Search found 8633 matches

by BL
Fri Jan 04, 2019 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: Using life insurance for Roth Contributions
Replies: 8
Views: 597

Re: Using life insurance for Roth Contributions

It sounds like you may have been the higher earner. Hopefully you will have everything verified so you can make the best choice, yours at age 70 or survivor's at FRA (which might be slightly different age than for your own. Also his PIA may not be less due to early death.) Mike Piper has written a ...
by BL
Fri Jan 04, 2019 2:15 am
Forum: Personal Finance (Not Investing)
Topic: Using life insurance for Roth Contributions
Replies: 8
Views: 597

Re: Using life insurance for Roth Contributions

I see no reason not to do this; moving taxable money to Roth IRA with no tax costs sounds like a great idea. You may be able to deduct a trad. IRA if the deduction makes sense to you for this tax year or future years. You could also contribute 19,000 to 401k in 2019 if you take out some of the LI mo...
by BL
Thu Jan 03, 2019 10:19 am
Forum: Personal Investments
Topic: Ready to break up with financial advisors (yes, plural)
Replies: 14
Views: 2023

Re: Ready to break up with financial advisors (yes, plural)

Some random thoughts: You could take extra money to live on from inherited IRAs to be able to put in the maximum to your TSP, 19,000 in 2019. Trad. TSP would off-set tax cost, Roth TSP would give you future tax-free access to cash (you might transfer to a Roth at Vanguard or similar place for more c...
by BL
Tue Jan 01, 2019 12:24 am
Forum: Investing - Theory, News & General
Topic: should I be in VTFMX or VTI/BND as new retiree?
Replies: 5
Views: 668

Re: should I be in VTFMX or VTI/BND as new retiree?

You don't give enough information. Are you MFJ or single, or?? The tax bracket would be quite different. Do you have room for more bonds in TSP or is it already all bonds? If you are in a higher tax bracket, it might be fine to use some municipal bonds. If in 12% or possibly 22% or even 24% brackets...
by BL
Mon Dec 31, 2018 6:11 pm
Forum: Personal Consumer Issues
Topic: Best bet for streaming YouTube TV on my TV?
Replies: 27
Views: 2031

Re: Best bet for streaming YouTube TV on my TV?

Actually, there is a You Tube app. " Works with: Fire TV Remote and Game Controller". I haven't used it; don't quite understand "download you own it" whether that is a charge or not, and I haven't cared to buy anything extra at this time. That app is just a wrapper around Silk (Amazon's web browser...
by BL
Sun Dec 30, 2018 11:22 pm
Forum: Personal Finance (Not Investing)
Topic: Northwestern Mutual Whole Life Insurance (65 Life)
Replies: 61
Views: 3524

Re: Northwestern Mutual Whole Life Insurance (65 Life)

If you do the 1035, be sure you don't buy it from most insurance salesmen who will then get a similar commission and you would again lose to a surrender fee. Vanguard annuities is one of the recommended sources of lower cost annuities, although investments are still a lower cost than annuities. I th...
by BL
Sun Dec 30, 2018 9:19 pm
Forum: Personal Finance (Not Investing)
Topic: Northwestern Mutual Whole Life Insurance (65 Life)
Replies: 61
Views: 3524

Re: Northwestern Mutual Whole Life Insurance (65 Life)

Here is another link to whitecoatinvestor on evaluating the policy:
https://www.whitecoatinvestor.com/how-t ... fe-policy/
Even if you are not a doctor, this site has a lot of info for high-income folks.
by BL
Sun Dec 30, 2018 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA Minimum Earnings Question (IRS Limit)
Replies: 4
Views: 402

Re: Roth IRA Minimum Earnings Question (IRS Limit)

nolesrule wrote:
Sun Dec 30, 2018 1:00 pm
Wait until you get your W-2 and see what appears in Box 1.

