Search found 7270 matches

by celia
Tue Jan 23, 2018 6:02 am
Forum: Personal Finance (Not Investing)
Topic: Family dilemma involving wills/trusts
Replies: 1
Views: 204

Re: Family dilemma involving wills/trusts

There's no need to "protect" the inheritance. It should be spent on good care for the mother. When she dies and if there is money left over, only THEN will there be an inheritance for her kids.
by celia
Mon Jan 22, 2018 3:54 am
Forum: Personal Finance (Not Investing)
Topic: Contacting store after urgent care visit?
Replies: 20
Views: 2158

Re: Contacting store after urgent care visit?

FYI, I learned an easy way to get a splinter out, if part of it is sticking out from the skin--cover it with duct tape (which is strong and sticky), then pull in the direction you want it to come out! Works well if you are camping and have duct tape around instead of tweezers.
by celia
Mon Jan 22, 2018 3:19 am
Forum: Personal Finance (Not Investing)
Topic: Discussing a 529 with your kids
Replies: 73
Views: 4310

Re: Discussing a 529 with your kids

Personally I'd be thrilled if they did a stint in the military before heading off to school, but that's another story. LOL. We only had some college money saved for the oldest as we were still paying K-12 tuition for the others. The oldest went to a military academy and later used the saved UGMA mo...
by celia
Mon Jan 22, 2018 2:53 am
Forum: Investing - Theory, News & General
Topic: Vanguard opens special offices for $1 million clients
Replies: 95
Views: 19812

Re: Vanguard opens special offices for $1 million clients

Flagship Customers Only ... Interesting that only 60,000 out of 25 million Vanguard clients are Flagship. The vocabulary was 60,000 "clients" and 25,000,000 "accounts". I assume I am one "client" ... who has two accounts: trust and traditional IRA. 60,000/25,000,000 = 0.24% Good "catch", PotatoHead...
by celia
Mon Jan 22, 2018 2:06 am
Forum: Investing - Theory, News & General
Topic: Merger between brokerage
Replies: 4
Views: 420

Re: Merger between brokerage

I agree with 123. It is said even better than what I was going to write.
by celia
Mon Jan 22, 2018 12:03 am
Forum: Investing - Help with Personal Investments
Topic: Opinions on 65 year old's portfolio
Replies: 11
Views: 1436

Re: Opinions on 65 year old's portfolio

However I think I may need some one-on-one guidance creating a roadmap in terms of Roth conversions and other tax efficiencies. Is this something Vanguard could do? Probably not. The way that I see it is that financial advisors who are currently working have not experienced early retirement yet nor...
by celia
Sun Jan 21, 2018 3:30 pm
Forum: Personal Consumer Issues
Topic: Passport renewal and usage- what's the scoop?
Replies: 32
Views: 2443

Re: Passport renewal and usage- what's the scoop?

A renewal is basically a new passport. You can use it immediately. If you still have time left on the old passport, basically you lose it since the ten year clock starts over on the new passport. If you send in the old passport when renewing, it appears that the new one comes faster since you have a...
by celia
Sun Jan 21, 2018 1:05 pm
Forum: Investing - Help with Personal Investments
Topic: Opinions on 65 year old's portfolio
Replies: 11
Views: 1436

Re: Opinions on 65 year old's portfolio

(deleted duplicate post)
by celia
Sun Jan 21, 2018 1:01 pm
Forum: Investing - Help with Personal Investments
Topic: Opinions on 65 year old's portfolio
Replies: 11
Views: 1436

Re: Opinions on 65 year old's portfolio

(deleted duplicate post)
by celia
Sun Jan 21, 2018 2:28 am
Forum: Investing - Help with Personal Investments
Topic: Opinions on 65 year old's portfolio
Replies: 11
Views: 1436

Re: Opinions on 65 year old's portfolio

This was a little hard for me to read, partly because you used a different style in formatting than we recommend, and partly because you have a lot of non-Vanguard funds and you didn't give their Expense Ratios (ERs). If you go back to edit your post for these two things, you might get more response...
by celia
Sat Jan 20, 2018 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: Father inlaw taxes: pension taxation
Replies: 19
Views: 1855

Re: Father inlaw taxes: pension taxation

CA resident: https://www.lexisnexis.com/legalnewsroom/tax-law/b/stateandlocaltaxation/archive/2013/07/22/california-residency-for-income-tax-purposes.aspx NY resident: https://www.tax.ny.gov/pit/file/pit_definitions.htm Also see http://www.law.cuny.edu/admissions/tuition/CUNY-Residency.pdf Note that...
by celia
Sat Jan 20, 2018 9:14 pm
Forum: Investing - Theory, News & General
Topic: Fear of dying with too much money?
Replies: 137
Views: 7611

Re: Fear of dying with too much money?

