: Help a 40 year old teacher find an efficient 3 fund portfolio
Replies: 7
Views: 954

Re: Help a 40 year old teacher find an efficient 3 fund portfolio

One sometimes sees around here a maxim: "Don't let the (tax) tail wag the (asset allocation) dog." First, decide your overall allocation of stocks versus bonds: 80/20 or 60/40 or 40/60 or whatever. Then, put the bonds preferentially in your tax-deferred space. If you don't have enough tax-deferred ...
by Eagle33
Sat Oct 19, 2019 9:01 pm
Forum: Personal Investments
Topic: Rebalance in my 401K first?
Replies: 3
Views: 381

Re: Rebalance in my 401K first?

+1 MotoTrojan
by Eagle33
Sat Oct 19, 2019 8:46 pm
Forum: Personal Investments
Topic: Investment Questions
Replies: 10
Views: 1012

Re: Investment Questions

We drank the 3-fund Index Kool-Aid about 6 months ago and started investing in Vanguard Total Stock Market Index Fund (VTSAX) and Vanguard Total International Stock Index Fund (VTIAX) in our taxable account. We currently have an 80/20 allocation split across our investment portfolio with all bonds ...
by Eagle33
Wed Oct 09, 2019 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Premiums when collecting Social Security benefits
Replies: 7
Views: 1097

Re: Medicare Premiums when collecting Social Security benefits

After a lot of research, I decided to start taking SS when I turned 65 (tomorrow!) So MC-B premiums start at the same time as SS payments. I received a somewhat snippy letter yesterday stating that, since my MC-B payment was “overdue”, my first SS payment next month (in arrears) would be lower by t...
by Eagle33
Wed Oct 09, 2019 9:16 pm
Forum: Personal Investments
Topic: Excellent Adventure in Taxable?
Replies: 27
Views: 3443

Re: Excellent Adventure in Taxable?

Because you will choose what lot(s) to sell during a rebalance you would pick lot(s) that are at least 1 year + 1day past the date of purchase. It is unlikely you will be selling 100% of a fund to rebalance.
by Eagle33
Wed Oct 09, 2019 12:58 am
Forum: Investing - Theory, News & General
Topic: Asset Allocation Driver
Replies: 13
Views: 1402

Re: Asset Allocation Driver

AA should be driven by your risk capacity - number of years before needing the money. Then adjusted slightly for your risk tolerance.
by Eagle33
Tue Oct 08, 2019 11:58 pm
Forum: Personal Finance (Not Investing)
Topic: Rollover IRA opened - when are funds available?
Replies: 4
Views: 452

Re: Rollover IRA opened - when are funds available?

Vanguard rollover was funded from an overnight check from top-3 US Bank and funds are posted into Federal Money Market Fund It shows Funds Available to trade: (the full balance of the check) then it shows Unavailable (the full balance of the check). So, apparently, not available to Buy/Sell/Exchang...
by Eagle33
Sat Oct 05, 2019 1:25 am
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: 803

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

FiveK wrote:
Fri Oct 04, 2019 4:52 pm
hotpocket wrote:
Fri Oct 04, 2019 11:15 am
That way my 8606 will look cleaner.

Thoughts?
A $1 taxable amount looks about as clean as $0. Besides, the tax rate will be less than 50% so the actual tax will likely be $0.
+1 Less than 50 cents in tax on the $1 rounds to $0 tax.
by Eagle33
Sat Oct 05, 2019 12:56 am
Forum: Personal Finance (Not Investing)
Topic: Spouse on SSDI - Spousal VS Survivor Benefit Issue
Replies: 9
Views: 692

Re: Spouse on SSDI - Spousal VS Survivor Benefit Issue

If you are 62.5 now (born 1957), your survivor FRA is 66 and 2 months -- about 44 months away. ObliviousInvestor was the 66 and 2 months a typo and should have been 66 and 6 months for someone born in 1957? Not a typo. Please see the link in the part you quoted. Survivor FRA is not necessarily the ...
by Eagle33
Sat Oct 05, 2019 12:22 am
Forum: Personal Finance (Not Investing)
Topic: Spouse on SSDI - Spousal VS Survivor Benefit Issue
Replies: 9
Views: 692

Re: Spouse on SSDI - Spousal VS Survivor Benefit Issue

ObliviousInvestor wrote:
Fri Oct 04, 2019 11:31 am
If you are 62.5 now (born 1957), your survivor FRA is 66 and 2 months -- about 44 months away.
ObliviousInvestor was the 66 and 2 months a typo and should have been 66 and 6 months for someone born in 1957?
by Eagle33
Fri Oct 04, 2019 12:37 am
Forum: Personal Investments
Topic: Traditional IRA withdrawal restatements - still in effect?
Replies: 2
Views: 223

Re: Traditional IRA withdrawal restatements - still in effect?

