Search found 2541 matches

by Chip
Mon Aug 19, 2019 10:42 am
Forum: Personal Consumer Issues
Topic: Buying an older used car - any new/different ideas?
Replies: 44
Views: 2089

Re: Buying an older used car - any new/different ideas?

I find it much harder to understand why so many people put up with the tactics at new car dealerships. I don't put up with them. I bought our last two cars via email after settling on what we wanted after a few test drives. There was no negotiation -- I got one "best" out-the-door bid from each dea...
by Chip
Sun Aug 18, 2019 3:40 pm
Forum: Personal Consumer Issues
Topic: Ethernet, MoCA, House Wiring
Replies: 19
Views: 1171

Re: Ethernet, MoCA, House Wiring

I have a MoCA setup feeding two Tivo minis that would otherwise require wired Ethernet. It works quite well in that application but I don't suppose that tells you much about how MoCA would work in your particular situation. I haven't tried to do any speed testing. I have cable TV and internet/phone ...
by Chip
Sun Aug 18, 2019 5:28 am
Forum: Personal Consumer Issues
Topic: Aliens have captured my husband [wants to buy a Porsche]
Replies: 125
Views: 8174

Re: Aliens have captured my husband [wants to buy a Porsche]

<And then, as you said, the aliens came.> I saw a Jaguar XJ8 advertised locally. It was the most lovely shade of glittery green, almost black. Sweet leather seats nicer than my sofa (way nicer) and shiny chrome in the door frames. Birdseye maple fold-down trays in the back that made me giggle remem...
by Chip
Sun Aug 18, 2019 5:12 am
Forum: Personal Finance (Not Investing)
Topic: Yet another CP2000 for Roth IRA conversion thread
Replies: 48
Views: 6401

Re: Yet another CP2000 for Roth IRA conversion thread

The second issue reported in CP2000 is completely weird. It claimed our return had $400 in qualified dividends (QDI) but Vanguard supposedly reported $600 as QDI in 1099-Div which is completely wrong. Vanguard brokerage reported in excess of $10K as QDI and we reported the exact same amount on line...
by Chip
Sat Aug 17, 2019 10:57 am
Forum: Personal Investments
Topic: Single-stock investing in taxable or Roth?
Replies: 39
Views: 1576

Re: Single-stock investing in taxable or Roth?

I think the replies have covered nearly all the angles. Since you understand that this is generally bad idea, but your partner doesn't, I would suggest a Roth for these reasons: There will be no tax reason to delay selling if there is a gain and "the time is right". If there's a loss your partner wi...
by Chip
Mon Aug 12, 2019 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Best Checking/ System for Cash Management/ Sweeping?
Replies: 19
Views: 2780

Re: Best Checking/ System for Cash Management/ Sweeping?

while aboard, have you or anyone else on this forum, successfully used the CMA abroad with $0 in the account and overdraft on? im traveling in a few months and was wondering if I need to keep some money in the CMA just to be safe and not get declined at ATMs abroad, TIA I haven't. I only have the r...
by Chip
Mon Aug 12, 2019 7:04 am
Forum: Investing - Theory, News & General
Topic: Roth > Taxable > tIRA
Replies: 199
Views: 13045

Re: Roth > Taxable > tIRA

ROTH Conversion is approximately the percent of tIRA converted to Roth. EFFECTIVE TAX RATE is the dollar amount of tax divided by the dollar amount converted, which is subtracted from Taxable account. TOTAL BALANCE is the sum of tIRA, Roth and Taxable account immediately after Roth Conversion. Disp...
by Chip
Mon Aug 12, 2019 5:06 am
Forum: Personal Finance (Not Investing)
Topic: Tax implications of Calvert settlement distribution
Replies: 9
Views: 2301

Re: Tax implications of Calvert settlement distribution

Thanks. The categories are broken down by amount; the largest is fees, followed by foregone appreciation component, and lastly interest. Would those all be capital gain except for the interest? That sounds correct to me. The idea is that whatever price you sold the fund at it would have been higher...
by Chip
Sun Aug 11, 2019 10:30 am
Forum: Investing - Theory, News & General
Topic: Roth > Taxable > tIRA
Replies: 199
Views: 13045

