Search found 492 matches

by harmony
Mon Feb 19, 2018 12:49 am
Forum: Investing - Theory, News & General
Topic: Any reason for equities in tIRA, if there is space for Total Equity Allocation in Taxable and Roth Accounts
Replies: 7
Views: 688

Re: Any reason for equities in tIRA, if there is space for Total Equity Allocation in Taxable and Roth Accounts

We used a balanced fund for that purpose. Recall that bonds funds have been unpredictable during the last few years, so a balanced fund gave us more predictability. Since we were doing rollovers steadily during those years, we didn’t want to deplete the tIRA so rapidly so that it couldn’t later be u...
by harmony
Sun Feb 18, 2018 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: Any other 2017 tax benefits available for our child?
Replies: 5
Views: 711

Re: Any other 2017 tax benefits available for our child?

Being a little older and thinking back to when we had our first child like you, I have to ask if you have contributed to a Roth or Traditional IRA. I missed a couple of years when our oldest was very young. IRAs were a new kind of investment back then and financial planning information wasn't as rea...
by harmony
Sun Feb 18, 2018 10:42 am
Forum: Personal Finance (Not Investing)
Topic: Tax Act Suggesting Married Filing Separate
Replies: 10
Views: 1657

Re: Tax Act Suggesting Married Filing Separate

Here are some links on federal taxation in community property states. The Intuit link quotes a CPA who practices in Wisconsin.

https://turbotax.intuit.com/tax-tips/ma ... /L4jG7cq7Z

https://www.irs.gov/pub/irs-pdf/p555.pdf
by harmony
Sun Feb 18, 2018 12:38 am
Forum: Investing - Help with Personal Investments
Topic: Cost Basis for Inherited Farm
Replies: 2
Views: 474

Re: Cost Basis for Inherited Farm

I inherited farmland from my mother whose one-half of the farm had been held in trust for over 20 years. When my father passed away, our mother’s half of the farm had capital gains tax due on it. This was spread out amongst many siblings, some of whom were in the 0% capital gains bracket. For those ...
by harmony
Sat Feb 17, 2018 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Act Suggesting Married Filing Separate
Replies: 10
Views: 1657

Re: Tax Act Suggesting Married Filing Separate

To assist TaxAct in computing this correctly, make sure you attribute the capital gain income to the correct spouse. On the top of the “Document Received” form or the K-1 entry form you have to be sure that the correct spouse’s name is checked. I don’t think you’re allowed to decide this for yoursel...
by harmony
Fri Feb 16, 2018 10:51 pm
Forum: Investing - Help with Personal Investments
Topic: Foreign Tax Credit on Iowa State Income Tax
Replies: 7
Views: 685

Re: Foreign Tax Credit on Iowa State Income Tax

Thank you. I missed this on TaxAct's Q&A in prior years. I won't amend past returns, but I will file state FTC going into the future.
by harmony
Thu Feb 15, 2018 8:56 pm
Forum: Investing - Help with Personal Investments
Topic: Disabled and need Investment Advice
Replies: 10
Views: 993

Re: Disabled and need Investment Advice

It would have to be a two-life annuity.
by harmony
Thu Feb 15, 2018 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: Reporting LTC Benefit onTaxes
Replies: 3
Views: 456

Re: Reporting LTC Benefit onTaxes

Very interesting question, all new to me, but I will probably need to know the answer one day. My TaxAct software does not allow for entering 1099-LTC directly either, but I can open the Form 8853 by hovering over the dotted line on Line 21 “Other Income”. http://www.thinkadvisor.com/2014/03/19/how-...
by harmony
Thu Feb 15, 2018 1:21 am
Forum: Investing - Help with Personal Investments
Topic: Looking for a $0 Fee Brokerage for IRA
Replies: 5
Views: 945

Re: Looking for a $0 Fee Brokerage for IRA

Does it have to be a brokerage? If not, you could hold your IRA in mutual funds directly with a few mutual fund companies. If the company has a family of funds, it is possible to move IRA assets among those funds without fees or taxes. I can exchange funds in my account online at a mutual fund compa...
by harmony
Thu Feb 15, 2018 12:47 am
Forum: Personal Finance (Not Investing)
Topic: Changing from SS Spousal to Survivor
Replies: 26
Views: 1885

Re: Changing from SS Spousal to Survivor

I help someone on SSDI track his SS benefits. When a mistake is discovered by SSA they will correct it. This might take a few months, but they have always come through. It wouldn’t hurt to ask. (Maybe after the person is deceased there is no going back.) Since the person you are concerned about is e...
by harmony
Wed Feb 14, 2018 12:55 pm
Forum: Investing - Theory, News & General
Topic: Why do American Funds hold so much cash?
Replies: 8
Views: 1373

Re: Why do American Funds hold so much cash?

