Search found 1771 matches

by trueblueky
Fri May 22, 2020 10:35 pm
Forum: Personal Finance (Not Investing)
Topic: FERS Retirement vs. Resignation
Replies: 8
Views: 1004

Re: FERS Retirement vs. Resignation

The pension calculation is frozen in time with no adjustment for inflation between leaving government service and starting the pension.
by trueblueky
Fri May 22, 2020 12:01 pm
Forum: Personal Investments
Topic: Should We Our Shorten Bond Duration?
Replies: 43
Views: 2511

Re: Should We Our Shorten Bond Duration?

Well, Larry Swedroe suggests a rule of thumb that, to make increased bond duration worthwhile, yield should increase by 20 basis points per added duration year. For your example, the intermediate term bond yield exceeds that of the short term bonds by 51 points, while the duration increases by 5.5 ...
by trueblueky
Thu May 21, 2020 10:16 am
Forum: Personal Investments
Topic: Too many people using index funds?
Replies: 54
Views: 12717

Re: Too many people using index funds?

I don't think it takes very much trading to set a price. This is the real truth. Studies have suggested for years that most markets can operate efficiently with only a handful of participants, even as little as 3 (not specifically stock-picking, but in industries). When you think about it, there's ...
by trueblueky
Thu May 21, 2020 10:06 am
Forum: Personal Investments
Topic: Requesting advice: Ed Jones (taxable) to Vanguard for folks in mid-90s
Replies: 32
Views: 2178

Re: Requesting advice: Ed Jones (taxable) to Vanguard for folks in mid-90s

I think, make sure EJ does not buy or sell without your advance knowledge and approval. Be cautious about any change in EJ representative. The next one may be worse. As the municipal bonds mature, replace them with CDs or other fixed income. Muni are not appropriate in the 12% tax bracket. Several a...
by trueblueky
Thu May 21, 2020 8:54 am
Forum: Personal Investments
Topic: Please help streamlining this mess
Replies: 8
Views: 651

Re: Please help streamlining this mess

Taxable account: 2.9% (AAPL) Apple Inc 2.2% (PEP) Pepsico Inc 0.5% (RDSB) Royal Dutch Shell ADR B 0.1% (COF) Capital One Financial Corp 0.0% (CROX) Crocs Inc 0.6% (INTC) Intel Corp Com 0.2% (SLB) Schlumberger 0.0% (SIRI) Sirius XM 0.1% (TGT) Target 0.1% (WWW) Wolverine World Wide 1.4% (VTI) Vanguar...
by trueblueky
Mon May 18, 2020 3:15 pm
Forum: Personal Investments
Topic: Why no love for REITs?
Replies: 102
Views: 8705

Re: Why no love for REITs?

We often hear that an individual should avoid excessive investment in Megacorp where they work. The black swan that craters Megacorp stock may also put your job at risk. Spreading the risk is better. Similarly, if much of your net worth is in your home, investing in real estate concentrates risk. B...
by trueblueky
Mon May 18, 2020 10:06 am
Forum: Personal Investments
Topic: Why no love for REITs?
Replies: 102
Views: 8705

Re: Why no love for REITs?

We often hear that an individual should avoid excessive investment in Megacorp where they work. The black swan that craters Megacorp stock may also put your job at risk. Spreading the risk is better. Similarly, if much of your net worth is in your home, investing in real estate concentrates risk. Bo...
by trueblueky
Mon May 18, 2020 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Issue
Replies: 13
Views: 1101

Re: Social Security Issue

My DW's sister passed at age 69 of Covid-19 on April 29. SIL died without a will and she lived alone in a small apartment. Funeral home expenses were incurred and paid. Yesterday my DW was informed by her brother that SIL had a debt to SSA that was being paid off gradually by a reduction to the mon...
by trueblueky
Mon May 18, 2020 8:43 am
Forum: Personal Finance (Not Investing)
Topic: Discarding old tax returns
Replies: 62
Views: 5474

Re: Discarding old tax returns

after about 7 years I discard all backup and just keep tax forms and W2s. What about 1099s? (I am retired, no W2s) Brokerage statements, SS, IRS/state refund info? How about just saving the TruboTax digital file? Brokerage statements need to be saved until the statute of limitations expires on the ...
by trueblueky
Mon May 18, 2020 8:40 am
Forum: Personal Finance (Not Investing)
Topic: Oregon income tax on severance from Texas?
Replies: 6
Views: 556

Re: Oregon income tax on severance from Texas?

