Bogleheads.org

Op

I sold 6 shares of AAPL on 3/16/2023 on Vanguard account.

Saturday checked funds were available on withdrawals 3/18/2023.

3/20/2023 cleared settlement account

3/21/2023 appeared in Checking account via ACH.

barrybonds282 wrote: ↑Tue Mar 21, 2023 3:00 pm Vanguard shows the annual returns for up to the last 10 years. Why don't they show performance beyond that other than with the "since inception date"? Surely this is an innocent oversight and not part of a ploy to hide the fact that index funds consistently and substantially outperform actively managed funds beyond the 10 years?

op

If you add up all your contributions and divide the time (years) with balance or compound interest calculator you can figure out your average annual return.

I used SSA income data, along with the 457/IRA contribution rates and came up with 7.5% for the last 34 years.

I had VPMAX from 2013-2021 at my job’s 457 plan since rolling out of the plan, I’m in VOO/VFIAX.

I had no issues with VPMAX

Op

https://www.irs.gov/publications/p17

https://www.irs.gov/pub/irs-pdf/p17.pdf

Here is the bible, use the browser or acrobat reader "find" to search for key words.

Retired August 2021, single with nieces and nephews which I may decide to do more Roth Conversions.

I Roth converted in 2021 & 2022.

I am waiting for another correction to do another one for this year.

All Axios mentioned First Republic was given a lifeline today:

"News of a new $30 billion financial lifeline for First Republic sparked a broad market reversal that bolstered stocks and drove down bond prices, while momentarily allaying simmering investor fears about a banking crisis."

https://www.axios.com/2023/03/16/first- ... ue-markets?

A good podcast from WNYC.org "The Takeaway" with Aaron Klein of the Brooking's institute on what happened to SVB:

https://www.wnycstudios.org/podcasts/ta ... s-collapse

It’s all based on the book lords of easy money. Ugh, makes you want to buy gold and ammo. I don’t think most Americans are fully aware of how crazy the Fed went in buying stuff. https://www.audible.com/pd/1797135546?source_code=ASSORAP0511160006&share_location=library_overflow Check out this saga: https://en.wikipedia.org/wiki/The_Rip_Van_Winkle_Caper spoiler: "Farwell regains consciousness and finds a man standing over him. Farwell feebly offers him his last gold bar in exchange for water and a ride to the nearest town, but dies before the man can respond. The man returns to his futuristic car and tells his wife the man is dead. He remarks about the oddity of Farwell offering him a gold bar as if it were valuable. She reminds him...

hotajax wrote: ↑Tue Mar 14, 2023 9:29 am I'm interested in the big pic. Nobody's perfect, but,,,,, are you a little bit satisfied? Thoroughly disgusted? Mad at yourself for going that route? Thanks.

Why bother? add Edward Jones and Raymond James to list.

Go with the big three, Vanguard, Fidelity or Charles Schwab.

All Frontline has a documentary "the age of easy money" it is expected EST at 9:00PM tonight 3/14/2023 I am sure it will repeat or be available at your local area. https://www.pbs.org/wgbh/frontline/documentary/age-of-easy-money/ "Around the country and across the world, the threat of a recession is looming and economic uncertainty is rising as markets, businesses and individuals adjust to a new reality: the Federal Reserve is raising interest rates and pulling back on its epic monetary experiment that started with the Great Financial Crisis. From the award-winning team behind The Facebook Dilemma and Amazon Empire, the two-hour documentary Age of Easy Money investigates how the Fed’s experiment has changed the American econo...

duplicate

op

Look at KRE ETF which is regional banks stocks 25 holdings are in negative as of Friday 3/15/2023

here is a link to screen capture from y-charts

screen shot of KRE holding, sorry I could'nt get the IMG to work:

https://imgur.com/a/qbEULJQ

This is the 1:28 minute video on retirement planning https://youtu.be/wSmo9QZRpmg

Leesbro63 wrote: ↑Sat Mar 11, 2023 4:38 pm
This doesn’t say anything about penalty for remaining on a small employer group versus no penalty for remaining on a large employer group, which is what ModifiedDuration stated and I’m trying to confirm.

