Search found 8170 matches

by celia
Mon Sep 24, 2018 8:53 am
Forum: Investing - Help with Personal Investments
Topic: Investing in the Rare Opportunity
Replies: 42
Views: 2724

Re: Investing in the Rare Opportunity

How many people have the $1m carrot dangling in front of them? How many left within the last 2 years? Lots can go wrong even if the owner has good plans. She could die... Get sick.... Get sued... Have an earthquake level the building(s)... How much of that million will be left after you share with U...
by celia
Mon Sep 24, 2018 3:51 am
Forum: Investing - Help with Personal Investments
Topic: Emotional Investor - I'm a mess and need help!
Replies: 70
Views: 4142

Re: Emotional Investor - I'm a mess and need help!

I'm reading this thread from the perspective of a spouse. What will your wife do if you die tomorrow? The odds are that she will outlive you and you are making a mess for her to clean up! Does she even know all the places where you have "invested" money? (You never even mentioned retirement accounts...
by celia
Sat Sep 22, 2018 11:28 pm
Forum: Investing - Help with Personal Investments
Topic: Mom's Estate: Can you help please?
Replies: 44
Views: 1965

Re: Mom's Estate: Can you help please?

I have a question about this. I thought that an FDIC-insured account has two beneficiaries would have $500K insured, even though there is only a single account owner. https://www.fdic.gov/deposit/deposits/faq.html On the referenced page, the last question and answer has a link to a "calculator" tha...
by celia
Sat Sep 22, 2018 10:52 pm
Forum: Personal Finance (Not Investing)
Topic: How to handle huge medicare/medicaid premium increases at age 65?
Replies: 12
Views: 2287

Re: How to handle huge medicare/medicaid premium increases at age 65?

Did your mother have a sponsor when she immigrated? I thought the sponsor was financially liable to support her if she doesn't have a job.

https://www.nolo.com/legal-encyclopedia ... er3-5.html
by celia
Sat Sep 22, 2018 8:30 pm
Forum: Investing - Help with Personal Investments
Topic: Funding a Roth IRA for 60+ Years
Replies: 7
Views: 1011

Re: Funding a Roth IRA for 60+ Years

One thing to consider is that there is a good chance your heirs will just keep the funds you have in the Roth, unless they have specific plans for the money. So, go ahead and simplify the portfolio, but adding some bonds will show your heirs that it is good to have a mix.
by celia
Sat Sep 22, 2018 8:14 pm
Forum: Personal Finance (Not Investing)
Topic: Confused about Roth 401(k) and Roth IRA contributions in the same year
Replies: 6
Views: 652

Re: Confused about Roth 401(k) and Roth IRA contributions in the same year

Although you're planning on saving $18,500 in your 401K, you might not get the full employer match, if the employer expects the money to be contributed evenly throughout the year. You might only get 1/3 of it since you are only working 1/3 of the year. Check with HR/payroll for clarification if this...
by celia
Sat Sep 22, 2018 7:55 pm
Forum: Investing - Help with Personal Investments
Topic: Mom's Estate: Can you help please?
Replies: 44
Views: 1965

Re: Mom's Estate: Can you help please?

The savings account is the only matter that needs attention and almost any change would be an improvement. If that account is all in one bank you are taking considerable risk with much of it uninsured. OP, I'm not sure you read Gill's post in the first reply as it was intended. He was alerting you ...
by celia
Sat Sep 22, 2018 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: 6 Month Update: Buying a House Right Before Baby
Replies: 11
Views: 1447

Re: 6 Month Update: Buying a House Right Before Baby

topofthebellcurve wrote:
Fri Sep 21, 2018 8:10 pm
Over the course of the thread, I found a house and won the bid. I felt like I was going to throw up.
I'm sure your wife was glad you took over the "morning sickness" part of pregnancy! :beer
by celia
Sat Sep 22, 2018 7:01 pm
Forum: Investing - Theory, News & General
Topic: Allocating 1/3 of Investable Assets to Roth Accounts
Replies: 35
Views: 1962

Re: Allocating 1/3 of Investable Assets to Roth Accounts

Way back when I started my retirement accounts, there were no Roths and all we had available were traditional IRAs. A defined benefit pension plan creates retirement "wealth" that is taxed at the higher income rate, making Roths beneficial in retirement. Some of us even started working before IRAs ...
by celia
Sat Sep 22, 2018 1:47 am
Forum: Investing - Theory, News & General
Topic: Over 120 Vanguard funds go transaction free at E*trade
Replies: 15
Views: 1579

