Search found 261 matches

by CRTR
Sat Nov 16, 2019 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: Still don't understand deductability of medical specialty board exam fees
Replies: 13
Views: 1102

Re: Still don't understand deductability of medical specialty board exam fees

I understand how this is confusing. There are two ways to deduct: 1) if required for employment 2) CME credits In the event that board cert is not required for your 1099 gig: If you can get CME credits for the taking the Cert exam, you can deduct 100% of all related expenses as a business expense on...
by CRTR
Sat Nov 16, 2019 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: Help with Amending Taxes for Deceased Relative - Possible to appeal penalties ??
Replies: 6
Views: 494

Re: Help with Amending Taxes for Deceased Relative - Possible to appeal penalties ??

Not sure things are the same today but here is my experience. I took over tax filing duties for my now deceased father ~10 years ago due his to Alzheimer's disease. At that time, I discovered overdue taxes and fees dating back 4+ years (total >$22000), multiple collection notices, etc, etc etc. The ...
by CRTR
Fri Nov 08, 2019 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Roth conversion in year moved out of NYC? How taxed?
Replies: 3
Views: 247

Re: Roth conversion in year moved out of NYC? How taxed?

hope this gets answered. I will have a similar question next year (moving from CA to ID)!

BTW, I know that if you're moving TO NY, the date of the conversion matters. If it performed while a NY resident, you have to pay NY taxes.
by CRTR
Wed Oct 30, 2019 7:34 pm
Forum: Investing - Theory, News & General
Topic: Curious financial advisor claim . . .
Replies: 30
Views: 4651

Re: Curious financial advisor claim . . .

Thought I'd share this with you guys. I posed the above question via email to a long time friend who worked in the "index" industry. She worked for DFA right out of school. She went on to Charles Schwab and helped set up their suite of "Fundamental Index" funds. She's "retired" from the industry now...
by CRTR
Wed Oct 30, 2019 10:18 am
Forum: Investing - Theory, News & General
Topic: Curious financial advisor claim . . .
Replies: 30
Views: 4651

Re: Curious financial advisor claim . . .

Is vanguard mid cap (VO) just as efficient as total us (VTI) in a taxable account? Any reason not to add some VO to supplement/tilt VTI? Per Morningstar, overall tax cost is about the same. The yield of VTI is slightly higher than VO so you might think this would cause more tax. On the other hand, ...
by CRTR
Wed Oct 30, 2019 10:09 am
Forum: Investing - Theory, News & General
Topic: Curious financial advisor claim . . .
Replies: 30
Views: 4651

Re: Curious financial advisor claim . . .

It's one reason why I specifically invest in midcaps and small-caps. I am 100% stock. zero large cap exposure. Ask me in 30 years how it went. If what the advisor says is true, there is no reason to believe that it won't go well. In other words, if there NEVER has been a rolling 20-year period wher...
by CRTR
Wed Oct 30, 2019 9:17 am
Forum: Investing - Theory, News & General
Topic: Curious financial advisor claim . . .
Replies: 30
Views: 4651

Re: Curious financial advisor claim . . .

Perhaps your friend has a bond like income (doctor, teacher) or other future cash flow streams like pensions and the like, otherwise a 75/25 portfolio seems a little on the aggressive side. RM No, I didn't mention it but he planned to transition to 40/60 AA in the IRA over the next 5 years. She has...
by CRTR
Tue Oct 29, 2019 4:17 pm
Forum: Investing - Theory, News & General
Topic: Curious financial advisor claim . . .
Replies: 30
Views: 4651

Curious financial advisor claim . . .

A good friend has had the same financial advisor/CFP for almost 20 years. Apparently, he sold his business and is retiring soon. My friend is pretty unhappy because she's approaching retirement, really likes him and isn't too fond of his new associates. She is considering other options . . . she ask...
by CRTR
Fri Oct 25, 2019 6:53 pm
Forum: Personal Investments
Topic: Can I have two Solo 401k plans for the same business?
Replies: 12
Views: 679

Re: Can I have two Solo 401k plans for the same business?