Re: Roth > Taxable > tIRA

I don’t think it’s the 1099s OP worries about, but the allowed tax exceptions for them (eg, medical). As I'm sure you know, no one has to take medical deductions (or any other itemized deduction) to which they're entitled. The standard deduction can always be taken. It might cost thousands in extra...
by Chip
Sun Aug 11, 2019 9:13 am
Forum: Investing - Theory, News & General
Topic: Roth > Taxable > tIRA
Replies: 199
Views: 13045

Re: Roth > Taxable > tIRA

Since you've said that 1099-Rs are okay on your tax return, and RMDs can be automated with most brokers, why are you willing to pay unnecessary taxes to get rid of them?
:shock:
by Chip
Sat Aug 10, 2019 12:55 pm
Forum: Investing - Theory, News & General
Topic: Roth > Taxable > tIRA
Replies: 199
Views: 13045

Re: Roth > Taxable > tIRA

grayfox's concerns about messing around with taxes and the IRS in our 90s are valid. Missing or withdrawing insufficient RMD would bring you potentially large penalties. It may be a valid concern but there is an entire minefield of "valid concerns" once cognitive decline sets in. I don't believe it...
by Chip
Fri Aug 09, 2019 7:49 am
Forum: Investing - Theory, News & General
Topic: Roth > Taxable > tIRA
Replies: 199
Views: 13045

Re: Roth > Taxable > tIRA

But you help your mother with her taxes, right? I did, until she died. However, she could have easily had her return completed by Tax-Aide in the building where she lived. Except that I am doing Roth conversion now, while I can still deal with the IRS, if necessary. At this time, I can still read m...
by Chip
Fri Aug 09, 2019 6:19 am
Forum: Investing - Theory, News & General
Topic: Roth > Taxable > tIRA
Replies: 199
Views: 13045

Re: Roth > Taxable > tIRA

I am going to guess that your mother is fortunate enough to have a son who is a professional CPA or CFP or similar, amiright? No, you're wrong. I have had no professional tax training. If you're concerned about having your taxes done correctly as you age I suggest getting them done for free by AARP...
by Chip
Thu Aug 08, 2019 3:27 pm
Forum: Investing - Theory, News & General
Topic: Roth > Taxable > tIRA
Replies: 199
Views: 13045

Re: Roth > Taxable > tIRA

I would have lost a lot of money betting on how long this thread would stay active. You guys are arguing with somebody who doesn’t have any interest in the zero tax bracket. He’s not interested. You’re not going to get him interested. Good point. Some are willing to give up tens of thousands of dol...
by Chip
Wed Aug 07, 2019 2:35 pm
Forum: Investing - Theory, News & General
Topic: Roth > Taxable > tIRA
Replies: 199
Views: 13045

Re: Roth > Taxable > tIRA

I’m unclear on on what money coming out of tIRA would not be taxed. Is it any medical care, or just long term nursing home expenses or just long term care insurance premiums? Is it only the amount over 10% (or 7.5% if older than 65) of AGI? So we're talking about using large medical itemized deduct...
by Chip
Wed Aug 07, 2019 12:41 pm
Forum: Investing - Theory, News & General
Topic: ETF How To [How do I purchase and use ETFs in my portfolio?]
Replies: 53
Views: 2471

Re: ETF How To [How do I purchase and use ETFs in my portfolio?]

Let me see if I can clarify my understanding now: A-For smaller orders of large, liquid securities (such as someone who is DCA'ing an amount of a couple hundred to a couple thousand at a time, into the funds over months or years) a market order is essentially fine because the bid/ask spread is bare...
by Chip
Tue Aug 06, 2019 8:38 am
Forum: Personal Finance (Not Investing)
Topic: No 'Out of pocket' maximum - what does this mean?
Replies: 20
Views: 1856

Re: No 'Out of pocket' maximum - what does this mean?