Some AFs prospectuses do allow for larger cash holdings which the fund managers use when compelling equity opportunities are lacking. This is a conservative fund company, not known for high volatility, yet many AFs funds are high performers. Larger cash positions are stabilizers. My response is base...
by harmony
Tue Feb 13, 2018 1:10 pm
Forum: Investing - Help with Personal Investments
Topic: Hellbent on sustainability funds - which ones?
Replies: 11
Views: 1502

Re: Hellbent on sustainability funds - which ones?

Mutual funds can also be analyzed at fossilfreefunds. Supposedly they were no longer offering data for international funds due to the expense of the data; but I entered FNYIX and DFSPX and got some results. I again screened for all five types of fossil fuel stocks: $379 / $10,000 - VFTSX - Vanguard ...
by harmony
Tue Feb 13, 2018 12:23 pm
Forum: Investing - Help with Personal Investments
Topic: Hellbent on sustainability funds - which ones?
Replies: 11
Views: 1502

Re: Hellbent on sustainability funds - which ones?

Ultralight, good to see what you have come up with. I take it that your father defines sustainability as the absence of fossil fuel stocks given that this is how you have proceeded. Have you checked the carbon intensity of these ETFs with the online screening tools at either fossilfreefunds.org or e...
by harmony
Mon Feb 12, 2018 3:31 pm
Forum: Investing - Help with Personal Investments
Topic: ETF SRI Allocation
Replies: 9
Views: 730

Re: ETF SRI Allocation

If you wish to drill all the way down to the company level, enter the ticker in the search window at fossilfreefunds.org. Once the dashboard comes up for the fund, click on the fund name itself and up will come the company-level information. I haven’t found a way to compare 2 different ETFs from dif...
by harmony
Mon Feb 12, 2018 2:05 pm
Forum: Investing - Help with Personal Investments
Topic: ETF SRI Allocation
Replies: 9
Views: 730

Re: ETF SRI Allocation

The link provided upthread for etf.com is the ESG ETFs link. It is not the Socially Responsible ETFs link. There is considerable overlap within ESG and SRI, but to get the broadest listing of both ESG (Ishares) and Socially Responsible (Nushares) ETFs, you will need to use the “Socially Responsible”...
by harmony
Sun Feb 11, 2018 8:42 pm
Forum: Investing - Help with Personal Investments
Topic: ETF SRI Allocation
Replies: 9
Views: 730

Re: ETF SRI Allocation

Yes, at first glance Ishares ESG ETFs seem so similar to Nushares ESG ETFs that one might well wonder what the difference is to warrant a higher ER for one over the other. Indeed this might not make any difference for some. For others, the stated restrictive, exclusionary screens of Nushares will ma...
by harmony
Sun Feb 11, 2018 4:29 pm
Forum: Investing - Help with Personal Investments
Topic: ETF SRI Allocation
Replies: 9
Views: 730

Re: ETF SRI Allocation

I entered the ETFs you identified in the TD Ameritrade tool to see how the sectors balance in your chosen combination. I noted this: Sector / Fund / Benchmark Financials / 17.48 / 14.89 Information Technology / 19.07 / 24.22 All other sectors were closer to their benchmark or smaller sectors to begi...
by harmony
Sun Feb 11, 2018 1:08 am
Forum: Investing - Help with Personal Investments
Topic: Hellbent on sustainability funds - which ones?
Replies: 11
Views: 1502

Re: Hellbent on sustainability funds - which ones?

Does your father have access to the brokerage platform at Vanguard for his SEP 401k? If so, he has access to many screened ETFs. The best place I’ve found for tracking the ever-expanding number of these is at etfdb.com. At that site, enter “Socially Responsible ETF List” in the search window. There ...
by harmony
Fri Feb 09, 2018 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: Is there a way to figure 2018 taxes?
Replies: 18
Views: 2782

Re: Is there a way to figure 2018 taxes?

