Search found 193 matches

by bornloser
Mon Sep 11, 2023 8:42 am
Forum: Personal Consumer Issues
Topic: Aids for slowing down speech when talking with hard-of-hearing
Replies: 52
Views: 5419

Re: Aids for slowing down speech when talking with hard-of-hearing

[Medical advice removed by admin LadyGeek] Most recipients would place in the category of "life changing". I would investigate if she desires to understand speech again. Important to realize that many ENT physicians have limited understanding of cochlear implants and most audiologist have an incentive to sell you an expensive set of hearing aids; so there is an inherent bias against this amazing technology that already is gaining traction in the hearing impaired world.
by bornloser
Sat Jun 03, 2023 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: Help me plan for medical school
Replies: 15
Views: 1631

Re: Help me plan for medical school

It's actually not "chump change". Minimizing debt, understanding the tax system, reading Bogleheads forum AND studying hard to have residency options are both important. Best thing I did was live like a pauper in medical school, start IRA's with the first monies from residency, live modestly for first few years practice (let the wheat in the barn start compounding). The fact that the OP understands and is thinking about these things will put him in a small circle of practicing physicians who are not in the physicians lounge eating the free donuts at age 80.
by bornloser
Wed Jul 20, 2022 6:55 pm
Forum: Investing - Theory, News & General
Topic: Larry Siegel interview with Christine Benz
Replies: 4
Views: 902

Re: Larry Siegel interview with Christine Benz

Ditto, love The Longview podcast. I'll check that out.
by bornloser
Tue Jun 28, 2022 7:09 pm
Forum: Personal Finance (Not Investing)
Topic: 31 Year Old - Is a 20 year term life insurance policy for me?
Replies: 80
Views: 6468

Re: 31 Year Old - Is a 20 year term life insurance policy for me?

Just my experience. Term is cheap but wife had a great income too so I was a little late getting term but purchased a 750k term policy that was really inexpensive. At 50 I was FI so did not renew (ridiculously high at that point to renew). Worked out well (right, you really don't want the other option, dying). I didn't see if this point was mentioned but unless I'm mistaken, the insurance payout is tax free if the individual paid for a private policy.
by bornloser
Tue Jun 28, 2022 9:23 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 11037
Views: 2066399

Re: What Movie Have You Recently Watched?

Did some reviews last pm and came up with Kubricks 1957 Paths of Glory with Kirk Douglas. Was absolutely fantastic, great writing, storyline (historical fiction) and videography. And for the record, I'm not really a war movie genre guy or a big fan of old movies but this checked all the boxes for me. Intentionally shot in black and white and with a well done anti-war theme. Made for a satisfying watch!
by bornloser
Thu Jun 23, 2022 8:54 am
Forum: Investing - Theory, News & General
Topic: Morgan Housel's latest writing at Collaborative Fund
Replies: 18
Views: 3175

Re: Morgan Housel's latest writing at Collaborative Fund

Really like this guy, his book The Psychology of Money is fantastic, great insight on human behavior with money and investing. Very Boglehead-ish but at least for me, added some new insights on this fascinating topic AND reinforced some of the hard core facets of successful long term investing that are espoused on this forum. Loved the athlete example and research!
by bornloser
Wed Jan 19, 2022 9:39 am
Forum: Personal Investments
Topic: Treasury Direct drafted double from checking account
Replies: 1
Views: 420

Treasury Direct drafted double from checking account

Purchased 10k I bond yesterday and today I noticed that TD had drafted 10k twice. How do I correct this? Getting someone on the phone took 2 hours the last time I contacted them. Any ideas? Anyone else have this happen?
by bornloser
Tue Nov 09, 2021 8:19 am
Forum: Personal Investments
Topic: Edward Jones and my in law
Replies: 39
Views: 5804

