Search found 8993 matches

by delamer
Tue Nov 12, 2019 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Months Leading up to Retirement
Replies: 9
Views: 591

Re: Months Leading up to Retirement

Have you determined what the process is within your agency to 1) apply for your pension and 2) complete the paperwork to leave your job?
by delamer
Tue Nov 12, 2019 11:36 am
Forum: Personal Investments
Topic: TSP question
Replies: 5
Views: 232

Re: TSP question

His first step should be to determine what portion of his expenses in retirement will be covered by his pension, Social Security, and any other income sources (like spouse’s Social Security, for example). Which may mean figuring out what his expenses will be. A lot of people don’t know. The best ass...
by delamer
Tue Nov 12, 2019 11:21 am
Forum: Personal Investments
Topic: inheritance
Replies: 15
Views: 1997

Re: inheritance

of course my brother and sisters are aware of this situation,along with my wife. My children and grands are not aware of the inheritance and I plan to keep it that way. The idea of putting a portion for childrens retirement accounts sounds good,I assume that can be done at Fidelity without their kn...
by delamer
Tue Nov 12, 2019 11:12 am
Forum: Personal Investments
Topic: inheritance
Replies: 15
Views: 1997

Re: inheritance

of course my brother and sisters are aware of this situation,along with my wife. My children and grands are not aware of the inheritance and I plan to keep it that way. The idea of putting a portion for childrens retirement accounts sounds good,I assume that can be done at Fidelity without their kn...
by delamer
Mon Nov 11, 2019 11:05 pm
Forum: Personal Investments
Topic: inheritance
Replies: 15
Views: 1997

Re: inheritance

All very good information,thank you. The trust is at Fidelity,and family has some experience with vanguard.I am not quite clear on the capital gains nuetralization after the transfer of funds? Bills will be around 2000/month ss/1800 pension/1000 We live simple. Inheritance roughly 1.5 m,possilbly m...
by delamer
Mon Nov 11, 2019 10:17 pm
Forum: Personal Finance (Not Investing)
Topic: Distribution of principal from a bypass trust
Replies: 8
Views: 389

Re: Distribution of principal from a bypass trust

When I inherited the assets in the same type of trust, there was not a step up in cost basis at the time of death of the surviving spouse (my mother). Before her death, I came to understand that would be no step up. At that time, I talked to my parents’ attorney about unwinding the trust in order fo...
by delamer
Mon Nov 11, 2019 4:26 pm
Forum: Personal Investments
Topic: New Construction Home Purchase
Replies: 17
Views: 1097

Re: New Construction Home Purchase

RickBoglehead wrote:
Mon Nov 11, 2019 4:13 pm
Ana-Maria57 wrote:
Mon Nov 11, 2019 3:49 pm
My concern is that I am unable to vet this builder to my satisfaction.
'Nuff said.
Although “to my satisfaction” is somewhat unclear. Do you mean you can’t find information about the builder’s finances?
by delamer
Mon Nov 11, 2019 11:19 am
Forum: Personal Investments
Topic: Windfall
Replies: 21
Views: 2080

Re: Windfall

With a likely move in 5 years, I’d invest the money rather than prepay the mortgage.

Liquid assets give you flexibility that a reduced mortgage doesn’t.
by delamer
Sat Nov 09, 2019 7:03 pm
Forum: Personal Finance (Not Investing)
Topic: Do I Understand Safe Harbor rules correctly?
Replies: 27
Views: 2435

Re: Do I Understand Safe Harbor rules correctly?

Why isn't company withholding from the bonus? It is not 1099 income and all applicable withholding would apply along with FICA taxes. This was my question as well. My bonus earlier this year was taxed at 22%, lower than my marginal rate. From a quick google search, for what it's worth, it seems tha...
by delamer
Sat Nov 09, 2019 6:49 pm
Forum: Personal Investments
Topic: Vanguard asking for personal financial information
Replies: 16
Views: 1599

Re: Vanguard asking for personal financial information

For those of you who have work experience at financial institutions, is there ever followup with customers regarding the information supplied (assuming no suspicious activity is being investigated)? Amex has been known to require access to your tax forms directly from the IRS via form 4506T in orde...
by delamer
Sat Nov 09, 2019 4:02 pm
Forum: Personal Investments
Topic: Spend It All vs. Leave $$ for the Kids
Replies: 125
Views: 9298

