Search found 9370 matches

by celia
Tue Jul 16, 2019 2:34 pm
Forum: Personal Investments
Topic: Roth Conversion Question – Please help! (First Post)
Replies: 66
Views: 2689

Re: Roth Conversion Question – Please help! (First Post)

I have a cash balance plan pension from my former employer which was frozen (except for interest credits) shortly after I became eligible to participate. I'm current trying to decide whether to roll it into my IRA or just take it as a lump sum. It is valued at well under $10K and would give me a mo...
by celia
Mon Jul 15, 2019 11:56 pm
Forum: Personal Finance (Not Investing)
Topic: Tenant turned off all utilities advice please!!
Replies: 83
Views: 6518

Re: Tenant turned off all utilities advice please!!

Tenant turned off all utilities
What is the problem with this? If you were a renter with utilities in your name, wouldn’t you want them turned off when you move so you aren’t stuck paying for the next tenant who never gets around to putting utilities in their name?
by celia
Mon Jul 15, 2019 9:10 pm
Forum: Personal Consumer Issues
Topic: Gold Coin for fun, not for investment or numismatics [Canadian Maple Leaf]
Replies: 22
Views: 1405

Re: Gold Coin for fun, not for investment or numismatics [Canadian Maple Leaf]

You may not care if it gets dents or looks worn, but your wife might care. Get a mint coin in a protective wrap.
by celia
Sun Jul 14, 2019 7:35 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited ira
Replies: 21
Views: 1581

Re: Inherited ira

Something to consider: If there are a lot of individual stocks or mutual funds in the portfolio that neither you or your sibling want, the executor can request that those be sold before splitting up the account. It may help reduce sales fees. Whether or not you can do this might depend on the custo...
by celia
Sun Jul 14, 2019 3:49 am
Forum: Personal Investments
Topic: ORP and RPM recommend large mega Roth's from IRA
Replies: 40
Views: 1965

Re: ORP and RPM recommend large mega Roth's from IRA

The taxable funds I use for my Roth conversions are quite conservatively invested (25% CD ladder, 45% Bond, 30% equity). I've been praying for that big market correction all the 'experts' have been predicting for the past 6 years . . . no such luck so far although last December was better than noth...
by celia
Sat Jul 13, 2019 10:00 pm
Forum: Personal Investments
Topic: ORP and RPM recommend large mega Roth's from IRA
Replies: 40
Views: 1965

Re: ORP and RPM recommend large mega Roth's from IRA

The primary downside with a really large roth conversion would be if there is a large market correction right after you do the conversion? This can be a big upside too! Continue with your usual Roth conversions. Then, if there is a large market correction, do another large Roth conversion. For exam...
by celia
Sat Jul 13, 2019 9:26 pm
Forum: Personal Consumer Issues
Topic: "Objective" Importance of Keeping Your Physicians?
Replies: 54
Views: 3887

Re: "Objective" Importance of Keeping Your Physicians?

We've been going to a large health network for many years who accept just about all insurance plans. So when we had to change insurance, it was only a financial change and we would continue with seeing the same providers. We also see some specialists outside the group since they don't have every spe...
by celia
Sat Jul 13, 2019 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare did not approve the charge
Replies: 31
Views: 1749

Re: Medicare did not approve the charge

My mother was recently treated at a hospital and just received a bill from a provider after insurance denied payment. I"m trying to figure out how to proceed. She has Medicare and a Medigap plan. Her Medigap insurer EOB: "Your Plan did not pay a benefit for this service because Medicare did not app...
by celia
Sat Jul 13, 2019 11:21 am
Forum: Personal Finance (Not Investing)
Topic: Financing my daughter's college with my 401K
Replies: 60
Views: 3542

Re: Financing my daughter's college with my 401K

I'd suggest you cash flow what you can, and have her borrow the rest. I agree, this is the only sensible way forward I see. Students can only borrow $5500 the first year, increasing by $500/year. Any amount in excess of that is a parent loan. This can not be repeated enough. I encounter so many par...
by celia
Sat Jul 13, 2019 2:00 am
Forum: Personal Finance (Not Investing)
Topic: Big IRA accounts
Replies: 85
Views: 11746

Re: Big IRA accounts

according to lange who has written Extensively on roth conversions, universally he says its a win win to convert That is because you will pay the same taxes on the withdrawal if you put it in taxable or into Roth. With that in mind, why would you want future growth to be taxed (in taxable) when you...
by celia
Sat Jul 13, 2019 1:31 am
Forum: Personal Finance (Not Investing)
Topic: priority of supporting parents vs saving for college
Replies: 54
Views: 3430

