Search found 85 matches

by 557880yvi
Tue Nov 12, 2019 6:36 pm
Forum: Personal Investments
Topic: VMATX (MA Tax Free) for proceeds from locking in LTCG?
Replies: 4
Views: 254

Re: VMATX (MA Tax Free) for proceeds from locking in LTCG?

Many thanks for the excellent advice. I am grateful for this newfound, wonderful forum, and to know that we are I am not in this next chapter of life! :D
by 557880yvi
Mon Nov 11, 2019 6:08 pm
Forum: Investing - Theory, News & General
Topic: Roth Conversion Calculation
Replies: 17
Views: 1340

Re: Roth Conversion Calculation

This is my first time in calculating a Roth conversion so be kind. I am trying to calculate a Roth conversion after reviewing several sources. Can anyone demystify the steps for conversion? I am retired, single, not itemizing, not taking social security and 65 year old. Pretty much a simple TIRA ac...
by 557880yvi
Mon Nov 11, 2019 5:49 pm
Forum: Personal Investments
Topic: VMATX (MA Tax Free) for proceeds from locking in LTCG?
Replies: 4
Views: 254

Re: VMATX (MA Tax Free) for proceeds from locking in LTCG?

Could I convince you to balance that out with some VMLTX or VWITX to broaden geography and bring down average term?[/color] 5. Is there some better Boglehead strategy for those of us retiring a bit early needed to keep taxable safe enough to live on and pay taxes on the Roth conversions until 70? W...
by 557880yvi
Mon Nov 11, 2019 2:36 pm
Forum: Personal Investments
Topic: VMATX (MA Tax Free) for proceeds from locking in LTCG?
Replies: 4
Views: 254

VMATX (MA Tax Free) for proceeds from locking in LTCG?

Dear Fellow Bogleheads, Husband and I retired last year (currently 62) with sufficient assets in our taxable brokerage account to live on and defer SS to 70. The plan is to undertake a steady ROTH conversion strategy for the next 8 years. We hope to minimize any taxable income and use up the lower b...
by 557880yvi
Fri Nov 08, 2019 3:54 pm
Forum: Personal Investments
Topic: The Social Security Hump and Roth Conversions
Replies: 7
Views: 1067

Re: The Social Security Hump and Roth Conversions

Very nice to see the visual effect on taxes for doing Roth conversions. Is this something you created yourself from Excel data or is this from a tool (perhaps a Boglehead tool)? I have been doing these calculations on my own Excel set-ups and if there is a tool to produce the graphs (or against whic...
by 557880yvi
Fri Nov 08, 2019 3:45 pm
Forum: Personal Investments
Topic: Customer Service with Vanguard
Replies: 264
Views: 16475

Re: Customer Service with Vanguard

Completed some RMD transactions this morning. That went smoothly no problem. THEN, I was transferred to a "Flagship Representative" to complete my transition to the new brokerage platform. This was for the second time since no one answered the phone the first time I called. After 15 minutes talking...
by 557880yvi
Fri Nov 08, 2019 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: Cost Basis Time Share received for free or a few dollars
Replies: 11
Views: 751

Re: Cost Basis Time Share received for free or a few dollars

UPDATE: Not accepting the free offer to take over our friends' timeshare. In part thanks to your many thoughtful responses and because I was unable to obtain copies of the financials, 2020 budget or board minutes (only available to owners and our friends didn't have them or said that they would not ...
by 557880yvi
Thu Nov 07, 2019 8:21 pm
Forum: Personal Investments
Topic: Customer Service with Vanguard
Replies: 264
Views: 16475

Re: Customer Service with Vanguard

Found out today, from 2 different Vanguard Reps on separate calls (both with miserable, frustrating and unacceptably poor service) that despite what Vanguard is telling Flagship customers (over the phone and in emails that state that a dedicated Flagship Team will still be there for us even if we do...
by 557880yvi
Thu Nov 07, 2019 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone want to share their monthly budget? Here's ours
Replies: 152
Views: 31509

Re: Anyone want to share their monthly budget? Here's ours

We actually spend about 4800 a month, most of the extra goes to pleasure - hobbies/sports equip/technology/specialty product purchases. I think the key to relatively low monthly expenses is paid off house, no debt, no car payments, and living in a LCOL area. In a similar situation, but live in a ve...
by 557880yvi
Thu Nov 07, 2019 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: Cost Basis Time Share received for free or a few dollars
Replies: 11
Views: 751

Re: Cost Basis Time Share received for free or a few dollars

That is a great suggestion. Many thanks to all.
by 557880yvi
Thu Nov 07, 2019 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: Cost Basis Time Share received for free or a few dollars
Replies: 11
Views: 751