We are considering relocating from Texas (no income tax) to Oregon (9.9% income tax). I am currently employed and soon to retire (or be fired). Let's assume I am not employed on the first day I begin Oregon residence. I have two questions - 1) Severance. If I am involuntarily "retired" I will be of...
by trueblueky
Mon May 18, 2020 8:06 am
Forum: Personal Finance (Not Investing)
Topic: Oregon income tax on severance from Texas?
Replies: 6
Views: 556

Re: Oregon income tax on severance from Texas?

A quick look at Oregon tax forms https://www.oregon.gov/dor/forms/pages/default.aspx shows that the state taxes part-year residents as follows: Calculate Oregon income tax on all income. Multiply that by the percent of income from Oregon sources. So $50,000 income from Texas and $50,000 income from ...
by trueblueky
Mon May 18, 2020 7:48 am
Forum: Personal Finance (Not Investing)
Topic: Discarding old tax returns
Replies: 62
Views: 5474

Re: Discarding old tax returns

Was recently second-guessing myself for shredding the box containing tax returns and supporting documents from 2000... after I realized that it contained home repair documentation that would increase my home's cost basis if I should sell. But since I'm probably here for the duration, I'll let my he...
by trueblueky
Sun May 17, 2020 9:44 am
Forum: Personal Investments
Topic: Okay to reallocate to L2040 today?
Replies: 10
Views: 772

Re: Okay to reallocate to L2040 today?

You may want to look at your three-legged government stool as a whole periodically (not more than once a year). Based on what you know, this comes from SS, this from FERS, this from TSP. You can plug TSP into their annuity calculator to convert the balance into a revenue stream. (Not saying annuitiz...
by trueblueky
Sun May 17, 2020 9:32 am
Forum: Personal Investments
Topic: tax types or avoiding them on dividends
Replies: 7
Views: 552

Re: tax types or avoiding them on dividends

Dividends from REITs are not qualified. They show on the 1099-div Line 5 as Section 199a dividends. Often, a bit of the dividends from a total market fund will be section 199a. These are taxed as ordinary income, but receive the 20% qualified business income credit. Effectively, in most situations, ...
by trueblueky
Sun May 17, 2020 7:50 am
Forum: Personal Investments
Topic: tax types or avoiding them on dividends
Replies: 7
Views: 552

Re: tax types or avoiding them on dividends

I have an ignorant question. When a stock pays a dividend, I assume that is an ordinary dividend, usually? And I'll pay the highest tax rate on it? What generally makes a dividend qualified? I understand that is taxed like a capital gain? If I invest in a Vanguard fund or ETF, and it pays dividends...
by trueblueky
Sat May 16, 2020 11:23 am
Forum: Personal Investments
Topic: 10 years of excess Roth contributions
Replies: 12
Views: 1490

Re: 10 years of excess Roth contributions

I would probably try 2). The cost of the attorney is far less than the penalty, so it's worth trying, in my opinion.
by trueblueky
Thu May 14, 2020 7:08 am
Forum: Investing - Theory, News & General
Topic: Two Percent Inflation - US
Replies: 20
Views: 1911

Re: Two Percent Inflation - US

Maybe there's a confidence interval around 2%, so that it is more like stay at 2% +/- 1.5% with 95% confidence. If the interval is 1.5%, then setting the target at 1% would mean accepting deflation at times.

I don't think they are going to explicitly give us their bands.
by trueblueky
Mon May 11, 2020 8:01 am
Forum: Personal Investments
Topic: Is this a mess?
Replies: 12
Views: 2324

Re: Is this a mess?

I think early steps are: Consolidate the inherited IRAs into one account at a low-cost brokerage. Then move to your desired AA there. You will be taking RMDs for years, so having one account will simplify distributions. Consolidate the inherited taxable with your taxable at a low-cost brokerage. The...
by trueblueky
Sun May 10, 2020 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: No tax return after >10 weeks?
Replies: 46
Views: 3072

Re: No tax return after >10 weeks?

I don’t know why people would file via paper. https://www.irs.gov/newsroom/six-reasons-to-e-file I have always filed paper returns. It's outrageous that the IRS expects me to pay for software to do E-filing. A better question is why can't the IRS set up their own e-file system. It's almost like the...
by trueblueky
Sun May 10, 2020 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: No tax return after >10 weeks?
Replies: 46
Views: 3072

Re: No tax return after >10 weeks?

