I believe the amount you are required to remove goes down proportionately. Your brokerage will tell you the amount (unless you transferred it in from somewhere else in the interim like I did).
Unfortunately, no capital losses on this, but I am not a tax expert.
Call your brokerage. If it is Fidelity it should be easy... they see it all the time.
Search found 3462 matches
- Wed Mar 20, 2024 7:42 pm
- Forum: Investing - Theory, News & General
- Topic: What happens if you overcontribute to an IRA and then the market tanks?
- Replies: 11
- Views: 1150
- Sat Mar 09, 2024 4:03 pm
- Forum: Personal Finance (Not Investing)
- Topic: Is HCOLA better than LCOL??
- Replies: 62
- Views: 3454
Re: Is HCOLA better than LCOL??
Keep in mind cost of living is not static over the length of a lifetime. Even trends that have been developing over decades can reverse.
That cost of living map above was very interesting. I wondered what it looked like in 1960 or what it will look like in 2060.
Seattle in 1972, Atlanta in 1972, Detroit in 1972 are not the same now.
edit - sorry for the duplicates above. I normally don't post from my tiny phone.
That cost of living map above was very interesting. I wondered what it looked like in 1960 or what it will look like in 2060.
Seattle in 1972, Atlanta in 1972, Detroit in 1972 are not the same now.
edit - sorry for the duplicates above. I normally don't post from my tiny phone.
- Sat Mar 09, 2024 4:02 pm
- Forum: Personal Finance (Not Investing)
- Topic: Is HCOLA better than LCOL??
- Replies: 62
- Views: 3454
Re: Is HCOLA better than LCOL??
Duplicate
- Sat Mar 09, 2024 4:02 pm
- Forum: Personal Finance (Not Investing)
- Topic: Is HCOLA better than LCOL??
- Replies: 62
- Views: 3454
Re: Is HCOLA better than LCOL??
Duplicate
- Sat Mar 09, 2024 4:01 pm
- Forum: Personal Finance (Not Investing)
- Topic: Is HCOLA better than LCOL??
- Replies: 62
- Views: 3454
Re: Is HCOLA better than LCOL??
Duplicate
- Sat Mar 09, 2024 4:00 pm
- Forum: Personal Finance (Not Investing)
- Topic: Is HCOLA better than LCOL??
- Replies: 62
- Views: 3454
Re: Is HCOLA better than LCOL??
duplicate
- Sat Mar 09, 2024 8:53 am
- Forum: Personal Finance (Not Investing)
- Topic: What would you have done differently if you could go back and restart your financial journey?
- Replies: 68
- Views: 5922
Re: What would you have done differently if you could go back and restart your financial journey?
More Roth, less tax deferred.
- Wed Mar 06, 2024 3:50 pm
- Forum: Personal Investments
- Topic: Why do TIAA CREF index funds have such high fees?
- Replies: 27
- Views: 5252
Re: Why do TIAA CREF index funds have such high fees?
Why do TIAA CREF index funds have such high fees? Because employers sign contracts that employees cannot roll funds out. So I am stuck there for 30+ years. They could make the ER =10% and I cannot roll over to Vanguard or my current 401K. I am forced to be there even though I left that job 20 years ago. :thumbsdown Your 401k is stuck there? Or are there certain accounts/investments that you couldn't directly roll over and would have to sell? TIAA Trad I know isn't "mutual fund" liquid. I'm fairly certain my 401k there is fully portable but a few of my investment choices may not be - Trad and Real Estate perhaps. I left it there since the target date I had most of my money in was pretty cheap. About 5 years ago my employer finally...
- Sun Feb 04, 2024 12:22 pm
- Forum: Personal Consumer Issues
- Topic: How do people know where I am from?
- Replies: 5
- Views: 1005
Re: How do people know where I am from?
I read AI is getting to be very good at this soon. It finds little clues most people wouldn't notice or tie together.
- Sat Feb 03, 2024 7:11 pm
- Forum: Personal Consumer Issues
- Topic: [What TV Show Have You Recently Watched?]
