Bogleheads.org

Zanmar

My original question is what are the Brokered CD's investing my money/their money in to pay out 5% for 3 to 5 years duration.

Zanmar

jebmke wrote: ↑Sun Mar 19, 2023 5:49 pm
Zanmar wrote: ↑Sun Mar 19, 2023 5:47 pm https://personal.vanguard.com/us/FixedIncomeHome

Looking at the longer terms. And I realize these could be Callable. What are these CDs investing in?
I would guess they are making more than they are paying out.
They are loans to banks from you. FDIC insured up to the limit. Banks would normally need to make more money than they pay lenders (depositors) or they wouldn't survive.

I looked further down the chart. So investment grade corporates most likely?

Zanmar

https://personal.vanguard.com/us/FixedIncomeHome

Looking at the longer terms. And I realize these could be Callable. What are these CDs investing in?
I would guess they are making more than they are paying out.

Zanmar

Raven9 wrote: ↑Sun Mar 19, 2023 4:07 pm No. Just wondering if it would be more advantageous to take advantage of some of the decent online high-yield savings accounts while the gettin's good! Close to 5%.

https://personal.vanguard.com/us/FixedIncomeHome

Your broker will have similar rates.

Zanmar

OP you mentioned you were over 60. The 5 year rule does not apply. https://www.bogleheads.org/wiki/Roth_IRA#top-page

If you are comfortable and happy at Vanguard why not move the Roth there? Are they any fees where your Roth is now?
Are there Income Investment options? CD's or T-Bills

Zanmar

I seem to run into this problem with Vanguard usually from sometime Friday night to anytime thru the rest of the weekend.
It will let you reset your password. And most of the time the new password will not work either.
I am just assuming that Vanguard is doing IT/computer work or maintenance. A courtesy screen would be nice, but why would Vanguard do that?!!!
So they just default to not accepting your password at such times.

If you try too many times. Of course you will be locked out!

Zanmar

Just received a corrected 1099 from TDA this week. I noticed the first one seemed to be missing a couple of the usual lines so was kind of expecting another one. Believe it or not one year I received 5 different 1099's for the same TDA account over a couple of months. One of them was a month after the filing deadline.

Zanmar

Hi Tim,

I used the Tax Estimator on OLT.com Its about half way down the page and is still the 2022 version. I used that to compare what the prior year version of Turbotax was giving me when i was estimating my 2022 taxes last year.

You could use the free versions on freetaxusa.com or olt.com for 2022 to estimate for 2023.

Zanmar

Thanks everyone. I did notice some clarity improvements in TT this year. Still some cloudy parts too. Opened the previous year TT 2021 and had to wait for an update today.

Zanmar

Age 65. First time running into this on TT. I did my first ever Roth conversion in 2022. TT is asking me for the 2022 year end total of my IRAs.
Do i put just the regular IRA totals? Do i include the Roth Ira in this total? And what about my 401K, where does that fit in? Is this just part of the TT process or does the IRS want this year end total? I get that the year end number is needed for the RMD calculations.

Zanmar

dbr wrote: ↑Wed Jan 25, 2023 1:59 pm
Zanmar wrote: ↑Wed Jan 25, 2023 1:55 pm 50/50 Pension and SS will cover normal expenses.
The conversation usually does not include that, but you are astute to point out that in the real world there are also income streams, or one can create them by buying SPIAs or long termed bond ladders.

Thought it was relevant. I have been 75% or more in the market since 1985. After after retiring and reading Bernstein's Stop When You Win The Game
It eventually got thru. That and seeing posts by many others at 50/50. I would be 50/50 without the other income stream. Most likely by creating one myself after reading Taylor's posts.

Zanmar

50/50 Pension and SS will cover normal expenses.

Zanmar

livesoft wrote: ↑Thu Apr 29, 2021 12:34 pm I think the main BH approach is to have so much money invested for retirement when retired that one doesn't have to worry about any approach. Simply withdraw as needed whenever you feel like withdrawing.