Re: Spend It All vs. Leave $$ for the Kids

I was reading a SWR thread and posters were chiming in with their thoughts on generational wealth being part of their retirement plan. For some it's a given. Some believe "teaching a man to fish" and leaving nothing is best. Some plan to help with school/home purchase/wedding but otherwise not let ...
by delamer
Sat Nov 09, 2019 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: TOD Brokerage Account and selling the stock as executor while retaining step-up in basis
Replies: 5
Views: 311

Re: TOD Brokerage Account and selling the stock as executor while retaining step-up in basis

Hello - my mom passed and left a brokerage account with stocks and mutual fund at Fidelity. It is TOD with each of the 4 heirs as 25% beneficiary. I haven't notified Fidelity yet because am waiting for the Surrogate certificate, but I want to be prepared when I call them. As executor, I would like ...
by delamer
Sat Nov 09, 2019 3:11 pm
Forum: Personal Investments
Topic: Vanguard asking for personal financial information
Replies: 16
Views: 1599

Re: Vanguard asking for personal financial information

For those of you who have work experience at financial institutions, is there ever followup with customers regarding the information supplied (assuming no suspicious activity is being investigated)? Amex has been known to require access to your tax forms directly from the IRS via form 4506T in orde...
by delamer
Sat Nov 09, 2019 11:26 am
Forum: Personal Investments
Topic: What’s in your TSP?
Replies: 46
Views: 3106

Re: What’s in your TSP?

We have determined an overall allocation for our retirement savings. We choose the best funds (low cost, index) within each retirement account to achieve that overall allocation. So my TSP is 13% G fund, 47% I fund, and 40% S fund. No one would recommend that allocation if the TSP was our only retir...
by delamer
Sat Nov 09, 2019 11:16 am
Forum: Personal Investments
Topic: Windfall
Replies: 21
Views: 2080

Re: Windfall

I’m a veteran so was able to join NFCU easily. But the only reason I joined was to get the 3% CD that evaporated before I could get funds transferred. We will have a small FERS pension—vast majority of retirement will be 401k, HSA, IRA and cash.thx for post and advice. With no prepayment, when will...
by delamer
Sat Nov 09, 2019 11:10 am
Forum: Personal Investments
Topic: Vanguard asking for personal financial information
Replies: 16
Views: 1599

Re: Vanguard asking for personal financial information

For those of you who have work experience at financial institutions, is there ever followup with customers regarding the information supplied (assuming no suspicious activity is being investigated)?
by delamer
Fri Nov 08, 2019 7:52 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security withholding stopped before limit, is this incorrect?
Replies: 7
Views: 661

Re: Social Security withholding stopped before limit, is this incorrect?

Yes, it sounds like something’s wrong.

You should check with payroll.
by delamer
Fri Nov 08, 2019 5:00 pm
Forum: Personal Investments
Topic: Need some guidance at retirement time
Replies: 13
Views: 928

Re: Need some guidance at retirement time

Am I correct that a surviving spouse has to choose whether to keep their own social security or drop it in exchange for 1/2 of their deceased spouse's benefit? No. The surviving spouse receives the higher of 1) their own benefit or 2) their spouse’s benefit. When both spouses are alive, the spouse ...
by delamer
Fri Nov 08, 2019 3:22 pm
Forum: Personal Investments
Topic: Inherited IRA Strategy
Replies: 13
Views: 1068

Re: Inherited IRA Strategy

I am sorry about your father.

Your plan makes sense.

Are you planning on leaving the funds in the 403(b) or rolling them into an Inherited IRA?

The Inherited IRA would give you the most flexibility and might provide the better investment options.
by delamer
Fri Nov 08, 2019 2:53 pm
Forum: Personal Investments
Topic: Need some guidance at retirement time
Replies: 13
Views: 928

Re: Need some guidance at retirement time

Thanks for the replies. Additional info - the only account in my wife's name is $140K in traditional IRA invested with Vanguard 2025 account - I have done a lot of thinking and reading exploring best alternatives on when to take SS. For me, the two biggest reasons for taking it now are that I want ...
by delamer
Fri Nov 08, 2019 11:27 am
Forum: Personal Investments
Topic: Need some guidance at retirement time
Replies: 13
Views: 928

Re: Need some guidance at retirement time

Could you spell out more clearly which accounts belong to whom? As I am sure you know, you can’t —for example — move you wife’s IRA into your 401a. My bias is that it is a good idea to have money in a couple different places. That way, if one account is hacked or there is a temporary account access ...
by delamer
Fri Nov 08, 2019 11:10 am
Forum: Personal Investments
Topic: Asset Allocation for my 30 yr old daughter
Replies: 13
Views: 932

Re: Asset Allocation for my 30 yr old daughter

bgf wrote:
Fri Nov 08, 2019 11:04 am
If they dont want to manage it themselves why not just put them in a Target Date Fund?
My thought too.

