Search found 10549 matches

by celia
Tue May 26, 2020 7:38 pm
Forum: Personal Investments
Topic: Does anyone know how to get Fidelity to issue a paper check for a partial rollover?
Replies: 4
Views: 213

Re: Does anyone know how to get Fidelity to issue a paper check for a partial rollover?

I agree with tfb. Don't mess with paper checks. Instead, open an IRA at the new custodian and have them "pull" the requested assets. Just be clear that you are only transferring part of the account, so they don't accidentally pull the whole thing,
by celia
Tue May 26, 2020 1:27 pm
Forum: Investing - Theory, News & General
Topic: Anybody do any GOOD timing the market?
Replies: 72
Views: 3306

Re: Anybody do any GOOD timing the market?

The math shows that one doesn't gain much from timing the market in most instances. Suppose the portfolio is 60/40 and one decides to move 10% of the portfolio to change to 70/30. That is, one would have to exchange 25% of one's fixed income into equities. You would only have to sell 5% of your por...
by celia
Tue May 26, 2020 1:19 pm
Forum: Investing - Theory, News & General
Topic: Pros/Cons of taxable accounts for both spouses
Replies: 16
Views: 1160

Re: Pros/Cons of taxable accounts for both spouses

Cool, does that mean that the the basis wouldn't step up upon the death of one spouse if there were two separate accounts for husband and wife? Correct. Only the separate account of the deceased would get a step-up. To make it clearer, look at our trust (in California). Retirement accounts are not ...
by celia
Tue May 26, 2020 12:54 pm
Forum: Investing - Theory, News & General
Topic: Pros/Cons of taxable accounts for both spouses
Replies: 16
Views: 1160

Re: Pros/Cons of taxable accounts for both spouses

At the risk of sounding repetitive, as I was trying to answer this in my previous posts, and not with the intent of deterring anyone else from offering an opinion, I'll summarize my layman's understanding of this: John is married to Mary. They live in California, a community property state. They ha...
by celia
Tue May 26, 2020 12:35 pm
Forum: Investing - Theory, News & General
Topic: Anybody do any GOOD timing the market?
Replies: 72
Views: 3306

Re: Anybody do any GOOD timing the market?

In 2008, I did lots of Roth conversions as the market was going down. I don’t regard that as market timing, but taking advantage of current circumstances (which market timing also does).
by celia
Tue May 26, 2020 12:34 pm
Forum: Investing - Theory, News & General
Topic: Anybody do any GOOD timing the market?
Replies: 72
Views: 3306

Re: Anybody do any GOOD timing the market?

I sold enough to cover my first two years of retirement in December in an IRA rollover account . It was good timing of course and did it so that I would not have to sell in a down market two years from now when I retire. My plan is to cover my third year at the end of this year provided the market ...
by celia
Tue May 26, 2020 12:18 pm
Forum: Investing - Theory, News & General
Topic: Anybody do any GOOD timing the market?
Replies: 72
Views: 3306

Re: Anybody do any GOOD timing the market?

The math shows that one doesn't gain much from timing the market in most instances. Suppose the portfolio is 60/40 and one decides to move 10% of the portfolio to change to 70/30. That is, one would have to exchange 25% of one's fixed income into equities. You would only have to sell 5% of your por...
by celia
Tue May 26, 2020 1:09 am
Forum: Personal Finance (Not Investing)
Topic: Medigap in California
Replies: 2
Views: 287

Re: Medigap in California

As you apparently know, California has the "birthday rule" that allows you to change carriers/plans in your birth month. But you also need to understand the rules for when you want to change. You can always go from one plan to another that has the same or less coverage, but you usually can't change ...
by celia
Mon May 25, 2020 11:43 pm
Forum: Investing - Theory, News & General
Topic: Pros/Cons of taxable accounts for both spouses
Replies: 16
Views: 1160

Re: Pros/Cons of taxable accounts for both spouses

Assuming an individual lives in a community property state, I'm trying to understand what are the benefits of setting up a taxable account for both spouses. If the assets are in a joint taxable account in a community property state, the assets get a step-up in value at the death of the first spouse...
by celia
Mon May 25, 2020 10:04 pm
Forum: Investing - Theory, News & General
Topic: Alarming Bid/Ask Spreads on ETFs
Replies: 42
Views: 2921

