Search found 54 matches

by Swymer
Thu Sep 27, 2018 10:10 am
Forum: Personal Investments
Topic: Max % from non-spousal inherited IRA?
Replies: 17
Views: 958

Re: Max % from non-spousal inherited IRA?

''The 5 year rule allows you to let the IRA to continue to grow without taking funds out for up 5 years if you wish. This allows time for tax planning and I can think scenarios where someone wouldn’t want to take out a dime from RMDs before then.'' Ok, I didn't know that. Now I understand what the 5...
by Swymer
Wed Sep 26, 2018 7:42 pm
Forum: Personal Investments
Topic: Max % from non-spousal inherited IRA?
Replies: 17
Views: 958

Re: Max % from non-spousal inherited IRA?

If you can just take all the money out whenever...then I don't understand why one of the options is to have It all out in a certain amount of time. It just doesn't seem to make any sense.
by Swymer
Wed Sep 26, 2018 7:02 pm
Forum: Personal Investments
Topic: Max % from non-spousal inherited IRA?
Replies: 17
Views: 958

Re: Max % from non-spousal inherited IRA?

I thought that since I didn't take all the money out within the first 5 years of owning the IRA that the money had to be taken ''slowly'' over my lifetime?

I couldn't possibly empty the account in 1 year, could I?
by Swymer
Wed Sep 26, 2018 6:12 pm
Forum: Personal Investments
Topic: Max % from non-spousal inherited IRA?
Replies: 17
Views: 958

Max % from non-spousal inherited IRA?

I've chosen to withdraw the money slowly over my lifetime so I've been withdrawing the RMDs every year but foresee ( probably within 5 years or so) needing to go beyond taking just the minimum required distributions. So was wondering if anyone on here knows the maximum percentage of an inherited non...
by Swymer
Fri Mar 31, 2017 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: K-1 Help Please
Replies: 2
Views: 377

Re: K-1 Help Please

That seems weird that TaxAct would hide info. Maybe to get people to buy more products? Anyways, thanks. I'll check out irs.gov.
by Swymer
Fri Mar 31, 2017 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: K-1 Help Please
Replies: 2
Views: 377

K-1 Help Please

Hey guys, I'm using TaxAct & I haven't been able to enter my K-1 (form 1041) info from box 14. Box 14 has code I and the boxes in TaxAct's software only go up to H. The trustee who prepared my K-1 said to enter the info from box 14 on Form 1116 on page 2, line 10. So I'm wondering... Is this somethi...
by Swymer
Sun Jul 19, 2015 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: I need a loan! Or maybe a better plan...
Replies: 18
Views: 2405

Re: I need a loan! Or maybe a better plan...

Find another unit to rent. Assuming someone would give you a loan, how would you pay it back? At 40 with $7k in income, are you just extremely frugal? How about monthly rent? Maybe some additional info could assist us. With the information we have, you don't need or want a big mortgage. The problem...
by Swymer
Sun Jul 19, 2015 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: I need a loan! Or maybe a better plan...
Replies: 18
Views: 2405

Re: I need a loan! Or maybe a better plan...

If I'm going to buy this house It needs to be done pretty quickly. I do have a job. You mean a full-time job? I don't think that would help any. It would probably have to be at least a 25k - 30k per year job and I imagine I'd have to have held it for at least a few years before a lender would even c...
by Swymer
Sun Jul 19, 2015 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: I need a loan! Or maybe a better plan...
Replies: 18
Views: 2405

Re: I need a loan! Or maybe a better plan...

Edited. Accidental post
by Swymer
Sun Jul 19, 2015 10:25 am
Forum: Personal Finance (Not Investing)
Topic: I need a loan! Or maybe a better plan...
Replies: 18
Views: 2405

Re: I need a loan! Or maybe a better plan...

...Also I forgot to mention in my first post that there are two other people living with me who agreed to pay the HOA fees and all the utility bills if I buy this place. The plot thickens. What happens if they *don't* pay the HOA fees and utilities? What if they get laid off, relocate for job or pe...
by Swymer
Sat Jul 18, 2015 10:31 pm
Forum: Personal Finance (Not Investing)
Topic: I need a loan! Or maybe a better plan...
Replies: 18
Views: 2405

Re: I need a loan! Or maybe a better plan...

Gheez...not what I wanted to hear but you guys are probably right. So out of curiosity, to see if my logic is correct: if I was able to get some kind of loan with a decent interest rate using my Fidelity stocks and bonds as collateral would that likely wind up leaving me with more money in the long ...
by Swymer
Sat Jul 18, 2015 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: I need a loan! Or maybe a better plan...
Replies: 18
Views: 2405

I need a loan! Or maybe a better plan...

