Search found 44 matches

by Euclidian
Sun Nov 04, 2018 10:12 am
Forum: Personal Finance (Not Investing)
Topic: Helping Mom after Dad died talking with financial institutions
Replies: 8
Views: 939

Re: Helping Mom after Dad died talking with financial institutions

I suggest contacting the institution you wish to transfer the money to and getting yourself setup in their system as able to make transactions for your parent. It will require your parent to sign some forms and perhaps get them notarized. This worked well for me in a similar situation and was much b...
by Euclidian
Wed Oct 24, 2018 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: Tax planning- Pensions, delaying SS, converting?
Replies: 16
Views: 1050

Re: Tax planning- Pensions, delaying SS, converting?

Up to $15,000 per year per recipient does not reduce the lifetime exemption.

Any amount over $15,000 reduces the lifetime exemption and requires filing form 709 with your tax return. However, there is no tax due until one exceeds the lifetime exemption.
by Euclidian
Mon Feb 12, 2018 6:38 pm
Forum: Personal Finance (Not Investing)
Topic: Question for TaxAide Volunteers
Replies: 10
Views: 1167

Re: Question for TaxAide Volunteers

Yes, on Saturday I had carryover data appear for a client who had done their return in a different state last year.
by Euclidian
Mon Feb 12, 2018 12:34 pm
Forum: Investing - Help with Personal Investments
Topic: "Laid off, choices re 401k loan and rollover - Help Requested"
Replies: 19
Views: 2529

Re: "Laid off, choices re 401k loan and rollover - Help Requested"

Any portion of your 401k that is pre-tax (most 401k are this type) should be rolled over to a traditional IRA

Any portion of your 401k that is a Roth 401k should be rolled over to a Roth IRA
by Euclidian
Mon Feb 12, 2018 11:36 am
Forum: Investing - Help with Personal Investments
Topic: "Laid off, choices re 401k loan and rollover - Help Requested"
Replies: 19
Views: 2529

Re: "Laid off, choices re 401k loan and rollover - Help Requested"

Your question isn't clear to me so here are a couple responses depending on the specific question: If you have funds in a 401k (pre-tax, most accounts are this type) then you can roll it over to a traditional IRA. I recommend either Fidelity, Vanguard, or Schwab. If you have funds in a Roth 401k the...
by Euclidian
Sat Dec 02, 2017 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Handling after death affairs for my deceased domestic partner
Replies: 17
Views: 2500

Re: Handling after death affairs for my deceased domestic partner

I'm sorry for your loss. I suggest the NOLO book on being an executor: buy or borrow from library. The first step is likely to see what simple probate process your state has so that you can transfer title and sell her car as well as access her account to change it to an estate account. Bill should b...
by Euclidian
Tue Oct 03, 2017 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Senior citizens can lose everything [to professional guardians via court rulings]
Replies: 111
Views: 12360

Re: Senior citizens can lose everything [to professional guardians via court rulings]

I agree that having an advance document won't stop the horrible events described. My hope is that it will provide ammunition for my children to fight back in court after the fact and overturn the guardianship.
by Euclidian
Tue Oct 03, 2017 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: Senior citizens can lose everything [to professional guardians via court rulings]
Replies: 111
Views: 12360

Re: Senior citizens can lose everything [to professional guardians via court rulings]

As I mentioned in one of the merged threads there is a document that you can fill out in advance of need specifying who you would like as guardian should the situation arise. In Texas it is called "Declaration of Guardian in the Event of Later Incapacity or Need of Guardian". I'm not sure how useful...
by Euclidian
Tue Oct 03, 2017 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Senior citizens can lose everything [to professional guardians via court rulings]
Replies: 111
Views: 12360

Re: Senior citizens can lose everything [to professional guardians via court rulings]