Re: Cost Basis Time Share received for free or a few dollars

Thank you for the quick responses! I try to be brief with posts but never seem to anticipate all the great points/questions my fellow Bogleheads come up with. So I should have added the following if it makes a difference: 1. We have stayed at this resort several times as a guest of our friends' pare...
by 557880yvi
Thu Nov 07, 2019 11:24 am
Forum: Personal Finance (Not Investing)
Topic: Cost Basis Time Share received for free or a few dollars
Replies: 11
Views: 751

Cost Basis Time Share received for free or a few dollars

Dear Bogleheads, I received a very unexpected call from some dear friends last night. 1 year ago, an elderly parent transferred the deed from a time share week they owned to them (the son) for consideration of "$100.00". This week is in the early (shoulder) part of the spring season, right on the wa...
by 557880yvi
Thu Nov 07, 2019 6:51 am
Forum: Personal Investments
Topic: Fidelity and Roth IRA question, new to group
Replies: 7
Views: 508

Re: Fidelity and Roth IRA question, new to group

If you can provide a bit more information about your situation - age (or years to retirement), other retirement assets, goal for retirement, the responses can be more tailored. :moneybag :D
by 557880yvi
Tue Nov 05, 2019 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Projections in Retirement?
Replies: 12
Views: 1417

Re: Tax Projections in Retirement?

I've played with several over the years. This is the best one I've found. A lot of them don't calculate SS income very well or at all. This one does. Also you can save different scenarios or print them out. Also you can go back to prior tax year if you want. I think as long as you don't clear your ...
by 557880yvi
Tue Nov 05, 2019 9:37 am
Forum: Personal Investments
Topic: Stock market at its peak
Replies: 32
Views: 4612

Re: Stock market at its peak

Would anyone change this recommendation if you currently hold a large cash position in your IRA's (~$1M) as a result of consolidating multiple 401k's from multiple financial institutions to Vanguard to simplify retirement planning? Recently retired early at 61, assets could not be transferred as the...
by 557880yvi
Sat Nov 02, 2019 10:04 am
Forum: Personal Finance (Not Investing)
Topic: how does Personal Umbrella Insurance work?
Replies: 28
Views: 2649

Re: how does Personal Umbrella Insurance work?

Not sure if it was mentioned in the posts, but some cases the underlying insurances over which "Umbrella" policies cover, can have certain coverage limits reduced, saving you money on the underlying insurance. For example, we have an Umbrella policy covering our homeowner's and auto insurance which ...
by 557880yvi
Sat Nov 02, 2019 8:46 am
Forum: Personal Investments
Topic: Benefits of Flagship Status at Vanguard?
Replies: 65
Views: 7473

Re: Benefits of Flagship Status at Vanguard?

Until a few weeks ago when our dedicated Flagship rep was taken away (and this person was very experienced, knowledgeable and helped through a number of issues), when we called in any time of the day/evening for any reason to any Vanguard phone #, the calls were always answered right away. Since the...
by 557880yvi
Fri Nov 01, 2019 8:37 pm
Forum: Personal Investments
Topic: Alternative to Muni Bond Fund (VMATX) due to MAGI Impact?
Replies: 7
Views: 537

Re: Alternative to Muni Bond Fund (VMATX) due to MAGI Impact?

UpperNwGuy wrote:
Fri Nov 01, 2019 8:13 pm
It always amazes me how people will willingly forego a large amount of income in order to avoid a smaller amount of taxes.
Not sure what you mean by forego a large amount of income?
by 557880yvi
Fri Nov 01, 2019 3:44 pm
Forum: Personal Investments
Topic: Alternative to Muni Bond Fund (VMATX) due to MAGI Impact?
Replies: 7
Views: 537

Alternative to Muni Bond Fund (VMATX) due to MAGI Impact?

Dear Bogleheads, I have a question that may help some others facing the same dilemma about the impact on MAGI of Tax-Free State Muni Bond Funds. There have been many posts in the past few weeks regarding a similar theme, and about which these posts have taught me much: Retiring early, waiting until ...
by 557880yvi
Thu Oct 31, 2019 11:16 am
Forum: Personal Finance (Not Investing)
Topic: Haven't received email from Equifax about settlement
Replies: 5
Views: 607

Re: Haven't received email from Equifax about settlement

I have not received anything either - following.
by 557880yvi
Wed Oct 30, 2019 7:03 pm
Forum: Personal Finance (Not Investing)
Topic: Cost to build a house?
Replies: 28
Views: 2793

Re: Cost to build a house?