The Traditional 401k contributions will reduce your compensation for making a Roth IRA contribution, since it reduces your Box 1 compensation..
+1
wait
401k reduces w-2
by BL
Sun Dec 30, 2018 5:22 pm
Forum: Personal Investments
Topic: Advice Needed to Reduce 2018 Tax Obligation for Taxable Account
Replies: 6
Views: 665

Re: Advice Needed to Reduce 2018 Tax Obligation for Taxable Account

You can off-set $3000 with your losses, not more, unless you are also off-setting capital gains.
by BL
Sun Dec 30, 2018 5:03 pm
Forum: Personal Finance (Not Investing)
Topic: Father with Dementia Took a Full IRA Distribution
Replies: 56
Views: 5518

Re: Father with Dementia Took a Full IRA Distribution

Your father may have saved future taxes for his spouse and heirs. She will have a lower tax bracket when she files single, and children would pay taxes sooner or later on the entire inherited IRA. If the IRA had a lot of equities, he did (by luck) pick the greatest time to sell them. I wonder how ma...
by BL
Sun Dec 30, 2018 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: Father with Dementia Took a Full IRA Distribution
Replies: 56
Views: 5518

Re: Father with Dementia Took a Full IRA Distribution

Not sure about your bank CDs, but PenFed CU certificates can be redeemed at death of owner. If medical bills are not reimbursed by insurance, perhaps itemized instead of standard deduction would be useful, depending on other deductions they may have for the year. Are there any Capital losses that co...
by BL
Sun Dec 30, 2018 11:21 am
Forum: Personal Consumer Issues
Topic: Best bet for streaming YouTube TV on my TV?
Replies: 27
Views: 2031

Re: Best bet for streaming YouTube TV on my TV?

I have been using Amazon Fire Stick. Pretty cheap, especially on special sale days ($25). Roku should be fine as well. Haven't used my old one for a while. Unfortunately there is no YouTube TV app for any of the Fire TV products. Google and Amazon do not play nicely together (intentionally). If the...
by BL
Sun Dec 30, 2018 1:26 am
Forum: Personal Consumer Issues
Topic: Best bet for streaming YouTube TV on my TV?
Replies: 27
Views: 2031

Re: Best bet for streaming YouTube TV on my TV?

I have been using Amazon Fire Stick. Pretty cheap, especially on special sale days ($25). Roku should be fine as well. Haven't used my old one for a while.
by BL
Sat Dec 29, 2018 5:52 pm
Forum: Personal Investments
Topic: How to calculate withdrawals for various decades of retirement
Replies: 10
Views: 585

Re: How to calculate withdrawals for various decades of retirement

May I suggest you try to work in some travel this decade? The future is unknown.
by BL
Sat Dec 29, 2018 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: Spousal Social Security question.....
Replies: 12
Views: 738

Re: Spousal Social Security question.....

I will turn 70 in July and will start to draw SS. My wife of 42 years will be 62. She only worked a year or two when we first married and was a stay at home mom. Can she draw a Social Security check? And should she wait until 66 or 70 if so? You have to have 40 quarters to claim your own benefit. I...
by BL
Sat Dec 29, 2018 3:05 pm
Forum: US Chapters
Topic: My favorite Boglehead posters
Replies: 142
Views: 8349

Re: My favorite Boglehead posters

Thanks to those mentioned who have contributed so much to this forum over the years. I really appreciate their dedication and good advice. I only wish there was a good way for those new people seeking advice to know when they have received advice from these folks, since it is so hard to know what is...
by BL
Fri Dec 28, 2018 4:16 pm
Forum: Personal Investments
Topic: Help Me Help An Old Lady
Replies: 16
Views: 1726

Re: Help Me Help An Old Lady

Suggest you buy a new or used copy of Jane Bryant Quinn"s book, How to Make your Money Last, for both of you to read and keep as a reference.
by BL
Fri Dec 28, 2018 3:15 pm
Forum: Personal Investments
Topic: Help Me Help An Old Lady
Replies: 16
Views: 1726

Re: Help Me Help An Old Lady

Yes, don't call her an old lady! She is young and working, for goodness sakes! Even if she weren't, if she doesn't want your help, then leave her alone. However, I can relate to wanting her to manage as well as possible, especially since you might need to look after her in the future if funds run ou...
by BL
Fri Dec 28, 2018 9:47 am
Forum: Personal Finance (Not Investing)
Topic: QCD, RMD, and Roth conversions
Replies: 36
Views: 1218

Re: QCD, RMD, and Roth conversions

You need to take the entire RMD before you do any Roth conversions. In the year I become 70.5 the RMD may be postponed until the following year. If I choose to postpone it, does that mean I cannot do a Roth conversion in the year I become 70.5? --vtMaps Any distribution from tax-deferred is counted...
by BL
Fri Dec 28, 2018 12:46 am
Forum: Personal Finance (Not Investing)
Topic: Life Insurance - Is this too much?
Replies: 22
Views: 1863

Re: Life Insurance - Is this too much?