Thanks, Spirit Rider, this seems like a pretty definitive answer (especially in combination with your reply to SGM). I am curious, then, when the Form 5500-EZ asks for the "Plan number" and the instructions suggest that there could be more than one plan for the employer, presumably that is only the...
by CRTR
Mon Oct 21, 2019 3:19 pm
Forum: Personal Investments
Topic: Do Partial Roth Conversions make sense
Replies: 20
Views: 1752

Re: Do Partial Roth Conversions make sense

It's not a straight forward answer. The devil is in the details. Of course, without a crystal ball, you have no way of knowing future tax laws, market performance, etc etc etc . . . . But, . . . .having said that, my guess is that it very much makes sense to make the conversions. With today's tax la...
by CRTR
Sat Oct 12, 2019 5:57 pm
Forum: Personal Investments
Topic: Retirees, when did you start really planning your retirement?
Replies: 53
Views: 5027

Re: Retirees, when did you start really planning your retirement?

Waited too long!!! I didn't even look at things until I was 54-55 (3-4 years ago). Originally, I planned to retire at 60-65. When I finally got around to crunching the numbers, it turned out I had saved A LOT more than I needed. I easily could have stopped working a solid 5 years earlier. As a resul...
by CRTR
Mon Oct 07, 2019 10:37 am
Forum: Personal Investments
Topic: Retirement Portfolio
Replies: 12
Views: 1157

Re: Retirement Portfolio

by CRTR
Mon Oct 07, 2019 10:31 am
Forum: Personal Investments
Topic: Retirement Portfolio
Replies: 12
Views: 1157

Re: Retirement Portfolio

here's a different strategy . . . . from Alan Roth, who contributes to this board intermittently

https://www.cbsnews.com/news/build-your-own-annuity/
by CRTR
Mon Oct 07, 2019 10:17 am
Forum: Personal Investments
Topic: Small Value Tax Efficient Placement
Replies: 25
Views: 1698

Re: Small Value Tax Efficient Placement

:sharebeer For the past five years (sept 2014 to sept 2019), DFA Targeted Value has returned 3.75% compared to 10.19% for the SP500. Cumulatively that's 21% vs 64%. This could go on for another 5, 10 years. You're seriously telling us you'd sit there year after year after year of underperformance an...
by CRTR
Sat Oct 05, 2019 9:58 am
Forum: Personal Investments
Topic: Small Value Tax Efficient Placement
Replies: 25
Views: 1698

Re: Small Value Tax Efficient Placement

If you believe that SV strategies will outperform over the long run, it makes most sense to place in Roth accounts. Like Berstein and Merriman, in theory, I really like the DFA targeted value strategies but the ER are prohibitively high. Another alternative you might wish to consider is the etf, AVUV.
by CRTR
Thu Oct 03, 2019 6:21 pm
Forum: Personal Investments
Topic: Any suggestions for low cost 401k plans to suggest to my smaller (~275 employee) employer
Replies: 6
Views: 403

Re: Any suggestions for low cost 401k plans to suggest to my smaller (~275 employee) employer

MotoTrojan wrote:
Thu Oct 03, 2019 6:10 pm
Guideline. VG and DFA funds at cost. Very affordable for company too.
+1, $8/month per employee with Guideline
by CRTR
Thu Oct 03, 2019 6:19 pm
Forum: Personal Investments
Topic: Emergency Fund Vehicle
Replies: 6
Views: 682

Re: Emergency Fund Vehicle

My emergency fund was different than most. I didn't have "one". I had a diversified emergency funds plan . . . I never needed it so not sure how smart I really way . . . . My issue with conventional wisdom was that it cost too much money. Keeping the fund in a money market or CD over the past 20 yea...
by CRTR
Thu Oct 03, 2019 5:26 pm
Forum: Personal Investments
Topic: Self employed retirement options
Replies: 10
Views: 701