- Replies: 5993
- Views: 699654
Re: [What TV Show Have You Recently Watched?]
We enjoyed Happy Valley but it probably should have been called Despair Valley. It is probably the most unhappy bunch of people on any TV show! I wondered about the title as well because they are indeed a pretty glum bunch, then saw it on iMDB: " The name "Happy Valley" is what local police in the Calder Valley call the area because of its drug problems. " Bummer! My wife and I sat down to continue binge watching Season 2, and the show if gone from Kanopy. I didn't see any notice it was leaving, like how Netflix does. The good news is the library has DVD copies available, so we should be up and running in a few days. BTW - we don't have Netflix anymore, but I did notice the only offer it with full price (not ad) subscri...
- Sat Feb 03, 2024 11:25 am
- Forum: Personal Finance (Not Investing)
- Topic: How do you budget?
- Replies: 59
- Views: 5891
- Sat Feb 03, 2024 11:18 am
- Forum: Personal Consumer Issues
- Topic: [What TV Show Have You Recently Watched?]
- Replies: 5993
- Views: 699654
Re: [What TV Show Have You Recently Watched?]
I will look into it, thanks!rockstar wrote: ↑Sun Jan 28, 2024 12:19 pmIf you like the Saint, then let me recommend the old show: The Sandbaggers. It's really good. You can find it on YouTube.Boglenaut wrote: ↑Sun Jan 28, 2024 8:40 am We are also watching "The Saint" (1962) on Kanopy. I had heard of the show, but never saw it before. We watch an episode every few days. It is not bingeable, but makes for a nice filler when we don't have anything else to watch. We like to make fun of all the highly improbable coincidences required to make some of the story lines work.
https://en.wikipedia.org/wiki/The_Sandbaggers
- Sat Feb 03, 2024 11:17 am
- Forum: Personal Consumer Issues
- Topic: [What TV Show Have You Recently Watched?]
- Replies: 5993
- Views: 699654
Re: [What TV Show Have You Recently Watched?]
I wondered about the title as well because they are indeed a pretty glum bunch, then saw it on iMDB:
"The name "Happy Valley" is what local police in the Calder Valley call the area because of its drug problems."
- Sun Jan 28, 2024 8:40 am
- Forum: Personal Consumer Issues
- Topic: [What TV Show Have You Recently Watched?]
- Replies: 5993
- Views: 699654
Re: [What TV Show Have You Recently Watched?]
We are also watching "The Saint" (1962) on Kanopy. I had heard of the show, but never saw it before. We watch an episode every few days. It is not bingeable, but makes for a nice filler when we don't have anything else to watch. We like to make fun of all the highly improbable coincidences required to make some of the story lines work.
- Sun Jan 28, 2024 8:32 am
- Forum: Personal Consumer Issues
- Topic: [What TV Show Have You Recently Watched?]
- Replies: 5993
- Views: 699654
Re: [What TV Show Have You Recently Watched?]
My wife and I just finished Season 1 Episode 2 of "Happy Valley" on Kanopy. Think the movie Fargo, except in the UK. Similarities: -Strong female police officer, a bit older, who is competent and very serious about her job. -Bumbling "mastermind" recruits kidnappers to kidnap innocent victim, daughter of wealthy businessman well known to our mastermind. -Kidnappers are more vicious than our mastermind anticipated -Things are not going as planned -Everyone speaks with strong local accent. Location is big part of the story and mood. The show has an 8.5 IMDb rating, which is very high. We have to rewind occasionally because of the strong accents, but overall it is pretty good so far. I will be careful not to give any spoile...
- Tue Jan 23, 2024 12:59 pm
- Forum: US Chapters
- Topic: 🎁 🎉Happy 100th Birthday to Taylor Larimore 🎊🎂
- Replies: 429
- Views: 43342
Re: 🎁 🎉Happy 100th Birthday to Taylor Larimore 🎊🎂
Taylor,
That is one great way to show off the time value of of growth over time!
