Search found 816 matches

by Cody
Tue Dec 22, 2015 3:46 pm
Forum: Investing - Help with Personal Investments
Topic: Roth conversion vs "Tax gain harvesting"
Replies: 7
Views: 746

Re: Roth conversion vs "Tax gain harvesting"

What happens to an inherited cost basis equity should we die? (no plans there but...). Does it automatically reset to 0?

Thanks,
cody
by Cody
Mon Dec 21, 2015 2:29 pm
Forum: Investing - Help with Personal Investments
Topic: Roth conversion vs "Tax gain harvesting"
Replies: 7
Views: 746

Re: Roth conversion vs "Tax gain harvesting"

Minnesota does not follow the Feds. It does not follow the Federal bracketing of LTCG. So even though I pay 0% if I stay the 15% Tax Bracket Minnesota takes a 7.5% cut. As far as my RMD tax brackets - we will be right on the line between 15% and 25% tx bracket with pensions, SS and RMD. It will take...
by Cody
Mon Dec 21, 2015 2:05 pm
Forum: Investing - Help with Personal Investments
Topic: Roth conversion vs "Tax gain harvesting"
Replies: 7
Views: 746

Roth conversion vs "Tax gain harvesting"

I have about three years of "window" until I take Social Securtiy at age 70. I was going to do a Roth conversion up to the top of the 15% tax bracket. Done deal. Them I read Michael Kitces article explaing the advantages of tax gain harvesting. Sell a fund, buy back immediately and thus resetting th...
by Cody
Sat Dec 19, 2015 10:06 am
Forum: Personal Consumer Issues
Topic: Camera recommendations
Replies: 10
Views: 1035

Re: Camera recommendations

Canon PowerShot ELPH 350 HS Digital Camera with 20.2 Megapixels and 12x Optical Zoom

Good luck,
cody
by Cody
Fri Dec 18, 2015 9:58 am
Forum: Personal Finance (Not Investing)
Topic: spending (which asset(s) to tap first)
Replies: 10
Views: 1276

Re: spending (which asset(s) to tap first)

Could we discuss a little about putting VSMGX (Vanguard LIfestategy Moderate Growth Fund ) into tax deferred and taxable . I have thought about that idea for some time. Especially as I age. I have too questions: 1) how do you view taxes in the taxable account (that will occur with 50% or so bond all...
by Cody
Fri Dec 18, 2015 9:45 am
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion: Do it online or on the phone?
Replies: 7
Views: 821

Re: Roth Conversion: Do it online or on the phone?

Thanks all. I'll do that Roth Conversion at VG online. And probably do an estimated tax fed and state online too.

Best all,
cody
by Cody
Thu Dec 17, 2015 11:28 am
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion: Do it online or on the phone?
Replies: 7
Views: 821

Re: Roth Conversion: Do it online or on the phone?

Do you remember seeing a box to check for withholding $0. Did it ask if you wanted tax withheld?
Thanks,
cody
by Cody
Thu Dec 17, 2015 11:20 am
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion: Do it online or on the phone?
Replies: 7
Views: 821

Roth Conversion: Do it online or on the phone?

Is there any compelling reason to place a Roth Conversion order using the phone versus doing it online?

I did a dry run of the Roth Conversion at Vanguard - but did not get a place asking how much tax to withhold (I want $0 withheld) . Maybe I didn't go far enough into the test run?

Thanks,
cody
by Cody
Tue Dec 15, 2015 10:11 am
Forum: Personal Finance (Not Investing)
Topic: Should I continue to postpone Social Security?
Replies: 27
Views: 3149

Re: Should I continue to postpone Social Security?

I wonder if the OP factored in the cumulative amount of the restricted application between his FRA and his filing at age 70 when calculating the break-even age. Most don't, although break-even is non-consequential in my opinion. Vested 1: I did indeed count the restricted app dollars as part of the...
by Cody
Sun Dec 13, 2015 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: Should I continue to postpone Social Security?
Replies: 27
Views: 3149

Should I continue to postpone Social Security?

