Search found 78 matches

by Willy
Mon Jul 31, 2017 8:39 pm
Forum: Investing - Help with Personal Investments
Topic: Non Qual Wrinkle - anyone with experience?
Replies: 1
Views: 285

Re: Non Qual Wrinkle - anyone with experience?

you need someone who knows what they are doing to review the nonqualified plan documents to determine (1) when your account will be distributed under the current terms of the documents when your employer is acquired; and (2) what opportunity there is, if any, to adjust the payout date without runnin...
by Willy
Sun Feb 26, 2017 10:08 pm
Forum: Investing - Help with Personal Investments
Topic: Donating Vanguard Admiral shares to Fidelity Charitable
Replies: 11
Views: 1225

Re: Donating Vanguard Admiral shares to Fidelity Charitable

Kiddoc, I have done donated the exact same shares (Admiral Total Stock Market) to Fidelity Charitable multiple times. As others have said, it is simple and Fidelity handles everything once you send in the signed form confirming the donation. I understand your question since it is true that Fidelity ...
by Willy
Mon Dec 05, 2016 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: What is best health ministry for health insurance?
Replies: 24
Views: 2688

Re: What is best health ministry for health insurance?

10-year Medishare members. Very pleased overall. We have fairly high deductible "plan" now and rarely submit claims. Six years ago, though, my wife had very expensive treatment for serious cancer. Medishare was a bit slow in paying providers sometimes, but did ultimately pay for all costs ...
by Willy
Wed Nov 30, 2016 9:11 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity DAF contribution experience
Replies: 14
Views: 937

Re: Fidelity DAF contribution experience

People's experiences seem to be all over the map. I have transferred Vanguard mutual fund shares to my Fidelity DAF several times recently easily and without a medallion signature guarantee. If memory serves me correctly, I initiate the transaction online with Fidelity, then print out the Fidelity f...
by Willy
Wed Oct 26, 2016 3:18 pm
Forum: Investing - Theory, News & General
Topic: www.portfoliocharts.com ... "The Coolest Portfolio Tool on the Web"?
Replies: 177
Views: 36199

Re: www.portfoliocharts.com ... "The Coolest Portfolio Tool on the Web"?

Thanks, Tyler. You are right about the TIAA holding being illiquid and thus not available for rebalancing. I have enough money in Vanguard bond funds to achieve any necessary rebalancing. While that arrangement might not fit perfectly with the calculators, I think they are still extremely helpful an...
by Willy
Tue Oct 25, 2016 9:09 pm
Forum: Investing - Theory, News & General
Topic: www.portfoliocharts.com ... "The Coolest Portfolio Tool on the Web"?
Replies: 177
Views: 36199

Re: www.portfoliocharts.com ... "The Coolest Portfolio Tool on the Web"?

Thanks very much for responding, but I am using the TIAA Traditional product for investment purposes, not for income purposes. It is unlikely that I will ever receive annuity payments from it. I treat my investment in the TIAA Traditional account as part of my fixed income allocation. Currently, it ...
by Willy
Mon Oct 24, 2016 7:34 pm
Forum: Investing - Theory, News & General
Topic: www.portfoliocharts.com ... "The Coolest Portfolio Tool on the Web"?
Replies: 177
Views: 36199

Re: www.portfoliocharts.com ... "The Coolest Portfolio Tool on the Web"?

The site and charts are outstanding! Thanks very, very much!!

Any thoughts about how to include TIAA Traditional in completing one's asset allocation for purposes of the total return and sd calcualtions?
by Willy
Mon Aug 22, 2016 7:05 pm
Forum: Investing - Help with Personal Investments
Topic: do i need 3(38) or 3(21) to be fiduciary to open up 401k?
Replies: 10
Views: 652

Re: do i need 3(38) or 3(21) to be fiduciary to open up 401k?

That generally looks like a good fund line-up to me with little fiduciary duty risk. The providers you have mentioned might be the best you can do, but before pulling the trigger, I suggest you check out whether Fidelity and/or Vanguard would serve as the record keeper for the plan. Fidelity's servi...
by Willy
Mon Aug 22, 2016 6:37 pm
Forum: Investing - Help with Personal Investments
Topic: do i need 3(38) or 3(21) to be fiduciary to open up 401k?
Replies: 10
Views: 652

Re: do i need 3(38) or 3(21) to be fiduciary to open up 401k?