I think the OP may be referring to the old recharacterization of a Roth conversion, that is no longer allowed.
by Eagle33
Sat Sep 28, 2019 5:51 pm
Forum: Personal Investments
Topic: 401k Rollover, how badly did I mess this one up?
Replies: 16
Views: 956

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

Say the Serenity Prayer a few times until you understand how it applies to this 401k rollover.

God, grant me the serenity to accept the things I cannot change,
Courage to change the things I can,
And wisdom to know the difference.
by Eagle33
Sun Sep 22, 2019 6:14 pm
Forum: Investing - Theory, News & General
Topic: Interesting article on October volatility
Replies: 7
Views: 936

Re: Interesting article on October volatility

Figures don't lie, but liars figure. :twisted:
by Eagle33
Fri Sep 20, 2019 12:41 am
Forum: Personal Finance (Not Investing)
Topic: 2 weeks notice or No Notice ? save 3.5K or Reputation ?
Replies: 135
Views: 11230

Re: 2 weeks notice or No Notice ? save 3.5K or Reputation ?

How were you able to go on the trip before you got the new job offer? I assume you were taking vacation days? Didn't you already ask for those days off? So close to trip I assume current manager already okayed the time off. Then give your notice before your vacation, count the days of vacation as pa...
by Eagle33
Tue Sep 17, 2019 8:12 pm
Forum: Personal Investments
Topic: Trying to Understand Tax Calculation on Qualified Dividends
Replies: 8
Views: 934

Re: Trying to Understand Tax Calculation on Qualified Dividends

CoastalWinds wrote:
Tue Sep 17, 2019 4:10 pm
trueblueky wrote:
Tue Sep 17, 2019 3:20 pm
https://engaging-data.com/tax-brackets/

This gives a simplified version graphically, not including NII. In each bracket, some goes to taxes and some is kept.
Thanks, that’s a really cool interactive graphic!
+1
by Eagle33
Tue Sep 17, 2019 7:55 pm
Forum: Personal Investments
Topic: Trying to Understand Tax Calculation on Qualified Dividends
Replies: 8
Views: 934

Re: Trying to Understand Tax Calculation on Qualified Dividends

Sounds like you already understand the concept but here https://www.bogleheads.org/forum/viewtopic.php?t=86849 in the post by tfb on 12/11/11 you can see a pictorial method of visualizing this by picturing in a stacked bar chart, the bar of QDIV/LTCG stacked on top of the bar of ordinary income. Th...
by Eagle33
Tue Sep 17, 2019 2:29 am
Forum: Personal Investments
Topic: Trying to Understand Tax Calculation on Qualified Dividends
Replies: 8
Views: 934

Re: Trying to Understand Tax Calculation on Qualified Dividends

Sounds like you already understand the concept but here https://www.bogleheads.org/forum/viewtopic.php?t=86849 in the post by tfb on 12/11/11 you can see a pictorial method of visualizing this by picturing in a stacked bar chart, the bar of QDIV/LTCG stacked on top of the bar of ordinary income. Th...
by Eagle33
Tue Sep 17, 2019 2:24 am
Forum: Personal Investments
Topic: 401-K versus Social Security
Replies: 26
Views: 2161

Re: 401-K versus Social Security

Does wife pay currently for her own medical insurance since she is below Medicare age?
by Eagle33
Sat Sep 14, 2019 11:40 pm
Forum: Personal Finance (Not Investing)
Topic: social security benefit - confused about choosing start date
Replies: 35
Views: 3245

Re: social security benefit - confused about choosing start date

The credits aren’t built into benefits until the January after the credits are earned, if you claim before age 70.

https://www.ssa.gov/OP_Home/cfr20/404/404-0313.htm
by Eagle33
Sat Sep 14, 2019 11:24 pm
Forum: Personal Investments
Topic: Can’t pull the trigger
Replies: 15
Views: 2793

Re: Can’t pull the trigger

There is no perfect decision as there is no perfect AA or perfect portfolio investment. You only know the results after the fact.
by Eagle33
Tue Sep 10, 2019 9:57 pm
Forum: Personal Finance (Not Investing)
Topic: health insurance back dated?
Replies: 6
Views: 498

Re: health insurance back dated?