Re: Edward Jones and my in law

Thanks to all who contributed to this post. After discussing the real dollar terms (as suggested by many), my in law has decided to park in CDs for the next year and do some more research. This person is actually capable of opening a Vanguard account and linking it to his checking account, as Bogleheads know, it's not rocket science. I have to laugh at myself with the comments about 200k being a relatively small amount. I credit that comment with insight from the Boglehead community that has allowed me to receive the "majesty of compounding" and understanding the "tyranny of fees". Thanks again everyone :happy
by bornloser
Sun Nov 07, 2021 5:24 pm
Forum: Personal Investments
Topic: Edward Jones and my in law
Replies: 39
Views: 5804

Re: Edward Jones and my in law

Thanks so much for the advice. And good point about the AUM and the load (maybe it's not both, which would be better). :happy :happy
by bornloser
Sun Nov 07, 2021 4:32 pm
Forum: Personal Investments
Topic: Edward Jones and my in law
Replies: 39
Views: 5804

Re: Edward Jones and my in law

Thanks D and G, that's not a bad option to consider.
by bornloser
Sun Nov 07, 2021 4:31 pm
Forum: Personal Investments
Topic: Edward Jones and my in law
Replies: 39
Views: 5804

Re: Edward Jones and my in law

And again, he HAS asked for advice. Back to the actionable part of this post: any way to minimize the fees from Edward Jones (other than avoid an annuity).
by bornloser
Sun Nov 07, 2021 4:27 pm
Forum: Personal Investments
Topic: Edward Jones and my in law
Replies: 39
Views: 5804

Re: Edward Jones and my in law

He has asked for advice. He doesn't have much savings to begin with so this is a big deal for him financially. It's not only the annual 1.35% AUM fee, it's the load fees on the American funds and Gods knows what other fees. I have reviewed the standard fee statement they are required to submit to clients and it's loaded, I mean loaded with verbage saying fee and fee after possible fee, if/and/buts more fees! It's actually maddening to read it.
by bornloser
Sun Nov 07, 2021 4:07 pm
Forum: Personal Investments
Topic: Edward Jones and my in law
Replies: 39
Views: 5804

Edward Jones and my in law

Quick question. In law inherited small amount of money (around 200k). He is going to invest this with Edward Jones and is pretty adamant that this "friend" of the family is really great, etc. I'm trying to relay in a simple but effective way that the Edward Jones rep is lining his pocket with unnecessary fees. If I am unsuccessful in convincing him to use Vanguard, how do I help him minimize fees? For example can he insist that the money be invested in one and only one American balanced Index fund (he is 80 so only wants to be about 30% equities)? Please help!
Thank you in advance.
by bornloser
Tue Feb 02, 2021 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: Graduate research stipend and Roth IRA
Replies: 5
Views: 758

Re: Graduate research stipend and Roth IRA

Thank you Alan S. I need to be armed with info because I'm very positive my CPA will have no clue about this.
by bornloser
Sun Jan 31, 2021 8:31 am
Forum: Personal Finance (Not Investing)
Topic: Graduate research stipend and Roth IRA
Replies: 5
Views: 758

Re: Graduate research stipend and Roth IRA

Last time to bump. Looking for any guidance on this issue. Just sent an email to my CPA which will likely be fruitless based on the fact that I've had to explain Backdoor Roth IRA to them and remind them of the self employed health insurance deduction.
by bornloser
Sat Jan 30, 2021 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: Graduate research stipend and Roth IRA
Replies: 5
Views: 758

Re: Graduate research stipend and Roth IRA

I'm asking for help from persons on this site with understanding of this small provision in the most recent tax law changes. Surely someone on this site know something about this (Mike Piper?)
by bornloser
Sat Jan 30, 2021 11:52 am
Forum: Personal Finance (Not Investing)
Topic: Graduate research stipend and Roth IRA
Replies: 5
Views: 758

Graduate research stipend and Roth IRA

Child (dependent) in medical school, summer research stipend 4k. Received 2020 1099-Misc. box 3 with the 4k. The SECURE Act now permits graduate students to count taxable stipends and non-tuition fellowship payments as earned income for the purposes of making Traditional or Roth IRA contributions. So no FICA but has to pay federal taxes if I understand correctly (?). Can the student contribute 4k to a Roth IRA?
by bornloser
Fri Jan 22, 2021 10:29 am
Forum: Personal Investments
Topic: Roth IRA for 11-yo w/ ~300$/yr earned income
Replies: 41
Views: 3808