Here are some of the post's downsides to dying with too much money. 1. It means you worked longer than you needed to. 2. It might mean that you deprived yourself of some pleasures by being too frugal. 3. Perhaps there are other people who could have benefited from your income but did not. 4. You mi...
by celia
Sat Jan 20, 2018 9:01 pm
Forum: Personal Finance (Not Investing)
Topic: Can Roth conversions count as RMDs?
Replies: 27
Views: 1664

Re: Can Roth conversions count as RMDs?

No, but you can convert AFTER you withdraw your RMD each year.

If you don't need the RMD, you can always give it to charity by following Qualified Charitable Donation (QCD) rules, then convert. Neither you nor the charity will have to pay taxes on the QCD.
by celia
Sat Jan 20, 2018 2:45 am
Forum: Personal Finance (Not Investing)
Topic: Contacting store after urgent care visit?
Replies: 20
Views: 2158

Re: Contacting store after urgent care visit?

These are good lessons for your daughter on when things should be reported, looking out for others, how insurance companies work, liability of businesses, etc. I don't see anything that she did wrong, so I don't know why she is embarrassed. Yes, it doesn't look good to have splinters sticking out of...
by celia
Sat Jan 20, 2018 2:16 am
Forum: Personal Finance (Not Investing)
Topic: Mother In Law's new boyfriend...
Replies: 28
Views: 3304

Re: Mother In Law's new boyfriend...

One potential problem is that even if the marriage works out well is that later on he could get dementia and spend 15 years in a nursing home and she could be required to deplete her assets and then outlive her money. Putting her assets in a trust might be better than a prenuptial agreement for thi...
by celia
Fri Jan 19, 2018 4:21 am
Forum: Investing - Help with Personal Investments
Topic: New guy with a question
Replies: 4
Views: 501

Re: New guy with a question

Did you see this wiki page: https://www.bogleheads.org/wiki/Tax-efficient_fund_placement ? WhiteCoatInvestor's comment is true only when you withhold the taxes from the traditional IRAs withdrawals/conversions. I prefer to look at it as the taxes should be paid from your taxable account or current i...
by celia
Fri Jan 19, 2018 4:08 am
Forum: Personal Finance (Not Investing)
Topic: How will or might nonprofits be affected by tax law changes?
Replies: 36
Views: 1794

Re: How will or might nonprofits be affected by tax law changes?

Here's another take:

Do you know, by any chance, if the donors recently turned 70.5? If the checks were not written from their personal checking accounts, there is the possibility they are QCDs (Qualified Charitable Donations).
by celia
Fri Jan 19, 2018 3:57 am
Forum: Personal Consumer Issues
Topic: Short Commute or Nicer House?
Replies: 142
Views: 7054

Re: Short Commute or Nicer House?

#1 if you will be renting

#3 if you will be buying (there's nothing limiting you to only 2 choices)
by celia
Fri Jan 19, 2018 3:50 am
Forum: Personal Finance (Not Investing)
Topic: Someone Needs To Pay For What They Did (Advice sought)
Replies: 32
Views: 4550

Re: Someone Needs To Pay For What They Did (Advice sought)

Let's see. This increased temperature happened a month ago and you just noticed it today. So you had the heat on for about 35 days. If the billing period ended around Dec 31 (just guessing here), you would have a high bill for December. (It takes a week or two for the bill to be generated and sent o...
by celia
Thu Jan 18, 2018 11:55 pm
Forum: Personal Finance (Not Investing)
Topic: Lifetime learning tax credit..whats the catch?
Replies: 14
Views: 977

Re: Lifetime learning tax credit..whats the catch?

Oh, one question..I have a duplex but by my records I'm going to be showing a loss or breaking even this year and next, and this goes a long way to limiting my "income". By breaking even on expenses on the Schedule E, I'm then able to report $0 income on the 1040 and thus the credit worksheet, corr...
by celia
Thu Jan 18, 2018 7:45 pm
Forum: Investing - Help with Personal Investments
Topic: Does my rollover IRA count for pro-rata calculations?
Replies: 13
Views: 488

Re: Does my rollover IRA count for pro-rata calculations?

