Search found 7996 matches

by celia
Wed Aug 15, 2018 5:08 pm
Forum: Investing - Help with Personal Investments
Topic: Are inherited MF shares considered covered or non-covered?
Replies: 5
Views: 161

Re: Are inherited MF shares considered covered or non-covered?

Your inherited share cost basis was supposed to be adjusted automatically by Vanguard. There is no such a thing as covered vs. noncovered as far as inherited shares are concerned. Vanguard even has a form (https://personal.vanguard.com/pdf/v115.pdf ) to let you request for cost basis adjustment. Th...
by celia
Wed Aug 15, 2018 4:51 pm
Forum: Investing - Help with Personal Investments
Topic: Are inherited MF shares considered covered or non-covered?
Replies: 5
Views: 161

Re: Are inherited MF shares considered covered or non-covered?

I inherited some Vanguard mutual fund shares from my dad a couple of years ago . I watched closely as Vanguard moved them from his account to mine (I did get the correct number of shares), but I failed to verify that the Cost Basis was entered into my Cost Basis Summary correctly – which should hav...
by celia
Tue Aug 14, 2018 11:45 pm
Forum: Investing - Help with Personal Investments
Topic: Roth and Social Security
Replies: 7
Views: 916

Re: Roth and Social Security

The most that SS can be taxed is 85% of it being taxed. At least 15% of SS will be tax-free. For people who already have 85% of their SS taxed, withdrawals from tIRA will also be taxed, but that won't change how much of their SS is taxed (since they are already at the maximum).
by celia
Tue Aug 14, 2018 11:30 pm
Forum: Personal Consumer Issues
Topic: As an American, where are some great places in the world to retire?
Replies: 78
Views: 5281

Re: As an American, where are some great places in the world to retire?

Instead of starting with a potential location, why not follow some process that ends with a location? What I would do is list the criteria you MUST have. Then list the criteria that you WANT it to have. And list what it MUST NOT have and what you DON'T WANT it to have. You can even weight the posit...
by celia
Tue Aug 14, 2018 2:53 am
Forum: Investing - Help with Personal Investments
Topic: Newly retired - need to make a big change
Replies: 34
Views: 5217

Re: Newly retired - need to make a big change

I also called Allianz and learned my annuity can be cashed in for full price for a $40 fee - I'll wait on that til it's tax-efficient. There may be a time limit for being able to un-do the purchase. They obviously won't let you wait a year to un-do your annuity since they will then expect their com...
by celia
Tue Aug 14, 2018 12:22 am
Forum: Investing - Theory, News & General
Topic: Vanguard Account Unavailable - Anyone Else?
Replies: 4
Views: 723

Re: Vanguard Account Unavailable - Anyone Else?

OP, try again. At night, they update accounts and do maintenance on the computer systems. Some accounts may be locked for a short while for various kinds of processing.

If you still can't on, check again in the morning, then call them, if need be.
by celia
Mon Aug 13, 2018 11:26 pm
Forum: Personal Consumer Issues
Topic: What is the best way to determine if one should buy something or save their money?
Replies: 29
Views: 1704

Re: What is the best way to determine if one should buy something or save their money?

I often decide to wait a few months to see if I still want it. Usually I forget about the item in 2 or 3 days, so end up not buying it. If I'm still thinking about it 3 months later, I'll get it. But recently, I just bought a couple of things I regretted almost as soon as I got home. For example, I...
by celia
Mon Aug 13, 2018 11:18 pm
Forum: Investing - Help with Personal Investments
Topic: Asked my advisor about fees and here's their reply
Replies: 40
Views: 5105

Re: Asked my advisor about fees and here's their reply

...Also, trade fees [$20] are only relevant if we are changing your allocation or you are making a deposit or withdrawal.... Please tell me you didn't sign up for automatic payroll deposit of $500 or more and it was split up into all your 20 or so funds. If that was happening each month, let's say,...
by celia
Mon Aug 13, 2018 8:54 pm
Forum: Investing - Help with Personal Investments
Topic: wich bond fund for roth and taxable if no ira's
Replies: 5
Views: 417

Re: wich bond fund for roth and taxable if no ira's

If you use a Target fund or LifeStrategy, you probably know they are funds that contain other funds. Look up the description of the fund you would buy to see what they hold and use the %stocks, %bonds, and %international to mentally divide up the money in the Target/LifeStrategy in the same percenta...
by celia
Mon Aug 13, 2018 8:29 pm
Forum: Personal Consumer Issues
Topic: What is the best way to determine if one should buy something or save their money?
Replies: 29
Views: 1704

Re: What is the best way to determine if one should buy something or save their money?