Re: Roth IRA for 11-yo w/ ~300$/yr earned income

If babysitting for several different people, age under 18 and income over $400. Are you sure you have to pay self employment taxes? Just curious because there seems to be a spectrum of answers on this.
by bornloser
Mon Jul 13, 2020 12:07 pm
Forum: Personal Investments
Topic: Cost basis bugaboo, need help
Replies: 4
Views: 484

Re: Cost basis bugaboo, need help

Thanks for the input. Going to sell all at once, easier to calculate the long term loss.
by bornloser
Mon Jul 13, 2020 9:44 am
Forum: Personal Investments
Topic: Cost basis bugaboo, need help
Replies: 4
Views: 484

Cost basis bugaboo, need help

Finally getting around to cleaning up some individual equity purchases years ago, this time for a capital loss. Using specific id for cost basis. Unfortunately, quite a few stock splits and corporate actions (cash in lieu, whatever that hell that is) and I'm ending up with fractions of shares. Here's the breakdown: Current balance $4,596.18 Shares 1718.197 Price $2.675 Date acquired (noncovered shares) — 557.9870 — — — — — — 08/10/2007 410.4828 $23.07 $9,467.98 $1,098.04 — – $8,369.94 – $8,369.94 06/19/2008 273.6552 $17.96 $4,914.95 $732.03 — – $4,182.92 – $4,182.92 07/07/2008 410.4828 $16.47 $6,760.56 $1,098.04 — – $5,662.52 – $5,662.52 06/15/2009 65.5892 — — — — — — When I try to sell a specific id, say the 410.4828 shares, the website wi...
by bornloser
Wed May 20, 2020 3:31 pm
Forum: Personal Consumer Issues
Topic: Help: Update: Advice Getting Hearing Aids? What? What?
Replies: 44
Views: 2784

Re: Help: Any Problems or Pitfalls or Advice When it Comes to Getting Hearing Aids? What? What?

Sensorineural hearing loss is very common, maybe in your case exacerbated by exposure to loud sounds but also likely typical aging related damage to the cochlear hair cells, estimated 30-40 million persons in US. The good news is that hearing aids have significantly improved over the last few decades (digital, blue tooth, etc.). The bad news is that hearing aids result in mild/moderate improvement because they are simply amplifying volume per the audiogram curve. Key take home message is that these amplified sounds are up against damaged hair cells so you will lose clarity (consonants are the worst, ie. did he say Bob or Rob or Tom). Your hearing will improve with aids, but only to a mild/moderate degree, that's what you need to know going...
by bornloser
Mon May 18, 2020 10:22 am
Forum: Personal Consumer Issues
Topic: Help: Update: Advice Getting Hearing Aids? What? What?
Replies: 44
Views: 2784

Re: Help: Any Problems or Pitfalls or Advice When it Comes to Getting Hearing Aids? What? What?

Would definitely try aids, you have nothing to lose. The audiogram cost should be covered by insurance or medicare. The hearing aid costs are not unfortunately and this is also another reason people do not seek out aids, the out of pocket 4-8k hurts. The behind the ear (BTE) aids are real small, durable and most people won't even notice them. One way to approach it is to ask to try several aids. They will let you take a pair home and try it out. If you don't like 'em, no obligation to buy.
by bornloser
Mon May 18, 2020 9:32 am
Forum: Personal Consumer Issues
Topic: Help: Update: Advice Getting Hearing Aids? What? What?
Replies: 44
Views: 2784

Re: Help: Any Problems or Pitfalls or Advice When it Comes to Getting Hearing Aids? What? What?