That is one great way to show off the time value of of growth over time!
- Tue Jan 23, 2024 12:53 pm
- Forum: Personal Finance (Not Investing)
- Topic: I don’t think I’m going to worry about RMDs. Terrible decision?
- Replies: 39
- Views: 4223
Re: I don’t think I’m going to worry about RMDs. Terrible decision?
Is my thinking flawed? If you put money into a tax-deferred account,one way or another it will eventually come out. What is your exit strategy? It sounds like you have thought about some of these as options. https://www.bogleheads.org/forum/viewtopic.php?t=417041 Here are some possibilities I identified in the thread liked above. Some folks responded listed a few I missed. 1. Required Minimum Distributions (RMD) 2. Income to spend after age 59.5 3. Income to spend using Rule of 55 4. Conversions to Roth 5. Leave for loved ones, let them pay the tax. 6. Charity (escapes the tax man) 7. SEPP/72t 8. Prevent or restrain growth through very conservative investment so less to take out. 9. Simply don't put any into tax deferred accounts 10. Withd...
- Fri Jan 19, 2024 7:42 pm
- Forum: Personal Consumer Issues
- Topic: What Movie Have You Recently Watched?
- Replies: 11151
- Views: 2085790
- Fri Jan 19, 2024 7:36 pm
- Forum: Personal Consumer Issues
- Topic: What Movie Have You Recently Watched?
- Replies: 11151
- Views: 2085790
Re: What Movie Have You Recently Watched?
I like this movie and have it on DVD. It is worth watching just so you get all the references and memes made about it!KBR wrote: ↑Thu Jan 11, 2024 8:11 pmOne of the best movies ever.Random Poster wrote: ↑Thu Jan 11, 2024 7:22 pm The Princess Bride.
My wife had never seen it, but saw a DVD of it at the library and so she checked it out.
The movie is a lot shorter than I remember it being.
(I still cannot believe Iñigo Montoya, Saul Berenson, and Huxley are all played by the same actor: Mandy Patinkin in Princess Bride, Homeland, and Elmo in Grouchland, respectively.)
- Fri Jan 19, 2024 7:22 pm
- Forum: Personal Consumer Issues
- Topic: What Movie Have You Recently Watched?
- Replies: 11151
- Views: 2085790
Re: What Movie Have You Recently Watched?
+1ruralavalon wrote: ↑Wed Jan 17, 2024 7:11 pm Stardust, on Amazon Prime.
This is a 2007 humorous fantasy, in which a young man goes on a quest to capture a star to impress a beautiful but self-absorbed young woman. The star fallen to earth is played by Claire Danes, the young man on a quest is Charlie Cox, the villain seeking the star for her own evil ends is played by Michelle Pfeiffer. Also featured are Robert DeNiro, Ricky Gervais and Peter O'Toole.The movie ends with "happily ever after".
Recommended.
I re-watch this movie about every 5 years or so.
- Fri Jan 19, 2024 7:15 pm
- Forum: Personal Consumer Issues
- Topic: What Movie Have You Recently Watched?
- Replies: 11151
- Views: 2085790
Re: What Movie Have You Recently Watched?
"Beau is Afraid" on Kanopy.
IMDb gives it a 6.7, which I think is just about right. If it had a different ending I would have given it an 8.0. No spoilers, so I will say no more. It was a very weird movie, but in a good way.
https://www.imdb.com/title/tt13521006/? ... 0is%2520af
IMDb gives it a 6.7, which I think is just about right. If it had a different ending I would have given it an 8.0. No spoilers, so I will say no more. It was a very weird movie, but in a good way.
https://www.imdb.com/title/tt13521006/? ... 0is%2520af
- Fri Jan 12, 2024 8:36 pm
- Forum: Personal Consumer Issues
- Topic: Tropical Fish
- Replies: 22
- Views: 2948
Re: Tropical Fish
I was thinking if I move into my rental property if my tenant doesn't accept my new offer (I'll know by 1/22) that I might get a fish tank. Was thinking of something not too big, perhaps a 20 gallon or 29 gallon. I found a single bristlenose pleco in a tank very effective at keeping the tank clean. Bristlenose don't get too big for a 20 or 30 gallon tank. I had my 20 gallon tank overflow (still not sure why) and had to move the two plecos in together in my 30 gallon tank. Soon, I had 42 fry and about 120 more eggs I had to throw away. It was really cool watching the dad fan water over the eggs and protect the babies. I did the hobby for about 10 years. I would say it was worth it, but finally changing the water got old so I gave it up. But...