I'm 67 in February, 2016 and had planned on continuing my postponement of SS. I recieve a "Restricted Application SS" based on my wife's record which covers roughly 25% of the "floor" of our expenses The cost to delay: Because the Restricted App. covers 25% of our expenses we have to come up with th...
by Cody
Sun Nov 22, 2015 10:35 am
Forum: Personal Finance (Not Investing)
Topic: Is W-2 the sole requirement of buying a Roth
Replies: 16
Views: 1696

Re: Is W-2 the sole requirement of buying a Roth

From the link provided by LadyGeek. What Is Not Compensation? Compensation does not include any of the following items. Earnings and profits from property, such as rental income, interest income, and dividend income. Pension or annuity income. ** Deferred compensation received (compensation payments...
by Cody
Sat Nov 21, 2015 10:08 am
Forum: Personal Finance (Not Investing)
Topic: Is W-2 the sole requirement of buying a Roth
Replies: 16
Views: 1696

Re: Is W-2 the sole requirement of buying a Roth

Hum? How did you find out you could not buy roths?

cody
by Cody
Sat Nov 21, 2015 9:42 am
Forum: Personal Finance (Not Investing)
Topic: Is W-2 the sole requirement of buying a Roth
Replies: 16
Views: 1696

Re: Is W-2 the sole requirement of buying a Roth

Thanks, I'll check the w-2 when I get home.
cody
by Cody
Sat Nov 21, 2015 9:28 am
Forum: Personal Finance (Not Investing)
Topic: Is W-2 the sole requirement of buying a Roth
Replies: 16
Views: 1696

Is W-2 the sole requirement of buying a Roth

Although my wife and I are both on social security and have pensions (none of which qualifies us for Roth purchases) she does get a W-2 tax form. Does that qualify us to purchase Roths? My research, although limited, seems to indicate that the W-2 is "earned income" and thus we can purchase roths. H...
by Cody
Sun Nov 15, 2015 11:11 am
Forum: Investing - Help with Personal Investments
Topic: What would be the likely [tax] cost of a 50-50 Target Fund in taxable
Replies: 14
Views: 1826

Re: What would be the likely [tax] cost of a 50-50 Target Fund in taxable

Thanks so much for all the help.

grabiner - just to clarify- that would be $176 per year for a $100,000 holding Target 2015 in taxable (in 2014). Plus Minnesota State tax on Short Term Cap gains. That sounds like too little somehow.

Thanks,

cody
by Cody
Sat Nov 14, 2015 10:46 am
Forum: Investing - Help with Personal Investments
Topic: What would be the likely [tax] cost of a 50-50 Target Fund in taxable
Replies: 14
Views: 1826

Re: What would be the likely [tax] cost of a 50-50 Target Fund in taxable

This is my chance to really show my ignorance. If you had purchased $100K of TR 2015 on Jan. 2, 2014 you'd have bought about 6,803 shares at $14.70. In Dec. 2014 the fund distributed the following per share: Dividend $0.28400 ST Cap Gain $0.02500 LT Cap Gain $0.14300 So you have received $.452/share...
by Cody
Thu Nov 12, 2015 11:35 am
Forum: Investing - Help with Personal Investments
Topic: What would be the likely [tax] cost of a 50-50 Target Fund in taxable
Replies: 14
Views: 1826

What would be the likely [tax] cost of a 50-50 Target Fund in taxable

What would be the likely total cost of putting $100K into a 50-50 Target Fund (Vanguard Target Retirement 2015 Fund (VTXVX) in taxable (in the 15% tax bracket). $100K is just for example sake. Don't worry about all the benefits to have Total Stock Market and FTSE in taxable as I now have. I know its...
by Cody
Thu Nov 05, 2015 9:27 am
Forum: Personal Finance (Not Investing)
Topic: Should I pay a CPA to fill out form 709 (Gift form)?
Replies: 21
Views: 5031

Re: Should I pay a CPA to fill out form 709 (Gift form)?

I'm not sure that "loan" will work since we closed 6 months ago. We have no records of such a loan. I had thought of that at the time but didn't go through with it. So looks like my options are 1) Do it myself 2) CPA 3) EA Still not sure how to find an EA. I'll see what a google seach does. PS - for...
by Cody
Wed Nov 04, 2015 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: Should I pay a CPA to fill out form 709 (Gift form)?
Replies: 21
Views: 5031

Re: Should I pay a CPA to fill out form 709 (Gift form)?

Firstly, she is divorced now. Which is of course bad in some ways. But good in that we were going to sell the place to them as "husband and wife" which would of ment that the husband, who bolted, would have been entitled so half the house assets. Thus, since my daughter it not married, we can only g...
by Cody
Wed Nov 04, 2015 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: Should I pay a CPA to fill out form 709 (Gift form)?
Replies: 21
Views: 5031

Re: Should I pay a CPA to fill out form 709 (Gift form)?

Not sure what an enrolled agent is?