Re: Over 120 Vanguard funds go transaction free at E*trade

Hmmm... looks like you can get into some CLOSED funds by going through E*Trade. Hmm, I see Capital Opportunity and Dividend Growth. I have to think an error would pop up if you try to make a transaction though. That's what I noticed too. But the way each brokerage firm works, I think, is that when ...
by celia
Sat Sep 22, 2018 1:27 am
Forum: Personal Finance (Not Investing)
Topic: Thank you from a widow
Replies: 13
Views: 2509

Re: Thank you from a widow

I have benefited from this forum and the wisdom of its members for many years. You have helped me prepare for retirement, develop contingencies, plan for my grandchildren's future education and so much more. Sadly, I will now going forward alone, as my husband died. I've met other widows and widowe...
by celia
Sat Sep 22, 2018 12:33 am
Forum: Personal Finance (Not Investing)
Topic: Estate Planning Attorney Says Putting tIRA in a Revocable Trust is "Complicated" - True?
Replies: 45
Views: 2953

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

I think an IRA can be owned/ titled for a trust for an individual. I doubt it could be done for a trust for a couple since by definition the IRA s for a single person. A person can own an IRA and take distributions and RMDs at specified ages. But a trust does not have an age (based on a birthdate),...
by celia
Sat Sep 22, 2018 12:03 am
Forum: Investing - Theory, News & General
Topic: Over 120 Vanguard funds go transaction free at E*trade
Replies: 15
Views: 1579

Re: Over 120 Vanguard funds go transaction free at E*trade

Hmmm... looks like you can get into some CLOSED funds by going through E*Trade.
by celia
Fri Sep 21, 2018 11:30 pm
Forum: Personal Finance (Not Investing)
Topic: Delaying Social Security Until 70
Replies: 115
Views: 8892

Re: Delaying Social Security Until 70

"If you took benefits early, why did you do so?" We didn't. My wife/me both took our age-70 SS benefit this year, but I'll answer your question anyway, why we did it opposite of what most do. We were fortunate that we fell under the old rules that allowed us to do the file/suspend/restricted route,...
by celia
Fri Sep 21, 2018 11:04 pm
Forum: Personal Finance (Not Investing)
Topic: Trustee for sixty something sister
Replies: 19
Views: 1717

Re: Trustee for sixty something sister

It seems like you could set the money up like it was an annuity***. After your mom passes, calculate how much you can distribute each month over a 10-year or more payout (with 2% increase per year??) and set up an automatic monthly transfer from the trust account to your sister's checking. That way ...
by celia
Fri Sep 21, 2018 10:47 pm
Forum: Investing - Help with Personal Investments
Topic: Investing for disabled relative
Replies: 5
Views: 471

Re: Investing for disabled relative

Start by seeing what directions the trust gives relative to this person. See if the trust has a section for "Special Needs" which describes what the trust money can be spent on (so that other benefits are not impacted). See a lawyer if you have any questions on understanding it. Once you know what t...
by celia
Fri Sep 21, 2018 10:34 pm
Forum: Personal Finance (Not Investing)
Topic: Improper Distribution from After-Tax 401k to Roth (Mega Backdoor)
Replies: 5
Views: 567

Re: Improper Distribution from After-Tax 401k to Roth (Mega Backdoor)

It appears you will have to ask Vanguard to un-do the second rollover (matching the 1099-R coded E) including the Roth IRA growth which is up to them to calculate. Vanguard needs to know that this is correcting an administrative error so that when THEY issue a 2018 1099-R for the "un-do", they will ...
by celia
Fri Sep 21, 2018 10:00 pm
Forum: Investing - Help with Personal Investments
Topic: Still haven't made sense of this 50-50 AA situation
Replies: 9
Views: 1319

Re: Still haven't made sense of this 50-50 AA situation

If you are planning to spend the RMDs, you would/may need to adjust your portfolio back to 50/50 by buying bonds in Roth IRA. Don't worry about that - bonds do just fine in Roth IRA. If you do not spend the RMDs, invest your RMD money in some kind of bonds or fixed income assets and call it good un...
by celia
Fri Sep 21, 2018 9:45 pm
Forum: Personal Finance (Not Investing)
Topic: Thoughts on Using Medicare Consultant that is Paid by the Insurers
Replies: 25
Views: 1204

Re: Thoughts on Using Medicare Consultant that is Paid by the Insurers

I asked him if he acted as a fiduciary, and he said that he accesses all of the insurers, and is paid the same commission by each, so he has no biases. In a former life, I spent ~7 years doing benefits work for a Fortune 15, so I understand the ins and out of medical care well. When I contacted a l...
by celia
Fri Sep 21, 2018 9:30 pm
Forum: Personal Consumer Issues
Topic: WSJ print edition renwal time - any discounts?
Replies: 65
Views: 3971

Re: WSJ print edition renwal time - any discounts?

