Search found 9299 matches

by celia
Mon Jun 17, 2019 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: With hindsight, what signs indicated you were about to lose your job?
Replies: 111
Views: 8819

Re: With hindsight, what signs indicated you were about to lose your job?

The company didn't get the big contract they were bidding on.

A "consultant" is brought in to re-organize the department.
by celia
Mon Jun 17, 2019 11:52 am
Forum: Personal Finance (Not Investing)
Topic: Looking for help with my parents' finances - dad's death, RMDs, social security
Replies: 30
Views: 2216

Re: Looking for help with my parents' finances - dad's death, RMDs, social security

@Celia - ...They had taken roughly $250k out of the tIRA. My dad's adult care home was ~$10k / month, and he was there for around two years. Definitely no window to convert to rIRA this year, but being a Boglehead, this was on my mind - we will work on it during future years. You likely realize tha...
by celia
Mon Jun 17, 2019 10:56 am
Forum: Forum Issues and Administration
Topic: Why not add a "like" button to Boglehead posts?
Replies: 185
Views: 27866

Re: A way to "thank" posts

Please don't add a new post saying "thanks" or "great post" unless you are the original poster and want to acknowledge your question was answered. I cringe to think of an excellent post that is followed by 100 "Thanks" or "Great post" unless they add an additional comment to extend the topic further...
by celia
Mon Jun 17, 2019 2:40 am
Forum: Personal Finance (Not Investing)
Topic: Looking for help with my parents' finances - dad's death, RMDs, social security
Replies: 30
Views: 2216

Re: Looking for help with my parents finances - dads death, RMD’s, social security

I suggest not starting SS just yet, but call them first to collect some information. Since your dad was collecting disabililty, that amount is likely different from what his own SS would be at his own Full Retirement Age (FRA). His FRA would be 66 and hers is 66, 4 months, based on their birth years...
by celia
Sun Jun 16, 2019 1:15 am
Forum: Personal Finance (Not Investing)
Topic: IRA Withdrawal for Charity
Replies: 3
Views: 369

Re: IRA Withdrawal for Charity

(1) Does it count as part of my RMD (Required Minimum Distribution) for the year? Yes, as long as you have not yet withdrawn more than your RMD so far this year. By definition, your RMD is the first money withdrawn each year, until you meet your RMD value. (Distributions can't be converted to Roth ...
by celia
Sat Jun 15, 2019 8:21 pm
Forum: Personal Finance (Not Investing)
Topic: Do I need "Professional Trustee?"
Replies: 44
Views: 2849

Re: Do I need "Professional Trustee?"

Gill, Good to know that trust companies are regulated. It didn't impact us as the (relative) trustees were still available. We now have also re-stated our trusts. celia
by celia
Sat Jun 15, 2019 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: Do I need "Professional Trustee?"
Replies: 44
Views: 2849

Re: Do I need "Professional Trustee?"

A corporation, by its very nature, has a perpetual existence, unlike an individual. It does not go on vacation, become ill or die. It offers experience, group judgment, independence and a wide range of skills among its directors, officers and employees. It is impartial when dealing with beneficiari...
by celia
Sat Jun 15, 2019 4:50 pm
Forum: Investing - Theory, News & General
Topic: How have your homes as investments done?
Replies: 213
Views: 21009

Re: How have your homes as investments done?

We bought our house in So California in 1976, a few years before prop 13 was voted in. (At that time, we knew teachers whose property tax was more than their salary and it was impossible to plan your future with the huge yearly property tax increases, so we revolted against the state!) We originally...
by celia
Sat Jun 15, 2019 1:16 pm
Forum: Personal Investments
Topic: Vanguard Financial Plan requires Brokerage Account? Bait and switch?
Replies: 45
Views: 2685

Re: Vanguard Financial Plan requires Brokerage Account? Bait and switch?

If we have a joint mutual fund account with a transfer on death beneficiary, will the TOD beneficiary remain if I update to the new brokerage platform? When you upgrade to the new platform, your account is rolled over to a new brokerage account number unless the account was already a brokerage acco...
by celia
Sat Jun 15, 2019 12:33 pm
Forum: Personal Consumer Issues
Topic: Best SIM card for travel in Europe?
Replies: 38
Views: 2572

Re: Best SIM card for travel in Europe?