I don’t know why people would file via paper. https://www.irs.gov/newsroom/six-reasons-to-e-file Some returns must be mailed: * Amended returns * If your e-filed return is rejected (someone used your SSN, two people claimed the same child, an EIN is incorrect, other reasons) * If attaching a W-7, r...
by trueblueky
Sun May 10, 2020 8:58 am
Forum: Personal Investments
Topic: Why no love for REITs?
Replies: 102
Views: 8705

Re: Why no love for REITs?

https://www.bogleheads.org/wiki/Real_estate_investment_trust Pay particular attention to the section on the composition of distributions -- * non-qualified dividends (taxed as ordinary income) * capital gains from sale of underlying property (can be short-term or long-term) * return of capital (decr...
by trueblueky
Fri May 08, 2020 11:30 pm
Forum: Personal Investments
Topic: Inherited HSA
Replies: 0
Views: 178

Inherited HSA

I read this from oblivious investor: https://obliviousinvestor.com/inherited-hsa-rules/ and thought, "Wow! How clear. I wonder if our wiki covers that." I should not have wondered. The wiki treats HSA inheritance rules in depth. https://www.bogleheads.org/wiki/Health_savings_account I don't know if ...
by trueblueky
Thu May 07, 2020 3:19 pm
Forum: Personal Finance (Not Investing)
Topic: Best Way to Handle Unfiled Tax Returns?
Replies: 25
Views: 1597

Re: Best Way to Handle Unfiled Tax Returns?

I'm hoping to help a family member who is in a pickle as a result of not filing tax returns for 15-plus years (neither federal, state, nor local). After discussing the situation at length, it seems his situation boils down to the issues outlined below. Simply put, what advice do you have to get him...
by trueblueky
Mon May 04, 2020 12:33 pm
Forum: Personal Investments
Topic: Is it bad idea to have dividend stocks in Taxable Account?
Replies: 20
Views: 2386

Re: Is it bad idea to have dividend stocks in Taxable Account?

A dividend or capital gain distribution within a traditional IRA is taxed as ordinary income when it is eventually distributed. However, it doesn't cost you anything, so there is no reason to avoid such distributions in an IRA. IRA withdrawals are taxed at their dollar value, regardless of what hap...
by trueblueky
Mon May 04, 2020 7:59 am
Forum: Personal Investments
Topic: Is it bad idea to have dividend stocks in Taxable Account?
Replies: 20
Views: 2386

Re: Is it bad idea to have dividend stocks in Taxable Account?

If your income is low enough, you pay no federal income tax on capital gains and qualified dividends. The limit is $80,000 taxable income MFJ, so $104,800 adjusted gross income in 2020 assuming standard deduction and both are under 65 years old (otherwise, higher). If that's you, then placing the di...
by trueblueky
Sat May 02, 2020 2:13 pm
Forum: Personal Investments
Topic: Question on how RMDs affect a spending plan in retirement.
Replies: 16
Views: 1192

Re: Question on how RMDs affect a spending plan in retirement.

To simplify, you might try monthly instead of every two weeks. This matches the receipt of pension and Social Security.

I was a fed and was accustomed to payday every two weeks. We managed the transition to monthly fairly smoothly. Many bills come monthly; none of mine come every two weeks.
by trueblueky
Thu Apr 30, 2020 10:53 am
Forum: Personal Investments
Topic: Confused on where to start 15% for retirement
Replies: 17
Views: 1368

Re: Confused on where to start 15% for retirement

Add term life insurance at several multiples of your annual income and disability insurance if that is not provided by work.
by trueblueky
Thu Apr 30, 2020 10:13 am
Forum: Personal Investments
Topic: Confused
Replies: 59
Views: 6009

Re: Confused

^ This. If you were from NY or California, for instance, and in a tax position where a municipal bond fund made sense, then 1/2 in a national fund and 1/2 in a state fund might make sense. The advantage of the state-specific fund from your state is that it avoids state income tax as well. The disadv...
by trueblueky
Wed Apr 29, 2020 11:03 am
Forum: Personal Investments
Topic: Confused
Replies: 59
Views: 6009