I often decide to wait a few months to see if I still want it. Usually I forget about the item in 2 or 3 days, so end up not buying it. If I'm still thinking about it 3 months later, I'll get it. But recently, I just bought a couple of things I regretted almost as soon as I got home. For example, I...
by celia
Mon Aug 13, 2018 8:17 pm
Forum: Personal Consumer Issues
Topic: Should I Do This? [borrow from relative to pay off loan]
Replies: 55
Views: 2777

Re: Should I Do This? [borrow from relative to pay off loan]

It doesn't make sense to me that you would take out a new loan to pay off an existing one. Will the interest rate be the same? Will your relative be able to report your payments to the credit reporting companies so your credit score can go up? What will the penalty be (besides bad feelings) if you s...
by celia
Mon Aug 13, 2018 12:38 am
Forum: Investing - Help with Personal Investments
Topic: RMD's: take distributions vs selling
Replies: 35
Views: 2368

Re: RMD's: take distributions vs selling

Who says you have to sell? Transfer in kind Or if you can't do that, then sell in IRA, no tax cost , take distribution and repurchase in taxable. Haven't sold low at all. I don't understand. Unless you have $$$ already in taxable to cover taxes due, you have to pay FIT (and possibly state/local inc...
by celia
Mon Aug 13, 2018 12:31 am
Forum: Investing - Help with Personal Investments
Topic: RMD's: take distributions vs selling
Replies: 35
Views: 2368

Re: RMD's: take distributions vs selling

If you are in an enviable position of withdrawing only because of RMD, i.e., you don't need it for expense, is there any advantage of accumulating cash? You may move whatever in your account, preferably equity, for RMD to a taxable account. Or you may sell and buy a similar fund back in a taxable a...
by celia
Sun Aug 12, 2018 11:50 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard updated 1099 in August!
Replies: 28
Views: 1939

Re: Vanguard updated 1099 in August!

So, I am on pins and needles - what was the name of the fund? The exact fund/holding is likely irrelevant or it would have been found much earlier as it would have impacted all shareholders of the fund. It is probably due to a certain combination of events such as selling at the one year mark inste...
by celia
Sun Aug 12, 2018 11:36 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard updated 1099 in August!
Replies: 28
Views: 1939

Re: Vanguard updated 1099 in August!

It is the taxpayer's responsibility to ensure they have all the tax forms and that they are correct (as far as they can tell). Don't you do a cursory comparison between the dividends, interest, capital gains they receive each year and what the tax forms report? Uhh, no. I figure their computer gets...
by celia
Sun Aug 12, 2018 11:24 pm
Forum: Investing - Help with Personal Investments
Topic: Newly retired - need to make a big change
Replies: 34
Views: 5217

Re: Newly retired - need to make a big change

In regards to one spouse taking a spousal benefit from SS, if both spouses are about the same age, it appears that the person with the higher PIA should hold off until 70. At/after their Full Retirement Age (FRA), they file and suspend (I think this is where your birthday determines if you are eligi...
by celia
Sun Aug 12, 2018 11:13 pm
Forum: Investing - Help with Personal Investments
Topic: Newly retired - need to make a big change
Replies: 34
Views: 5217

Re: Newly retired - need to make a big change

Before you pull taxable funds away from SEI, find out what the long and short term gains/losses are for this year. In particular, what tax form will they send you and what should be the numbers be on it? You will need to take this into account when looking for the top of the 12% bracket. If you do c...
by celia
Sun Aug 12, 2018 10:58 pm
Forum: Personal Finance (Not Investing)
Topic: personal injury lawsuit
Replies: 23
Views: 1838

Re: personal injury lawsuit

Can't you focus on your health for now, asking your doctors to take extra notes. After you are better, you could pursue the lawsuit.
by celia
Sun Aug 12, 2018 10:48 pm
Forum: Investing - Help with Personal Investments
Topic: Newly retired - need to make a big change
Replies: 34
Views: 5217

Re: Newly retired - need to make a big change

while reading a Boglehead wiki post - https://www.bogleheads.org/wiki/Asset_allocation_in_multiple_accounts - I realized that the scenario I mentioned in my last post will only work if the two funds have equal value. My basic question, though, still stands - would the AA in my scenario be considere...
by celia
Sun Aug 12, 2018 9:57 pm
Forum: Investing - Help with Personal Investments
Topic: Keeping track of 401k and roth 401k contributions while doing rollovers
Replies: 2
Views: 187

