Search found 4042 matches

by cherijoh
Sun Mar 02, 2008 8:25 pm
Forum: Investing - Help with Personal Investments
Topic: 1099-R question (different lines for different funds)
Replies: 7
Views: 2840

Hi NAVigator, Thanks for the link. However, this is slightly different, as I mentioned. The 1099-DIV, clearly omits having a "Payer's name" at the top of the form, and also clearly mentions on the back of the form that each fund name is considered separate. The 1099-R is different in that...
by cherijoh
Fri Feb 29, 2008 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: Refinancing Incentive from Bank----Is it Taxable Income?
Replies: 4
Views: 1600

Normally, debt forgiveness results in taxable income. But under the Mortgage Forgiveness Debt Relief Act of 2007, enacted Dec. 20, taxpayers may exclude debt forgiven on their principal residence if the balance of their loan was less than $2 million. The limit is $1 million for a married person fil...
by cherijoh
Fri Feb 29, 2008 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: Refinancing Incentive from Bank----Is it Taxable Income?
Replies: 4
Views: 1600

Re: Refinancing Incentive from Bank----Is it Taxable Income?

Hi, Student loans have been so lucrative to banks that some offer rebates for consolidation loans. I had several PLUS loans (For parents of college students), which I consolidated with a loan company. They provided an incentive to me of a 4% cash rebate which amounted to over $3000. Today I receive...
by cherijoh
Tue Feb 26, 2008 5:51 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio help for 50 yr old
Replies: 14
Views: 3457

Chaika mentions the Vanguard FTSE All-World ex US Index Fund (VFITX). Would Vanguard Total International Stock Index (VGTSX) be a better choice for int'l index fund? The expense ratio and buy-in are lower for the Total Int'l and they appear to be the same type of fund. Many people consider the FTSE...
by cherijoh
Mon Feb 25, 2008 4:13 pm
Forum: Investing - Help with Personal Investments
Topic: Oh my, so which Int'l fund is BEST for a TAXABLE account?
Replies: 13
Views: 3506

Thanks, Sammy. Well, we're too 'poor' to get the Tax-Managed Int'l right now unless I go drastic and cut the $10k from our savings accounts...not a good idea for the next 2-4 years. So, that leaves me with FTSE. I'll go and research other threads to learn more about it and int'l investing in genera...
by cherijoh
Mon Feb 25, 2008 12:59 pm
Forum: Investing - Help with Personal Investments
Topic: 26 and just starting - good AA vs. bad 401k
Replies: 11
Views: 2727

You have gotten good advice about what to do currently. At some point you'll leave the current job and be able to do a roll-over IRA and then could diversify into other asset classes if you balances are substantial enough. But while your balances are relatively small, further slicing and dicing adds...
by cherijoh
Fri Feb 22, 2008 9:59 pm
Forum: Investing - Help with Personal Investments
Topic: Never own your home outright, Never pay it off
Replies: 114
Views: 39554

IMO the middle of the road approach is best. Having a mortgage in retirement makes no sense to me, but neither does making extraordinary sacrifices to get rid of your mortgage ASAP. I see a couple of major problems with the latter approach: To pay down the mortgage early, many people save less than ...
by cherijoh
Fri Feb 22, 2008 6:00 pm
Forum: Personal Finance (Not Investing)
Topic: Postage futures?
Replies: 8
Views: 1905

Re: Postage futures?

Is anyone buying postage futures in anticipation of the May postage increase? http://www.usps.com/prices/welcome.htm?from=bannercommunications&page=prices You can buy "Forever" stamps now for 41 cents that will be valid for 42 cent first class postage after the May 12 increase. Bob .....
by cherijoh
Tue Feb 19, 2008 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: What to do for taxes: Did not receive a 1099-Misc
Replies: 5
Views: 1927

Re: What to do for taxes: Did not receive a 1099-Misc

Hi, I did some work in 2006 and 2007 on the side for a company and was paid for it in 2007. This was not chump change (more than 2 grand), and I was expecting a 1099-Misc. I contacted the company on Feb 7, and apparently they have no clue. The person who I contacted last year to receive the check, ...
by cherijoh
Tue Feb 19, 2008 2:44 pm
Forum: Investing - Help with Personal Investments
Topic: Recharacterizing Roth > IRA
Replies: 2
Views: 1041