- Tue Jan 09, 2024 4:39 am
- Forum: Personal Consumer Issues
- Topic: If you are able to accomplish these, please tell me how
- Replies: 112
- Views: 26373
Re: If you are able to accomplish these, please tell me how
In some cultures, Grandparents.kurious wrote: ↑Mon Jan 08, 2024 4:01 am Hello Bogleheads,
I need your help. As someone who grew up in a society where house help is the norm and now a parent to a 1-year old, I struggle with discipline, energy, and motivation to accomplish what I want to in a day consistently. If you accomplish the following consistently:
1. You and your spouse work 50 hours each every week
2. Both of you are able to get 90 minutes at the gym/other physical activity every day (including commute)
3. 10-20 hours of study and reflection every week
while also bringing up your child well, please share some insights/tips on how you get it done.
Thank you,
kurious
For us, my wife was stay at home Mom when kids were little so we violated #1.
- Tue Jan 09, 2024 4:08 am
- Forum: Investing - Theory, News & General
- Topic: Why is the Fidelity Zero Extended Index Fund so different?
- Replies: 17
- Views: 4924
Re: Why is the Fidelity Zero Extended Index Fund so different?
Thoughts? I actually really like this fund, if held in a qualified account. I always thought it best to compare FZIPX to VSMAX (Vanguard Small Cap) or similar, and not just look at the fund names. This fund gets a lot of hate because people only look at the name and then get mad because it doesn't act like an S&P completion index. https://www.portfoliovisualizer.com/backtest-portfolio?s=y&sl=2iHqrV9EzluCs2KBQmN4Fg https://advisors.vanguard.com/investments/portfolio-construction-tools/compare-products/findsimilar?secid=F000010QVB https://advisors.vanguard.com/investments/portfolio-construction-tools/compare-products/result?selection=FZIPX,VSMAX The zero extended fund is a joke. I find it a great way to do my small/mid tilt at Fideli...
- Sun Jan 07, 2024 5:10 pm
- Forum: Personal Investments
- Topic: Everything to Fidelity
- Replies: 112
- Views: 14962
Re: Everything to Fidelity
We moved most accounts to Fidelity and are glad we did. We got a $1000 bonus, but would have moved them anyway. I am very happy with Fidelity.Charles Joseph wrote: ↑Mon Sep 11, 2023 6:21 pm
Has anyone had a negative (or positive) experience doing this or does anyone recommend against it?
We did not move our taxable account yet... we have quite a few non-covered shares and I am afraid if something goes wrong with the cost basis...
My wife has a 401K from a previous employer we will move someday, but don't want to close the option of a backdoor Roth for her.
- Sun Jan 07, 2024 5:04 pm
- Forum: Personal Investments
- Topic: Concern about placing international stocks (VTIAX) in taxable
- Replies: 23
- Views: 4273
Re: Concern about placing international stocks (VTIAX) in taxable
I regret putting VXUS/VTIAX in taxable. Once I hit over $600 in dividends and had to do the extra form, I only got $250 of the $770 foreign tax I paid. If I could do it over, I would have put it all in VTI and not worried about the FTC. VXUS is a lot less tax efficient.
- Sat Jan 06, 2024 7:29 pm
- Forum: Personal Investments
- Topic: Extended Market Index Fund?
- Replies: 24
- Views: 6434
Re: Extended Market Index Fund?