Employee benefits attorney here. You are not required to engage outside party to be either 3(21) or 3(38) fiduciary. Whether you should do so even though not legally required to do so is a function of (1) how many employees will be covered under the plan; (2) how sophisticated you are in terms of be...
by Willy
Mon Apr 11, 2016 10:05 pm
Forum: Investing - Theory, News & General
Topic: Annuities and longevity risk, analyzing the problem
Replies: 45
Views: 5028

Re: Annuities and longevity risk, analyzing the problem

Thanks, Taylor! You are a wise and understandably satisfied man.
by Willy
Mon Apr 11, 2016 9:11 pm
Forum: Investing - Theory, News & General
Topic: Annuities and longevity risk, analyzing the problem
Replies: 45
Views: 5028

Re: Annuities and longevity risk, analyzing the problem

Another great article, Larry!! Thanks! The mortality credits make DAs intriguing. Yet, when one thinks of a DA as insurance and keeps in mind the principle re buying insurance that you state well (i.e., only insure risks you can't handle yourself), it seems like a DA is not appropriate for someone w...
by Willy
Mon Jan 04, 2016 9:42 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Part D
Replies: 5
Views: 654

Medicare Part D

From the various Medicare threads, it seems like virtually everyone enrolls in some type of Medicare supplement AND in Part D (drug coverage) when they enroll in Part A and Part B. I realize that many drugs are hugely expensive and that one never knows when they will be needed. Still, if one is bles...
by Willy
Tue Nov 03, 2015 8:21 pm
Forum: Personal Finance (Not Investing)
Topic: Changes to Social Security
Replies: 477
Views: 58000

Re: Changes to Social Security

Thanks very much, Mike, and SS Critic!! I will review the linked material and let you know if I agree. I think I am dead in the water. 404.415(b) seems on point and clear. I believe that the term " beneficiary" in the last link refers to the insured worker (e.g., me), not to a spouse. Than...
by Willy
Tue Nov 03, 2015 10:06 am
Forum: Personal Finance (Not Investing)
Topic: Changes to Social Security
Replies: 477
Views: 58000

Re: Changes to Social Security

Maybe I gave up too soon, Mike. Will wife's spousal benefits that are withheld due to my exceeding the SS earnings limit also be increased due to being withheld in the same way that my benefit is increased due to being withheld? If so, that wouldn't be a bad result.

Thanks!
by Willy
Tue Nov 03, 2015 10:04 am
Forum: Personal Finance (Not Investing)
Topic: Changes to Social Security
Replies: 477
Views: 58000

Re: Changes to Social Security

They got me, I guess. So, nothing works for us. Oh, well. On to figuring out just how much longer than my wife's FRA I should work.

Thanks, very much!

Btw, I appreciated your first SS book and look forward to the updated version.
by Willy
Tue Nov 03, 2015 9:38 am
Forum: Personal Finance (Not Investing)
Topic: Changes to Social Security
Replies: 477
Views: 58000

Re: Changes to Social Security

Thank, Mike! I have one further thought. If I keep working and have wages more than two times the SS earnings limit, does that come close to filing and suspending under the old rules. For example, if I file at my age 64.1, which is my wife's FRA, but have wages well above the earnings limit, maybe I...
by Willy
Mon Nov 02, 2015 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: Changes to Social Security
Replies: 477
Views: 58000

Re: Changes to Social Security

Dodecahedron, Thanks very much! Unfortunately, your explanation is exactly what I thought and feared might be the case. Under the new rules, looking just at SS, my filing at 64.1 when spouse gets unreduced spousal benefit or possibly at my FRA is the best approach unless one of us lives until about ...
by Willy
Mon Nov 02, 2015 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: Changes to Social Security
Replies: 477
Views: 58000

Re: Changes to Social Security

Thanks SO much to Mike and others for their extremely helpful input. Searched for my fact scenario, but didn't see it. Sorry if it missed it. I am a little confused about whether our already being >62 helps or not. Me: DOB 6/1952; PIA about $2400 Dear Wife: DOB 7/1950; no SS earned benefit Previous ...
by Willy
Tue Oct 13, 2015 9:24 pm
Forum: Investing - Theory, News & General
Topic: Is Wade Pfau right about annuities over [bond funds] in a retirement portfolio?
Replies: 67
Views: 8591

Re: Is Wade Pfau right about annuities over bonds in a retirement portfolio?

