Search found 159 matches

by HeelaMonster
Wed May 06, 2020 8:15 pm
Forum: Personal Finance (Not Investing)
Topic: Capital One 360 Savings Promo
Replies: 108
Views: 13111

Re: Capital One 360 Savings Promo

From the CO website: Open a 360 Performance Savings account between 12:00 a.m. ET on April 16, 2020, and 11:59 p.m. ET on May 31, 2020. When you open your account, enter your promotional code—SCORE500. If you have or had an open savings and/or money market account ( excluding CDs, IRA savings accou...
by HeelaMonster
Wed May 06, 2020 6:58 pm
Forum: Personal Finance (Not Investing)
Topic: Capital One 360 Savings Promo
Replies: 108
Views: 13111

Re: Capital One 360 Savings Promo

Thanks for the tip on this promo. Just to confirm my understanding.... am I correct that this must be new money to Capital One, and not simply a transfer from one Capital One account to another (e.g., moving from existing MM to new savings account)?
by HeelaMonster
Mon May 04, 2020 8:30 am
Forum: Personal Finance (Not Investing)
Topic: Best CD rates thread
Replies: 709
Views: 93769

Re: Best CD rates thread

Katietsu wrote:
Sun May 03, 2020 11:41 pm
Unfortunately, this feature had to set up within the first 30 days of opening the account. You also had to be adding in the set amount on the given day every month or every payday.
That's what I was thinking, so no shock. Thanks for confirming.
by HeelaMonster
Sun May 03, 2020 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: Please help me unravel my parents mess
Replies: 55
Views: 6709

Re: Please help me unravel my parents mess

First, your parents need to spend a year documenting everything they spend. $180k plus the short term teaching result in a boatload of income. But that doesn't mean that they spend $180k a year of $40k a year. We have no idea and likely, neither do they. This can be relatively simple. Every month, ...
by HeelaMonster
Sun May 03, 2020 8:28 pm
Forum: Personal Finance (Not Investing)
Topic: Best CD rates thread
Replies: 709
Views: 93769

Re: Best CD rates thread

PSECU CD's addon option allows you to add money periodically to the CD. Any money added will earn the APY of the CD. I am using the addon option to add money to the CD monthly. I thought I would share what I learnt. o Money needs be available in the source account the day before (because the money ...
by HeelaMonster
Fri Apr 24, 2020 12:43 pm
Forum: Personal Investments
Topic: Can't turn off dividend reinvestment with Vanguard
Replies: 20
Views: 1445

Re: Can't turn off dividend reinvestment with Vanguard

Yes, its a legacy roth account. is there a way to upgrade this to the new brokerage style account? Or is that not recommended? You should see a "Upgrade" link near the account header/title. If so, you can click it and start the conversion process. It takes a few days, so you won't be able to trade ...
by HeelaMonster
Wed Apr 22, 2020 1:26 pm
Forum: Personal Investments
Topic: Retirees: Walk me thru your portfolio drawdown process
Replies: 39
Views: 3687

Re: Retirees: Walk me thru your portfolio drawdown process

The whole process of conversions is an exercise in estate management for the kids, so I do not consider it a big priority. Why should I pay taxes now so that the little ******* s can inherit big Roths tax free? Let them learn the ins and outs of tax avoidance the hard way, like I did! RMDs and SS l...
by HeelaMonster
Wed Apr 22, 2020 4:34 am
Forum: Personal Investments
Topic: Another tax loss harvest question
Replies: 28
Views: 1370

Re: Another tax loss harvest question

That part had nothing to do with TLH, other than eliminating a potential source of future wash sale complexity. The TLH would be selling VTI in taxable. Thanks, nps! I wrongly assumed that the first line was describing the "triggering event," rather than just clearing the deck for future hypothetic...
by HeelaMonster
Wed Apr 22, 2020 4:25 am
Forum: Personal Investments
Topic: query on 401k to Roth 401k conversion
Replies: 9
Views: 417