Mine is similar. I am currently simplifying and my wife's limited 401k option makes it not as straightforward, but in general:Johm221122 wrote: ↑Sat Jan 06, 2024 6:42 pm I do
Stock allocation
25% extended market index
50% S&P 500
15% Total international stock market index
8% small/mid cap international (international explorer)
For US:
65% Large Cap
35% Mid/Small Cap (FZIPX/VTMSX)
So mid/small has about twice the proportion as in the total market.
I mirror this in my international with using VSS (intl small cap) for the tilt.
- Sat Jan 06, 2024 6:02 pm
- Forum: Personal Investments
- Topic: Extended Market Index Fund?
- Replies: 24
- Views: 6434
Re: Extended Market Index Fund?
The Fidelity Zero Extended Market Index has underperformed the Fidelity Extended Market Index since the former has been available. It seems as though the other Fidelity Zero funds perform similarly as their expense ratio Fidelity counterparts but the FZIPX has not. Terrible fund. I disagree; it is a wonderful fund (as long as held in a qualified account). I believe you made the error of simply looking at the name of the fund and not at what it held, when it held it, and why. Total Market i = Large Cap i + Extended i (held in proportion) At Fidelity: Fidelity Total Market Index Fund (FSKAX) = Fidelity 500 Index Fund (FSAIX) + Fidelity Extended Market Index Fund (FSMAX) Fidelity ZERO Total Market Index (FZROX) = Fidelity ZERO Large Cap Index...
- Tue Jan 02, 2024 9:04 pm
- Forum: Personal Consumer Issues
- Topic: Car accident, getting sued
- Replies: 76
- Views: 13676
Re: Car accident, getting sued
You should not discuss this on social media, including Bogleheads.
- Thu Dec 28, 2023 11:10 am
- Forum: Personal Finance (Not Investing)
- Topic: What's Your Exit Strategy (for tax-deferred retirement accounts)
- Replies: 163
- Views: 22518
Re: What's Your Exit Strategy (for tax-deferred retirement accounts)
I am doing big conversions in 2023, 2024, and 2025. My wife is getting tired on me saying I wished I had realized to do them in 2022 as well.
For 2023, I converted 115K. Between my wife's 401k match and large market gains, the tax deferred accounts are back to where they were at the start of the year despite the conversions. But that is a good problem to have and the subject of a different thread.
viewtopic.php?t=419620
- Thu Dec 28, 2023 11:03 am
- Forum: Personal Consumer Issues
- Topic: Amazon Rate increases - alternatives [Amazon Prime Video]
- Replies: 151
- Views: 24157
Re: Amazon Rate increases - alternatives [Amazon Prime Video]
I have been enjoying Kanopy. It is free from my library, no ads. Hoopla is also free.
viewtopic.php?t=417076
- Wed Dec 27, 2023 10:42 am
- Forum: Personal Finance (Not Investing)
- Topic: What's Your Exit Strategy (for tax-deferred retirement accounts)
- Replies: 163
- Views: 22518
Re: What's Your Exit Strategy (for tax-deferred retirement accounts)
Bogleheads on YouTube put up a good video a few days ago that discusses a lot of these issues:
Bogleheads University 501 2023 - Roth Conversion and Retirement Tax Planning with Wade Pfau
https://www.youtube.com/watch?v=JPn1UmN5FnU
Bogleheads University 501 2023 - Roth Conversion and Retirement Tax Planning with Wade Pfau
https://www.youtube.com/watch?v=JPn1UmN5FnU
- Sun Dec 24, 2023 11:05 am
- Forum: Investing - Theory, News & General
- Topic: What is Your Biggest "Good Problem to Have"? [Financial]
- Replies: 97
- Views: 13992
Re: What is Your Biggest "Good Problem to Have"?
Figuring out when to retire vs. if we can retire. Figuring out how to spend money for our remaining lifetime vs. not having any money/food/shelter/resources. Merry Christmas. We are all so lucky to be here even discussing finances. Most of the world doesn’t have this ‘good problem’. Yes, I was feeling particularly fortunate and optimistic when I made my original post. Everything seems to be going well right now for us.. jobs, health, family, kids' grades, investments, etc. And it is the Holiday season.. I guess if I had posted it after a market decline, the thread would have been "What is Your Biggest Silver Lining?" where we could all talk about how we at least pay less tax now, it's a great time to buy low or convert to Roth, e...
