Search found 24 matches

by Charlie Foxtrot
Thu Nov 01, 2018 11:29 pm
Forum: Personal Investments
Topic: Panic set in... now what?
Replies: 63
Views: 11487

Re: Panic set in... now what?

MisterMister, If you have been stressing over the relatively minor market gyrations of the last week, it is clear that you are seriously risk-averse, especially now that you are newly retired and may not have a steady income stream. It is also clear that to have accumulated $1.6M you have done a pre...
by Charlie Foxtrot
Thu Nov 01, 2018 10:27 am
Forum: Personal Investments
Topic: How do I file a Form 2210 for a Roth Conversion?
Replies: 12
Views: 930

Re: How do I file a Form 2210 for a Roth Conversion?

If you want to adjust withholding, the form will be the W-4 Form, not the W-2 Form. You probably just had a typo in your message. If your spouse works for a company with a fairly modern payroll system, she may just be able to login and change her W-4 allowances and add additional tax to be paid ver...
by Charlie Foxtrot
Wed Oct 31, 2018 9:46 am
Forum: Personal Investments
Topic: How do I file a Form 2210 for a Roth Conversion?
Replies: 12
Views: 930

Re: How do I file a Form 2210 for a Roth Conversion?

Sorry if I missed detail provided above but if you want to avoid penalty you can simply calculate the additional taxes due and have them withheld from payroll over the next 2 months. Making an estimated payment causes you to prove you did it in a timely fashion. Withholding from payroll doesn’t hav...
by Charlie Foxtrot
Tue Oct 30, 2018 2:04 pm
Forum: Personal Investments
Topic: How do I file a Form 2210 for a Roth Conversion?
Replies: 12
Views: 930

Re: How do I file a Form 2210 for a Roth Conversion?

I seem to recall reading somewhere that TurboTax will do the F2210 for me. It will, but ~half the battle is determining the income and tax numbers for each "quarter" that TT needs to fill 2210. It was a bit of a pain the first year we had to do this. Creating an Excel spreadsheet that took a Quicke...
by Charlie Foxtrot
Tue Oct 30, 2018 1:32 pm
Forum: Personal Investments
Topic: How do I file a Form 2210 for a Roth Conversion?
Replies: 12
Views: 930

Re: How do I file a Form 2210 for a Roth Conversion?

F2210 is submitted w/ your tax return next yr. Your taxes paid are supposed to match your income timing-wise so you should submit your est. tax by Jan 15. If you have withheld enough, and your est. taxes are enough to cover the conversion, and you submit F2210, you should not have a problem. Once y...
by Charlie Foxtrot
Tue Oct 30, 2018 11:05 am
Forum: Personal Investments
Topic: How do I file a Form 2210 for a Roth Conversion?
Replies: 12
Views: 930

Re: How do I file a Form 2110 for a Roth Conversion?

Oops... yes. Form 2210. :oops: I'll see if I can edit the original post.
by Charlie Foxtrot
Tue Oct 30, 2018 10:48 am
Forum: Personal Investments
Topic: How do I file a Form 2210 for a Roth Conversion?
Replies: 12
Views: 930

How do I file a Form 2210 for a Roth Conversion?

I have most of my money in a Roth IRA already, but in the process of doing some long-term tax planning, I came to the conclusion that it would be in my best interest to also convert my remaining tIRA to a Roth over the next several years. Since I recently turned 59 1/2, and the window of opportunity...
by Charlie Foxtrot
Tue Oct 23, 2018 5:02 pm
Forum: Personal Investments
Topic: Need advice on managing my mother's investments
Replies: 11
Views: 1245

Re: Need advice on managing my mother's investments

After talking it over with a Vanguard rep this morning, he said it would probably be cheaper and much faster to have Wells Fargo liquidate each account to cash rather than do a transfer in kind. Wells Fargo had her invested in 22 different mutual funds for her IRA, and 20 different mutual funds for ...
by Charlie Foxtrot
Tue Oct 23, 2018 3:37 pm
Forum: Personal Investments
Topic: Advice on Transferring Assets to Vanguard
Replies: 6
Views: 599

