Search found 6981 matches

by JW-Retired
Mon Dec 17, 2018 10:09 am
Forum: Investing - Help with Personal Investments
Topic: Options for Tax-Inefficient Holding?
Replies: 5
Views: 245

Re: Options for Tax-Inefficient Holding?

Do you have losses elsewhere that you can harvest and offset some of the gains? No paper losses. A reasonable strategy may be to wait until I have some losses and to offset then. Also, I will not add anything to this fund. Usually, realized losses are better spent on offsetting them against your or...
by JW-Retired
Fri Dec 14, 2018 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Rolling 401k to IRA after Retirement
Replies: 6
Views: 537

Re: Rolling 401k to IRA after Retirement

My mother recently retired (69 years old) and wanted to withdrawal a set monthly amount in her Fidelity 401k. Her balance is $100k and wanted to withdraw about $400k a month (this amount will be less due to paying tax). However, when I tried to help her with this request, I learned that since she's...
by JW-Retired
Thu Dec 13, 2018 12:12 pm
Forum: Investing - Theory, News & General
Topic: Our mentor [Jack Bogle] advises to "buy bonds" for protection in current market
Replies: 61
Views: 5890

Re: Our mentor advises to "buy bonds" for protection in current market

Hmmm... sell stocks and buy bonds because a drop in stocks is coming ... sounds a heckuva lot like market timing to me. Not that that is always a bad idea, but it is heresy to most "Bogleheads." IMO, not heresy. I read it as Bogle thinks maybe those who have shunned bonds altogether might reconside...
by JW-Retired
Wed Dec 12, 2018 2:33 pm
Forum: Forum Issues and Administration
Topic: How do I delete my account?
Replies: 13
Views: 5682

Re: How do I delete my account?

Been on here for a few months, it’s not for me. How do I delete my account? If there are some posts you regret you can always delete all their text one post at a time using edit (the pencil in the upper right). However, if there are other posts following yours, that now empty post will stay in the ...
by JW-Retired
Wed Dec 12, 2018 10:39 am
Forum: Investing - Theory, News & General
Topic: What Happened to you during the Financial crisis of 2007–2008
Replies: 231
Views: 17972

Re: What Happened to you during the Financial crisis of 2007–2008

The great recession was not very worrisome for us personally. I felt there was no danger of losing my job. Moreover, my plan in or out of a financial crisis is/was always not to sell bonds to re-balance, and we didn't. Not worrying about that is very soothing. :D I did keep up my spreadsheet every m...
by JW-Retired
Tue Dec 11, 2018 12:32 pm
Forum: Investing - Theory, News & General
Topic: Funding tIRA from joint taxable account?
Replies: 7
Views: 479

Re: Funding tIRA from joint taxable account?

Hello — hopefully a simple question. I did the backdoor Roth IRA this year for both my wife and I (at Vanguard). To change the subject to the usual pitfall of a backdoor Roth. Have you done IRS 8606 form dry runs for tax years 2018 and 2019? Practicing that before you actually do something would do...
by JW-Retired
Mon Dec 10, 2018 12:55 pm
Forum: Investing - Theory, News & General
Topic: Has anyone adjusted their stock allocation on the dip?
Replies: 70
Views: 5046

Re: Has anyone adjusted their stock allocation on the dip?

We don't adjust on a dip, only adjust our stock AA down if it gets too high. Never adjust the stock allocation upward should it go below our 60/40 AA target. We rely on the market to eventually adjust back to 60/40 for us. Letting the market do it has worked fairly quickly before, but possibly it wo...
by JW-Retired
Sun Dec 09, 2018 11:30 am
Forum: Investing - Help with Personal Investments
Topic: Roth conversion
Replies: 15
Views: 1751

Re: Roth conversion

I am single 69 standard deduction will be 70 Jan 2019. I received some income in 2018 which I will not receive in 2019. I will only have SS of $36,000 and RMD’s that will be less than the $85,000 for lower medicare premiuims. I do not mind paying more for Medicare in 2020 approx, $2028 to be able t...
by JW-Retired
Fri Dec 07, 2018 11:49 am
Forum: Investing - Help with Personal Investments
Topic: Roth conversion
Replies: 15
Views: 1751