Sensorineural hearing loss is very common, maybe in your case exacerbated by exposure to loud sounds but also likely typical aging related damage to the cochlear hair cells, estimated 30-40 million persons in US. The good news is that hearing aids have significantly improved over the last few decades (digital, blue tooth, etc.). The bad news is that hearing aids result in mild/moderate improvement because they are simply amplifying volume per the audiogram curve. Key take home message is that these amplified sounds are up against damaged hair cells so you will lose clarity (consonants are the worst, ie. did he say Bob or Rob or Tom). Your hearing will improve with aids, but only to a mild/moderate degree, that's what you need to know going ...
by bornloser
Tue Mar 17, 2020 7:04 am
Forum: Investing - Theory, News & General
Topic: "The Importance Of Staying Invested in Volatile Times"
Replies: 33
Views: 2979

Re: "The Importance Of Staying Invested in Volatile Times"

"Stay the course" is fine, but we set our course expecting yearly stock volatility of maybe 20%, 30% tops. If they told you that volatility is going to 5 times as large, you would be simply stupid in staying on the same course. You know, a boat can do 10 knots in calm water, but only a couple of knots in port and they lay a sea anchor during a storm. At present we do not have a way to know how things will end up, but we can't exclude they will end up terribly wrong, as in S&P under half the present value, default rates many times the present ones and earnings close to zero for an extended time. Thanks Taylor. Morningstar article primarily reinforcing "stay the course" but also adding that buying in a significant dow...
by bornloser
Fri Jan 24, 2020 9:16 am
Forum: Personal Investments
Topic: Helping mom ditch her advisor
Replies: 14
Views: 1507

Re: Helping mom ditch her advisor

She's 88 and almost certainly has some cognitive decline (maybe subclinical, but it's there). Very smart to investigate all the parameters of this advisor to include upfront fees, "hidden" fees, expense ratio of the funds, any churning, etc. At a mininum, the advisor needs to know there is someone looking over his/her shoulder and watching fees. I also agree with the other poster who said make it absolutely clear NO annuities. For the posters that say, don't worry, leave it alone, don't meddle....really??? Knowing what Bogleheads know about the finance industry.
by bornloser
Wed Jan 22, 2020 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: How high is health insurance going to go?
Replies: 79
Views: 7528

Re: How high is health insurance going to go?

This was touched on in a reply but not responded to (that I can see): are there any tax advantages that would mitigate paying healthcare premium on the open market. Specifically, itemizing for those tax years by adding property taxes and health insurance premiums (above 7.5% AGI), using an HSA. And if you can come up with any business idea (picture framing, fruit stand, etc) couldn't you have a small business plan (put your spouse on it) and get a 1/2 deduction for premiums on page one 1040. Any thoughts on that?
by bornloser
Wed Dec 25, 2019 8:43 am
Forum: Investing - Theory, News & General
Topic: Non-W-2 fellowship income now eligible for IRA contributions
Replies: 9
Views: 844

Re: Non-W-2 fellowship income now eligible for IRA contributions

Thanks for the input. I'll wait and see. The reason I ask is that my child (Boglehead in training) has been asking me about this.
by bornloser
Tue Dec 24, 2019 5:37 pm
Forum: Investing - Theory, News & General
Topic: Non-W-2 fellowship income now eligible for IRA contributions
Replies: 9
Views: 844

Re: Non-W-2 fellowship income now eligible for IRA contributions

Any input on a summer research stipend for a medical student?
Thought I'd ask again.
by bornloser
Tue Dec 24, 2019 3:11 pm
Forum: Investing - Theory, News & General
Topic: Non-W-2 fellowship income now eligible for IRA contributions
Replies: 9
Views: 844

Re: Non-W-2 fellowship income now eligible for IRA contributions

I wonder if a medical student summer research stipend (about 4k) would be eligible. I know this was not considered income for IRA contributions in the past but it sounds like this portion of the Secure Act changes this? Any thoughts?
by bornloser
Tue Dec 24, 2019 9:21 am
Forum: Personal Consumer Issues
Topic: Millionaire Teacher - Andrew Hallam
Replies: 70
Views: 12168