Re: Recharacterizing Roth > IRA

Because I'm hitting income limits for Roth eligibility I have to recharacterize it. I have an existing traditional IRA that I can transfer it to but I understand there are traditional nondeductible IRAs available to and I'm not sure what's best. What are people's thoughts on recharacterizing Roths ...
by cherijoh
Thu Feb 14, 2008 12:23 pm
Forum: Investing - Help with Personal Investments
Topic: 401k rolling to roth and tax filing question
Replies: 17
Views: 3436

Re: 401k rolling to roth and tax filing question

I want to roll over my small 401k from a previous job to my vanguard roth. for 2k8, my magi will be over the limit to roll into roth. If I would have done it last year i would not have been over limit. We haven't filed taxes for 2007 yet. Is it possible to roll over the 401k to the roth now (before...
by cherijoh
Thu Feb 14, 2008 11:00 am
Forum: Investing - Theory, News & General
Topic: The Great Debate! PART 1
Replies: 12
Views: 3173

Question for Larry Swedroe on Part II

Larry, I think there is a typo in your quote below from part II of the debate about annualized and annual returns. There is no way a 20% return one year followed by 0% in year 2 equals a 5% annualized return. Shouldn't it be 10% - calculated as 100x[(1.20(1.0)-1)/2]? C Allow me to explain. Annual re...
by cherijoh
Tue Feb 12, 2008 10:32 pm
Forum: Investing - Theory, News & General
Topic: “It wasn’t like it was for us.”
Replies: 29
Views: 5574

The Doyles took advantage of the housing boom by refinancing their home nearly every year since they bought it in 1995 for $275,000. Until their most recent loan they never had a problem making their payments. They invested much of the money in shares of companies that subsequently went bankrupt. T...
by cherijoh
Mon Feb 11, 2008 8:53 pm
Forum: Investing - Help with Personal Investments
Topic: $300,000 in Three Buckets...to last 30 years from age 66 to
Replies: 108
Views: 29552

markh wrote:What am I missing?

isnt 3 percent of 124,000 about 3700 per year? how does it come out to 1200 per month

mark


You are assuming spending interest only; the original poster is spending principal.

C
by cherijoh
Mon Feb 11, 2008 2:08 pm
Forum: Investing - Help with Personal Investments
Topic: IRS audit help
Replies: 26
Views: 5826

Re: IRS audit help

I just received an audit notice by IRS to have a three hours appointment with IRS small business self employed auditor. This is my first time been audit by IRS. But the strange thing is I’m not self employed or owning a small business. Is this a mistake or IRS small business self employed auditor a...
by cherijoh
Sun Feb 10, 2008 5:18 pm
Forum: Investing - Help with Personal Investments
Topic: Rollover IRA questions
Replies: 12
Views: 1942

I'm pretty sure the Vanguard rep was correct, but I am not a tax accountant. So you may want to check with one. If you roll your after-tax contribution over, you'll need to fill out a form 8606 to track your after-tax contributions. This also comes into play in later years if you want to do a Roth C...
by cherijoh
Sun Feb 10, 2008 10:45 am
Forum: Investing - Help with Personal Investments
Topic: Admiral Shares Status?
Replies: 2
Views: 1293

That's going to depend on how much capital gains are involved. The investor shares of both 500 Index and TSM have an ER of 0.15%, while admiral shares for TSM are 0.07%. So if you sell the 500 Index and buy TSM you'll start saving 0.08% per year on every dollar invested. If you just break admiral st...
by cherijoh
Sat Feb 09, 2008 6:13 pm
Forum: Investing - Theory, News & General
Topic: He bought a McMansion as substitute for a Retirement Fund
Replies: 34
Views: 7608

I live in a modest house in a very pricey zip code - at least by Charlotte, NC standards. A neighbor who is a local realtor has started sending out a customized market snapshot to potential clients. It includes 100 "comparable" homes in my zip code - although most are considerably larger t...
by cherijoh
Fri Feb 08, 2008 10:09 pm
Forum: Investing - Help with Personal Investments
Topic: Handling an IRA overcontribution
Replies: 7
Views: 2201