Did you buy from an independent insurance agent or one that represents only one company? Besides term4sale, you might want to have an independent agent shop for you based on your health. Be sure not to drop a policy until you have a replacement in place. So get that contract first! It is possible th...
by BL
Thu Dec 27, 2018 11:10 pm
Forum: Personal Investments
Topic: 401(K) for sister-in-law
Replies: 14
Views: 589

Re: 401(K) for sister-in-law

AMFDS AM BAL R6-MOD RLBGX .28
INVSCO EQ WGT S P 500 Y VADDX .28
One of these should work. Even if there is an additional .95% fee, it might be worth getting started on a 401k. Especially if she moves on to a different job so it could continue to grow in a Rollover IRA or good 401k.
by BL
Thu Dec 27, 2018 2:21 pm
Forum: Personal Investments
Topic: Need advice on generating retirement income
Replies: 14
Views: 1636

Re: Need advice on generating retirement income

It sounds like you decided against annuities when you took your pension lump-sum. So not sure why you are considering it now, but if you are, SPIAs (single premium immediate annuities) would be the only recommended type. Also, by not delaying your SS, you decided not to opt for a larger COLA-enhance...
by BL
Thu Dec 27, 2018 1:01 pm
Forum: Personal Investments
Topic: Update, and tax loss harvesting questions (Portfolio review)
Replies: 21
Views: 1365

Re: Update, and tax loss harvesting questions (Portfolio review)

In your own accounts, I'd sell all VBTLX to realize the losses and put it in a money market fund for the time being. Then I would spend some time to figure out your taxes, tax-efficiency, asset allocation, etc. +1 Simple and smart. Book your losses before the end of the year. We don't know what nex...
by BL
Wed Dec 26, 2018 4:11 pm
Forum: Personal Investments
Topic: Order cancellation at Vanguard
Replies: 11
Views: 1411

Re: Order cancellation at Vanguard

Seems like I always get the warning that an order cannot be cancelled, so have always assumed that is the case. This is with the old platform and funds, not ETFs.
by BL
Wed Dec 26, 2018 3:58 pm
Forum: Personal Investments
Topic: Bond % in portfolio
Replies: 6
Views: 800

Re: Bond % in portfolio

Are you ok with having a 50% decline in your million-dollar account when the market crashes, not knowing if it will recover or not in your lifetime? If your income is guaranteed, you won't starve at least. While the OP may have a 50% decline in defined contribution plan (only 1/3 of overall portfol...
by BL
Wed Dec 26, 2018 2:10 pm
Forum: Personal Investments
Topic: Bond % in portfolio
Replies: 6
Views: 800

Re: Bond % in portfolio

Are you ok with having a 50% decline in your million-dollar account when the market crashes, not knowing if it will recover or not in your lifetime? If your income is guaranteed, you won't starve at least.
by BL
Wed Dec 26, 2018 12:59 am
Forum: Investing - Theory, News & General
Topic: Which book? [for a new investor]
Replies: 21
Views: 1719

Re: Which book? [for a new investor]

Taylor's Gems in the Wiki lets you see some of the important points in a lot of these books, which may help you decide which to read. https://www.bogleheads.org/wiki/Taylor_Larimore%27s_Investment_Gems Edit: Don't overlook Jane Bryant Quinn's books and references on personal finance including invest...
by BL
Tue Dec 25, 2018 12:58 am
Forum: Personal Investments
Topic: From managed portfolio to Vanguard?
Replies: 8
Views: 916

Re: From managed portfolio to Vanguard?

I think your plan has a lot of merit. I don't think the tax cost would be near what you pay now. Simplicity is worth a lot, especially if you are ill or older. There is a tax-managed balanced fund at V that is about half and half stock/bond. Search for Vanguard Tax-Managed Balanced Fund Admiral Shar...
by BL
Mon Dec 24, 2018 3:48 pm
Forum: Personal Investments
Topic: Stay the course or change portfolio
Replies: 15
Views: 1695

Re: Stay the course or change portfolio

Don't keep switching. That is a sure way to lose.