Go up to VIDEO on right 1.57 minutes towards the end.

Leesbro63 wrote: ↑Sat Mar 11, 2023 4:13 pm

ModifiedDuration wrote: ↑Sat Mar 11, 2023 3:44 pm Since you are on a health plan with just one other person (an employer with less than 20 employees), if you do not sign-up for Part B at age 65 you will end up with lifetime penalties when you eventually do sign-up.

You’d have to determine if paying the Part B lifetime penalty is worth it to avoid IRMAA until you hit 68 and retire.

Are you sure this is definitively true? If so, this answers my question. I’ll need to go on Medicare, with Part B, at 65, because the penalty will make my overall cost more expensive over the long run.

Again, is this definitely a fact?

see Medicare gov : https://www.medicare.gov/basics/costs/m ... -penalties click on video

The question is how exposed these smaller regional banks are vs. SVB. Reading up about it, it seems like most did not make the assumptions that SVB did with assuming 10 year treasuries had 0% risk. Yes, banking could see a drawdown for sure due to heightened risk, but I think it's too early to say this will be some systemic crisis. So far it seems isolated to a pretty niche area of the banking sector. Take a look at the Marketwatch article & KRE ETF https://www.marketwatch.com/story/20-banks-that-are-sitting-on-huge-potential-securities-lossesas-was-svb-c4bbcafa https://ycharts.com/companies/KRE/holdings/overview screen shot of KRE holding, sorry I could'nt get the IMG to work: https://imgur.com/a/qbEULJQ This coming Monday is anybody'...

All IBD' on youtube discusses the basics what one would need to prepare to complete your taxes, either TurboTax or with a Tax Preparer, 39 minutes.

"How To File Taxes: Tax Expert Demystifies The Filing Process"

"Have you ever wondered about the difference between a tax credit and a tax deduction? What about how to minimize your tax bill? IBD correspondent Taylor Barrett spoke with tax expert Evan Jehle, Partner and COO at Flynn Family Office, to get the answers you’ve been looking for about how to file taxes properly."

https://www.youtube.com/watch?v=thoagSs-KQA

CPA_RIA wrote: ↑Tue Mar 07, 2023 2:49 pm To answer most of the questions:

I was too proud to come out and ask my real question, which is "am I being crazy/irrational by worrying that we moved into this new house?" It sounds like I am. I must be overreacting to recent life events. I appreciate the responses as it's genuinely giving me some ease.

PITI = $3300/mo

Are you worried about recession/layoff? you said it yourself if she can find a job it will make it easier.

Wife - no income. Expect $55k-$65k range when she finds a job, and she appears to be close.

gavinsiu wrote: ↑Tue Mar 07, 2023 1:03 am She will get really frustrated because it would take her 1 minute to write a check and put it into the envelope while paying online will probably take an hour because she still hasn't figure out that you have click in the field to type in values.

Gavinsiu

My late mother use to insist that write out her rent check, from our joint checking account.

After I write it out, she insisted to review my english spelling of words, I said if you are so concerned about the spelling, why don't you write it out yourself?

Of course, I had direct deposit but she hear no word of it.

best

Godgers10 wrote: ↑Mon Mar 06, 2023 4:17 pm

If you press the withdrawal button within the Vanguard Roth account it will generate a 1099-r.

It is one of the three buttons vertically on the right side.

I agree with others above buying and selling within Roth account there are no capital gains unless you withdraw.

I recommend you review IRS publication 590-b pages 31-36 https://www.irs.gov/pub/irs-pdf/p590b.pdf on withdrawals from Roth account as to how they calculate “qualified”.

