Search found 52 matches

by mailman781
Sun Jun 28, 2020 9:31 pm
Forum: Personal Investments
Topic: New 2020 RMD Rules
Replies: 19
Views: 1677

Re: New 2020 RMD Rules

OP, You can return the full RMD amount and then take the QCD as a charitable deduction, assuming you will itemize. I recommend calling the brokerage directly since the ruling is so new and I suspect the online systems haven’t been updated yet. Mark the deposit as a 2020 Rollover, Re: IRS Note 2020-...
by mailman781
Sat Jun 06, 2020 5:56 pm
Forum: Personal Investments
Topic: Retirees: what is your AA?
Replies: 80
Views: 3937

Re: Retirees: what is your AA?

Your AA should depend on many things. Do you have pensions enough so that you don't have to depend on your investments. How much risk can you take and still sleep well at night? What standard of living do you wish to maintain? How does you spouse feel about the AA? And so on. The opinions you receiv...
by mailman781
Thu May 21, 2020 2:57 pm
Forum: Personal Investments
Topic: Should I pull my CDs out?
Replies: 26
Views: 2790

Re: Should I pull my CDs out?

Just thinking out loud... if I had 300k in the bank and needed 300k to buy a house maybe I should cash the CD's and pay cash on the house, I would probably save 10-12k in initial mortgage expenses alone. With no mortgage payment I could quickly replace my cash... that's just how I think. We think a...
by mailman781
Thu May 07, 2020 2:51 pm
Forum: Personal Investments
Topic: Drawbacks to chasing savings account bonuses?
Replies: 28
Views: 2258

Re: Drawbacks to chasing savings account bonuses?

After the three months has passed, it may be two months before your bonus interest is credited to your account, according to the fine print.
by mailman781
Mon Apr 06, 2020 5:03 pm
Forum: Personal Investments
Topic: Tips on how to stop checking finances too often?
Replies: 29
Views: 1447

Re: Tips on how to stop checking finances too often?

I have been retired for many years and I check my port every evening. If checking your portfolio bothers you so very much during this downturn, perhaps you should look at your allocation. Maybe you need an allocation that will allow you to relax a little and accept this downturn as something that is...
by mailman781
Fri Apr 03, 2020 5:06 pm
Forum: Investing - Theory, News & General
Topic: Isnt shale oil industry more of risk factor than covid itself?
Replies: 45
Views: 3201

Re: Isnt shale oil industry more of risk factor than covid itself?

HawkeyePierce wrote:
Fri Apr 03, 2020 11:40 am
Oil is a boom-and-bust industry and their lenders know that. Bethany McLean's book Saudi America covers that dynamic.
+1 Always has been.
by mailman781
Tue Mar 31, 2020 5:49 pm
Forum: Personal Investments
Topic: Vanguard RMD service and COVID-19
Replies: 10
Views: 1030

Re: Vanguard RMD service and COVID-19

Fortunately, no distribution has occurred in 2020. You can simply go on the VG site and terminate the RMD service. And verify that it has been terminated. You will not get the Dec distribution. Ok, then in the following year I would have to set it back up again? That seems like a simple solution (b...
by mailman781
Mon Mar 30, 2020 6:58 pm
Forum: Personal Finance (Not Investing)
Topic: Undoing your already-taken RMD for 2020
Replies: 119
Views: 7819

Re: Undoing your already-taken RMD for 2020

My wife and I have scheduled RMD distributions with Vanguard. Mine is in December, hers is quarterly and one withdrawal has already been make. I telephoned Vanguard this morning and got an agent on the line in less than a minute. He went to work and cancelled the RMDs scheduled for this year and the...
by mailman781
Mon Mar 30, 2020 6:37 pm
Forum: Personal Investments
Topic: Vanguard says no beneficiaries designated on taxable account
Replies: 27
Views: 2472

Re: Vanguard says no beneficiaries designated on taxable account

My wife have beneficiaries designated on our TIRAs and RIRAs. On our joint taxable account, we have TOD so that the survivor has control of the joint accounts, however we were not allowed to name our children as beneficiaries if something happened to both of us at the same time. I was told that if o...
by mailman781
Tue Mar 24, 2020 5:14 pm
Forum: Investing - Theory, News & General
Topic: What is your AA, given your age ? and this crisis ?
Replies: 170
Views: 9481

Re: What is your AA, given your age ? and this crisis ?