In Texas there is a document "Declaration of Guardian in the Event of Later Incapacity or Need of Guardian" that can be filled out in advance of need. I assume it would be helpful in presenting to the court to stop an unwanted professional guardian.
by Euclidian
Mon Jun 05, 2017 11:36 am
Forum: Investing - Help with Personal Investments
Topic: Received inheritance, feel paralyzed as to what to do next
Replies: 16
Views: 2733

Re: Received inheritance, feel paralyzed as to what to do next

In addition to the good advice above, I'd specifically avoid Edward Jones. If you eventually decide to invest in mutual funds or ETF's consider Vanguard, Schwab, or Fidelity.
by Euclidian
Fri Apr 28, 2017 9:10 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Investing for Elderly Parents
Replies: 14
Views: 1728

Re: Help with Investing for Elderly Parents

As mentioned above it does depend on how much money, their tax bracket and their other investments.

A good place to start is to use Vanguard's "recommended" fund for someone their age VTINX and adjust from there.
by Euclidian
Fri Jan 27, 2017 1:28 pm
Forum: Investing - Help with Personal Investments
Topic: Help with mother-in-law's finances
Replies: 34
Views: 3297

Re: Help with mother-in-law's finances

1) Should she take the monthly annuity of $1680 or take the lump sum? It is generally better to take the annuity if the pension is well funded. You'd have to list the specific company to get better feedback. 2) If she takes the lump sum, what should she do with it? Roll over to an IRA first. Then de...
by Euclidian
Tue Nov 22, 2016 9:57 pm
Forum: Investing - Help with Personal Investments
Topic: for a friend TIRA question
Replies: 8
Views: 894

Re: for a friend TIRA question

All three funds are fine choices.

I suggest the Vanguard Target Retirement Fund because it is created specifically for someone like her -- isn't sure what she needs and wants to forget about it until age 59 1/2
by Euclidian
Fri Apr 15, 2016 8:35 am
Forum: Personal Finance (Not Investing)
Topic: Setting Up Fidelity AmEx on Quicken
Replies: 7
Views: 781

Re: Setting Up Fidelity AmEx on Quicken

Try using "Bankcard Services" rather than FIA card services as the provider.
by Euclidian
Fri Oct 16, 2015 10:39 am
Forum: Personal Finance (Not Investing)
Topic: Question on using Fidelity Cash Management Account online
Replies: 3
Views: 609

Re: Question on using Fidelity Cash Management Account online

Yes, use the "Full View" application within Fidelity under the "Accounts and Trade" heading.
by Euclidian
Thu Sep 03, 2015 6:04 pm
Forum: Investing - Help with Personal Investments
Topic: Please help review 67 yr old mom's portfolio
Replies: 16
Views: 1686

Re: Please help review 67 yr old mom's portfolio

2. Sell IRA holdings and put into a low expense ratio target date or asset allocation fund (something close to 40% stock, 60% bonds) with dividends not reinvested. These dividends can be used for future required distributions. Ah thanks! I had not thought of doing that with dividends. That's a grea...
by Euclidian
Thu Sep 03, 2015 3:47 pm
Forum: Investing - Help with Personal Investments
Topic: Please help review 67 yr old mom's portfolio
Replies: 16
Views: 1686

Re: Please help review 67 yr old mom's portfolio

To your original question of steps .... 1. Pay off the high interest debt 2. Sell IRA holdings and put into a low expense ratio target date or asset allocation fund (something close to 40% stock, 60% bonds) with dividends not reinvested. These dividends can be used for future required distributions....
by Euclidian
Tue Aug 04, 2015 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: ACA (ObamaCare) Subsidy - Early Retirement
Replies: 18
Views: 2682

Re: ACA (ObamaCare) Subsidy - Early Retirement

The general idea of managing income in light of the health care subsidy is a good one but you'd need to dig into the numbers. As stated in the other reply, look at a subsidy calculator for your specific state. Also, I'd suggest getting a cheap 2014 tax program (or taxcaster). With these two you can ...
by Euclidian
Tue Jul 21, 2015 7:02 pm
Forum: Personal Consumer Issues
Topic: El Paso into Juarez - Day trip w/ family - Safe and practical?
Replies: 33
Views: 9724

Re: El Paso into Juarez - Day trip w/ family - Safe and practical?

