Search found 7833 matches

by celia
Sun Jul 15, 2018 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: How to find a good CPA?
Replies: 7
Views: 449

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: 614

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: 1104

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: 449

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: 408
Views: 40064

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: 5682

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: 3260

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: 681

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: 1469

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: 1406

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: 51
Views: 3336

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: 2566

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: 2088

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: 682

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: 364

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: 951

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: 951

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: 3513

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: 3079

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: 5376

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: 346

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: 346

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: 811

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: 4036

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...
by celia
Sun Jun 24, 2018 9:26 pm
Forum: Investing - Help with Personal Investments
Topic: Fixing My Cost Basis [on inherited stocks]
Replies: 13
Views: 849

Re: Fixing My Cost Basis [on inherited stocks]

When I was a trustee settling an estate, since stocks change price all day long, my lawyer said to use the average of the lowest and highest selling price on the date of death. If the markets were not open that day, you can use the previous closing price. As far as reporting a different basis than w...
by celia
Sun Jun 24, 2018 8:51 pm
Forum: Investing - Theory, News & General
Topic: How does a guaranteed income stream affect stock/bond ratio?
Replies: 21
Views: 2035

Re: How does a guaranteed income stream affect stock/bond ratio?

The standard rule is that your income stream(s) reduce how much you have to take out of your accounts for living expenses in retirement. In your friend's case, he/she doesn't have to take anything out. In fact, he/she may end up putting some of the income INTO his savings. He will still have to deci...
by celia
Sun Jun 24, 2018 8:38 pm
Forum: Personal Finance (Not Investing)
Topic: Are you smarter than my CPA? (IRA issue)
Replies: 17
Views: 1888

Re: Are you smarter than my CPA? (IRA issue)

My understanding is that I should have ONLY paid FY 2016 taxes on the two weeks of interest that may have accrued between recharacterizing the contributions as traditional IRAs in early February 2017 and the backdoor Roth move in late February 2017. Nothing to do with the main questions, but this i...
by celia
Sun Jun 24, 2018 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Calculation Done Correctly?
Replies: 17
Views: 1457

Re: Social Security Calculation Done Correctly?

For someone who averaged $110000 dollars a year would have a pia of 9166.67. This should translate to $2811.59 a month or $33739.08 a year by my calculations. No-one retiring today is going to have an inflation-adjusted 35-year average of $110,000 because the maximum that was taxed each year had no...
by celia
Sun Jun 24, 2018 11:47 am
Forum: Personal Finance (Not Investing)
Topic: Trust Help From Cruel Stepmother
Replies: 49
Views: 7589

Re: Trust Help From Cruel Stepmother

OP, if one of you lives in the area, he should drive by the neighborhood occasionally, especially on Saturday mornings to see if there is a garage sale going on. That should be one way to get "mementos" at a bargain. Monitor Craigslist. If you have anything stored at the house or your dad had a copy...
by celia
Sun Jun 24, 2018 1:06 am
Forum: Local Chapters and Bogleheads Community
Topic: Bogleheads Are Better in the Morning
Replies: 13
Views: 2945

Re: Bogleheads Are Better in the Morning

AlohaJoe wrote:
Sat Jun 23, 2018 9:52 pm
If you're on the west coast then 10am for you is 1pm for 47% of Americans who live in the Eastern Standard Time Zone.
Interesting... What time is it for the other 53% of Americans who live in the Eastern Standard Time Zone?
by celia
Sun Jun 24, 2018 1:01 am
Forum: Local Chapters and Bogleheads Community
Topic: Bogleheads Are Better in the Morning
Replies: 13
Views: 2945

Re: Bogleheads Are Better in the Morning

I usually login to Bogleheads around ten in the morning, and then again around ten in the evening. In the morning, I usually find ten or twelve posts that I want to read, but only two or three in the evening. I see no difference dependent on time of day. I think your perception is based on during t...
by celia
Sun Jun 24, 2018 12:42 am
Forum: Personal Finance (Not Investing)
Topic: Trust Help From Cruel Stepmother
Replies: 49
Views: 7589

Re: Trust Help From Cruel Stepmother

My father has been widowed twice and married for the third time in his 80s. We children are not interested in financially supporting the third wife if he pre-deceases her but have helped take care of her as we look in on him from time to time. We would rather our father's assets be used for her care...
by celia
Sat Jun 23, 2018 11:53 pm
Forum: Personal Finance (Not Investing)
Topic: Compliments for Vanguard?
Replies: 40
Views: 3109

Compliments for Vanguard?