+1

Zanmar

Thanks for your thoughts nisiprius and dbr.
This dialog has led me to this: What is the “Boglehead Approach” for Decumulation Phase?
viewtopic.php?t=347498

Zanmar

nisiprius wrote: ↑Wed Jan 25, 2023 12:53 pm
Zanmar wrote: ↑Wed Jan 25, 2023 12:50 pm...Balanced Fund, Wellington, Wellesley... are all bucket strategies imo.
How are those three "bucket strategies" in any sense of the word? If you are drawing from any of these funds, you are always drawing on stocks and bonds in the same proportion as they are within the fund. If you are withdrawing from the Balanced Index Fund every $1,000 you withdraw is $600 in stocks, $400 in bonds, no matter if the stock market is up or down, and no matter what your age is.

Funds are automatic rebalancing.
Buckets are manual rebalancing. Market Timing here?

Zanmar

Fritz has many articles on many different things.
https://www.theretirementmanifesto.com/ ... -strategy/

Isn't his allocation a bucket strategy too?

Balanced Fund, Wellington, Wellesley, Target Dates, Slice and Dice, and so on... are all bucket strategies imo.

Zanmar

Zanmar wrote: ↑Tue Jan 24, 2023 4:57 pm
trinc wrote: ↑Tue Jan 24, 2023 11:53 am if isolated to your computer. search .net repair tool.

i might also suggest ccleaner to scan your registry, free version & select save registry changes, or backup registry before before using ccleaner & repairing .net

Tim
Thanks Tim. PC is much faster with a clean registry. Still have same problem. I did not use the net repair tool yet.

Tim. Is it the program System Mechanic on Iolo.com or is it the Microsoft Net Framework Tool?
The last MS update did have Net Framework mentioned.

Zanmar

trinc wrote: ↑Tue Jan 24, 2023 11:53 am if isolated to your computer. search .net repair tool.

i might also suggest ccleaner to scan your registry, free version & select save registry changes, or backup registry before before using ccleaner & repairing .net

Tim

Thanks Tim. PC is much faster with a clean registry. Still have same problem. I did not use the net repair tool yet.

Zanmar

bloom2708 wrote: ↑Tue Jan 24, 2023 11:48 am Could the bank be having system issues? Doesn't sound like it is on your end.

Does the bank have an app you could try?

The bank site worked fine on a different computer. Yes they have an app.

Zanmar

Zanmar wrote: ↑Tue Jan 24, 2023 11:32 am
mrmass wrote: ↑Tue Jan 24, 2023 11:10 am
Zanmar wrote: ↑Tue Jan 24, 2023 11:09 am
bberris wrote: ↑Tue Jan 24, 2023 10:58 am Delete your cookies.
Checked and deleted. Same result.
Browser is set to clear when closed.
Right click Edge, try InPrivate
In Private - same problem.

Thanks, I will use In Private in the future.

Zanmar

Hypersion wrote: ↑Tue Jan 24, 2023 10:56 am Restart your modem and router. Maybe try a linux virtual machine.

Reset modem/router - no change. Will check lvm.

Zanmar

mrmass wrote: ↑Tue Jan 24, 2023 11:10 am
Zanmar wrote: ↑Tue Jan 24, 2023 11:09 am
bberris wrote: ↑Tue Jan 24, 2023 10:58 am Delete your cookies.
Checked and deleted. Same result.
Browser is set to clear when closed.
Right click Edge, try InPrivate

In Private - same problem.

Zanmar

bberris wrote: ↑Tue Jan 24, 2023 10:58 am Delete your cookies.

Checked and deleted. Same result.
Browser is set to clear when closed.

Zanmar

Windows 10 with Edge browser.
Stuck on .aspx logon white screen for local bank. No problems with this for the previous 2 years.
The same site works with Android devices. I do not use my phone for any financial sites.
Uninstalled the recent windows 10 update and no change.
Also installed Firefox and Chrome browsers with the same issue encountered.
Checked Youtube and had no luck so far. I am not a code programmer.
Looks like this .aspx has been an issue for some users going back 10 years or more.
The microsoft thread i found was quickly locked by microsoft for no reason i could understand. And no answer.
So if anyone can help or point me in the right direction...

