Search found 207 matches

by ThisTimeItsDifferent
Fri Sep 21, 2018 11:06 am
Forum: Personal Finance (Not Investing)
Topic: Estate Planning Attorney Says Putting tIRA in a Revocable Trust is "Complicated" - True?
Replies: 11
Views: 363

Re: Estate Planning Attorney Says Putting tIRA in a Revocable Trust is "Complicated" - True?

I met with an estate planning attorney this week, and mentioned that a significant portion of my assets are in trad and Roth IRAs, and that I'd want them to be included in a revocable trust. She seemed a bit taken aback by this - she said this is "complicated". Is that right? Has anyone here experi...
by ThisTimeItsDifferent
Sun Aug 19, 2018 10:27 pm
Forum: Personal Finance (Not Investing)
Topic: Leave an IRA through a Trust?
Replies: 22
Views: 3944

Re: Leave an IRA through a Trust?

Our attorney mentioned this. He indicated they were rather complex and expensive to set up, ..... They're not expensive to set up. You just need some extra provisions in your Will saying that any IRA benefits payable in trust for a beneficiary are held in a separate trust, having the same terms as ...
by ThisTimeItsDifferent
Sun Aug 19, 2018 10:20 pm
Forum: Personal Finance (Not Investing)
Topic: Trust as Beneficiary OF ROTH and Traditional IRA
Replies: 18
Views: 1502

Re: Trust as Beneficiary OF ROTH and Traditional IRA

It would be easier to name a trust for child A as the beneficiary of 50% and a trust for child B as the beneficiary of 50%. Alternatively, you could name a trust for child A as the beneficiary of the traditional and a trust for child B as the beneficiary of the Roth (with appropriate adjustments ei...
by ThisTimeItsDifferent
Fri Aug 17, 2018 7:28 am
Forum: Investing - Theory, News & General
Topic: Vanguard Switch to Brokerage Accounts
Replies: 60
Views: 5825

Re: Vanguard Switch to Brokerage Accounts

Something I really want is the abilities to have direct deposit directly into a Vanguard mutual fund. My pay is not constant, so my plan is divert 10% into the house fund. My employer will allow this. Vanguard told me I could do this with a brokerage account. Not true. You can only direct deposit i...
by ThisTimeItsDifferent
Fri Jul 20, 2018 12:51 pm
Forum: Personal Consumer Issues
Topic: Best way to setup/configure Echo Spots for the kids
Replies: 2
Views: 161

Re: Best way to setup/configure Echo Spots for the kids

It would be nice if Amazon Echo free time allowed one to white list external contacts.
by ThisTimeItsDifferent
Tue Jun 19, 2018 8:18 am
Forum: Investing - Theory, News & General
Topic: I-bonds look pretty bad right now
Replies: 92
Views: 11187

Re: I-bonds look pretty bad right now

If CD interest rates were that high because inflation was almost that high, then one was worse off because taxes are on the nominal, not real, gain. I'd rather have inflation of 0% and nominal interest rate rates of 1%, than inflation of 13% and interest returns of 15%. After taxes, even at just a 1...
by ThisTimeItsDifferent
Fri Jun 01, 2018 10:29 am
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvesting. Most similar fund to VTI
Replies: 15
Views: 1088

Re: Tax loss harvesting. Most similar fund to VTI

The criterion for a wash sale is "substantially identical" not "substantially similar."

https://www.sec.gov/answers/wash.htm
by ThisTimeItsDifferent
Thu May 31, 2018 10:45 am
Forum: Personal Finance (Not Investing)
Topic: "Reversing" 401k to get match at new job?
Replies: 20
Views: 1645

Re: "Reversing" 401k to get match at new job?

Regulation is one thing but In practice, IRS expects the excess contribution to be returned. https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-what-happens-when-an-employee-has-elective-deferrals-in-excess-of-the-limits It might help if the link you provided actually ...
by ThisTimeItsDifferent
Sat Apr 07, 2018 9:36 am
Forum: Personal Finance (Not Investing)
Topic: yet another bonds in 401k thread...
Replies: 2
Views: 374

Re: yet another bonds in 401k thread...

I eventually created a spreadsheet to compare Roth vs. taxable for bonds vs. stocks, with taxable being tax deferred, like long term capital gains, vs. annually taxed like bond dividends. My input parameters were annual returns for stiocks and bonds, bond (income) and stock ltcg tax rates, and numbe...
by ThisTimeItsDifferent
Fri Apr 06, 2018 10:20 pm
Forum: Personal Finance (Not Investing)
Topic: Car was totaled, next steps?
Replies: 18
Views: 1082

Re: Car was totaled, next steps?