I am curious, Siamond, why you say "clearly not." I realize that Joe in no sense needs to buy the SPIA. Is your "clearly not" response because he is unnecessarily putting the cost of the SPIA at risk, as in he wasted his heirs money if he dies shortly after purchasing the SPIA? A...
by Willy
Tue Oct 13, 2015 8:59 pm
Forum: Investing - Theory, News & General
Topic: Is Wade Pfau right about annuities over [bond funds] in a retirement portfolio?
Replies: 67
Views: 8591

Re: Is Wade Pfau right about annuities over bonds in a retirement portfolio?

The argument for using an SPIA for someone in Otar's "gray zone" makes a lot of sense to me. What I am having a harder time with is if an SPIA makes sense for someone in the "green zone," i.e., who has enough assets to generate sufficient income under virtually any conceivable sc...
by Willy
Sat May 30, 2015 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: Comparing two common Social Security claiming strategies for married couples
Replies: 41
Views: 7410

Re: Comparing two common Social Security claiming strategies for married couples

Thanks very much, Enkidu!!! I really appreciate your efforts and help!
by Willy
Wed May 27, 2015 9:14 pm
Forum: Personal Finance (Not Investing)
Topic: Just Received 2014 Form 5498 from Vanguard
Replies: 6
Views: 1793

Re: Just Received 2014 Form 5498 from Vanguard

Not that it hurts to do so, but if one is over age 59.5, is there even a reason to keep the form?
by Willy
Wed May 27, 2015 9:03 pm
Forum: Personal Finance (Not Investing)
Topic: Comparing two common Social Security claiming strategies for married couples
Replies: 41
Views: 7410

Re: Comparing two common Social Security claiming strategies for married couples

Very impressive, Enkidu! Thanks very much. Here is a scenario (ours) that is quite different, I think, than those you have addressed so far. DH - male age 63, retires at age 64 PIA 2450 above average health DW - female age 65 PIA 0 average health Our previous plan was for DH to begin benefits at age...
by Willy
Tue May 20, 2014 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited IRA decision
Replies: 16
Views: 1827

Re: Inherited IRA decision

Sorry for your loss, CMan. We are planning for similar situation but have come to opposite conclusion. Elderly parents have recently decided to name kids as primary beneficiaries of their IRAs, instead of naming each other. The reasoning for this decision is that in our case, (1) surviving spouse wi...
by Willy
Sun Dec 15, 2013 10:48 pm
Forum: Personal Finance (Not Investing)
Topic: Deferred Compensation Plan
Replies: 27
Views: 2850

Re: Deferred Compensation Plan

That is generally correct, Tomato, but here, where there is an employer matching contribution involved, I would say it is worth participating unless you were pretty sure your tax rate at the time of distribution would definitely be less than at the time of contribution. We obviously don't know all o...
by Willy
Sun Dec 15, 2013 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: 2013 TurboTax: Which Product? New Rules?
Replies: 302
Views: 43577

Re: 2013 TurboTax: Which Product? New Rules?

So, for most of us, is the basic trade-off that the online version includes free state e-filing, but won't support Schedule D, while the desktop version is the opposite, i.e., includes Schedule D, but no free state e-filing?
by Willy
Sun Dec 15, 2013 9:11 pm
Forum: Personal Finance (Not Investing)
Topic: Deferred Compensation Plan
Replies: 27
Views: 2850

Re: Deferred Compensation Plan

Don't disagree with most of the comments so far, but I would seriously consider participating, at least for 2% of pay. This will result in .5% of pay matching contribution from the employer. Your wife won't get that matching contribution otherwise. I realize that .5% of pay is not a huge amount. Sti...
by Willy
Sat Jun 08, 2013 9:24 pm
Forum: Investing - Theory, News & General
Topic: Investing your whole 401k into startup touted as great idea
Replies: 7
Views: 965

Re: Investing your whole 401k into startup touted as great i

There are significant legal issues involved in these arrangements that the promoters (and their customers) often either don't recognize or deliberately ignore. The IRS is well aware of the situation. I recommend that anyone considering entering into one of these arrangements consult an experienced e...
by Willy
Sun Jan 27, 2013 8:04 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA-CREF Real Estate acceptable REIT substitute?
Replies: 14
Views: 2423

Re: TIAA-CREF Real Estate acceptable REIT substitute?

Sounds like most folks posting on this thread so far believe that the TIAA-CREF Real Estate fund is superior to REITS, such as Vanguard's. Does anyone see any advantages to Vanguard's REIT over the TIAA Real Estate fund?

Thanks much.
by Willy
Mon Jan 23, 2012 8:32 pm
Forum: Investing - Help with Personal Investments
Topic: How have the BOGLEHEADS helped you?
Replies: 67
Views: 6121

Re: How have the BOGLEHEADS helped you?