Why would you go with that option? Further down the thread smectym suggested the following: I’d go with this (Amazon) deal, I think this is about what we pay. $119 for 1 year (print + digital) https://www.amazon.com/gp/offer-listing/B07D95MG15/ref=dp_olp_new_mbc?ie=UTF8&condition=new The 94% rating...
by celia
Fri Sep 21, 2018 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: Legal? Employer changing employees to new health insurance plan before currrnt health plan contract expires
Replies: 17
Views: 1233

Re: Legal? Employer changing employees to new health insurance plan before currrnt health plan contract expires

I worked for a public agency that had more than one union and they had different enrollment periods for each union. One year the agency decided to save money and instead offer the state's plans to all the employees since that would be a much bigger pool of employees and we could get better price bre...
by celia
Thu Sep 20, 2018 7:30 pm
Forum: Investing - Help with Personal Investments
Topic: Dollar cost average funds being transferred to new retirement account?
Replies: 25
Views: 1581

Re: Dollar cost average funds being transferred to new retirement account?

Dollar cost averaging has nothing to do with your Asset Allocation. It has to do with the psychology of buying the shares at one price or at various prices throughout the year. When you purchase using a lump sum, the price may be near the high price for the year, the low price for the year, or somew...
by celia
Thu Sep 20, 2018 4:02 am
Forum: Personal Finance (Not Investing)
Topic: Dilemma: Add room to current house or buy new house?
Replies: 93
Views: 4523

Re: Dilemma: Add room to current house or buy new house?

Have you considered making the current first floor feel bigger by re-decorating? Can you put in a sliding glass door so the outdoors is part of the house, tear down a non-loadbearing wall to combine two rooms into one, or use a wall of mirrors to "double" the size of a room? Even a wall covered with...
by celia
Wed Sep 19, 2018 8:26 pm
Forum: Investing - Help with Personal Investments
Topic: Philanthropy 101
Replies: 13
Views: 819

Re: Philanthropy 101

I took a Coursera class a year or two ago taught by Laura Arrillaga-Andreessen. She teaches at Stanford and comes from a philanthropist family. In the class we learned to identify what kinds of causes appeal to us as individuals, how to find charities in that field, and how to evaluate the charities...
by celia
Wed Sep 19, 2018 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: Elderly parents are in debt - Need advice
Replies: 39
Views: 4659

Re: Elderly parents are in debt - Need advice

Who is paying for the life insurance premiums and how much are the premiums? It may make more sense to stop paying premiums and pay off some bills first, starting with the one that has the highest interest rate.
by celia
Wed Sep 19, 2018 12:47 pm
Forum: Investing - Theory, News & General
Topic: “Majority of working-age Americans have no retirement savings”
Replies: 73
Views: 3883

Re: “Majority of working-age Americans have no retirement savings”

The median retirement account balance among working-age Americans is zero, according to a research report by the National Institute on Retirement Security, a non-profit research group based in Washington. The first sentence is a non-starter for me. How can you possibly get a median of 0 when lookin...
by celia
Wed Sep 19, 2018 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Can I really retire? Please check my math and poke holes.
Replies: 48
Views: 5658

Re: Can I really retire? Please check my math and poke holes.

If you're "right on the edge", like I was, it is better to play it safe and work an extra year or two. (I didn't see a reason that you need to retire soon.) An 80% success rate by your advisor would make me uncomfortable as that means there is 20% "failure" rate. For 5 couples in your exact same cir...
by celia
Wed Sep 19, 2018 11:40 am
Forum: Investing - Help with Personal Investments
Topic: Have We Missed the Boat on Roth Conversions?
Replies: 48
Views: 5462

Terminology Clarification

The Backdoor Roth is a process consisting of two transactions: * Make a non-deductible contribution to a traditional IRA * Convert it to Roth a few days later When you convert in this situation, if you have no other money in any of your traditional IRAs, then there is no tax on the conversion becaus...
by celia
Tue Sep 18, 2018 8:27 pm
Forum: Personal Finance (Not Investing)
Topic: Can I really retire? Please check my math and poke holes.
Replies: 48
Views: 5658

Re: Can I really retire? Please check my math and poke holes.