Re: priority of supporting parents vs saving for college

Would you consider the level of financial assistance you could afford to give parents based on your budget after college savings contributions? Or would you consider them a higher priority (they can't get loans for retirement, but kids could always get loans for school kind of thinking). No and no....
by celia
Sat Jul 13, 2019 12:18 am
Forum: Personal Finance (Not Investing)
Topic: Financing my daughter's college with my 401K
Replies: 60
Views: 3542

Re: Financing my daughter's college with my 401K

Did you apply for college financial aid? Did your daughter apply for any scholarships? Did she get a summer job to pay for her share of expenses? It seems you haven't planned as well as you should have. You've had about 18 years to get ready for this. You can still apply for financial aid but since ...
by celia
Fri Jul 12, 2019 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: How to Safely Share User IDs / Passwords with Spouse
Replies: 72
Views: 4793

Re: How to Safely Share User IDs / Passwords with Spouse

My wife can't get a username and password to my HSA account. Or my business checking account. Or my Social Security account. Or my web host admin panel. Etc. I don't see why not. Suppose you were a celebrity, a CEO, frequent over-seas traveler or anyone who prefers to have a money manager take care...
by celia
Fri Jul 12, 2019 7:58 pm
Forum: Personal Consumer Issues
Topic: Company not addressing my dad's health condition
Replies: 29
Views: 2655

Re: Company not addressing my dad's health condition

Why doesn't he just get a legal consultation? He needs to know what to document, who says what, when, and how, etc.

Without knowing his options, he will likely do the action that is not favorable to him, in the long term.
by celia
Thu Jul 11, 2019 10:22 pm
Forum: Personal Finance (Not Investing)
Topic: How to Safely Share User IDs / Passwords with Spouse
Replies: 72
Views: 4793

Re: How to Safely Share User IDs / Passwords with Spouse

. . .one thing I struggle with is how to easily share all of our (ever changing) user IDs and passwords for our financial accounts. Don’t share IDs and Passwords. NEVER! . :oops: If you want your financial institutions to keep your accounts safe, you must do your part in not sharing usernames or pa...
by celia
Thu Jul 11, 2019 9:58 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Summary Notice for Part B
Replies: 11
Views: 1387

Re: Medicare Summary Notice for Part B

OP, There are lots of reasons Medicare could reject a claim: * Materials for some procedure should be included in the price of the procedure itself but were billed separately * The claim was previously submitted and paid but maybe the provider is now adding on an additional service that should have ...
by celia
Thu Jul 11, 2019 9:21 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone inherited a obligation/burden/responsibility?
Replies: 76
Views: 7401

Re: Has anyone inherited a obligation/burden/responsibility?

shorty313 wrote:
Thu Jul 11, 2019 12:50 pm
Anyone know what do to with unwanted furs??? :?
Possibly a theatrical group could use them. Or the agency/company they rent costumes from might be interested in buying them at the ‘right’ price.
by celia
Thu Jul 11, 2019 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: Big IRA accounts
Replies: 85
Views: 11746

Re: Big IRA accounts

having a big ira is fine with me and being in the 24% marginal bracket but an effective tax rate under 20% with no state tax just did a small partial roth conversion wh ich I will do yearly Small Roth conversions won't even make a dent in your RMD, since the tIRA is likely growing more each year th...
by celia
Thu Jul 11, 2019 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: Big IRA accounts
Replies: 85
Views: 11746

Re: Big IRA accounts

if I do a roth conversion, will put assets in bonds intermediate and long term funds; not stocks as I would hate a big loss after converting thinking of having 300k in Roths for healthcare if needed one day Roth should hold only stock funds. You don't need to do any withdrawals from there as you HA...
by celia
Thu Jul 11, 2019 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: Big IRA accounts
Replies: 85
Views: 11746

Re: Big IRA accounts

we have IRAs traditional around 4.15 million and 150k in roths and 725k in munis [/b] Where are the muni's held? taxable, tax-deferred, Roth? Since the growth is tax-free when they are invested in your own state, it only makes sense to hold them in taxable. In tax-deferred IRAs, they will be taxed ...
by celia
Thu Jul 11, 2019 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone inherited a obligation/burden/responsibility?
Replies: 76
Views: 7401

Re: Has anyone inherited a obligation/burden/responsibility?