Re: Self employed retirement options

Your situation sounds very similar to my neighbor (plumber). However, he ended up starting a small business 401k instead of a SIMPLE. He called a LOT of different providers and stumbled across Guideline. He says the basic plan total cost for himself and 4 employees is ~$80/month, although he mention...
by CRTR
Thu Oct 03, 2019 5:10 pm
Forum: Personal Investments
Topic: Is this doable?: VG (Trad IRA) ==> Fido (Trad IRA =>Solo 401K) ==> VG (merge with VG Solo 401K)
Replies: 9
Views: 323

Re: Is this doable?: VG (Trad IRA) ==> Fido (Trad IRA =>Solo 401K) ==> VG (merge with VG Solo 401K)

DW works part-time on a contractor basis and contributes to a Solo 401K at VG (pre-tax). She also has a Trad IRA at VG from years ago. Contributions were pre-tax, too, which impairs her ability to contribute to a backdoor Roth right now. Here is the question: • Can she transfer her Trad IRA to Fide...
by CRTR
Thu Oct 03, 2019 4:55 pm
Forum: Personal Investments
Topic: Defer ROTH conversions for 3 years to get subsidized health insurance in MA?
Replies: 14
Views: 1132

Re: Defer ROTH conversions for 3 years to get subsidized health insurance in MA?

Many thanks to all for the insights, information has been invaluable. Understanding the IRMAA and seeing the CLIFF tables really put that into perspective and it's clear that you don't want to go just over the edge. Will be updating my models and now feel better about how to make the decision. I re...
by CRTR
Thu Oct 03, 2019 8:56 am
Forum: Personal Investments
Topic: PIMIX Income Fund expense ratio . . . . what?!?!?
Replies: 14
Views: 1698

Re: PIMIX Income Fund expense ratio . . . . what?!?!?

I wouldn't own PIMIX because of the expense ratio and other things. I like funds that are Vanguard Risk Potential 1 or 2. I like bond funds that are AAA/AA/A rated. PIMIX is hard to rate or understand. Here are some other discussions on PIMIX. https://www.google.com/search?sitesearch=bogleheads.org...
by CRTR
Thu Oct 03, 2019 8:38 am
Forum: Personal Investments
Topic: PIMIX Income Fund expense ratio . . . . what?!?!?
Replies: 14
Views: 1698

Re: PIMIX Income Fund expense ratio . . . . what?!?!?

Looking at page 18 you can see interest expense of 619 million, eclipsing the administrative/managing expenses. Looks like the interest is attributable to reverse repurchase agreements, sale-buybacks, and short sales. So it’s probably better to think of the expense ratio as 0.5% and the rest is sim...
by CRTR
Wed Oct 02, 2019 7:43 pm
Forum: Personal Investments
Topic: PIMIX Income Fund expense ratio . . . . what?!?!?
Replies: 14
Views: 1698

Re: PIMIX Income Fund expense ratio . . . . what?!?!?

Per PIMCO the net expense ratio excluding interest expenses is actually only 0.5%, which is actually quite good for a 5-star actively managed global income fund. The fund uses leverage, derivatives, long and short positions so the remainder (0.55%) appear to be interest expense. https://www.pimco.c...
by CRTR
Wed Oct 02, 2019 4:26 pm
Forum: Personal Investments
Topic: PIMIX Income Fund expense ratio . . . . what?!?!?
Replies: 14
Views: 1698

PIMIX Income Fund expense ratio . . . . what?!?!?