Thanks,
cody
by Cody
Wed Nov 04, 2015 10:58 am
Forum: Personal Finance (Not Investing)
Topic: Should I pay a CPA to fill out form 709 (Gift form)?
Replies: 21
Views: 5031

Should I pay a CPA to fill out form 709 (Gift form)?

In 2015 we gifted our daughter a down payment (plus a few other expenses) for a condo we had owned. The amount of the gift was about $40,000 ($30,000 gift of assets and $10,000 forthe difference between the sale price and appraised value. (We did not use a realtor so can justify the lower sale price...
by Cody
Wed Oct 07, 2015 8:57 am
Forum: Investing - Help with Personal Investments
Topic: Older Investors Seeking Guidance
Replies: 31
Views: 3108

Re: Older Investors Seeking Guidance

As far as leaving Ameriprize - depending on what time of account you have there , there may be surrender fees for "early withdrawal". For example we had to wait 3 years (American Funds Contra) to go to $0 in fees. Secondly, most of the work of changing to say Vanguard, is rather done "behind the sce...
by Cody
Wed Oct 07, 2015 8:35 am
Forum: Personal Finance (Not Investing)
Topic: How to take advantage of 2 lower income years in early retirement ?
Replies: 58
Views: 5626

Re: How to take advantage of 2 lower income years in early retirement ?

Didn't see this anywhere and don't know if your state is one of, I believe 37, states that always taxes capital gains at their state income rate. So be prepared, if you sell something with cap gains, that you are aware of the state tax as well. Also not sure if the fact that you may be "reinvesting ...
by Cody
Sun Oct 04, 2015 8:40 am
Forum: Personal Finance (Not Investing)
Topic: Can you pay off a Stafford loan early and still ....
Replies: 1
Views: 346

Can you pay off a Stafford loan early and still ....

Can you pay off a Stafford loan early and still recieve the forgiveness part of the loan (which comes after 10 years)?
So you would pay of your part faster than 10 years and recieve the forgiveness then.
Thanks,
cody
by Cody
Wed Sep 23, 2015 10:28 am
Forum: Investing - Help with Personal Investments
Topic: Skill level to replace Tips fund with individual tips?
Replies: 48
Views: 5012

Re: Skill level to replace Tips fund with individual tips?

Wow! Just as I had thought, buying individual tips is about knowledge and experience. Thanks for help on both fronts. Just to add a bit to my post. I am 66 (wife 63) years old. She is on Social Security, I'm waiting to take SS but am paying for that with my dime. So not in the accumulation stage. We...
by Cody
Tue Sep 22, 2015 10:21 am
Forum: Investing - Help with Personal Investments
Topic: Skill level to replace Tips fund with individual tips?
Replies: 48
Views: 5012

Skill level to replace Tips fund with individual tips?

I'm wondering how much time, energy and most importantly, skill level (knowledge) one needs to exchange from Vanguard short terms tips fund (VTIPX) to buying invidual tips. I would love not to make the move but the more I read about individual tips in general the more I'm convinced I may have to mak...
by Cody
Wed Sep 16, 2015 7:09 am
Forum: Investing - Help with Personal Investments
Topic: Social Security Question
Replies: 5
Views: 1106

Re: Social Security Question

Search for Mike Piper's "Oblivious Investor" for many clear explainations.
cody
by Cody
Thu Sep 03, 2015 11:30 am
Forum: Investing - Help with Personal Investments
Topic: Dividends are taxed at ?
Replies: 4
Views: 705

Dividends are taxed at ?

What is the tax rate of taxable fund dividends (Total Stock Market) that are not reinvested but deposited in Prime Money Market. So based on your answer is it better to reinvest or put the money in Prime Money Market. (I'm in retirement,15% tax bracket, need to take some money out the fund anyway an...
by Cody
Fri Jul 24, 2015 9:10 am
Forum: Investing - Help with Personal Investments
Topic: Father passed - helping my mom invest her assets
Replies: 24
Views: 3126

Re: Father passed - helping my mom invest her assets

Aren't family dynamics wonderful. It looks like you are neck deep in this one. I've been there and hope for the very best for all of you. Remember to protect yourself and your wife first. You currently are helping make this "work". But don't forget about the stress and how that is playing out with y...
by Cody
Mon Jun 22, 2015 11:34 am
Forum: Personal Finance (Not Investing)
Topic: Age to Take Social Security: The Ideal and the Reality
Replies: 83
Views: 13550

Re: Age to Take Social Security: The Ideal and the Reality

Don't forget the benefit of the "restrictive application". I'm doing that (taking half of my wife's full retirement benefit) while I wait to take my SS.