Folks, 1. Without quantifying your need/ability/willing to take risk and/or goals, what is your AA (Stock:Bond), given your age? and why? 2. How do you glide your risk (stock percentage) as you age and/or approach your 'need' portfolio value ? 3. Given the current market and health crisis, how do y...
by mailman781
Mon Mar 16, 2020 7:28 pm
Forum: Investing - Theory, News & General
Topic: What is your AA, given your age ? and this crisis ?
Replies: 170
Views: 9481

Re: What is your AA, given your age ? and this crisis ?

Age 82. Allocation 30/70. Plan to keep this AA to the end. There is one other bit of information that each poster should include, are you living off of your portfolio or do you have nice pensions? That makes a great deal of difference in how people handle their AA and how they are handling this curr...
by mailman781
Sun Mar 08, 2020 4:49 pm
Forum: Personal Investments
Topic: Move from bonds to Money Market,CDs, savings acct, etc.?[UPDATE]
Replies: 98
Views: 8693

Re: Move from bonds to Money Market,CDs, savings acct, etc.?

As previously stated many times, as interest rates go down the bond funds share price goes up. So if interest rates continue down and go negative, what will the bond price do then? Surely the price can not still go up. Yes, it can. And don't call me Shirley. Okay, I wont call you Shirley. I never h...
by mailman781
Sat Mar 07, 2020 2:40 pm
Forum: Personal Investments
Topic: Move from bonds to Money Market,CDs, savings acct, etc.?[UPDATE]
Replies: 98
Views: 8693

Re: Move from bonds to Money Market,CDs, savings acct, etc.?

As previously stated many times, as interest rates go down the bond funds share price goes up. So if interest rates continue down and go negative, what will the bond price do then? Surely the price can not still go up.
by mailman781
Thu Feb 27, 2020 5:39 pm
Forum: Personal Investments
Topic: 1099-Misc earning to ROTH
Replies: 12
Views: 648

Re: 1099-Misc earning to ROTH

Thanks very much for everyone's reply. Let me see if I am understanding this correctly. This income can be used to add to a ROTH IRA after I take the total income from Schedule 1, line 3 and reduce it by the amount shown on Schedule 1, line 14. As another check, the amount shown on Schedule 1, line...
by mailman781
Thu Feb 27, 2020 11:03 am
Forum: Personal Investments
Topic: 1099-Misc earning to ROTH
Replies: 12
Views: 648

Re: 1099-Misc earning to ROTH

Thanks very much for everyone's reply. Let me see if I am understanding this correctly. This income can be used to add to a ROTH IRA after I take the total income from Schedule 1, line 3 and reduce it by the amount shown on Schedule 1, line 14. As another check, the amount shown on Schedule 1, line ...
by mailman781
Wed Feb 26, 2020 7:29 pm
Forum: Personal Investments
Topic: 1099-Misc earning to ROTH
Replies: 12
Views: 648

1099-Misc earning to ROTH

I have been retired and receiving my RMD for many years. I do not hold a regular job but was asked to set on the board of an organization in 2019. They pay us a small amount for each meeting we attend, which came to less than $2,000 in 2019. This money was reported to IRS on Form 1099-Misc. I assume...
by mailman781
Sun Nov 17, 2019 3:16 pm
Forum: Personal Investments
Topic: Vanguard: Transition to our new investment platform
Replies: 65
Views: 33831

Re: Vanguard: Transition to our new investment platform

So if a person moves to a brokerage account, does that mean that when the RMD is withdrawn it will have to go into the cash settlement account first and then they will have to transfer the money to their checking account?
by mailman781
Sun Nov 17, 2019 2:56 pm
Forum: Personal Investments
Topic: Vanguard: Transition to our new investment platform
Replies: 65
Views: 33831

Re: Vanguard: Transition to our new investment platform

I got this notice years ago. Thinking it was the writing on the wall, I converted our SEP and Roth accounts but failed to do so for taxable—just out of laziness. Vanguard sent me several follow up notices which I ignored and I have not heard from them since. I only hold Vanguard mutual funds at Van...
by mailman781
Fri Nov 15, 2019 4:32 pm
Forum: Personal Investments
Topic: I need to rebalance, but hate paying capital gains tax.
Replies: 41
Views: 3648

Re: I need to rebalance, but hate paying capital gains tax.

I probably should not post this because I know there will be a lot flak,but here goes. One way not to have to rebalance and pay capital gains is to use balanced funds so that you do not have to rebalance. It will cost you a little more in tax because of the bonds, but I like the piece of mind of not...
by mailman781
Wed Aug 21, 2019 1:49 pm
Forum: Personal Investments
Topic: Cash Investment Question.
Replies: 22
Views: 1178

Re: Cash Investment Question.