We have built several. Getting an architect if you want custom is how you will get the most accurate pricing (but for a good architect, $20k is a starting point for their work and it an go way up). But make sure the architect knows your state and town building codes! If you are open to a home plan t...
by 557880yvi
Wed Oct 30, 2019 12:15 pm
Forum: Personal Investments
Topic: Universal Life Policy Help
Replies: 15
Views: 898

Re: Universal Life Policy Help

Can anyone tell me the downside of putting some $ in here to take advantage of the 4% interest? The interest rate has stayed at 4% going all the way back to 2013. We just evaluated a very similar policy we have had for many years. The rate, for comparison purposes needs to be reduced by any expense...
by 557880yvi
Tue Oct 29, 2019 9:04 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1966
Views: 325564

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

The Schwab bonus offer ad says in fine print, that a 1099 will be issued for the bonus(es) - meaning this is taxable income. I spoke to the local Schwab office where we are considering moving funds to from Vanguard (which will get the maximum bonus currently offered). They told me that the way they ...
by 557880yvi
Thu Oct 24, 2019 6:25 pm
Forum: Personal Investments
Topic: Dropping UL Policy with Cash Accumulation Fund -- what next?
Replies: 10
Views: 749

Re: Dropping UL Policy with Cash Accumulation Fund -- what next?

Very similar situation. Me and my husband have Flexible UL policies that are almost 35 years old (USAA). The cash values are now equal to the insurance, which we no longer need. Although we can keep them in force to accumulate more cash value for the next 30 or so years to leave to our beneficiaries...
by 557880yvi
Thu Oct 24, 2019 9:57 am
Forum: Personal Investments
Topic: Benefits of Flagship Status at Vanguard?
Replies: 65
Views: 7473

Re: Benefits of Flagship Status at Vanguard?

For anyone who has reached the $5M + Flagship Select - have you used the estate planning/investment advice services (not sure if there are fees for these or provided free with that level) and have the services been beneficial? Found with a prior broker that any useful component of similar service ca...
by 557880yvi
Tue Oct 22, 2019 7:29 pm
Forum: Personal Investments
Topic: Fidelity Disclosed Personal Account Information
Replies: 20
Views: 2689

Re: Fidelity Disclosed Personal Account Information

I am curious as I have never heard of this... has this actually happened to you or someone you know for making a legitimate complaint about marketing calls? If so, at which brokerage if you don’t mind sharing. OP - your post makes a good case for not sharing work numbers with brokerage firms. Yes, ...
by 557880yvi
Tue Oct 22, 2019 6:29 pm
Forum: Personal Investments
Topic: Fidelity Disclosed Personal Account Information
Replies: 20
Views: 2689

Re: Fidelity Disclosed Personal Account Information

No matter how many times Fidelity (the High Net Worth group) was told to not call us at home or at work (personal cells, home phone when we had one and work cells) they continually did so. And yes, work cell phone Voicemail was company property and was monitored. The calls came during the work day. ...
by 557880yvi
Mon Oct 21, 2019 10:49 am
Forum: Personal Investments
Topic: Considering switch from Vanguard to eTrade...pros, cons and other input?
Replies: 57
Views: 4550

Re: Considering switch from Vanguard to eTrade...pros, cons and other input?

The original post could have be me writing it. LT Vanguard customers, retired early about 16 mos ago - now super PO'd with Vanguard after consolidating > $3 million in assets from Fidelity, TIAA, Am Century and a few other smaller employer plans last year after being enticed with the Advantage Accou...
by 557880yvi
Thu Oct 17, 2019 9:32 am
Forum: Personal Investments
Topic: Help critique Schwab recommendations
Replies: 15
Views: 1375

Re: Help critique Schwab recommendations

Preying on people who don't know better is the fundamental business model of the advisory industry, with some laudable exceptions. [/quote] Could anyone share the "Laudable Exceptions"? Like the original post, I have a sibling who has been grossly taken advantage of by "advisors" and would like to ...
by 557880yvi
Wed Oct 16, 2019 6:49 pm
Forum: Personal Finance (Not Investing)
Topic: How to avoid Medicare IRMAA Surcharge
Replies: 72
Views: 5574

Re: How to avoid Medicare IRMAA Surcharge

If you are thinking $168,000 taxable income (staying in the 22% bracket), that will put you over the $170,000 MAGI for IRMAA and you will go into an IRMAA tier. How will $168,000 of Taxable Income (assume this is referring to AGI) put you over the $170,000 MAGI? Is there an assumption of the existe...
by 557880yvi
Wed Oct 16, 2019 12:50 pm
Forum: Personal Investments
Topic: Mechanics of Roth conversion at Vanguard
Replies: 11
Views: 1062