Re: Roth conversion

2018 adjusted gross income - $44,875 SS $15,756 (spousal rate) adjusted at 85% = $13,393 total adjusted income $58,268 with a standard deduction = 22% Fed tax $7153 state $1455 Is there a typo above? I cannot make any sense of your tax calculation and can't see how you could have taxes that high. C...
by JW-Retired
Thu Dec 06, 2018 5:15 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 8814
Views: 1692915

Re: U.S. stocks in freefall

I predict this is a 4 digit point loss today (DOW). I'll "predict" it will be down too. If it is, I promise to share my forecasting algorithm here. :twisted: JW Prediction was on the money! The algorithm is heads=up and tails=down. Thankfully, tomorrow is predicted to be up. JW Oops, it was down a ...
by JW-Retired
Thu Dec 06, 2018 2:28 pm
Forum: Investing - Help with Personal Investments
Topic: 20M Inheritance - What is best option for small/no risk on principal?
Replies: 93
Views: 11851

Re: 20M Inheritance - What is best option for small/no risk on principle?

........................ is pretty great for no risk on the actual principle. Any other options worth looking into? fwdmotion, Can you explain your reason for not wanting to risk "actual principle"? A conservative mixture of stocks & bonds is pretty low risk. Would something dire happen if the valu...
by JW-Retired
Thu Dec 06, 2018 10:56 am
Forum: Investing - Help with Personal Investments
Topic: Roth conversion
Replies: 15
Views: 1751

Re: Roth conversion

I think we need to know your taxable income this year before you add the $75,000 Roth conversion. Not knowing that, I would probably just convert up to the jump in medicare or the top of the 22% bracket, whichever comes first. It's probably not going to make very much long term difference. Once you...
by JW-Retired
Thu Dec 06, 2018 9:50 am
Forum: Investing - Help with Personal Investments
Topic: In a Bear Market, What Are Some Best Practices
Replies: 53
Views: 6933

Re: In a Bear Market, What Are Some Best Practices

Four things: 1) don't sell; 2) keep buying; 3) turn off all financial news; 4) don't check your balances (except when time to rebalance to meet your AA). My twist on this that's worked great over many-many years: Four Two things: 1) don't sell; 2) keep buying equities(with new money only); 3) turn ...
by JW-Retired
Thu Dec 06, 2018 9:24 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 8814
Views: 1692915

Re: U.S. stocks in freefall

corn18 wrote:
Thu Dec 06, 2018 9:09 am
I predict this is a 4 digit point loss today (DOW).
I'll "predict" it will be down too. If it is, I promise to share my forecasting algorithm here. :twisted:
JW
by JW-Retired
Wed Dec 05, 2018 10:12 pm
Forum: Investing - Help with Personal Investments
Topic: Roth conversion
Replies: 15
Views: 1751

Re: Roth conversion

I think we need to know your taxable income this year before you add the $75,000 Roth conversion. Not knowing that, I would probably just convert up to the jump in medicare or the top of the 22% bracket, whichever comes first. It's probably not going to make very much long term difference. Once you ...
by JW-Retired
Tue Dec 04, 2018 2:35 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with an old tIRA
Replies: 2
Views: 277

Re: What to do with an old tIRA

I have an old tIRA, approximately $32,000, through NWM that I am transferring to Vanguard. Do I need to roll it into my work 401k before back door roth? Benefits of that vs just roth conversion? Thanks! Yes, you need to hide the tIRA in your 401k, and leave it there. Otherwise you will owe large ta...
by JW-Retired
Mon Dec 03, 2018 9:35 am
Forum: Personal Finance (Not Investing)
Topic: Restarting SS at age 70
Replies: 7
Views: 681

Re: Restarting SS at age 70

They automatically deduct both medicare B and D from the monthly SS check. As I recall you need to file a W-4 withholding form to tell them how much tax to take out, if any.
JW
by JW-Retired
Fri Nov 30, 2018 7:36 am
Forum: Investing - Theory, News & General
Topic: Back Door Roth: Can it trigger an Audit?
Replies: 14
Views: 1223

Re: Back Door Roth: Can it trigger an Audit?