Op I’ve been a Vanguard customer since 1995. I would consider Fidelity for fractional shares and better webapp and website. Here is summary why I would consider moving. In 2021 when I retired I concur waited 3 hour to get in touch with “transfer specialist”, she confirmed that I couldn’t mobile deposit 1.6 million even though the FAQ indicated 500k. In any case that was first strike. Once my FBO check was mailed to El Paso and deposited I had to wait additional days for check to clear. There was a freeze on the check until I call Vanguard to have restriction lifted. Once the account was settled it took forever for Vanguard to give me Flagship status. It was resolved a year and three months later only after I informed Vanguard I wanted the a...

2021-22 was my dads final year working. To his surprise he had some lingering W2 pay in 2022. We think it was final sick or vacation payout. Not exactly sure, and don’t think it matters- shows as regular income on the w2. The amount was a bit under 10k. After standard deduction his AGI would be zero. Can he still max his IRA in this situation? He does have some SSDI and pension income. Not huge but does carry his AGI higher, but I was curious of the answer in both situations. Zero pension and a high pension pushing AGI higher. Based on prior threads on this topic, my recollection is that the amount in Box 1 of the W2 is the guiding number. If that box shows "a bit under $10k" then a contribution to an IRA would likely be permissi...

feh wrote: ↑Sun Mar 05, 2023 9:40 am
No, I do not have a CPA. Any idea how much a CPA would charge? Why a CPA and not a CFP?

If you follow or believe in BH Lazy Portfolio (two fund portfolio) then no need for Certified Financial Planner, as well as most responses in this forum no need for CFP.

I use a CPA and he charges $400 per tax year for the last 10 years; I would be lost without one.

op Majority of the responses will be similar to what was discussed previously on your 2022 posting: https://www.bogleheads.org/forum/viewtopic.php?p=6889439#p6889439 If you or your wife would pass, the surviving spouse may be at a higher tax bracket as single filer, IRMMA's schedule for MAGI. Additionally, since SECURE ACT 2.0 passage, you will have 5 years (2028) of conversion up to top of IRMMA's MAGI to Medicare lookback period https://youstaywealthy.com/medicare-irmaa-brackets/#:~:text=Your%202023%20IRMAA%20is%20based,by%20as%20much%20as%20%2476.40, see article link. edit: Additionally seek advice from celia our venerable BH poster on Roth Conversions: https://www.bogleheads.org/forum/viewtopic.php?f=1&t=323551&p=5462812#p5462812

stuper1 wrote: ↑Sat Mar 04, 2023 1:12 pm By the way, my earning history started at age 31, so I will have 32 years of earning history at age 63.

Too far away to make any type of educated guess it may change in 32 years.

YTD 6.18%

AA 95/5

VOO 60.96%
VGT 31.96%
Apple 2.23%
cash 5%

op Here are the rules for spousal IRA: Kay Bailey Hutchison Spousal IRA Limit For 2021, if you file a joint return and your taxable compensation is less than that of your spouse, the most that can be contributed for the year to your IRA is the smaller of the following two amounts. 1. $6,000 ($7,000 if you are age 50 or older). 2. The total compensation includible in the gross income of both you and your spouse for the year, reduced by the following two amounts. a. Your spouse's IRA contribution for the year to a traditional IRA. b. Any contributions for the year to a Roth IRA on behalf of your spouse. This means that the total combined contributions that can be made for the year to your IRA and your spouse's IRA can be as much as $12,000 ($...

ontario102 wrote: ↑Wed Mar 01, 2023 2:37 pm Responding to the inquiries about wife, she is:
-A US citizen
-Will not have SS on her own
-Is being considered in the plan to receive 1/2 of my SS while I'm alive and taking over when I pass.

Planning on her continuing to work through my retirement while in US, and her income will be a mitigating factor reducing further our draw need. It's just somewhat of an unknown how much at this point, so it's not factored into the analysis. It may reduce our draw from the 3% range to even less in the USA years.

https://opensocialsecurity.com/

have you tried this calculator?