The year-end balances in traditional IRAs , rollover IRAs , SEP IRAs , and SIMPLE IRAs are all considered. This includes accounts at all custodians in which the person has accounts. Inherited traditional IRAs are not included as they are subject to different RMD rules and cannot be converted. The IR...
by celia
Thu Jan 18, 2018 1:58 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Advisor Bullied Me
Replies: 32
Views: 4749

Re: Vanguard Advisor Bullied Me

Beatnik, I have one idea that may explain what has happened. Are you by any chance a minor and have a large inheritance now? It is ok for minors to post here and we will take that into account, if that is your situation. But, legally, minors cannot open financial accounts on their own. The deceased,...
by celia
Wed Jan 17, 2018 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: Should I Cash Out my NML Whole Life Insurance?
Replies: 45
Views: 2994

Re: Should I Cash Out my NML Whole Life Insurance?

afan, I think I need life insurance for my wife and (hopefully) 2 future children I will have over the course of the next 5 years, so that in case I die they have enough to cover mortgage, college, etc. I've done calculations using that NY Times online calculator and I believe $800K should be enoug...
by celia
Wed Jan 17, 2018 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: Should I Cash Out my NML Whole Life Insurance?
Replies: 45
Views: 2994

Re: Should I Cash Out my NML Whole Life Insurance?

I don't understand your insurance either but want to point out something I noticed: Yearly Premium: $842... The illustration shows 2017-18 $9,212 guaranteed cash value 2018-19 $9,997 guaranteed cash value 2019-20 $10,809 guaranteed cash value... Your yearly premiums for all 4 policies is $842, but t...
by celia
Wed Jan 17, 2018 4:58 pm
Forum: Investing - Help with Personal Investments
Topic: Diversification
Replies: 8
Views: 423

Re: Diversification

Are your stock and bonds (mutual funds) in taxable, tax-deferred, and Roth accounts? A break-down of each category would be helpful. Using this format to describe your holdings is recommended. https://www.bogleheads.org/forum/viewtopic.php?t=6212 This matters as you are in/nearing retirement. If you...
by celia
Wed Jan 17, 2018 3:54 am
Forum: Personal Finance (Not Investing)
Topic: RMD Withdrawal Plans
Replies: 6
Views: 938

Re: RMD Withdrawal Plans

It's my understanding that as long as the accounts are of the same type (ie: both are TIRA's, or whatever) you can withdraw all of the RMD from one account, it's not required to withdraw from each one separately. This is how I plan to do it starting this year. I have 3 TIRA's in 3 different institu...
by celia
Wed Jan 17, 2018 3:28 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth IRA Question
Replies: 11
Views: 1107

Re: Backdoor Roth IRA Question

1. My wife and I have only 401k, but no traditional IRA. We max out our 401k each year. We do not qualify for direct Roth IRA because of the income limits. So can we each open a new traditional IRA account and convert it into Roth before April 15 and claim it as 2017 contribution while filing taxes...
by celia
Wed Jan 17, 2018 1:40 am
Forum: Personal Finance (Not Investing)
Topic: Question about 1099R
Replies: 4
Views: 437

Re: Question about 1099R

An idea: Did you do the rollover during Oct-Dec? It could be the dividends your account would have received had the money stayed in the account all year. But if that was the case, where did the money go? direct deposit where your pay check goes? late rollover to the new 401K? This is the puzzle you ...
by celia
Wed Jan 17, 2018 1:10 am
Forum: Personal Consumer Issues
Topic: Need to buy new printer. Suggestions for best value?
Replies: 32
Views: 2225

Re: Need to buy new printer. Suggestions for best value?

Whatever you do, do not buy Epson. They've set it up where it disables the printer when ANY cartridge is out. I ran out of one of the color inks and it would print a few pages when you set it to print black / gray only but it would be disabled until you replace whatever cartridge is out. +1 I also ...
by celia
Wed Jan 17, 2018 12:05 am
Forum: Personal Finance (Not Investing)
Topic: Will/Estate question first child
Replies: 16
Views: 1020

Re: Will/Estate question first child

... this is the critical part and I want ironclad.... We understand that you want to avoid the expense and time seeing an estate planning lawyer. After all, you created your own wills in a hour, no big deal, right? I'm pretty sure if you saw a lawyer, (s)he will ask you some questions that you hadn...
by celia
Mon Jan 15, 2018 11:46 pm
Forum: Personal Consumer Issues
Topic: PTO policy after international business travel
Replies: 53
Views: 3112

Re: PTO policy after international business travel

I really hope you’re compensated well for what seems like absolute torture Torture? Many people would be delighted to have their company pay for their travel. Then, when you are done with the business part of your trip, there is the possibility of staying longer on vacation days. The flight is alre...
by celia
Mon Jan 15, 2018 11:35 pm
Forum: Investing - Help with Personal Investments
Topic: Strange Life insurance product - keep or dump?
Replies: 18
Views: 1372

Re: Strange Life insurance product - keep or dump?

