Search found 7858 matches

by celia
Mon Jul 23, 2018 11:53 am
Forum: Investing - Help with Personal Investments
Topic: Please help me simplify my Portfolio
Replies: 5
Views: 513

Re: Please help me simplify my Portfolio

I have a hard time just understanding what you currently have, even though you have laid it out. For this simplification analysis, it doesn't matter which custodian is used, but the type of account matters. (You can buy/sell in 401Ks and IRAs without any tax implications.) It appears you have one ac...
by celia
Mon Jul 23, 2018 10:46 am
Forum: Personal Finance (Not Investing)
Topic: Looking for post-mortum financial advisor
Replies: 6
Views: 655

Re: Looking for post-mortum financial advisor

Be aware that depending on how many years there are before you die, the advisor you meet today, may no longer be working at the time you die. Even if you have recently retired, you could live another 30 years. Since people typically have a 30 to 40 year working career (assuming they live that long),...
by celia
Mon Jul 23, 2018 10:26 am
Forum: Personal Finance (Not Investing)
Topic: Guilt at buying nice things for myself
Replies: 11
Views: 1262

Re: Guilt at buying nice things for myself

It's ok to buy nice things for yourself but it can become a problem if you keep doing it when you already have everything you need and don't have places to put it. Why not allocate a budget category for these discretionary expenses and set a fixed monthly dollar limit on it. Then you will see that i...
by celia
Mon Jul 23, 2018 10:00 am
Forum: Personal Consumer Issues
Topic: Engineers come in.
Replies: 63
Views: 3101

Re: Engineers come in.

I was a math major as it was a "natural fit" for me. But I, and everyone else in the classes I met, did not cruise through any of the classes. It took lots of study and stretching of the brain. Since I changed colleges during the first 2 years of calculus and went from a semester system to a trimest...
by celia
Mon Jul 23, 2018 9:40 am
Forum: Investing - Theory, News & General
Topic: Journal article on stocks in retirement accounts / bonds in taxable
Replies: 7
Views: 975

Re: Journal article on stocks in retirement accounts / bonds in taxable

The problem I have with that article is that they don't distinguish between tax-deferred and post-tax (Roth) retirement accounts. To me, they are vastly different. I think that is one reason we don't use the term "tax-advantaged" accounts very much in this forum. I even think of tax-deferred as "tax...
by celia
Sun Jul 22, 2018 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: What have been your experiences in purchasing a plot of land to build a someday home?
Replies: 17
Views: 1696

Re: What have been your experiences in purchasing a plot of land to build a someday home?

We are looking at a small parcel of land (about .5 acre) in a lakefront community. The sale price for the land is under $1,000 and sits on a 2nd tier lot with rights to lake access. The yearly cost with HOA fees and property taxes is $1,000. The all-in-cost to purchase and pay for the perc test fee...
by celia
Sun Jul 22, 2018 2:38 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth with TDA
Replies: 5
Views: 272

Re: Backdoor Roth with TDA

You usually need to send in or complete online forms if this is the first account of its kind at the broker. Once you have one traditional or Roth IRA, the "attributes" from that account can be carried over to another account of the same type. For example, beneficiary and your address/phone will pro...
by celia
Sun Jul 22, 2018 2:16 pm
Forum: Investing - Help with Personal Investments
Topic: My meeting with the Vanguard PAS [Personal Advisor Services]
Replies: 18
Views: 2190

Re: My meeting with the Vanduard PAS

I see no relationship between one's working income and retirement income, even if staying in the same house. Some people may want to travel more, have expensive hobbies, or health issues that make their expenses go up. Others, like us, have the mortgage paid off, kids are grown and gone, and the ret...
by celia
Sun Jul 22, 2018 12:24 pm
Forum: Personal Consumer Issues
Topic: JFK Traverlers: How to go from NJ to JFK and the opposite?
Replies: 48
Views: 1979

Re: JFK Traverlers: How to go from NJ to JFK and the opposite?

Thanks for your unsolicited advice, but since you have no idea about the purpose of the trip, and since you don't know what these bags are for, so I am sorry to disappoint you, your advice is unfortunately worthless! Thanks for the new info. Depending on what the luggage contains, you might want to...
by celia
Sun Jul 22, 2018 11:53 am
Forum: Personal Finance (Not Investing)
Topic: Buy house for retired mother?
Replies: 57
Views: 3079

Re: Buy house for retired mother?