El Paso is the safest city in the US -- has been for several years. I've commuted over the bridges almost daily into Juarez for several years and am an Anglo who doesn't speak Spanish. Juarez crime is reduced and I would feel comfortable taking a family for a walk over to a restaurant. However, I wo...
by Euclidian
Sun Jul 12, 2015 7:19 pm
Forum: Investing - Help with Personal Investments
Topic: what to use for a taxable account for a 70 year old
Replies: 7
Views: 1335

Re: what to use for a taxable account for a 70 year old

At her income level, tax efficiency isn't a significant factor. At Vanguard she could consider something like VASIX LifeStrategy Income Fund. Laddered CD's or a savings account could also be a good choice if she expects to spend down these funds in less than five years.
by Euclidian
Thu Nov 14, 2013 9:53 am
Forum: Personal Finance (Not Investing)
Topic: Engineering Career Path [moving within company]
Replies: 26
Views: 2950

Re: Engineering Career Path [moving within company]

I've had experience moving between roles: manufacturing engineering, product engineering, business side, project management, product development, supervisor, manager. Whether one gets stuck in a certain role or has the flexibility to try something and then move back really depends on the specific si...
by Euclidian
Sun Jul 14, 2013 5:47 pm
Forum: Investing - Help with Personal Investments
Topic: Evaluating risk of private bank stock
Replies: 8
Views: 800

Re: Evaluating risk of private bank stock

I posed the question here precisely because of my concern for the concentrated risk that is so large a part of our worth. If it weren't that we were so close to being in low tax rate years (initial retirement years) the decision would be easy -- sell. Eureka's real life example of a small Midwestern...
by Euclidian
Sun Jul 14, 2013 1:51 pm
Forum: Investing - Help with Personal Investments
Topic: Evaluating risk of private bank stock
Replies: 8
Views: 800

Re: Evaluating risk of private bank stock

I also would not let the tax tail wag the investing dog. If you're interested in the bank's health, perhaps it comes up here? http://www.depositaccounts.com/banks/health.aspx Thank you for your reply. The website you referenced gives a good explanation of how they evaluate the risk and gives specif...
by Euclidian
Sun Jul 14, 2013 1:11 pm
Forum: Investing - Help with Personal Investments
Topic: Evaluating risk of private bank stock
Replies: 8
Views: 800

Evaluating risk of private bank stock

My wife owns shares in a private bank corporation that are over 20% of our net worth. These shares are very highly appreciated. We can either sell now and pay significant capital gains or wait four years until retirement and pay a very low tax rate. The risk in waiting is that the shares could have ...
by Euclidian
Sat Mar 30, 2013 9:39 am
Forum: Personal Finance (Not Investing)
Topic: Updated discussion of Basis Isolation Issues
Replies: 6
Views: 765

Re: Updated discussion of Basis Isolation Issues

Thank you for the excellent link. The article is more clear than the previous Fairmark article. I'm planning on using the method where I 1. In-service withdraw my 401k after-tax contributions along with the accompanying earnings into a taxable IRA 2. Roll the pre-tax portion back into my 401k 3. Con...
by Euclidian
Sun Sep 09, 2012 7:39 pm
Forum: Personal Consumer Issues
Topic: Science PhD --> Engineering?
Replies: 62
Views: 6397

Re: Science PhD --> Engineering?

As others have stated, a PE license is only useful in certain jobs or industries. I've had it for many years but it hasn't ever been needed and hasn't affected my career. Only get it if you are in an industry where it is of benefit. With your background should consider looking specifically for oppor...
by Euclidian
Sat Sep 08, 2012 7:39 pm
Forum: Investing - Help with Personal Investments
Topic: After tax 401k funds to Roth 401k?
Replies: 4
Views: 1610

Re: After tax 401k funds to Roth 401k?