I over contributed two years ago. It is much simpler if you get this fixed before April 15. If your IRA is at Vanguard you can just call them and tell them to recharacterize a 2007 contribution as a 2008 contribution. You may owe a small amount of tax on your 2007 over contribution. I think this on...
by cherijoh
Wed Feb 06, 2008 5:00 pm
Forum: Investing - Help with Personal Investments
Topic: rollover small 401k to roth for 26yo? general thought proces
Replies: 9
Views: 2205

Wecome to the Diehards

Welcome to the Diehards. It sounds like you are on the right track. Definitely roll the 401k into a Roth. Be sure and do a trustee-to-trustee transfer. You first set up your new account and indicate that you want to fund it from your former employer's 401-k. It's new this year to do a direct rollove...
by cherijoh
Mon Feb 04, 2008 1:34 pm
Forum: Investing - Help with Personal Investments
Topic: Whacky Morningstar Return Numbers
Replies: 2
Views: 845

RaleighStClaire wrote:Maybe it had a nasty year-end distribution?


These are two classes of the same fund. The admiral shares just have lower expenses.
by cherijoh
Mon Feb 04, 2008 1:19 pm
Forum: Investing - Help with Personal Investments
Topic: Whacky Morningstar Return Numbers
Replies: 2
Views: 845

Whacky Morningstar Return Numbers

I was updating my portfolio in Morningstar Portfolio and noticed some really whacky return numbers. I have TSM as both admiral and investor shares in different accounts. The return numbers for YTD, 12 month, and 3 years appear as follows: VTSMX (investor shares): -4.75%, -1.97%, 7.88% VTSAX (admiral...
by cherijoh
Sun Feb 03, 2008 12:33 pm
Forum: Investing - Help with Personal Investments
Topic: 10 year Mortgages??
Replies: 11
Views: 2397

Re: 10 year Mortgages??

Hi all! I'm trying to locate and get rates online for a 10 year mortgage refinance and I'm striking out. Anyone have any ideas? I know this is a rare loan. Bankrate.com isn't much help either. I'm currently with Countryside 5 years into my 15 year mortgage and would consider a refi at 10 yr, depend...
by cherijoh
Sun Feb 03, 2008 1:01 am
Forum: Investing - Theory, News & General
Topic: ibbotson on commodities
Replies: 32
Views: 5622

Response to Tramper Al

Just as an aside, I'm looking at a $75 transaction fee to buy $100K PCRIX in my IRA at Fidelity. I find the costs at Fidelity to be pretty reasonable - except this one - so it's hard to get past. The $100K amount is fine. I can make a partial IRA transfer out from Fidelity without fee (that's nice)...
by cherijoh
Sat Feb 02, 2008 6:12 pm
Forum: Investing - Help with Personal Investments
Topic: Preperation in case of layoff
Replies: 39
Views: 9254

17. Go to monster.com, hotjobs.com and dice.com and post your resume. Create a free account, and set up a search or two. While less than 10% of jobs are found through these boards, that doesn't mean your new one won't be found that way! I would not recommend this. When I was really desperate I post...
by cherijoh
Thu Jan 31, 2008 9:18 pm
Forum: Investing - Theory, News & General
Topic: Do you have an open Home Equity Line of Credit (HELOC)?
Replies: 30
Views: 5637

I got a HELOC back in 2003 when prime rate was ~4%. Local banks were really competing for business, so I shopped around and got one that had zero fees and included a free checking (no minimum) account and free safety deposit box - even if I never drew any money out against the HELOC. I guess the ban...
by cherijoh
Thu Jan 31, 2008 10:29 am
Forum: Investing - Help with Personal Investments
Topic: Wrong salary on W-2
Replies: 8
Views: 2464

Check out pages 14 -15 in http://www.irs.gov/pub/irs-pdf/iw2w3.pdf for some items that might appear in Box 14 of your W-2. Personally, I've never had anything listed there. The employer is supposed to explain any items listed here, but apparently yours did not.