Re: query on 401k to Roth 401k conversion

As others have noted/corrected, the ability to do in-plan conversions will be company (plan) specific. This has been one of the complaints about the federal Thrift Savings Plan, which had been lobbied to allow in-plan conversions to Roth. But some employer plans do allow.... https://www.investopedia...
by HeelaMonster
Wed Apr 22, 2020 4:13 am
Forum: Personal Investments
Topic: Another tax loss harvest question
Replies: 28
Views: 1370

Re: Another tax loss harvest question

Last Friday, in my ROTH account, I sold all shares of VTSAX (Vanguard total stock market fund) , and today purchased SWTSX (SCHWAB Total Stock Market fund). Today, In my taxable account, I purchased VTI. If VTI goes down, can I sell it and purchase ITOT to TLH, or would I need to wait 30 days? I se...
by HeelaMonster
Mon Apr 20, 2020 12:04 pm
Forum: Personal Investments
Topic: How to put $100K into the market now?
Replies: 34
Views: 3719

Re: How to put $100K into the market now?

The consensus seems to be that, given 25 years to retirement, it doesn't much matter how they get back into the market. If that was an easy question, let me make it slightly more interesting, with one single tweak: Same scenario and question as the OP but, rather than 25 years out, just started reti...
by HeelaMonster
Tue Apr 14, 2020 2:12 pm
Forum: Personal Investments
Topic: Over-contributed to TSP/403b
Replies: 13
Views: 443

Re: Over-contributed to TSP/403b

So you meant to say you contributed $4k to Roth TSP, instead of Roth IRA in the above sentence? So your excess contribution is actually $8k, not $4k? IF YOU CHOOSE TO DO NOTHING: - The $4k that you contributed in excess to Traditional accounts will be double taxed, during withdrawal, as I mentioned...
by HeelaMonster
Mon Apr 13, 2020 10:01 am
Forum: Personal Investments
Topic: Over-contributed to TSP/403b
Replies: 13
Views: 443

Re: Over-contributed to TSP/403b

Your Roth IRA is actually short by $2k you might want to add the remainder before July 15th to max it out. That has nothing to do with the excess deferral to TSP + 403b. Aha, good point. I read the OP ("...over-contributed to my TSP (traditional and Roth) and/or my 403b...") and subsequent reply to...
by HeelaMonster
Mon Apr 13, 2020 9:14 am
Forum: Personal Investments
Topic: Over-contributed to TSP/403b
Replies: 13
Views: 443

Re: Over-contributed to TSP/403b

You might confirm this directly with your specific plans (the last I saw, TSP was "working on implementing changes").... but the COVID-19 Stimulus Bill extended the date for contributing to IRAs and HSAs. The deadline for 2019 contributions is now July 15, and not April 15, same as tax filing deadli...
by HeelaMonster
Fri Apr 10, 2020 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: Any point in contributing to a nondeductible IRA?
Replies: 16
Views: 777

Re: Any point in contributing to a nondeductible IRA?

Got it. Thank you all! This seems quite clear: do it, and then convert to Roth. I have this all at Vanguard, where it should be quite easy to do. Yes, just don't let it fester as a traditional or you'll forget about it and it will complicate things down the road. THIS. I do this on an annual basis,...
by HeelaMonster
Thu Apr 09, 2020 10:47 am
Forum: Personal Investments
Topic: Roth IRA - Long Time Horizon
Replies: 7
Views: 482

Re: Roth IRA - Long Time Horizon

First, good on you for starting out early and looking ahead! That bodes well. I would second (or third) the advice you've already gotten to keep it simple. I started investing at about your age, and made the mistake of thinking I was "diversifying" by having lots of funds. Even worse, I had lots of ...
by HeelaMonster
Tue Apr 07, 2020 1:32 pm
Forum: Personal Investments
Topic: First Time TLH
Replies: 18
Views: 851

Re: First Time TLH

No reason not to sell all lots. What are you going to do with the money you get from selling? "You tell me!" Seriously, that was one of many questions. I don't mind ending up back in VTSAX for the long haul. But am I correct that I must wait 31 days to avoid a wash sale? SCHB doesn't attempt to tra...
by HeelaMonster
Tue Apr 07, 2020 9:29 am
Forum: Personal Investments
Topic: TLH of 6-figure loss?
Replies: 68
Views: 5042

Re: TLH of 6-figure loss?

