Search found 589 matches

by bUU
Sat Aug 17, 2019 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: 401k during last few months of work
Replies: 1
Views: 352

401k during last few months of work

I'm retired, and my spouse is retiring next March. The employer offers a company match to 401k contributions. We don't want to needlessly leave money on the table. However, our plan was to pull money from already-existing traditional IRAs to "fill" the 12% tax bracket. Mixing putting money into a tr...
by bUU
Sat Jul 20, 2019 5:57 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity Private Client Group
Replies: 49
Views: 14041

Re: Fidelity Private Client Group

bawr wrote:
Wed Jul 25, 2018 11:23 pm
One PCG benefit I like and use is free domestic wire transfers.
Another potentially useful one is the waiver of minimum balance requirements for certain mutual funds.
I sure wish these benefits were documented somewhere.
by bUU
Sat Jun 22, 2019 4:34 am
Forum: Personal Finance (Not Investing)
Topic: Losing a job in your 50's...
Replies: 431
Views: 61146

Re: Losing a job in your 50's...

I wanted to add an excellent pertinent article to this thread from The Atlantic entitled "Your Professional Decline Is Coming (Much) Sooner Than You Think. Here’s how to make the most of it." https://www.theatlantic.com/magazine/archive/2019/07/work-peak-professional-decline/590650/ It is such a go...
by bUU
Tue Apr 09, 2019 4:27 am
Forum: Personal Finance (Not Investing)
Topic: Losing a job in your 50's...
Replies: 431
Views: 61146

Re: Losing a job in your 50's...

With or without extra time and effort ("extra miles") I put in over the years, I still wouldn't be working at that company, which is 3.5 miles from my front door. Instead, I work for its primary competitor 44 miles away in another state in bumper-to-bumper traffic. Fair enough. I suppose there is n...
by bUU
Sun Apr 07, 2019 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: Losing a job in your 50's...
Replies: 431
Views: 61146

Re: Losing a job in your 50's...

With or without extra time and effort ("extra miles") I put in over the years, I still wouldn't be working at that company, which is 3.5 miles from my front door. Instead, I work for its primary competitor 44 miles away in another state in bumper-to-bumper traffic. Fair enough. I suppose there is n...
by bUU
Sun Apr 07, 2019 3:21 pm
Forum: Investing - Theory, News & General
Topic: Tax-Efficient Spending Strategies From Retirement Portfolios
Replies: 3
Views: 660

Tax-Efficient Spending Strategies From Retirement Portfolios

I've read about a half dozen threads on this topic and twice as many articles, and what I have gathered so far is that there are excellent arguments for a multitude of different and often-contradictory approaches, though few of those arguments are clear enough for me to operationalize. I'm curious s...
by bUU
Sun Apr 07, 2019 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: Losing a job in your 50's...
Replies: 431
Views: 61146

Re: Losing a job in your 50's...

My point is that extra miles are irrelevant. And our point is that they have been relevant. That doesn't mean 100% of the time it will mean job security - nothing will. If your threshold for relevance is 100% perfection that nothing will ever be relevant to anything. I think there's a lot more age ...
by bUU
Sun Apr 07, 2019 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: Losing a job in your 50's...
Replies: 431
Views: 61146

Re: Losing a job in your 50's...

"Extra miles" don't mean squat. For years, I worked weekends, late nights, all-nighters, and answered overnight calls and had to go in to the data center in the middle of the night to save the day. I won multiple company awards, including the highest the company offers. I still got whacked. I did "...
by bUU
Sun Apr 07, 2019 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: Losing a job in your 50's...
Replies: 431
Views: 61146

Re: Losing a job in your 50's...

The more I understand what you're trying to say, the more I'm convinced that you're offering non-operational advice.
by bUU
Sun Apr 07, 2019 11:32 am
Forum: Personal Finance (Not Investing)
Topic: Losing a job in your 50's...
Replies: 431
Views: 61146

Re: Losing a job in your 50's...

Unpaid overtime beyond 40 hours per week. You're being cagey. Let's assume that we're talking about a salaried employee, not an hourly worker. In that context, you seem to be saying that working more than 40 hours a week is "working for free" and people shouldn't do that. However, most salaried emp...
by bUU
Sun Apr 07, 2019 10:58 am
Forum: Personal Finance (Not Investing)
Topic: Losing a job in your 50's...
Replies: 431
Views: 61146

Re: Losing a job in your 50's...