Re: Millionaire Teacher - Andrew Hallam

Read it a few years back when I was looking for an introductory book on personal finance and savings for my two oldest (college age at the time). Great book IMHO. Book was not intended to compete with Swedroe or Billy Bernstein, it's a small inspirational book on what can be achieved with saving and investing early. One child read the first 2 chapters, but I'm still trying...
by bornloser
Tue Dec 24, 2019 8:58 am
Forum: Personal Finance (Not Investing)
Topic: Genworth raising LTCi premiums 150% over next 5-7 years
Replies: 165
Views: 11390

Re: Genworth raising LTCi premiums 150% over next 5-7 years

Basically, everything in this post is false. I'm on vacation now with my kids, otherwise I'd reply in detail. I'll reply when I get back this weekend.
[/quote]

I never trust anyone who makes a comment like this, then proceeds to say in a later post, well not everything in the post is false. In addition, this comment tells the more complete story: "If someone works with a long-term care insurance specialist (like moi)". Yeah, I'm skeptical.
by bornloser
Tue Dec 03, 2019 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: Tiaa creft 403B rollover to Vanguard pros and cons
Replies: 18
Views: 2038

Re: Tiaa creft 403B rollover to Vanguard pros and cons

Just remember if you roll it into a traditional IRA at Vanguard, which I assume is what you plan to do, you now become subject to pro rata for Roth conversions. Just food for thought.
by bornloser
Tue Oct 29, 2019 2:26 pm
Forum: Personal Investments
Topic: 529/son got accepted to medical school whahoooo!
Replies: 53
Views: 9899

Re: 529/son got accepted to medical school whahoooo!

Okay, just noticed the original post was 2017, so my comments probably not helpful. As an aside, one of the reasons my daughter entered med school with so much 529 money left is the fact that she "gets it" (ie, a budding Boglehead). I sleep much better knowing that she has left the nest with a healthy relationship with money. Have another child that simply doesn't get the importance of understanding money...thinking of buying him the book "Millionaire Teacher" again, just because I'm that kind of obnoxious dad!
by bornloser
Tue Oct 29, 2019 2:17 pm
Forum: Personal Investments
Topic: 529/son got accepted to medical school whahoooo!
Replies: 53
Views: 9899

Re: 529/son got accepted to medical school whahoooo!

Well, I care actually. Daughter in medical school, scholarship paid for most of undergraduate so enough 529 monies left over for 2 years tuition and housing (we submit reimbursement for housing costs). I began shifting funds to a conservative "guaranteed" fund choice over the last few years, so now very conservative and will be depleted in 2 years. And congratulations!
by bornloser
Tue Oct 15, 2019 4:23 pm
Forum: Personal Investments
Topic: I-bonds with kids
Replies: 18
Views: 4460

Re: I-bonds with kids

Re. I bonds purchased with a minor as co-owner thereby enabling a work around of the 10k limit per person. I did not know this and I'm surprised I haven't seen this strategy before. I know some have posted putting I bonds in a trust.
by bornloser
Tue Oct 15, 2019 10:36 am
Forum: Personal Finance (Not Investing)
Topic: Low Cost Company 401k [Looking for plan provider]
Replies: 9
Views: 836

Re: Low Cost Company 401k [Looking for plan provider]

Used Employee Fiduciary for a small physician group of 10 for 3 years. Based out of Mobile, AL with a low fee "Boglehead" mindset, had a positive experience. Loaded the plan with Vanguard funds and a few Fidelity funds. Not a great deal of hand holding, so someone in the company needs to be the point person to handle the paperwork (signing up new employees, distributing forms, etc). A fidelity bond will have to be purchased and I found this to be easy and low cost. We changed after 3 years to ERISA Partners ONLY because we wanted to add a Cash Balance Plan. Have only good things to say about EF (and ERISA Partners for that matter). Hope this helps.
by bornloser
Fri Apr 19, 2019 7:59 pm
Forum: Personal Finance (Not Investing)
Topic: Roth conversions, taxes, and social security
Replies: 22
Views: 2970