This is a really helpful thread. I appreciate everyone sharing their experience.
by HeelaMonster
Tue Apr 07, 2020 9:11 am
Forum: Personal Investments
Topic: First Time TLH
Replies: 18
Views: 851

Re: First Time TLH

Thanks to all for the replies. :sharebeer
by HeelaMonster
Mon Apr 06, 2020 10:44 pm
Forum: Personal Investments
Topic: First Time TLH
Replies: 18
Views: 851

Re: First Time TLH

One thing that still remains murky for me is the impact of dividends, which have been reinvested. As above, the most recent distribution from VTSAX occurred on March 25th, for $564. 1. My understanding is that automatic reinvesting of dividends can accidentally trigger a wash sale, but I'm not conne...
by HeelaMonster
Mon Apr 06, 2020 6:50 pm
Forum: Personal Investments
Topic: First Time TLH
Replies: 18
Views: 851

Re: First Time TLH

Yes, you must wait 31 days to buy VTSAX again. But you can buy something else with the money. If you don't buy something else, then do you see how you might miss days like today when things really pop? Since you have read the Wiki article and other threads, then I should not have to tell you more, ...
by HeelaMonster
Mon Apr 06, 2020 6:28 pm
Forum: Personal Investments
Topic: First Time TLH
Replies: 18
Views: 851

Re: First Time TLH

livesoft wrote:
Mon Apr 06, 2020 6:20 pm
No reason not to sell all lots. What are you going to do with the money you get from selling?
"You tell me!" Seriously, that was one of many questions. I don't mind ending up back in VTSAX for the long haul. But am I correct that I must wait 31 days to avoid a wash sale?
by HeelaMonster
Mon Apr 06, 2020 6:17 pm
Forum: Personal Investments
Topic: First Time TLH
Replies: 18
Views: 851

First Time TLH

I suspect that, like most other things in life, tax loss harvesting will become easier after I've done it a few times! But this is my first attempt, at least on this scale, and I don't want to mishandle (especially in the current environment). I have reviewed the Wiki article and a few old threads, ...
by HeelaMonster
Wed Apr 01, 2020 4:20 pm
Forum: Personal Investments
Topic: Change 401k contributions from traditional to Roth?
Replies: 18
Views: 969

Re: Change 401k contributions from traditional to Roth?

Decision between traditional 401k and Roth is a matter of "tax rate" including everything such as IRMAA. However, in the case of a wash between the two, isn't it better to contribute to traditional in the down market because you get more shares? Not arguing with that (because I'm not certain of the...
by HeelaMonster
Wed Apr 01, 2020 12:19 pm
Forum: Personal Investments
Topic: Change 401k contributions from traditional to Roth?
Replies: 18
Views: 969

Re: Change 401k contributions from traditional to Roth?

Decision between traditional 401k and Roth is a matter of "tax rate" including everything such as IRMAA. However, in the case of a wash between the two, isn't it better to contribute to traditional in the down market because you get more shares? Not arguing with that (because I'm not certain of the...
by HeelaMonster
Sun Mar 29, 2020 3:17 pm
Forum: Investing - Theory, News & General
Topic: The end of cruise ships [cruise line stock prices]
Replies: 246
Views: 26251

Re: The end of cruise ships

Do any of you naysayers have any statistics to base the claims that cruises are so dirty? I've been on quite a few cruises now from Carnival and RCL and I've never gotten sick nor has anyone in my party. I've been on small and medium sized ships so far, but can't wait to get on one of the mega crui...
by HeelaMonster
Wed Mar 25, 2020 3:24 pm
Forum: Personal Investments
Topic: Baby conversions tIRA->Roth worth it?
Replies: 17
Views: 612

Re: Baby conversions tIRA->Roth worth it?