Maybe I'm missing something but it could be worded that way because you don't pay anything out of pocket, based on the contract language you quoted.
by Chip
Tue Aug 06, 2019 8:16 am
Forum: Investing - Theory, News & General
Topic: Roth > Taxable > tIRA
Replies: 199
Views: 13045

Re: Roth > Taxable > tIRA

grayfox wrote:
Tue Aug 06, 2019 6:25 am
Like I said, I have yet to hear a good reason to keep anything in tIRA.
Are your fingers stuck in your ears preventing hearing? :D

ALL of the reasons I mentioned apply to me, though obviously there is no certainty about LTC expenses.
by Chip
Tue Aug 06, 2019 6:06 am
Forum: Investing - Theory, News & General
Topic: Roth > Taxable > tIRA
Replies: 199
Views: 13045

Re: Roth > Taxable > tIRA

I, too, am planing on large Roth Conversions. My intention at this time is to convert the entire tIRA to Roth, so that I end up with everything in Roth and nothing in tIRA. I have yet to hear a good reason to keep anything in tIRA. 1. Because of the standard deduction, tIRA withdrawals of 27k or le...
by Chip
Sun Aug 04, 2019 2:03 pm
Forum: Personal Consumer Issues
Topic: HVAC questions: asbestos-insulated ducts need replacing? A/C costs?
Replies: 21
Views: 1159

Re: HVAC questions: asbestos-insulated ducts need replacing? A/C costs?

I feel the same way about this that Teague does: that looks like fiberglass wrap. Here's a link on identifying asbestos that might be useful, though I have no expertise to evaluate what they are saying. I would suggest that if the insulation is fiberglass, the existing ducts can probably be sealed (...
by Chip
Sun Aug 04, 2019 11:47 am
Forum: Investing - Theory, News & General
Topic: ETF How To [How do I purchase and use ETFs in my portfolio?]
Replies: 53
Views: 2471

Re: ETF How To

There is an entire thread on Myth-Busting broker trade executions: https://www.bogleheads.org/forum/viewtopic.php?t=165732 By the same token, maybe you can prove they matter? I've read that thread as well as participating in it. I think it creates some myths as well, such as your contention that yo...
by Chip
Sun Aug 04, 2019 10:12 am
Forum: Investing - Theory, News & General
Topic: ETF How To [How do I purchase and use ETFs in my portfolio?]
Replies: 53
Views: 2471

Re: ETF How To

Prove they are myths.
by Chip
Sun Aug 04, 2019 8:46 am
Forum: Investing - Theory, News & General
Topic: ETF How To [How do I purchase and use ETFs in my portfolio?]
Replies: 53
Views: 2471

Re: ETF How To

Starting out (or maybe always) you should avoid trading during the first hour and last half hour that the market is open. Sometimes there are order imbalances in those periods that are less likely at other times. Don't ever put in a market order when the market is closed. I guess there might be an e...
by Chip
Sat Aug 03, 2019 1:54 pm
Forum: Investing - Theory, News & General
Topic: Taxes on Vanguard Total Stock vs. Fidelity Total Stock
Replies: 2
Views: 527

Re: Taxes on Vanguard Total Stock vs. Fidelity Total Stock

heybro wrote:
Sat Aug 03, 2019 10:23 am
If Vanguard's fund has less taxes, would owning the Vanguard ETF through Fidelity garner the same results?
Yes. Though you will have to pay a $4.95 commission to buy/sell. A commission-free option at Fidelity that I believe is just as tax efficient as VTI is ITOT.
by Chip
Sat Aug 03, 2019 7:46 am
Forum: Personal Consumer Issues
Topic: Used Car Recommendations for Active Retired Couple
Replies: 31
Views: 2005

Re: Used Car Recommendations for Active Retired Couple

To add to tadamsmar's point, consider dropping the GPS requirement and use a smart phone for navigation. If the car you choose has Apple CarPlay or Android Auto you will be able to display maps on the car's display screen. I'm a long time user of standalone GPS devices but the phones have them beat ...
by Chip
Fri Aug 02, 2019 7:12 am
Forum: Personal Investments
Topic: 401(k) RMD Strategy Using NUA [Net Unrealized Appreciation]
Replies: 9
Views: 563

Re: 401(k) RMD Strategy Using NUA [Net Unrealized Appreciation]

If beneficiary sells within a year of inheriting, they will report a basis of 91k and LTG of 209k plus a basis of 300k and STG of 50k. If beneficiary waits until the first year passes, all the gain is LT, they would report a basis of 91k and LTG of 259k. In other words, they will have to improvise ...
by Chip
Fri Aug 02, 2019 6:39 am
Forum: Personal Consumer Issues
Topic: Are all models of Toyota generally considered reliable?
Replies: 52
Views: 4872

Re: Are all models of Toyota generally considered reliable?