I would consider a pet, family business, or farm with live animals/crops to be a responsibility/liability.

So would be a vehicle, aircraft, or sailing vessel you don’t plan to use. You still have to insure it and protect yourself from liability.
by celia
Tue Jul 09, 2019 2:34 am
Forum: Personal Investments
Topic: Help - Talk to me like I'm 4 y/o please
Replies: 90
Views: 7439

Re: Help - Talk to me like I'm 4 y/o please

Let's be generous with the advisor, for a moment. Suppose she charged you ONLY 1% AUM (Assets Under Managerment) a year and the funds didn't have any fees. Let's also assume that the 1% she took from your account each year was kept invested in the same funds, but under her name, not using any of the...
by celia
Sun Jul 07, 2019 4:24 pm
Forum: Personal Investments
Topic: 6M retirement asset allocation and tax advice
Replies: 21
Views: 3315

Re: 6M retirement asset allocation and tax advice

It's not how much you have that matters but how much you can spend. Those tax-deferred dollars are worth less than a dollar because the taxes haven't yet been paid on them. Here's how to get a handle on those future taxes: Small Law Survivor's thread About 3/4 the way down the second page of that th...
by celia
Sun Jul 07, 2019 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Took out roth contributions for down payment, now getting massive tax bill?
Replies: 8
Views: 1929

Re: Took out roth contributions for down payment, now getting massive tax bill?

Did you receive a year-end tax form for the Roth withdrawal? If so, you needed to report it on your taxes, since that is what the IRS is also looking at. In fact, ALL tax forms you receive in January need to be reported on your taxes even if they don't impact the taxes you owe. And if you didn't kno...
by celia
Sat Jul 06, 2019 11:13 am
Forum: Investing - Theory, News & General
Topic: Historically has it been bad to withhold further contributions 8 years after the beginning of a bull market?
Replies: 36
Views: 3457

Re: Historically has it been bad to withhold further contributions 8 years after the beginning of a bull market?

Common wisdom among the pundits and also the small folk is that we're over extended this latest bull market. Some people I know are witholding futher contributions or even divesting in anticipation of a sharp downturn. Why would you want to withhold further contributions? You can make contributions...
by celia
Sat Jul 06, 2019 9:31 am
Forum: Personal Investments
Topic: I'm beside myself about my dad's investment account
Replies: 32
Views: 5422

Re: I'm beside myself about my dad's investment account

You might find this thread helpful. I think Vanguards has a 500k minimum for trusts. https://www.bogleheads.org/forum/viewtopic.php?t=208409 Thanks. I've started reading through the whole thread. I’m assuming the OP’s father has a Special Needs Trust (in order to maintain eligibility for government...
by celia
Sat Jul 06, 2019 2:30 am
Forum: Personal Investments
Topic: I'm beside myself about my dad's investment account
Replies: 32
Views: 5422

VA Aid and Attendance

I’d get started on that VA Aid and Attendance application right away. Here are some eligibility rules: https://www.va.gov/pension/aid-attendance-housebound/ And more information: https://www.payingforseniorcare.com/longtermcare/resources/veterans_pension.html This is not a do-it-yourself application...
by celia
Fri Jul 05, 2019 10:32 pm
Forum: Personal Finance (Not Investing)
Topic: Elderly grandparents moving in with parents; what should they plan for?
Replies: 63
Views: 4809

Re: Elderly grandparents moving in with parents; what should they plan for?

This scenario has been playing out for hundreds of years where elders live with their younger relatives. Frankly, I wish there was more of it as each generation has something different to offer the extended family. The oldest members usually know the family history best and what kinds of illnesses a...
by celia
Fri Jul 05, 2019 7:23 pm
Forum: Personal Investments
Topic: Taxation of assets held in a revocable living trust upon death question
Replies: 23
Views: 1541

Re: Taxation of assets held in a revocable living trust upon death question

... While in probate, the estate becomes public record--seen by any "financial planner" or nosy neighbor who is interested. Most people's Wills are not of any interest to the decedent's neighbors or the public. Here's a data point of one case: I was trustee for an uncle (not a celebrity by any mean...
by celia
Fri Jul 05, 2019 4:14 am
Forum: Personal Finance (Not Investing)
Topic: Preparing my wife for financial life without me.
Replies: 95
Views: 10559

Re: Preparing my wife for financial life without me.