For what it's worth............I've never waited more than the couple of days it took for the money to appear in the tIRA. Also have never seen anybody here post a complaint that a back door Roth did trigger an audit. The very common trouble is they don't do their 8606 form right or they don't file ...
by JW-Retired
Thu Nov 29, 2018 8:48 pm
Forum: Personal Finance (Not Investing)
Topic: Form 709 [Gift tax] for gifting to child
Replies: 21
Views: 1063

Re: Form 709 [Gift tax] for gifting to child

Per the instructions for form 709: “If a gift is of community property, it is considered made one-half by each spouse. For example, a gift of $100,000 of community property is considered a gift of $50,000 made by each spouse, and each spouse must file a gift tax return.” It clearly says that EACH s...
by JW-Retired
Thu Nov 29, 2018 7:59 pm
Forum: Personal Finance (Not Investing)
Topic: Form 709 [Gift tax] for gifting to child
Replies: 21
Views: 1063

Re: Form 709 [Gift tax] for gifting to child

Thanks HueyLD. Yes, the amount is more than $30k and is considered community property even if it is from my earnings, as we are married. So, I gather that my spouse will also have to submit 709 for half of the amount > $30k gifted to our child. You can submit just one 709 for the both of you. One s...
by JW-Retired
Thu Nov 29, 2018 1:33 pm
Forum: Investing - Help with Personal Investments
Topic: Please Evaluate New Retirement Plan Options
Replies: 12
Views: 731

Re: Please Evaluate New Retirement Plan Options

fastpace_re wrote:
Thu Nov 29, 2018 11:59 am
According to the Powerpoint they showed us:

The Company will pay the following Plan expenses:

All investment advisory fees
Record-keeping platform fees
TPA service fees.

Investment fees (the cost of the mutual funds chosen) will be paid by members.
Great! :beer
by JW-Retired
Thu Nov 29, 2018 11:52 am
Forum: Investing - Help with Personal Investments
Topic: Please Evaluate New Retirement Plan Options
Replies: 12
Views: 731

Re: Please Evaluate New Retirement Plan Options

Anyway, here are the fund choices at the beginning of 2019. Just curious if these are decent options or not. Pardon my skepticism. If you got all these expense ratios from the 401k information they look good, but it makes me wonder how the advisors and administrators get paid? All the ERs I checked...
by JW-Retired
Thu Nov 29, 2018 11:06 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor Vanguard Roth Conversion
Replies: 3
Views: 209

Re: Backdoor Vanguard Roth Conversion

Did I do something wrong? What should I do with the $2.77 in place? Doesn't having the money there preclude me from performing another backdoor Roth next year? Can I withdraw it without penalty? Always convert "all" not a specific number. If you did that it shouldn't have left the $2.77..... but it...
by JW-Retired
Wed Nov 28, 2018 8:48 pm
Forum: Investing - Help with Personal Investments
Topic: 401k rollover to IRA
Replies: 8
Views: 712

Re: 401k rollover to IRA

The ERISA issue is interesting. I live in a remote part of California and it does appear that an unfortunate legal situation could leave my retirement assets more vulnerable if I switch to a tIRA. From what I've read online, bankruptcy is an option. I do have a good relationship with a law firm my ...
by JW-Retired
Wed Nov 28, 2018 7:26 am
Forum: Investing - Help with Personal Investments
Topic: 401k rollover to IRA
Replies: 8
Views: 712

Re: 401k rollover to IRA

We really need to have some idea of your age, income, & expected future income. Is your income low enough that you will be able to contribute to a tIRA on into the future? If not this rollover IRA will be orphaned. Also, if you might sometime make too much to contribute to a Roth IRA, having a tIRA ...
by JW-Retired
Tue Nov 27, 2018 9:02 am
Forum: Investing - Help with Personal Investments
Topic: Starting SS to cover Roth conversion tax
Replies: 19
Views: 1360