That’s what my kids have for their IRAs.

Plus it makes them less dependent on you, since there is no rebalancing involved.
by delamer
Fri Nov 08, 2019 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Early Financial Independence. - Healthcare costs
Replies: 65
Views: 5163

Re: Early Financial Independence. - Healthcare costs

Guys it depends on income for ACA. If OP is at 1.2x poverty line for his tax status (2 people) from his div's from his taxable account, he could easily be looking at a premium of $240 for health care and I can see the deductible/oop max not even being that crazy at something like $4k/$8k. ETA - For...
by delamer
Fri Nov 08, 2019 10:56 am
Forum: Personal Finance (Not Investing)
Topic: Early Financial Independence. - Healthcare costs
Replies: 65
Views: 5163

Re: Early Financial Independence. - Healthcare costs

Guys it depends on income for ACA. If OP is at 1.2x poverty line for his tax status (2 people) from his div's from his taxable account, he could easily be looking at a premium of $240 for health care and I can see the deductible/oop max not even being that crazy at something like $4k/$8k. ETA - For...
by delamer
Fri Nov 08, 2019 10:49 am
Forum: Personal Finance (Not Investing)
Topic: Where to find social security deductions
Replies: 10
Views: 879

Re: Where to find social security deductions

"Social Security income includes retirement, survivor benefits, and disability payments. For the most part, only taxable sources of income count in determining household MAGI-based income. However, all Social Security income of tax filers is counted, regardless of whether it is taxable or not. " ht...
by delamer
Thu Nov 07, 2019 6:18 pm
Forum: Personal Finance (Not Investing)
Topic: Where to find social security deductions
Replies: 10
Views: 879

Re: Where to find social security deductions

"Social Security income includes retirement, survivor benefits, and disability payments. For the most part, only taxable sources of income count in determining household MAGI-based income. However, all Social Security income of tax filers is counted, regardless of whether it is taxable or not. " ht...
by delamer
Thu Nov 07, 2019 6:14 pm
Forum: Personal Consumer Issues
Topic: Wife's car hit in a parking lot - how to deal with various issues?
Replies: 51
Views: 3663

Re: Wife's car hit in a parking lot - how to deal with various issues?

My parked car was hit in a parking lot by a driver who drove off. Fortunately bystanders got photos and the license plate identified the car. On initial conversations, the at fault party was so sorry and would pay privately. After we got estimates, suddenly they had a cousin who could do the work i...
by delamer
Thu Nov 07, 2019 5:56 pm
Forum: Personal Investments
Topic: Two 529 funds or add a Roth IRA instead
Replies: 17
Views: 835

Re: Two 529 funds or add a Roth IRA instead

The dividend, interest, and capital gains within a 529 are not taxable in the year earned. Nor are they taxable when they are withdrawn from a 529, if the money is used for educational purposes. So what is the advantage of opening a Roth IRA in your mother’s name to hold college funds for your kids,...
by delamer
Thu Nov 07, 2019 5:40 pm
Forum: Forum Issues and Administration
Topic: New Forum for Retirement / Early Retirement
Replies: 6
Views: 830

Re: New Forum for Retirement / Early Retirement

Assuming you mean a new forum within Bogleheads, so many of the investing discussions here relate to retirement that I think it would just make classifying a thread more difficult. If you were posting about asset allocation within your IRA, is that personal investing or retirement?
by delamer
Thu Nov 07, 2019 5:33 pm
Forum: Personal Consumer Issues
Topic: Cutting the Cord & Live Television
Replies: 45
Views: 2900

Re: Cutting the Cord & Live Television

Dropped cable, returned all the boxes and packets and remotes, kept internet only. Saves $100/mth. Never miss it. Installed an RCA HD antenna in my 2nd floor attic very easily, pointed to the stations, great reception on all the major networks, about 50 stations. I already had Netflix and Prime. St...
by delamer
Thu Nov 07, 2019 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: New tables for required distributions
Replies: 12
Views: 932

Re: New tables for required distributions

Remember that this a proposal posted in the Federal Register; the IRS is seeking public comments on changing the tables.