I use Tracfone when I’m not at home using WiFi. They have a plan I haven’t used yet where you use your current unlocked SIM card and just add international minutes and data into your existing phone.
by celia
Fri Jun 14, 2019 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: Has an executor of an estate had difficulty receiving tax refund of deceased
Replies: 6
Views: 397

Re: Has an executor of an estate had difficulty receiving tax refund of deceased

Instead of requesting that the refund go into a recently opened account, I would have requested a check be sent to me and I would have deposited it. I would have also filed his return for his home state, instead of yours. Not filing the IRS forms showing you are the representative/executor with the ...
by celia
Fri Jun 14, 2019 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: Dental/Vision Insurance for Baby
Replies: 33
Views: 1340

Re: Dental/Vision Insurance for Baby

$198 per pay period just for dental? At those premiums I think I would strongly consider self insuring given most dental plans cap out at $1500 per year per person and premium requires you to almost max it out to break even +1 Even if a family member needs more than $1500 of covered dental expenses...
by celia
Fri Jun 14, 2019 7:30 pm
Forum: Personal Investments
Topic: Fidelity customer service
Replies: 15
Views: 1357

Re: Fidelity customer service

If i ran Fidelity investments, I would have someone monitoring this forum, and you would have heard from them already. How would that work since we are supposedly anonymous here? FYI, Twice in my life, I've had to contact the Vanguard CEO for problems that were not being resolved. The CEO's resolut...
by celia
Fri Jun 14, 2019 7:22 pm
Forum: Personal Finance (Not Investing)
Topic: Do I need "Professional Trustee?"
Replies: 44
Views: 2849

Re: Do I need "Professional Trustee?"

Because Dynasty Trusts can theoretically "last forever", there are probably some unique issues involved that the typical lawyer/trustee might not understand. I don't know enough about them to comment one way or the other, but, to me, the question might instead be: Do your parents NEED a Dynasty Trus...
by celia
Thu Jun 13, 2019 1:27 pm
Forum: Personal Consumer Issues
Topic: Retired at 35 and have no friends :(
Replies: 113
Views: 10669

Re: Retired at 35 and have no friends :(

In another thread a while ago, someone suggested getting a dog and walk him twice a day as a way to meet people. There's something about an animal that some people go out of their way to meet it and you. I had a next door neighbor for a while who loved animals and used to work for a veterinarian. Wh...
by celia
Wed Jun 12, 2019 11:58 pm
Forum: Personal Finance (Not Investing)
Topic: RMD and expected life span
Replies: 30
Views: 2614

Re: RMD and expected life span

The dollar amount of the RMD will go down if the account losses plus the lower balance from the prior year RMD more than offset the higher RMD %. Alan, Instead of comparing dollar values to percentages in the same sentence, I think it is simpler to say: The account value (and thus the following yea...
by celia
Wed Jun 12, 2019 10:55 pm
Forum: Non-US Investing
Topic: Estate Planning US Citizen Resident in US: Estate Beneficiaries Indian Citizens
Replies: 14
Views: 1181

Re: Estate Planning US Citizen Resident in US: Estate Beneficiaries Indian Citizens

Agreed, I am fine with paying taxes but want to avoid gotchas that instantly create a burden - for example it is simple for a citizen to inherit an IRA and "stretch" withdrawals for the most favorable tax treatment. Finding a custodian willing to grant the same privileges to a non-citizen may be a ...
by celia
Wed Jun 12, 2019 9:32 pm
Forum: Personal Investments
Topic: I think I found someone to ask about retirement plans....
Replies: 21
Views: 2684

Re: I think I found someone to ask about retirement plans....

I will let others comments on your investment portfolio. I would like to comment on the sailing goal, health insurance, and retirement accounts. I am an overworked medical (veterinary) professional & small business owner, age 58. I would like to sell my responsibilities asap and stop working for a w...
by celia
Tue Jun 11, 2019 7:37 pm
Forum: Non-US Investing
Topic: Estate Planning US Citizen Resident in US: Estate Beneficiaries Indian Citizens
Replies: 14
Views: 1181

Re: Estate Planning US Citizen Resident in US: Estate Beneficiaries Indian Citizens

I’m sure the IRS will want their share when any 401K withdrawals are made. After all, the taxes are being DEFERRED, not eliminated. They will also want to know the tax ID/ SSN of the person taking the withdrawals.
by celia
Tue Jun 11, 2019 7:25 pm
Forum: Investing - Theory, News & General
Topic: Info request on your withdrawals in retirement
Replies: 13
Views: 1755