Hello guys. I've become attached to the townhouse I've been living in for the past 8 years. It's going to be going up for sale very soon, probably within a month. I'd like to buy it, and I can afford to, but I'd have to withdraw money from my inherited tIRA, my Roth and my taxable investment account...
by Swymer
Sun Feb 08, 2015 12:16 pm
Forum: Personal Investments
Topic: International ETF in Taxable Account?
Replies: 21
Views: 3488

Re: International ETF in Taxable Account?

Ok, @retiredjg, DSInvistor & livesoft. Aside from the funds I have listed... do you guys think there is a better fund or a combination of funds that would likely perform very well that you would use to fund my taxable account? If so, which asset or assets would you go with and in what ratios?
by Swymer
Sun Feb 08, 2015 11:58 am
Forum: Personal Investments
Topic: International ETF in Taxable Account?
Replies: 21
Views: 3488

Re: International ETF in Taxable Account?

''If you do not understand how to figure out tax efficiency, then I can help if you tell me the per-share foreign taxes paid by FSGDX in 2014.''

Yeah, I don't know how to figure out tax efficiency so I'll report back with the per-share foreign taxes paid by FSGDX in 2014.
by Swymer
Sun Feb 08, 2015 11:48 am
Forum: Personal Investments
Topic: International ETF in Taxable Account?
Replies: 21
Views: 3488

Re: International ETF in Taxable Account?

''If you expect to remain in the 0% Fed and 0% state tax brackets, tax efficiency may not be much of a concern'' Exactly what I was thinking too but wasn't sure if tax rate was determined by something in addition to taxable income; such as turnover, capitol gains etc within the fund. A reason why I ...
by Swymer
Sat Feb 07, 2015 6:43 pm
Forum: Personal Investments
Topic: International ETF in Taxable Account?
Replies: 21
Views: 3488

International ETF in Taxable Account?

Hello again. I just wanted to run this past you guys to see if I'm at least partially on the right track. What I plan to do is open a taxable account at Fidelity (all of my investment accounts are with them) and fund it with just one Total international stock ETF. The reason: The research I've done ...
by Swymer
Mon Oct 13, 2014 1:55 pm
Forum: Personal Investments
Topic: Question re: RMD
Replies: 19
Views: 2016

Re: Question re: RMD

Maybe your answer is in http://www.irs.com Pub 590. I don't know as I take mine in Dec to get the advantage of compounding. Good luck. How much of an advantage do you get from compounding? Because I'm in the same boat with having to take RMDs and am still trying to find the ''best'' way to take them.
by Swymer
Sat Sep 20, 2014 11:16 pm
Forum: Personal Investments
Topic: Is it time to start using a taxable account?
Replies: 17
Views: 3744

Re: Is it time to start using a taxable account?

I see. So it would be very difficult to do a Three Fund at Fidelity that would be as good as Vanguard's Three Fund (VTSAX, VTIAX and VWIUX)? No biggie. I can set up a Vanguard account.

Thanks for the reply.

And how did you find the similar ticker so quickly?
by Swymer
Sat Sep 20, 2014 10:11 pm
Forum: Personal Investments
Topic: Is it time to start using a taxable account?
Replies: 17
Views: 3744

Re: Is it time to start using a taxable account?

If this is money on top of your 6 month emergency fund, then by all means, keep saving. Fill up your Roths and 401k/403b first. Our taxable account is at Vanguard with a "3 fund portfolio" of VTSAX, VTIAX and VWIUX. The same asset allocation as our tax-sheltered dollars. When I contemplate "early r...
by Swymer
Mon Sep 08, 2014 2:24 pm
Forum: Personal Investments
Topic: Is it time to start using a taxable account?
Replies: 17
Views: 3744

Re: Is it time to start using a taxable account?

No not self employed but you've given me something to consider.
by Swymer
Mon Sep 08, 2014 1:59 pm
Forum: Personal Investments
Topic: Is it time to start using a taxable account?
Replies: 17
Views: 3744

Re: Is it time to start using a taxable account?

Do you have access to a 401k? I started off a few years ago investing in my work's 401k and backdoor Roth. Once all my student loans were paid off, I opened a taxable account at Vanguard. When you open one up, it's not actually called a "taxable account"; it's what they label a savings account. I o...
by Swymer
Mon Sep 08, 2014 1:31 pm
Forum: Personal Investments
Topic: Is it time to start using a taxable account?
Replies: 17
Views: 3744

Is it time to start using a taxable account?