You need to take care of yourself. I think the two facts can exist simultaneously - there is discrimination, and you need to do the best you can for yourself despite that. The latter doesn't discount the former, or discount the need for good people to consider the former a (separate) problem that n...
by bUU
Sun Apr 07, 2019 8:08 am
Forum: Personal Finance (Not Investing)
Topic: Losing a job in your 50's...
Replies: 431
Views: 61146

Re: Losing a job in your 50's...

Bacchus01 wrote:
Sun Apr 07, 2019 7:11 am
I’ve never seen it the other way.
That may be why.
by bUU
Sun Apr 07, 2019 7:04 am
Forum: Personal Finance (Not Investing)
Topic: Losing a job in your 50's...
Replies: 431
Views: 61146

Re: Losing a job in your 50's...

Bacchus01 wrote:
Sat Apr 06, 2019 1:25 pm
If you’ve been fired or laid off multiple times. It’s probably not discrimination. It’s you.

If companies you’ve worked for are constantly going out of business, it’s probably not discrimination. It’s you.
Nonsense.
by bUU
Sat Apr 06, 2019 4:09 am
Forum: Personal Finance (Not Investing)
Topic: Losing a job in your 50's...
Replies: 431
Views: 61146

Re: Losing a job in your 50's...

I think one aspect of this that is lost in translation is that the transgression isn't just age discrimination but rather the reconceptualizing of work such that experience has little or no value for all but a ever-decreasing percentage of roles. This phenomenon goes back to Taylor, but has been rat...
by bUU
Wed Apr 03, 2019 7:21 am
Forum: Personal Finance (Not Investing)
Topic: December 31 Dividends and Cap Gains Distributions
Replies: 7
Views: 427

Re: December 31 Dividends and Cap Gains Distributions

That was what the above-referenced legend comment from the Tax Foundation seemed to be saying. Regardless, the reason why it matters is that most of my dividends come in in December, so to make best use of the lower tax rates, I would want to leave enough room for those to receive the best tax treat...
by bUU
Wed Apr 03, 2019 6:57 am
Forum: Personal Finance (Not Investing)
Topic: Losing a job in your 50's...
Replies: 431
Views: 61146

Re: Losing a job in your 50's...

My brother and I are both in our late 50's.

He was a project manager; I am a business analyst; both for software development and maintenance projects.
by bUU
Wed Apr 03, 2019 6:54 am
Forum: Personal Finance (Not Investing)
Topic: December 31 Dividends and Cap Gains Distributions
Replies: 7
Views: 427

Re: December 31 Dividends and Cap Gains Distributions

The Q1 dividend for Vanguard Total Stock Market popped 36%. I normally use 5-10% for doing estimated taxes so now I have to adjust my estimates. Not a big deal but the increase in dividend is not helpful. I noticed that, but Q1 dividends are manageable - you can adjust your estimates - a 12/31 divi...
by bUU
Wed Apr 03, 2019 6:07 am
Forum: Personal Finance (Not Investing)
Topic: December 31 Dividends and Cap Gains Distributions
Replies: 7
Views: 427

Re: December 31 Dividends and Cap Gains Distributions

The approach I’d use, assuming you’re not adding to the holdings, would be to assume this year’s distributions are the same as last year’s, perhaps with a ~10% cushion in case they grow. Worst case would be you’d owe 15% only on the amount that puts you above the zero percent threshold, not the who...
by bUU
Wed Apr 03, 2019 5:54 am
Forum: Personal Finance (Not Investing)
Topic: Losing a job in your 50's...
Replies: 431
Views: 61146

Re: Losing a job in your 50's...

