Search found 50 matches

by rgar98
Sat May 15, 2021 8:08 am
Forum: Personal Investments
Topic: reason for taxible money market account?
Replies: 4
Views: 491

Re: reason for taxible money market account?

Thanks. I did not word my question correctly.

I should have said: ... in addition to the settlement fund in a non-retirement brokerage account?
by rgar98
Sat May 15, 2021 7:53 am
Forum: Personal Investments
Topic: reason for taxible money market account?
Replies: 4
Views: 491

reason for taxible money market account?

Is there any reason to have a money market fund (non-retirement accn't) in addition to the money market settlement funds in my brokerage retirement accounts?
by rgar98
Thu Apr 15, 2021 7:25 am
Forum: Personal Investments
Topic: Vanguard Federal Money Market Fund
Replies: 12
Views: 1951

Re: Vanguard Federal Money Market Fund

Thank you, we were "talking past each other."
by rgar98
Wed Apr 14, 2021 7:27 pm
Forum: Personal Investments
Topic: Vanguard Federal Money Market Fund
Replies: 12
Views: 1951

Re: Vanguard Federal Money Market Fund

Just what I said: five (5) funds one account.
by rgar98
Wed Apr 14, 2021 6:40 pm
Forum: Personal Investments
Topic: Vanguard Federal Money Market Fund
Replies: 12
Views: 1951

Re: Vanguard Federal Money Market Fund

Thank you.
by rgar98
Wed Apr 14, 2021 5:21 pm
Forum: Personal Investments
Topic: Vanguard Federal Money Market Fund
Replies: 12
Views: 1951

Re: Vanguard Federal Money Market Fund

Thanks. Yes, it is a brokerage account. For each fund that is in our account, a separate settlement fund is listed in "Holdings."
by rgar98
Wed Apr 14, 2021 5:05 pm
Forum: Personal Investments
Topic: Vanguard Federal Money Market Fund
Replies: 12
Views: 1951

Vanguard Federal Money Market Fund

Hello, My wife and I have a brokerage account; about five retirement funds and one taxable fund. None of the funds is a money market fund, but there is a money market settlement fund associated with each of the funds in the account. If I want to add a "non-settlement" money market fund is ...
by rgar98
Fri Mar 26, 2021 6:46 pm
Forum: Personal Investments
Topic: Long and short term capital gains
Replies: 4
Views: 454

Re: Long and short term capital gains

Thanks, but I also received dividends (they're reinvested) and my accounts do not show any LT or ST capital gains.
All our funds are in Vanguard brokerage accounts that are self-managed.

Thanks again.
RG
by rgar98
Fri Mar 26, 2021 6:38 pm
Forum: Personal Investments
Topic: Long and short term capital gains
Replies: 4
Views: 454

Long and short term capital gains

Why does my wife's Roth IRA (Vanguard mutual funds) show both long and short term capital gains if we did not sell any stock? We also received dividends. Thanks.
by rgar98
Thu Jul 16, 2020 9:52 pm
Forum: Personal Investments
Topic: transition to brokerage accnt
Replies: 9
Views: 596

Re: transition to brokerage accnt

@Eagle33

Thank you, your suggestion worked well. It was easier than I anticipated.

Richard
by rgar98
Thu Jul 16, 2020 11:50 am
Forum: Personal Investments
Topic: transition to brokerage accnt
Replies: 9
Views: 596

Re: transition to brokerage accnt

Sorry, but I'm asked "where is the money coming from" (or something similar) and there are two choices, Roth or traditional. I have BOTH types of funds in my account, but I'm not allowed to select both, only one. This is not a problem, but as I said before, when my wife did the transition ...
by rgar98
Thu Jul 16, 2020 10:38 am
Forum: Personal Investments
Topic: transition to brokerage accnt
Replies: 9
Views: 596

Re: transition to brokerage accnt

Thanks. My wife did the same process yesterday and did NOT have to select one fund or the other. She transitioned (both funds at once) in response to VG asking her to do it and I'm initiating the process myself.
by rgar98
Thu Jul 16, 2020 10:24 am
Forum: Personal Investments
Topic: transition to brokerage accnt
Replies: 9
Views: 596

transition to brokerage accnt

Hello, I want to transition my retirement accnts to the "new" platform; both Roth & traditional IRAs. Do I have to go through the whole process twice, once for each fund? When I start the process and I'm asked to select the funds the money is coming from I do not have the option to sel...
by rgar98
Sat Jul 04, 2020 8:48 am
Forum: Personal Investments
Topic: rollover to IRA
Replies: 4
Views: 229

rollover to IRA

Hello, My wife is considering doing a rollover from her employer 401(k) to her Vanguard non-brokerage IRA account. During the online application process one of the questions asks about "transferring to a Vanguard Brokerage account, implying that there is NO option to transfer to an existing non...
by rgar98
Wed Feb 05, 2020 6:13 am
Forum: Personal Finance (Not Investing)
Topic: accidental Roth deposit
Replies: 10
Views: 592