- Sun Dec 24, 2023 10:03 am
- Forum: Investing - Theory, News & General
- Topic: What is Your Biggest "Good Problem to Have"? [Financial]
- Replies: 97
- Views: 13992
What is Your Biggest "Good Problem to Have"? [Financial]
Often, I will read a thread on Bogleheads where the OP or a reply will comment "Well, that is a good problem to have!". What is your biggest "Good Problem to Have"?
For me, it is my tax deferred accounts grew faster than I had anticipated and now I have to plan how to unwind those positions (Roth conversions, etc) while not creating tax or other unintended consequences (IRMAA, RMDs, estate tax issues, etc,). While it is a problem, it is "a good problem to have".
For me, it is my tax deferred accounts grew faster than I had anticipated and now I have to plan how to unwind those positions (Roth conversions, etc) while not creating tax or other unintended consequences (IRMAA, RMDs, estate tax issues, etc,). While it is a problem, it is "a good problem to have".
- Fri Dec 22, 2023 11:25 pm
- Forum: Personal Consumer Issues
- Topic: New to Costco
- Replies: 239
- Views: 60949
Re: New to Costco
I did not read the entire thread, but especially if you buy something large keep in mind the 30 day price guarantee. That means if an item goes on sale within 30 days from when you bought it, they refund the difference (but you have to ask). I got back $300 on a refrigerator and $30 on a TV.
They are also good with returns, even though we rarely return items.
They are also good with returns, even though we rarely return items.
- Fri Dec 15, 2023 9:54 pm
- Forum: Personal Investments
- Topic: Physician on FIRE blog has updated its Social Security calculator for 2024
- Replies: 7
- Views: 2678
Re: Physician on FIRE blog has updated its Social Security calculator for 2024
That is my understanding as well. That is the one of the main things that author updates every year.michaelsieg wrote: ↑Mon Dec 11, 2023 9:46 pmI think you don't need to calculate it - you enter your yearly SS contributions in column C, and the index factor (Column D) is then used to calculate the index wages (column E)Thanks for sharing the link.
I have been playing with the tool. But not sure how to calculate the index factor (3rd column in the spreadsheet).
Any help is appreciated.
- Sat Dec 09, 2023 9:50 am
- Forum: Personal Investments
- Topic: Physician on FIRE blog has updated its Social Security calculator for 2024
- Replies: 7
- Views: 2678
Physician on FIRE blog has updated its Social Security calculator for 2024
I noticed the Physician on FIRE blog has updated his Social Security calculator for 2024.
I find this spreadsheet very useful at both understanding and estimating Social Security benefits.
https://www.physicianonfire.com/ssa2017/
I find this spreadsheet very useful at both understanding and estimating Social Security benefits.
https://www.physicianonfire.com/ssa2017/
- Tue Nov 28, 2023 6:50 pm
- Forum: Personal Finance (Not Investing)
- Topic: What's Your Exit Strategy (for tax-deferred retirement accounts)
- Replies: 163
- Views: 22518
Re: What's Your Exit Strategy (for tax-deferred retirement accounts)
1. Required Minimum Distributions (RMD) 2. Income to spend after age 59.5 3. Income to spend using Rule of 55 4. Conversions to Roth 5. Leave for loved ones, let them pay the tax. 6. Charity (escapes the tax man) 8. Prevent or restrain growth through very conservative investment so less to take out. 9. Simply don't put any into tax deferred accounts 10. Withdraw with penalties while young, cash out any accounts when I change jobs, etc. 11. Withdraw without penalty for specified exceptions while under the age limit 12. That is far off, so I never thought about it. Did I miss any? 1,4, 6 likely for us. But I *am* curious what happened to poor 7? :D Kind of like floor 13 at superstitious hotels? OK, I added a #7 (see edit note on original pos...