C
by cherijoh
Wed Jan 30, 2008 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: Career 2nd act - advice please
Replies: 67
Views: 14313

Have you considered getting a career coach? I know that many successful business people who are wondering "what next?" after selling a business use them. A friend of a friend is a career coach and it was quite interesting to hear how she works with her clients. Check out the website for th...
by cherijoh
Tue Jan 29, 2008 12:32 pm
Forum: Investing - Theory, News & General
Topic: Rick Ferri surprised me a bit
Replies: 51
Views: 11683

"This idea is appealing to me simply for rebalancing convenience. " This is definitely an appealing benefit. I would be interested in seeing how other folks allocate across various accounts. My retirement assets are divided by account type as: Taxable 41.3% Roll-Over IRA 53.4% Roth IRA 4....
by cherijoh
Mon Jan 28, 2008 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: Is corporate ambiance more toxic than in the past?
Replies: 17
Views: 3750

Re: Is corporate ambiance more toxic than in the past?

Do you think things are getting better, worse, or is it all about the same? Absolutely things are getting worse. Corporate heads are rewarded with huge bonuses for cutting costs - which usually means layoffs. This leaves the retained employees doing what was previously 1.5 - 3 peoples jobs. When pe...
by cherijoh
Sun Jan 27, 2008 10:04 pm
Forum: Personal Finance (Not Investing)
Topic: Future chronological table of tax
Replies: 4
Views: 1422

2010: Although there isn't an estate tax in 2010, they've also taken away a large tax benefit: the step-up basis rule. More or less, the estate tax is killled, a tax that didn't affect most estates, and in exchange they've taken away a tax benefit that affected most people. I don't think it's as ba...
by cherijoh
Sun Jan 27, 2008 9:03 pm
Forum: Investing - Help with Personal Investments
Topic: Effect of inheritance on allocation
Replies: 9
Views: 2358

For an international stock fund in a taxable account look at VG Tax managed International or the new VG FTSE All world ex-US. The latter includes Canada and emerging markets, so it makes a good "all-round" international fund.

C
by cherijoh
Sun Jan 27, 2008 8:29 pm
Forum: Investing - Theory, News & General
Topic: IRA confusion
Replies: 6
Views: 1470

I agree with LH's responses, but I want to add my own two cents for question 2. It is generally a bad idea to pay the taxes on conversion using funds from the IRA, since that will trigger a 10% penalty on the amount that was removed from the TIRA that was not converted to a Roth (i.e., the IRS will ...
by cherijoh
Thu Jan 24, 2008 1:12 pm
Forum: Investing - Help with Personal Investments
Topic: Mortgage Recast
Replies: 3
Views: 891

Re: Mortgage Recast

I am trying to help my sister and her husband out with this one... -> She and her husband recently purchased a home and obtained a mortgage with Countrywide -> According to her, Countrywide botched the paperwork at the close, so that they asked for a significantly smaller down payment than what was...
by cherijoh
Wed Jan 23, 2008 7:50 pm
Forum: Investing - Help with Personal Investments
Topic: When do your rebalance using "bands?" 5% out of wh
Replies: 2
Views: 800

I think this is fairly typical if you use a simple stock/bond split (e.g. 50/50 or 60/40). I combine this with recommended alternate rule of 25% of target AA for smaller components of an AA. For example if you had a target of 10% in REITS rather than waiting until it got to 5% or 15%, you would use ...
by cherijoh
Fri Jan 18, 2008 11:09 am
Forum: Investing - Theory, News & General
Topic: To Roth or Not -- That Is the Question
Replies: 2
Views: 886

This paper raises an interesting point - that a Roth 401k can't accept employer contributions. I know some Bogleheads are being given the choice of Roth or Traditional. If you choose Roth are you having to forego the matching contribution? Or does it go into a traditional 401k? Has anyone been offer...
by cherijoh
Thu Jan 17, 2008 3:50 pm
Forum: Investing - Theory, News & General
Topic: Wm Bernstein and Recency for those over 85 yrs old
Replies: 10
Views: 2672

Re: Wm Bernstein and Recency for those over 85 yrs old

I have read a lot of Wm Bernstein and recency and how current events shape our perception. I love reading history and Oral History in particular. Are there any people out there 85 yrs of age or older who could tell me how they view these times in the context of the Depression and WW II? It would se...
by cherijoh
Thu Jan 17, 2008 3:09 pm
Forum: Investing - Theory, News & General
Topic: Why not commodities?
Replies: 25
Views: 5528

I have decided to wait at least a year to move money into commodities from broader index funds like total stock market. Commodities have just had a very good run. My thinking is that it can't hurt much to wait a year or until they go down and see if the enthusiasm for them is still there after they...
by cherijoh
Tue Jan 15, 2008 9:51 pm
Forum: Investing - Help with Personal Investments
Topic: TIRA>Roth Conversion. Deductable and Non Deductable quest
Replies: 5
Views: 1440