Re: Confused

In the 12% Federal bracket municipal bonds wouldn't make much sense. These are typically beneficial for people in 24% or above Federal bracket. Regards, And the dawn breaks slowly over my head. Thanks, retired@50. Subsequent to my posting our financial picture according to the template, we realized...
by trueblueky
Wed Apr 29, 2020 8:22 am
Forum: Personal Investments
Topic: Confused
Replies: 59
Views: 6009

Re: Confused

Point taken, FiveK. I shall not lose track of those links. I wasn't fully prepared for your generous response to my posting, and that of others in the community...at times it felt like standing in front of a fire hose. So now, to mix my metaphors, I'm just trying to corral all the comments; making ...
by trueblueky
Mon Apr 27, 2020 8:18 pm
Forum: Investing - Theory, News & General
Topic: Estimating Future Returns
Replies: 28
Views: 1332

Re: Estimating Future Returns

I estimate future returns will regress (progress?) to the inflation-adjusted mean in the long run.

What is the applicable mean?
What is the long run?
Sorry, only one answer per customer. 8-)
by trueblueky
Sun Apr 26, 2020 6:11 pm
Forum: Personal Investments
Topic: Intermediate term tax exempt bond fund
Replies: 27
Views: 2307

Re: Intermediate term tax exempt bond fund

I think this is a tough question to answer as there is no recent case law of states going BK, only counties and I believe cities. With the corporate BK of GM years ago bond holders were compromised which was previously not done. It is my understanding that one of the reasons some funds are higher r...
by trueblueky
Wed Apr 22, 2020 10:38 pm
Forum: Personal Finance (Not Investing)
Topic: DD filed not dependent
Replies: 44
Views: 2604

Re: DD filed not dependent

I finished up our taxes and filed them over last weekend via Turbotax, then got an email that both the state and federal returns were rejected because I had claimed a dependent that had already filed as a non-dependent. That would be my daughter, who got her taxes out of the way a month or so ago, ...
by trueblueky
Wed Apr 22, 2020 10:27 pm
Forum: Personal Finance (Not Investing)
Topic: [Fidelity - Responsibility to track down beneficiaries on death]
Replies: 71
Views: 4206

Re: Surprised that there is no esponsibility to track down beneficiaries on death

One of DM's older siblings died of dementia in the late 1990s. A couple of years ago, a company working for an insurance company reached out to me via a letter. Sib would have turned 100 that year. I checked out the company before replying because they asked for personal info on me. (Obviously, SS m...
by trueblueky
Mon Apr 20, 2020 10:40 pm
Forum: Investing - Theory, News & General
Topic: Deflation is everywhere. Get used to it.
Replies: 151
Views: 14876

Re: Deflation is everywhere. Get used to it.

Can someone please tell me when I can expect my property taxes, homeowners insurance, health insurance, healthcare bills, car insurance, and college bills to deflate? I have seen significant inflation over the last 12 months, ranging from 5% to 30% depending on item. And I shop around! Deflation is...
by trueblueky
Mon Apr 20, 2020 5:22 pm
Forum: Personal Investments
Topic: Confused
Replies: 59
Views: 6009

Re: Confused

If your username is your real name, I strongly suggest you contact one of the moderators and ask them to change it to something else before you post a lot of personal financial information. [added] OK, a Google search reveals it's likely a madeup name based on a literary reference. 8-) But just in ...
by trueblueky
Mon Apr 20, 2020 5:20 pm
Forum: Investing - Theory, News & General
Topic: Deflation is everywhere. Get used to it.
Replies: 151
Views: 14876

Re: Deflation is everywhere. Get used to it.

Can someone please tell me when I can expect my property taxes, homeowners insurance, health insurance, healthcare bills, car insurance, and college bills to deflate? I have seen significant inflation over the last 12 months, ranging from 5% to 30% depending on item. And I shop around! Deflation is...
by trueblueky
Mon Apr 20, 2020 2:23 pm
Forum: Investing - Theory, News & General
Topic: Deflation is everywhere. Get used to it.
Replies: 151
Views: 14876

Re: Deflation is everywhere. Get used to it.