I believe "every little bit helps," and am doing the same. Smaller amount now to take advantage of depressed price per share, with larger amount to follow toward end of year, when I have clear picture of yearly income.
by HeelaMonster
Wed Mar 18, 2020 5:12 pm
Forum: Investing - Theory, News & General
Topic: Deploying your emergency fund to buy stocks? Think again.
Replies: 183
Views: 29612

Re: Deploying your emergency fund to buy stocks? Think again.

No - that is not reckless because you can afford it and have thought it through. What is reckless are when people empty out EF's and go the HELOC or other borrowing measures. I am in a like situation - currently 80K sitting locked and loaded in a settlement fund. My Emergency fund is untouched. I a...
by HeelaMonster
Wed Mar 18, 2020 5:02 pm
Forum: Personal Investments
Topic: Early Retired and Seeking Roth Conversion Advice
Replies: 4
Views: 305

Re: Early Retired and Seeking Roth Conversion Advice

I am just in the middle of this process now, for the first time (I say "middle" because it is a multi-step process). As others have said, start with the administrator for your 401k plan, which should provide guidance. Make sure you are requesting a "transfer" or "direct rollover" from plan to plan, ...
by HeelaMonster
Wed Mar 11, 2020 8:37 am
Forum: Personal Finance (Not Investing)
Topic: Form 8606 Help
Replies: 6
Views: 524

Re: Form 8606 Help

This is my first time doing a non-deductible traditional IRA contribution, which was done with $6,000 (maximum allowed) after January 1st, 2020, for the tax year 2019. I have not had in the past and do not currently have any other IRAs. I will open a Roth IRA soon and Roth convert the basis I just ...
by HeelaMonster
Sat Feb 22, 2020 2:38 pm
Forum: Personal Investments
Topic: Roth withdrawal requires tax withholding. Why?
Replies: 16
Views: 1463

Re: Roth withdrawal requires tax withholding. Why?

tadamsmar wrote:
Sat Feb 22, 2020 1:09 pm
I will have to start taking RMDs pretty soon, I am 69.
I haven't seen anyone else mention/clarify this, but you should not be subject to RMDs until the year you turn *72*... with changes under the SECURE act. No longer 70.5, unless you reached that age before Jan 1, 2020.
by HeelaMonster
Fri Feb 21, 2020 10:37 pm
Forum: Personal Investments
Topic: Roth Conversions - income levels/tax % levels - is there a cutoff rule?
Replies: 20
Views: 1861

Re: Roth Conversions - income levels/tax % levels - is there a cutoff rule?

currently holding little over $2m in IRA plus $2m in non-IRA so in 8 yrs RMDs could be large without some roth activity. John, Just to be clear, does the "...$2m in non-IRA..." mean $2m in taxable accounts, or $2m in tax-advantaged accounts other than IRA (e.g., 401k or 403b)? In either case, $2m i...
by HeelaMonster
Fri Feb 21, 2020 12:43 pm
Forum: Personal Investments
Topic: Roth Conversions - income levels/tax % levels - is there a cutoff rule?
Replies: 20
Views: 1861

Re: Roth Conversions - income levels/tax % levels - is there a cutoff rule?

As Admiral said, the answer will depend on your personal circumstances, and will not be the same for all. Those circumstances include other sources of income, current vs future tax rates, size of eventual RMDs, etc, etc. For my (our) personal circumstances, the "sweet spot" (cutoff) is to stay below...
by HeelaMonster
Wed Jan 22, 2020 3:59 pm
Forum: Personal Investments
Topic: TSP G or F fund for money not needed for 8-16 years?
Replies: 29
Views: 1938

Re: TSP G or F fund for money not needed for 8-16 years?

