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SemperFi79

Oh the tax issues when you have enough :happy I feel your pain. I did not fully appreciate the impact of RMDs on our retirement tax status. My TIRA is about 23/77 so it experiences very moderate growth. But other than that I haven't hit upon a tax lowering strategy that makes sense. I'm left with c...

SemperFi79

hulburt1 wrote: ↑Thu Apr 16, 2020 8:18 pm Can you give 15000 a year to your sister and have her pay the tax? Can you move money from your Ira to you sister Ira and have her pay the tax as a gift. Mine live in Texas 0 tax and I live in Oregon 9%. She is at 12% and I'm at 22% Fed. Thanks
she is 64 I'm 67.

Hey fellow Oregonian!!!

SemperFi79

Congratulations on being in the 24% bracket. That means you have a substantial income. Regarding investments, I invest in broad based low cost index funds. These usually have a low turn over and typically a low (or no) year end capital gains distribution. If you go to Morningstar you can check the ...

SemperFi79

I don’t know about “earning” the title since I’m not 65 and plan to start a business . If you plan to start a business, that could have massive impact on your taxes. I've never started one, so I'd recommend getting insight from others, but some thoughts: If you have "earned income", you c...

SemperFi79

Here’s how I look at it. If your retirement income is the same as your income while working, your income taxes should be the same. “Income”, here, means all the things you have to put on the tax form. If your retirement income is less than your working years income, then you should pay less in taxe...

SemperFi79

Can you give an example of what you mean with “ stepped up basis for after tax assets ”. I’m not sure I understand what you mean. I'm sure there's a better explanation in the wiki... But basically it's this: You paid $200k for your house (it's basis), it's now worth $400k You paid $300k for stocks/...

SemperFi79

Most of us would be glad if our tax bill was lower. But it is much better to receive an extra $1 and pay 24 cents in taxes on it then to not have the extra $1 at all. There’s a tremendous amount of suffering in our country right now. It’s a good time for those of us with enough assets/income to liv...

SemperFi79

But, are thinking of changing our state residence in order to not feel like so much of our retirement is going to the IRS. You do have the option of changing your country of residence and citizenship. https://www.cnn.com/2012/05/16/business/singapore-saverin-facebook/index.html Whew! Now that’s an ...

SemperFi79

But, are thinking of changing our state residence in order to not feel like so much of our retirement is going to the IRS. Thanks.... As already stated, your IRS bill is independent of which state you live in. However, your state income tax bill is another story. Why do think so many retirees live ...

SemperFi79

The challenge is if I want to grow this I’m getting the heck taxed!! Grr. Wondering if buying property would help? Well, there are worse problems! The important thing to remember is that you don't own the whole value of the IRA, so if you can let go of that misconception, it won't hurt so much. The...

SemperFi79

My husband and I are retired with pensions, and with taking RMD's, plus earnings on investments, it puts us in a 24% tax bracket. Which bracket were you in, during your working days? My husband has been retired for decades and when I was working full time it was 22%. Why? The “cost” of growing your...

SemperFi79

.... Looks like everyone is holding their strategies close. I am not sure why you think people are "holding their strategies close." I think about taxes a LOT. I think more about tax reduction strategies than I think about investing. As far as I can tell, there are no silver bullets that ...

SemperFi79

So true. It’s difficult to be happy about gains when it’s yet another check to IRS. Thanks for the feedback. Looks like everyone is holding their strategies close.

SemperFi79

What you are saying makes sense and considered. Unfortunately the IRAS are ineligible for conversion as they are inherited. As for donations I’ve been considering adding more. The challenge is if I want to grow this I’m getting the heck taxed!! Grr. Wondering if buying property would help? Also look...

SemperFi79

I'm pretty excited that after years of being unable to get Chase cards, I've finally dropped below 5/24 and picked up a Chase Ink Preferred off a buddy's referral--got 80K URs coming my way once I figure out how to spend $5K during lockdown lol. I have just finished bonus spending on Chase United B...

SemperFi79

I am interested in feedback from those retirees taking out 3-4%, and not feeling like their earnings on their investment don't go directly to paying taxes. My husband and I are retired with pensions, and with taking RMD's, plus earnings on investments, it puts us in a 24% tax bracket. Even though we...