2ball wrote: ↑Wed Mar 01, 2023 3:11 pm I can get a ROTH anywhere right? its not like a 457 that has to be sponsored through my agency? I can just go to vanguard and open a roth?

see IRS publication 4484 https://www.irs.gov/pub/irs-pdf/p4484.pdf

see the 10 differences between Roth IRA and Designated Roth Account

https://www.irs.gov/retirement-plans/te ... th-account

ontario102 wrote: ↑Tue Feb 28, 2023 10:46 pm
Here’s my situation: My wife is from a Latin American country, and will likely return there upon my death. We will likely move there after the kids have gone through primary school when I am 70ish. No college plans so far due to costs.

So…
-What have I not considered as I’ve described?

Op

Is your wife a green card holder?

If so she will have exit tax upon your death.

https://www.bogleheads.org/wiki/US_tax_ ... _to_the_US

Op

I know of a person who had his private practice and very well to do, closed his business and worked for state government, his professional license was enough to obtain civil service status.

He is still with the agency, healthcare was worthwhile for him.

Efiled 2/6/2023 got fed refund 2/23/2023, the state came 2/21/2023 before federal.

FishEarly wrote: ↑Tue Feb 28, 2023 1:19 pm They only offer the 457 Plan with two different options; pre-tax account or Roth. I'm pretty sure it's non-governmental. It's a small healthcare provider/hospital in Idaho.

FishEarly

Don't assume, please direct your daughter to ask this at Human Resource or personnel dept.

If it is a medical school, they could offer 403b and 457.

Not for Profits also use 457b as non government.

chinchin wrote: ↑Tue Feb 28, 2023 3:11 pm

retire2022 wrote: ↑Tue Feb 28, 2023 10:36 am All has anyone seen this Vanguard video that their IT department is best thing since slice bread?

https://www.youtube.com/watch?v=3Qu-wbfrJCc

One guy said "software as a service." What does that mean in the context of running the VG website and app?

Don't know, the video comes across as propaganda, and happy talk, contrary to the complaints, perhaps to counter negative news about their website.

whiterabbit66 wrote: ↑Tue Feb 28, 2023 2:30 pm

retire2022 wrote: ↑Tue Feb 28, 2023 10:36 am All has anyone seen this Vanguard video that their IT department is best thing since slice bread?

https://www.youtube.com/watch?v=3Qu-wbfrJCc

Comments turned off I notice.

One could click on "I dislike this", the down finger button, I just did.

Op

Best sell strategy is to move account out of Edward Jones and to custodian of your choosing.

As a longtime Vanguard customer (Flagship) since 1995, I recommend Fidelity or Schwab.

arf1410 wrote: ↑Tue Feb 28, 2023 10:48 am (I meant to post this in personal consumer issues...I might have picked the wrong spot by mistake).

20 year life for a modern window? That seems absurdly low.

I tried to call the county to ask the question, but they are not answering...

You need to ask the local county code enforcement.

Typically architects in your area would follow the latest guidelines and on going training credits national code which maybe less restrictive than local or county code.

All has anyone seen this Vanguard video that their IT department is best thing since slice bread?

https://www.youtube.com/watch?v=3Qu-wbfrJCc

RubyTuesday wrote: ↑Mon Feb 27, 2023 7:09 pm

ernest3 wrote: ↑Mon Feb 27, 2023 5:53 pm Something along the lines of “Please destroy the check so I can have a new one issued to a different custodian.”

Nice.

Good job!!!

Does anyone have a different thought in regards to an advisor in the decumulation phase, whether or not there are any benefits? I am a single 85 year old in the decumulation phase who could benefit in advice on how to manage the maze of steps needed regarding withdrawals such as IRMAA, social security, Roth conversion, estate planning, and similar issues that I am not familiar with. Managing equities and fixed income is easy compared to what I listed. Munir read this thread a fictional character based on majority of BH posters. The author is Edward McQuarrie who did a research study on Roth Conversion during deaccumulation stage, and it address majority of your questions: https://www.bogleheads.org/forum/viewtopic.php?t=394214 McQuarrie st...

investor4life wrote: ↑Sun Feb 26, 2023 9:45 pm
In my case many working days have gone by since the two transactions and still no sign of the confirmations.