BONUS!

Best,
cody
by Cody
Thu May 28, 2015 9:00 am
Forum: Personal Consumer Issues
Topic: New or Used Honda Odyssey
Replies: 46
Views: 11078

Re: New or Used Honda Odyssey

I'm going to start a new post later (after this discussion fades).

My Odessey is also awful in snow (had 4 Carivans with no problems). I hate it!

I want to find if anyone has found anything that will help. (tried 3 different tires)

But again for a later post.

Best,
cody
by Cody
Wed May 27, 2015 8:12 am
Forum: Investing - Help with Personal Investments
Topic: Think you have figured out the market yet - a great quote
Replies: 4
Views: 935

Think you have figured out the market yet - a great quote

Quote By Micheal Santori of Yahoo Finance:
But it’s never possible to figure out exactly what set of calculations, expectations, hopes and delusions is priced into markets at any given moment.
Is this one of the best ever?

Cody
by Cody
Sat May 16, 2015 8:58 am
Forum: Investing - Help with Personal Investments
Topic: Anybody 50/50?
Replies: 78
Views: 9780

Re: Anybody 50/50?

Didn't read every post here one but one can't forget the impact of taxes. We are currently 48-52 before taxes and 44-56 after taxes (maybe not a big difference) but could come into more play with a different portfolio (meaning if you had more in say tax deferred or Roths or taxable than we do it mig...
by Cody
Mon May 11, 2015 8:34 am
Forum: Investing - Theory, News & General
Topic: Bonds: All Treasuries or Mixture?
Replies: 17
Views: 2769

Re: Bonds: All Treasuries or Mixture?

Could someone explain the "meaning" of the per cents as given. Are they suggested upper limits. Are they % of the entire portfolio or just of the fixed side. What is the context of the numbers is what I am asking. Recommended Vanguard gov't bond funds: http://paulmerriman.com/vanguard/ Thanks, cody
by Cody
Wed Apr 29, 2015 4:38 pm
Forum: Investing - Help with Personal Investments
Topic: Which funds go where?
Replies: 11
Views: 1201

Re: Which funds go where?

Thanks for that help Duckie. I see you switched Ftse to International fund - I assume for more international exposure. Is 4% worth it? I have given off and on thought to international bonds (when CD's come due in a few years) but just not sure on that. I assume Total Stock in Roths for max gain in t...
by Cody
Wed Apr 29, 2015 3:00 pm
Forum: Investing - Help with Personal Investments
Topic: Which funds go where?
Replies: 11
Views: 1201

Re: Which funds go where?

Here are the approximate fund percent of entire portfolio. Taxable (but probably off limits for changes in 2015) due to cap gains but would take suggestions. (ALL FUNDS AT VANGUARD) Total Stock Market - 6% Ftse-All World except US - 10% Total = 16% His Rollover IRA Total Stock Market - 11% Total Bon...
by Cody
Wed Apr 29, 2015 8:22 am
Forum: Investing - Help with Personal Investments
Topic: Which funds go where?
Replies: 11
Views: 1201

Which funds go where?

I realize that there is a great deal of thinking about "what funds where". Often there are no hard and fast rules but this is a great time from me to make changes since I do not plan to take any distribution or withdrawals this year. Ages him 66 and her 63. Please take a look at my portfolio and mak...
by Cody
Tue Apr 28, 2015 8:02 am
Forum: Investing - Theory, News & General
Topic: 10 index fund allocation how does it stack up?
Replies: 23
Views: 3326

Re: 10 index fund allocation how does it stack up?

Not sure how this stacks up - but just keep in mind even if this portfolio outperforms a three or four fund portfolio that doesn't mean it will outperform in reality. People make mistakes in rebalancing etc with a great number of choices and thus what might appear to be better may not be. That said ...
by Cody
Thu Apr 23, 2015 8:13 am
Forum: Personal Consumer Issues
Topic: Mac computer people (or others) need your thoughts
Replies: 15
Views: 2054

Re: Mac computer people (or others) need your thoughts

Postby WhyNotUs » Wed Apr 22, 2015 11:01 pm Pop funders are not a virus. Some are scareware to try to get you to buy something (MacKeeper) and others are annoying in other ways. They are very different than a worm or virus that can attack your system or create a gateway for others to access your da...
by Cody
Wed Apr 22, 2015 10:49 pm
Forum: Personal Consumer Issues
Topic: Mac computer people (or others) need your thoughts
Replies: 15
Views: 2054

Mac computer people (or others) need your thoughts

Suddenly I got many popups on almost every screen on my MacBook Pro. I could not even use it really. The pop ups were often at the top (massive banners), side of the screen, or even on top of buttons (so I could not chose the button). I went into Apple (genius bar) and got it taken care of with a pr...
by Cody
Wed Apr 22, 2015 10:01 pm
Forum: Investing - Theory, News & General
Topic: Retirees: What is your SWR in retirement?
Replies: 45
Views: 5361

Re: Retirees: What is your SWR in retirement?