Re: Info request on your withdrawals in retirement

I’m not sure how any of OUR data would help you as we are not typical of the U.S. population. We self-select to participate here and tend to have above-average incomes when working and thus more in savings / retirement plans when retired.
by celia
Tue Jun 11, 2019 7:12 pm
Forum: Personal Finance (Not Investing)
Topic: RMD and expected life span
Replies: 30
Views: 2614

Re: RMD and expected life span

Without getting political, a few months ago I read that a government agency was tasked with looking into this. So, potential changes could happen (or not) at any time.
by celia
Tue Jun 11, 2019 7:02 pm
Forum: Personal Finance (Not Investing)
Topic: Laminating important documents - a good idea?
Replies: 34
Views: 2414

Re: Laminating important documents - a good idea?

The items in our wallets can get pretty ragged so we made a COPY of the cards we want to carry in a wallet and laminated them.
by celia
Mon Jun 10, 2019 6:24 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Three Fund Portfolio Question for Retired Bogleheads
Replies: 7
Views: 1477

Re: Vanguard Three Fund Portfolio Question for Retired Bogleheads

For retired Bogleheads that only have the standard Vanguard 3 Fund portfolio (VTSAX, VBTLX, VTIAX) and S.S. - (no pensions). I am interested to know: are you living off of just the dividends and interest only, or just withdrawing from your portfolio or a combination of both? What are you trying to ...
by celia
Mon Jun 10, 2019 7:14 am
Forum: Personal Finance (Not Investing)
Topic: Please critique my budget
Replies: 8
Views: 865

Re: Please critique my budget

Is some/all of your savings going into TIRA, Roth IRA? Why is the 20% savings limited to 2-2.5% growth?

Did you include taxes as part of your living expenses? (You would incur them even if you weren’t a saver.)
by celia
Sat Jun 08, 2019 1:36 am
Forum: Personal Investments
Topic: Question about RMDs from inherited IRA
Replies: 23
Views: 1533

Re: Question about RMDs from inherited IRA

Think ahead to next January when the tax forms are issued. To have the estate be responsible for the taxes, they would need to take this year’s RMD. One problem is that if there are multiple beneficiaries, some of them may be in a low bracket, and it may make more sense for the beneficiaries to take...
by celia
Sat Jun 08, 2019 1:18 am
Forum: Personal Investments
Topic: Is a Roth 401k right for me?
Replies: 28
Views: 2136

Re: Is a Roth 401k right for me?

I think the 401k should be all invested in Roth for the time being. If you are likely making the lowest income now, compared to future years, this is the time to max out the Roth 401k contributions. When you move up into higher tax brackets, you can then scale back to tax-deferred for the tax saving...
by celia
Wed Jun 05, 2019 9:45 pm
Forum: Personal Consumer Issues
Topic: Being given charity that I don't need
Replies: 45
Views: 3534

Re: Being given charity that I don't need

You want to turn down the ‘senior citizen’ discount?

(You’re a citizen, aren’t you? :) )
by celia
Wed Jun 05, 2019 9:38 pm
Forum: Personal Investments
Topic: Retired Income Investors: What do you do with dividends/interest in an IRA?
Replies: 5
Views: 601

Re: Retired Income Investors: What do you do with dividends/interest in an IRA?

...what do you do about the dividends/interest generated in your tax-advantaged account? Do you withdraw them and pay ordinary income tax prior to your RMD years? There’s nothing special about dividends or interest in pre-tax or post-tax accounts. Those dollars are treated like all the other dollar...
by celia
Wed Jun 05, 2019 9:28 pm
Forum: Personal Consumer Issues
Topic: Does a big family need 2 big cars? Question for 3 kid+ families
Replies: 58
Views: 3655

Re: Does a big family need 2 big cars? Question for 3 kid+ families

> wife says: "What if the van goes in the shop?" Find people who go to the same schools/work and learn to car pool temporarily when one of your cars (new friend’s or yours) is being worked on. A co-worker who lived further from work than I did would take a bus to my place, then we’d ride together. ...
by celia
Wed Jun 05, 2019 7:39 pm
Forum: Personal Finance (Not Investing)
Topic: Would you buy a house without a garage?
Replies: 95
Views: 5916

Re: Would you buy a house without a garage?