Re: Keeping track of 401k and roth 401k contributions while doing rollovers

Roll the Roth 401K over to a Roth IRA first (at any custodian). After that settles and looks correct, roll the remainder to tIRA. You don't have to keep the contributions and growth separate since they will be taxed (or not) the same when the money is withdrawn. Note that if you are still employed, ...
by celia
Sun Aug 12, 2018 9:49 pm
Forum: Investing - Theory, News & General
Topic: Vanguard to offer non-Vanguard ETFs commission-free
Replies: 199
Views: 17667

Re: Vanguard to offer non-Vanguard ETFs commission-free

I put in an order today to buy a non-Vanguard ETF and the commission was still shown.
by celia
Sun Aug 12, 2018 9:28 pm
Forum: Investing - Help with Personal Investments
Topic: Helping Parents with Retirement
Replies: 24
Views: 2069

Re: Helping Parents with Retirement

My overall point is that you might want to encourage them to be a bit thriftier now to leave more in assets for your mother later. (I am in the no way suggesting that this will be an easy conversation to have.) Since the dad is in poor health, he is not likely to be doing much spending, other than ...
by celia
Sun Aug 12, 2018 9:18 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard updated 1099 in August!
Replies: 28
Views: 1939

Re: Vanguard updated 1099 in August!

It is the taxpayer's responsibility to ensure they have all the tax forms and that they are correct (as far as they can tell). Don't you do a cursory comparison between the dividends, interest, capital gains they receive each year and what the tax forms report? Then if the tax forms are wrong, you c...
by celia
Sun Aug 12, 2018 4:00 am
Forum: Personal Finance (Not Investing)
Topic: How to have “what if” discussion with retired parents?
Replies: 48
Views: 4239

Re: How to have “what if” discussion with retired parents?

However, they are from a generation/culture where they don’t really want to talk about “what if” situations in the future as it would be regarded as not something appropriate to talk about. Why do finances have to be a "taboo" subject? Did they ever talk to the kids around the dinner table about bu...
by celia
Sun Aug 12, 2018 12:08 am
Forum: Investing - Help with Personal Investments
Topic: Helping Parents with Retirement
Replies: 24
Views: 2069

Re: Helping Parents with Retirement

Reading between the lines, you will likely be doing your parents' tax returns now. It can't hurt to look at a 2018 estimate now. I would start by looking at their 2017 return and the supporting documents. Start by seeing if there are other sources of income you weren't aware of. Figure out what tax...
by celia
Sat Aug 11, 2018 10:59 pm
Forum: Investing - Help with Personal Investments
Topic: Preparing for a bear market
Replies: 43
Views: 4967

Re: Preparing for a bear market

You might be interested in a recent blog post by Vanguard:

Why it's so hard to predict the next bear market.
by celia
Sat Aug 11, 2018 4:29 am
Forum: Investing - Help with Personal Investments
Topic: Brokerage Account for Minor
Replies: 17
Views: 899

Re: Brokerage Account for Minor

Not sure I want to lock up her money until Age 59 (or at least not all of it). What a lot of Bogleheads do is fund the Roth for their child and let the child do what they want with their earnings. So, with your help, you can contribute to her Roth (up to the amount she earned or $5,500, whichever i...
by celia
Sat Aug 11, 2018 4:13 am
Forum: Investing - Help with Personal Investments
Topic: Preparing for a bear market
Replies: 43
Views: 4967

Re: Preparing for a bear market

I know I should not take advise from relatives or the popular press, but both my brother in law and today’s New York Times (The Big, Dangerous Bubble in Corporate Debt) have me worried that this may not be the time to reallocate to bonds as the best way of reducing our risk if there is a downturn. ...
by celia
Sat Aug 11, 2018 4:07 am
Forum: Personal Finance (Not Investing)
Topic: Should I accept a large cash gift from my mother?
Replies: 41
Views: 4710

Re: Should I accept a large cash gift from my mother?

She really sold more properties than was ideal this year -- my guess is she'll be in the 32% marginal bracket -- but she wanted to get rid of the hassle and there were people actively soliciting her to sell to them. My guess is she'll sell the remaining properties over the next couple of years (may...
by celia
Sat Aug 11, 2018 3:46 am
Forum: Investing - Help with Personal Investments
Topic: Newly retired - need to make a big change
Replies: 34
Views: 5217

Re: Newly retired - need to make a big change

Welcome to the forum. Don't do anything yet. You likely will get a range of opinions here (with rationale) for you to consider. There are two "bad" things with this current portfolio, as you likely know. First is that the rule of thumb for making your assets last a lifetime is that you should only w...
by celia
Fri Aug 10, 2018 8:37 pm
Forum: Investing - Help with Personal Investments
Topic: Where to invest after 401k is full
Replies: 16
Views: 1895

