Search found 1310 matches

by rwwoods
Sat Nov 23, 2013 7:27 am
Forum: Personal Investments
Topic: Annuity Tax Reporting
Replies: 0
Views: 207

Annuity Tax Reporting

This question is for those of you who transferred funds from your Traditional IRA to an insurance company and purchased an individual retirement annuity. When you receive form 1099 is the "IRA" box in section 7 checked or unchecked?
by rwwoods
Thu Nov 21, 2013 6:51 pm
Forum: Personal Investments
Topic: Annuity Basis
Replies: 9
Views: 1251

Re: Annuity Basis

I found a blog written by a financial planner/CPA regarding RMD of an annuity. RMD will apply if the annuity is purchased within an Individual Retirement Account (IRA), but will not apply if an Individual Retirement Annuity is purchased outside the IRA. This analysis confirms what I have previously ...
by rwwoods
Thu Nov 21, 2013 5:16 pm
Forum: Personal Investments
Topic: Annuity Basis
Replies: 9
Views: 1251

Re: Annuity Basis

I am considering doing the following not having any guidance from the IRS. 1. Trustee-to-trustee transfer of funds from the IRA to purchase the individual retirement annuity. 2. Prorate the current basis between the remaining IRA balance and the annuity. 3. Use form 8606 to compute the taxable incom...
by rwwoods
Wed Nov 20, 2013 11:53 pm
Forum: Personal Investments
Topic: Annuity Basis
Replies: 9
Views: 1251

Annuity Basis

I have a traditional IRA that has a basis because some of my contributions were non-deductible. Prior to the end of this year I will use some of the IRA to purchase an individual retirement annuity (an SPIA) and begin to receive payments next year. It is not clear to me how to determine the basis fo...
by rwwoods
Mon Nov 11, 2013 9:03 am
Forum: Investing - Theory, News & General
Topic: [Deferred] Annuity Purchase Excluded from RMD Calculation
Replies: 17
Views: 1804

Re: Annuity Purchase Excluded from RMD Calculation

Does anyone know the current status of this IRS proposal?
by rwwoods
Thu Oct 31, 2013 12:20 pm
Forum: Investing - Theory, News & General
Topic: Asset-Liability Matching Using Bond Funds
Replies: 6
Views: 870

Re: Asset-Liability Matching Using Bond Funds

Thanks Bob. Yes I am concerned about real liabilities. I understand that TIPs cover unexpected inflation while the return on nominal bonds only cover expected inflation. Which brings up a point - since bonds are being turned over in a fund, will the return on a nominal bond fund tend to approach act...
by rwwoods
Thu Oct 31, 2013 11:36 am
Forum: Investing - Theory, News & General
Topic: Asset-Liability Matching Using Bond Funds
Replies: 6
Views: 870

Asset-Liability Matching Using Bond Funds

According to the Wiki and several threads, bond funds can be used to fund a future liability as long as the fund duration and the event horizon are equal. What I have not read is what level of credit risk should be taken - treasuries or high grade corporate? There is no credit risk with treasuries, ...
by rwwoods
Thu Oct 20, 2011 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: Capital Gain on Sale of a Home
Replies: 3
Views: 630

Re: Capital Gain on Sale of a Home

It depends upon the use of the property. The gain on a home receives a $250K tax exemption ($500K if married) if was your personal residence for at least 2 of the last 5 yrs and you did not receive such an exemption within the last two yrs. (Certain exceptions may apply for a partiial exemption if y...
by rwwoods
Wed Oct 19, 2011 3:57 pm
Forum: Investing - Theory, News & General
Topic: How are you doing YTD?
Replies: 68
Views: 5361

Re: How are you doing YTD?