Gotchas? The mother says "I'll move when the jack booted sheriff shows up and clubs me over the head with an aluminum baseball bat". Maybe she doesn't want to leave. Maybe she can live just fine with 150% of the medium income for a family of 4 supporting just herself. Maybe even a new Jaguar lease ...
by celia
Sun Jul 22, 2018 11:39 am
Forum: Personal Consumer Issues
Topic: JFK Traverlers: How to go from NJ to JFK and the opposite?
Replies: 48
Views: 1979

Re: JFK Traverlers: How to go from NJ to JFK and the opposite?

You live in NJ and are asking those who don't live there? We were just there and there is a shuttle bus that goes between Newark airport and JFK, if that works for you. Also dump half that luggage. You will not need most of it. Two of us once were in Europe for 6 weeks with 2 backpacks and 2 carry-o...
by celia
Sun Jul 22, 2018 12:39 am
Forum: Investing - Help with Personal Investments
Topic: Need advice on establishing Roth accounts
Replies: 3
Views: 433

Re: Need advice on establishing Roth accounts

Thank you Celia, that all makes sense. I hate letting tax uncertainty prevent me from action, which seems like what has held me back til now. I'm conflicted about rolling my tIRA into a non VG plan so maybe your ideas make the most sense at this point.. I don't know why you are conflicted about rol...
by celia
Sat Jul 21, 2018 10:10 pm
Forum: Personal Finance (Not Investing)
Topic: Buy house for retired mother?
Replies: 57
Views: 3079

Re: Buy house for retired mother

There may be state, federal, or local laws about charging family members below market rents. Have you researched them? Unless the OP was trying to claim a business loss resulting from below market rent to family members, I've never heard of any laws that would prohibit this. But state and especiall...
by celia
Sat Jul 21, 2018 9:59 pm
Forum: Personal Finance (Not Investing)
Topic: Buy house for retired mother?
Replies: 57
Views: 3079

Re: Buy house for retired mother?

My divorced 69 year-old mother retired last year. Her pension and SWR from her retirement funds will net her ~$75k per year. This will allow her to get by, but it will be tight. She has 300k in home equity and still owes about $100k on her mortgage. We would prefer she be able to access this equity...
by celia
Sat Jul 21, 2018 9:02 pm
Forum: Investing - Help with Personal Investments
Topic: At what level of wealth should you start setting up a Trust?
Replies: 14
Views: 2024

Re: At what level of wealth should you start setting up a Trust?

At what level of wealth should you start setting up a Trust? Ours was set up once we had our second kid and owned a home. Networth was not a consideration. The main driver was to ensure that kids are taken care of by someone we trust if something happens to both of us +1 In addition we didn't like ...
by celia
Sat Jul 21, 2018 3:06 pm
Forum: Investing - Help with Personal Investments
Topic: Need advice on establishing Roth accounts
Replies: 3
Views: 433

Re: Need advice on establishing Roth accounts

I suggest you do numbers 1 and 2 first. Each Roth conversion will increase your taxable income, so you may want to watch jumping into the next tax bracket. Regardless, the 30K tIRA, even if taxed partly at a higher rate, will allow one backdoor Roth to be done and #2 will allow the other backdoor Ro...
by celia
Sat Jul 21, 2018 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: Appears that Medicare Guaranteed Issue Plan F will be replaced with G
Replies: 37
Views: 2583

Re: Appears that Medicare Guaranteed Issue Plan F will be replaced with G

https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&cad=rja&uact=8&ved=0ahUKEwjJ6pGrmqzcAhWK8YMKHTU9D-8QFggoMAA&url=https%3A%2F%2Fwww.naic.org%2Fdocuments%2Fcmte_b_senior_issues_related_macra_faq_2018.pdf&usg=AOvVaw0NHGMtLvZO3tijBGY7sJEF I guess I'll have to share this information with ...
by celia
Sat Jul 21, 2018 1:51 pm
Forum: Investing - Help with Personal Investments
Topic: Should I Dump a Pile of Money on Young Son?
Replies: 126
Views: 8751

Re: Should I Dump a Pile of Money on Young Son?

However, you can small opportunities to spoil him. If he mentions a girl give him $200 for a nice date. If he brings home his car take it the mechanic. If I was his GF, I'd wonder why his parent(s) are paying for his dates and paying for his other expenses. He sure doesn't sound like he could take ...
by celia
Sat Jul 21, 2018 1:06 pm
Forum: Investing - Help with Personal Investments
Topic: $800,000 Windfall. Love the 3-Fund portfolio approach. Wealth Managers in contact
Replies: 33
Views: 3956

Re: $800,000 Windfall. Love the 3-Fund portfolio approach. Wealth Managers in contact

My main concern is: Do wealth managers make sense when the market seems to be close to a downturn? Or are index funds still the long term move? I'm nervous that I seem to be entering the market with a relatively large amount of money during what seems to be close to the end of a very long bull run....
by celia
Fri Jul 20, 2018 10:55 pm
Forum: Investing - Help with Personal Investments
Topic: CD's within Roth?
Replies: 5
Views: 427

Re: CD's within Roth?