I noticed they have different investments from each other. Did they choose them or choose a "Growth", "Value", "Income", "Dividend" portfolio (example names used for advertising/naming purposes only)? Can they now change the investments with little/no cost? What are their current ages? Do monthly/ye...
by celia
Mon Jan 15, 2018 10:54 pm
Forum: Investing - Help with Personal Investments
Topic: What am I doing wrong?
Replies: 7
Views: 1164

Re: What am I doing wrong?

...I'm not getting anything more than 3.9% return each month, and several months I've had negative returns. It seems like I am not keeping pace with the market, and I don't understand why.... I'm not sure how you calculated 3.9%, but if that is the monthly average in growth, that means you would ma...
by celia
Mon Jan 15, 2018 10:29 pm
Forum: Investing - Help with Personal Investments
Topic: Family death, house for sale, under-valued.
Replies: 19
Views: 2406

Re: Family death, house for sale, under-valued.

I wouldn't invest with a silent partner. What would happen if he should die soon after and his heirs want their share of what he had owned?

Go with a bank, instead, if you insist on doing this.
by celia
Mon Jan 15, 2018 6:41 pm
Forum: Personal Consumer Issues
Topic: Looking for a reasonably priced, safe international destination
Replies: 107
Views: 6399

Re: Looking for a reasonably priced, safe international destination

How about a local forestry area with lots of pine trees and a stream? That will be more the kids' speed. Or a working farm where the guests help out on the farm. Or you can sort of do both at something like this: http://pitstopsforkids.com/virginia-farm-stay-kids-belle-meade-farm/ Or Chinatown in SF...
by celia
Mon Jan 15, 2018 6:25 pm
Forum: Personal Consumer Issues
Topic: PTO policy after international business travel
Replies: 53
Views: 3112

Re: PTO policy after international business travel

Come on... After you land in India, do you ask for 5 days PTO to acclimate?

Sleep during the flights, like I do. Then you'll be all refreshed when you land.... Both directions...

I'm one of those people who takes a nap when they find out they are landing in 30 minutes.
by celia
Mon Jan 15, 2018 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: Our 'cure' for emergency expenses
Replies: 64
Views: 7118

Re: Our 'cure' for emergency expenses

Our "freedom fund" has always been part of our checking account. Why make it complicated?

We never ended up with a year's worth of once-yearly expenses all in the checking account at once because they are all due in different months, give or take.
by celia
Mon Jan 15, 2018 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: Stats on When People Take Social Security
Replies: 170
Views: 11146

Re: Stats on When People Take Social Security

The chart does show that a small percentage wait until 70 (4% of men/2% of women) but roughly 40% wait until 65-66 (not sure if the bump there reflects FRA or just that a lot of people retire at that age) so maybe not as bad as the comments suggest. That bump around FRA is partially due to spousal ...
by celia
Sun Jan 14, 2018 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: What unexpected emergencies require sizeable emergency cash funds available immediately in a checking account?
Replies: 86
Views: 6756

Re: What unexpected emergencies require sizeable emergency cash funds available immediately in a checking account?

randomizer wrote:
Sun Jan 14, 2018 3:30 pm
This thread sure is getting dark.
When you have a "chocolate emergency".


....especially involving DARK chocolate! :D :D :D

P.S. I have been known to send DH out specifically to get something chocolatey, like 2 nights ago...
by celia
Sat Jan 13, 2018 11:22 pm
Forum: Investing - Help with Personal Investments
Topic: Are there any situations where you don’t max retirement opportunities?
Replies: 16
Views: 1985

Re: Are there any situations where you don’t max retirement opportunities?