Re: Advice on Transferring Assets to Vanguard

For what it's worth, I just started this process this morning to transfer my mother's investments ($200K IRA, $50K taxable account) from Wells Fargo to Vanguard. After talking it over with a Vanguard rep, he said it would probably be cheaper and much faster to have Wells Fargo liquidate each account...
by Charlie Foxtrot
Mon Oct 22, 2018 4:09 pm
Forum: Personal Investments
Topic: Need advice on managing my mother's investments
Replies: 11
Views: 1245

Re: Need advice on managing my mother's investments

Thanks for the responses. I think I might go with the Vanguard Balanced Index Fund (VBIAX) for both her IRA and her taxable account instead of the three-fund portfolio since it would be very easy for her to understand, it has the 60/40 split that I'm looking for, and it only has a .07% expense ratio...
by Charlie Foxtrot
Sun Oct 21, 2018 6:59 pm
Forum: Personal Investments
Topic: Need advice on managing my mother's investments
Replies: 11
Views: 1245

Need advice on managing my mother's investments

My 80-year old mother has asked me to take over her investment portfolio, which is currently being managed by a Wells Fargo adviser. Her current Wells Fargo IRA portfolio is spread out over about 20 mutual funds, with an average expense ratio of about 1.1%, and with another 1% of assets going to her...
by Charlie Foxtrot
Sun Sep 30, 2018 12:31 pm
Forum: US Chapters
Topic: Roll Call for the Retirement Class of 2017!
Replies: 325
Views: 68882

Re: Roll Call for the Retirement Class of 2017!

I am planning to do about 300 miles (30 days) of the Appalachian Trail in New Hampshire and Maine starting in late July... we will see how well that works out. "Man plans, God laughs"! How did your plan work out? :D Not too well! I did an AT thru-hike in 2002 after I retired from the Army at age 43...
by Charlie Foxtrot
Tue Sep 11, 2018 5:01 pm
Forum: Personal Investments
Topic: Roth conversions when we will be in 22% bracket for indefinite future
Replies: 16
Views: 2082

Re: Roth conversions when we will be in 22% bracket for indefinite future

Hi cadreamer20, We have the same question... we're in the 22% bracket now, we may jump up to the 24% tax bracket in the next few years, and at a minimum will be in the 22% tax bracket when both of us retire, if not the 24% tax bracket (assuming tax brackets remain the same, adjusted for inflation). ...
by Charlie Foxtrot
Fri Aug 10, 2018 11:45 am
Forum: Personal Investments
Topic: Old dog needs to learn to manage his investments
Replies: 60
Views: 6265

Re: Old dog needs to learn to manage his investments

You want to contact Vanguard to start the transfer--you want a custodian to custodian direct transfer (technically not a rollover). Vanguard will give you the paperwork and initiate the transfer. Don't transfer more than one account at a time. Paul Benchie, this point that Paul made is critical - e...
by Charlie Foxtrot
Wed Jul 18, 2018 9:24 am
Forum: Personal Investments
Topic: How do you handle the urge to DO something?
Replies: 102
Views: 8212

Re: How do you handle the urge to DO something?

3) I have a strict rule: I never do anything in a hurry, meaning in less than a month. ("What, nevah ?" "No, nevah. " "What, nevah? " "Well, hardly evah.") Yes, that's right: I decide what I want to do, I make a mental note of it (should be an actual written note of course, but truthfully it's ment...
by Charlie Foxtrot
Sun Jun 24, 2018 5:46 pm
Forum: US Chapters
Topic: Roll Call for the Retirement Class of 2017!
Replies: 325
Views: 68882

Re: Roll Call for the Retirement Class of 2017!