There have been several threads recently complaining about Vanguard. I agree with someone who recently commented in an ongoing “complaint” thread that maybe it’s time to say what we like about them instead. So here is the “compliments” thread. ...you don't know how many people have had good experien...
by celia
Sat Jun 23, 2018 10:03 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on an Inherited IRA / Beneficiaries Explanation
Replies: 7
Views: 629

Re: Advice on an Inherited IRA / Beneficiaries Explanation

It looks like there are 3 IRAs based on what you wrote. You told us how the beneficiaries are listed on one (or 2?) IRAs, but not on all of them. (Each IRA can have different beneficiaries or have "per stirpes" or not.) I understand you to say that the traditional IRAs have 3 primary beneficiaries, ...
by celia
Sat Jun 23, 2018 8:58 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited house turning into a money pit
Replies: 17
Views: 2985

Re: Inherited house turning into a money pit

I am amazed at all the work you had done for $46,000, moongazer . Although we can't see the house, I'm sure it looks a lot better already. But since we can't walk through the house with you, the real estate agents will give you a good idea of what you can expect going forward. Don't try to do it you...
by celia
Sat Jun 23, 2018 8:28 pm
Forum: Personal Finance (Not Investing)
Topic: This is ridiculously expensive LTCi, right? Or maybe not?
Replies: 78
Views: 4198

Re: This is ridiculously expensive LTCi, right? Or maybe not?

Agree with AlwaysWannaLearn that you must review the policy. I would call the carrier also. They may not speak to you without your mother being present and/or authorizing you to ask questions on her behalf. I think they WILL talk to you since someone needing the care may not be able to speak for th...
by celia
Sat Jun 23, 2018 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: This is ridiculously expensive LTCi, right? Or maybe not?
Replies: 78
Views: 4198

Re: This is ridiculously expensive LTCi, right? Or maybe not?

She has a current monthly benefit of $7,665 that increases at 4% year. Her benefit period is lifetime. $7,665*12 = $91,980 per year benefit That would be able to support a VERY nice LTC facility. How much do the nice facilities in her area cost? It may be that she will be eligible for better care t...
by celia
Sat Jun 23, 2018 7:27 pm
Forum: Personal Finance (Not Investing)
Topic: Are you smarter than my CPA? (IRA issue)
Replies: 17
Views: 1888

Re: Are you smarter than my CPA? (IRA issue)

We should clarify a few things so you are aware of the correct terminology. When you discuss this, you are likely confusing the CPA and Bogleheads when you say things that are not compatible with each other. First, in 2016, you did not do a backdoor Roth conversion , since there is no such thing. Wh...
by celia
Sat Jun 23, 2018 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: 1st Vanguard Complaint in 30 years
Replies: 21
Views: 4001

Re: 1st Vanguard Complaint in 30 years

You may not realize what happens behind the scenes. The original custodian has to confirm the RMD, if any, was taken then spilt the account into new accounts for each beneficiary. If anyone changes custodians then, it depends on the 2 custodians working in tandem. It also depends if you are having V...
by celia
Sat Jun 23, 2018 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited house turning into a money pit
Replies: 17
Views: 2985

Re: Inherited house turning into a money pit

I don’t know what to do. The realization that I am going to lose a lot of money is causing emotional and mental anguish, I have been very angry lately,... I think the first thing you need to do if you are living in the house is get away for a few days to help you focus on the bigger picture. Do you...
by celia
Sat Jun 23, 2018 12:20 am
Forum: Investing - Help with Personal Investments
Topic: Foreign Taxes paid from Foreign Index fund in 401K
Replies: 5
Views: 504