Re: Starting SS to cover Roth conversion tax

Your thoughts please on starting wife's SS now at age 64, approximately 11000 annually, and using this cash to finance tax on Roth Conversions in the 24% bracket? I feel strongly that rates will be going up. Husband will start SS at age 70. 64 year old retired couple, solidly in the 24% tax bracket...
by JW-Retired
Sun Nov 25, 2018 8:04 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Draw Question
Replies: 32
Views: 2924

Re: Social Security Draw Question

Using the calculator it essentially told me to: 1. Have my wife wait until full retirement age at 66yrs 7 months 2. Have me file on my full retirement age which is like 67 years. Not sure why and will need to do more work on it but I think I would wait until I am 70 and if my wife waits it will be ...
by JW-Retired
Sat Nov 24, 2018 9:46 pm
Forum: Investing - Help with Personal Investments
Topic: gift shares of mutual fund to an heir
Replies: 2
Views: 342

Re: gift shares of mutual fund to an heir

If you give the shares, there is no step-up. Your cost basis goes with the shares. If you die and the heirs inherit the shares, then they get the step-up. So, gifting may not be such a good idea. If the potential heirs have a lower tax rate for realized cap gains then you have, it can still be a fa...
by JW-Retired
Sat Nov 24, 2018 2:36 pm
Forum: Investing - Help with Personal Investments
Topic: Helping a friend with his manager
Replies: 33
Views: 1810

Re: Helping a friend with his manager

I did not think of the fund churning and possible loads. I will ask to see all of the transactions. His parents also use the same guy and I assume he would be doing the same to them if he is to my friend. Many say don't meet with the manager, but I need to help my friend understand what is going on...
by JW-Retired
Sat Nov 24, 2018 1:05 pm
Forum: Investing - Help with Personal Investments
Topic: 401K Choices - 53 and Looking to retire within 2 to 4 years
Replies: 21
Views: 1688

Re: 401K Choices - 53 and Looking to retire within 2 to 4 years

I have to say I don't know how you should reallocate. "Top sectors, high quality, diversified mix".... are all pretty meaningless and incomplete information here. Most of us would be looking for various index funds with low costs that could be apportioned to somehow to cover the world market. (in c...
by JW-Retired
Sat Nov 24, 2018 10:44 am
Forum: Investing - Help with Personal Investments
Topic: 401K Choices - 53 and Looking to retire within 2 to 4 years
Replies: 21
Views: 1688

Re: 401K Choices - 53 and Looking to retire within 2 to 4 years

I have to say I don't know how you should reallocate. "Top sectors, high quality, diversified mix".... are all pretty meaningless and incomplete information here. Most of us would be looking for various index funds with low costs that could be apportioned to somehow to cover the world market. (in co...
by JW-Retired
Sat Nov 24, 2018 8:45 am
Forum: Personal Finance (Not Investing)
Topic: H&R Block 2018 Tax Software Deluxe $18.00 - Black Friday sale
Replies: 257
Views: 18457

Re: H&R Block 2018 Tax Software Deluxe $18.00 - Black Friday sale

I am holding out for the $10 deal! Have you seen a price that low in recent years? Not that recent, but they once sent me a free Deluxe for being a good customer. That's my one and only good deal. Usually I just pay the typical $30 price as soon as it's available. I do find it amusing that so many ...
by JW-Retired
Fri Nov 23, 2018 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: Claiming Suspended SS Benefit
Replies: 8
Views: 855

Re: Claiming Suspended SS Benefit

Since I filed and suspended SS benefits, I cannot start benefits online. I called SSA to start my suspended benefit and was told I have to go to my SSA office in person. This will take a half day of my time sitting in a crowded, uncomfortable waiting room. Has anyone been able to claim their suspen...
by JW-Retired
Fri Nov 23, 2018 8:28 am
Forum: Personal Finance (Not Investing)
Topic: Social Security questions, please help!
Replies: 21
Views: 3249

Re: Social Security questions, please help!