How have the Bogleheads helped you? They have taught me a ton and helped me to have more confidence and discipline about staying the course How did you find the Bogleheads? not sure Did you read any of the recommended books? Yes, all of the standard recommendations. What did you learn? Asset allocat...
by Willy
Mon Dec 19, 2011 11:09 pm
Forum: Investing - Theory, News & General
Topic: Americans spend $1 billion annually in unnecessary state tax
Replies: 144
Views: 20046

Re: Backdoor Both -- have your cake and eat it too

Bru, If you figure out that you are eligible for the "Backdoor Both" approach and are a Flagship customer, you can implement the strategy simply by calling Vanguard. The same option may be eligible for non-Flagship customers; I just don't know. I did this recently in a single, if a little ...
by Willy
Sun Dec 18, 2011 8:15 am
Forum: Investing - Theory, News & General
Topic: Turbo Tax thru Vanguard for Flagship clients ?
Replies: 47
Views: 5266

Re: Turbo Tax thru Vanguard for Flagship clients ?

Thanks, Huey! One wonders a little why Vanguard makes it a bit of a treasure hunt actually to get to Turbo Tax. As far as the fee structure goes, I agree that it is less than obvious. I am curious as to why you think there is no free state e-file for Flagship customers using the online version of Tu...
by Willy
Tue Dec 13, 2011 11:24 pm
Forum: Investing - Theory, News & General
Topic: Americans spend $1 billion annually in unnecessary state tax
Replies: 144
Views: 20046

Re: Backdoor Both -- have your cake and eat it too

Thanks very much, Alan. While it is not the answer I wanted to hear, it is what I expected to hear. I do want to use a simplified version of this approach for 2012 also, so I need to get 2011 handled in 2011. I will check with Vanguard to see how much can be done electronically or by phone. Thanks, ...
by Willy
Tue Dec 13, 2011 9:49 pm
Forum: Investing - Theory, News & General
Topic: Americans spend $1 billion annually in unnecessary state tax
Replies: 144
Views: 20046

Re: Backdoor Both -- have your cake and eat it too

Thanks very much to the OP and all others who have made this a very helpful thread. I want to recharacterize a portion of my 2011 Roth contribution in order to avoid state (North Carolina) income tax on it. Since I am out of the country and will not return until January 2012, it would be a lot easie...
by Willy
Thu Jan 13, 2011 9:20 pm
Forum: Investing - Help with Personal Investments
Topic: Questions about non-government 457b plans...
Replies: 9
Views: 2462

You are probably right. I should have qualified the wording in my #5 to say something like "if you are satisfied that there is no meaningful risk of insolvency." Of course, there probably are not very many institutions about which one can reasonably say that looking 25 or more years into t...
by Willy
Thu Jan 13, 2011 8:23 pm
Forum: Personal Finance (Not Investing)
Topic: Private 457 deferred comp payout strategy
Replies: 3
Views: 803

Why do you say that you will be responsible for both sides of ss/mc tax? I don't think that is correct.
by Willy
Thu Jan 13, 2011 7:46 pm
Forum: Investing - Help with Personal Investments
Topic: Questions about non-government 457b plans...
Replies: 9
Views: 2462

A few points: 1. If it is a 457(b) plan, it is an "eligible plan." If it is a 457(f) plan, it is an "ineligible plan." The "(b)" and "(f)" refer to subsections of Internal Revenue Code section 457. The tax treatment of 457(f) plans is not nearly as favorable a...
by Willy
Fri Jan 07, 2011 9:42 pm
Forum: Investing - Theory, News & General
Topic: Excellent Article re Stable Value Funds
Replies: 45
Views: 9471

Thanks, LadyGeek!

See what you think when you get a chance to at least skim the paper.
by Willy
Fri Jan 07, 2011 9:14 pm
Forum: Investing - Theory, News & General
Topic: Excellent Article re Stable Value Funds
Replies: 45
Views: 9471

Excellent Article re Stable Value Funds

The link below, or a corrected version of it , takes you to where you can download an incredibly thorough article re stable value funds by David Babbel, a professor at Wharton. While very technical in places, the article is well written. Babbel's conclusion is that stable value funds should play an ...
by Willy
Fri Jan 07, 2011 8:27 pm
Forum: Personal Finance (Not Investing)
Topic: Two Questions re: unauthorized distribution of 457b funds
Replies: 26
Views: 6254