Re: Mechanics of Roth conversion at Vanguard

following - when we converted last year (Dec 18) we could not do an asset transfer, had to sell, move cash, reinvest (of course, exposing one to reinvestment risk) Perhaps this had to do with the type of account - there have been so many account type changes at Vanguard.
by 557880yvi
Thu Oct 10, 2019 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Capital Loss on Sale of Inherited House
Replies: 11
Views: 1221

Re: Capital Loss on Sale of Inherited House

cowdogman wrote:
Thu Oct 10, 2019 9:44 am
Watty wrote:
Wed Oct 09, 2019 9:14 pm
I don't see why the IRS would target capital losses any more than capital gains.
Because you PAY taxes on gains. Losses REDUCE taxes. So there is incentive to manufacture losses that don't exist so they look for these situations.
by 557880yvi
Wed Oct 09, 2019 8:29 pm
Forum: Personal Finance (Not Investing)
Topic: Capital Loss on Sale of Inherited House
Replies: 11
Views: 1221

Re: Capital Loss on Sale of Inherited House

I disagree about the appraisal. The best indication of FMV is an arm’s length sale within a reasonable time after DOD. Use the sales price as your stepped up basis. Don’t waste your money on an appraisal. Gill The key is "reasonable time" - the IRS does not define this - and how much change there h...
by 557880yvi
Wed Oct 09, 2019 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Capital Loss on Sale of Inherited House
Replies: 11
Views: 1221

Re: Capital Loss on Sale of Inherited House

Following, my sister inherited a house (in its entirety so not split with anyone else) late 2018 and it was sold in Aug 2019. This is research I did for her on establishing the capital gains taxes/(loss). FMV for Basis: The basis of an inherited home is generally the  Fair Market Value (FMV) of the ...
by 557880yvi
Wed Oct 09, 2019 5:14 am
Forum: Investing - Theory, News & General
Topic: Press Release 10/1/19--Vanguard Adds To Its Active Lineup With Launch Of International Core Stock Fund
Replies: 68
Views: 7309

Re: Press Release 10/1/19--Vanguard Adds To Its Active Lineup With Launch Of International Core Stock Fund

[Title was "Vanguard Expands Active Roster With Proposed International Core Stock Fund" The fund has been launched, see below. --admin LadyGeek] Press Release by Vanguard 7/18/2019 I didn't see anything on the forum regarding this https://pressroom.vanguard.com/news/Press-Release-Vanguard-Files-for...
by 557880yvi
Tue Oct 08, 2019 12:16 pm
Forum: Personal Investments
Topic: Taxable investment account for college?
Replies: 114
Views: 6350

Re: Taxable investment account for college?

Just my 2 cents worth having worked in higher ed for the past 12 years. 1. Many in higher ed (we talk about this incessantly) believe that college education or "higher education" as we know it is going to undergo a major paradigm shift in the next 10 years - we are already seeing it happen at the ro...
by 557880yvi
Tue Oct 08, 2019 7:34 am
Forum: Investing - Theory, News & General
Topic: Press Release 10/1/19--Vanguard Adds To Its Active Lineup With Launch Of International Core Stock Fund
Replies: 68
Views: 7309

Vang 1-15 Oct "Subscription" VZICX (Admiral) Int'l Core Stock Fund,

[Merged into here - mod oldcomputerguy] Good morning - logged into my Vanguard account this morning to an ad on the home page that said they are offering a "Subscription" period 1-15 Oct for 2 International Core Stock Funds to be managed by Wellington Management Company LLP: VWICX - Investor shares...
by 557880yvi
Sat Oct 05, 2019 9:09 pm
Forum: Personal Investments
Topic: Family Finances
Replies: 18
Views: 3110

Re: Family Finances

My current life environment took a tragic turn several months ago. In July my wife was diagnosed with a brain tumor (Glioblastoma). There is no cure for this and the prognosis is that anywhere from 6-18 month with surgery and radiation. We also have two boys, one who is in college and the other in ...
by 557880yvi
Sat Oct 05, 2019 7:35 pm
Forum: Investing - Theory, News & General
Topic: How many are switching from Fidelity?
Replies: 140
Views: 15846

Re: How many are switching from Fidelity?