...The result is 90+ % of our savings are in various retirement accounts... ...I hate to leave tax advantaged retirement opportunities on the table but the value of additional contributions seem pretty incremental vs investing in ibonds or paying off mortgage down the road ( will be close call if w...
by celia
Sat Jan 13, 2018 10:27 pm
Forum: Investing - Help with Personal Investments
Topic: Rebalancing Anxiety - Nearing Retirement, appreciate input
Replies: 7
Views: 1108

Re: Rebalancing Anxiety - Nearing Retirement, appreciate input

..., my annual federal pension will be only about $12K a year. I am eligible, but have not yet begun to draw, another private sector pension, currently worth about $800/month and rising every year until I reach 65. That pension is well funded, secure. Social Security currently calculated to be abou...
by celia
Sat Jan 13, 2018 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: Estate Planning (Input Requested)
Replies: 14
Views: 1197

Re: Estate Planning (Input Requested)

Not only is the advice questionable, but the price is ridiculous. When we took our house out of the trust for refinancing, the escrow company drew up the deed to change ownership. To make it simple for us, I asked that they also draw up the deed to put it back in the trust after the refinancing was ...
by celia
Sat Jan 13, 2018 2:46 pm
Forum: Investing - Help with Personal Investments
Topic: Early RMDs to Roth or Taxable?
Replies: 15
Views: 1096

Re: Early RMDs to Roth or Taxable?

But they mention that she could be subject to penalties if not enough is withheld -- ??? I thought that penalty only applied to earned income (i.e., if you claim too many exemptions on your W-4). The penalty applies if you hadn't withheld or sent in at least 90% of the tax liability for the year of...
by celia
Sat Jan 13, 2018 1:04 am
Forum: Investing - Theory, News & General
Topic: Invested in ROTH IRA but I appear to have crossed $186K mark
Replies: 15
Views: 2150

Re: Invested in ROTH IRA but I appear to have crossed $186K mark

I probably jumped the gun and already invested $5,500 in ROTH 401K . Per my rough calculations my MAGI would fall between $186K and $190K for sure. Due to this, I understand I could be able to invest only less than $5,500 in to ROTH IRA . Please help let me know next steps that I must take. Please ...
by celia
Sat Jan 13, 2018 12:19 am
Forum: Personal Finance (Not Investing)
Topic: New Tax Plan - How to make the most of it?
Replies: 43
Views: 4626

Re: New Tax Plan - How to make the most of it?

I know. But I mean, part of the reason I'm max-ing the retirement contributions is to save tax. You are NOT saving on taxes. You are just deferring them. The question should be, how does the tax "saved" on the money that is put into retirement accounts compare to the tax when it is withdrawn? You c...
by celia
Fri Jan 12, 2018 9:11 pm
Forum: Investing - Help with Personal Investments
Topic: cost basis on inherited stocks
Replies: 10
Views: 434

Re: cost basis on inherited stocks

If I recall correctly, 2010 was the year that a decedent could pass all of her estate to heirs without any estate tax. The $5.4M exemption didn't apply. Although there wasn't any estate tax due (potentionally leaving more for heirs), it appears the heirs would still owe tax on capital gains. Since t...
by celia
Fri Jan 12, 2018 12:55 pm
Forum: Investing - Help with Personal Investments
Topic: Early RMDs to Roth or Taxable?
Replies: 15
Views: 1096

Re: Early RMDs to Roth or Taxable?

But delaying SS will reduce the pile of money that goes to the OP and their siblings. It depends if she saves it or spends it each year. If she doesn't need it to cover her living expenses, she can save it in taxable. If she is willing to suspend it, she would then cover the living expenses from ad...
by celia
Fri Jan 12, 2018 6:01 am
Forum: Investing - Help with Personal Investments
Topic: Early RMDs to Roth or Taxable?
Replies: 15
Views: 1096

Re: Early RMDs to Roth or Taxable?

spaddlewit wrote:
Thu Jan 11, 2018 9:57 pm
I chose 25k because 55k + 25k = 80k, and the upper limit of her current tax bracket will be 82.5k.
You can also add a standard deduction of 12k for a Single person and still be in the 22% bracket.
by celia
Fri Jan 12, 2018 4:57 am
Forum: Investing - Help with Personal Investments
Topic: Help with Mandatory IRA distributions. The IRS will take my money away!!
Replies: 29
Views: 1964

Re: Help with Mandatory IRA distributions. The IRS will take my money away!!

I'd like to comment on your post from the bottom of it up to the top: Who is the best type of adviser (that can trusted) to assist me with strategy so as to not get reamed with taxes? Would pay a fee only; but they are hard to find and most have something to sell, or charge points. Or is there a goo...
by celia
Fri Jan 12, 2018 3:05 am
Forum: Investing - Help with Personal Investments
Topic: Inherited retirement
Replies: 8
Views: 1537

Re: Inherited retirement

I'm pretty sure the employer retirement plan would be treated the same as a traditional IRA. [Ask the plan's administrator.] (This assumes all the money in the account is pre-tax.) You cannot co-mingle it with money that you saved in your own retirement plans. You can likely roll it over to an Inher...