SemperFi79

-$867 100% equity. OUCH, this is painful. So much for being happy about 2019. I am reading through some of the TLH comments and wondering if that is something to consider as I am now coming up on almost a 25% decrease.

SemperFi79

Bogleheads: Welcome to the 2020 Boglehead Contest designed to demonstrate how difficult it is to forecast future stock prices. Despite the odds, in 2019 a Boglehead with the username "buylowbuyhigh" out-guessed 631 other Bogleheads and 13 Wall Street Guru's with his January forecast of 32...

SemperFi79

Hello BH experts, I am planning to buy a good leather dress shoe with wingtip style with brogue patterning. Color preference is brown or tan. Plan is to use it 1-2 days per work week, and possibly extend shoe's longevity. I am willing to go upto $200 but shoe must have a goodyear welt construction....

SemperFi79

Miele. Ive had Bosch and Asko. In the good ole days Whirlpool but had to move all the time. I love the Miele because it is robust inside. Dishes on the bottom shelf stay in place. Cleans well. When wash done the door pops ajar just a bit and everything is dry! 3 shelves. AJ Madison good website for ...

SemperFi79

Thanks Taylor! I always appreciate your postings. There is much to learn and many of the acronyms or descriptions of their particular analysis makes no sense. Lots of googling for certain. I appreciate an analysis that actually provides insight that may be applicable to one’s financial goals. Cheers...

SemperFi79

jebmke wrote: ↑Tue Apr 16, 2019 2:13 pm Birding. We started in 2007 doing some volunteer surveying at an Audubon property. Met quite a few area birders and naturalists.

What is your favorite pair of binoculars? I'm thinking of taking up birding as a hobby.

SemperFi79

So thankful someone posted this!! Right now I put it all in a safe to deal with later considering there's books and stamps to also deal with! I'm curious if anyone has dealt with a "bag" of coins? In my quick reading on some coin forum, the real go getters say to open the bag and look at a...

SemperFi79

I am set up to automatically reinvest.

SemperFi79

Just my two cents... you mentioned private room nursing home is “significantly” less than his pension. If his pension is $75k, I’m curious what your expectation of a potential private room nursing home is. As an example my good friends wife is in a private room nursing home, with full time nursing c...

SemperFi79

If you aren't reinvesting the dividends either immediately back in the funds that issued them or in some other appropriate investment, then what are you doing with them? It might be good to be clear what you are asking. I’m immediately reinvesting in the find that issued them. In that case if you w...

SemperFi79

You have come to the right place for good feedback. I am sorry for your loss and understand all to well the decisions to be made. My father recently passed and had two homes in another state. I debated selling vs renting and am glad I sold. This was in the San Francisco area and while 2018 was hot(m...

SemperFi79

dbr wrote: ↑Mon Jun 24, 2019 8:43 am If you aren't reinvesting the dividends either immediately back in the funds that issued them or in some other appropriate investment, then what are you doing with them? It might be good to be clear what you are asking.

I’m immediately reinvesting in the find that issued them.

SemperFi79

I’m wondering if buying the tax prep software would be insightful for furthering my understanding and insight? Thanks for the IRS INFO. I’ll check it out.

SemperFi79

Ditto on enjoying efficiency and simplicity! I am often overwhelmed with the detail that some share about efficiency for taxes. I want to pay as little in taxes if possible and I’m sure the seasoned investors would see things differently in my goals. Anyway... will continue to sponge the comments. 😄

SemperFi79

I believe that if you have a substantial amount of a Vanguard fund,and have had some $ in that fund for 5 or 10 years,and you are having automatic reinvestment of distributions and dividends (in a taxable account),if you sell a portion of your holding in the fund (say you need the cash for a car or...

SemperFi79

I believe it's better to reinvest all dividends if you don't NEED the cash. And if you don't feel comfortable reinvesting into the fund that paid the dividends, then maybe you should've picked a different fund. It's very simple: gains are good and big gains are better. Dividends used to be treated ...

SemperFi79

I’m more clear based on your comments. I have two accounts that are Inherited IRAS that require RMDs, so I plan to have some dividends put into the money market do I don’t have to sell anything, otherwise I’m not touching anything for another 12 years when I’m 70. At least that’s the plan now. I hav...