Schwab is offering you a promo: https://www.schwab.com/public/schwab/nn/investor_reward.html Bonus tiers: $200 bonus for $50,000–$99,999 deposit $300 bonus for $100,000–$249,999 deposit $600 bonus for $250,000–$499,999 deposit $1,200 bonus for $500,000–$999,999 deposit $2,500 bonus for $1,000,000+ ...
by 557880yvi
Sat Oct 05, 2019 8:24 am
Forum: Personal Finance (Not Investing)
Topic: switching primary and secondary on ACA when one person going on Medicare
Replies: 4
Views: 397

Re: switching primary and secondary on ACA when one person going on Medicare

I just met with an enrollment counselor at the MA Health Connector (for ACA subsidized healthcare until we reach 65 in a couple of years). She confirmed that the younger spouse (husband younger by 6 mos - we both turn 65 same year) should be the primary applicant. I would just "roll off" onto Medica...
by 557880yvi
Fri Oct 04, 2019 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: Retirees: How do you handle quarterly tax payments?
Replies: 45
Views: 3681

Re: Retirees: How do you handle quarterly tax payments?

[/quote] I believe that you don't get anything, but you can sign in to your EFTPS account and look at the transaction history to see what you should enter on your tax return. [/quote] When I was self-employed for a time and used EFTPS, I just kept screen shots of the payments, then copies of bank st...
by 557880yvi
Fri Oct 04, 2019 5:53 am
Forum: Personal Finance (Not Investing)
Topic: Retirees: How do you handle quarterly tax payments?
Replies: 45
Views: 3681

Re: Retirees: How do you handle quarterly tax payments?

Just take 110% of what you paid the previous year and divide by 4 to avoid underpayment penalties. This assumes same income as previous year + inflation/tax increases. But If income is 95% less than prior years and will continue that way for at least 2+ years more (and until a ROTH conversion is ev...
by 557880yvi
Thu Oct 03, 2019 8:38 pm
Forum: Personal Finance (Not Investing)
Topic: Retirees: How do you handle quarterly tax payments?
Replies: 45
Views: 3681

Re: Retirees: How do you handle quarterly tax payments?

Probably not your situation but if you had income of 24K in Q1 and no other income you would owe nothing since std deduction of 24K+ would make taxable income 0. However if you stick that income in Sch AI, it looks like you are going to earn 96K for the yr and will owe something so IRS thinks you s...
by 557880yvi
Thu Oct 03, 2019 7:06 pm
Forum: Personal Finance (Not Investing)
Topic: Retirees: How do you handle quarterly tax payments?
Replies: 45
Views: 3681

Re: Retirees: How do you handle quarterly tax payments?

If you wait until Jan 15, 2020 to pay estimated taxes, then you could be charged underpayment penalties. Those penalties could be reduced or eliminated by filing Form 2210 with Schedule AI completed. Not sure I understand how one could underpay taxes if you had zero tax liability until say Dec 30th,...
by 557880yvi
Thu Oct 03, 2019 5:52 pm
Forum: Personal Investments
Topic: Defer ROTH conversions for 3 years to get subsidized health insurance in MA?
Replies: 14
Views: 1123

Re: Defer ROTH conversions for 3 years to get subsidized health insurance in MA?

When I tried running through things manually, I thought my head was going to explode. In the end, I threw in the towel and used an online service, Income Strategy. It was reasonably priced ($20/month) and fairly easy to use. I was able to model ACA income limits, various Roth conversion strategies, ...
by 557880yvi
Thu Oct 03, 2019 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: Retirees: How do you handle quarterly tax payments?
Replies: 45
Views: 3681

Re: Retirees: How do you handle quarterly tax payments?

For the Safe Harbor, a question- we had a high income last year, retired mid-year then did ROTH conversions to fill up a bracket and paid about $70k in Federal taxes. But this year we have no earned income, less than $20k taxable dividends. We are waiting to see if the market continues to decline to...
by 557880yvi
Thu Oct 03, 2019 2:01 pm
Forum: Personal Investments
Topic: Defer ROTH conversions for 3 years to get subsidized health insurance in MA?
Replies: 14
Views: 1123

Re: Defer ROTH conversions for 3 years to get subsidized health insurance in MA?

Many thanks to all for the insights, information has been invaluable. Understanding the IRMAA and seeing the CLIFF tables really put that into perspective and it's clear that you don't want to go just over the edge. Will be updating my models and now feel better about how to make the decision.
by 557880yvi
Thu Oct 03, 2019 10:36 am
Forum: Personal Investments
Topic: Defer ROTH conversions for 3 years to get subsidized health insurance in MA?
Replies: 14
Views: 1123

Re: Defer ROTH conversions for 3 years to get subsidized health insurance in MA?

[/quote] Did you review his question about IRMAA? [/quote] No I didn't so thank you! I knew the premiums would be a bit higher but not that I have read up on this realize the impact can be significant and will figure out how to model the difference (believe adding the net difference between taxes on...