Well you can call Vanguard tomorrow since you have no working days

Tell them what I said above.

op

tunafish has similar issue with confirmation see: viewtopic.php?p=7139689

FromAto401k wrote: ↑Sun Feb 26, 2023 8:10 pm
That’s the point of the post. Apart from the ability to allocate a portfolio, has anyone found enough value for other services, advice, etc. that they feel justifies a 1% fee.

No, a defining quality is whether or not you take ownership of your portfolio and be engaged.

Read up on this website's wiki.

I learned everything on my own regarding personal finance. You are fortunate, there is a website with all this information at your fingertips.

When I started investing it was dinosaur era of paper and pen.

3 million net worth laughing all the way to the bank.

watch this: https://www.pbs.org/newshour/show/how-t ... -their-30s hopefully you be inspired by Mr Money Mustache

“Order status” shows no open orders. “Confirmations” shows no confirmations for the transactions in question (below). “Transaction history” shows that the two separate purchases from the external bank into the settlement fund went through fine. :confused Do you have evidence that is an email confirmation an order was placed? I assume the funds are still in your Settlement account? Yes, in each case I got an email (“Notice of transaction submission”) as soon as the order was placed. Just no confirmation (“Your brokerage transaction confirmation is ready”) a day or two later that it had executed (as I get normally when buying a T-Bill/MF from the settlement account). And, yes, the funds are in the settlement account and the external bank acc...

investor4life wrote: ↑Sun Feb 26, 2023 2:22 pm
“Order status” shows no open orders.

“Confirmations” shows no confirmations for the transactions in question (below).

“Transaction history” shows that the two separate purchases from the external bank into the settlement fund went through fine.

Do you have evidence that is an email confirmation an order was placed?

I assume the funds are still in your Settlement account?

NBSteel7 wrote: ↑Sun Feb 26, 2023 8:24 am
I am not sure, that would be a question for a tax person or someone in this comment section that may know about that. I do know that I haven't sold it prior to a year, so short terms gain is not an option, which is good (I think).

Thank you!
NB

op

Please read up on taxes in general, take ownership and control, no one else will.

capital gains:
https://www.irs.gov/taxtopics/tc409

read the bible IRS publication 17, read a little at a time: https://www.irs.gov/forms-pubs/about-publication-17

investor4life wrote: ↑Sun Feb 26, 2023 10:32 am Thanks. I completed my transactions by myself, w/o Vanguard help.

Maybe it is a transient website/tech issue.

Have you looked into open orders? Or orders which indicates execution?

albireo13 wrote: ↑Sun Feb 26, 2023 7:49 am Interesting. Yes, there is a Schwab office about 30min drive from me.
I have no experience with Schwab though. I will have to look into it.

Here is Schwab link: viewtopic.php?t=355173 ask galawdawg the op of the post directly for advice.

Op

What about health care? I assume she is on ACA when you mentioned "marketplace".

I assume she is on Medicare or Medicaid? The later has look back period depending on your state’s rule for eligibility.

Is she eligible for food stamps?

Has she looked into government subsidized housing for seniors?

For a couple of years, I have received several letters from Vanguard stating that they were unable to email me. Since I received email from Vanguard regularly, I shredded the letters and chalked it up to a glitch in their system. Last week, I received another letter about being unable to contact me via email on the same day that I received an email confirming a transaction that I had made with my brokerage account. I called Vanguard to determine what the heck was going on. Of course, I had to go through the call menu. When I stated that I was calling about a Profile issue, I was immediately connected to a representative. I explained why I had called. He checked out my profile and discovered that there were 3 email addresses listed in my pr...