If that's the case I would only be giving up two-to-three percentage points, which I think is a small price to pay given the certainty of actually receiving those three or four additional monthly checks... It's a huge price for your spouse to pay. When you do pass your survivor will get a 3% (or pr...
by JW-Retired
Fri Nov 23, 2018 7:31 am
Forum: Personal Consumer Issues
Topic: Tiny Baby Spiders on my Toaster
Replies: 40
Views: 3054

Re: Tiny Baby Spiders on my Toaster

.......... a picture that looks just like our spiders is at https://www.alamyimages.fr/photos-images/baby-spiders.html Image E3KYBF. But it's just the picture with no ID of the spiders. I guess not likely there will be a firm ID of my toaster spider babies. However, the link cited above also gives ...
by JW-Retired
Thu Nov 22, 2018 10:07 pm
Forum: Investing - Theory, News & General
Topic: What financial advice have you been most grateful for?
Replies: 50
Views: 4235

Re: What financial advice have you been most grateful for?

In the late 1970's, a retired rocket science guy from JPL started selling an audio course titled like "How to invest in no-load mutual funds". I saw his ad in one of the aerospace journals and bought the tapes for something around $30. It had a lot of Bogle like thinking way before I ever heard of J...
by JW-Retired
Thu Nov 22, 2018 11:42 am
Forum: Personal Consumer Issues
Topic: Tiny Baby Spiders on my Toaster
Replies: 40
Views: 3054

Re: Tiny Baby Spiders on my Toaster

I added above that a picture that looks just like our spiders is at https://www.alamyimages.fr/photos-image ... iders.html
Image E3KYBF. But it's just the picture with no ID of the spiders.
JW
by JW-Retired
Thu Nov 22, 2018 11:25 am
Forum: Personal Consumer Issues
Topic: Tiny Baby Spiders on my Toaster
Replies: 40
Views: 3054

Re: Tiny Baby Spiders on my Toaster

google "yellow Araneus diadematus", check out the photos, and report back. No, these babies didn't have any black spot. Purely a translucent yellow-orange. JW ps: I googled up a picture looking like my toaster babies at https://www.alamyimages.fr/photos-images/baby-spiders.html .... image E3KYBF
by JW-Retired
Thu Nov 22, 2018 10:42 am
Forum: Personal Consumer Issues
Topic: Tiny Baby Spiders on my Toaster
Replies: 40
Views: 3054

Re: Tiny Baby Spiders on my Toaster

fposte wrote:
Thu Nov 22, 2018 10:21 am
.....the one that comes up most for the US is the yellow sac spider. If it's the latter, be careful--their bite is nasty. .....
Thanks, but don't think it's that one as they have an egg sac of around 40 eggs. There were several times more baby spiders than that.
JW
by JW-Retired
Thu Nov 22, 2018 9:43 am
Forum: Personal Consumer Issues
Topic: Tiny Baby Spiders on my Toaster
Replies: 40
Views: 3054

Tiny Baby Spiders on my Toaster

I was making coffee this morning and noticed one top edge of the toaster was covered with ultra-tiny gold colored baby spiders. Hundreds of them with the body size of a poppy seed tiny. Had to look very close up to see they were indeed spiders. Most were moving slowly back and forth along the edge o...
by JW-Retired
Tue Nov 20, 2018 8:54 pm
Forum: Investing - Theory, News & General
Topic: What's in your Investor Policy Statement about Bear Markets?
Replies: 52
Views: 3520

Re: What's in your Investor Policy Statement about Bear Markets?

BEAR MARKET ACTIONS: 1) Make sure the emergency fund is fully funded. Make sure "Plan B" is updated. (Comment: "Plan B" is my plan for an extended job loss.) 2) Switch all automatic purchases to equities only. 3) Make sure investing is automated. You don't want to skip any investing opportunities. ...
by JW-Retired
Mon Nov 19, 2018 7:00 pm
Forum: Investing - Help with Personal Investments
Topic: MAGI, individual 401k contribution, IRMAA
Replies: 10
Views: 672