Re: Alarming Bid/Ask Spreads on ETFs

I actually feel kind of dumb starting this thread, duh. Should not have been surprised that bid/ask spreads open up after hours when trading volumes fall. In fact, a couple of American Century ETFs showed zero volume and that should have been a clue. Still, I asked a question and learned a whole lo...
by celia
Mon May 25, 2020 9:49 pm
Forum: Personal Investments
Topic: Roth conversion
Replies: 6
Views: 579

Re: Roth conversion

When you exchange to a Roth, you keep the same number of shares, and the taxes you pay is determined by the closing price the day you made the exchange. Cost basis isn’t really important in tax advantaged accounts. Not sure I follow you here. I mean I bought into the VTSAX at 69.98 it is currently ...
by celia
Mon May 25, 2020 9:19 pm
Forum: Personal Consumer Issues
Topic: What will you NOT buy online?
Replies: 44
Views: 2787

Re: What will you NOT buy online?

Hearing aids and prescription glasses. I’m very particular about my frame sIze because of my vision. Also both have to be adjusted for you.
by celia
Mon May 25, 2020 12:19 am
Forum: Investing - Theory, News & General
Topic: Alarming Bid/Ask Spreads on ETFs
Replies: 42
Views: 2921

Re: Alarming Bid/Ask Spreads on ETFs

I was recently reading E*Trade's disclosure that one needs to acknowledge before you are allowed to trade when the markets are closed. Volatility was a big point and that sometimes there is little action on some holdings, which can increase the spread as well as the volatility, especially during wee...
by celia
Sun May 24, 2020 11:55 pm
Forum: Personal Finance (Not Investing)
Topic: What to do with Mother-In-Law
Replies: 31
Views: 3840

Re: What to do with Mother-In-Law

Some states (like California) have a program where family members who take care of elderly relatives are paid by the state. The family member gets supposedly better care from a relative who cares about them while the care-giving relative gets some income to make up for not being available to hold a ...
by celia
Sun May 24, 2020 6:48 pm
Forum: Personal Investments
Topic: Question about Edward Jones disapproval
Replies: 39
Views: 3364

Re: Question about Edward Jones disapproval

I would pick his/her brain, since you are looking to learn too, I imagine. "Did you decide on a brokerage company yet and why did you pick the one you did?" Other questions to help you help each other: "Have you heard of an Investment Policy Statement?" (https://www.bogleheads.org/wiki/Investment_po...
by celia
Sun May 24, 2020 5:38 pm
Forum: Personal Investments
Topic: When to start investing again?
Replies: 11
Views: 1155

Re: When to start investing again?

Before you start investing again, I'd suggest putting all your statements away and temporarily forget about what you own. Then write out YOUR Investment Policy Statement (IPS) . This is the road map that defines YOUR goals and how you are going to get there. When things go sour or uncertain, you sho...
by celia
Sun May 24, 2020 5:02 pm
Forum: Personal Investments
Topic: Any suggestions for the homestretch of my retirement plan?
Replies: 21
Views: 1582

Re: Any suggestions for the homestretch of my retirement plan?

Why do your Roths hold bonds? You should maximize your growth of tax-free money by putting stock funds in there. Our wiki page, Tax-Efficient Fund Placement , explains WHERE to hold each asset. Since you're in the highest tax bracket, I hope you are still contributing to the Roth to make it even lar...
by celia
Sun May 24, 2020 12:45 am
Forum: Personal Investments
Topic: Roth IRA and Traditional IRA, merge or no?
Replies: 10
Views: 756

Re: Roth IRA and Traditional IRA, merge or no?

Okay merge wasn't really the right word. I rather keep things simple with a single IRA account. This still doesn't make sense. You can't combine accounts with different "attributes" or "characteristics". And there are different rules for each kind of account. For example, a Roth account had taxes p...
by celia
Sat May 23, 2020 11:49 pm
Forum: Personal Finance (Not Investing)
Topic: What do people spend money on?
Replies: 52
Views: 4925

Re: What do people spend money on?

Gnirk wrote:
Sat May 23, 2020 11:06 pm
The only "thing" I've ever really wanted and will never have is a nice, smaller house with an uninterrupted view of Puget Sound. Sadly, my DH has no interest in that.
Ahhh... It looks like your goal, then, is to outlive him. :D
by celia
Sat May 23, 2020 8:21 pm
Forum: Personal Investments
Topic: Backdoor Roth simple question
Replies: 24
Views: 1216

Re: Backdoor Roth simple question

However, I have to admit I still wonder if I'm missing something. Am I? Here's some general rules of thumb that might help: * When you are young (first 10 years of working, let's say), it is usually better to contribute to a Roth. As you gain more experience and your salary tends to go up (pushing ...
by celia
Sat May 23, 2020 6:33 pm
Forum: Investing - Theory, News & General
Topic: Examples of why NOT to hold individual stocks
Replies: 86
Views: 6554

Re: Examples of why NOT to hold individual stocks

The primary stock you should not hold is that of your employer, since if things turned bad for them, you might lose your job AND your savings AT THE SAME TIME!