Re: Roth conversions, taxes, and social security

Thanks for all the advice. Have some planning to do! Yes, Chris, the 150-200k estimated from an RMD calculator with conservative return estimate.
by bornloser
Thu Apr 18, 2019 6:44 pm
Forum: Personal Finance (Not Investing)
Topic: In Laws Retirement Nest Egg
Replies: 156
Views: 18492

Re: In Laws Retirement Nest Egg

To the OP, great attitude for ignoring the snarky posts. They may or may not have enough, that is planned well enough, to cover their retirement expenses> What is most important is that you and your significant other are on the same page in regards to what is our plan if they do run out of money. This is a common occurrence, both with grown kids and parents. And if you think that it is uncommon that a family member would ask for financial support from the "successful" one in the family (aka the savers), you are living on another planet. The last comment directed at the negative, morally superior posts criticizing the OP.
by bornloser
Mon Apr 08, 2019 8:56 am
Forum: Personal Finance (Not Investing)
Topic: Roth conversions, taxes, and social security
Replies: 22
Views: 2970

Re: Roth conversions, taxes, and social security

Yes, nontaxable around 2.9 and consisting of 500k series I bonds, munis, and index stock funds. Tax deferred mainly bonds, per recommended Boglehead strategy. Get about 36k/year qualified dividends from Taxable. So yes, I guess the higher SS tax may be unavoidable and mainly looking to decrease top tax rate from RMDs. And I'm not doing in any Roth conversions now while still working b/c of the high taxes. Thanks for all the input.
by bornloser
Sun Apr 07, 2019 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: Roth conversions, taxes, and social security
Replies: 22
Views: 2970

Re: Roth conversions, taxes, and social security

Thanks for all the advice. I'll try to max conversions early on. Courtesy of this forum, I had recently become aware of Medicare IRMAA. Income too high for any ROTH conversions while working full time. So many moving parts when it comes to planning for Medicare, SS and RMDs, aargh!
by bornloser
Sun Apr 07, 2019 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: Roth conversions, taxes, and social security
Replies: 22
Views: 2970

Roth conversions, taxes, and social security

I’m 55, spouse 56. Will retire from full time work at 57, hope to part time (½ time or less) for several years mainly to gradually transition from my career and for health insurance. Have 2.9M total in tax sheltered accounts (wife IRA, my 403b,457,401k). Will likely continue to add to 401k up to age 59, so tax sheltered monies may be 3.1M or so. Looking at RMD calculators, the estimated RMD amount at 70.5 is pretty large, anywhere from 150-200k/year, which obviously push us into a higher tax bracket. Would like to slowly convert to IRA over the approximate ten years before taking social security (take at age 70 for me), but I’m worried there’s not enough time to get enough done. And from what I gather, these conversions will likely will boo...
by bornloser
Wed Apr 03, 2019 10:12 am
Forum: Personal Finance (Not Investing)
Topic: I think we're FIRE in 8 or 9 years, feedback?
Replies: 15
Views: 2351

Re: I think we're FIRE in 8 or 9 years, feedback?

Congratulations on the savings, not uncommon Boglehead accumulator numbers. Not going to comment on the feasibility of your plan but want to add that early retirement is very possible if you have a plan and start the macro tuning in your 40s, which you are doing. As an aside my numbers were only slightly higher at 46. I started with a written plan, included in my investor policy statement, and revised it yearly. Initially wanted to exit at 55, which I easily could because of diligent planning. I decided to go part time at 57 (21 month countdown) keep health insurance for a few more years. I found that after reaching financial independence, the ability to tolerate my job improved. Couldn't have done this without an evolving written plan begi...
by bornloser
Sat Mar 30, 2019 11:06 am
Forum: Personal Consumer Issues
Topic: I would like a boat. I also know nothing about boats
Replies: 147
Views: 12341