Per the recommendation of a friend, who met Dan Ivascyn while in grad school, I've held this fund for over 10 (ten) years, almost since inception. It's past performance speaks for itself although that was not the reason I invested . . . that was just dumb luck. In fact, since I first bought into it ...
by CRTR
Mon Sep 30, 2019 7:25 pm
Forum: Investing - Theory, News & General
Topic: Ex DFA CIO launches competitor which will also have ETFs
Replies: 157
Views: 16510

Re: Ex DFA CIO launches competitor which will also have ETFs

Unfortunately, still no competition for DGS. And fees of the international small value almost identical to that of the existing ISCF, SCID, SCIX, and others. What is a specific measure in which Avantis is better than those? what about FEMS? Higher ER but better performance net of expenses . . . .
by CRTR
Wed Sep 25, 2019 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Article on Deferred Annuities on HumbleDoller
Replies: 15
Views: 1034

Re: Article on Deferred Annuities on HumbleDoller

There's been a lot written about this and the math is pretty compelling. The overwhelming majority of aritcles and white papers I've ready (including the one you cite), all support the idea. Here's a couple more articles for your enjoyment: https://www.kitces.com/blog/calculating-longevity-insurance...
by CRTR
Wed Sep 25, 2019 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: Article on Deferred Annuities on HumbleDoller
Replies: 15
Views: 1034

Re: Article on Deferred Annuities on HumbleDoller

There's been a lot written about this and the math is pretty compelling. The overwhelming majority of aritcles and white papers I've ready (including the one you cite), all support the idea. Here's a couple more articles for your enjoyment: https://www.kitces.com/blog/calculating-longevity-insurance...
by CRTR
Wed Sep 25, 2019 12:33 pm
Forum: Personal Investments
Topic: Helping widowed mother with investments
Replies: 17
Views: 1693

Re: Helping widowed mother with investments

Thanks. Her broker is TDA, which has a nice selection of Vanguard funds without transaction fees, including Wellesley, which I had forgotten about as an option. There is also the Target Retirement Income Fund VTINX. All seem like sensible options, and should be fine both in the IRA and in a taxable...
by CRTR
Sun Sep 22, 2019 4:31 pm
Forum: Personal Investments
Topic: Helping widowed mother with investments
Replies: 17
Views: 1693

Re: Helping widowed mother with investments

If your parents lived in a community property state (as mine did), your Mom will receive a step-up in basis to your Dad's DOD, for all the items of in her accounts. In this case, LTCG caused by portfolio moves most likely will be a non-issue. I don't think you can lose with Vanguard PAS, VSCGX or VW...
by CRTR
Mon Aug 26, 2019 11:26 am
Forum: Personal Investments
Topic: 401k to Roth Conversion
Replies: 13
Views: 772

Re: 401k to Roth Conversion

I would do it. Whether to do it all or part, that would depend on the specifics of your situation and future plans. Here's my thinking: 1. Though I don't have a crystal ball, with the ballooning deficit, I can't imagine tax rates will go down. The current brackets are scheduled to expire in 2025. 2....
by CRTR
Sun Aug 04, 2019 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Schwab as a one stop shop
Replies: 62
Views: 7206

Re: Schwab as a one stop shop

Neither worked for me a few years ago because I had a solo-401k and neither offered a Roth 401k option. Don't know if that's still the case. I ended up with ETrade for that reason. I also prefer Vanguard funds and ETrade has almost the complete lineup of Vanguard funds as NTF.
by CRTR
Sun Aug 04, 2019 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Question for the real estate and tax savvy.
Replies: 5
Views: 624

Re: Question for the real estate and tax savvy.

AFAIK: Capital Gains Tax primary residence exclusion if: You've owned your home for at least two years in the five years before you've looked to sell it. Your home was your primary residence for at least two years of that same five-year period. You haven't taken a capital gains exclusion for any ot...
by CRTR
Sun Aug 04, 2019 8:16 am
Forum: Personal Finance (Not Investing)
Topic: Question for the real estate and tax savvy.
Replies: 5
Views: 624

Question for the real estate and tax savvy.