XIRR is -3.5%
by rwwoods
Mon Oct 10, 2011 7:01 pm
Forum: Personal Consumer Issues
Topic: Trade vehicle in after a few years, or drive till it dies?
Replies: 25
Views: 3862

We drive it until my wife finds it to be unreliable.
by rwwoods
Mon Oct 10, 2011 6:59 pm
Forum: Personal Consumer Issues
Topic: Welcome to Bogleheads? Why did you make your first post?
Replies: 46
Views: 4987

I wanted to know if I could do better myself rather using an advisor who used DFA funds. I did it myself.
by rwwoods
Sun Sep 25, 2011 10:28 am
Forum: Investing - Theory, News & General
Topic: How do beneficaries get your assets when you are gone?
Replies: 74
Views: 7438

I wrote a letter to my wife explaining where everything is and also gave a copy to my grown children. There was an extensive thread on this subject.
http://www.bogleheads.org/forum/viewtop ... highlight=

You can also search on wills and trusts to find more threads.
by rwwoods
Sat Sep 24, 2011 6:46 am
Forum: Personal Consumer Issues
Topic: Is This a Problem With My Gutters?
Replies: 14
Views: 13956

You can check the angle by using a hose to fill the end that is away from the downspout. Of course, you will need a ladder to do this. You dont need to run a lot of water, you just want to see if it drains properly. You may be correct that the downspout is insufficent to carry the max load, so anoth...
by rwwoods
Sun Sep 18, 2011 1:26 pm
Forum: Personal Consumer Issues
Topic: Cover Letter in Job Application Process
Replies: 22
Views: 2974

In my cover letters I have included, in a two column format, each area of expertise they are seeking and my qualifications for that expertise. It sums up that I am exactly what they are seeking. However, it has been my experience that some/many HR departments strip off the cover letter and send only...
by rwwoods
Fri Sep 16, 2011 3:19 pm
Forum: Personal Consumer Issues
Topic: Cleaning a tiled shower floor
Replies: 19
Views: 2041

If its a buildup of deposits due to hard water, try CLR. If you use bleach, there is a trick to keeping the bleach in place. lay down paper towels and then add the bleach. Leave for a hour or more.
by rwwoods
Wed Sep 14, 2011 4:35 pm
Forum: Personal Consumer Issues
Topic: Poll: Which is your favorite TV signal source
Replies: 12
Views: 1754

Any reason you did not include cable as one of the choices??????????
by rwwoods
Wed Sep 14, 2011 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: Which Medigap plan is best - Major Decision
Replies: 34
Views: 6748

The decision is not irrevocable if you choose the right provider. We have United Healthcare (AARP) and we are allowed to change plan types anytime. My suggestion is to ask a provider to tell you the prices for each plan, then compare the pros and cons of moving from a lower cost plan to a higher cos...
by rwwoods
Wed Sep 14, 2011 4:06 pm
Forum: Investing - Theory, News & General
Topic: Where is the economy right now?
Replies: 28
Views: 3319

According to the US Bureau of Economic Analysis, real consumer spending, adjusted for inflation is higher now than it was at the peak in 2007 prior to the recession.
http://www.schwab.com/public/schwab/res ... ctive.html
by rwwoods
Mon Sep 12, 2011 12:42 pm
Forum: Personal Consumer Issues
Topic: Walmart's Visa Merchant Category Code (MCC)
Replies: 5
Views: 6376

Walmart's Visa Merchant Category Code (MCC)

As you know, FIA is replacing Schwab Visa cards with BoA Visa cards. The good news is that the new card continues to offer 2% back on groceries. However, it is not clear from an internet search if Walmart's Visa Merchant Category Code (MCC) is coded as a discount store or a grocery store. Both are e...
by rwwoods
Thu Sep 08, 2011 7:42 am
Forum: Personal Finance (Not Investing)
Topic: Things to take care upon unfortunate death
Replies: 19
Views: 3912

The number one advice is for her to make no major financial decisions in the next few months.
by rwwoods
Thu Sep 08, 2011 7:36 am
Forum: Investing - Theory, News & General
Topic: Evidence of Low-cost Indexing beats Active (need data)
Replies: 11
Views: 1608

All the data you need can be found in "The Power of Passive Investing" by Richard Ferri.
by rwwoods
Wed Sep 07, 2011 7:03 am
Forum: Personal Consumer Issues
Topic: anti-virus/anti-spyware
Replies: 8
Views: 1659

You can find the latest test results of free and paid versions at http://www.av-comparatives.org/
by rwwoods
Mon Sep 05, 2011 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: Eldercare Estate Planning
Replies: 2
Views: 673