Distributions of post-1986 after-tax contributions must bring a proportionate share of earnings. Pre-1987 do not. If you do an in-plan conversion of the after-tax amounts, there will be taxes due on the earnings which will be converted. I'm assuming that this is a non-trivial amount considering how...
by Euclidian
Fri Sep 07, 2012 11:31 pm
Forum: Investing - Help with Personal Investments
Topic: After tax 401k funds to Roth 401k?
Replies: 4
Views: 1610

After tax 401k funds to Roth 401k?

I have both after tax and pre-tax funds in my 401k (about half of the total 401k with over 90% of that pre-tax) that Fidelity says can be rolled over into IRA's (Roth and T-IRA respectively). However, I'm avoiding that because of the large withholding amount required if I follow the recommended meth...
by Euclidian
Sat Jul 07, 2012 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: I'm 28, can/should I be on my parents auto insurance policy?
Replies: 13
Views: 6269

Re: I'm 28, can/should I be on my parents auto insurance pol

Been through a similar situation with my adult children -- If you are resident at the home it is fine (and less expensive) to be on your parent's policy (whether car is in your name or theirs) so long as you are clear with the insurance company that you are the primary driver of the car and the rate...
by Euclidian
Mon Jun 18, 2012 10:39 pm
Forum: Personal Finance (Not Investing)
Topic: Was a DINK now a HENRY
Replies: 45
Views: 7460

Re: Was a DINK now a HENRY

Many of my friends are SITCOM's.

Single Income, Two (three) Children, Outrageous Mortgage.
by Euclidian
Sun Jun 03, 2012 2:42 pm
Forum: Personal Consumer Issues
Topic: "Getting Things Done"-David Allen
Replies: 71
Views: 5568

Re: "Getting Things Done"-David Allen

I've found David Allen's approach, like many others I've tried, (Covey, Franklin, etc.) to be good in principle but not maintainable in reality because they are cumbersome. The only thing that I've been able to maintain and that has really helped has been based on the Total Workday Control (using Mi...
by Euclidian
Sat May 05, 2012 9:18 am
Forum: Investing - Help with Personal Investments
Topic: Rollover of after tax 401K contributions
Replies: 44
Views: 5450

Re: Rollover of after tax 401K contributions

I'm also considering a similar move and welcome comments on anything I'm missing. I've read through all the threads but don't see my exact situation. I've a 401k at Fidelity -- about half of which of which is eligible for in-service withdrawal/rollover. The eligible portion has both after-tax (pre-1...
by Euclidian
Tue Jan 17, 2012 1:00 pm
Forum: Investing - Help with Personal Investments
Topic: AA and Future Contribution Help for new member- Info Updated
Replies: 46
Views: 2456

Re: AA and Future Contribution Help for new member

Some more experienced board members will give more comprehensive advice. However, a few items for your consideration =Contribute 401k monies all after-tax rather than Roth =Back-door Roth (see Wiki) to increase funds in tax advantaged space that can be invested with low expenses =Convert taxable acc...
by Euclidian
Sat Nov 26, 2011 11:05 am
Forum: Personal Consumer Issues
Topic: AOL Advertising - More & More
Replies: 8
Views: 924

Re: AOL Advertising - More & More

If you would like to keep the AOL e-mail address you can change to their free service (no monthly fee). I don't know of any significant difference between the free service and the $10/month service (other, of course, than $10/month).
by Euclidian
Wed Nov 23, 2011 4:27 pm
Forum: Investing - Theory, News & General
Topic: On the current crisis
Replies: 202
Views: 14391

Re: On the current crisis

Few thoughts Hopefully you have a plan that did anticipate these type crises and you have that Plan B ready to implement if the worst does happen. IF not you should address that issue now, before it is too late. Larry, by Plan B do you mean? 1. A different investment strategy (e.g., a different sto...
by Euclidian
Sat Oct 08, 2011 12:48 pm
Forum: Investing - Help with Personal Investments
Topic: Would you move to get into a good credit union?
Replies: 33
Views: 2803