Protagonist, I realize that what happened seems harsh and wrong to you. The fact is, though, that the law requires that a distribution from a 457(b) plan be made to a terminated employee unless the employee makes an election to defer the distribution within a relativley short period of time followin...
by Willy
Sat Jan 01, 2011 9:11 pm
Forum: Investing - Theory, News & General
Topic: Profit Sharing 401k vs Money Purchase Plan pros/cons
Replies: 5
Views: 3840

LH, it used to be that a money purchase pension plan allowed the employer to contribute more money than was possible under a profit-sharing plan. That is no longer the case. Under current law, there are no advantages to a money purchase pension plan and some disadvantages. If one were writing on a b...
by Willy
Mon Nov 01, 2010 8:43 pm
Forum: Investing - Help with Personal Investments
Topic: Employer changing 401k provider, can I do my own rollover?
Replies: 11
Views: 6202

Sorry, Ariel, but no can do. You generally cannot get your money out of your employer's plan before you terminate employment or, if allowed by the plan, you attain age 59.5. The fact that your employer is changing recordkeepers and/or investment options is irrelevant, from a legal perspective.
by Willy
Sun Oct 03, 2010 7:28 pm
Forum: Personal Finance (Not Investing)
Topic: A COBRA question
Replies: 4
Views: 949

Brad, there is no way that your friend would lose his right to elect COBRA coverage. He will have 60 days to make his election after receiving notice of his ability to do so.

If the employer violates the COBRA rules, that can only help the individual; it cannot hurt him.

Best regards, Bill
by Willy
Wed Apr 21, 2010 8:12 pm
Forum: Investing - Theory, News & General
Topic: tax-adjust AA for 401(k), IRAs? i'd say don't (but ask why)
Replies: 24
Views: 3038

Here is what I do, and it seems simple enough and marginally helpful to me: Using the TRowePrice Portfolio Manager tool, I enter two portfolios. The first one is my actual portfolio, unadjusted. The second one is adjusted by multiplying the share holdings in my traditional IRA by .85, thus assuming ...
by Willy
Tue Apr 20, 2010 9:17 pm
Forum: Investing - Theory, News & General
Topic: tax-adjust AA for 401(k), IRAs? i'd say don't (but ask why)
Replies: 24
Views: 3038

You are probably right re "most folks" Andy. But, if one knows that hs is not "most folks," i.e., that his required IRA distributions will be taxed (either because of the size of the distributions themselves, or the existence of other income), then doesn't it make sense to tax ad...
by Willy
Sun Dec 27, 2009 10:41 pm
Forum: Investing - Help with Personal Investments
Topic: Do you adjust allocations based on taxes?
Replies: 40
Views: 5757

The AA is for risk control. For instance, take a 50/50 AA for $1M portfolio. 401K $500K Total Bond ($425K after 15% tax reserve) Roth IRA $500K Total World The allocation is not 54/46 Equity/Fixed and the Equity risk is not more than $500K. Landy, while the facts of one's personal situation will de...
by Willy
Sat Dec 19, 2009 9:23 am
Forum: Personal Finance (Not Investing)
Topic: Desktop TurboTax Available from Vanguard Yet?
Replies: 19
Views: 3825

Thanks, Soaker. Your answer to my second question confirms what I thought. So, the online option is better if, like me, one is preparing only one return and is not put off by online security/privacy concerns.
by Willy
Fri Dec 18, 2009 9:07 pm
Forum: Personal Finance (Not Investing)
Topic: Desktop TurboTax Available from Vanguard Yet?
Replies: 19
Views: 3825

A couple of questions if anyone knows: 1. If you are Flagship and, therefore, get the free download of Turbo Tax Deluxe, are there fees for e-filing federal or one state return? 2. If you are Flagship, is there any difference in e-filing fees between using the online version and using the download v...
by Willy
Sat Sep 19, 2009 7:48 am
Forum: Investing - Help with Personal Investments
Topic: % of Social Security You Lose if You Retire Early
Replies: 59
Views: 10517

As something of a mirror image to Tortoise, my non-earning spouse is two years older than me and has recently developed medical problems. This now makes me think that I should start SS at age 62 so that she can start drawing spousal benefits. The advantage of the spousal benefit being a little great...
by Willy
Sun Sep 06, 2009 9:15 pm
Forum: Personal Finance (Not Investing)
Topic: New Portfolio X-Ray Tool;
Replies: 10
Views: 2371

VSS used to show up as "Other", making it easy to add into foreign equity percentage. Unless I am missing something, it now does not show up at all. Also, assuming Max is right re cash, it still makes using the tool much less helpful because your choices seem to be excluding cash that you ...