We adopted another approach. We are pushing 68, and plan to start tapping our retirement funds in about two years. The first fifteen years will be covered by our IRA CDs (along with other income), so our "SWR" on our balanced portfolio won't kick in until we're 85. At that point, I suspect our RMD ...
by Cody
Thu Apr 16, 2015 12:52 pm
Forum: Investing - Help with Personal Investments
Topic: How's my diversification?
Replies: 7
Views: 1180

Re: How's my diversification?

Thanks for the thoughts - I have considered all of the above. I think as the CD's come due I'll probably move the money to a simple bond fund (one of the two I already have. I am waiting to see how things work out here but I am currently taking a restricted app on my wifes Social security (just star...
by Cody
Thu Apr 16, 2015 9:39 am
Forum: Investing - Help with Personal Investments
Topic: How's my diversification?
Replies: 7
Views: 1180

How's my diversification?

A little help from my friends - how does this look in terms of diversification only? Age 66 (AA - before taxes 44-56) (AA - after taxes 47-53). Mid 6 figures. In retirement - Just gave you this line in case. Overall perceent of: Total Stock Market - VTSMX 31% (70% of equity) Total Bond Market - VBMF...
by Cody
Fri Mar 27, 2015 8:44 am
Forum: Personal Finance (Not Investing)
Topic: Reorganizing credit cards and accounts
Replies: 33
Views: 3971

Reorganizing credit cards and accounts

I have decided that each day I am going to work on one account/credit card/debit card to clean it up or cancel. I know there are some possible credit score dings for closing some accounts (athough not sure about that). But we will now have time to wieght for the score to go back again if that is the...
by Cody
Thu Mar 19, 2015 8:20 am
Forum: Investing - Theory, News & General
Topic: Where is Larry Swedroe
Replies: 18
Views: 5298

Re: Where is Larry Swedroe

Maybe he has been hiding with Putin? :wink:
cody
by Cody
Fri Mar 13, 2015 1:12 pm
Forum: Investing - Help with Personal Investments
Topic: LifeStrategy Moderate Growth vs Separate funds
Replies: 51
Views: 10527

Re: LifeStrategy Moderate Growth vs Separate funds

The all in one funds protect you from you and if you are "prone to tinker" they are even better at that. Although they recently did a bit of tinkering in either Target or Life Strat (not sure which).
cody
by Cody
Fri Mar 13, 2015 9:16 am
Forum: Personal Finance (Not Investing)
Topic: Anyone sell property to a relative?
Replies: 1
Views: 406

Anyone sell property to a relative?

We just sold our condo rental to a relative (they had rented it from us and plan to live there). I have been reading lots on tax code for such a sale and realize that the tax code is different in such a sale. Almost know one new when we bought the condo that selling to a relative was so different ta...
by Cody
Sat Feb 28, 2015 8:55 am
Forum: Personal Finance (Not Investing)
Topic: Anyone know if Minnesota has a "recapture tax"?
Replies: 0
Views: 498

Anyone know if Minnesota has a "recapture tax"?

I'm selling a condo and have found that the federal goverment has a 25% recapture tax on depreciation.

Does anyone know if Minnesota all has the same? Can not find any info on line for that.

Thanks,
cody
by Cody
Thu Feb 26, 2015 10:39 am
Forum: Personal Consumer Issues
Topic: Which Car? struggling to decide
Replies: 45
Views: 4540

Re: Which Car? struggling to decide

I suggest reading Eric Baker's blog (http://www.bakadesuyo.com). His last post was about the science of making choices. Worth a look when there are so many options.

Best,
cody
by Cody
Thu Feb 05, 2015 10:49 am
Forum: Personal Consumer Issues
Topic: What to buy sweetie for Valentine's Day
Replies: 97
Views: 8217

Re: What to buy sweetie for Valentine's Day

40 years ago I got my new wife an electric iron (for clothes). Try that and see how it flys.

Oh yeh, she still reminds me of that fact.

Ever the romantic,
cody