You have "Nobel" Prize in Economics honorees on your side. Unfortunately, the "market for lemons" means that the cars for sale are worse than the cars that continue to be owned (or would have been continued to be owned if not totaled in an accident). Therefore, even the average price or FMV for a us...
by ThisTimeItsDifferent
Fri Feb 23, 2018 11:36 am
Forum: Investing - Help with Personal Investments
Topic: Financial proposal from Adviser
Replies: 37
Views: 3849

Re: Financial proposal from Adviser

He's not an advisor. He's a salesperson. There's nothing wrong with salespeople, but don't think he's an advisor. The guy at the car dealer is a salesperson too. There's nothing wrong with that but I wouldn't think him acting in your best interest either.
by ThisTimeItsDifferent
Fri Feb 23, 2018 11:12 am
Forum: Investing - Help with Personal Investments
Topic: Financial proposal from Adviser
Replies: 37
Views: 3849

Re: Financial proposal from Adviser

They just want to get commissions/loads/fees i.e. money from you. I'm sure that is a projected return not guaranteed. Will that advisor or office still be in business in 20 years? Mathematically, that is a 7.2% average annual gain. Certainly you should do better by avoiding their fees. A 4x gain aft...
by ThisTimeItsDifferent
Tue Feb 06, 2018 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Taxes on lawsuit settlement
Replies: 5
Views: 953

Re: Taxes on lawsuit settlement

Isn't there also an AMT issue such that you must declare all the income but AMT limits what you can deduct on legal fees, possibly leaving you with a negative final result?
by ThisTimeItsDifferent
Wed Jan 31, 2018 12:37 pm
Forum: Investing - Help with Personal Investments
Topic: How do I open a nondeductible IRA
Replies: 24
Views: 1263

Re: How do I open a nondeductible IRA

Wait, have I made a big mistake? I’ve been contributing to nondeductible IRAs for the past ~6 years for my wife and myself. What is the big deal with this form 8606 you mention? Should I roll over to a Roth and just eat the capital gains taxes? My wife and I are both high earners in our 30s if it m...
by ThisTimeItsDifferent
Tue Jan 30, 2018 6:11 pm
Forum: Investing - Help with Personal Investments
Topic: 2 Basic Questions from a newbie
Replies: 13
Views: 1315

Re: 2 Basic Questions from a newbie

Hello All, I'm seeking some advice and answers to some basic questions. I'm a young guy who is looking to start investing. I've been reading the wiki and Bogle's books and articles (amongst others') and seem to be convinced this is the course I want to pursue. Question 1: A hypothetical example: if...
by ThisTimeItsDifferent
Fri Jan 12, 2018 12:38 pm
Forum: Personal Consumer Issues
Topic: House water detection and alert system?
Replies: 41
Views: 3186

Re: House water detection and alert system?

Would one want a shutoff valve both on the incoming house supply and on the output of the hot water tank? If the shutoff valve is only on the incoming supply, then a leak in a hot water line could still result in the 50+ gallons of the water from the hot water tank leaking and the water heater burni...
by ThisTimeItsDifferent
Tue Jan 09, 2018 5:09 pm
Forum: Investing - Help with Personal Investments
Topic: Maybe not a win for teachers/I need some advice
Replies: 46
Views: 3224

Re: Maybe not a win for teachers/I need some advice

KESP wrote:
Tue Jan 09, 2018 4:26 pm


I just switched my money from Aspire to AXA.
Don't you mean from AXA to Aspire?
by ThisTimeItsDifferent
Thu Jan 04, 2018 4:43 pm
Forum: Investing - Theory, News & General
Topic: Vanguard takes 2 days to settle tIRA funding?
Replies: 22
Views: 1718

Re: Vanguard takes 2 days to settle tIRA funding?

and now it takes 7 days for the funds to be available in the tIRA brokerage account when moved in from a bank account ACH before one can convert it to a Roth. I don't think it was like that last year....
by ThisTimeItsDifferent
Thu Jan 04, 2018 3:44 pm
Forum: Investing - Help with Personal Investments
Topic: Help Me Understand Vanguard Holding Period for transferred in Money
Replies: 20
Views: 1262

Re: Help Me Understand Vanguard Holding Period for transferred in Money

Can one still skip the 7 day wait if one is doing a backdoor Roth? Should one put the money into the final destination fund in the original tIRA to do that? Would the Roth conversion be allowed earlier than 7 days in that case?
by ThisTimeItsDifferent
Wed Dec 13, 2017 11:06 pm
Forum: Investing - Help with Personal Investments
Topic: Edward Jones Guided Solutions - Spouse is Employee
Replies: 37
Views: 3579