I was asked this by a good friend's son. He's planning to sell a condo he's owned for ~10 years. It's been rented out ~5 of those years and he's lived in it for the other 5. So, with the sale, there will be ~$100k in depreciation recapture and ~$150k in capital gains. If he uses the money to immedia...
by CRTR
Fri Jul 19, 2019 11:03 am
Forum: Personal Investments
Topic: Etrade denies promotion on $1 mil new account
Replies: 65
Views: 7744

Re: Etrade denies promotion on $1 mil new account

In the past couple years, I've moved 3 accounts to ETrade and did NOT use any promotional links. In each case, I received the bonus. You will receive a personal representative with a transfer of that size. Ask him/her to take care of it. Nice thing about my rep is that 1 quick phone call always take...
by CRTR
Fri Jul 19, 2019 7:46 am
Forum: Personal Finance (Not Investing)
Topic: ACA subsidy vs Roth conversions
Replies: 35
Views: 3023

Re: ACA subsidy vs Roth conversions

Sounds like this is almost a rule of thumb, as long as the ObamaCare rules don't change, and one has ways to control his/her income in retirement. Should those of us not yet in retirement (but close) plan to wait until Medicare kicks in (age 65ish) but before SS starts (age 70) to Roth Convert? gas...
by CRTR
Sun Jul 14, 2019 9:33 am
Forum: Personal Investments
Topic: ORP and RPM recommend large mega Roth's from IRA
Replies: 44
Views: 2903

Re: ORP and RPM recommend large mega Roth's from IRA

CRTR - Does this program take into account items from your federal return such as yearly dividends/interest and deductions that you might want to enter since they impact on your AGI and tax rate when making ROTH suggestions? Also, could you explain more about how the different stategies that the pr...
by CRTR
Sun Jul 14, 2019 9:06 am
Forum: Personal Investments
Topic: ORP and RPM recommend large mega Roth's from IRA
Replies: 44
Views: 2903

Re: ORP and RPM recommend large mega Roth's from IRA

The taxable funds I use for my Roth conversions are quite conservatively invested (25% CD ladder, 45% Bond, 30% equity). I've been praying for that big market correction all the 'experts' have been predicting for the past 6 years . . . no such luck so far although last December was better than noth...
by CRTR
Sat Jul 13, 2019 10:31 pm
Forum: Personal Investments
Topic: ORP and RPM recommend large mega Roth's from IRA
Replies: 44
Views: 2903

Re: ORP and RPM recommend large mega Roth's from IRA

The primary downside with a really large roth conversion would be if there is a large market correction right after you do the conversion? This can be a big upside too! Continue with your usual Roth conversions. Then, if there is a large market correction, do another large Roth conversion. For exam...
by CRTR
Sat Jul 13, 2019 9:49 pm
Forum: Personal Investments
Topic: ORP and RPM recommend large mega Roth's from IRA
Replies: 44
Views: 2903

Re: ORP and RPM recommend large mega Roth's from IRA

CRTR - did incomestrategy give different recommendations from i-orp or rmp, or was it more granular and specific since you had greater control of the inputs in the simulation? thanks Yes and no. For each set of assumptions and user data, Income Strategy gives >20 different strategies. You can pick ...
by CRTR
Sat Jul 13, 2019 8:19 pm
Forum: Personal Investments
Topic: 100% VMNVX [Vanguard Global Minimum Volatility Fund]
Replies: 13
Views: 1895

Re: 100% VMNVX [Vanguard Global Minimum Volatility Fund]

A 70/30 stock/bond balance would be better. Adding a completely different type of lower-risk asset (bonds) is a better way to reduce risk than focusing entirely on lower volatility stocks. That's interesting. Why do you say that? Hasn't been the case thus far. VMNVX (and ACWV) have outperformed a 7...
by CRTR
Sat Jul 13, 2019 7:42 pm
Forum: Personal Investments
Topic: ORP and RPM recommend large mega Roth's from IRA
Replies: 44
Views: 2903

Re: ORP and RPM recommend large mega Roth's from IRA

I have another resource for you to consider. Like you, I was running all sorts of simulations with I-ORP, RMP spreadsheet and Flexible Retirement Planner. There is another option out there: www.incomestrategy.com It is a pay-to-play service but the basic membership fee is only $20/month. You can joi...
by CRTR
Mon Jul 01, 2019 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone used Income Strategy website/software?
Replies: 38
Views: 7268

Re: Has anyone used Income Strategy website/software?