**I'm very impressed by the poster that has over 3,000,000 miles on their Tacoma. Just WOW!!! Just to note that the first Tacoma was marketed in the US in 3/95. 3 million miles would mean 123,000 miles a year IF the referenced Tacoma was one of the first ever sold in the US. 123k/year equates to 24...
by Chip
Fri Aug 02, 2019 4:51 am
Forum: Personal Investments
Topic: Best retirement saving strategy using tax-free income
Replies: 7
Views: 999

Re: Best retirement saving strategy using tax-free income

Hi, and welcome! I was about to write about the 19k being a combined limit for both traditional AND Roth, but I see that there is an exception to the limit for traditional contributions from tax-exempt income received in a combat zone. Is your situation that you will pay no federal taxes in 2019? If...
by Chip
Thu Aug 01, 2019 2:58 pm
Forum: Personal Investments
Topic: 401(k) RMD Strategy Using NUA [Net Unrealized Appreciation]
Replies: 9
Views: 563

Re: 401(k) RMD Strategy Using NUA [Net Unrealized Appreciation]

Big Dog wrote:
Thu Aug 01, 2019 2:47 pm
Is this correct? I would have assumed that the delta ($300-$91 = $209k) would be eligible for step up if you died while still holding it, no?
It's correct; no step up. Revenue ruling 75-125 text here.
by Chip
Thu Aug 01, 2019 2:29 pm
Forum: Personal Investments
Topic: 401(k) RMD Strategy Using NUA [Net Unrealized Appreciation]
Replies: 9
Views: 563

Re: 401(k) RMD Strategy Using NUA [Net Unrealized Appreciation]

So, I now have more confidence that I can wait for January 2, 2020 when I will initiate the NUA share distribution to my taxable brokerage account to cover the 2019 and 2020 RMDs, followed by the rollover of the remaining assets to my IRAs. One minor wrinkle was that I made sure that the paperwork ...
by Chip
Thu Aug 01, 2019 10:10 am
Forum: Personal Investments
Topic: Tax-efficient placement of international stock fund
Replies: 8
Views: 628

Re: Tax-efficient placement of international stock fund

lakpr wrote:
Thu Aug 01, 2019 9:07 am
Reason: international stocks under-perform have underperformed US stocks recently.
Fixed that for you. :D
by Chip
Wed Jul 31, 2019 2:02 pm
Forum: Personal Investments
Topic: Pre-Retirement Portfolio Review
Replies: 14
Views: 2211

Re: Pre-Retirement Portfolio Review, ‘Won the Game’?

Questions : 1. Are we too conservative in our asset allocation when considering a long retirement? 2a. Are we holding too much in municipal bond funds? 2b. Are we holding too much in short term bonds/fixed income? 3. Should we continue to carryover tax losses or harvest some gains prior to retireme...
by Chip
Mon Jul 29, 2019 1:59 pm
Forum: Personal Investments
Topic: 401(k) RMD Strategy Using NUA [Net Unrealized Appreciation]
Replies: 9
Views: 563

Re: 401(k) RMD Strategy Using NUA [Net Unrealized Appreciation]

Questions: - What are my errors or misconceptions in the above summary? - Am I close on what the 2020 1099-R should look like? What should I expect to receive? - Can federal income tax withholding be zero given the direct rollover with NUA distribution? - Is my understanding of the handling of the ...
by Chip
Wed Jul 24, 2019 12:41 pm
Forum: Personal Consumer Issues
Topic: Accord approaching 100k miles, how to push it beyond
Replies: 44
Views: 4523