Amex, Marcus, or Ally savings would give you similar yield but not tie up the money. Thanks for the reply. I have looked at the online banks, but just can't seem to make myself use one. I feel much more comfortable using a local bank or credit union, but I do thank you for your reply. I would highl...
by mailman781
Wed Aug 21, 2019 1:45 pm
Forum: Personal Investments
Topic: Cash Investment Question.
Replies: 22
Views: 1178

Re: Cash Investment Question.

Delete please
by mailman781
Wed Aug 21, 2019 1:36 pm
Forum: Personal Investments
Topic: Cash Investment Question.
Replies: 22
Views: 1178

Re: Cash Investment Question.

sergeant wrote:
Wed Aug 21, 2019 12:07 pm
Perhaps interest rates will settle down, perhaps not. Nobody really knows. What rate is your MM at?
Thanks for your reply. My MM rate is presently 2.15% SEC and gradually going down. Certainly no one knows, but I expect that they will go even lower, don't you?
by mailman781
Wed Aug 21, 2019 1:32 pm
Forum: Personal Investments
Topic: Cash Investment Question.
Replies: 22
Views: 1178

Re: Cash Investment Question.

Jack FFR1846 wrote:
Wed Aug 21, 2019 1:25 pm
Redneck Bank Megamoney is paying 2.4% up to $50k, so there ya go.

If you want more, they have a "jump through debit card hoops" checking account that pays 3%. I don't have one of those.....I'm too old to jump through hoops.
Thanks. I expect that I, also, am much to old to jump through hoops.
by mailman781
Wed Aug 21, 2019 1:29 pm
Forum: Personal Investments
Topic: Cash Investment Question.
Replies: 22
Views: 1178

Re: Cash Investment Question.

Amex, Marcus, or Ally savings would give you similar yield but not tie up the money. Thanks for the reply. I have looked at the online banks, but just can't seem to make myself use one. I guess I am a bit old fashioned. I just feel much more comfortable using a local bank or credit union, but I do ...
by mailman781
Wed Aug 21, 2019 1:21 pm
Forum: Personal Investments
Topic: Cash Investment Question.
Replies: 22
Views: 1178

Re: Cash Investment Question.

I don't think you'll go too wrong either way, meaning your financial situation will be pretty similar regardless of choice. The total bond market fund 30-day yield is 2.32% with a 6 year duration. So the 2.75% for three years is a fine rate. The CD doesn't have the opportunity for increase in price...
by mailman781
Wed Aug 21, 2019 1:18 pm
Forum: Personal Investments
Topic: Cash Investment Question.
Replies: 22
Views: 1178

Re: Cash Investment Question.

Not sure how much money you're talking about here but I personally wouldn't tie up my money in a 3 year cd for 2.75%. You can get 2.4% in a money market or a one year cd at 2.5%... just my 2 cents I talking about 50K. My MM is at 2.15% SEC at present and gradually going down. I would expect MM rate...
by mailman781
Wed Aug 21, 2019 1:15 pm
Forum: Personal Investments
Topic: Cash Investment Question.
Replies: 22
Views: 1178

Re: Cash Investment Question.

Thanks for the reply. The MM is now at 2.15 SEC and gradually going down.
by mailman781
Wed Aug 21, 2019 11:15 am
Forum: Personal Investments
Topic: Cash Investment Question.
Replies: 22
Views: 1178

Cash Investment Question.

I have a sum of cash in a Money Market fund, that I would like to earn a little more income on. To meet my desired allocation, it needs to be put into bonds. The equity sleeve is full. Since interest rates are falling, I hesitate to go into a bond fund only to see the yield go down. I know the share...
by mailman781
Thu Feb 21, 2019 5:11 pm
Forum: Personal Investments
Topic: Selling Funds within Vanguard IRA to buy New
Replies: 2
Views: 268

Re: Selling Funds within Vanguard IRA to buy New

I would call Vanguard and have them help arrange a transfer of your IRA accounts from the old firm to Vanguard. I would not have the money sent to me but sent directly to Vanguard. I would have the entire amount transfered at one time and the old account closed. I suspect that it may take more than ...
by mailman781
Tue Feb 19, 2019 1:13 pm
Forum: Personal Investments
Topic: Anyone tired of the stock market going up?
Replies: 375
Views: 47802

Re: Anyone tired of the stock market going up?

