Search found 85 matches

by jeffarvon
Sun Jan 24, 2021 11:06 am
Forum: Personal Investments
Topic: Question about cost basis step-up on death of spouse
Replies: 24
Views: 1698

Re: Question about cost basis step-up on death of spouse

Alan S. » Sat Jan 23, 2021 12:51 pm For old timers, do not forget the Gallenstein decision if there are sufficient assets that qualify. Most likely, those assets would be real estate, or maybe even securities for extreme buy and holders. [...] Am I reading correctly... a cautionary tale to keep one...
by jeffarvon
Sun Jan 24, 2021 11:02 am
Forum: Personal Investments
Topic: Question about cost basis step-up on death of spouse
Replies: 24
Views: 1698

Re: Question about cost basis step-up on death of spouse

by qwertyjazz » Sat Jan 23, 2021 10:09 am So if you have spouses with a significant age difference, does a taxable account make more sense than a tax deferred account? Or a Roth? At what point does the step up basis dominate over lifetime tax advantage? I see what you did there, expanding considera...
by jeffarvon
Sat Jan 23, 2021 9:57 am
Forum: Personal Investments
Topic: Question about cost basis step-up on death of spouse
Replies: 24
Views: 1698

Re: Question about cost basis step-up on death of spouse

by DinkinFlicka » Thu Jan 21, 2021 9:47 am If you convert an individual account to a joint account (in a non-community state), will half the shares acquired when purchased individually step up on the death of one account holder? I'm looking at the reverse - dividing Vanguard joint account assets to...
by jeffarvon
Sat Oct 24, 2020 8:45 am
Forum: Personal Finance (Not Investing)
Topic: Choosing a career
Replies: 112
Views: 6854

Re: Choosing a career

Wonderful conversation. I appreciate the thoughtfulness. Keep it coming. Career exploration is a hot topic in the high school program I work in. Collectively, our students would be considered at-risk of completing HS because they didn't thrive in a traditional education format due to indifference, t...
by jeffarvon
Sun Jul 26, 2020 10:08 am
Forum: Personal Finance (Not Investing)
Topic: Becoming teacher after reaching FIRE? Advice needed!
Replies: 86
Views: 7391

Re: Becoming teacher after reaching FIRE? Advice needed!

In my early 50’s DW & I were sufficiently FI that I started down the path to become a secondary math teacher. In total a 5-year journey (by choice). I worked in software engineering at a mega-corp that allowed me flexibility to start regularly volunteering in a community HS school. I also took 1...
by jeffarvon
Sun Jan 19, 2020 8:40 am
Forum: Personal Finance (Not Investing)
Topic: Life advice for recent graduate
Replies: 67
Views: 5321

Re: Life advice for recent graduate

Do what you say you're going to do.

At times, a hard standard to live by. But doing so can tweak your behavior and you'll always be viewed positively and trustworthy by your work colleagues and all your relationships.
by jeffarvon
Sun Aug 25, 2019 8:54 am
Forum: Personal Investments
Topic: Suggestions From TIAA and Checkup
Replies: 39
Views: 3277

Re: Suggestions From TIAA and Checkup

One subpoint discussed above by several posters & OP was rolling over some accounts to an IRA and leaving back some monies so as to invest in TIAA Trad and TREA (real estate). Just offering a concrete example. This is exactly was my wife did a couple of years ago. For the purpose (a follow on su...
by jeffarvon
Tue May 28, 2019 7:29 am
Forum: Personal Finance (Not Investing)
Topic: Need to go back to school, but afraid to stop working?
Replies: 8
Views: 943

Re: Need to go back to school, but afraid to stop working?

In support of the above regarding getting your degree part time, a teacher colleague of mine is working on her MBA.

Teacher pay increases with education credits/degrees, so it's wildly expected teachers work on advanced degrees. Our district helps pay for it.
by jeffarvon
Tue May 28, 2019 6:49 am
Forum: Personal Finance (Not Investing)
Topic: Teaching jobs
Replies: 79
Views: 5373

Re: Teaching jobs

Disclaimer: my experience and observations. You mention applying for jobs. There can be hundreds of applications for one job arriving at HR. One primary path to a job is to get through the HR filter and get invited for a building interview (usually 6-8ish candidates). Does your wife have a good rela...
by jeffarvon
Sun Feb 24, 2019 4:43 pm
Forum: Personal Consumer Issues
Topic: Has anyone had trouble getting an online credit report?
Replies: 10
Views: 657

Re: Has anyone had trouble getting an online credit report?