The weak link in the plan is, what happens upon your incapacity when he/she will be on their own, potentially with the financial planning wolves at the door? Why don't you ask her what she would do if you weren't around to "carry on"? About once a year, I have DH pay all the bills. I let him figure...
by celia
Fri Jul 05, 2019 3:53 am
Forum: Personal Investments
Topic: Taxation of assets held in a revocable living trust upon death question
Replies: 23
Views: 1541

Re: Taxation of assets held in a revocable living trust upon death question

Sorry, not to hijack but what defines a "joint trust"? I have a "family trust" set up with both my wife and I as signatories and trustees should the other one pass. The word "grantor" isn't used anywhere in it. I assume this is how the OP's trust was setup so probably has the same question. (I'm al...
by celia
Thu Jul 04, 2019 6:13 pm
Forum: Personal Investments
Topic: Placing all portfolio BOND holdings in Roth IRA?
Replies: 22
Views: 1501

Re: Placing all portfolio BOND holdings in Roth IRA?

At age 21, the OP has many years for the Roth to compound tax-free. If you compound the interest on 3-4% bonds for 40 years compared to compounding the dividends and LT gains the stocks pay out for 40 years, which would you rather have as a tax-free account at age 61? Stocks, of course! A stock port...
by celia
Thu Jul 04, 2019 5:53 pm
Forum: Personal Finance (Not Investing)
Topic: my auto insurance went up 100%
Replies: 12
Views: 1695

Re: my auto insurance went up !00%

I have just one auto accident, last 7 years just 9 mothers [months??] ago it is the other guy’s fault but my insurance said it's my fault. This is why your insurance doubled. (You could also say it went up $60/month, if you want.) I've known people who were dropped from their insurance after too ma...
by celia
Wed Jul 03, 2019 4:47 pm
Forum: Investing - Theory, News & General
Topic: Retired: Do you withdraw from investments or cash ?
Replies: 68
Views: 7678

Re: Retired: Do you withdraw from investments or cash ?

yousha wrote:
Wed Jul 03, 2019 4:23 pm
My RMD, SS and Pension cover all of my expenses. All my distributions outside of my RMD is reinvested. I am 80 years of age.
Even your RMD can be reinvested (in Taxable).
by celia
Wed Jul 03, 2019 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: Protect my inheritance from divorce with a trust?
Replies: 30
Views: 3238

Re: Protect my inheritance from divorce with a trust?

dm200 wrote:
Wed Jul 03, 2019 1:50 pm
I wonder (ask an attorney) if you could "disclaim" all or part of the inheritance so that more goes to your sister and, then, you both could work out something "safer" for you.?
And if sister is married, but gets a divorce, part of OP’s money may go to her ex.
by celia
Wed Jul 03, 2019 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: What Percent of Households earning over $100k are millionaires?
Replies: 13
Views: 1964

Re: What Percent of Households earning over $100k are millionaires?

To illustrate why income and net worth aren’t that correlated, think of all the people who have million dollar homes that are paid off in high COLA states (either by paying off a mortgage years ago or by inheritance). Owning an expensive house has nothing to do with one’s income, in these cases. Als...
by celia
Wed Jul 03, 2019 1:39 pm
Forum: Personal Finance (Not Investing)
Topic: Protect my inheritance from divorce with a trust?
Replies: 30
Views: 3238

Re: Protect my inheritance from divorce with a trust?

If you want to minimize the chance of a divorce, I would be upfront about this with your spouse. Tell her you would like to never spend it but rather save it for “our kids”. Ask her for her opinion on investing it and maybe she’ll have some good ideas. Not telling her anything or sharing your financ...
by celia
Wed Jul 03, 2019 4:47 am
Forum: Personal Investments
Topic: Roth Conversion
Replies: 6
Views: 560

Re: Roth Conversion

The catch you are missing is that the amount you convert gets added to your ordinary income for tax purposes. Some posters may not have noticed that the OP said: My question is could I set aside one year of living expenses prior to retirement so that in year one of retirement I live off of savings ...
by celia
Wed Jul 03, 2019 4:36 am
Forum: Personal Investments
Topic: Roth Conversion
Replies: 6
Views: 560

Re: Roth Conversion

This is an excellent strategy as long as: * you have no other taxable income in the year you do the Roth conversion and can afford to pay taxes on the entire Roth conversion in one year from a taxable account * you do not need to keep your income low in order to qualify for medical insurance through...
by celia
Mon Jul 01, 2019 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Healthcare Nightmare after wife's surgery
Replies: 84
Views: 7287