Just invest in a few good balanced funds. Let the fund managers make the decisions for you and take that load off of your shoulders.
by mailman781
Tue Jan 15, 2019 2:06 pm
Forum: Personal Investments
Topic: Biggest Investment Mistake
Replies: 248
Views: 25008

Re: Biggest Investment Mistake

Yep... marriage is a huge investment... of time, resources, equity, personal finance. Maybe the biggest one. I also don’t view investing as divorced from behavioral economics or other parts of one’s life and resources. Yes, I suppose marriage is a huge investment, but in my case it would be the BES...
by mailman781
Wed Jan 02, 2019 1:56 pm
Forum: Personal Investments
Topic: Do pensions and SSN count as fixed income allocation?
Replies: 11
Views: 909

Re: Do pensions and SSN count as fixed income allocation?

New to board. Have $2.2 million in investable assets. Right now about 55% stocks, 45% fixed income and cash. I'm 62, wife is 61, both retired. $800K in taxable accounts, $260K in Roth, rest in IRA's. I think I have too much exposure to stocks as my net worth has dropped about $285K since September....
by mailman781
Sun Dec 30, 2018 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax Prices
Replies: 302
Views: 43985

Re: TurboTax Prices

I was the poster who originated this topic over a year ago, and I’ve followed it with great interest. Last year I e-filed my federal return with FreeTaxUSA. My return included Schedule B (Interest and Dividends), Schedule D (Capital Gains and Losses), Form 1116 (Foreign Tax Credit), and Form 8606 (...
by mailman781
Sat Dec 29, 2018 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax Prices
Replies: 302
Views: 43985

Re: TurboTax Prices

I was the poster who originated this topic over a year ago, and I’ve followed it with great interest. Last year I e-filed my federal return with FreeTaxUSA. My return included Schedule B (Interest and Dividends), Schedule D (Capital Gains and Losses), Form 1116 (Foreign Tax Credit), and Form 8606 (...
by mailman781
Sat Dec 29, 2018 6:29 pm
Forum: Investing - Theory, News & General
Topic: Receiving shares in payment for a sell
Replies: 3
Views: 278

Re: Receiving shares in payment for a sell

Thanks for your reply. I will await more info from the company involved. I guess I'm letting my thoughts get ahead of the process. Thanks again.
by mailman781
Sat Dec 29, 2018 6:14 pm
Forum: Investing - Theory, News & General
Topic: Receiving shares in payment for a sell
Replies: 3
Views: 278

Receiving shares in payment for a sell

Suppose Company A buys Company B and pays the shareholders of Company B with 1/2 cash and 1/2 in shares in Company A.

At tax time, I know that the cash part is declared and capital gain is paid, but how is the half paid in stock shares figured?
by mailman781
Thu Dec 27, 2018 12:34 pm
Forum: Investing - Theory, News & General
Topic: Which balanced fund for taxable (if in a low tax bracket)?
Replies: 6
Views: 955

Re: Which balanced fund for taxable (if in a low tax bracket)?

In the 12% bracket, taxable bonds after-tax appear to pay more than tax-exempt bonds of similar quality and duration. I'm in the 12% bracket and also prefer to have a balanced fund in my taxable account, and every time I've looked at it, VBIAX still seems like the better choice. For intermediate te...
by mailman781
Sun Dec 16, 2018 7:42 pm
Forum: Personal Investments
Topic: Investing RMD back into taxable vanguard fund
Replies: 9
Views: 1506

Re: Investing RMD back into taxable vanguard fund

I am trying to help my sister-in-law set up automatic RMD's at Vanguard, and have the distributions invested into her taxable Index 500 fund. Setting up the automatic RMD on Vanguard's web site, we hit the option for Distributions...…..and the only choice for reinvestment, is to have the distributi...
by mailman781
Sun Dec 16, 2018 7:19 pm
Forum: Personal Investments
Topic: What is a good very safe Vanguard fund?
Replies: 17
Views: 2708

Re: What is a good very safe Vanguard fund?

retiringwhen wrote:
Sun Dec 16, 2018 7:15 pm
The only safer thing (and it is debatable) would be an FDIC insured CD or savings account at a well-capitalized national bank.

OR a local credit union.
by mailman781
Wed Dec 12, 2018 4:56 pm
Forum: Personal Investments
Topic: Taxable or Tax-Exempt Bonds
Replies: 20
Views: 1744

Re: Taxable or Tax-Exempt Bonds

Hello exigent. Yesterday I changed things around in my computer. I moved the CD's and MM money to investments as short term reserves just to see what it looked like. I like the way it looks. The bonds and equities are still shown as always, but as a smaller percentage of the portfolio and the CD's a...
by mailman781
Wed Dec 12, 2018 4:04 pm
Forum: Personal Investments
Topic: Does it ever make sense to invest in ROTH IRA before maxing our 401K?
Replies: 59
Views: 5036

Re: Does it ever make sense to invest in ROTH IRA before maxing our 401K?