Re: accidental Roth deposit

Thanks.
Yes, I'm 75 and I did not take my 2020 RMD yet.
by rgar98
Tue Feb 04, 2020 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: accidental Roth deposit
Replies: 10
Views: 592

Re: accidental Roth deposit

Thank you.
by rgar98
Tue Feb 04, 2020 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: accidental Roth deposit
Replies: 10
Views: 592

Re: accidental Roth deposit

Thanks.
The money came from a traditional IRA (I misstated this in my original post) account and into the ROTH.
My wife works full time and we file jointly.
by rgar98
Tue Feb 04, 2020 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: accidental Roth deposit
Replies: 10
Views: 592

Re: accidental Roth deposit

Yes, thanks, but what I'm asking is if the money I accidentally deposited (from a taxable account), the $7000, counts as my ROTH deposit for 2020, or can I still make correct deposits up to $7000?
by rgar98
Tue Feb 04, 2020 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: accidental Roth deposit
Replies: 10
Views: 592

accidental Roth deposit

Hello,
I screwed up.

I accidentally deposited $7000 into my Roth (2020) with money from my regular IRA instead of from a non-IRA account. I know that this will be taxed, but can I still deposit, correctly this time, $7000 into my Roth? I am older than 70 1/2, BTW.
by rgar98
Mon Jan 13, 2020 10:44 pm
Forum: Personal Finance (Not Investing)
Topic: printing Vanguard .PDFs
Replies: 10
Views: 846

Re: printing Vanguard .PDFs

@student
Thanks, it printed with Adobe.
by rgar98
Mon Jan 13, 2020 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: printing Vanguard .PDFs
Replies: 10
Views: 846

Re: printing Vanguard .PDFs

No error. One "click" and the file is mine.
by rgar98
Mon Jan 13, 2020 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: printing Vanguard .PDFs
Replies: 10
Views: 846

Re: printing Vanguard .PDFs

Thanks, yes, it's a tax form.
by rgar98
Mon Jan 13, 2020 7:23 pm
Forum: Personal Finance (Not Investing)
Topic: printing Vanguard .PDFs
Replies: 10
Views: 846

printing Vanguard .PDFs

Hello, I just tried to print some tax info from the Vanguard site and the PDF file I downloaded doesn't print (CanonLPB6230dw); I can print "other" PDFs but the one from Vanguard causes a "filter failed" error msg. I'm using a MAC/Catalina OS. Suggestions welcomed. Thanks, Richard
by rgar98
Wed May 08, 2019 8:34 am
Forum: Personal Finance (Not Investing)
Topic: Wire transfer from VNG to title company
Replies: 10
Views: 1562

Re: Wire transfer from VNG to title company

@Vanguard Fan 1367

Thanks for the reply.

Does it have to be done by mail, by sending in a form?
by rgar98
Tue May 07, 2019 9:45 pm
Forum: Personal Finance (Not Investing)
Topic: Wire transfer from VNG to title company
Replies: 10
Views: 1562

Re: Wire transfer from VNG to title company

Thanks, Rick B.

I was hoping to do the transfer online. The link goes to a "form" to mail in to Vanguard.
by rgar98
Tue May 07, 2019 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: Wire transfer from VNG to title company
Replies: 10
Views: 1562

Wire transfer from VNG to title company

Hello,
Can I wire money from selling shares in a "regular" Vanguard non-retirement account to a title company for a real estate closing?
It is not listed as a option on their site.
Thanks.
RG
by rgar98
Wed Jan 16, 2019 9:57 am
Forum: Personal Investments
Topic: RMD & dividends
Replies: 7
Views: 569

Re: RMD & dividends

Yes, I'm asking about "buying the dividend."
by rgar98
Wed Jan 16, 2019 9:32 am
Forum: Personal Investments
Topic: RMD & dividends
Replies: 7
Views: 569

RMD & dividends

Hello,

I receive my RMD distribution at the end of December and have the monies deposited in a taxable fund. Most of my IRA funds pay their 4th quarter dividends on December 21st.