Re: Accord approaching 100k miles, how to push it beyond

My 2013 Accord is approaching 100k as well. I will do what's recommended in the owner's manual as well as the maintenance minder. I think the MM will recommend a coolant drain/fill and spark plugs in additional to the normal stuff. I will also change the serpentine belt and all coolant hoses. It wil...
by Chip
Tue Jul 23, 2019 2:37 pm
Forum: Investing - Theory, News & General
Topic: ETF "Tax Efficiency" Quantified
Replies: 57
Views: 3095

Re: ETF "Tax Efficiency" Quantified

I’m just some guy with an opinion. The fact that folks who seem to strongly dislike my opinion, click on the thread and post long comments like this is kind of weird. It would be like if I continuously posted on Hedgefundie’s portfolio thread to complain that he’s making me follow a 3X leveraged ET...
by Chip
Tue Jul 23, 2019 11:37 am
Forum: Investing - Theory, News & General
Topic: ETF "Tax Efficiency" Quantified
Replies: 57
Views: 3095

Re: ETF "Tax Efficiency" Quantified

Regarding 2, it is very easy to calculate the difference. Take $1 million portfolios invested for 50 years. Portfolio A is in a mutual fund and Portfolio B is in the equivalent ETF. The mutual fund has 0.5% capital gain distributions (about what SWTSX) has each year. The remainder is reinvested aft...
by Chip
Tue Jul 23, 2019 8:13 am
Forum: Investing - Theory, News & General
Topic: ETF "Tax Efficiency" Quantified
Replies: 57
Views: 3095

Re: ETF "Tax Efficiency" Quantified

I’m not derailing other threads or making personal attacks. Just stating an opinion in my own thread. And I’ve backed up my opinion with data. There is some data. As others have mentioned repeatedly in this and other threads, much of it is suspect. But most of what you have done is make value judge...
by Chip
Tue Jul 23, 2019 7:18 am
Forum: Investing - Theory, News & General
Topic: ETF "Tax Efficiency" Quantified
Replies: 57
Views: 3095

Re: ETF "Tax Efficiency" Quantified

Bottom Line - I would argue the added risks of ETFs (bid/ask spread and tracking errors) and the added hassles (inability to purchase fractional shares, inability to auto invest) far outweigh any tax advantages for a Boglehead portfolio. I would suggest that this sort of over-generalization is why ...
by Chip
Fri Jul 05, 2019 5:33 am
Forum: Personal Investments
Topic: Placing all portfolio BOND holdings in Roth IRA?
Replies: 23
Views: 1748

Re: Placing all portfolio BOND holdings in Roth IRA?

aristotelian wrote:
Thu Jul 04, 2019 9:58 pm
Disagree. No one of any age should put bonds in Roth IRA. You are minimizing the tax benefit of Roth.
Seriously? Our tIRAs are 100% bonds. Our Roths have some bonds. Are you suggesting that we change our desired stock/bond allocation to fit your Procrustean rule?
by Chip
Fri Jul 05, 2019 4:28 am
Forum: Personal Consumer Issues
Topic: Belt sander or disc sander for refinishing decks?
Replies: 32
Views: 2587

Re: Belt sander or disc sander for refinishing decks?

Just finished sanding the dang thing. This is the last time I'm doing this. Next time this deck needs servicing I'm ripping it all up and installing Trex or Timbertech composite decking. Good for you in getting it done. It should look great once you get the stain applied. Remember not to apply the ...
by Chip
Thu Jul 04, 2019 6:27 am
Forum: Personal Investments
Topic: Can you help me clean up my Roth IRA mess?
Replies: 49
Views: 4302

Re: Can you help me clean up my Roth IRA mess?

Pretty amazing. We've have a number of threads about people who were desperate to get Medallion signatures and were literally not able to get one. I guess it depends on the customs and practices where one lives. My local bank has no problem giving medallion guarantees, though it's via the "investme...
by Chip
Thu Jul 04, 2019 6:15 am
Forum: Personal Finance (Not Investing)
Topic: Adding a Vehicle raises Umbrella premium?
Replies: 12
Views: 1275

Re: Adding a Vehicle raises Umbrella premium?