Zanmar

water2357 wrote: ↑Tue Jan 10, 2023 7:43 pm My question has more to do with whether or not Vanguard completed the form appropriately. If anyone else has seen their Vanguard Brokerage 1099-R with a Roth Conversion, can you tell me if Vanguard is doing this for all Roth conversions whether or not state tax was withheld? Thanks.

Exactly the same for mine. First time for me doing a conversion. It did not change my state tax result for NJ.

Zanmar

TravelGeek wrote: ↑Wed Jan 04, 2023 2:57 pm
Zanmar wrote: ↑Wed Jan 04, 2023 2:56 pm I mark my card. Pretty sure someone switched cards at HD on me once. Took mine and gave me one back with no balance. Did not suspect anything till later.
Someone as in the cashier?

Yes. Many years past now. It was a gift card from a safety program at work. Thought it was maybe one I had used up previously. The cashier she seemed a little bit off during the transaction but I like to give the other person the benefit of the doubt that they might be having a bad day.

edit It was the outdoor seasonal section and the card was out of my sight briefly before it was given back.

Zanmar

I mark my card. Pretty sure someone switched cards at HD on me once. Took mine and gave me one back with no balance. Did not suspect anything till later.

I did have a different Retailers card with a zero balance. Got a replacement. It was a work promotion. There were a bunch of doa cards.

Zanmar

2ball wrote: ↑Sun Jan 01, 2023 7:40 pm
Zanmar wrote: ↑Sun Jan 01, 2023 7:04 pm
2ball wrote: ↑Sun Jan 01, 2023 6:43 pm When and where do I get the download code after I purchase Turbo Tax on Amazon?
The License Number is on the Your Account > Your Orders page where the TT download link is.
not seeing it there. I received the gift card already. ill try to email them

Check your email. Amazon sends one with the link to dl the software.
Or get on Amazon Chat and they will give you a link.

Zanmar

Login to Amazon.
Search Download Software Purchased
Slightly below the search window you will see a monitor with an arrow pointing down
Your digital downloads
Manage your game and software downloads.
Your downloads · Help

You would not believe how much time i spent finding this link.

Zanmar

2ball wrote: ↑Sun Jan 01, 2023 6:43 pm When and where do I get the download code after I purchase Turbo Tax on Amazon?

The License Number is on the Your Account > Your Orders page where the TT download link is.

Zanmar

Update. Vanguard Roth conversion is processing. Directpay for the taxes. The IRS always processes tax payments in record time.

TT $10. Gift Card arrived at 430am next day.

Thanks to all who responded. retiredjg, awesome post listing several options.

Zanmar

anhonymous wrote: ↑Wed Dec 28, 2022 7:30 pm Can somwobody confirm that Thai download deluxe fed and state works for both Mac and Windows? Or does Mac have a different link? I searched for it but did not find a separate product only for Mac so wanted to make sure I did not miss.

My download had both a Mac and a Windows copy in a zip file.

Zanmar

NOTE: realizing that this was a bit off of the discount topic, I reposted the message below as a new topic under https://www.bogleheads.org/forum/viewtopic.php?t=393431. Since this issue may influence a purchase decision (I would not have bought Turbotax if I knew this) I am leaving the message here, as well. ------------ I just went for Premier (for Mac), thinking their interface would make things easier with various stock sales, account transfers and Roth conversions I did this year. I am immediately unhappy with Turbotax. The last few years, I used H&R block software. Turbotax claims to be able to transfer the previous year's info from the Block PDF file. Despite trying variations and resaving files from Block, Turbotax declared eac...

Zanmar

Double Thanks! Switching back to Deluxe this year.
Already mentioned but make sure to select TT and Gift Card. 2 items will show in Cart.

Zanmar

I asked this in a similar thread but will ask here also.
For the IRS Direct Pay what reason are you using with a Roth Conversion?
Estimated Tax or something else.