Although you can certainly put a CD in a Roth account (such as at a bank), I suggest taking advantage of the Roth's tax-free growth feature (assuming the account is open at least 5 years and you are over 50.5 when you withdraw) and put a stock fund in there instead, unless your asset allocation is a...
by celia
Fri Jul 20, 2018 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: Changing address for Social Security after a death
Replies: 10
Views: 660

Re: Changing address for Social Security after a death

If your MIL was already collecting SS and your FIL collected more, they will change her amount to be what he was collecting (more or less, depending on if either waited to collect until FRA or not). If she was already collecting, she was already getting tax forms and will continue to get them, but n...
by celia
Fri Jul 20, 2018 7:16 pm
Forum: Investing - Help with Personal Investments
Topic: Should I Dump a Pile of Money on Young Son?
Replies: 126
Views: 8751

Re: Should I Dump a Pile of Money on Young Son?

OP, this is likely me stating the obvious, but hopefully it is understood that when someone disclaims an inheritance, that person doesn't get to select who does get it. This is what I was going to start with, too. OP, if you were a co-heir with your siblings (for example), it is likely that if you ...
by celia
Wed Jul 18, 2018 9:10 am
Forum: Personal Finance (Not Investing)
Topic: Buy a vacation home while renting
Replies: 61
Views: 3543

Re: Buy a vacation home while renting

The plan would be to buy a house to escape the city. Would you rather have a daily "escape" place you could go to or a once-a-month "escape" place that you had to travel hours to reach? I ask this because I am currently on vacation in a big, noisy, dirty, city with lots of things to do. The trash p...
by celia
Tue Jul 17, 2018 11:37 pm
Forum: Personal Consumer Issues
Topic: Why own a bed?
Replies: 140
Views: 9106

Re: Why own a bed?

Caduceus wrote:
Mon Jul 16, 2018 10:41 am
Are there any good reasons to own a bed? Why not just sleep on a mattress on the floor...
If the mattress has sheets and a blanket on it, I'd consider it a bed, even if the mattress is on the floor.
by celia
Tue Jul 17, 2018 11:15 pm
Forum: Investing - Theory, News & General
Topic: New Vanguard Security Code Requirement
Replies: 79
Views: 6534

Re: New Vanguard Security Code Requirement

...I actually do daily monitoring. Not to make changes or react, but just to monitor for unauthorized transactions or errors (across all financial accounts, not just retirement). Daily monitoring??? Just to look for unauthorized transactions??? Sounds like 2FA would be useful for you. Just think of...
by celia
Sun Jul 15, 2018 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: How to find a good CPA?
Replies: 7
Views: 478

Re: How to find a good CPA?

If you have an outsider review your books or belong to local business associations, ask them for recommendations for taxes. Otherwise, I would ask enrolled agents if they've done taxes for companies such as yours and what was the most complicated part for them. Look at your past returns to see what ...
by celia
Sun Jul 15, 2018 8:58 pm
Forum: Personal Finance (Not Investing)
Topic: College funds spendown...
Replies: 6
Views: 691

Re: College funds spendown...

Have you (and your spouse, if married) already talked to both of them about the types of colleges there are, how they cost different amounts, and how it impacts the family finances? For example, there are 4-year public universities and colleges, 2-year public colleges, 4-year private universities an...
by celia
Sun Jul 15, 2018 7:55 pm
Forum: Investing - Help with Personal Investments
Topic: What to sell for Mom's RMD
Replies: 15
Views: 1160

Re: What to sell for Mom's RMD

Aside from selling managed funds that have a large Expense Ratio (which is a good idea), other reasonable goals would to be sell the smaller holdings to simplify the portfolio or to sell individual stocks that compromise over 5 or 10% of the portfolio to increase diversity in types of holdings acros...
by celia
Sun Jul 15, 2018 7:30 pm
Forum: Personal Finance (Not Investing)
Topic: How to find a good CPA?
Replies: 7
Views: 478

Re: How to find a good CPA?

Why do you want a CPA to help you file your taxes? Many are not familiar with income taxes, nor provide tax planning. Do you have an unusual situation or need tax planning advice or own a business? An enrolled agent who is trained in preparing taxes would likely be better for filing taxes. But the s...
by celia
Sun Jul 15, 2018 4:23 pm
Forum: Local Chapters and Bogleheads Community
Topic: Post your Financial Milestone Announcements Here
Replies: 424
Views: 41702

Re: I think I hit 100k on retirement milestone?