Mine went up when I went from 2 vehicles to 3, even though there are only two drivers and total mileage was unchanged. Aggravating. I talked to a friend who was an insurance broker. She said that sort of pricing is fairly common. Some companies rate their exposure based on the number of vehicles and...
by Chip
Thu Jul 04, 2019 5:27 am
Forum: Personal Investments
Topic: For anyone who retired early
Replies: 13
Views: 1637

Re: For anyone who retired early

There's probably a wiki article on it, but I wasn't able to find it. Short answers: 1. If she retires after reaching age 55 I believe her 403b withdrawals would be penalty-free. 2. Pre age 59.5 withdrawals from an IRA can be penalty-free if done via a properly executed 72(t) plan. 3. Roth IRA contri...
by Chip
Thu Jul 04, 2019 4:06 am
Forum: Personal Consumer Issues
Topic: Frequent Flyer No Man's Land?
Replies: 17
Views: 2223

Re: Frequent Flyer No Man's Land?

I've had something similar happen. I don't remember the exact details. If I recall correctly I ended up wading through the program terms & conditions and found out I wasn't entitled to the miles. Have you looked at United's terms? Vienna to Paris is 645 air miles. Valuing FF miles at .02/mile we're ...
by Chip
Wed Jul 03, 2019 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: Selling home- Demanding Buyer (Repairs)
Replies: 396
Views: 34031

Re: Selling home- Demanding Buyer (Repairs)

2 different buyers wanted to make an offer yesterday evening, however both would be contingent on the sale of their homes. My agent said that one of the buyers home would likely sell in less than 5 days given the location. I don't know if this has been mentioned, but we have accepted offers with su...
by Chip
Mon Jul 01, 2019 8:28 am
Forum: Personal Investments
Topic: How much to rollover from IRA to Roth IRA
Replies: 35
Views: 2996

Re: How much to rollover from IRA to Roth IRA

This discussion has given me a better understanding of our situation. It looks like we will be converting to the top of the 22 percent bracket at least. Don't forget that since you are age 63 Roth conversions that result in an AGI > 170k will result in higher Medicare premiums (IRMAA). There is a t...
by Chip
Sun Jun 30, 2019 2:10 pm
Forum: Personal Investments
Topic: Optimum distribution strategy after retirement in 2022
Replies: 21
Views: 1485

Re: Optimum distribution strategy after retirement in 2022

The first and last article are by the same author and are pretty much the same. The article states... If this family were to delay Social Security payments from age 62 to age 66, it’s estimated they would be deferring nearly $146,000 in Social Security payments over that period. They would be force...
by Chip
Sun Jun 30, 2019 8:06 am
Forum: Personal Investments
Topic: Asset Location Roth/IRA/Taxable
Replies: 10
Views: 915

Re: Asset Location Roth/IRA/Taxable

Is this part about "fixed income assets into the Roth" really true? It would surprise me that anybody would recommend placing the slow growth assets into a Roth. :confused I don't know the exact quote, but it might have some qualifiers around it. For example, our tIRAs have only bonds. To get to ou...
by Chip
Sun Jun 30, 2019 4:49 am
Forum: Personal Finance (Not Investing)
Topic: IRS Quarterly Payments From Vanguard Money Market?
Replies: 11
Views: 1072

Re: IRS Quarterly Payments From Vanguard Money Market?

It doesn't answer your question about Vanguard, but I have my account at EFTPS (the IRS's online payment system) do direct pulls from my Fidelity account. Same with my state's electronic payment system. This has worked well for several years. This is obviously different than attempting a "push" via ...
by Chip
Sat Jun 29, 2019 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: Foreign tax credit from capital gains on an international index fund
Replies: 5
Views: 445

Re: Foreign tax credit from capital gains on an international index fund

Did I understand that incorrectly? Or is it just that so few countries tax capital gains that it is essentially negligible and it can be ignored? In any case, from what you're saying it sounds like I won't see any foreign tax credit due to a sale of VTIAX on my 1099s from Vanguard at the end of the...