Okey dokey, we now have two folks who claim to be residents of El Paso. Mind you, this all started months ago, as a joke, so kindly accept it as such. I know it is all in fun and enjoyed the banter. I'm having a good laugh that a dinky credit union in a rather remote city is even being discussed. I...
by Euclidian
Sat Oct 08, 2011 12:16 pm
Forum: Investing - Help with Personal Investments
Topic: Would you move to get into a good credit union?
Replies: 33
Views: 2803

Re: El Paso _ The straight scoop

Juarez, just across the border, is another matter. I commute over daily to work there :P QED, nobody actually "lives" in El Paso. There certainly is a lot of hatin' on El Paso amongst the Bogleheads. My wife and daughter both live and work in town so there are at least two who "live" here. It's cer...
by Euclidian
Sat Oct 08, 2011 11:49 am
Forum: Investing - Help with Personal Investments
Topic: Would you move to get into a good credit union?
Replies: 33
Views: 2803

El Paso _ The straight scoop

You are all having much, much too much fun with this topic. I live in El Paso and bank at the subject credit union. The CD rates are for real (I certainly take advantage of them) and it is a normal credit union with a few branches. El Paso is a city of about 700,000 residents with an extremely low c...
by Euclidian
Mon Sep 05, 2011 11:15 am
Forum: Investing - Help with Personal Investments
Topic: Which Credit Unions have the highest CD rates?
Replies: 11
Views: 1514

The best I have found is EPEFCU. They have 3.49 APY for 5 years but do have a rather large penalty of 25% of the remaining interest if the CD is broken early.
by Euclidian
Tue Jun 21, 2011 9:58 pm
Forum: Personal Finance (Not Investing)
Topic: Backup job skills for an engineer
Replies: 35
Views: 7067

The decision on whether to open his own business or consult if he is laid off really depends upon his inclinations and skills. He will have to decide whether these are right for him. For general advice: x Gain a knowledge of business and finance x Keep current in your field x Seek out assignments th...
by Euclidian
Sat May 28, 2011 9:33 pm
Forum: Personal Finance (Not Investing)
Topic: What to do if your debit card info is stolen
Replies: 22
Views: 2682

For your peace of mind - my son also recently had his debit card information stolen (ATM in foreign country). Although it took a couple weeks he did eventually get the money covered. You've taken all the correct actions so you should get your money back. Like other posters on your question, I recomm...
by Euclidian
Sat Apr 30, 2011 4:06 pm
Forum: Investing - Help with Personal Investments
Topic: Capital Loss Carryover: What to do within MerrillLynch Acct?
Replies: 8
Views: 1831

Re: Large Capital Loss Tax Carryover: What to do?

Why don't you find a ML store near you and go in and ask them exactly how to set up a portfolio with them that contains mostly index funds, is low cost (both in expense ratios and in transaction fees and certainly no-loads only), and is simple to manage - 3 to 6 funds total. Once you get educated o...
by Euclidian
Sat Apr 30, 2011 3:40 pm
Forum: Investing - Help with Personal Investments
Topic: Capital Loss Carryover: What to do within MerrillLynch Acct?
Replies: 8
Views: 1831

A combination of synthetic longs and synthetic shorts on stock market index ETFs can replicate a portfolio of stocks and short term bonds without generating any interest income or dividends. market timer, thank you for your reply. I've read through the link. I don't fully understand synthetic longs...
by Euclidian
Sat Apr 30, 2011 1:38 pm
Forum: Investing - Help with Personal Investments
Topic: Capital Loss Carryover: What to do within MerrillLynch Acct?
Replies: 8
Views: 1831

Capital Loss Carryover: What to do within MerrillLynch Acct?

New to the forum after lurking for months and would appreciate your suggestions. I've recently looked over my mother's investments and tax statements at her request. To my surprise, she has over $80,000 in capital tax losses being carried forward. She is 85 years old. Her investments, almost all tax...