I've maxed out my Roth for the year (2014) and plan to do so for each and every year from now on. Now I've got 25k just sitting in my checking account that I'd like to invest. Next year (2015) I'll have about 20k to invest and then the following year about 50k. I assume that I have to start using ta...
by Swymer
Thu Sep 04, 2014 1:55 pm
Forum: Investing - Theory, News & General
Topic: Second guessing the three fund portoflio
Replies: 14
Views: 1429

Re: Second guessing the three fund portoflio

Where did you find it? Why not ask the person that wrote it - rather than have others speculate second hand? I found it at mutualfundobserver.com. Ask the person who wrote it? Are you kidding? What would my question be? And do you think they would give an honest answer? (I already suspected that it...
by Swymer
Thu Sep 04, 2014 12:54 pm
Forum: Investing - Theory, News & General
Topic: Second guessing the three fund portoflio
Replies: 14
Views: 1429

Second guessing the three fund portoflio

Hopefully this isn't wrong of me to do but I found this post and wanted to bring it here to see what you guys think about it. ''If you are truly serious about wanting to "put my cash in 5 to 10 funds or ETF's and just leave it there", you should reconsider owning ANY ETFs or index funds. These funds...
by Swymer
Mon Aug 25, 2014 12:14 pm
Forum: Personal Investments
Topic: Moving from UBS to Vanguard
Replies: 18
Views: 4311

Re: Moving from UBS to Vanguard

If I go mutual fund (Admiral shares) with a 3 or 4 fund portfolio, don't I come out ahead expense wise? I have think I have enough money in the taxable money to do this. Or am I overemphasizing this aspect? Go with Vanguard mutual fund accounts. Establish a three fund portfolio using Admiral shares...
by Swymer
Mon Aug 25, 2014 11:42 am
Forum: Personal Investments
Topic: Moving from UBS to Vanguard
Replies: 18
Views: 4311

Re: Moving from UBS to Vanguard

If I go mutual fund (Admiral shares) with a 3 or 4 fund portfolio, don't I come out ahead expense wise? I have think I have enough money in the taxable money to do this. Or am I overemphasizing this aspect? Go with Vanguard mutual fund accounts. Establish a three fund portfolio using Admiral shares...
by Swymer
Tue Aug 19, 2014 11:38 am
Forum: Personal Investments
Topic: Opening a Roth & Traditional IRA
Replies: 18
Views: 2026

Re: Opening a Roth & Traditional IRA

So you are saying this Fidelity fund (FFNOX) is just as good or at least comparable to Vanguard's LifeStrategy & TargetRetirement funds? If it is just as good, or about the same, does it compliment my three-fund-portfolio I have listed at the beginning of this thread? Does this even matter? I think...
by Swymer
Mon Aug 18, 2014 10:28 am
Forum: Personal Investments
Topic: Opening a Roth & Traditional IRA
Replies: 18
Views: 2026

Re: Opening a Roth & Traditional IRA

Just out of curiosity, what if I were to build my Roth in the exact same way as my tIRA-BDA? - FSTVX - 40% (Fidelity Spartan Total Market Index Fund) - FSGDX - 20% ( Fidelity Spartan Global EX US Index Fund) - FSITX - 40% ( Fidelity Spartan US Bond Index Fund) Obviously it wouldn't be the simplest w...
by Swymer
Sun Aug 17, 2014 9:37 pm
Forum: Personal Investments
Topic: Opening a Roth & Traditional IRA
Replies: 18
Views: 2026

Re: Opening a Roth & Traditional IRA

If you really want simplicity and you want to stick with Fidelity, they do have one low cost fund of funds you might consider for your IRA called Fidelity Four-in-One Fund (FFNOX) which is comprised of roughly 48% Fidelity Spartan S&P 500 Index, 12% Fidelity Spartan Extended Market Index, 25% Fidel...
by Swymer
Tue Aug 12, 2014 1:51 pm
Forum: Personal Investments
Topic: Opening a Roth & Traditional IRA
Replies: 18
Views: 2026

Re: Opening a Roth & Traditional IRA

@retiredjg, There is other income but it's inherited and non-taxable. This is why I thought I was in a 15% federal tax bracket: I entered something like $14,400 for Taxable income and ''single'' for Filing Status. I guess since my income is so low it's not really considered ''taxable income''? I thi...
by Swymer
Mon Aug 11, 2014 4:44 pm
Forum: Personal Investments
Topic: Opening a Roth & Traditional IRA
Replies: 18
Views: 2026

Re: Opening a Roth & Traditional IRA

I'll explain tomorrow. I have to work tonight. Thanks for the replies
by Swymer
Mon Aug 11, 2014 2:27 pm
Forum: Personal Investments
Topic: Opening a Roth & Traditional IRA
Replies: 18
Views: 2026