Costco used to have sales on items I buy and they just sent out a letter that the latest sales are online. I checked and virtually none of the items are products people would want right now. Everyone is buying groceries, so those costs are going up. Yeah, I noticed there were no food items in the n...
by trueblueky
Mon Apr 20, 2020 1:59 pm
Forum: Personal Investments
Topic: Confused
Replies: 59
Views: 6009

Re: Confused

Thank you, I’m grateful for being permitted to join. Best wishes to you all for your health and safety. What I’m seeking help with is what to do with our investments from the standpoints of: 1. Appropriate investments for our goals; 2: Manageability of too numerous accounts. I’m ashamed to admit wh...
by trueblueky
Mon Apr 20, 2020 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: Possible Furlough
Replies: 11
Views: 1124

Re: Possible Furlough

You say it's optional. What happens if she declines? Based on experience elsewhere, my guess is the hospital needs to furlough X nurses and really doesn't care which X people volunteer. If they receive too many volunteers, they will use seniority or who volunteered first or some other basis to deci...
by trueblueky
Sat Apr 18, 2020 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: Pension vs. simply investing? Is pension even worth it at all?
Replies: 58
Views: 3620

Re: Pension vs. simply investing? Is pension even worth it at all?

Because of inflation and promotions, you buy the first years cheap. My starting salary was four figures and the first digit wasn't 9. It only matters what my high-3 averaged, not my first-3.
by trueblueky
Sat Apr 18, 2020 11:39 am
Forum: Personal Finance (Not Investing)
Topic: Defining “living expenses” for emergency fund purposes
Replies: 24
Views: 1083

Re: Defining “living expenses” for emergency fund purposes

If you lost your job, would you be able to find one in your current location? Or would you need to relocate? What would that cost? I think that one-time cost is in addition to X months of living expenses.
by trueblueky
Wed Apr 15, 2020 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Advice - Anesthesiologist threatening collections
Replies: 59
Views: 5926

Re: Advice - Anesthesiologist threatening collections

Thanks for your insight Doc! I knew my GI Doc is an In-Network of my insurance. But I had no idea who he would contract to do the anesthesia part of the procedure when I scheduled for a colonoscopy. In theory the GI Doc could pick whoever he likes, in or out of network (of anyone's insurance). I ha...
by trueblueky
Mon Apr 13, 2020 8:33 pm
Forum: Personal Investments
Topic: Asset Location - Where to place Bonds?
Replies: 11
Views: 878

Re: Asset Location - Where to place Bonds?

Hello Bogleheads, My wife (60 years old) and I (58 years old) are recently retired and we plan to use our portfolio to generate income to use for our living expenses. Our income until we reach 70 years old will be approximately $90,000 ($24,000 Stock dividends and $66,000 Bond dividends). I have an...
by trueblueky
Mon Apr 13, 2020 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Helping in-law - hasn't filed taxes since 2010
Replies: 54
Views: 3864

Re: Helping in-law - hasn't filed taxes since 2010

People have covered the filing. Why didn't she file? Are there underlying issues? I wouldn't ignore those. This is reckless behavior. This type of return can be filed online for free (I know that probably didn't exist 10 years ago) in less than 10 minutes per year! I'm not a psychologist but I've r...
by trueblueky
Sat Apr 11, 2020 8:31 pm
Forum: Personal Finance (Not Investing)
Topic: Estate/Tax advice. 1040, 1041, 709, 706, oh my?
Replies: 16
Views: 795

Re: Estate/Tax advice. 1040, 1041, 709, 706, oh my?

Sorry for your loss. File 1040 for your mother now on her 2019 income. File another 1040 next year on her 2020 income. She may be below the filing threshold in the year of death, but also may have had tax withholding. Form 1310, if needed, goes with the 1040. File 1041 each "year" on income that the...
by trueblueky
Sat Apr 11, 2020 6:16 pm
Forum: Personal Finance (Not Investing)
Topic: Helping in-law - hasn't filed taxes since 2010
Replies: 54
Views: 3864

Re: Helping in-law - hasn't filed taxes since 2010

A newly released convict came into the name-brand storefront tax office where I worked. He had an IRS letter with transcripts for the past seven years. Two of us worked on the returns, oldest first. He had a mix of overpayments and underpayments. Bad news: he owed taxes on all the underpayments, but...
by trueblueky
Thu Apr 09, 2020 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: COVID-19 Stimulus Payment Issue
Replies: 86
Views: 7809

Re: COVID-19 Stimulus Payment Issue

https://www.finance.senate.gov/chairmans-news/cares-act-recovery-checks-faq Thanks for posting. First real source I’ve seen. Doesn’t answer everything but at least it is from the senate. The $146,500 cap for head of household should be $148,500. The cap given for a family of four seems to indicate ...