- Tue Nov 28, 2023 6:44 pm
- Forum: Personal Finance (Not Investing)
- Topic: What's Your Exit Strategy (for tax-deferred retirement accounts)
- Replies: 163
- Views: 22518
- Mon Nov 27, 2023 1:41 pm
- Forum: Personal Finance (Not Investing)
- Topic: What's Your Exit Strategy (for tax-deferred retirement accounts)
- Replies: 163
- Views: 22518
- Sun Nov 26, 2023 6:23 pm
- Forum: Personal Finance (Not Investing)
- Topic: Owning 2 homes - Is it worth it?
- Replies: 48
- Views: 6885
Re: Owning 2 homes - Is it worth it?
+1TomatoTomahto wrote: ↑Sun Nov 26, 2023 11:06 am We could easily afford a second home but do not, because one house is enough headache as you get older. It might seem easy to, for example, winterize a house when you’re 50 years old, but it’s less fun when you’re 70. Ask me how I know.
I don't like maintaining one home. Now maintain a second out of state.
But some people like doing that sort of thing.
- Sun Nov 26, 2023 6:03 pm
- Forum: Personal Finance (Not Investing)
- Topic: What's Your Exit Strategy (for tax-deferred retirement accounts)
- Replies: 163
- Views: 22518
Re: What's Your Exit Strategy (for tax-deferred retirement accounts)
Great thread. 1, 2, 4—ultimately 5 and 6. I’m wondering about #8. Might this be an example of the tax tail wagging the investment dog? There are other reasons to place more conservative investments in tax-deferred retirement accounts—for example bonds instead of stocks. But intentionally trying to reduce investment returns in order to reduce eventual taxation seems questionable. Perhaps I’m misunderstanding..? Thanks, and good question. Most financial planners I follow say first set allocation , then location . So, if your allocation is 75/25 stock/bonds, and your space is 50/50/0 deferred/Roth/taxable, then you would first place all the stock in Roth, then your tax-deferred would be 50% stock/50% tax deferred. As you convert , you would t...
- Thu Nov 23, 2023 2:21 pm
- Forum: Investing - Theory, News & General
- Topic: What to invest in Roth for 13 year old
- Replies: 78
- Views: 14301
Re: What to invest in Roth for 13 year old
I have been funding my kids' Roth since they got their first W2 income at 15. I settled on this:WhiteMaxima wrote: ↑Thu Nov 23, 2023 11:37 am I am helping my 13 year old invest in her Roth IRA. 60 year investment horizon, what I should invest in? I am thinking 100% equity, growth type, Vanguard index or ETF, DCA every year. VUG?
50% FID Zero Total Market (FZROX)
25% FID Zero Extended (FZIPX)
25% FID Zero International (FZILX)
I don't re-balance. I figure for a 50+ year portfolio, they can be very aggressive. FZIPX behaves remarkably similar to Vanguard Small Cap Index Adm (VSMAX), so basically they have a large mid/small tilt.
I assume your daughter has qualified income?
- Mon Nov 20, 2023 10:15 pm
- Forum: Personal Consumer Issues
- Topic: Anyone Using Kanopy or Hoopla from their Library for Videos?
- Replies: 13
- Views: 1821
Re: Anyone Using Kanopy or Hoopla from their Libary for Videos?
Thanks for these excellent replies. It is good learning more about this topic.
- Mon Nov 20, 2023 9:59 pm
- Forum: Personal Finance (Not Investing)
- Topic: What's Your Exit Strategy (for tax-deferred retirement accounts)
- Replies: 163
- Views: 22518
Re: What's Your Exit Strategy (for tax-deferred retirement accounts)
Here is a partial list of factors I came up with to consider when deciding if money should go into a Roth or Tax-deferred account, or if to do a conversion: Possibility you may go from joint to single filer someday (spouse passes away), and how many years like that How many years Spouse 1 works How many years Spouse 2 works When taking Social Security Will there be years with low income for Roth conversions Will there be years you can spend down the tax deferred efficiently IRMAA impacts for Medicare ACA impacts if early retired Changes in 2026 brackets under current law Changes in 2026 standard deduction under current law Heirs' future bracket Planned charitable giving NIT 3.8% on dividends Impact on Social Security taxation ROTH IRA elig...