Opening a Roth & Traditional IRA

Hello guys. Hopefully this is enough information for you to get me pointed in the right direction. Here's my situation: -Emergency fund - Yes -No debt -Single -Live in South Carolina -My state tax rate: 7% -My federal tax rate: 15% -39 yrs. old -Earned income: 8k/year -2014 RMD from BDA: $6414.00 -M...
by Swymer
Wed Jun 25, 2014 4:23 pm
Forum: Personal Investments
Topic: Selling stocks, ETFs, & mutual funds
Replies: 32
Views: 2859

Re: Selling stocks, ETFs, & mutual funds

I see the option to ''Attempt to Cancel and Replace'' on the Order Details page. Would this allow me to lower my selling price? Yes as pshonore wrote, but why would you want to? :) Have some fortitude and let your ask of $85.09 stand and see what happens. If your order expires without getting fille...
by Swymer
Wed Jun 25, 2014 11:49 am
Forum: Personal Investments
Topic: Selling stocks, ETFs, & mutual funds
Replies: 32
Views: 2859

Re: Selling stocks, ETFs, & mutual funds

I see the option to ''Attempt to Cancel and Replace'' on the Order Details page. Would this allow me to lower my selling price?
by Swymer
Wed Jun 25, 2014 11:05 am
Forum: Personal Investments
Topic: Selling stocks, ETFs, & mutual funds
Replies: 32
Views: 2859

Re: Selling stocks, ETFs, & mutual funds

Absolutely. Makes perfect sense. I can see how one can translate to the other.

Well, I just placed an order to sell all (53) shares of JKF @ 85.09/share. Hopefully they sell. If not, I'll try to sell them at or around 85.02.

I appreciate your help. (more than you'll ever realize)
by Swymer
Wed Jun 25, 2014 10:19 am
Forum: Personal Investments
Topic: Selling stocks, ETFs, & mutual funds
Replies: 32
Views: 2859

Re: Selling stocks, ETFs, & mutual funds

JKF has almost no shares sold today. The bid/ask is trending slowly higher which is good for you if you are selling. I'd set the limit price to sell at 85.09 for now and see what happens. The order won't get filled right away, if at all. You can change the order in a few hours if it has not execute...
by Swymer
Wed Jun 25, 2014 10:16 am
Forum: Personal Investments
Topic: Selling stocks, ETFs, & mutual funds
Replies: 32
Views: 2859

Re: Selling stocks, ETFs, & mutual funds

I would do a limit order good for the day with no conditions. What does that translate into for your broker? I suggest you try something different for your first order: Sell AGG with a market order. So for Time in Force, I should select ''Day''? Is that how to make it ''good for the day''? And I do...
by Swymer
Wed Jun 25, 2014 9:50 am
Forum: Personal Investments
Topic: Selling stocks, ETFs, & mutual funds
Replies: 32
Views: 2859

Re: Selling stocks, ETFs, & mutual funds

Ok, I'm about to attempt my first ETF sale, JKF. I've selected ''limit order'' but have no idea what to enter for the $ limit price. Any suggestions? And for ''Time in Force'' I'm given the following options: -Good 'til canceled -Fill or Kill -Immediate or Cancel -On the Open -On the Close Which of ...
by Swymer
Tue Jun 24, 2014 5:47 pm
Forum: Personal Investments
Topic: Selling stocks, ETFs, & mutual funds
Replies: 32
Views: 2859

Re: Selling stocks, ETFs, & mutual funds

Suppose Fidelity says, nope, you must wait for the ETF trade to settle in 3 days before buying the index funds. Here is a scheme to keep equities invested without the 3 day delay. It hinges on the fact that bond funds are fixed income just as cash is fixed income. Here's the example: Sell bond fund...
by Swymer
Tue Jun 24, 2014 1:19 pm
Forum: Personal Investments
Topic: Selling stocks, ETFs, & mutual funds
Replies: 32
Views: 2859

Re: Selling stocks, ETFs, & mutual funds

No, my point was not that you should keep AGG. My point was to try to keep your equity allocation constant during this interchange. Before I give an extended example, will Fidelity let you sell the ETFs and on the same day submit an order to buy those index funds? Sell those Vanguard mutual funds l...
by Swymer
Tue Jun 24, 2014 12:28 pm
Forum: Personal Investments
Topic: Selling stocks, ETFs, & mutual funds
Replies: 32
Views: 2859