SemperFi79

In my daily “learning” from this forum there have been varied discussions regarding “to reinvest dividends and capital gains” or not. I’d like to understand a comment made in another post suggesting how to invest “In the taxable accounts set all the mutual funds to not automatically reinvest the div...

SemperFi79

anoop wrote: ↑Thu May 16, 2019 5:48 pm OP,

While you perhaps didn't intend it, the sale turned out to be beautifully timed!

Yes. It all worked out.

SemperFi79

Not good at all. I was wondering the same thing with other 3 fund portfolio wizards. Total stock and S&P have not been kind this month.

SemperFi79

MindBogler wrote: ↑Thu May 02, 2019 10:11 pm
SemperFi79 wrote: ↑Wed May 01, 2019 9:16 am Sold everything today!
Way to go, you made the logical choice. And Semper Fi!

Thanks. And Semper Fi. I just REreviwed the date of death valuation and it’s 50.25. Sold at 51.25. That was addtl good news. Now begins choosing my funds and allocation.

SemperFi79

@rai, Thanks for the detailed explanation. If you wanted to go crazy could sell at the money like $50 share and if you sold the call for $50 on January 2020 you’d get $4.5 a share or $90K plus you keep the dividends as well and if the shares never sell at the date you can sell more calls into the f...

SemperFi79

SevenBridgesRoad wrote: ↑Wed May 01, 2019 11:55 pm
SemperFi79 wrote: ↑Wed May 01, 2019 9:16 am
Sold everything today!
So everything after this point in time is irrelevant. Who cares if someome tells you it was a mistake? As Ferris Bueller wisely said, "You're still here? It's over. Go home."

You did the right thing. Now, stop reading. Including this!

SemperFi79

MathIsMyWayr wrote: ↑Wed May 01, 2019 5:46 pm mistake

Your reasoning?

SemperFi79

rai wrote: ↑Wed May 01, 2019 2:03 pm Have you considered selling covered calls? You get both the premium of the call and the dividends while you wait.

What do you mean? Never heard of this term?

SemperFi79

The new CEO while an experienced CFO seems to be backtracking on the former estimates declared. Data center concerns. Backing out of 5g. Thanks for your feedback. I think the new CEO is a mistake. A company like Intel needs a CEO who understands the technical side of the business, not just a busine...

SemperFi79

bloom2708 wrote: ↑Tue Apr 30, 2019 10:36 am Sell all with the minimal gains.

That is north of $1.5 million in a single stock.

What is your "sleep well at night" mix of stocks/bonds/fixed income? I would get to that. Take as much risk as you need. Doesn't matter now if it was earned or inherited.

Definitely keeps me up

SemperFi79

The new CEO while an experienced CFO seems to be backtracking on the former estimates declared. Data center concerns. Backing out of 5g. Thanks for your feedback. I think the new CEO is a mistake. A company like Intel needs a CEO who understands the technical side of the business, not just a busine...

SemperFi79

In response to dividends, yes it’s a nice dividend but there are other holdings that have a higher dividend. Allocation. The dock holdings are more than 50%. So another concern that I had early on. I didn’t sell or move anything while in the “estate” status for reasons irrelevant but the best for me...

SemperFi79

I have 30,000+ shares of Intel stock recently inherited. The date of death valuation is at 48.57. I had intended to ladder selling in order to keep taxes lower. I had placed a sell at 59 and it continues to fall and expected earnings are not looking good, compared to beginning of year estimates. Thi...

SemperFi79

It is a conundrum to understand how someone could make more and then get less. I agree there are potentially many variab?les in that blanket statement. It is more of a statement to express are there any others who have experienced that with friends or family, and why? I am going to go back to the es...

SemperFi79

Thanks everyone. The part of social security that is concerning as others I know who are looking to retire is where the SS statement says "You have earned enough credits to qualify for benefits. At your current earnings rate, if you continue working until...." Well, what if I don't keep wo...

SemperFi79

I am trying to calculate the advantages of working another 5-10 years, or officially retiring. The statements that are sent showing what you will most likely get if you were to continue working are somewhat vague. If 35 years is averaged on what I've done so far, that would be factoring in that my i...

SemperFi79

Once you take the plunge to a more luxury German car why not just treat it as an expense and get out of the repair-risk-management game? So you are saying that since the cars you prefer are so mechanically unreliable, it makes sense to lease. The premise to your justification doesn't jibe with my s...

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