Welcome to the Awesome Retirement Class of 2017! It's been almost a year now - have you figured out what to do in retirement? Figuring out what to do in retirement is an ongoing, evolving process. I exercise a lot, I read a lot, and I am certainly happy to be done with the rat race, but I don't fee...
by Charlie Foxtrot
Sun Jun 24, 2018 11:41 am
Forum: US Chapters
Topic: Roll Call for the Retirement Class of 2017!
Replies: 325
Views: 68882

Re: Roll Call for the Retirement Class of 2017!

I was just browsing around Bogleheads and discovered this roll call page - you can add me to the list. Retired at age 58 on September 1, 2017. I haven't been an official member for very long although I have been following the investment principles of index investing for the past 25 years. If I could...
by Charlie Foxtrot
Tue Jun 19, 2018 10:10 am
Forum: Personal Investments
Topic: Value of a Military Retirement
Replies: 30
Views: 4474

Re: Value of a Military Retirement

Hi KYDoc, I retired from the Army in 2002 at the age of 43 under the old pension system (50% at 20 years active duty), so I'm not really familiar with the new pension plans. However, having that pension has been a tremendous help over the years, a steady stream of guaranteed income no matter what my...
by Charlie Foxtrot
Tue Jun 12, 2018 10:25 am
Forum: Personal Consumer Issues
Topic: Can anyone help me with a 1960's music trivia question
Replies: 5
Views: 927

Re: Can anyone help me with a 1960's music trivia question

No idea. Is it possible this was just a local hit, and nobody else in the country ever heard it? I guess it's possible, but unlikely. I grew up listening to KLEO, a top-40 station in Wichita, and from what I know of the music industry, the "local" hits were usually promoted to smaller radio station...
by Charlie Foxtrot
Tue Jun 12, 2018 9:27 am
Forum: Personal Consumer Issues
Topic: Can anyone help me with a 1960's music trivia question
Replies: 5
Views: 927

Can anyone help me with a 1960's music trivia question

After a couple hours of searching, Google has failed me. Then it occurred to me that someone on this forum might know the answer. I am trying to remember the name of a funny song that I'm pretty sure was from the late 60's, although it could be early 70's - a relatively minor hit that got a little a...
by Charlie Foxtrot
Tue Mar 27, 2018 10:52 am
Forum: Personal Investments
Topic: Newbie Asking for Portfolio Advice
Replies: 7
Views: 597

Re: Newbie Asking for Portfolio Advice

dbr wrote:
Tue Mar 27, 2018 9:00 am
To estimate your tax bill you have to know the capital gains you will incur and then run a dummy tax return to compute the tax you would pay.
Thanks dbr. I know you're right, but ugh! Go for a nice long walk or run a dummy tax return... hmmm... I'll think about it while I'm walking!
by Charlie Foxtrot
Tue Mar 27, 2018 10:49 am
Forum: Personal Investments
Topic: Newbie Asking for Portfolio Advice
Replies: 7
Views: 597

Re: Newbie Asking for Portfolio Advice

Welcome to bogleheads! For what it's worth, I think your 80/20 asset allocation is perfectly fine given that your pensions nearly cover your expenses. 20% of equities in international is perfectly reasonable; most of our domestic large caps are multinationals w/ substantial overseas exposures. Are ...
by Charlie Foxtrot
Tue Mar 27, 2018 10:23 am
Forum: Personal Investments
Topic: Newbie Asking for Portfolio Advice
Replies: 7
Views: 597

Re: Newbie Asking for Portfolio Advice

1 - Not in anything except the taxable account. I'm sure you realize that you will hit long term capital gains tax there. I would follow your ISP and your plan for changing asset allocation. Now is fine - I would just make an ISP with what you plan your asset allocation to be now and going forward....
by Charlie Foxtrot
Mon Mar 26, 2018 1:38 pm
Forum: Personal Investments
Topic: Newbie Asking for Portfolio Advice
Replies: 7
Views: 597

Newbie Asking for Portfolio Advice

Hello my new-found friends! What an incredible resource this website has become for me since I stumbled on it about a month ago! I thought I was a fairly astute investor, only to realize that I am a mere infant compared to the knowledge that many of you have. I have been investing in Vanguard index ...