Re: Selling stocks, ETFs, & mutual funds

Will Fidelity let you buy those mutual funds the same day you sell the ETFs? If not, then I would not sell all the ETFs in one day, but sell some, wait until the money is available to buy the mutual funds, then submit order to buy the mutual funds, and repeat until done. I hope you get the idea tha...
by Swymer
Tue Jun 24, 2014 11:52 am
Forum: Personal Investments
Topic: Selling stocks, ETFs, & mutual funds
Replies: 32
Views: 2859

Re: Selling stocks, ETFs, & mutual funds

Are you sure you don't need the average daily volumes? You should look them up for yourself. Guess who already did? I didn't look at every bid/ask spread, but I suspect that the non-low volume ones have a bid/ask spread of 2 cents or less. So when you sell, are you going be buying at the same time?...
by Swymer
Tue Jun 24, 2014 11:33 am
Forum: Personal Investments
Topic: Selling stocks, ETFs, & mutual funds
Replies: 32
Views: 2859

Re: Selling stocks, ETFs, & mutual funds

Ooops, I forgot to mention that you should post the average daily volume, too. Can you go back and edit your post of symbols please? Oh, never mind. Except for a few, all can be traded with market orders since the average daily volumes appear to be large (greater than half a million). The exception...
by Swymer
Tue Jun 24, 2014 10:48 am
Forum: Personal Investments
Topic: Selling stocks, ETFs, & mutual funds
Replies: 32
Views: 2859

Re: Selling stocks, ETFs, & mutual funds

''Next decide if a limit order or a market order would be OK. How to decide? The easiest way to decide is to post the ticker symbols that you want to sell in this thread and folks can tell you which would be OK.'' Alright, here they are. AGG - ISHARES CORE U.S. AGGREGATE BOND ETF DGZ - DEUTSCHE BANK...
by Swymer
Mon Jun 23, 2014 4:47 pm
Forum: Personal Investments
Topic: Selling stocks, ETFs, & mutual funds
Replies: 32
Views: 2859

Re: Selling stocks, ETFs, & mutual funds

Awesome! Exactly the type of information I was hoping for. Thanks guys. Something I forgot to mention/ask about. What do you guys think about waiting till the investments are 'trending upward' to sell them? My brother took his share of our inherited IRA to a financial advisor and he told my brother ...
by Swymer
Mon Jun 23, 2014 3:04 pm
Forum: Personal Investments
Topic: Selling stocks, ETFs, & mutual funds
Replies: 32
Views: 2859

Selling stocks, ETFs, & mutual funds

I've been researching this but don't feel like it's enough so I would like to get some input from experienced investors. I have a tIRA-BDA that consists of stocks, ETFs, and mutual funds. I'd like to sell all of these and then use the proceeds from the sales to create an all-index-fund portfolio. So...
by Swymer
Wed Jun 04, 2014 12:11 pm
Forum: Personal Investments
Topic: Inherited IRA [Portfolio help]
Replies: 16
Views: 1566

Re: Inherited IRA [Portfolio help]

No I just meant that if I were to take all the money out of the TIRA portion of the inherited account I would have to pay 25% of it in taxes.
So I was just agreeing with you that it would probably be best to only take minimum/small distributions to avoid higher brackets/tax brackets in general.
by Swymer
Tue Jun 03, 2014 11:26 am
Forum: Personal Investments
Topic: Inherited IRA [Portfolio help]
Replies: 16
Views: 1566

Re: Inherited IRA [Portfolio help]

I don't think it really matters when you take your RMD. Since it is based on the 12/31/previous_year value, the RMD won't change throughout the year. For me, I take it January so that I don't have to worry about it. But my RMD is pretty small. One can argue as you did that you would miss out on the...
by Swymer
Tue Jun 03, 2014 11:19 am
Forum: Personal Investments
Topic: Inherited IRA [Portfolio help]
Replies: 16
Views: 1566

Re: Inherited IRA [Portfolio help]

I have a non-spouse inherited beneficiary distribution account (BDA) with Fidelity as well. It is probably 1/100th in size to yours, but every little bit counts. One does not need to move this account to Vanguard at all. One can do a 3-fund portfolio of index funds at Fidelity very easily. See, e.g...
by Swymer
Tue Jun 03, 2014 11:01 am
Forum: Personal Investments
Topic: Inherited IRA [Portfolio help]
Replies: 16
Views: 1566

Re: Inherited IRA [Portfolio help]

Most people do not like RMDs because the want the money to remain in a tax deferred account and do not want to pay taxes on the RMDs. Therefore, unless your situation was truly unique, taking large distributions and destroying your ability to stretch the tax deferral over your life expectancy would...