Checked my account on mint today and I see that it hit 100k. . . . To be honest it doesn't really feel any different that I hit this milestone. . . The is very impressive if you could save 100k in 4 years. Let it compound for 4 more years while you save that much again. Rinse and repeat. Know that ...
by celia
Mon Jul 09, 2018 9:53 am
Forum: Investing - Help with Personal Investments
Topic: Any Dry Powder Strategies?
Replies: 103
Views: 5815

Re: Any Dry Powder Strategies?

If nearing or recently retired, consider using some of the extra cash to pay taxes on Roth conversions. Think about how those assets can grow tax-free instead. To help decide if and how much to convert, consider what your taxes will be like after you are taking SS and RMDs. Converting will lower you...
by celia
Mon Jul 09, 2018 9:18 am
Forum: Personal Consumer Issues
Topic: What do you pay for home services?
Replies: 55
Views: 3304

Re: What do you pay for home services?

$0

We put in native landscaping that takes care of itself (except yearly weeding before weed seeds ripen). It is better for the environment and outdoor critters and saves time and money. We have a drip system to do the watering since we are drought prone.
by celia
Mon Jul 09, 2018 1:27 am
Forum: Personal Consumer Issues
Topic: Options after COBRA ends? Cal-COBRA or Guaranteed Issue or ?
Replies: 6
Views: 689

Re: Options after COBRA ends? Cal-COBRA or Guaranteed Issue or ?

Do you have an employer plan where you can add her as a dependant?

Have you called any carriers to ask about getting an individual plan? They no longer ask about pre-existing conditions although her age will give her a higher-than-average premium.
by celia
Fri Jul 06, 2018 10:01 pm
Forum: Personal Consumer Issues
Topic: Any advice health insurance options for healthy 23 year old male in US seeking political asylum?
Replies: 19
Views: 1477

Re: Any advice health insurance options for healthy 23 year old male in US seeking political asylum?

The simplest thing would be to ask his employer if medical insurance is offered and sign up for that.

But he still needs a backup plan for when he leaves the employer. For example, has he called up an insuarance company such as Kaiser or Blue Cross to inquire about an individual plan?
by celia
Tue Jul 03, 2018 1:48 am
Forum: Investing - Theory, News & General
Topic: Does the ROTH IRA force us to rebalance in January?
Replies: 24
Views: 1411

Re: Does the ROTH IRA force us to rebalance in January?

No, you are never "forced" to re-balance, in January or any other month.

But some people think about it in January possibly because that is when they get the year-end balances for the previous year. (Many people never or rarely sign into their accounts.)
by celia
Fri Jun 29, 2018 10:33 pm
Forum: Personal Finance (Not Investing)
Topic: Adding a trust to your homeowner's policy
Replies: 56
Views: 3633

Re: Adding a trust to your homeowner's policy

The original poster said his home is in trust (which I assume is revocable). Generally the concern with a revocable trust is getting assets/funds going in, not out. There is a desire for assets to be funded into the trust to avoid probate administration, among other things. In this case, I think th...
by celia
Wed Jun 27, 2018 6:42 pm
Forum: Personal Consumer Issues
Topic: Gifting trip for inlaws
Replies: 22
Views: 2586

Re: Gifting trip for inlaws

Have you ever gone to see the local sights with them? Concerts in the park, fireworks show, local theater, a parade, ethnic celebration where they can try food they've never had. It won't be so expensive and they may not like everything you try, but they won't know unless they try it. Then they can ...
by celia
Wed Jun 27, 2018 5:48 pm
Forum: Personal Finance (Not Investing)
Topic: Another should we buy this So. Cal house thread...
Replies: 42
Views: 2141

Re: Another should we buy this So. Cal house thread...

Combined income: 305K ... Total morgage with taxes, insurance, mello roos (kill me now) and HOA (also kill me): $4,800 If you multiply $5,000 a month by 12, you are paying $60K per year, plus utilities. (I suppose most of the utilities would be covered in the $5,000-$4,800 = 200 extra.) $60K is 1/5...
by celia
Wed Jun 27, 2018 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Distribute Trust Assets After Death of Beneficiary
Replies: 7
Views: 694

Re: Distribute Trust Assets After Death of Beneficiary

I am named as one of the remainder beneficiaries , along with her two daughters. Due to a greater than expected draw-down to pay her expenses, my portion no longer exists, ... Why would your portion be zero but not that of the co-beneficiaries? Were you left a specific amount under certain conditio...
by celia
Tue Jun 26, 2018 4:57 pm
Forum: Investing - Help with Personal Investments
Topic: Help! converting traditional IRA in order to Back Door ROTH
Replies: 5
Views: 373