Re: Where to invest after 401k is full

1. Then look at all of your traditional IRAs and add up all the non-deductible contributions. 2. Move that amount into a new traditional IRA in a MM account (so it won't change value during this process). 3. Roll over the remaining traditional IRAs to the 401k. 4. Convert the non-deductible contrib...
by celia
Fri Aug 10, 2018 1:22 pm
Forum: Investing - Help with Personal Investments
Topic: Where to invest after 401k is full
Replies: 16
Views: 1895

Re: Where to invest after 401k is full

The backdoor Roth discussion is interesting, but I have too much to consider it. In particular I saddled myself with a rookie mistake decades ago by combining deductible and non-deductible contributions into a traditional IRA. Generally I don't think you can roll such into a 401k of any origin. Wel...
by celia
Fri Aug 10, 2018 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: Should I accept a large cash gift from my mother?
Replies: 41
Views: 4710

Re: Should I accept a large cash gift from my mother?

Is she properly insured? Besides medical, are all her remaining properties insured for the correct amount and does she have liability insurance? With renters in the properties, there is the chance of damage (either from them or from weather) and for being sued if someone falls/gets hurt. She has a l...
by celia
Thu Aug 09, 2018 3:55 pm
Forum: Investing - Help with Personal Investments
Topic: Excellent Vanguard Service!
Replies: 8
Views: 1703

Re: Excellent Vanguard Service!

I am kinda confused by the post since it doesnt really explain whether this was a Vanguard issue that caused the under-reporting of income or whether you interpreted information that Vanguard sent you incorrectly or neither. I don't know how Vanguard can figure out under-reported income unless it i...
by celia
Thu Aug 09, 2018 3:14 pm
Forum: Investing - Theory, News & General
Topic: The Most Googled Money Terms in America
Replies: 16
Views: 2197

Re: The Most Googled Money Terms in America

I believe it, what is common in one state will not be in others based on general economic conditions, peers, individual expectations, current news events local to them. For example, Kentucky has a major pension crisis, no surprise they are googling “pension”. NJ it seems has a love affair with driv...
by celia
Thu Aug 09, 2018 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Saving Enough for Retirement vs Vacation Home
Replies: 36
Views: 3495

Re: Saving Enough for Retirement vs Vacation Home

We do go on vacations about 5-7 times a year(3 or 4 night trips and also a couple week long trips) so we are used to spending money on vacations. To increase your savings, how about cutting back on out-of-town vacations and get a summer job for a couple of summers. You have a good start on savings ...
by celia
Thu Aug 09, 2018 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: How to Respond to a "Proposed Amount Due" Notice From IRS
Replies: 15
Views: 1826

Re: How to Respond to a "Proposed Amount Due" Notice From IRS

Write them a letter showing them the documentation for item 1. Agree with them on item 2 and calculate the tax by adding $3,000 to your taxable income (line 43) and looking up what the tax liability would be for that amount. Include a check for the difference. That should theoretically stop the cloc...
by celia
Thu Aug 09, 2018 12:01 pm
Forum: Investing - Theory, News & General
Topic: The Most Googled Money Terms in America
Replies: 16
Views: 2197

Re: The Most Googled Money Terms in America

That looks like "fake news" to me. When you click on the map of the states, each state supposedly has a different financial term that is most searched. Really? Fifty common financial phrases and every state picks a different one? Even Rhode Island, a tiny state doesn't have the same search as one of...
by celia
Thu Aug 09, 2018 6:11 am
Forum: Personal Finance (Not Investing)
Topic: Personal liability issues as a result of hiring uninsured & unlicensed handyman
Replies: 33
Views: 3506

Re: Personal liability issues as a result of hiring uninsured & unlicensed handyman

Nolo.com says: What Does it Mean to be Judgment Proof? When a creditor sues you and gets a money judgment against you, it has a variety of methods it can use to collect on that money judgment. A creditor can garnish your wages, place a levy on your bank account , and/or place a lien against any rea...
by celia
Thu Aug 09, 2018 5:53 am
Forum: Personal Finance (Not Investing)
Topic: Biggest Threats to Financial Well-Being
Replies: 99
Views: 8848

Re: Biggest Threats to Financial Well-Being

lack of an education or employable skills
disability (can be worse than death since some of your income may be needed for the disability, in addition to regular living expenses)
lack of proper insurance(s)--medical, auto, homeowners, liability, etc
by celia
Thu Aug 09, 2018 1:25 am
Forum: Investing - Help with Personal Investments
Topic: Help with rollover into IRA and future retirement plans
Replies: 47
Views: 2497