This guy's spreadsheet is pretty darn GOOD, though I have noticed some minor flaws like the HSA contribution limit is still $6750, instead of $6900. Free to download, it's literally just all the tax forms in Excel format, so you do have to do quite a bit of manual input. https://sites.google.com/si...
by harmony
Wed Feb 07, 2018 10:41 am
Forum: Personal Consumer Issues
Topic: Want a Safe Car, Feel Guilty
Replies: 72
Views: 6108

Re: Want a Safe Car, Feel Guilty

I bought a 2005 Honda Accord in 2008 thinking I would age well with it since it had low miles. The car still has low miles, but I have aged faster it seems. The low seat position requires a lot of flexing of the iliopsoas (hip flexor) muscle. This is the largest muscle in the human body and when it ...
by harmony
Tue Feb 06, 2018 8:23 pm
Forum: Personal Finance (Not Investing)
Topic: 1040-ES estimated quarterly taxes vs. extra pension witholding
Replies: 9
Views: 910

Re: 1040-ES estimated quarterly taxes vs. extra pension witholding

If you anticipate other taxable income such as dividends and capital gains, be sure to include tax for that with your pension withholding. If you are receiving Social Security benefits, you’ll need to anticipate how much of Social Security will be taxable, but this is often difficult to predict for ...
by harmony
Tue Feb 06, 2018 12:19 pm
Forum: Investing - Help with Personal Investments
Topic: Hellbent on sustainability funds - which ones?
Replies: 11
Views: 1502

Re: Hellbent on sustainability funds - which ones?

Go to Morningstar’s free Instant X-Ray tool. Enter the ticker for Total Stock Market to find out the style box and other values for that fund. Open another window with M* Instant X-Ray where you can enter the sustainable fund tickers that are available to your father in his 401k. Keep editing the pe...
by harmony
Sun Feb 04, 2018 1:00 pm
Forum: Investing - Help with Personal Investments
Topic: Any reason to not roll my 457 into my solo401k?
Replies: 1
Views: 185

Re: Any reason to not roll my 457 into my solo401k?

I held onto my 457b as long as there was a chance I might work with that employer again, so the open account in my name could receive more employer retirement contributions. I didn’t want to transfer out twice. In your case, I think it makes sense to at least combine the two 457bs. Once I was close ...
by harmony
Thu Feb 01, 2018 10:13 am
Forum: Investing - Theory, News & General
Topic: information about TIAA "revenue sharing" policies
Replies: 8
Views: 1285

Re: information about TIAA "revenue sharing" policies

Could this possibly explain why years after retirement, our State U. former employer keeps adding to the employee’s 403b, thus necessitating that we take steps to get it swept into the employee’s Minimimum Distribution Option contract so it can be included in the annual required minimum distribution...
by harmony
Tue Jan 30, 2018 6:08 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA 403b R1, managing high ER, Questions re TRAD in rising int rate env & Social Choice
Replies: 13
Views: 1009

Re: TIAA 403b R1, managing high ER, Questions re TRAD in rising int rate env & Social Choice

We’ve used Social Choice Multi-Asset fund to weather through the Great Recession and a few wobbly-bond periods since then. The fixed income and equities are actively managed, but the fund has such a large number of holdings that it may function somewhat like an index fund. In a period of bond uncert...
by harmony
Fri Jan 26, 2018 6:22 pm
Forum: Personal Consumer Issues
Topic: Could meditation help deal with market distress?
Replies: 32
Views: 2058

Re: Could meditation help deal with market distress?

I heard a mental health therapist give a talk in which he discussed anxiety: It can take as little as 45 seconds for anxiety to build, but it takes 45 minutes for the body to come back to a normal state again. Any further attention to the stresser during those 45 minutes of unwinding starts those 45...
by harmony
Fri Jan 26, 2018 1:03 pm
Forum: Investing - Theory, News & General
Topic: How does everyone keep track of your portfolio?
Replies: 171
Views: 20376

Re: How does everyone keep track of your portfolio?

I thought I would try to answer my own question, so I loaded everything into the Vanguard Account tool. I had to start over a couple of times because I had forgotten to include some smaller accounts. It was very helpful that VG remembered the number of shares so that if I got the first digit of the ...
by harmony
Thu Jan 25, 2018 9:02 pm
Forum: Investing - Theory, News & General
Topic: How does everyone keep track of your portfolio?
Replies: 171
Views: 20376

Re: How does everyone keep track of your portfolio?

How does the “Outside Investments” feature, available with a Vanguard Account, compare with Morningstar free portfolio tracker in terms of breadth of features and ease of use, for anyone with experience with both? Thanks again for sharing your knowledge.
by harmony
Wed Jan 24, 2018 8:15 pm
Forum: Investing - Theory, News & General
Topic: How does everyone keep track of your portfolio?
Replies: 171
Views: 20376

Re: How does everyone keep track of your portfolio?