Re: Edward Jones Guided Solutions - Spouse is Employee

I think mutual fund accounts do not fall under FINRA rules. Unfortunately, Vanguard will not open new mutual fund accounts I believe. Do other companies like Fidelity or Schwab?
by ThisTimeItsDifferent
Sun Nov 12, 2017 9:18 pm
Forum: Personal Finance (Not Investing)
Topic: Use or Lose $850 from Limited Expense FSA
Replies: 36
Views: 2409

Re: Use or Lose $850 from Limited Expense FSA

Orthodontia may be covered based on the date of billing not the date of service so you could pay the whole amount at the first visit.
by ThisTimeItsDifferent
Sat Oct 14, 2017 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: Dependent Care Reimbursement
Replies: 3
Views: 556

Re: Dependent Care Reimbursement

My plan allows changes mid year. Some mid-year changes permitted. In addition to the life events like marriage, divorce, legal separation, birth of a child, adoption of a child and change in tax dependents that may impact your need for care or the cost of care, the cost of coverage rules permit chan...
by ThisTimeItsDifferent
Fri Oct 13, 2017 2:13 pm
Forum: Personal Consumer Issues
Topic: WiFi [extender]
Replies: 57
Views: 6153

Re: WiFi [extender]

How about a powerline wifi extender? It would use the house power wiring to carry the data from the powerline adaper connected to the router to the powerline wifi extender providing wifi at that remote area.
by ThisTimeItsDifferent
Fri Sep 15, 2017 11:10 pm
Forum: Investing - Help with Personal Investments
Topic: Should I dump (W)Hole Life Insurance and Variable Insurance
Replies: 14
Views: 1490

Re: Should I dump (W)Hole Life Insurance and Variable Insurance

1035 exchange to a variable annuity and the deduct the loss?
by ThisTimeItsDifferent
Fri Jun 30, 2017 8:08 am
Forum: Investing - Help with Personal Investments
Topic: Lackluster ESPP worth contributing?
Replies: 9
Views: 1145

Re: Lackluster ESPP worth contributing?

Can you enroll in the plan and just before the end of the 6 month term if you see that the price has declined since the start date when the purchase price was established at the 15% discount, disenroll and get a return of your contributions?
by ThisTimeItsDifferent
Fri Jun 02, 2017 9:21 am
Forum: Personal Consumer Issues
Topic: Has anyone purchased a car from Carvana.com?
Replies: 29
Views: 20288

Re: Has anyone purchased a car from Carvana.com?

+1 on carvana being a convenient painless way to buy a good used car. The 7 day full return policy is nice too, especially if you are buying a different type of vehicle than you've had before.
by ThisTimeItsDifferent
Tue May 23, 2017 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: [Wiki] - Pro-rata rule impact on Roth IRA recharacterization
Replies: 30
Views: 2734

Re: [Wiki] - Pro-rata rule impact on Roth IRA recharacterization

Furthermore, Vanguard uses the date of the recharacterization to determine the dollar amount needed to recharacterize but then uses the NEXT day closing values to satisfy the recharacterization requirement. If there is a large drop on that NEXT day, they money from another account to satisfy the req...
by ThisTimeItsDifferent
Mon May 22, 2017 9:47 pm
Forum: Personal Finance (Not Investing)
Topic: [Wiki] - Pro-rata rule impact on Roth IRA recharacterization
Replies: 30
Views: 2734

Re: [Wiki] - Pro-rata rule impact on Roth IRA recharacterization

Also, at least for Vanguard Mutual fund accounts, Vanguard has sub accounts that are separate lines on the statement but are treated as one account for purposes of Roth characterization. The first through third level support there has no idea about this both when doing the conversion and when doing ...
by ThisTimeItsDifferent
Tue May 09, 2017 2:05 pm
Forum: Investing - Help with Personal Investments
Topic: 401K rollover assistance
Replies: 7
Views: 750

Re: 401K rollover assistance

I'm in the area of 100K and in no rush to rollover. I'm meeting with a friend next week - who is a financial adviser and free - to discuss options. My book arrived today so I'll start reading that. The IRA Wiki had some interesting information. I'm not in a financial bind and have no desire or plan...
by ThisTimeItsDifferent
Wed Apr 19, 2017 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: Should I cancel my whole life policy?
Replies: 80
Views: 11410

Re: Need help with whole life

Can you at least do a "1035" exchange to some much lower cost investment (like a low cost variable annuity at Vanguard) so at least the 12k loss reduces your basis in that alternative, and almost any alternative investment would better? Or if you have only had it for 2 months, could you attempt to r...
by ThisTimeItsDifferent
Wed Apr 12, 2017 8:47 pm
Forum: Personal Consumer Issues
Topic: Week in San Diego - What to do?
Replies: 35
Views: 3374

Re: Week in San Diego - What to do?