This doesn't mean you shouldn't buy discounted employee stock, but you should sell it when you buy the following batch.
by celia
Sat May 23, 2020 6:01 pm
Forum: Personal Consumer Issues
Topic: Personal spending out of control after Covid-19
Replies: 118
Views: 9144

Re: Personal spending out of control after Covid-19

Since the pandemic erupted, and the kids have been home alone with me while my wife goes off to work,... This is about as far as I got. How could the kids be "home alone" if you are there? Were you hiding out in a different room? It sounds like you missed out on great opportunities to do things wit...
by celia
Sat May 23, 2020 12:16 am
Forum: Personal Consumer Issues
Topic: Should I pay $1,600 for this lawn care fix?
Replies: 44
Views: 4311

Re: Should I pay $1,600 for this lawn care fix?

I wouldn't fix it until I knew what caused the lumpiness or it might just come back. Then, what would think about the money that was spent? gophers/moles??? (leave holes behind) animals rolling in the grass/dirt (leave low spots but no holes as they wipe off insects/debris or just itch) roots (leav...
by celia
Fri May 22, 2020 6:53 pm
Forum: Personal Investments
Topic: Has anyone ever used their Emergency Fund?
Replies: 87
Views: 6712

Re: Has anyone ever used their Emergency Fund?

The reason many Bogleheads haven’t used an Emergency Fund is that they are properly insured (life, home, liability, medical), prépare a budget that includes an allowance for home/car repairs, try to stay healthy, and learn from others here that ‘life’ happens. By this time in the economic cycle, the...
by celia
Fri May 22, 2020 3:26 pm
Forum: Investing - Theory, News & General
Topic: Roth + Time vs Pretax + tax
Replies: 37
Views: 1791

Re: Roth + Time vs Pretax + tax

I agree that time is relavant. This is like looking at the absolute dollar amount of the taxes due now (for Roth) vs later (for tax-deferred). Inflation will make future dollars worth less (both in the tax bill and the part you keep). But if you can grow the investment faster than inflation, you can...
by celia
Fri May 22, 2020 4:18 am
Forum: Personal Finance (Not Investing)
Topic: Tax attorney weirdness
Replies: 40
Views: 3203

Re: Tax attorney weirdness

I have a CPA I like but I'd also like to be able to consult a tax attorney for help with strategies for minimizing future tax liability. If reducing taxes is your end goal, maybe you need to re-think your goals. Yes, you could quit your job (which would lower your taxes a lot) and just live off $10...
by celia
Thu May 21, 2020 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: Tax attorney weirdness
Replies: 40
Views: 3203

Re: Tax attorney weirdness

Can't think of a legal way to "avoid" paying taxes. Can you give one example My favorite example is that you will pay the same taxes on your yearly income if you put $6,000 in a Roth or in a taxable account. Since there is no penalty for withdrawing the Roth contributions early (should they be need...
by celia
Thu May 21, 2020 11:37 am
Forum: Personal Finance (Not Investing)
Topic: Roth conversion impact on future years' estimated taxes
Replies: 8
Views: 613

Re: Roth conversion impact on future years' estimated taxes

Glad it now makes sense on the tax withholding. However, wouldn’t you be interested in another large Roth conversion if the markets dropped a lot? That would be the perfect time to convert, regardless of your tax bracket. Think of it as if the shares are then worth half their previous price and you ...
by celia
Wed May 20, 2020 11:07 pm
Forum: Personal Finance (Not Investing)
Topic: At 30, what are some key financial milestones I should have hit?
Replies: 51
Views: 4278

Re: At 30, what are some key financial milestones I should have hit?