I figure we need about $72k before taxes to live a comfortable life. When I retire, we'll have about $1.2M in my retirement accounts . Why aren't you taking taxes into account? That can make or break you depending on the 1.2M being in tax-deferred or Roth. If it is in tax-deferred, do you plan to c...
by celia
Tue Sep 18, 2018 5:42 pm
Forum: Personal Consumer Issues
Topic: What is your single most expensive mistake?
Replies: 211
Views: 14198

Re: What is your single most expensive mistake?

Hiring an unlicensed contractor to add on to our house.

He spent our deposit on liquor and forget to show up each day . . .

(We trusted a mutual "friend" for the referral.)
by celia
Tue Sep 18, 2018 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: Manager - Cancer Diagnosis
Replies: 15
Views: 1720

Re: Manager - Cancer Diagnosis

Don't ask him personal questions about his health. If he feels like telling you anything, then listen, but keep it to yourself. His medical needs should be kept private, as that is his right. You might try to be aware of him not feeling well (listless, sleepy, etc) while trying to keep working. He m...
by celia
Tue Sep 18, 2018 4:46 pm
Forum: Personal Consumer Issues
Topic: HOA Donation in Remembrance of Deceased Owner
Replies: 40
Views: 2911

Re: HOA Donation in Remembrance of Deceased Owner

...but the HOA Board considers it a social expense, akin to the annual party and that it builds community . How is buying flowers or donating to charity akin to an annual party where members get to know each other better (which is itself good so that they look out for each other's properties when t...
by celia
Tue Sep 18, 2018 4:33 pm
Forum: Personal Consumer Issues
Topic: HOA Donation in Remembrance of Deceased Owner
Replies: 40
Views: 2911

Re: HOA Donation in Remembrance of Deceased Owner

It depends on how the HOA is incorporated and what their goals are. If they are a non-profit, the board has a fiduciary duty to use all funds for the goals (mission statement) of the organization. I am on the board of a non-profit and missed one meeting when they discussed buying flowers for a membe...
by celia
Tue Sep 18, 2018 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: "Taking" RMDs
Replies: 18
Views: 1630

Re: "Taking" RMDs

Of course, whether you actually sell an asset or simply transfer it out of the IRA is a separate issue from taking the distribution. There is no transfer. With the RMD, you sell shares in the IRA/401k and either send the cash to a checking account or buy shares in a taxable account with the cash. I...
by celia
Tue Sep 18, 2018 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: [Credit freezes and un-freezes are now free]
Replies: 57
Views: 1978

Re: New York Times--NYTimes: Freezing Credit Will Now Be Free. Here’s Why You Should Go for It.

This is not news. We froze our accounts several years ago, for free.
by celia
Tue Sep 18, 2018 12:22 pm
Forum: Investing - Theory, News & General
Topic: Equity in house / Do you use it?
Replies: 56
Views: 3314

Re: Equity in house / Do you use it?

I think that for things like funding a child's education, using home equity in lieu of other types of higher-interest loans is acceptable, and many people do it. Some even do it instead of using taxable investments, either owing to potential capital gains or simply because they want to stay in the ...
by celia
Mon Sep 17, 2018 11:55 pm
Forum: Personal Finance (Not Investing)
Topic: retroactive change to State Retirement plan illegal?
Replies: 17
Views: 1950

Re: retroactive change to State Retirement plan illegal?

...During May 2014, I had enough years of State employment where I was eligible for the state to pay all of the cost for my individual coverage under the State Health Plan 70/30 or Medicare Advantage Base Plan as a retiree. I have copies of the plan documents that spell this out along with e-mail c...
by celia
Mon Sep 17, 2018 10:42 pm
Forum: Investing - Theory, News & General
Topic: Equity in house / Do you use it?
Replies: 56
Views: 3314

Re: Equity in house / Do you use it?

If you use some of the equity in your house for something else, then you don't have has much equity any more. To me, that would be like going back in time several years to when you were making mortgage payments. I have no interest in doing that. A paid-off mortgage means my living expenses are now l...
by celia
Mon Sep 17, 2018 11:19 am
Forum: Personal Consumer Issues
Topic: a low grade in a 9th-grade test
Replies: 44
Views: 3328

Re: a low grade in a 9th-grade test

The student should drop out of school and stay home playing video games all day. Just kidding. :D But the other options you offered are just avoiding challenges. Ask the student why he/she got the grade they received. They likely know if it was lack of studying, sleeping in class, peer pressure to d...
by celia
Mon Sep 17, 2018 10:50 am
Forum: Personal Finance (Not Investing)
Topic: How to get financially ready for death of parent
Replies: 22
Views: 2547