Did you also try getting just a credit score, say from Discover card (they say you don't have to be a card member)?

While not a report, besides your credit score, it will show a "number of sources" (or some such wording) that represents the inputs to the score.

Cheers,
by jeffarvon
Sun Feb 17, 2019 8:37 am
Forum: Personal Finance (Not Investing)
Topic: Losing a job in your 50's...
Replies: 674
Views: 102596

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

My story connects within several of the prior responses. Long employed at a megacorp telecommunications company with very few technical folks in their mid-50's or older. I have strong fingernails from hanging on thru frequent layoffs. During my last few years there, I went back to school and got a t...
by jeffarvon
Fri Jul 13, 2018 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: Retired, age 60 - Tax Plan. Please suggest improvements.
Replies: 30
Views: 3656

Re: Retired, age 60 - Tax Plan. Please suggest improvements.

MrBeaver You are correct in that some conversions are better in the long term. Sometimes, however, it takes many years. The retirement calculator that uses excel, Retiree Portfolio Model, has a output table that shows the break even point for Roth conversions in given scenarios. For me it is one of...
by jeffarvon
Sat Feb 03, 2018 1:19 pm
Forum: Personal Consumer Issues
Topic: Relearning Calculus
Replies: 81
Views: 9658

Re: Relearning Calculus

Specifically, at Coursera, I took and got a lot out of the Calculus 1 class developed by a couple of professors from Ohio State.

I see the nex class starting Feb 19 https://www.coursera.org/learn/calculus1
by jeffarvon
Sat Jan 20, 2018 1:00 pm
Forum: Personal Consumer Issues
Topic: Anyone disenchanted with retirement?
Replies: 326
Views: 51434

Re: Anyone disenchanted with retirement?

visualguy: I was considering early retirement at 50, but wasn't sure, so I took a 1-year "sabbatical" to see how it goes. I went back to work after that. I found that I was becoming too lazy, and wasn't really doing more interesting or fun activities with my time than when I was working. ...
by jeffarvon
Sat Oct 07, 2017 6:43 am
Forum: Personal Investments
Topic: Need for inflation protection w/SS and/or inflation-adjusted pensions?
Replies: 9
Views: 1117

Re: Need for inflation protection w/SS and/or inflation-adjusted pensions?

Just a comment about the "given" of a COLA pension. Teacher pensions in Ohio have frozen any COLA adjustments, seemingly for at least 5 years when the decision will be revisited. I believe similar things are happening in other states. See also https://www.teacherpensions.org/resource/cola-...
by jeffarvon
Tue Apr 11, 2017 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: Best place to setup a will
Replies: 42
Views: 6181

Re: Best place to setup a will

Bengal22 wrote The only thing that will have to go through probate is the house and vehicles. I notice your residence as Ohio. You can accomplish TOD designations on homes and vehicles. No probate. I had done both for a few relatives with little effort. Home deed with a TRANSFER ON DEATH DESIGNATION...
by jeffarvon
Tue Dec 20, 2016 6:42 am
Forum: Personal Consumer Issues
Topic: Hard Endeavor/Exercise in Middle Age
Replies: 118
Views: 11002

Re: Hard Endeavor/Exercise in Middle Age

I'll add in a vote for road cycling which has become my go to now in my late 50's. I spent many decades both running and lifting. If you are trying to hold onto muscle mass, running is against you. Biking not as much. If you're after hard then biking allows you turn yourself inside out up to a few t...
by jeffarvon
Tue Dec 29, 2015 10:24 am
Forum: Personal Consumer Issues
Topic: weather alerts
Replies: 11
Views: 1519

Re: weather alerts

FEMA sends alerts, including severe weather, to wireless carriers that then broadcast to cell towers in the affected areas.
Some explanation here http://www.fema.gov/frequently-asked-qu ... ncy-alerts
by jeffarvon
Sun Jul 12, 2015 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: WSJ: "Hassle of Inheriting a Brokerage Account"
Replies: 19
Views: 5331

Re: WSJ: "Hassle of Inheriting a Brokerage Account"

My personal experiences:

I had particular troubles working with BNY Mellon regarding my deceased FIL holdings 6 years ago. Still enough bad feelings on my part to comment here. Boo.