Even if the penalty still existed in 2019, one can get up to a 3 month exception for no insurance.
by Eagle33
Tue Sep 10, 2019 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: In retirement, a $100 monthly expense needs $30,000 in your portfolio
Replies: 68
Views: 7249

Re: In retirement, a $100 monthly expense needs $30,000 in your portfolio

I may be looking at it too simply, but the one potential expense which appalls / amazes me is the fee asset management companies charge. A typical fee is 1% of invested assets. Well, if you're supposed to be living on 4% of your assets each year in retirements, you will be paying 25% of your asset ...
by Eagle33
Sat Sep 07, 2019 2:46 pm
Forum: Investing - Theory, News & General
Topic: Boglehead Financial Literacy Certification?
Replies: 18
Views: 2337

Re: Boglehead Financial Literacy Certification?

Years ago, Morningstar had a series of "classes" on investing, laid out like a college curriculum, if I remember correctly. I believe I even printed them out to read at my leisure. I found that series very helpful. Perhaps something along those lines would be good. By chance is this the series of c...
by Eagle33
Thu Sep 05, 2019 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: Timing Retirement to Minimize Taxes
Replies: 14
Views: 1689

Re: Timing Retirement to Minimize Taxes

Long time forum member Mike Piper has a great book, Taxes Made Simple , that explains the basics of how taxes work in a very reader-friendly manner. Mike is a CPA with a gift for explaining complex issues simply. The book is short and a very good investment of a modest amount of time and money if y...
by Eagle33
Thu Sep 05, 2019 7:10 pm
Forum: Personal Investments
Topic: 401K in-plan roth conversion mistake
Replies: 14
Views: 1312

Re: 401K in-plan roth conversion mistake

I assume that for this instance IRR = In-plan Roth Rollover, not Internal Rate of Return.

IRR not in Boglehead wiki acronym list.
by Eagle33
Wed Sep 04, 2019 3:47 pm
Forum: Personal Investments
Topic: First question: "short term reserves" in my mix
Replies: 9
Views: 881

Re: First question: "short term reserves" in my mix

Welcome to the world of taking responsibility for your finances.

Bonds should be in your IRA, not in your taxable brokerage account. See wiki Tax-efficient_fund_placement for reasoning.
by Eagle33
Wed Sep 04, 2019 3:29 pm
Forum: Personal Investments
Topic: Ready to reallocate. But how?
Replies: 1
Views: 310

Re: Ready to reallocate. But how?

re 2: Spread out the selling in taxable accounts over multiple years to stay in the 0% capital gain tax bracket. Can make all changes in tax-advantaged accounts without any taxable event. re 3: Begin by working backwards from the desired AA (85/15). The largest desired allocation is equities. Then u...
by Eagle33
Tue Sep 03, 2019 8:05 pm
Forum: Personal Investments
Topic: Self insured Long Term Care Fund
Replies: 36
Views: 2693

Re: Self insured Long Term Care Fund

I agree that self funding LTC $ is part of one's portfolio. Does it have any impact to your AA?
by Eagle33
Sat Aug 31, 2019 9:44 pm
Forum: Personal Investments
Topic: Inherited IRA investments
Replies: 13
Views: 1625

Re: Inherited IRA investments

Take a look at AA of the VG Target Retirement 2020 & Target Retirement 2015 funds. Adjust the inherited IRA AA for your risk tolerance taking it into account with your total portfolio AA risk tolerance.
by Eagle33
Thu Aug 29, 2019 1:03 am
Forum: Personal Investments
Topic: Spouse has big IRA can the other do a Roth backdoor?
Replies: 2
Views: 491

Re: Spouse has big IRA can the other do a Roth backdoor?

Yes, the spouse without a traditional IRA can do back door Roth. IRA is short for INDIVIDUAL Retirement Account.
by Eagle33
Thu Aug 29, 2019 12:52 am
Forum: Personal Finance (Not Investing)
Topic: Medigap - choose cheapest of desired plan type?
Replies: 10
Views: 861

Re: Medigap - choose cheapest of desired plan type?

I found this AARP article informative and laid out a clear Medigap policy buying process.
5 Steps to Buying a Medigap Policy
by Eagle33
Wed Aug 28, 2019 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: How are we doing with one income in household?
Replies: 3
Views: 900

Re: How are we doing with one income in household?

Your savings rate is just over 26%. (19k+15k+6k+6k)/(170k+6k)
You are doing well saving for retirement. When kids are gone you can ramp up the rate even higher. In the mean time increase savings rate with each income increase.
by Eagle33
Tue Aug 27, 2019 8:33 pm
Forum: Personal Investments
Topic: Slowly figuring this out—best three funds for high tax bracket
Replies: 6
Views: 1077

Re: Slowly figuring this out—best three funds for high tax bracket

You may want to read this wiki topic for better understanding of a single AA for your total portfolio that may span multiple accounts.

Asset Allocation in Multiple Accounts