Re: Help! converting traditional IRA in order to Back Door ROTH

If you want to simplify even more, here's what you can do: step 0) Ask 401K custodian if they accept contributions from a traditional IRA. [This would also be the final step if they didn't accept it.] (It is up to you/DW to confirm there are no non-deductible contributions included, too.) 1) Roll ov...
by celia
Tue Jun 26, 2018 1:45 am
Forum: Investing - Help with Personal Investments
Topic: Multiple mega-backdoor Roth 401k -> IRA conversions
Replies: 18
Views: 975

Re: Multiple mega-backdoor Roth 401k -> IRA conversions

What exactly do you mean by "1099 income"? This page describes all the sources that can give you a 1099. But to contribute to a Solo 401K, the income that qualifies as a contribution is from self-employment, as an independent contractor or doing work for clients (who issue you a 1099). Do you have t...
by celia
Tue Jun 26, 2018 12:52 am
Forum: Investing - Help with Personal Investments
Topic: Multiple mega-backdoor Roth 401k -> IRA conversions
Replies: 18
Views: 975

Re: Multiple mega-backdoor Roth 401k -> IRA conversions

Anything I am missing here? Thank you! Well, I think **I** am missing something here. Let's see if I understand. You have a new job where the employer has a 401K that accepts Roth contributions. It also accepts post-tax contributions. And it also accepts pre-tax contributions. You want to max out t...
by celia
Mon Jun 25, 2018 10:23 pm
Forum: Personal Consumer Issues
Topic: Please help find these shoes for an old lady
Replies: 32
Views: 3568

Re: Please help find these shoes for an old lady

It may be difficult to find another shoe with the exact same pattern on the top as the designs probably change every year or two. You probably want to find a similar shoe that has everything that's below the foot area the same as these. You might want to take side photos too. When the big toe is sep...
by celia
Mon Jun 25, 2018 10:11 pm
Forum: Personal Consumer Issues
Topic: university admission issue
Replies: 27
Views: 3113

Re: university admission issue

Is this the case of being accepted into a university but not the "major" or "program" one wanted? If they had taken both the university and program prerequisites and did well in them, would they have been able to start the program without taking a detour for the prerequisites? Hopefully, the individ...
by celia
Mon Jun 25, 2018 9:17 pm
Forum: Personal Consumer Issues
Topic: I've been swindled!
Replies: 21
Views: 5406

Re: I've been swindled!

You could sue him in small claims court but if you don't live locally, it will probably cost you more than you've already lost and there is no guarantee you would still get anything back. You could contact the place where you found his "ad" or however you found out about him. They won't give you any...
by celia
Mon Jun 25, 2018 6:13 pm
Forum: Personal Finance (Not Investing)
Topic: When to use a trust protector or other options
Replies: 6
Views: 355

Re: When to use a trust protector or other options

Parents …...with desire for them to use a low cost, passive investment strategy, perhaps Vanguard or similar company to manage investments. How do you envision capuring this "desire" within the trust? I would be careful to avoid equating "Vanguard" (as a company) with "low cost, passive investment ...
by celia
Mon Jun 25, 2018 6:05 pm
Forum: Personal Finance (Not Investing)
Topic: When to use a trust protector or other options
Replies: 6
Views: 355

Re: When to use a trust protector or other options

Your use of the term "trust protector" is not my understanding of what they are there to do. I understand that they can be a mediator between trustees that disagree or beneficiaries that disagree. They can "change" the trust if laws change or something was left out or situations change. But they are...
by celia
Mon Jun 25, 2018 12:16 am
Forum: Personal Consumer Issues
Topic: Q on appealling Medicare surcharge
Replies: 6
Views: 817

Re: Q on appealling Medicare surcharge

Appealing the surcharge is not an area I am very familiar with. But based on what you've written, here are my comments: Going into Medicare and seems my "torpedo" will be a fairly large one for the first couple of years. However, I believe I experienced "life-changing events" that permit me to appea...
by celia
Sun Jun 24, 2018 11:25 pm
Forum: Personal Consumer Issues
Topic: House seller fudging disclosure re: buried oil tank?
Replies: 36
Views: 4052

Re: House seller fudging disclosure re: buried oil tank?

Now the seller’s disclosure states “I don’t know” next to the question about a buried oil tank. We are running far, far away from this listing. If I knew what you previously knew about this house, if the seller said "no", THEN I would bring it to the seller's agent's attention. The "I don't know" t...