And if you started your career late, if you never earned a high salary, if you have/had health issues that set you back, money should not be an issue right? Lately, it seems some of the forum posters are living in la-la land. The vast majority of working people are no where near FI in their lifetim...
by bUU
Wed Apr 03, 2019 5:14 am
Forum: Personal Finance (Not Investing)
Topic: December 31 Dividends and Cap Gains Distributions
Replies: 7
Views: 427

December 31 Dividends and Cap Gains Distributions

I think I need something explained to me like I'm three years old... I understand the impact of taxes on retirement withdrawals and prefer the proportional strategy over the traditional strategy, but one thing I'm really confused about: Given the need to keep taxable income under a certain amount to...
by bUU
Mon Apr 01, 2019 10:46 am
Forum: Personal Finance (Not Investing)
Topic: New Jersey Inheritance and Estate Tax related to Life Insurance
Replies: 3
Views: 201

Re: New Jersey Inheritance and Estate Tax related to Life Insurance

New Jersey used to have a tax on the value of an NJ resident's estate. The law has changed, but the process has not. The NJ tax authority will still need to value the estate and Life insurance policies are part of an estate. I'm not an expert in the area, so you should consult the estate's lawyer t...
by bUU
Mon Apr 01, 2019 10:06 am
Forum: Personal Finance (Not Investing)
Topic: New Jersey Inheritance and Estate Tax related to Life Insurance
Replies: 3
Views: 201

New Jersey Inheritance and Estate Tax related to Life Insurance

I received the following notice from MetLife along with a check for the death benefit on my father's passing. "Re: Metropolitan Life Insurance Company POLICY XXXXXXX "Dear [buu]: "As a result of recently enacted legislation in the State of New Jersey, we are required to notify the New Jersey Divisio...
by bUU
Mon Mar 27, 2017 11:23 am
Forum: Personal Finance (Not Investing)
Topic: Georgia Age 62 and Taxes
Replies: 10
Views: 2939

Re: Georgia Age 62 and Taxes

jimb_fromATL wrote:So if you have any space in the 15% bracket after you both retire but before RMDs start after age 70, it could be worth converting some money from tax-deferred accounts to Roth IRAs -- IF it appears that you might have some income taxed at 25% after the RMDs start.
Thanks again!
by bUU
Mon Mar 27, 2017 5:45 am
Forum: Personal Finance (Not Investing)
Topic: Georgia Age 62 and Taxes
Replies: 10
Views: 2939

Re: Georgia Age 62 and Taxes

How much other income is likely to exceed the total exclusion and be taxed in Georgia? Quicken Lifetime Planner made it seem like $0. We'd withdraw from retirement accounts in the $10K-$25K range before age 65, and then after that it would go up to a max of about $58K. How much income do each of yo...
by bUU
Sun Mar 26, 2017 6:46 am
Forum: Personal Finance (Not Investing)
Topic: Georgia Age 62 and Taxes
Replies: 10
Views: 2939

Re: Georgia Age 62 and Taxes

Indeed, more factors. But how do you evaluate what to do based on them all, taken together? I just checked and according to Quicken Lifetime Planner, we never would withdraw from tax-deferred accounts more than today's Georgia state limitations for the exclusion, based on the age we'll be at that ti...
by bUU
Sun Mar 26, 2017 4:07 am
Forum: Personal Finance (Not Investing)
Topic: Georgia Age 62 and Taxes
Replies: 10
Views: 2939

Georgia Age 62 and Taxes

I was wondering if anyone had insight into what turning 62 in Georgia involves, financially. We've already stumbled on one: If you are filing jointly, you have to allocate capital gains earned by you as a couple to one person. Flipping the allocation from the younger to the older reduced our tax owe...
by bUU
Tue Dec 20, 2016 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: Can short term capital loss offset capital gain distributions from mutual funds?
Replies: 8
Views: 1596

Re: Can short term capital loss offset capital gain distributions from mutual funds?

Okay thanks!. So the key is whether I have enough capital gain distributions from mutual funds that are specifically long-term capital gains. These distributions come from (specifically) ARTGX, FSTVX, and VGHAX. Fidelity lists ARTGX and FSTVX as all 15% Rate Capital Gains, so that's long-term I beli...
by bUU
Tue Dec 20, 2016 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: Can short term capital loss offset capital gain distributions from mutual funds?
Replies: 8
Views: 1596

Re: Can short term capital loss offset capital gain distributions from mutual funds?

If my assumption is correct, then there is no excess loss involved. There's more than enough capital gains distributions from mutual funds to eat up the entirety of the short term capital loss I propose to incur. The question here in only a matter of whether capital gain distributions from mutual fi...
by bUU
Tue Dec 20, 2016 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: Can short term capital loss offset capital gain distributions from mutual funds?
Replies: 8
Views: 1596

Can short term capital loss offset capital gain distributions from mutual funds?