I've had quite straightforward dealings with Merrill Lynch and ComputerShare.
by jeffarvon
Wed Mar 18, 2015 4:48 pm
Forum: Personal Consumer Issues
Topic: Children's Swingset
Replies: 43
Views: 12822

Re: Children's Swingset

My observation has been if the swing isn't high enough then it will quickly fall into disuse.

I had some DIY plans from a family friend with a 10 ft high swing. Many kids in our neighborhood continue(d) to use into high school.

Enjoy,
by jeffarvon
Fri Feb 20, 2015 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: End of Life for a Friend of Mine....a couple weeks ago....
Replies: 41
Views: 6290

Re: End of Life for a Friend of Mine....a couple weeks ago..

Wow. Sigh. I read this and then went further reading at least the subject lines of some of the next posts. All are in some other relevance category than this one; and are at the moment not catching my interest. I had to come back here. Sorry about your friend and thank you for sharing. Logging off n...
by jeffarvon
Fri Feb 13, 2015 7:02 am
Forum: Non-US Investing
Topic: EXPAT investing
Replies: 7
Views: 1505

Re: EXPAT investing

My understanding is that in the case you are working in the US (eg., maybe a business trip of sorts) then you can invest monies earned on those US-based work days.
by jeffarvon
Thu Feb 12, 2015 5:26 pm
Forum: Investing - Theory, News & General
Topic: Is "Financial Independence" the new "Retirement?"
Replies: 52
Views: 10063

Re: Is "Financial Independence" the new "Retirement?"

MathWizard wrote.. Yes, it is incredibly hard to do. If you look at appendix A1 in the 2011 column of http://www.census.gov/people/wealth/files/Wealth%20distribution%202000%20to%202011.pdf and look at what is normally assumed as the beginning of retirement, you see that for 2011, only the median of...
by jeffarvon
Thu Jan 15, 2015 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: Master degree in Math
Replies: 50
Views: 6912

Re: Master degree in Math

Combining some comments above: asterix0 ..Take at least one proof based course before entering a graduate program in math. and Herekittykitty .. well the best solution to that is to go into it well prepared I would suggest this free Coursera MOOC Introduction to Mathematical Thinking . It's a soft i...
by jeffarvon
Sat Jul 26, 2014 6:32 am
Forum: Personal Consumer Issues
Topic: Public Speaking-help
Replies: 79
Views: 8902

Re: Public Speaking-help

I benefited by taking a MOOC on public speaking. Here's the one I took: https://www.coursera.org/course/publicspeak

You can go through the archived course on your schedule and find the things that resonate with you.

Good Luck!
by jeffarvon
Wed Jun 04, 2014 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: Where do all of you buy your term life insurance?
Replies: 12
Views: 1905

Re: Where do all of you buy your term life insurance?

I use my IEEE membership and have my group term life through them.

Who better than a bunch of engineers to have a group life insurance policy thru?
by jeffarvon
Sun Oct 13, 2013 8:31 am
Forum: Personal Finance (Not Investing)
Topic: Lump Sum pension: risk to continuing work after eligible?
Replies: 28
Views: 4075

Re: Lump Sum pension: risk to continuing work after eligible

Surfinagin wrote: I've heard estimates that the upcoming Sept rates will lower my lump sum by the wide range of 25 to 80K. My data point is that last week my company communicated that the change in next year's lump sum calculation will lower the total payout by 10%. I checked annuity quotes and usi...
by jeffarvon
Wed Dec 19, 2012 11:40 am
Forum: Personal Consumer Issues
Topic: Can't think of x-mas gift to give wife...
Replies: 44
Views: 4876

Re: Can't think of x-mas gift to give wife...

Flowers.