I have been using M* portfolio feature since 1994. All you have to do is create a free account, insert ticker and number of shares, and what you paid (not necessary but interesting). Has gazillion statistics, updates after the close of markets every day and is totally free. You can download the por...
by harmony
Wed Jan 24, 2018 6:05 pm
Forum: Investing - Help with Personal Investments
Topic: Socially responsible bonds
Replies: 15
Views: 1345

Re: Socially responsible bonds

I have been an SRI investor for over 35 years. I can’t invest in a tobacco company, then turn around and give that profit to a cancer society. Addiction is too harmful to humans, in my mind, to do that. While not screened according to SRI ESG criterion per se, tax-exempt municipal bonds work for me....
by harmony
Wed Jan 24, 2018 11:28 am
Forum: Personal Consumer Issues
Topic: Swing Shift vs 8-5
Replies: 36
Views: 3276

Re: Swing Shift vs 8-5

Absent management during off-shifts and the difficulty of calling other contracted help during those off-hours helped to create the conditions that led to the hazard that precipitated my brother’s death: That, and the fact that darkness did not allow him to see the hazard. Google "high blood pressur...
by harmony
Tue Jan 23, 2018 9:46 pm
Forum: Personal Consumer Issues
Topic: Swing Shift vs 8-5
Replies: 36
Views: 3276

Re: Swing Shift vs 8-5

Testimonial? I had a very dear brother, single, in his fifties. He worked night shift at a plant most of his career. He had an opportunity to work the day shift, but another worker with less seniority beat him to it. He was frustrated. I encouraged him to think of the parenting presence that the oth...
by harmony
Mon Jan 22, 2018 12:01 am
Forum: Personal Finance (Not Investing)
Topic: Logistics of using I Bonds as Emergency Fund?
Replies: 5
Views: 1356

Re: Logistics of using I Bonds as Emergency Fund?

Go to the Treasury Direct website and find the Savings Bonds section. There will be a Forms tab which will give a long list of forms. One of them is Form 5188, Durable Power of Attorney for Securities and Savings Bond Transactions. There are 3 levels of authority offered. Would any of these work for...
by harmony
Sat Jan 20, 2018 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Death Bed Donation: 1041 Charitable Deduction?
Replies: 0
Views: 283

Death Bed Donation: 1041 Charitable Deduction?

On his death-bed a relative made a verbal donation of five figures to a charity. This was witnessed by the executor of his will and by hospital staff. Though not recorded in his will, his heirs knew he was considering this and will sign off on this as the probate lawyer said will be required. His in...
by harmony
Mon Jan 01, 2018 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: Disability Benefits for special needs child
Replies: 5
Views: 851

Re: Disability Benefits for special needs child

1. So as I read it, to get SSDI, one adult, presumably the oldest, needs to file, so the sooner you file, the sooner he gets benefits, but obviously you will get reduced benefits vs regular or delayed retirement age. As I understand it, the child gets 50% of your retirement benefits at regular reti...
by harmony
Sun Dec 31, 2017 8:04 pm
Forum: Personal Finance (Not Investing)
Topic: Who should we appoint as executor?
Replies: 33
Views: 3171

Re: Who should we appoint as executor?

You might want to read “Beyond The Grave” by Jeffrey Condon to help you with your decision.
+1
by harmony
Sun Dec 31, 2017 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: How to take advantage of lowered property value?
Replies: 24
Views: 1773

Re: How to take advantage of lowered property value?

The rules for seller disclosure, at least in my state, are in some cases much more lenient for an estate. A realtor we hired to sell an estate property told the executor up front that one particular environmental problem would not be the estate’s responsibility to mitigate. It surprised us because w...
by harmony
Sat Dec 30, 2017 9:36 pm
Forum: Personal Finance (Not Investing)
Topic: Disability Benefits for special needs child
Replies: 5
Views: 851

Re: Disability Benefits for special needs child

Our son qualified for SSI at age 18. When the first parent began taking Social Security benefits some years later, our son applied for SSDI and was seamlessly transitioned to that program with Medicare as his insurance. There was no 24-month wait since he was disabled prior to age 22. He still has l...
by harmony
Fri Dec 29, 2017 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: Sell Ind. Stock during Probate or not?
Replies: 7
Views: 694

Re: Sell Ind. Stock during Probate or not?

I am not the executor, but I am often asked by the executor to research things for him, especially if he hasn’t gotten clear guidance from the estate attorney. The attorney said he wouldn’t be able to account for tax consequences since our individual tax brackets range from low to high; thus it isn'...
by harmony
Fri Dec 29, 2017 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Prepay 2018 property taxes to save STATE tax deduction?
Replies: 7
Views: 700

Re: Prepay 2018 property taxes to save STATE tax deduction?