Simple question. My read is that Capital gain distributions from 1099-B's end up on Schedule D Line 13, so whatever capital loss one might have would offset that gain. Yes?
by bUU
Sat Jan 09, 2016 6:30 am
Forum: Investing - Theory, News & General
Topic: worst first four opening days in HISTORY for S&P 500
Replies: 125
Views: 17831

Re: worst first four opening days in HISTORY for S&P 500

Lucky break for me: I'm rolling my 403b into my 457b. The money came out of the 457 before Christmas and went into the 457 today, so I get to buy low. Just hope things go up next week! My 401k is about to be rolled into a new 401k, due to a company acquisition. Mark my words: The old 401k will be l...
by bUU
Wed May 27, 2015 3:53 am
Forum: Personal Finance (Not Investing)
Topic: HSA Excess Contribution -2014
Replies: 13
Views: 1634

Re: HSA Excess Contribution -2014

PMJI but I don't understand why putting $3300 into an HSA when the limit is $3300 is an excess contribution situation. I had thought that gains on the amounts in the HSA that are invested were not considered contributions.
by bUU
Tue May 26, 2015 7:30 am
Forum: Personal Finance (Not Investing)
Topic: Anyone met with Fidelity Advisor before?
Replies: 19
Views: 3555

Re: Anyone met with Fidelity Advisor before?

The free Fidelity service we took advantage of in Massachusetts was wonderful. The adviser was a CFP and was completely no-pressure. We asked her for specific things and got specific answers. She understood going in that the only recommendations we would show any interest in were those consistent wi...
by bUU
Sun Feb 08, 2015 7:36 am
Forum: Personal Finance (Not Investing)
Topic: Rules concerning issuance of 1099-HC
Replies: 1
Views: 304

Rules concerning issuance of 1099-HC

Are there any regulations regarding issuance of proof of health insurance. If so, in what timeframe must such proof by issued?
by bUU
Tue Dec 23, 2014 9:05 am
Forum: Personal Finance (Not Investing)
Topic: Paying Just One Estimated Tax Payment
Replies: 14
Views: 5949

Re: Paying Just One Estimated Tax Payment

Thanks.

I've still got a $1 penalty to pay due to underpayment in first quarter - I suppose there is no way to get around that.
by bUU
Tue Dec 23, 2014 7:23 am
Forum: Personal Finance (Not Investing)
Topic: Paying Just One Estimated Tax Payment
Replies: 14
Views: 5949

Paying Just One Estimated Tax Payment

We have had a lot of dividends in November and December, more than we expected, and the tax due on those dividends puts us over the top in terms of underpayment of estimated tax for this tax year. Is it legitimate to send in a check today, i.e., before the January 16 deadline for fourth quarter esti...
by bUU
Wed Oct 22, 2014 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: Question about Excluding the Gain from Sale of Home
Replies: 5
Views: 570

Re: Question about Excluding the Gain from Sale of Home

Thanks!

If I understand correctly, we're golden: The amount we're selling it for is less than $250K more than the purchase price. If I understand correctly, the two adjustments you mentioned would just make the calculation go even further in our favor.
by bUU
Wed Oct 22, 2014 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Question about Excluding the Gain from Sale of Home
Replies: 5
Views: 570

Question about Excluding the Gain from Sale of Home

I've read it over and just want some clarity. It seems very straightforward to me: If you live in a home you own for two years, and you have a $250K gain on the home, the gain isn't taxed. And you can do that every two years? For some reason I thought the exclusion was a one-time thing. Can someone ...
by bUU
Sat Apr 26, 2014 9:45 am
Forum: Personal Investments
Topic: Advice [on Shariah compliant investment products]
Replies: 60
Views: 9545

Re: Advice for [Religious Investor]

For what specific investment objectives, and under what specific conditions? It seems to me that the answer to that question would necessarily need to follow from a scenario presented as per http://www.bogleheads.org/forum/viewtop ... f=1&t=6212
by bUU
Fri Apr 25, 2014 9:21 am
Forum: Personal Investments
Topic: Advice [on Shariah compliant investment products]
Replies: 60
Views: 9545