The AARP site has information about eldercare attorneys.
by rwwoods
Mon Sep 05, 2011 12:54 pm
Forum: Investing - Theory, News & General
Topic: Anything actionable in neuroeconomics?
Replies: 37
Views: 3493

Dr. Van K. Tharp has modeled the traits of sucessful traders using neuro-lingustic programming and discusses the model in his book, Trade Your Way to Financial Freedom.
by rwwoods
Sat Sep 03, 2011 7:00 pm
Forum: Personal Investments
Topic: Best account for intermediate savings???
Replies: 6
Views: 1181

Studies have shown that the probability of having the highest return is obtained when the duration of a bond fund matches the investment horizon.
by rwwoods
Sat Sep 03, 2011 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: Switching Plans Under Medicare (Advantage/Supplement)
Replies: 2
Views: 696

http://www.medicare.gov/publications/pubs/pdf/10050.pdf http://www.medicare.gov/publications/pubs/pdf/02110.pdf http://www.medicare.gov/find-a-plan/questions/medigap-home.aspx Additional information can be found at www.medicare.gov Generally, once you are locked into a particular provider, you canno...
by rwwoods
Fri Sep 02, 2011 9:28 pm
Forum: Investing - Theory, News & General
Topic: "Death of Equities" watch
Replies: 35
Views: 3998

Its time to sell an asset once everyone wants to get in.
by rwwoods
Wed Aug 31, 2011 2:31 pm
Forum: Investing - Theory, News & General
Topic: swing trading
Replies: 28
Views: 3121

Don't believe the hype that trading doesn't work, Its not unusual for good traders to make 20% or more most years and have little or no losses in down years. If he has a system that works for him, why would you want him to change?
by rwwoods
Wed Aug 31, 2011 7:07 am
Forum: Personal Finance (Not Investing)
Topic: Cable Modem
Replies: 27
Views: 5071

A cable provider must have the MAC address of the modem which can be found on the modem. They program the MAC address into their system to allow authorized communications with your modem.
by rwwoods
Mon Aug 29, 2011 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: Wills & Estate Planning
Replies: 5
Views: 1391

If you are like the majority of citizens with no special situations to address, you don't need to consult an estate planner nor an attorney. I second reading a planning book from nolo press. Once you have done that you can create the legal documents yourself using Quicken Will Maker and they will be...
by rwwoods
Sat Aug 27, 2011 5:01 pm
Forum: Personal Consumer Issues
Topic: Life Alert bracelet for mother
Replies: 19
Views: 2636

The mother-in-law of my wife's sister refuses to wear one even though she needs it. I think she cannot accept her condition. Don't buy it unless you know the person is willing to use it.
by rwwoods
Wed Aug 24, 2011 1:28 pm
Forum: Personal Consumer Issues
Topic: Best place to exchange "large amounts" of foreign
Replies: 6
Views: 940

Call some of the larger banks in your area and ask.
by rwwoods
Wed Aug 24, 2011 1:21 pm
Forum: Investing - Theory, News & General
Topic: Chart: Who Owns the US Equity Market?
Replies: 6
Views: 1941

OK, where do the trading firms fit in?
by rwwoods
Wed Aug 24, 2011 1:19 pm
Forum: Investing - Theory, News & General
Topic: Minimizing fat tail risk w/ lower equity allocation - myth?
Replies: 110
Views: 15057

I look for a smaller downside deviation since the idea is to minimize drawdowns. I am using 15% SCV, 15% EMSCV and 70% 3-5 yr T.
by rwwoods
Tue Aug 23, 2011 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella insurance
Replies: 46
Views: 9698

Alstate underwrites my unbrella policy and I have my cars insured with them, but my home is insured elsewhere. There is no need to have basic coverage on your assets that are about the minimum amount required by the umbrella policy.
by rwwoods
Tue Aug 23, 2011 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: My Wife wants an insurance policy on our son.
Replies: 40
Views: 6297