Do some studying and decide on something you can stick with through better or worse. Maybe gradually keep buying whatever you decide is best until you reach the balance that you can live with.

https://www.etf.com/docs/IfYouCan.pdf
by BL
Mon Dec 24, 2018 3:43 pm
Forum: Investing - Theory, News & General
Topic: Which book? [for a new investor]
Replies: 21
Views: 1719

Re: Which book? [for a new investor]

The Bogleheads' Guide to Investing & The Bogleheads' Guide to the Three Fund Portfolio....both by Taylor Larimore. :wink: I've read many books on personal finance/investing...these two books are at the pinnacle of practical investing education. +1 Haven't read the second one yet, but the guide to i...
by BL
Mon Dec 24, 2018 11:48 am
Forum: Personal Investments
Topic: Massive losses; what if I die [before offsetting the losses]?
Replies: 55
Views: 7045

Re: Massive losses; what if I die?

This is my situation. I'm retired and have annuities that die with me. The annuities are more than sufficient; I'm still, and always will be, in the accumulation phase. I'm thinking endowment time frame, that's why I'm 100% stock, with sufficient pocket cash. In January I sold VTI to take maximum a...
by BL
Sun Dec 23, 2018 10:32 pm
Forum: Personal Investments
Topic: Best starter fund for new investor
Replies: 21
Views: 1256

Re: Best starter fund for new investor

flah wrote:
Sun Dec 23, 2018 8:29 pm
FFNOX
+1
Great idea! Fidelity® Four-in-One Index:
https://www.morningstar.com/funds/xnas/ffnox/quote.html
by BL
Sun Dec 23, 2018 9:25 am
Forum: Personal Finance (Not Investing)
Topic: DCA – change of tune, loss of nerve, and how to time?
Replies: 55
Views: 2951

Re: DCA – change of tune, loss of nerve, and how to time?

Your decision to TLH was a stroke of good luck! Now you can hold off on doing anything "permanent" for at least a month into the new year, which is exactly what the Wiki page on Windfalls recommends (well, perhaps a longer time). I think it takes the mind a while to adjust to a "new normal" so holdi...
by BL
Fri Dec 21, 2018 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Tax Savings on Charitable Donation?
Replies: 28
Views: 2127

Re: Tax Savings on Charitable Donation?

Looks like it is usually a limit of 50% of AGI (with carry-over to following years) according to this IRS website: https://www.irs.gov/charities-non-profits/charitable-organizations/charitable-contribution-deductions If you write out checks to charities that qualify, you can contribute up to 50% of...
by BL
Fri Dec 21, 2018 2:45 am
Forum: Personal Finance (Not Investing)
Topic: Buying vs renting - can I afford either?
Replies: 30
Views: 2289

Re: Buying vs renting - can I afford either?

Agree about checking into senior housing for now or later, and also check eligibility for Social Security Disability, if you haven't done so. Perhaps your doctor would be someone who would know if that is a possibility. Otherwise, if you are healthy I would delay SS as long as possible; every month ...
by BL
Wed Dec 19, 2018 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Savings on Charitable Donation?
Replies: 28
Views: 2127

Re: Tax Savings on Charitable Donation?

Looks like it is usually a limit of 50% of AGI (with carry-over to following years) according to this IRS website:
https://www.irs.gov/charities-non-profi ... deductions
by BL
Wed Dec 19, 2018 12:35 pm
Forum: Personal Investments
Topic: Shift from Core Four to Three Fund Portfolio?
Replies: 4
Views: 476

Re: Shift from Core Four to Three Fund Portfolio?

I only see REIT in 401k, so a simple answer might be to exchange it for Total Stock Market. That already has a small amount of REITs. Whether you need or should change is another question. Perhaps wait about 6 months before making a change so that it can be thought out thoroughly and not begin a pat...
by BL
Wed Dec 19, 2018 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Savings on Charitable Donation?
Replies: 28
Views: 2127

Re: Tax Savings on Charitable Donation?

.............. Thanks BL. Here's what I was thinking .... On the 13k LTCG savings ... If parents sold $100k of stock with a $60k LTCG they'd pay around $13k of tax. By donating they do not incur this tax (thus they can give $100k stock rather than $87k cash). Make sense? Yes, but they just got an i...
by BL
Wed Dec 19, 2018 10:35 am
Forum: Personal Finance (Not Investing)
Topic: Tax Savings on Charitable Donation?
Replies: 28
Views: 2127

Re: Tax Savings on Charitable Donation?