While I imagine it is highly likely that the tables will be adopted, they should be considered preliminary for planning purposes.
by delamer
Wed Nov 06, 2019 5:46 pm
Forum: Personal Investments
Topic: Should I let UBS manage our windfall?
Replies: 23
Views: 2495

Re: Should I let UBS manage our windfall?

Another thing to consider — if a position makes up 5% or less of your portfolio, it is too small to have an impact on your overall return. That’s just math. So the portfolio is unnecessarily complex, by a lot. (But not unusual in that regard for advisory services, based on my observations. They can’...
by delamer
Wed Nov 06, 2019 5:28 pm
Forum: Personal Investments
Topic: Is the effective interest rate of a loan higher when it’s early in amortization period?
Replies: 42
Views: 1595

Re: Is the effective interest rate of a loan higher when it’s early in amortization period?

Thanks for the help, all. Probably could have been a little clearer in the product type I was referencing. Better off paying amortizing loan before a fixed principal loan it looks like. To the poster who said fixed-principal products don't exist in the US - I doubt that as it is more beneficial for...
by delamer
Tue Nov 05, 2019 10:13 pm
Forum: Personal Investments
Topic: convincing someone of the wisdom of 'buy and hold' instead of selling in a market crash
Replies: 38
Views: 2609

Re: convincing someone of the wisdom of 'buy and hold' instead of selling in a market crash

My thought is that you should set aside some money to support your father in his retirement, because he’s going to be in trouble if he continues to buy high and sell low.
by delamer
Tue Nov 05, 2019 10:07 pm
Forum: Personal Investments
Topic: Parent's retirement investing help
Replies: 16
Views: 1818

Re: Parent's retirement investing help

Do they have any liquid assets other than the $50,000? Yes, they have a savings and checkings they use for their monthly expenses. Savings has approximately 4-6 months of emergency fund. This $50k is your parents only savings aside from the 4-6 month emergency fund. You and siblings are helping to ...
by delamer
Tue Nov 05, 2019 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: Want to open a Roth IRA for a teenager...
Replies: 14
Views: 964

Re: Want to open a Roth IRA for a teenager...

We opened Roths for our kids at Vanguard online, and then sent a check to fund the account.

We use Target Date retirement funds, which have a $1,000 minimum. But you can use an ETF like VTI (Total Stock Market) with no minimum.

I don’t think it was a custodial account, but it was awhile ago.
by delamer
Tue Nov 05, 2019 7:08 pm
Forum: Investing - Theory, News & General
Topic: Cost basis step up on death of spouse?
Replies: 43
Views: 2832

Re: Cost basis step up on death of spouse?

the wiki has a good description of step up in basis https://www.bogleheads.org/wiki/Step-up_in_basis Yes, read the Wiki. It depends on whether you live in a community property state or not. Community property is fully stepped up, but in other states, only 1/2 receives a step-up. Does not apply to O...
by delamer
Tue Nov 05, 2019 3:51 pm
Forum: Personal Investments
Topic: How long before retire?
Replies: 14
Views: 2386

Re: How long before retire?

Your retirement assets are $2.5 million. At a 3% withdrawal rate, that’s $75,000/year. So I’d say the ability to access health insurance and pay for it is your biggest obstacle to retirement. Today. So this is the time that you sit down with your wife and determine your priorities. Sure you can affo...
by delamer
Tue Nov 05, 2019 1:28 pm
Forum: Personal Investments
Topic: Retirement
Replies: 21
Views: 2702

Re: Retirement

So in 30 years, you know your expenses will be $160,000 per year? That’s pretty amazing. If you want to save more, then you can either reduce expenses or increase income. The big mortgage and the car loan can be undone/reduced, as an example. It certainly isn’t too late to take control of the situat...
by delamer
Mon Nov 04, 2019 9:42 pm
Forum: Personal Finance (Not Investing)
Topic: Is 529 best held by a Grandparent?
Replies: 6
Views: 789

Re: Is 529 best held by a Grandparent?