Re: MAGI, individual 401k contribution, IRMAA

Lemans1 wrote:
Mon Nov 19, 2018 6:30 pm
Actually, I will be receiving a 1099.
Sorry, I miss the obvious. :oops: Dunno how a 1099 handles it.
JW
by JW-Retired
Mon Nov 19, 2018 5:15 pm
Forum: Investing - Help with Personal Investments
Topic: MAGI, individual 401k contribution, IRMAA
Replies: 10
Views: 672

Re: MAGI, individual 401k contribution, IRMAA

"Be cautious. IRMAA is a cliff." That's my concern. it seems to me that the only way I can avoid IRMAA is by being able to exclude my individual 401k contributions from MAGI! Don't worry, there is nothing you need to do to "exclude" it! 401k contributions are already taken out of your earnings in t...
by JW-Retired
Sun Nov 18, 2018 2:17 pm
Forum: Investing - Theory, News & General
Topic: Basic simple questions on TLH
Replies: 5
Views: 447

Re: Basic simple questions on TLH

However, I was not exactly clear either. In taxable I have All World ex-US and in IRA I have Total International. It would look like this: Taxable: Sell All World ex-US Buy Total Stock IRA Sell Total Stock Buy Total International (in taxable) I think this saves me from the wash sale since Total Int...
by JW-Retired
Sun Nov 18, 2018 11:13 am
Forum: Personal Finance (Not Investing)
Topic: [Backdoor Roth Conversion - Does pro-rata rule apply?]
Replies: 2
Views: 170

Re: [Backdoor Roth Conversion - Does pro-rata rule apply?]

[Moved into a stand-alone post from: pro-rata rule in Backdoor Roth Conversion --LadyGeek] Hello, I have a traditional IRA at Tiaa-Cref but not at Vanguard. If I do a backdoor Roth through Vanguard will the Pro-rata rule still take into account my traditional IRA at Tiaa? Thanks, -Matt The answer i...
by JW-Retired
Sun Nov 18, 2018 9:32 am
Forum: Investing - Help with Personal Investments
Topic: If the market is this high, does it make sense to invest a large sum of money?
Replies: 38
Views: 3387

Re: If the market is this high, does it make sense to invest a large sum of money?

I'm 31 and I have about $30,000 that I want to invest in my Roth IRA. I already have my options selected, but my questions is does it make sense to invest all $30,000 now while the market is high? Should I reserve some of this money for when the market is better valued? It might be helpful if you t...
by JW-Retired
Sat Nov 17, 2018 8:02 pm
Forum: Personal Consumer Issues
Topic: Toyota Dealer Lost My New Car's Key
Replies: 14
Views: 2584

Re: Toyota Dealer Lost My New Car's Key

Toyota can use their in house OEM TechStream maintenance application to programmatically remove the lost key from the car's internal key registry and then add the new replacement key. Ask them to do so and to show you a printout confirming the lost key has been programmatically removed from the car...
by JW-Retired
Sat Nov 17, 2018 3:52 pm
Forum: Personal Consumer Issues
Topic: Toyota Dealer Lost My New Car's Key
Replies: 14
Views: 2584

Re: Toyota Dealer Lost My New Car's Key

You didn't say what model you have but it is almost certain that the car needs to be programed to recognize the key. When the new key is programed they should remove the old key from the list . Once that is done the old key may still open the door but it won't start the engine. Thanks Watty. That s...
by JW-Retired
Sat Nov 17, 2018 2:14 pm
Forum: Personal Consumer Issues
Topic: Toyota Dealer Lost My New Car's Key
Replies: 14
Views: 2584

Re: Toyota Dealer Lost My New Car's Key

It's a 2018 RAV4.
JW
by JW-Retired
Sat Nov 17, 2018 1:12 pm
Forum: Personal Consumer Issues
Topic: Toyota Dealer Lost My New Car's Key
Replies: 14
Views: 2584

Toyota Dealer Lost My New Car's Key

My Toyota dealer got my new car in a rush from another area dealer to get us exactly what we wanted. Those other guys delivered it to our dealer with only one electronic key instead of two. So the 2nd key was lost or stolen at that other dealer. My dealer has been trying to get them to track it down...