The garage issue would depend on the part of the country and if most people there use public transportation (or not). The bathroom is a bigger issue, in my opinion. I would always consider how a future buyer would like the house when buying from me. Are you willing to have your house sit for a year ...
by celia
Wed Jun 05, 2019 7:30 pm
Forum: Personal Finance (Not Investing)
Topic: Required Minimum Distributions
Replies: 57
Views: 4564

Re: Required Minimum Distributions

Ron: Are you saying that basically whatever distributions spin off the investments is the only amount you take as RMDs? No selling underlying funds? That would mean (when the time comes) I need to cancel automatic reinvestment in pretax accounts and have it as cash. Am I understanding this right? M...
by celia
Wed Jun 05, 2019 6:49 pm
Forum: Personal Finance (Not Investing)
Topic: Suggestions on fraudulent medical bill
Replies: 88
Views: 6070

Re: Suggestions on fraudulent medical bill

I had a hospital admission in April during which the admitting hospitalist physician came into my ER room, said "Hi, I'm Dr. Smith . We'll be admitting you for XYZ , you'll probably be here 2 or 3 days, OK?" And left with taking any verbal history or doing ANY exam; the guy stood with his arms cros...
by celia
Tue Jun 04, 2019 2:35 am
Forum: Personal Finance (Not Investing)
Topic: Required Minimum Distributions
Replies: 57
Views: 4564

Re: Required Minimum Distributions

That bring up a concern I had not previously thought about. When the beneficiary is not the spouse, but other real people, how do the RMD's get taken as the IRA now belongs to one or more beneficiaries, not to the decedent's estate. In my case, my sister and I are the beneficiaries. Do we each with...
by celia
Mon Jun 03, 2019 8:16 pm
Forum: Personal Investments
Topic: Is Investing in Roth IRA worth it?
Replies: 21
Views: 2200

Re: Is Investing in Roth IRA worth it?

I just wanted to comment that no-one "invests in a Roth IRA". You, instead, invest in a security, mutual fund, bond, or whatever you choose. The investment is irrelevant because the Roth IRA is a "container", a "title" on an account indicating that the assets in the account were purchased using cont...
by celia
Sun Jun 02, 2019 5:02 pm
Forum: Personal Finance (Not Investing)
Topic: Required Minimum Distributions
Replies: 57
Views: 4564

Re: Required Minimum Distributions

There is no “best” way to take RMDs. It is different for everyone’s goals and situation. As for us, our goal was to not have to take any since it would push us into a higher tax bracket and we didn’t need the money for living expenses anyway. So we converted most of it in early retirement until DH i...
by celia
Sun Jun 02, 2019 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: Whaddyagunna do? 7 months and still no safety deposit box inventory!
Replies: 6
Views: 1917

Re: Whaddyagunna do? 7 months and still no safety deposit box inventory!

“Substantial amount of cash” could mean a coin collection or foreign currency or autographed bills**, or valuable antique currency. You are probably looking at it as emptying out your wallet to count all your money when it could be some kind of unique cash that someone just doesn’t carry around ever...
by celia
Sun Jun 02, 2019 3:52 pm
Forum: Personal Investments
Topic: Just Got a Call From Fidelity
Replies: 55
Views: 7648

Re: Just Got a Call From Fidelity

Cool. You can call back to say, "Never call me again." In other news, my son got a letter from Vanguard threatening to kick him out of Voyager Select status which is amusing since he's never had more than $3,000 at Vanguard in his entire life. Yes, both my kids got the same letter with an offer to ...
by celia
Sun Jun 02, 2019 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: Settlor / Grantor for this trust
Replies: 17
Views: 723

Re: Settlor / Grantor for this trust

The title of the trust often gives a clue as to the “owner” = grantor = settler, but doesn’t have to have a person’s name in it. For example, the trust could be called any of these titles: The John Doe Trust dated mmddyyyy The John and Mary Doe Trust The Doe Family Trust or something else as discuss...
by celia
Sat Jun 01, 2019 5:11 pm
Forum: Personal Investments
Topic: 8606 - Pro Rata Rule for IRA to Roth IRA Conversions
Replies: 17
Views: 629

Re: 8606 - Pro Rata Rule for IRA to Roth IRA Conversions

The friend is about to get a lesson on doing taxes correctly. As long as the friend corrects everything in a timely manner, penalties can be avoided. Taxes would still be due on the Roth conversion though as the pro rata rule uses the value of all the funds in all the IRAs the taxpayer had that year...
by celia
Wed May 29, 2019 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: Estate planning - can I require only RMDs for inherited Roth IRA?
Replies: 46
Views: 2261

Re: Estate planning - can I require only RMDs for inherited Roth IRA?