Similar situation here: We are not going to use federal Schedule A because a late-in-the-year inheritance with tax consequences brought our taxable income so high that it will not be worth it to itemize, despite having very high medical expenses in 2017. I checked our state Schedule A which we are a...
by harmony
Thu Dec 28, 2017 5:50 pm
Forum: Investing - Theory, News & General
Topic: IRA question
Replies: 5
Views: 648

Re: IRA question

It’s not only the RMDs, but the taxation of Social Security that puts a squeeze on the tax bracket. Some relief may come in the form of the tax bill which doubles the standard deduction, but that is not set to be permanent. So there are three closing windows which could be navigated. An additional c...
by harmony
Thu Dec 28, 2017 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: Sell Ind. Stock during Probate or not?
Replies: 7
Views: 694

Re: Sell Ind. Stock during Probate or not?

In case of any disagreement amongst the heirs, the will says that the executor is to distribute the property equitably. All of the brokerage accounts list the estate as the beneficiary. My relative held these stocks a long time and was pre-deceased by some heirs. Making the estate the beneficiary wa...
by harmony
Thu Dec 28, 2017 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Sell Ind. Stock during Probate or not?
Replies: 7
Views: 694

Sell Ind. Stock during Probate or not?

The circumstances of this case apply to me but I have rounded the numbers for simplicity. A relative died in 2017 leaving $1 million of highly-appreciated individual stocks to his estate with 10 named heirs. He also left his heirs $1 million worth of prime farmland, and a negligible amount of person...
by harmony
Tue Dec 26, 2017 12:40 pm
Forum: Investing - Theory, News & General
Topic: NavyFed IRA CDs: 32-months 2.75% APY
Replies: 24
Views: 2604

Re: NavyFed IRA CDs: 32-months 2.75% API

Would a retired Navy veteran need to physically walk in to a Navy credit union branch to set up an account, or can one be set up remotely? Some of these military locations require clearance to enter and the nearest is quite some distance from where we live.
by harmony
Wed Dec 20, 2017 10:28 am
Forum: Personal Finance (Not Investing)
Topic: Paying Medicare premiums a year at a time.
Replies: 2
Views: 595

Re: Paying Medicare premiums a year at a time.

When one of us was paying quarterly Medicare Part B premiums, then started taking Social Security, there would have been one odd month remaining. (The premium was not being taken from the person’s monthly benefit, because that benefit hadn’t been started yet.) CMS allowed that four months premium co...
by harmony
Wed Dec 20, 2017 1:59 am
Forum: Investing - Help with Personal Investments
Topic: If you hold CDs as part of your bond AA, can it be in an IRA?
Replies: 7
Views: 1024

Re: If you hold CDs as part of your bond AA, can it be in an IRA?

In early 2009 I put my Roth IRA investment for the 2008 tax year in a CD at my credit union because I didn’t want to invest in a market that hadn’t reached bottom yet. Equities recovered, but my CD lagged. When the CD came due, I transferred it to an equity Roth account I had with a mutual fund comp...
by harmony
Mon Dec 18, 2017 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: ABLE accounts tax deduction timing
Replies: 1
Views: 283

ABLE accounts tax deduction timing

If you are from one of the states which allows a state tax deduction and you will be contributing to an ABLE account for someone, be aware that your contribution may need to arrive by Dec. 31, 2017; not just be postmarked by Dec. 31, 2017. There may be variations of the rules from state to state, so...
by harmony
Wed Dec 13, 2017 8:57 pm
Forum: Personal Finance (Not Investing)
Topic: TaxAct and alternatives
Replies: 119
Views: 12548

Re: TaxAct and alternatives

Thank you, 2015, for sharing your experience with your downloaded preview of TaxAct. That will help us greatly with our planning. Regarding the Roth re-characterization which you are attempting to model, have you checked to make sure that in your 1099-R dummy that you filled out that you put the cor...
by harmony
Wed Dec 13, 2017 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: TaxAct and alternatives
Replies: 119
Views: 12548

Re: TaxAct and alternatives

2015, is this your preview copy of the download version of TaxAct which you ordered earlier this season? From what you see so far, are the tax tables updated to 2017 rates or are they still listed as 2016 rates? I ask because we and maybe some others on the forum would like to use the preview versio...
by harmony
Mon Dec 11, 2017 10:55 pm
Forum: Personal Finance (Not Investing)
Topic: States with tax-friendly policies for dividends/LTCG
Replies: 16
Views: 2259

Re: States with tax-friendly policies for dividends/LTCG

The Motley Fool has a list of states with zero tax and a color-coded map of all states showing these tax rates. https://www.fool.com/taxes/2014/10/04/the-states-with-the-highest-capital-gains-tax-rate.aspx Note: The article is over 3 years old and doesn't address taxes on dividends, only taxes on lo...