If the grandparent controls the account, then s/he can do what s/he wants in terms of investing or withdrawing funds for some non-educational purpose.
by delamer
Mon Nov 04, 2019 9:35 pm
Forum: Personal Consumer Issues
Topic: Wife's car hit in a parking lot - how to deal with various issues?
Replies: 51
Views: 3663

Re: Wife's car hit in a parking lot - how to deal with various issues?

This is an absolute no-brainer (now that I have done the no-brainer mistake). Our car was rear-ended while sitting at a red light. The guy who hit us (quite elderly, nice fellow) begged us not to report it to insurance, begged us to let him pay for it. Took it to a body shop and got a quote. He bla...
by delamer
Mon Nov 04, 2019 6:32 pm
Forum: Personal Investments
Topic: Assistance with next step
Replies: 6
Views: 548

Re: Assistance with next step

I am not sure what you mean by re-allocate.

Are you looking for a suggested allocation or for a process to follow?
by delamer
Mon Nov 04, 2019 5:20 pm
Forum: Personal Consumer Issues
Topic: Wife's car hit in a parking lot - how to deal with various issues?
Replies: 51
Views: 3663

Re: Wife's car hit in a parking lot - how to deal with various issues?

The one time my car was hit (minor damage) and I allowed the person-at-fault to pay me directly, it turned into a hassle. You owe this young woman and her father nothing. They already have caused you/your wife a significant inconvenience because you’ve had to get estimates and not had use of the ve...
by delamer
Mon Nov 04, 2019 4:19 pm
Forum: Personal Consumer Issues
Topic: Wife's car hit in a parking lot - how to deal with various issues?
Replies: 51
Views: 3663

Re: Wife's car hit in a parking lot - how to deal with various issues?

The one time my car was hit (minor damage) and I allowed the person-at-fault to pay me directly, it turned into a hassle. You owe this young woman and her father nothing. They already have caused you/your wife a significant inconvenience because you’ve had to get estimates and not had use of the veh...
by delamer
Mon Nov 04, 2019 2:38 pm
Forum: Personal Investments
Topic: move brokerage mutual funds to Vanguard funds?
Replies: 6
Views: 493

Re: move brokerage mutual funds to Vanguard funds?

So you have — $200,000 annuity (Vanguard) $100,000 annuity (Vanguard) $142,000 brokerage account (elsewhere) And you are withdrawing a total of $18,000 from them annually? If you move the brokerage money to Vanguard, you can either move the investments in-kind (transfer current funds) or you can sel...
by delamer
Mon Nov 04, 2019 2:19 pm
Forum: Personal Consumer Issues
Topic: Paying a contractor in cash
Replies: 48
Views: 1592

Re: Paying a contractor in cash

Sorry, I should not have generalized. It's 7 payments of $9800 and three smaller payments to make up the remainder. It sounds like the contractor may be trying to avoid the 10,000 threshold on the deposit side. +1 very weird and I would decline the discount and pay by check. Its interesting...most ...
by delamer
Mon Nov 04, 2019 2:10 pm
Forum: Personal Consumer Issues
Topic: Paying a contractor in cash
Replies: 48
Views: 1592

Re: Paying a contractor in cash

Northern Flicker wrote:
Mon Nov 04, 2019 2:04 pm
This is a major red flag. Don’t pay in greenbacks or check. Find another contractor.
We have a contractor that we use frequently that we always pay by check.

Credit cards are not an option, nor do they offer financing.
by delamer
Mon Nov 04, 2019 1:57 pm
Forum: Personal Consumer Issues
Topic: Paying a contractor in cash
Replies: 48
Views: 1592

Re: Paying a contractor in cash

So the contractor meant literal cash?

Usually it’s cash as in a check, rather than a credit card or financing.

I wouldn’t do it. It’s a way for the contractor to circumvent taxes.
by delamer
Mon Nov 04, 2019 1:39 pm
Forum: Personal Investments
Topic: half steps to embracing a 4 fund portfolio
Replies: 6
Views: 412

Re: half steps to embracing a 4 fund portfolio

Here on Bogleheads, I expect you’ll find some agreement on almost any prediction that you make about stock market returns for different sectors. But overall, most of us agree that “nobody knows nothin’.” And so, investing in a simple lazy portfolio — like the 4 fund — is the best course going forward.
by delamer
Mon Nov 04, 2019 1:30 pm
Forum: Personal Investments
Topic: Parent's retirement investing help
Replies: 16
Views: 1818

Re: Parent's retirement investing help

Do they have any liquid assets other than the $50,000?