Re: Foreign Taxes paid from Foreign Index fund in 401K

There is no U.S. tax benefit on foreign taxes paid when the asset paying those taxes is in a tax-sheltered account. But if you withdraw shares of that fund in-kind (meaning you withdraw the shares themselves instead of selling them and withdrawing the cash), after those shares (of an international f...
by celia
Fri Jun 22, 2018 11:44 pm
Forum: Investing - Help with Personal Investments
Topic: How to help my teen (14) grow their savings faster?
Replies: 18
Views: 1662

Re: How to help my teen (14) grow their savings faster?

As you probably know, minors can't open accounts or sign contracts or sign legal papers. This is for their protection as they usually don't have enough life experience, knowledge, and maturity. She has no need for an emergency fund as that is the responsibility of the adults in her life, as mentione...
by celia
Fri Jun 22, 2018 1:37 pm
Forum: Personal Consumer Issues
Topic: how to make friends in new location?
Replies: 96
Views: 8388

Re: how to make friends in new location?

In his original post, the OP wrote that he was "worried about making friends for wife". Like Celia, I wondered what sort of adult would need someone to make friends on their behalf, and my first thought was someone who was not fluent in English. After reading the rest of his post, I thought it was ...
by celia
Fri Jun 22, 2018 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: Trustee for mom's estate: large reserve recommended
Replies: 21
Views: 1646

Re: Trustee for mom's estate: large reserve recommended

Also, if we do hold back such a large sum, any suggestions where it ought to be getting the best yield -- a CD, or ST bond fund? Near the end of the year, I would put the holdback in cash if it looks like the estate could be closed out in 2019. If the estate gets interest or dividends in 2019, then...
by celia
Fri Jun 22, 2018 3:51 am
Forum: Personal Finance (Not Investing)
Topic: Trustee for mom's estate: large reserve recommended
Replies: 21
Views: 1646

Re: Trustee for mom's estate: large reserve recommended

Hi there. My mom recently passed away. She left an estate worth $1m. The estate is expecting to pay about $58k in taxes on annuity disbursements in tax year 2018. I'm having a hard time understanding the tax consequences here and how taxes can be $58K for this year. It seems the worst case would be...
by celia
Thu Jun 21, 2018 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: Paper tax return filed at deadline - still no refund 7 weeks later
Replies: 25
Views: 2039

Re: Paper tax return filed at deadline - still no refund 7 weeks later

Do you remember on the filing deadline, the IRS computers crashed and extended the filing deadline an extra day for everyone? Supposedly it was because of too many people waiting until the deadline to file. (I'm in that group, too.). So instead of having their work more spread out, they were overloa...
by celia
Thu Jun 21, 2018 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: MIL passed- question about her Social Security
Replies: 22
Views: 2681

Re: MIL passed- question about her Social Security

Really! Both getting the same full SS amount! Really??? Theoretically it is possible to have more than 2 spouses claim on your work history: You are married to your first spouse from age 20 to 30. You are married to your second spouse from age 31 to 41. You are married to your third spouse from age...
by celia
Thu Jun 21, 2018 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: IRS: Great customer service?
Replies: 20
Views: 1957

Re: IRS: Great customer service?

I'd always advise sending certified mail with return request. It gets their attention because they know to a certainty that you have proof that will hold up in Tax Court if it reaches that point. As a poster in another thread once wrote, certified mail is proof that something was sent on a particul...
by celia
Thu Jun 21, 2018 11:57 am
Forum: Investing - Help with Personal Investments
Topic: Feel like I'm sinking money into international
Replies: 100
Views: 10708

Re: Feel like I'm sinking money into international

Maybe you'll want to change your mindset to be that you are buying something at a better price than the other holdings you have (sort of like being "on sale"). If the US markets took a nose dive, would you avoid buying domestic since they are not keeping up with the rest of the world? For me, THAT i...