Get a San Diego Go card which includes many park admissions at a large discount.
by ThisTimeItsDifferent
Tue Apr 04, 2017 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: Does your employer let you cash out your Vacation and/or Sick time upon leaving the company?
Replies: 56
Views: 5728

Re: Does your employer let you cash out your Vacation and/or Sick time upon leaving the company?

No cash out of accrued but untaken vacation, but they will subtract from the last pay check any vacation that was taken but not yet accrued. :(
by ThisTimeItsDifferent
Mon Mar 27, 2017 8:39 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth w/existing IRA with 50 dollars in it
Replies: 5
Views: 396

Re: Backdoor Roth w/existing IRA with 50 dollars in it

Fidelity will not charge you a $50 to convert a Fidelity tIRA to a Fidelity Roth IRA. I contribute to a non-deductible tIRA at Fidelity annually and subsequently convert it to Roth after a few days. I'm never charged a fee, and I keep my tIRA account open with a $0 balance. If I were you, I'd just ...
by ThisTimeItsDifferent
Wed Mar 22, 2017 8:14 pm
Forum: Investing - Help with Personal Investments
Topic: Very Sad - Loss of Backdoor Roth IRA all these years
Replies: 19
Views: 5656

Re: Very Sad - Loss of Backdoor Roth IRA all these years

Thank you, I feel better now Backdoor contributions to a Roth IRA have not been available for 10+ years. Prior to 2010 one had to have a modified adjusted gross income for Roth IRA purposes of not more than $100,000 to do a traditional IRA to Roth IRA conversion. True, but for a few years before 20...
by ThisTimeItsDifferent
Sat Mar 11, 2017 11:22 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth 401k - Franklin Templeton - What would you do?
Replies: 3
Views: 491

Re: Backdoor Roth 401k - Franklin Templeton - What would you do?

I would guess you would want to sell those funds to cash at Franklin but keep that cash in the IRA, then do the custodian to custodian transfer, but you'd want to see where it is cheaper to sell them, there or at Vanguard. On the other hand, if those can even transfer to Vanguard, then selling them ...
by ThisTimeItsDifferent
Wed Mar 08, 2017 10:02 pm
Forum: Investing - Help with Personal Investments
Topic: Possible to reinvest this annuity?
Replies: 8
Views: 813

Re: Possible to reinvest this annuity?

If the minimum guaranteed rate is 2.65%, might you want to keep that as a bond/cd/cash equivalent part of your asset allocation, if you need space there? That's assuming the 2.65% is real and not just a gain on some fictitious amount that you cannot actually take out, and considering all the other p...
by ThisTimeItsDifferent
Tue Mar 07, 2017 6:30 pm
Forum: Investing - Theory, News & General
Topic: What is the difference between Total Return and SP500 index?
Replies: 51
Views: 5301

Re: What is the difference between Total Return and SP500 index?

Since the discussion diverged to dividends and I think has been thoroughly explained, would anyone like to discuss Vanguard's method to minimize distributed capital gains in taxable accounts? https://www.google.com/patents/US6879964 which is irrelevant in tax advantaged accounts like IRA and 401k ac...
by ThisTimeItsDifferent
Tue Mar 07, 2017 3:54 pm
Forum: Investing - Theory, News & General
Topic: What is the difference between Total Return and SP500 index?
Replies: 51
Views: 5301

Re: What is the difference between Total Return and SP500 index?

Maybe not "wrong", but probably he misspoke or his wording wasn't clear. Which is the kiss of death in these kind of threads. Thanks for clarifying. I should have said the SP500 funds "distribute" the dividends not that they "include" them. I was trying to distinguish them from alternative financia...
by ThisTimeItsDifferent
Tue Mar 07, 2017 11:39 am
Forum: Investing - Theory, News & General
Topic: What is the difference between Total Return and SP500 index?
Replies: 51
Views: 5301

Re: What is the difference between Total Return and SP500 index?