Re: How to get financially ready for death of parent

How should her kids' names be attached to her financial accounts, if at all? Your mother should designate beneficiaries on each account. 50%/50% would be typical in that situation. Assuming you are both power of attorney, you want at least one of you on the accounts so you can do banking/write chec...
by celia
Mon Sep 17, 2018 10:26 am
Forum: Personal Finance (Not Investing)
Topic: How to get financially ready for death of parent
Replies: 22
Views: 2547

Re: How to get financially ready for death of parent

It's never too early to do estate planning. People can die at any age, after all. Do you and your sister have your wills, trusts, DPOAs, medical Power Of Attorney documents in place? The three of you can learn together and might even get a price break by setting everything up at the same time with t...
by celia
Sun Sep 16, 2018 2:53 am
Forum: Personal Finance (Not Investing)
Topic: 38% pay cut for dream job?
Replies: 61
Views: 5124

Re: 38% pay cut for dream job?

I wonder how this job would impact possible adoptions. Even if it is allowed, do you want kids, knowing you may end up putting them in boarding schools while you are adventurous? Maybe you need to talk to some people who have been in the Foreign Service. I'm not sure if that is compatible with adopt...
by celia
Fri Sep 14, 2018 11:06 pm
Forum: Personal Finance (Not Investing)
Topic: how to get out of a company 401k
Replies: 5
Views: 560

Re: How to get out of a company 401k

She might be able to roll it over when she turns 59.5 (or dies), but she probably doesn't look forward to either of those events anytime soon. :D Other than that, read the plan documents to see if there are any other events that would allow a rollover.
by celia
Fri Sep 14, 2018 10:54 pm
Forum: Personal Finance (Not Investing)
Topic: Account tax liability mix for retirement
Replies: 4
Views: 434

Re: Tax liability mix for retirement

You have an good mix of assets in different tax categories (taxable, tax-deferred, Roth) at this time, so you will have good options in retirement. There is no such thing as the "right mix" of assets as everyone has different income in their working years, different employer plans (if any), and diff...
by celia
Fri Sep 14, 2018 10:10 pm
Forum: Personal Finance (Not Investing)
Topic: Critical Account
Replies: 20
Views: 2444

Re: Critical Account

There must be another issue involved here. If this relative can't support herself for a few months on her own assets until she becomes a multi-millionnaire, how is she going to (mentally) process/ invest an inheritance that large if she can't manage a smaller amount now? Have you addressed that? Do ...
by celia
Tue Sep 11, 2018 10:55 pm
Forum: Investing - Theory, News & General
Topic: Argument for taking social security before 70. Comments?
Replies: 111
Views: 7401

Re: Argument for taking social security before 70. Comments?

I would do different calculations than you. I don't think that getting the optimal "break even point" is the goal , but rather first, are your living expenses (including increased health care costs) covered and, second, how much money is likely to be left when we both have died? Did you take the fol...
by celia
Mon Sep 10, 2018 10:23 pm
Forum: Investing - Help with Personal Investments
Topic: Question about Vanguard "in-kind" transfer
Replies: 5
Views: 516

Re: Question about Vanguard "in-kind" transfer

You should also check to see if EJ has any account closing fees. Start with their website. Then call them, if needed.
by celia
Mon Sep 10, 2018 8:02 am
Forum: Personal Finance (Not Investing)
Topic: Bored
Replies: 56
Views: 9429

Re: Bored

I have 3 small kids and a wife who doesn't work. I bought the 250k policy after my first kid just to have something quickly. Your wife certainly does work! It's just that you aren't paying her (enough). :D She needs life insurance too. If something happened to her, will you have to pay someone to d...
by celia
Fri Sep 07, 2018 8:38 pm
Forum: Investing - Help with Personal Investments
Topic: Year End Roth Moves
Replies: 10
Views: 1200

Re: Year End Roth Moves

Regarding the "gains" terminology: The T-IRA was funded almost entirely from non-deductible contributions, so in casual situations I just tend to think of any "gains" as being the taxable gains or basis for the taxes. Using IRS terminology, the non-deductible contributions are called the basis . Th...
by celia
Fri Sep 07, 2018 7:37 pm
Forum: Investing - Help with Personal Investments
Topic: [Retirement accounts locked by Vanguard, unable to convert Admiral funds to ETF]
Replies: 57
Views: 4164

Re: [Retirement accounts locked by Vanguard, unable to convert Admiral funds to ETF]

Are you a minor with an inherited retirement account, by any chance? Or a senior who might appear (to them) who might not understand the implications of what you are requesting? (I recently changed a new setting Vanguard offers that allows them to contact a person you choose if they feel you are dec...