Zanmar

ncbill wrote: ↑Tue Dec 27, 2022 9:33 am
livesoft wrote: ↑Tue Dec 27, 2022 4:30 am
celia wrote: ↑Tue Dec 27, 2022 4:12 amAs long as she mails in the Estimated Taxes by January 15, there will be no penalty. I believe the form can also help you see what the penalty would be if more taxes are not mailed in.
I think there are other ways than mailing to make an estimated tax payment before January 15. IRS Direct Pay comes to mind.
Yep, I use the above to pay federal tax just as soon as I do the conversion...easy-peasy.

No need for an account w/ the IRS.

For the 1st pulldown menu with Direct Pay what are you choosing? Estimated Taxes?

Zanmar

retiredjg wrote: ↑Mon Dec 26, 2022 2:50 pm
Zanmar wrote: ↑Mon Dec 26, 2022 2:31 pm retiredjg I am looking to stay under the 91k IRMAA threshold for 2022.
That is pretty conservative because the IRMAA threshold for 2024 (which will be based on your 2022 income) will be higher. Do you understand there is a 2 year "look back" for IRMAA?

I feel safe using the known 2023 IRMAA threshold ($97k for a single) even though the 2024 IRMAA threshold is estimated to be even higher than that. Not saying you should fee safe there or you should convert more, just that you probably could if you want.

Thanks! I had the other number stuck in my mind for an SSA-44.

Zanmar

Thank you all for your responses.
The receipt was the kind with the old carbons for swiping credit cards. Doubtful if it is still legible.
Currently keeping one pair closed with a rubber band. Several other make a loud crack when opened and are loose closing.
Just looking to replace current hinges without any woodworking other than plugging old holes for traction with new screws.

Zanmar

Can I do Roth conversions quarterly in 2023?

Zanmar

Single 65

Apsu asked my question also. Thanks Lifesoft for your response.
retiredjg thank you also.
I used 2020 TT and FTUSA for estimates.
OLT.com I will check that out Nalor511

retiredjg I am looking to stay under the 91k IRMAA threshold for 2022.
2m in ira/401k. Figure i will pay the irmaa premiums down the road.
Any taxes can be paid with cash.

Appreciation for all who responded.

Zanmar

Single 65 <edit>
I want to do a 50K Roth conversion. +5k on pension federal tax withholding currently.
190K last year working in 2021. Retired now. 2022 Pension of 25k and 12k dividends, interest, c.g. for 38K income in 2022. No S.S.
So it looks like another 5k in federal taxes owed if i do a 50k Roth conversion.
I have been seeing posts for estimated tax penalties and safe harbor. Should I just convert 25K?

Is Vanguard timely with their Roth conversions?

Zanmar

Mid 1990's Kraftmaid Kitchen Cabinets. Any brand recommendations please for replacement hinges? I see there are many choices available online.

Zanmar

I am using Clear View spray and wash the microfiber cloth after a week or so.

Zanmar

Doctor Rhythm wrote: ↑Sat Dec 03, 2022 11:52 am Are you saying you’re functionally locked out of your account because you can’t enter your previously approved 16-character user name? I thought Vanguard names were limited to 12-characters for a while.

In any case, probably best to change it:

https://personal1.vanguard.com/lmi-forg ... sword/home

Thanks. Made the change to 12 characters and still no joy. I will try again tomorrow. Maybe Vanguard maintenance going on.
Tried a different Vanguard account and that did not work either.

Zanmar

Password still accepts 16 characters.

Zanmar

The Vanguard website is stopping me at 12 Username characters when i try to Login. My Username is 16 characters.
Is anyone else having this problem?

Zanmar

Anyone else read the story about the one trader with a huge derivatives contract that raised the market 2% the other day. This is the kind of stuff that worries me. Should it?

Zanmar

Code: Select all

https://personal.vanguard.com/us/FixedIncomeHome

Vanguard Fixed Income Home

Zanmar

Yes. Something different than you with TDAM. They said it could not happen. That I must have made the same mistake twice. Later it seems to have been adjusted. Very, very short wait time getting a rep is a plus I guess.

Zanmar

Dental School?

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