By 30, you should have: Learned how to obtain a job. Have a job that supports you unless you were in school/military/disabled. Have filed your own taxes yourself. Opened a checking account. If you own a car, you should have obtained auto insurance (and understand what it covers). Started repaying st...
by celia
Wed May 20, 2020 8:09 pm
Forum: Personal Investments
Topic: Inheriting an IRA this year
Replies: 10
Views: 688

Re: Inheriting an IRA this year

I suggest withdrawing at least 1/(total number of remaining withdrawal years left) each year. If the relative died this year, that means withdraw at least 1/10th this year, 1/9th next year, ... I say this because the bonds in your own tax-deferred accounts are important to remain there, to keep fut...
by celia
Wed May 20, 2020 7:42 pm
Forum: Personal Investments
Topic: Inheriting an IRA this year
Replies: 10
Views: 688

Re: Inheriting an IRA this year

First thing you need to do is to squash the growth in this inherited IRA. Make this an all-bond part of your portfolio. Compensate by switching from bonds to equities within your OWN retirement accounts. Changing the Asset Allocation in these tax-deferred accounts is not necessary if you withdraw t...
by celia
Wed May 20, 2020 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: Testamentary Trust: What age to become co-Trustee, then Trustee
Replies: 44
Views: 1886

Re: Testamentary Trust: What age to become co-Trustee, then Trustee

To me, your issues are not so much trustee questions, but rather how can someone who lives on a modest income suddenly handle $5M. They seem to be at a perfect age (and you are too as you don't appear to have started cognitive decline or loss in decision-making abilities), to start working together ...
by celia
Wed May 20, 2020 12:20 pm
Forum: Forum Issues and Administration
Topic: New bogleheads induction [Request for new subforum]
Replies: 55
Views: 3067

Re: New bogleheads induction [Request for new subforum]

And how would you enforce "newbie-ism"? What's to prevent them from posting where they currently do?

Even **I** don't follow all of the Bogle philosophy. Should I go to the newbie corner? :oops:
by celia
Wed May 20, 2020 12:13 pm
Forum: Personal Investments
Topic: Open Social Security strategy results question
Replies: 55
Views: 3617

Re: Open Social Security strategy results question

The issue of one starting SS early and a little less Roth conversions and neither starting SS early and more conversions is certainly an interesting one involving many factors. My quick analysis at this point has me leaning toward one starting SS early and a little less conversions. A couple of fac...
by celia
Wed May 20, 2020 11:47 am
Forum: Personal Finance (Not Investing)
Topic: Student debt vs investing
Replies: 37
Views: 1964

Re: Student debt vs investing

NEITHER!

You need to build up your Emergency Fund faster (unless you can live on $1,000 per month). What if your pay is cut further--like to $0?

You need a minimum of 6 months of living expenses in there, likely more in times like this.
by celia
Wed May 20, 2020 4:01 am
Forum: Personal Finance (Not Investing)
Topic: Dependent Care FSA - Balance After Leaving Job?
Replies: 9
Views: 576

Re: Dependent Care FSA - Balance After Leaving Job?

...due to the COVID situation our dependent care expenses have been minimal. Could you pay the day care provider what you would have paid and get a receipt for it (unless they filed for benefits as a small company)? When you resume day care, they may look favorably on you (such as putting you at th...
by celia
Wed May 20, 2020 3:25 am
Forum: Personal Investments
Topic: Retiring fairly young with a govt pension and trying to put together a plan
Replies: 32
Views: 3942

Re: Retiring fairly young with a govt pension and trying to put together a plan

1. Keep my 457b in Vanguard Funds and use that money if I have any emergency bills or want to make any big purchases since I can withdraw it without penalty (but of course I have to pay taxes). 2. Move my wife's 401k into a Vanguard managed account. Still trying to decide how aggressive we want it ...
by celia
Tue May 19, 2020 10:01 pm
Forum: Personal Investments
Topic: Open Social Security strategy results question
Replies: 55
Views: 3617

Re: Open Social Security strategy results question

The general concept that many of us use is to keep our Taxable Income fairly level each year from retirement until you die, so the taxes would be relatively level each year. That is not always the best strategy. For example: A single taxpayer with SS = $35,000 and RMD = $30,000 wishes to take (in a...
by celia
Tue May 19, 2020 9:27 pm
Forum: Personal Consumer Issues
Topic: Vault Safe in the attic; welded, anyone ?
Replies: 78
Views: 4030

Re: Vault Safe in the attic; welded, anyone ?

Why not just put the safe in the corner of the attic and surround it with Christmas and Halloween decorations? Do burgers really look in attics? How do they reach it unless you leave a ladder next to the opening? I would be concerned with contents not known by your heirs when you die and the house i...
by celia
Tue May 19, 2020 6:16 pm
Forum: Personal Consumer Issues
Topic: What is your most luxury/expensive hobby.
Replies: 262
Views: 19205

Re: What is your most luxury/expensive hobby.