- Sun Nov 19, 2023 6:58 pm
- Forum: Personal Consumer Issues
- Topic: Anyone Using Kanopy or Hoopla from their Library for Videos?
- Replies: 13
- Views: 1821
Anyone Using Kanopy or Hoopla from their Library for Videos?
I am finding it harder and harder to get specific Blu-Ray or DVDs from the library, so decided to research more modern options to check out stuff. I found my library supports 2 services: Kanopy and Hoopla. https://www.kanopy.com/ https://www.hoopladigital.com/ Neither have apps supported by my brand of smart TV, but they do have iPhone apps. I would like to watch the shows on my TV, so I finally got around to figuring out how AirPlay works. Kanopy - I downloaded the app and got it working with no problem. This works like a streaming service. You use your library card to log in and get 100 points/month, which is plenty. I was able to get AirPlay working with no issues so can watch shows on my TV from my phone. It doesn't work perfectly, but ...
- Sun Nov 19, 2023 6:27 pm
- Forum: Personal Finance (Not Investing)
- Topic: What's Your Exit Strategy (for tax-deferred retirement accounts)
- Replies: 163
- Views: 22518
Re: What's Your Exit Strategy (for tax-deferred retirement accounts)
Good catch! I didn't think anyone would notice. That is the double-secret option only I have access to.
Seriously, I just did too many edits and messed it up.
- Sun Nov 19, 2023 12:35 pm
- Forum: Personal Finance (Not Investing)
- Topic: What's Your Exit Strategy (for tax-deferred retirement accounts)
- Replies: 163
- Views: 22518
Re: What's Your Exit Strategy (for tax-deferred retirement accounts)
Here is a partial list of factors I came up with to consider when deciding if money should go into a Roth or Tax-deferred account, or if to do a conversion: Possibility you may go from joint to single filer someday (spouse passes away), and how many years like that How many years Spouse 1 works How many years Spouse 2 works When taking Social Security Will there be years with low income for Roth conversions Will there be years you can spend down the tax deferred efficiently IRMAA impacts for Medicare ACA impacts if early retired Changes in 2026 brackets under current law Changes in 2026 standard deduction under current law Heirs' future bracket Planned charitable giving NIT 3.8% on dividends Impact on Social Security taxation ROTH IRA eligi...
- Sun Nov 19, 2023 11:59 am
- Forum: Personal Finance (Not Investing)
- Topic: What's Your Exit Strategy (for tax-deferred retirement accounts)
- Replies: 163
- Views: 22518
Re: What's Your Exit Strategy (for tax-deferred retirement accounts)
We have had dozens of threads on this topic. It really isn't a trap. True. I didn't mean to rehash old topics. My view is it really is very situation-dependent. The more I study this topic, the more I realize rules-of-thumb simply do not work here. When I decided to do some big conversions, I had a list of about 20 different factors I had to consider, and made a year-by-year spreadsheet mapping out my projections. It really is a very complex problem. I guess I should have had Akbar yell out "It may or may not be a trap, depending on your highly individualized list of factors and life circumstance!". But that just didn't seem as humorous. The point of my original post is to make sure folks at least keep in mind how they will event...
- Sun Nov 19, 2023 10:54 am
- Forum: Personal Finance (Not Investing)
- Topic: What's Your Exit Strategy (for tax-deferred retirement accounts)
- Replies: 163
- Views: 22518
Re: What's Your Exit Strategy (for tax-deferred retirement accounts)
Good one!
But maybe he was? See 3:30 in this video:
https://www.youtube.com/watch?v=7oWfo4D6eOU
PS - Luke says the Rebel Alliance matches 10% in their Roths!