Re: Help with rollover into IRA and future retirement plans

Thank you, folks. Can I get confirmation on my approach below? Change my contributions to my company Roth 401k to traditional 401k. Use additional money in take-home income to invest in Roth IRA. Roll traditional 401k form previous employer to current employer. Roll Roth 401k from previous employer...
by celia
Thu Aug 09, 2018 1:05 am
Forum: Personal Finance (Not Investing)
Topic: Huge mortgage mistake
Replies: 58
Views: 8296

Re: Huge mortgage mistake

What is the mistake? The 30-year loan is advantageous if you should want/need to live on one income sometime during the life of the loan. (Life happens and you never know when you will be out of work. DH and I were laid off at the same time for a year and survived by having lower mortgage payments.)...
by celia
Thu Aug 09, 2018 12:46 am
Forum: Investing - Help with Personal Investments
Topic: Should I rollover Vanguard 401k to IRA?
Replies: 3
Views: 277

Re: Should I rollover Vanguard 401k to IRA?

If you are in a low tax bracket (compared to what you expect later in your careers) and you are thinking of converting it to Roth, then roll it over to a tIRA and start converting. However, if you foresee that you might not be eligible to contribute to a Roth because your family's earned income is t...
by celia
Wed Aug 08, 2018 7:54 pm
Forum: Investing - Help with Personal Investments
Topic: Help with rollover into IRA and future retirement plans
Replies: 47
Views: 2497

Re: Help with rollover into IRA and future retirement plans

Thank you for the links! That was very informative. I was aware of the company match being tax-deferred so I was only interested in converting the Roth 401k contributions to a Roth IRA.... You are eligible to rollover not only the contributions made to the Roth 401K, but also the growth on those co...
by celia
Wed Aug 08, 2018 7:34 pm
Forum: Personal Finance (Not Investing)
Topic: Adjusting Roth contributions - income above limit
Replies: 19
Views: 772

Re: Adjusting Roth contributions - income above limit

So is it still OK to recharacterize contributions made to a Roth IRA? Yes. When you recharacterize, it is like the contribution was made to the traditional IRA originally. Therefore the growth in the Roth that can be attributed to this year's contribution will also be recharacterized. It will end u...
by celia
Tue Aug 07, 2018 11:07 pm
Forum: Investing - Help with Personal Investments
Topic: Take the capital gains hit in order to go index?
Replies: 9
Views: 1197

Re: Take the capital gains hit in order to go index?

Estimating gross income at $250 per year starting in 2020. But what tax bracket will you be taxed in then? Compare that to your current tax bracket. (SS does weird things to your tax bracket, since it is not taxed if your income is low, then some of it is taxed--while making some otherwise tax-free...
by celia
Tue Aug 07, 2018 10:56 pm
Forum: Investing - Help with Personal Investments
Topic: Help with rollover into IRA and future retirement plans
Replies: 47
Views: 2497

Re: Help with rollover into IRA and future retirement plans

Do you think it is smart to go 100% VTSAX for the Roth IRA's (at least to start)? That is a good choice and will give you a good amount of growth over the long term (but not necessarily each year) in an account where the growth will not be taxed (as long as the account has been opened at least 5 ye...
by celia
Tue Aug 07, 2018 10:41 pm
Forum: Investing - Help with Personal Investments
Topic: Help with rollover into IRA and future retirement plans
Replies: 47
Views: 2497

Re: Help with rollover into IRA and future retirement plans

Our wiki page about the 401(k) discusses pros and cons of some of the things you are asking about. I would like to remind you that although you may have made Roth contributions to a 401(k), the employer's match for those contributions had to go into the tax-deferred part of the account. So rolling o...
by celia
Tue Aug 07, 2018 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: Looking for a pep talk
Replies: 26
Views: 3034

Re: Looking for a pep talk

I agree with others that your analysis or calculations do not seem correct. I've been tracking our year-end net worth for about 30 years. (I, too, like to see if we are making progress. And the spreadsheet is a good estate planning tool and will help our future executor/trustee to see where our asse...
by celia
Tue Aug 07, 2018 3:42 am
Forum: Personal Finance (Not Investing)
Topic: step-up basis after a spouse's passing
Replies: 26
Views: 2414

Re: step-up basis after a spouse's passing

So, I asked them what the heck is the purpose of the "Community property account"? Community Property account: 50% goes to the surviving spouse (can request a step-up as above), and other 50% goes to the estate. I discovered this a few years ago. I live in a community property state and wanted to e...