Backofbeyond, Thanks for additional details. With that clarification, I'd be inclined to put my entire TSP in Lifecycle 2030, and let it "dial down." By January 2029, you will have over 60% in G and F funds, combined, having arrived there on a gradual glide path. Of course, this is easy for me to re...
by HeelaMonster
Wed Jan 22, 2020 12:07 pm
Forum: Personal Investments
Topic: TSP G or F fund for money not needed for 8-16 years?
Replies: 29
Views: 1938

Re: TSP G or F fund for money not needed for 8-16 years?

I plan on retiring from Civil Service at age 62, with 38 years of service in. I'm under the FERS system. I plan on stashing enough in either/both G or F to cover me until I begin collecting SS at age 70.5. I will begin drawing on those funds in 8 years and then continue to draw on those funds for a...
by HeelaMonster
Mon Jan 20, 2020 6:14 pm
Forum: Personal Investments
Topic: Delaware Statutory Trust (DST) for 1031 Exchange
Replies: 3
Views: 286

Re: Delaware Statutory Trust (DST) for 1031 Exchange

And same questions for this alternative, as long as we're exploring. Unfortunately, the acronym is the same, but this DST stands for "Deferred Sales Trust," which appears to be a horse of a different color? https://www.kiplinger.com/article/real-estate/T055-C032-S014-a-real-estate-exit-strategy-that...
by HeelaMonster
Mon Jan 20, 2020 4:20 pm
Forum: Personal Investments
Topic: Delaware Statutory Trust (DST) for 1031 Exchange
Replies: 3
Views: 286

Delaware Statutory Trust (DST) for 1031 Exchange

I am wondering if any Bogleheads have experience with investing in a pool of commercial property, through a 1031 exchange? We own two single family rental properties. This has been fine, especially while we have reliable tenants, but eventually (perhaps sooner than later!) we will tire of the landlo...
by HeelaMonster
Wed Jan 15, 2020 7:31 pm
Forum: Personal Investments
Topic: Reversing IRA contribution
Replies: 4
Views: 216

Re: Reversing IRA contribution

Thanks to Silk and kaneohe... good tips! :sharebeer
by HeelaMonster
Wed Jan 15, 2020 6:15 pm
Forum: Personal Investments
Topic: Reversing IRA contribution
Replies: 4
Views: 216

Reversing IRA contribution

I am trying to help my daughter sort out an IRA misstep. She is a couple years out of college, still very low income while she figures out how to earn money with that liberal arts degree, but already a good saver. She has a traditional IRA with VG, to which she has contributed as follows: $5500 in 3...
by HeelaMonster
Mon Jan 13, 2020 10:52 am
Forum: Personal Investments
Topic: Ready to invest in the stock market for the first time in my life
Replies: 95
Views: 5901

Re: Ready to invest in the stock market for the first time in my life

You know, that's so interesting, how you talk about the psychological reasons for believing one can "beat the market" even though no one else can... to be honest, that's exactly how I feel, haha! I'll be honest with you... I'm totally new to this world, and I can acknowledge that my feelings are pr...
by HeelaMonster
Thu Dec 12, 2019 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: Tiaa creft 403B rollover to Vanguard pros and cons
Replies: 18
Views: 1337

Re: Tiaa creft 403B rollover to Vanguard pros and cons

DW had multiple TIAA-CREF 403b accounts. Most were eligible for direct rollover to an IRA and those funds are now at Vanguard (mostly to minimize fees and complexity.) The funds she had invested directly in TIAA Traditional could only be disbursed over a 10-year period, and we're doing so. This is ...
by HeelaMonster
Tue Dec 10, 2019 10:11 pm
Forum: Personal Finance (Not Investing)
Topic: Reconciling cost basis with pre-2012 records
Replies: 7
Views: 567