Here's my rough math, and will appreciate any insights. My parents just sold some real estate and have $500k in LTCG. They are going to place $100k into a donor advised fund. Here's what we are seeing as their rough tax savings .... Assume 40% combined tax bracket state and federal (they have RMDs,...
by BL
Wed Dec 19, 2018 10:17 am
Forum: Personal Investments
Topic: 2 Years In, New Questions Arise.
Replies: 15
Views: 2114

Re: 2 Years In, New Questions Arise.

For small $ needs, how about keeping that money in Prime Money Market, interest rate 2.35%, and price stays at $1/share so there is no gain or loss to worry about? Do you have an emergency fund in some kind of cash product (MM, savings, breakable CD), so that money is quickly available and you don't...
by BL
Tue Dec 18, 2018 11:33 pm
Forum: Personal Investments
Topic: New to TLH
Replies: 2
Views: 322

Re: New to TLH

Sorry, TLH only works in taxable accounts, not retirement accounts such as IRAs or 401Ks. You would owe tax on withdrawals from traditional IRAs or 401k.

Here is a link to the Wiki page:
https://www.bogleheads.org/wiki/Tax_loss_harvesting
by BL
Tue Dec 18, 2018 5:57 pm
Forum: Personal Investments
Topic: Help a dummy TLH...
Replies: 41
Views: 1788

Re: Help a dummy TLH...

Although dividends and long-term capital gains are taxed at the same rates, this does not mean capital losses can be used to offset dividends. However, if you have a net capital loss after offsetting all capital gains, up to $3,000 per year of capital loss may offset regular taxable income, which m...
by BL
Mon Dec 17, 2018 5:37 pm
Forum: US Chapters
Topic: Benefits of the Three Fund Portfolio printable inforgraphics and or PDFs
Replies: 8
Views: 689

Re: Benefits of the Three Fund Portfolio printable inforgraphics and or PDFs

Honestly I think the 16 page pdf is wonderful, but they will never read it.....this leads to the real crux of the issue. Some people are do not have the inclination or basic frugality to care about retirement planning.....All I can say is that government social security and medicare taxes at the le...
by BL
Sun Dec 16, 2018 9:02 pm
Forum: US Chapters
Topic: Benefits of the Three Fund Portfolio printable inforgraphics and or PDFs
Replies: 8
Views: 689

Re: Benefits of the Three Fund Portfolio printable inforgraphics and or PDFs

Maybe not the answer to your question but this great 16-page pdf shows the 3-fund portfolio and more good information for new investors:
https://www.etf.com/docs/IfYouCan.pdf
by BL
Sun Dec 16, 2018 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Significant Change in Salary - What to Change
Replies: 24
Views: 3411

Re: Significant Change in Salary - What to Change

You will save her SS costs now.
by BL
Sat Dec 15, 2018 8:52 pm
Forum: Personal Investments
Topic: ST Loss taken, ST Gain pending?
Replies: 4
Views: 262

Re: ST Loss taken, ST Gain pending?

No, there is no point to that. Sounds like you are back to where you want to be.

Use the loss to off-set up to 3k ordinary income at your tax rate. Any excess carries over to next year.

We don't know anything about your circumstances, which may affect your decisions here.
by BL
Sat Dec 15, 2018 3:36 pm
Forum: Personal Investments
Topic: Update, and tax loss harvesting questions (Portfolio review)
Replies: 21
Views: 1365

Re: Update, and tax loss harvesting questions (Portfolio review)

Nothing wrong with TLH, especially if you are doing it for your own account. Many investors never do this, so perhaps you should reconsider whether it is worth complicating his investments by doing this. Sometimes simplicity is worth something. It sounds like you helped him simplify which is great. ...
by BL
Sat Dec 15, 2018 1:26 pm
Forum: Investing - Theory, News & General
Topic: High Load and ERs
Replies: 7
Views: 705

Re: High Load and ERs

Is this a retirement account or just a regular taxable account? She should insist on online access to see her account. Is she now getting statements through the mail or does she pick them up in person? Trying to understand if it is the information that is secret (tax considerations) or just the chec...
by BL
Sat Dec 15, 2018 4:11 am
Forum: Personal Investments
Topic: 2 Years In, New Questions Arise.
Replies: 15
Views: 2114

Re: 2 Years In, New Questions Arise.

Usually if you sell to re-balance, you are selling high (with gains) so there is no wash sale to consider. If you sell in taxable at a loss, you would have a (partial) wash sale if you buy + or - 30 days in any of your or your spouse's taxable or IRA accounts (unless you also sell that, preferably b...