I think you are a prime candidate for visiting with a fee-only financial planner to discover how your objectives can be accomplished. Perhaps it is with an insurance policy, but there may be better ways. Consider finding a planner in the Garrent Planning Network.
http://www.garrettplanningnetwork.com/
by rwwoods
Tue Aug 23, 2011 12:00 pm
Forum: Investing - Theory, News & General
Topic: Need withdrawal plan..How many years of expenses in cash etc
Replies: 9
Views: 1174

The stock answer is to hold enough so that you can ride out a bear market taking into consideration interest and dividends. How much to hold in cash has been previously asked and the answers ranged from 1-10 yrs depending upon how paranoid one is about bear markets. There is no real answer except th...
by rwwoods
Mon Aug 22, 2011 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: Wills, Estate planning help
Replies: 5
Views: 1153

Skip the attorney and buy Quicken Willmaker. It will create all of the legal and medical documents you need and they will be legal in CO.
by rwwoods
Mon Aug 22, 2011 12:48 pm
Forum: Personal Consumer Issues
Topic: [del]
Replies: 56
Views: 8780

I notice that you did not mention that you have held discussions with Paypal and the results of those discussions. Nor have you indicated their reason for freezing your funds. Please tell us the rest of the story.
by rwwoods
Mon Aug 22, 2011 7:11 am
Forum: Personal Finance (Not Investing)
Topic: Do some Americans face a marginal tax rate of 80-90%?
Replies: 28
Views: 3032

I feel sorry for him. :( NOT!!
by rwwoods
Mon Aug 22, 2011 7:09 am
Forum: Personal Finance (Not Investing)
Topic: How large of a cash hoard should I build up?
Replies: 26
Views: 4283

If you are layed off tomorrow, realistically in this economy how long would it take you to get a job? That's how much reserves you need. That includes cash and investments in taxable accounts. I recoomend that you stop paying extra toward your mortgage until you build up your cash reserves.
by rwwoods
Mon Aug 22, 2011 7:03 am
Forum: Personal Consumer Issues
Topic: PDF Software Recommendations?
Replies: 10
Views: 2413

+1 for cutepdf. It can't be beat for creating a pdf file from word, excel, powerpoint and any other program that can create a printable document.
by rwwoods
Sun Aug 21, 2011 1:17 pm
Forum: Personal Investments
Topic: Least Volatility?
Replies: 2
Views: 520

Go to morningstar.com and enter a ticker symbol. Then click on the "ratings and risk" tab where you will find the standard deviation.
by rwwoods
Sun Aug 21, 2011 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: Is it time to hire a financial advisor?
Replies: 8
Views: 1740

You have done very well so far, so you should not need an advisor. Most everything you need to know has been discussed on this forum many times. A search on LTC will find many discussions on the subject. The wiki has a good section on annuities and they have been discuss numerious times on this four...
by rwwoods
Fri Aug 19, 2011 7:17 pm
Forum: Personal Consumer Issues
Topic: Cost of eating a healthful diet
Replies: 174
Views: 17607

Of course you are not living on a poverty level income. Try creating a budget on that income and see what you have to spend on food. And then figure out how to make that food budget streatch and still be healthy.
by rwwoods
Fri Aug 19, 2011 4:05 pm
Forum: Personal Investments
Topic: 401K and Profit Sharing
Replies: 2
Views: 477

What variable are you trying to optimize? The usual advice is to raise your contribution to the max allowed if you can afford it. The match is just gravy added on. This optimizes the maximum total saved.
by rwwoods
Fri Aug 19, 2011 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: help me understand profit sharing retirement plan
Replies: 3
Views: 682

I can see two possibilities here. This could be a standard 401(k) plan or a company stock purchase plan. Is it one of these or something else?
by rwwoods
Thu Aug 18, 2011 9:33 pm
Forum: Personal Finance (Not Investing)
Topic: Job Hunting Ideas (beyond the obvious)?
Replies: 26
Views: 4529

Read "What Color Is Your Parachute."
by rwwoods
Thu Aug 18, 2011 3:00 pm
Forum: Personal Investments
Topic: Investing in Land
Replies: 8
Views: 1413

Land just went through a significant bubble in the US and has yet to recover.