Re: Reconciling cost basis with pre-2012 records

HeelaMonster, I'm impressed by your detective work. That's a lot of years worth of statement to sift through! It's interesting to see the ratio of invested money versus capital gains distributions. Thanks, Doc It wasn't that bad once I got in a rhythm, but I was glad that I still had 40 years of ta...
by HeelaMonster
Tue Dec 10, 2019 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: Reconciling cost basis with pre-2012 records
Replies: 7
Views: 567

Re: Reconciling cost basis with pre-2012 records

In the 1099 you will receive from Fidelity in early 2020, Fidelity will break the share sale into two groups--covered and uncovered shares (post-12/31/2011 and up to 12/31/2011). Fidelity will provide the cost basis for the covered shares and will be silent on the cost basis for the uncovered share...
by HeelaMonster
Tue Dec 10, 2019 4:17 pm
Forum: Personal Investments
Topic: Inheritance in wife’s name or both spouses?
Replies: 78
Views: 6389

Re: Inheritance in wife’s name or both spouses?

^^there are quite a few articles on the web about step up and community property states such as: https://www.calcpa.org/public-resources/ask-a-cpa/home-property/tax-issues/do-i-get-a-step-up-on-my-securities-on-the-death-of-a-spouse https://www.barrons.com/articles/how-community-property-states-are...
by HeelaMonster
Tue Dec 10, 2019 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: Reconciling cost basis with pre-2012 records
Replies: 7
Views: 567

Reconciling cost basis with pre-2012 records

I am looking ahead to filing taxes for the current year, and I suspect others have already dealt with this situation. As discussed in another thread, I am working to sell off several old (really old) mutual funds with high expenses and narrow scope. These were started in the early 1980s, before we d...
by HeelaMonster
Tue Dec 10, 2019 3:22 pm
Forum: Personal Investments
Topic: Inheritance in wife’s name or both spouses?
Replies: 78
Views: 6389

Re: Inheritance in wife’s name or both spouses?

Other than divorce, still reading thru this thread to see what these legal advantages are...(at least for us, in a Community Property state, which gets stepped-up basis on death of one spouse ) Could someone speak to this last point further? If I am reading correctly, the implication is that surviv...
by HeelaMonster
Fri Dec 06, 2019 2:50 pm
Forum: Investing - Theory, News & General
Topic: Tax Deferred : Taxable : Tax Free
Replies: 224
Views: 14170

Re: Tax Deferred : Taxable : Tax Free

47:33:20 (TD:T:TF)

With Roth conversions starting next year...
by HeelaMonster
Thu Nov 28, 2019 10:12 am
Forum: Personal Investments
Topic: Options for old 403b annuity
Replies: 3
Views: 303

Re: Options for old 403b annuity

lakpr wrote:
Wed Nov 27, 2019 11:55 pm
Option 2 or option 4.
Those were my picks, as well, so I'm glad to have confirmed! Any other opinions?

Happy Thanksgiving to all.
by HeelaMonster
Wed Nov 27, 2019 10:37 pm
Forum: Personal Investments
Topic: Options for old 403b annuity
Replies: 3
Views: 303

Options for old 403b annuity

I raised this scenario briefly in another thread, but have now tracked down info on options, and would value your input. Many years ago, my wife invested in a 403b tax deferred annuity with Prudential, through a school system several moves in the past and several states away. She contributed $11,700...
by HeelaMonster
Tue Nov 26, 2019 5:23 pm
Forum: Personal Investments
Topic: Question on cost basis/capital gains in taxable acct
Replies: 17
Views: 1280

Re: Question on cost basis/capital gains in taxable acct

On a related note, am I correct in my understanding that..... IF one intends to sell the ENTIRETY (100%) of the asset in question, in one single transaction.... then the method used to calculate cost basis becomes irrelevant? That is, the capital gains tax will be the same, regardless of method, bec...