Re: Advice for [Religious Investor]

I cannot speak to the others, but I have held AMAGX for almost a decade, and its portfolio has changed over that time, albeit quite slowly (turnover = 1%). It is still way too much work, for me, to have tracked the fund for the purpose of co-opting its portfolio selections, and made changes to my po...
by bUU
Thu Apr 17, 2014 3:45 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Full View
Replies: 23
Views: 7279

Re: Fidelity Full View

The password lockers I was referring to are indeed similar.
by bUU
Wed Apr 02, 2014 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: 401(k) HCE provision - How does it actually work?
Replies: 16
Views: 1455

Re: 401(k) HCE provision - How does it actually work?

Self-ed only works when you have a head for that kind of thing - I do not - and that's putting aside the fact that it is unreasonable to expect individual HCEs to pay $700 to make sure that their company isn't just making it up as they go along.
by bUU
Wed Apr 02, 2014 5:20 am
Forum: Personal Finance (Not Investing)
Topic: 401(k) HCE provision - How does it actually work?
Replies: 16
Views: 1455

Re: 401(k) HCE provision - How does it actually work?

Howdy. I'm back with more HCE questions. Could someone help me understand the laws regarding ADP with regard to the testing being done in the context of the corporate parent instead of on the plan level? We are owned by another company 98%-100% and I've been informed that the ADP test, which I was s...
by bUU
Mon Mar 17, 2014 6:52 am
Forum: Personal Finance (Not Investing)
Topic: Forgot to file form 8606 (Non Deductible IRA)
Replies: 9
Views: 5764

Re: Forgot to file form 8606 (Non Deductible IRA)

Hello everyone, Over the years, I sometimes put money in IRA but forgot to file form 8606. What's the best way to correct this issue? I've moved the IRA accounts around as well as combine.mix them up in the mean time, too. Thanks in advance. It is a very good idea to update your 8606 every year and...
by bUU
Sat Jan 18, 2014 8:00 am
Forum: Investing - Theory, News & General
Topic: New PenFed CD rates!
Replies: 313
Views: 59248

Re: New PenFed CD rates!

Tangential and relatively inconsequential question... for folks who use Quicken and have started a ladder at PenFed, do different CDs come in as separate accounts?
by bUU
Mon Nov 25, 2013 9:24 am
Forum: Personal Investments
Topic: Help me divorce my individual stocks
Replies: 11
Views: 1496

Re: Help me divorce my individual stocks

leonard wrote:
Call_Me_Op wrote:Hang onto them, and just buy index funds with new money. It's not a sin to hold individuals - just taking uncompestaed risk.

since when is taking uncompensated risk NOT a sin.
When the spouse says so.

Sometimes we have to answer to an even higher authority than Bogle.
by bUU
Sun Nov 24, 2013 2:59 pm
Forum: Personal Investments
Topic: Sell or not?
Replies: 5
Views: 608

Re: Sell or not?

Interesting... side question that that raises: Is it possible to donate appreciated ESPP shares? I assume the deduction discounted by the ESPP discount, yes?
by bUU
Sun Nov 24, 2013 2:11 pm
Forum: Personal Investments
Topic: Sell or not?
Replies: 5
Views: 608

Sell or not?

While I've been working to improve the overall complexion of our investment portfolio, there have been smaller concerns that got pushed to the back burner. What follows are the 15 smallest holdings in our portfolio, representing less than 8 1/4% of all our investments. The short form of the question...
by bUU
Wed Nov 20, 2013 8:26 pm
Forum: Personal Finance (Not Investing)
Topic: How do you feel about paperless statements?
Replies: 101
Views: 8861

Re: How do you feel about paperless statements?

Over time paper records gathered a large number of practices designed to ensure their fidelity. Things like signatures, indelible ink, water marks and engraved letter head, notaries and giving copies of a contract to all contracting parties. None of which are found on many of the statements and rec...
by bUU
Wed Nov 20, 2013 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: How do you feel about paperless statements?
Replies: 101
Views: 8861

Re: How do you feel about paperless statements?

How are you going to recover really old records? How are you going to recover really old paper records? How are your going to recover from some big cyber attack on you How are you going to recover from a fire in your house? or you broker/bank? That's not going to be any different whether you keep y...