Should I receive the RMD prior to the dividend payout? Does it make a difference?

Thanks.

Richard
by rgar98
Wed Oct 10, 2018 3:44 pm
Forum: Personal Investments
Topic: canned response to email
Replies: 2
Views: 634

canned response to email

Hello, I asked a question via email and got what sounds like a "canned" response. Is this possible? The question was about whether the Vanguard automatic RMD service can be used to calculate one's RMD from mutual funds held in a brokerage account. The answer I got explained everything abou...
by rgar98
Fri Oct 05, 2018 8:46 am
Forum: Personal Investments
Topic: RMD & brokerage account
Replies: 1
Views: 399

RMD & brokerage account

Hello,

Does anyone know how switching to a Vanguard brokerage account will affect my RMD that is automatically calculated by Vanguard?

Thanks.

Richard Garcia
by rgar98
Tue Jul 18, 2017 7:15 pm
Forum: Personal Finance (Not Investing)
Topic: Allowable Roth contribution?
Replies: 8
Views: 591

Re: Allowable Roth contribution?

@dbitrbl

Thanks.

I did not put my RMD in my Roth; I put $6500 from the RMD in my Roth.
by rgar98
Tue Jul 18, 2017 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: Allowable Roth contribution?
Replies: 8
Views: 591

Re: Allowable Roth contribution?

Social Security and pension doesn't count?
by rgar98
Tue Jul 18, 2017 6:35 pm
Forum: Personal Finance (Not Investing)
Topic: Allowable Roth contribution?
Replies: 8
Views: 591

Allowable Roth contribution?

Hello, I'm retired; my wife still works. She is allowed a pre-tax elective deferral of $18,000 plus $6000 (she is 62 years old) or $24,000. When I receive my RMD I put $6000 of it in my Roth IRA and we also put $6000 in my wife's Roth IRA (separate Vanguard accounts). Is the $6000 into my wife's acc...
by rgar98
Tue Dec 13, 2016 3:33 pm
Forum: Personal Investments
Topic: RMD to ROTH
Replies: 11
Views: 1388

Re: RMD to ROTH

Hello,

Since I do not work, can I deposit $6500 in my already existing Roth IRA? What I'm asking is if there is a unique entity called a "Spousal Roth IRA" or is my regular Roth OK for the deposit?

Thanks again

RG
by rgar98
Mon Dec 12, 2016 5:43 pm
Forum: Personal Investments
Topic: RMD to ROTH
Replies: 11
Views: 1388

Re: RMD to ROTH

I forgot to mention that my wife works full time and I am retired. Am I still allowed to contribute to my Roth?
by rgar98
Mon Dec 12, 2016 5:37 pm
Forum: Personal Investments
Topic: RMD to ROTH
Replies: 11
Views: 1388

RMD to ROTH

Is there any reason NOT to deposit part of a RMD distribution into a ROTH IRA? I believe my wife and I can each deposit $6500.

Thanks.
by rgar98
Wed Dec 07, 2016 8:08 am
Forum: Investing - Theory, News & General
Topic: portfolio list reflects OLD prices
Replies: 1
Views: 268

portfolio list reflects OLD prices

Hello, My investments are entered in the NYT "Portfolio" which is in the Business Section. I checked it last night at around 10 PM and the prices reflected yesterday's prices. However, when I checked this AM the prices were yesterdays prices BEFORE the 10 PM update. This happens regardless...
by rgar98
Mon May 04, 2015 10:37 am
Forum: Personal Investments
Topic: Retired w/ working spouse
Replies: 7
Views: 1476

Retired w/ working spouse

There is lots of info here about investing while still working and "spending" while retired, but does anything special come to mind about those of us who are retired (RMD this year) and have a working spouse (10 years younger)? I'm talking about AA, taxes, or anything else I'm not aware of...
by rgar98
Thu Feb 19, 2015 11:55 am
Forum: Personal Finance (Not Investing)
Topic: cap gains when exchanging funds
Replies: 2
Views: 363

cap gains when exchanging funds

Do we have to pay tax when exchanging funds in a taxable account? (Assuming there is a capital gain)
by rgar98
Sun Mar 02, 2014 10:36 am
Forum: Personal Finance (Not Investing)
Topic: Spousal Roth IRA
Replies: 5
Views: 652