The S&P 500 index tracks the combined market value of the 500 stocks in the S&P 500 index. The S&P 500 Total Return index tracks the return of these 500 stocks with dividends reinvested: https://finance.yahoo.com/quote/%5ESP500TR The difference between the SP500 and the SP500 total return (i.e. wit...
by ThisTimeItsDifferent
Tue Mar 07, 2017 11:05 am
Forum: Investing - Theory, News & General
Topic: What is the difference between Total Return and SP500 index?
Replies: 51
Views: 5301

Re: What is the difference between Total Return and SP500 index?

The S&P 500 index tracks the combined market value of the 500 stocks in the S&P 500 index. The S&P 500 Total Return index tracks the return of these 500 stocks with dividends reinvested: https://finance.yahoo.com/quote/%5ESP500TR The difference between the SP500 and the SP500 total return (i.e. wit...
by ThisTimeItsDifferent
Mon Mar 06, 2017 9:06 pm
Forum: Investing - Help with Personal Investments
Topic: Helping my MIL figure out her holdings (Success! at least mostly)
Replies: 47
Views: 5550

Re: Helping my MIL figure out her holdings (no idea where)

I'm no expert on this but investopedia says that jointly held non-community property gets a cost basis step up only on half of it, but jointly held community property gets a cost basis step up on all of it.IRS publication 551 and 555 seem to say the same.
by ThisTimeItsDifferent
Mon Mar 06, 2017 8:56 pm
Forum: Investing - Help with Personal Investments
Topic: Helping my MIL figure out her holdings (Success! at least mostly)
Replies: 47
Views: 5550

Re: Helping my MIL figure out her holdings (no idea where)

Selling them would then bring up the cost basis. They got 40 something shares in 1995 (I have the details from the site). After that is just tons of dividends reinvested automatically:( I am not sure if you were asking about the cost basis, but - The cost basis for half of the shares would be bumpe...
by ThisTimeItsDifferent
Tue Feb 28, 2017 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: Meeting with Life Insurance Salesmen
Replies: 32
Views: 3151

Re: Meeting with Life Insurance Salesmen

I would just like some hard hitting questions to spur conversation "What's the difference in your commission between a term life policy and an equivalent whole life policy?" for the same insurance benefit? What is the in-force illustration showing guaranteed values? I don't know. Talk with him on t...
by ThisTimeItsDifferent
Tue Feb 28, 2017 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Meeting with Life Insurance Salesmen
Replies: 32
Views: 3151

Re: Meeting with Life Insurance Salesmen

Here is the question to ask him: Do you sell the cheapest term insurance that I can buy? And Why the eff do I need life insurance since I don't have any financial obligations and no dependents? (OK, don't ask this because he will have an answer for this question.) A former college acquaintance coul...
by ThisTimeItsDifferent
Tue Feb 28, 2017 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Check Your Beneficiaries!
Replies: 56
Views: 6591

Re: Check Your Beneficiaries!

Let me give an example of "unintended consequences" of dependence on POD/TOD (ot other) beneficiary designations vs. will or truat. Suppose you have three children and have, say for example, $600,000 in accounts that, upon your death, should go to (or be used for the benefit of) children and/or the...
by ThisTimeItsDifferent
Sat Feb 25, 2017 2:52 pm
Forum: Investing - Help with Personal Investments
Topic: Can somebody please explain brokerage accounts at Vanguard?
Replies: 23
Views: 3651

Re: Can somebody please explain brokerage accounts at Vanguard?

Also, you cannot do many things between different accounts that are different types. You cannot convert a brokerage traditional IRA into a mutual fund Roth account or vice versa. You can only move a brokerage holding into an identical hollding and share class of a mutual fund accoint. However, a mu...
by ThisTimeItsDifferent
Sat Feb 25, 2017 1:32 pm
Forum: Investing - Help with Personal Investments
Topic: Can somebody please explain brokerage accounts at Vanguard?
Replies: 23
Views: 3651

Re: Can somebody please explain brokerage accounts at Vanguard?

Also, you cannot do many things between different accounts that are different types. You cannot convert a brokerage traditional IRA into a mutual fund Roth account or vice versa. You can only move a brokerage holding into an identical hollding and share class of a mutual fund account. However, a mut...
by ThisTimeItsDifferent
Fri Feb 24, 2017 10:43 am
Forum: Investing - Help with Personal Investments
Topic: Company merger, rolling 401K to IRA
Replies: 19
Views: 998

Re: Company merger, rolling 401K to IRA

If you roll it over to the new 401k instead of to an IRA, then you avoid the pro rata taxation of that deductible traditional IRA when doing a Roth conversion of non-deductible IRAs, the "backdoor Roth."

The new Vanguard 401k should have low ERs, maybe lower than IRAs.