What I mean by "if you want to go short term or if you want to go long term" is: Short term: If a person feels that a tax deduction for this year is very important to them, they are thinking in the short term. The tax deduction is more important to them now than than having tax free income and no RM...
by mailman781
Tue Dec 11, 2018 7:32 pm
Forum: Personal Investments
Topic: Does it ever make sense to invest in ROTH IRA before maxing our 401K?
Replies: 59
Views: 5036

Re: Does it ever make sense to invest in ROTH IRA before maxing our 401K?

Both sides of this discussion has good points of view. It all gets down to one thing.

If you are looking at the short term of things, then go with the 401-k or traditional IRA.

If you are looking at the long term of things, then go with the Roth IRA.

It is really all as simple as that.
by mailman781
Tue Dec 11, 2018 12:34 pm
Forum: Personal Investments
Topic: Taxable or Tax-Exempt Bonds
Replies: 20
Views: 1744

Re: Taxable or Tax-Exempt Bonds

Hello not4me. Thanks for your reply. I use balanced funds in both the tax-deferred and taxable accounts with a small percentage in bond funds in order to maintain the AA. My main concern at present is the taxable account. I have been using tax-exempt bond funds in the taxable account. (They are not ...
by mailman781
Tue Dec 11, 2018 11:06 am
Forum: Personal Investments
Topic: Does it ever make sense to invest in ROTH IRA before maxing our 401K?
Replies: 59
Views: 5036

Re: Does it ever make sense to invest in ROTH IRA before maxing our 401K?

If you do not receive a pension, but live off the RMD and savings, you may very well avoid a bracket creep, because you could adjust your withdrawals, other than the RMD. If you receive a pension and RMD, that is when you could very well be forced into a higher tax bracket as the RMD percentage grow...
by mailman781
Mon Dec 10, 2018 9:27 pm
Forum: Personal Investments
Topic: Does it ever make sense to invest in ROTH IRA before maxing our 401K?
Replies: 59
Views: 5036

Re: Does it ever make sense to invest in ROTH IRA before maxing our 401K?

Fund your 401-K to the limit of the employer match. Then max your Roth. After than, max the 401-K if possible. Believe me, even though you will pay a little more tax now, the tax rates will likely be much higher when you retire and you will be very happy to have the Roth when you start the RMD's. Ea...
by mailman781
Mon Dec 10, 2018 9:05 pm
Forum: Personal Investments
Topic: Taxable or Tax-Exempt Bonds
Replies: 20
Views: 1744

Re: Taxable or Tax-Exempt Bonds

Thank you for the kind words exignet.
by mailman781
Mon Dec 10, 2018 8:48 pm
Forum: Personal Investments
Topic: Taxable or Tax-Exempt Bonds
Replies: 20
Views: 1744

Re: Taxable or Tax-Exempt Bonds

Perhaps I should put my last post in a new thread.
by mailman781
Mon Dec 10, 2018 8:46 pm
Forum: Personal Investments
Topic: Taxable or Tax-Exempt Bonds
Replies: 20
Views: 1744

Re: Taxable or Tax-Exempt Bonds

Hello radiowave. We are well into retirement, thus have no new money to put into tax deferred accounts. I have never included our CD's in our portfolio, since they are not at market risk, but considered them as cash. I know that many will not agree with that. This brings me to another question that ...
by mailman781
Mon Dec 10, 2018 7:32 pm
Forum: Personal Investments
Topic: Taxable or Tax-Exempt Bonds
Replies: 20
Views: 1744

Re: Taxable or Tax-Exempt Bonds

Thanks cyclesafe. I appreciate your reply.
by mailman781
Mon Dec 10, 2018 5:51 pm
Forum: Personal Investments
Topic: Taxable or Tax-Exempt Bonds
Replies: 20
Views: 1744

Re: Taxable or Tax-Exempt Bonds

May I ask you folks another question along the Tax Exempt Bond line? At present, about 20% of the bonds in my portfolio are tax-exempt and I feel that 20% is about the max that I should hold in tax-exempt. Is a 20% max on tax-exempt bonds a reasonable rule of thumb or does it matter at all?