Genealogy.

You can spend as much (or little) as you wish. It can involve genealogy software, subscriptions, conferences/speakers, photography, publishing, DNA testing, and, of course, travel.
by celia
Tue May 19, 2020 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: SS claiming strategy when younger spouse is higher earner
Replies: 12
Views: 722

Re: SS claiming strategy when younger spouse is higher earner

I think a "SS claiming strategy" is secondary to a "Roth conversion strategy".

Are you planning on having both people do Roth conversions during early retirement?
by celia
Tue May 19, 2020 6:03 pm
Forum: Forum Issues and Administration
Topic: New bogleheads induction [Request for new subforum]
Replies: 55
Views: 3067

Re: New bogleheads induction [Request for new subforum]

minimalistmarc wrote:
Thu May 14, 2020 8:22 am
Wondering if we should have a sub forum where newbies can hang out for a while until they learn the ropes rather than trying to convince the rest of us we should cash out and wait for a crash or get into bitcoin / oil futures?
And what do you think newbies will learn from other newbies?
by celia
Tue May 19, 2020 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Considerations: Marriage in your 50s/60s
Replies: 23
Views: 1832

Re: Financial Considerations: Marriage in your 50s/60s

You may (or may not) want to keep your pre-marriage assets separate, especially if there is at least one child between you. At least this is something to discuss. If either of you may (or may not) get a future inheritance, that could optionally also be kept separate. If either of you was previously ...
by celia
Tue May 19, 2020 4:45 pm
Forum: Personal Investments
Topic: Open Social Security strategy results question
Replies: 55
Views: 3617

Re: Open Social Security strategy results question

What I don't understand is under what circumstances it concludes she should start her early withdrawals at age 62 and 7 months and not age 62. When I plugged in my alternative strategy (starting her benefits at age 62), the present value difference was really small - $235 worse in my alternative. S...
by celia
Tue May 19, 2020 12:17 am
Forum: Personal Consumer Issues
Topic: Dual citizen, USA passport expiring, how to travel internationally
Replies: 72
Views: 3973

Re: Dual citizen, USA passport expiring, how to travel internationally

The way I see it is there no need for countries to issue new passports while international travel is shut down. Once covid settles down, then international travel can resume, then passport processing will re-start. Why would they issue passports now, good for 10 years, if you are prohibited for, per...
by celia
Mon May 18, 2020 7:16 pm
Forum: Investing - Theory, News & General
Topic: Social Security is an asset....yet again
Replies: 129
Views: 5689

Re: Social Security is an asset....yet again

Selling your SS would involve getting someone to give you cash in exchange for your future SS payments. If you die the day after, they get nothing. Not necessarily. If the following day was the start of a new month, the purchaser might get the benefit for the last full month that the beneficiary wa...
by celia
Mon May 18, 2020 6:03 pm
Forum: Investing - Theory, News & General
Topic: Social Security is an asset....yet again
Replies: 129
Views: 5689

Re: Social Security is an asset....yet again

How is it as asset if you die before collecting any of it?

It’s more of longevity insurance. They ‘bet’ you will die in your 70s. You ‘bet’ that you’ll live longer than that.
by celia
Mon May 18, 2020 5:52 pm
Forum: Personal Finance (Not Investing)
Topic: I work remote: Is buying a home away from a major city a major risk?
Replies: 39
Views: 4282

Re: I work remote: Is buying a home away from a major city a major risk?

Another thing to consider, especially if you are older, is where the closest hospital is and how many things can they treat without airlifting you into a big city.
by celia
Mon May 18, 2020 1:36 am
Forum: Personal Finance (Not Investing)
Topic: How to respond to poor life decision affecting job
Replies: 28
Views: 3189

Re: How to respond to poor life decision affecting job

Life is all about experiencing new things, taking chances, and having things change on us. Look at the things you experienced in the last three years that you wouldn't have experienced if you hadn't left the old job: the boyfriend was not for you, you were useful to a non-profit and even volunteered...
by celia
Sun May 17, 2020 9:10 pm
Forum: Personal Investments
Topic: Borderline personality disorder and investing
Replies: 16
Views: 1914

Re: Borderline personality disorder and investing

Fortunately, you see past the difficult part, which is recognizing your symptoms and wanting to find a way to overcome it. I agree with someone above that a target date fund would be a good start for you. Each year, let the first $6,000 you save go to a Roth IRA account where you will likely put mo...