Re: Healthcare Nightmare after wife's surgery

I have to say that this kind of thing is where an HMO with good customer service can be worth its weight in gold! I had an emergency appendectomy out of state and got all kinds of bills from all sorts of providers, some of whom I could barely remember through the fog and haze of my pain at the time...
by celia
Mon Jul 01, 2019 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: Healthcare Nightmare after wife's surgery
Replies: 84
Views: 7287

Re: Healthcare Nightmare after wife's surgery

I will try one more time with the hospital and the insurance company and try to go down to the weeds to at least understand the reasoning of their decisions. This assistant doctor is In Network which adds another twist. Even if you get billed by an out-of-network doctor that you did not choose to u...
by celia
Mon Jul 01, 2019 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: Healthcare Nightmare after wife's surgery
Replies: 84
Views: 7287

Re: Healthcare Nightmare after wife's surgery

if it is that BIG of a surgery, wouldn't you end up hitting your yearly out of pocket max either way, so then it doenst matter which bills you pay , once you hit the out of pocket max you are done. If you hit your deductible, I wouldn't pay. If not, I would pay up to the deductible. Up to you who g...
by celia
Sun Jun 30, 2019 1:35 pm
Forum: Personal Investments
Topic: Can I fund all 4 tax advantage accounts?
Replies: 19
Views: 3038

Re: Can I fund all 4 tax advantage accounts?

Not quite. You would only be able to do "employer" contributions on the contractor income. Also, you can do Roth 401k but that doesn't mean you should. Are you low income? +1 on diving deeper into your heavy Roth. If you can even think about funding all of these (even ones you aren’t allowed to) I’...
by celia
Sat Jun 29, 2019 6:04 pm
Forum: Personal Investments
Topic: Spend IRA Dividends?
Replies: 12
Views: 645

Re: Spend IRA Dividends?

Here's a similar thread that may answer part of your questions:
Living off IRA in retirement
by celia
Sat Jun 29, 2019 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Bank closing inactive credit card.
Replies: 15
Views: 1586

Re: Bank closing inactive credit card.

We're the opposite. There is a card that I thought I had canceled 10+ years ago, but they kept sending us renewal cards, even though the account has not been used since the first (promotional) year. This year, I made a note on the envelope to confirm if the account was closed and when we called, we ...
by celia
Thu Jun 27, 2019 11:25 pm
Forum: Personal Finance (Not Investing)
Topic: Perspective on Company Layoffs
Replies: 27
Views: 2719

Re: Perspective on Company Layoffs

75% of the employees leaving is a VERY severe cut. Some essential positions need to continue, obviously, and re-shuffling needs to be done to fill them. However, after things settle down, I wouldn't be surprised if DH is laid off in the next round, since he didn't get a retention package offer. If h...
by celia
Thu Jun 27, 2019 11:06 pm
Forum: Personal Finance (Not Investing)
Topic: 457b [Want to set up a 457(b)]
Replies: 11
Views: 1242

Re: 457b

I want to set up the 457b for the following purposes <--What does this mean? Only the employer (certain kinds) can set up the 457 plan. I have a 6 month job that ends in 2019 I want to lower my overall income for tax purposes so I can do a roth ira conversion in a lower income bracket I want to tak...
by celia
Thu Jun 27, 2019 8:34 pm
Forum: Personal Finance (Not Investing)
Topic: Neighbor Keeps Mildy Trespassing
Replies: 19
Views: 2908

Re: Neighbor Keeps Mildy Trespassing

he looked like un-medicated bipolar person What does this mean? (All the un-medicated bipolar people I know look very different from each other.) Have you considered that maybe he IS bi-polar (or has another illness)? Have you considered that maybe he claims to be an attorney, but isn't? Have you c...
by celia
Wed Jun 26, 2019 7:56 pm
Forum: Investing - Theory, News & General
Topic: Vanguard website problems [Transactions won't go through, 500 error...]
Replies: 106
Views: 5962

Re: Vanguard Front Page

Try re-booting your computer.
by celia
Wed Jun 26, 2019 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: Tax planning for NJ - transferring assets from parents to children
Replies: 16
Views: 1002

Re: Tax planning for NJ - transferring assets from parents to children

Is there a way to transfer assets to adult children before death without tax consequences for the recipient? This is for 'bogleheads' tax planning for when parents reach retirement age. For example, my parents have 2 rental properties that they have, but would like to 'transfer' these to their chil...