They express some thoughtfulness, match the definition of gift (as in usually not purchased for self), my wife always enjoys, and are 'consumable' in that they don't add to the home clutter.
by jeffarvon
Thu Sep 13, 2012 7:24 pm
Forum: Investing - Theory, News & General
Topic: Immediate Annuities Aren’t for Everyone
Replies: 66
Views: 8572

Re: Immediate Annuities Aren’t for Everyone

Does the same argument in the article apply when weighing the option of a monthly pension or accepting a lump sum?
by jeffarvon
Fri Dec 30, 2011 3:15 pm
Forum: Personal Investments
Topic: Vangaurd RMD Question
Replies: 14
Views: 1360

Re: Vangaurd RMD Question

I was rightly corrected, RMD amounts cannot be moved into a Roth. I am assisting my mother-in-law in converting her traditional IRA into a Roth; which is being done over a number of years to take advantage of her lower tax rates. So for us, as these activities are related (happen yearly) and rather ...
by jeffarvon
Fri Dec 30, 2011 9:20 am
Forum: Personal Investments
Topic: Vangaurd RMD Question
Replies: 14
Views: 1360

Re: Vangaurd RMD Question

You mention re-investing the RMD into a taxable account. Any reason you aren't considering converting these monies into a Roth IRA?
by jeffarvon
Thu Sep 15, 2011 9:17 am
Forum: Personal Consumer Issues
Topic: 2011 College Ranking by U.S. News
Replies: 58
Views: 6556

Sorry if this is redundant, I only did a quick search through the thread but timeliness was important.

Google is offering a free one year access to the rankings (but you must sign up prior to 9/16)

Look here: Google register for usnews
by jeffarvon
Sat Jul 02, 2011 8:12 am
Forum: Non-US Investing
Topic: Investment options for an expat – taxes
Replies: 15
Views: 3049

If you use the FEIE, then I as I read the following, you are not eligible to contribute to tax-deferred accounts. Contributions to Individual Retirement Arrangements Contributions to your individual retirement arrangements (IRAs) that are traditional IRAs or Roth IRAs are generally limited to the le...
by jeffarvon
Wed Jun 01, 2011 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: What do you consider to be "on-track"?
Replies: 39
Views: 4604

You may have gotten the type of reply you were after from the Money Mag reference above.

A prior B-head thread How much should a young man, or woman save for retirement?
by jeffarvon
Fri May 13, 2011 7:22 pm
Forum: Personal Consumer Issues
Topic: Used or refurbished ipods?
Replies: 4
Views: 1129

Yes. I use this combination.
by jeffarvon
Wed Apr 13, 2011 6:02 am
Forum: Personal Investments
Topic: Roth IRA question
Replies: 2
Views: 895

You describe using after tax money for the traditional IRA, so you don't end up paying tax on that part, details in the above information from sscritic about reporting that basis. You do end up paying tax on any earning those contributions made. Complications creep in if you currently own any deduct...
by jeffarvon
Fri Apr 01, 2011 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: Where do Bogleheads get Term Life? Sheesh...
Replies: 93
Views: 14116

IEEE Group insurance. Who else would you chose to be in your group but a bunch of engineers to keep premiums low.
by jeffarvon
Thu Mar 31, 2011 12:58 pm
Forum: Personal Investments
Topic: Help with plan for inherited $$
Replies: 47
Views: 5729

A question. Does an inherited IRA follow the same RMD as any IRA? When I looked up the .gov reference http://www.irs.gov/pub/irs-tege/uniform_rmd_wksht.pdf I wouldn't describe RMD's as done a couple of time above; eg., In other words, if your life expectancy is 25 years, 1/25th of the money will nee...
by jeffarvon
Tue Mar 29, 2011 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: Estate Planning: Anyone uses Living Trust?
Replies: 8
Views: 2690

I've read that using Wills alone is problematic due to probate fees I've observed that there are many rational situations where probate can be completely avoided using the existing mechanisms (TOD/POD) of passing assets to beneficiaries of retirement accounts, taxable accounts, bank accounts, CDs, ...
by jeffarvon
Mon Mar 28, 2011 6:55 pm
Forum: Personal Consumer Issues
Topic: recommend non-fiction book (see post for details)
Replies: 20
Views: 2731

I would suggest "A Short History of Nearly Everything" by Bill Bryson

http://www.amazon.com/Short-History-Nea ... 0767908171
by jeffarvon
Fri Dec 17, 2010 5:37 pm
Forum: Personal Investments
Topic: No Brainer Conversion to ROTH IRA????
Replies: 17
Views: 3253

You are thinking correctly.