Spousal Roth IRA

I'm 69 years old and retired. My wife will be 59 this year; she works and contributes to an employer-sponsored 401k plan. Our MAGI is about 130,000 (includes my social security and pension). We both have Roth IRAs and have not made any contributions this year. Can we each contribute $6500 to our res...
by rgar98
Mon Feb 24, 2014 8:54 am
Forum: Personal Finance (Not Investing)
Topic: filed 1040 TWICE
Replies: 7
Views: 776

filed 1040 TWICE

Hello,

Initially, I could not file my Tubotax return electronically so I sent in a paper 1040. I was frustrated about not being able to file electronically and tried again, and, or course, it went through and now I have filed twice.

Should I do anything? Can I do anything?

Thanks.

Richard
by rgar98
Tue Mar 19, 2013 11:06 am
Forum: Personal Finance (Not Investing)
Topic: teacher pension into Roth IRA
Replies: 5
Views: 1124

Re: teacher pension into Roth IRA

Thanks, again. Our MAGI is about $137,000 and any contribution we make to an IRA will not reduce my taxable income. I'm asking about this because I did my taxes this weekend and I was surprised by how much I still owed. Our combined income for 2012 was about $142,000 (taxable was about $117,000) and...
by rgar98
Tue Mar 19, 2013 10:28 am
Forum: Personal Finance (Not Investing)
Topic: teacher pension into Roth IRA
Replies: 5
Views: 1124

Re: teacher pension into Roth IRA

Thank you. Does that mean that I can make a contribution into my ROTH IRA before April 15 for 2012 taxes? My 401K is maxed out; can I stil make the $6000 (?) contribution for 2012? What about my wife. She also contributes to a 401K; can she make a similar contribution before April 15? W file our tax...
by rgar98
Tue Mar 19, 2013 9:32 am
Forum: Personal Finance (Not Investing)
Topic: teacher pension into Roth IRA
Replies: 5
Views: 1124

teacher pension into Roth IRA

I'm 68, retired from teaching and working in a new profession, collecting SS and receive a monthly teacher's pension from Florida.
What is the procedure for putting pension money into my ROTH? Do I do it or does Florida do it directly? How much can I put into the Roth?

Thanks.

RG
by rgar98
Sun Feb 17, 2013 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Buy or Rent
Replies: 10
Views: 1439

Buy or Rent

In a nutshell: Me (68 year-old, good health) Social Security/Pension/RN nursing job (maybe 10 more years of work...MAYBE) $ 105,000/yr Wife (56 year-old) Job $75,000/year (retire in 10 years) Retirement Funds (both of us): about $650,000 ( 401Ks, Roth, etc) Cash: about $130,000 Sold house in Florida...
by rgar98
Sat Nov 17, 2012 9:56 am
Forum: Personal Finance (Not Investing)
Topic: maximum contribution to 401k
Replies: 7
Views: 1735

Re: maximum contribution to 401k

Thanks.

Does the $23,000 for 2013 include the employer match?
by rgar98
Sat Nov 17, 2012 8:11 am
Forum: Personal Finance (Not Investing)
Topic: maximum contribution to 401k
Replies: 7
Views: 1735

maximum contribution to 401k

Hello, I'm having difficulty deciphering the rules re: the maximum contribution I'm allowed. I'm a 67 year-old who retired (I'm collecting SS and a pension) and I now have a new job and helth-care career. I make about $50,000. My wife makes about $75,000. I'm contributing 40% of my income to my new ...
by rgar98
Sat Jul 14, 2012 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: Roth 403b or not?
Replies: 8
Views: 633

Re: Roth 403b or not?

I failed to ask, don't we make too much to open a Roth IRA now? I'm speaking about the $12,000 income from our taxable account that you referred to. I'm a little confused about Roth contribution limits.

Thanks again.
by rgar98
Sat Jul 14, 2012 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: Roth 403b or not?
Replies: 8
Views: 633

Re: Roth 403b or not?

Thanks for the advice. We live in Maryland and work in Virginia.
by rgar98
Sat Jul 14, 2012 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Roth 403b or not?
Replies: 8
Views: 633

Roth 403b or not?

I'm a 67 year old retired teacher with a $56,000 combined SS/pension income. My wife, who is ten years younger, makes about $75,000 a year. After I retired, I went to school and became an RN and I just got a full-time job at about $50,000 per year. We are renters after selling our home last year. I ...