I think your desired goals are very risky. Besides not yet having some of your descendants not existing yet, nor know what the rules will be when they inherit, there are too many unknowns. Even your existing children may have a financial need to spend your Roth distributions after you die. For examp...
by celia
Tue May 28, 2019 1:12 am
Forum: Personal Finance (Not Investing)
Topic: Blended Family Issues and Keeping Things Equal
Replies: 38
Views: 3275

Re: Blended Family Issues and Keeping Things Equal

Why do you want to leave the share for the first two kids to your parents? Their grandkids (your oldest kids) likely won't end up with anything. Just leave it to the kids directly and, if they are minors when you die, someone will take care of the money for them, like their mother. If you share join...
by celia
Tue May 28, 2019 12:18 am
Forum: Personal Finance (Not Investing)
Topic: Estate Planning question risk of DNA services with half brother relatives filing against estate
Replies: 48
Views: 3850

Re: Estate Planning question risk of DNA services with half brother relatives filing against estate

I have two friends, two second cousins, one third cousin, two first cousins, two second cousins in special needs trust, nine people suppose to get estate... I wanted to do per Capita as oppose to per Stripes stirpes which means everyone gets an equal share, ... If you own things that can't be easil...
by celia
Fri May 24, 2019 11:04 pm
Forum: Personal Finance (Not Investing)
Topic: Understanding the Wiki - Traditional versus Roth
Replies: 10
Views: 775

Re: Understanding the Wiki - Traditional versus Roth

This wiki page is being discussed in another thread where it and another wiki page are being overhauled. That sentence is being considered for change. See the discussion here: viewtopic.php?f=2&t=281352
by celia
Fri May 24, 2019 10:47 pm
Forum: Personal Consumer Issues
Topic: How Do You Organize Your Flash Drives?
Replies: 39
Views: 2690

Re: How Do You Organize Your Flash Drives?

I have started organizing my backups by who will need/want the files on it after we die. For example, one flash drive contains our estate planning, finances, and medical data and will go to our trustee/POA. Another flash drive contains a genealogy project I'm working on that will be of interest to a...
by celia
Wed May 22, 2019 11:39 pm
Forum: Investing - Theory, News & General
Topic: Delaying social security = harming nest egg?
Replies: 74
Views: 6239

Re: Delaying social security = harming nest egg?

Yes, we still have to take RMD's, but those actually come from our December distributions ... Ron, could you clarify? This sounds like you take Required Minimum Distributions from year-end dividends in the IRA. If so, what do you own in the IRA that generates those large dividends? The RMD is used ...
by celia
Wed May 22, 2019 7:29 pm
Forum: Investing - Theory, News & General
Topic: Will a financial pro be WILLING to run your SWR plan after cognitive decline?
Replies: 67
Views: 4359

Re: Will a financial pro be WILLING to run your SWR plan after cognitive decline?

I'll have enough in a ROTH IRA to cover somebody in nursing care for a couple or years, or to pass down to our kids, or for an unexpected splurge. If you have anything left in tax-deferred when it is time to go to nursing care, wouldn’t it be better to start spending down more of that instead of Ro...
by celia
Wed May 22, 2019 7:05 pm
Forum: Personal Consumer Issues
Topic: Do you have hardwood or tile in your kitchen?
Replies: 70
Views: 7477

Re: Do you have hardwood or tile in your kitchen?

Yes and yes
Tile for the black splash
Hardwood for the cabinets
Vinyl flooring
Zodiac countertops
by celia
Tue May 21, 2019 9:57 pm
Forum: Investing - Theory, News & General
Topic: Delaying social security = harming nest egg?
Replies: 74
Views: 6239

Re: Delaying social security = harming nest egg?

Some of us delay Social Security in order to give more room in our tax brackets for Roth conversions. That isn't necessarily "harming the nest egg" since you are building a Roth account where every dollar will be spendable. Money not in the Roth will be subject to some kind of taxes. So spend some t...
by celia
Tue May 21, 2019 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: Very High Net Worth, elite private or “good” public
Replies: 278
Views: 17948

Re: High net worth, elite private or “good” public

Get the best education that money can buy if you can afford it. Potentially the highest lifetime returns per dollar spent. :D I generally agree with this, but paying $30k per year for 13 years (K-12) seems like a steep cost to recover , if you can get basically the same thing for free (not really f...