The Bogleheads wiki makes a supportive comment about converting when you have some/significant basis (after-tax non-deductible) monies in the tIRA.
by jeffarvon
Thu Dec 16, 2010 5:03 pm
Forum: Personal Investments
Topic: Disinehrited by Vanguard?
Replies: 3
Views: 1841

I spoke with Vanguard within the last 3-4 months and this was the policy as explained to me. I also would prefer more flexibility (eg., separate ROTH IRA investments with differing beneficiaries). Specifically, the interest is because of the wide range in age (4-25) of the beneficiaries. EDIT: I've ...
by jeffarvon
Tue Dec 07, 2010 5:07 pm
Forum: Personal Finance (Not Investing)
Topic: Where is the best place to shop for term life insurance?
Replies: 6
Views: 2668

It's been some time since I seriously looked at this (in fact, I'm nearing the year to stop my term life). I can't think of another, better group to be in a group life insurance policy with for low premiums than a bunch of engineers so I got mine thru the IEEE. I was already a member (and I don't ex...
by jeffarvon
Tue Nov 02, 2010 7:02 pm
Forum: Personal Finance (Not Investing)
Topic: Irrevocable trust a good idea for 87 yr.old?
Replies: 13
Views: 3740

I thought someone might have responded by now more accurately than I will. Your comment: My sketchy understanding of the way nursing home finances work is that we spend down Dad's assets until we get to around $100k remaining, (not sure of the exact number), then can apply for Medicaid This dollar a...
by jeffarvon
Sun Oct 17, 2010 9:25 am
Forum: Investing - Theory, News & General
Topic: T Rowe Price or Vanguard?
Replies: 36
Views: 25329

You didn't mention if your TRP accounts are taxable accounts or retirement accounts (eg., IRA). If taxable, pay attention if they have significant capital gains and determine if that factors into moving (or when to move) the monies.
by jeffarvon
Sat Sep 04, 2010 10:40 am
Forum: Personal Finance (Not Investing)
Topic: paying off stafford loans
Replies: 28
Views: 3695

I'm replying in part because the details were so similar to mine: daughter, grad school, 24.5K, now employed, starting payments. No strong advise or wonderful points to offer, just how we are navigating our way through. I want her to take ownership/responsibility (after all it was her loan) but also...
by jeffarvon
Tue Aug 17, 2010 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: Power of Attorney vs Living Trust, which is right?
Replies: 48
Views: 8676

A part of afan's post ..That means any creditors of the estate have a claim on these assets. Any federal or state estate taxes also will be due, whether the assets are in a RLT or not. The trustee cannot give away these assets until the creditors and governments get their money... In the case where ...
by jeffarvon
Thu Aug 05, 2010 7:17 am
Forum: Personal Finance (Not Investing)
Topic: Power of Attorney vs Living Trust, which is right?
Replies: 48
Views: 8676

bluemarlin08 wrote: Major reasons folks do Living Trusts: 1. Avoidance of probate 2. Assets pass immediately to heirs 3. Privacy cdwood responded: This is spot on. My parents put everything in a revocable living trust back in 1982. By the time of Mom's passing (2002), the estate had grown to the se...
by jeffarvon
Wed Jul 28, 2010 8:33 pm
Forum: Personal Consumer Issues
Topic: Best SAT preparation/practice books?
Replies: 39
Views: 7914

jeffarvon wrote: Ok, I do just shake my head at the poor math skill exhibited out there. I've even taken to tutoring at my local high school. cjackson0 wrote: Was that difficult to do? I have a background in computer science and have thought about tutoring or teaching in my spare time or in retirem...
by jeffarvon
Wed Jul 28, 2010 6:32 pm
Forum: Personal Consumer Issues
Topic: Best SAT preparation/practice books?
Replies: 39
Views: 7914

A "2 minute a day" approach is the free service College Board offers, Official SAT Question of the Day . I get a daily SAT question (about 4:1 English to math ratio) sent to my email account. It's a nice user interface, gives explanations of the answers, and the one thing that might hook y...