Re: I would like a boat. I also know nothing about boats

Have read back thru the responses and for my boating experience (20 plus years), I completely disagree with the "Debbie Downers". As you have stated, you have a lakefront house with a dock and desire to boat. The work involved in trailering and launching a boat is the big reason people buy a boat and don't use it, sell it for a loss and are forever down on boating, IMHO. If you can keep the boat at the lakehouse on a lift or floating dock (I have both, they work great), you will have easy access to sunset cruises, tubing/skiing, etc. We use our boat at least once a week except during the short winter (live in the south). Outboards (quiet 4 strokes) are much more reliable these days and with basic maintenance can use them for hundr...
by bornloser
Tue Oct 16, 2018 9:04 am
Forum: Investing - Theory, News & General
Topic: "Safe" Withdrawal Rate for Early Retirees (or any retiree)
Replies: 226
Views: 25724

Re: "Safe" Withdrawal Rate for Early Retirees (or any retiree)

Hats off to a good discussion, typical Bogleheads erudite, analytical, etc. I enjoy many other financial forums such as Mad Fientist, WCI, Early Retirement Now as well. One comical point that comes up not infrequently on some of the other sites is the over-thinking, over-planning and over-stressing by the Bogleheads as it pertains to retirement funding (ie, what if a meteor strikes the earth in the first 5 years of retirement, oh no!). After years of saving, investing and sticking to my IPS, I'm going to enjoy some really nice craft beer and NOT stress so much.
by bornloser
Tue Sep 25, 2018 8:24 am
Forum: Personal Investments
Topic: Im going to die somewhere between Bankruptcy and $20 million
Replies: 46
Views: 11242

Re: Im going to die somewhere between Bankruptcy and $20 million

Age 33, Boglehead and 750k invested assets. Nothing short of amazing. Pat yourself on the back and keep it up!
by bornloser
Tue Jan 30, 2018 12:16 pm
Forum: Personal Investments
Topic: Rollover IRA to 401k
Replies: 7
Views: 1233

Re: Rollover IRA to 401k

Thanks for the replies. I was told by the trustee of the IRA that the 401k plan would issue a 5498 form to the IRS, but if not I guess I will send in an explanation to the IRS on my 2018 taxes explaining the rollover.
by bornloser
Mon Jan 29, 2018 10:14 am
Forum: Personal Investments
Topic: Rollover IRA to 401k
Replies: 7
Views: 1233

Rollover IRA to 401k

Have decided to clean up some IRAs and get them out of IRA status by transferring to my current 401k provider (they accept IRA rollovers). I'm doing this in order to pursue backdoor Roth IRA and simplify Roth conversions later on during retirement (from a 403b and government 457 plan). I have been able to get direct transfers (trustee to trustee) for all but Oakmark funds. They needed a medallion guarantee and it sounded somewhat painful so I went for a distribution to me (I guess I'll get a 1099-R) and will then send to my 401k within 60 days. Has anyone had any bad experiences with this? Anything else I need to do/watch out for?
TY
by bornloser
Thu Jun 15, 2017 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: 529 transfer
Replies: 5
Views: 1268

Re: 529 transfer

Both about plan fees and expense ratios. Have finished contributing to my childs 529, receiving a state tax deduction each year I contributed. Now trying to get fees lower since she has 5 years until college and may get scholarships and go to grad school, so this could stretch out for quite a while. Vanguards 529 utilizing the Nevada plan has low to very low fees and of course low ER's with Vanguards funds. Pretty much have decided to get off my duff and do it. Thanks.
by bornloser
Thu Jun 15, 2017 10:37 am
Forum: Personal Finance (Not Investing)
Topic: 529 transfer
Replies: 5
Views: 1268

Re: 529 transfer

Well I was hoping for any input on this, even any input on the pros/cons of the Vanguard 529 plan?
by bornloser
Wed Jun 14, 2017 7:39 am
Forum: Personal Finance (Not Investing)
Topic: 529 transfer
Replies: 5
Views: 1268

529 transfer

Finally getting around to the process of transferring 13 y.o. daughters 529 from MS to Vanguard. TIAA CREF runs the program and fees are not horrible, but certainly not as low as the Nevada/Vanguard plan. I am directed to the online Vanguard site to open an account (but the site is down?). MS does not have a state recapture of the tax deduction, so all good with that. Anyone have experience with this? Any pitfalls? Thanks in advance!