Ok, so I signed up for the site.. . . .on the down side, not a very useful service for my situation. On the plus side, I didn't waste much money! My primary goal was to get help deciding whether to to delay Roth conversions and capture the ACA tax credit or forgo the credit and start with Roth conve...
by CRTR
Sun Jun 30, 2019 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Has anyone used Income Strategy website/software?
Replies: 38
Views: 7268

Re: Has anyone used Income Strategy website/software?

Is Income Strategy capable of handling the scenario where one needs to limit one's income for the purpose of qualifying for ACA subsidies before age 65? I contacted them with the same question, a little while ago. Here is the response I received: "Yes, our software is able to factor in tax credits....
by CRTR
Tue Jun 25, 2019 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Elder care tax question(s)
Replies: 32
Views: 2532

Re: Elder care tax question(s)

Wanted to add a "final word" post to this thread. I got the name of a local (Rancho Santa Fe)lawyer/CPA who used to work for the IRS and now specializes in estate planning. I paid for an hour of her time to get the final answer on my idea and relevant issues . . . money well spent!!! She emphaticall...
by CRTR
Mon Jun 10, 2019 8:54 am
Forum: Personal Finance (Not Investing)
Topic: Where to Purchase Defined Benefit Plan
Replies: 15
Views: 1998

Re: Where to Purchase Defined Benefit Plan

I used the Solo DB plan at Schwab for 5 years and terminated it a a couple years ago. I also had a solo 401k at Etrade at the same time. I did it as a sole proprietor. I was able to save an average of ~$200k/year. It was a very positive experience. On the other hand, the fee was 50% of what it is no...
by CRTR
Mon Jun 10, 2019 8:42 am
Forum: Personal Investments
Topic: HSA investment advice
Replies: 25
Views: 2607

Re: HSA investment advice

Preserving principal with HSA, respectfully, is the wrong move. Generally, you want to have the assets with maximum expected growth rate in vehicles where such growth is tax free. This is the reason why you should prefer equities in Roth accounts and fixed income instruments in traditional tax-defe...
by CRTR
Mon Jun 10, 2019 8:34 am
Forum: Personal Investments
Topic: Sell gains in old allocation?
Replies: 2
Views: 356

Re: Sell gains in old allocation?

I wouldn’t pay taxes on 300k of gains. Robos usually have pretty cheap ETFs, so keeping them is not a huge expense on the er side. I would roll everything over in kind, and liquidate gradually to minimize cap gains. You don’t want to have Reits in a taxable account, they are very tax inefficient. 4...
by CRTR
Sat Jun 08, 2019 7:51 am
Forum: Personal Investments
Topic: Brokerages with no-transaction fees for Vanguard funds
Replies: 36
Views: 3084

Re: Brokerages with no-transaction fees for Vanguard funds

Are there any brokerages, other than Vanguard, that offer Vanguard funds with no transaction fees to buy and sell those Vanguard funds? I ask because I have a significant amount invested in different Vanguard funds (mutual funds and Vanguard ETFs), which I currently hold in a Vanguard brokerage acc...
by CRTR
Wed May 29, 2019 9:35 am
Forum: Personal Finance (Not Investing)
Topic: Deferring taxable income for ACA
Replies: 10
Views: 506

Re: Deferring taxable income for ACA

I am going through the same thought process due to similar increases in my ACA-compliant plan. My premium went from $303/month, $2750 deductible to $787, $7000 deductible . . . ouch. In addition, I'm also wrestling with the effect of losing 5 years for Roth conversions (most of my savings are in IRA...
by CRTR
Wed May 29, 2019 9:23 am
Forum: Personal Finance (Not Investing)
Topic: DIY amendment to Trust?
Replies: 26
Views: 2351

Re: DIY amendment to Trust?

My father did the same thing (template) and wrote his own amendments. We had no problems with the trust even though it was contested by my half-sister. His changes withstood the assault. That being said, I was VERY nervous going through the process because I shared many of the concerns mentioned ab...