The way to look at is did you pay taxes on any money that you contributed into the TIRA? If so, then not all your conversion to Roth will be taxable. But in your case, it sounds like the original contribution was all pre-tax. None of the earnings have been taxed. So the entire conversion amount will...
by cherijoh
Sun Jan 13, 2008 4:50 pm
Forum: Investing - Help with Personal Investments
Topic: Roth vs. vanilla 401(k)
Replies: 18
Views: 2807

If I were in your situation, I'd go with the Roth IRA rather than traditional. Since you will be able to shelter more of your paycheck, the main benefit of the Roth 401k is maximized IMO. Generally, I'm a proponent of not putting all my eggs in one basket, since there is no way to know the future - ...
by cherijoh
Fri Jan 11, 2008 5:42 pm
Forum: Investing - Help with Personal Investments
Topic: animation question
Replies: 13
Views: 3464

Gold buy-and-holders have been waiting twenty-seven years to recover that destroyed value. It's been a long, cold winter. Only for those few who bought their entire allocation at the very peak of mania. How long before the Nasdaq returns to its inflation adjusted peak? That could be a long winter d...
by cherijoh
Thu Jan 10, 2008 1:46 pm
Forum: Investing - Theory, News & General
Topic: Capital gains tax for 2008? way to increase cost basis?
Replies: 12
Views: 3391

Here's the thing I keep wondering ... are LTCG still stacked "on top of" ordinary income, when computing taxes during 2008 (and possibly 2009 and 2010) ? Seems like for some scenarios you might be better off stacking ordinary income on top of LTCG, since the LTCG that comes in under the 1...
by cherijoh
Wed Jan 09, 2008 2:27 pm
Forum: Investing - Theory, News & General
Topic: Opportunistic Rebalancing: A New Paradigm
Replies: 69
Views: 20869

it's really nice article and the research looks very sound. but i'm not quite sure what is the advantage of not rebalancing all the way to the target % numbers though? they said that 25-50-75% of tolerance bands don't make significant difference. since that number won't determine if you need to see...
by cherijoh
Tue Jan 08, 2008 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: Traveling to Europe... what to bring?
Replies: 35
Views: 9359

Keep in mind that Europe is a lot further north than you may think - Madrid is approximately same latitude as NYC. So it may be cooler than you expect. Pack a sweater or a fleece and a light rain jacket. But if they run into a heat wave almost nothing is air-conditioned, so be sure and bring some co...
by cherijoh
Tue Jan 08, 2008 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: About Credit Reports
Replies: 11
Views: 2862

imrbilly wrote:thanks for the replies
what about the credit score?
i have to purchase that to see what my score is?
anyway around that?


I think you have to pay for it, unless you have applied for a mortgage and then you should be able to get a copy of that credit report (with score) from your lender.

C
by cherijoh
Fri Jan 04, 2008 10:34 pm
Forum: Investing - Theory, News & General
Topic: How many investment accounts do you have?
Replies: 13
Views: 2659

Using Nisiprius' definition, I have 3 investment accounts - my vanguard account and 2 other mutual fund families (older accounts with lots of embedded cap gains) that aren't available NTF from Vanguard. My VG account has about 85% of my total retirement assets. It includes taxable VG funds, taxable ...
by cherijoh
Fri Jan 04, 2008 2:14 pm
Forum: Investing - Theory, News & General
Topic: Max tolerable loss - what does it mean?
Replies: 35
Views: 6397

A 40% loss tolerance would require some aggressive post-allocation measures to recover from such a fall. It would require at least a 67% return on your portfolio just to recover back to even. You cannot get there by retreating to all cash, and thus, you would need to remain in an aggressive mode. I...
by cherijoh
Tue Jan 01, 2008 10:58 pm
Forum: Investing - Theory, News & General
Topic: Do you do your own taxes?
Replies: 53
Views: 14404

I selected "do by hand" even though I tally things in Excel and use the pdf files from irs.gov. I've tried both Tax Cut and Turbo Tax in the past but they ended up taking longer than I would doing it by hand - I'm a slow typist, so recreating all the 1099's is time-consuming. (I might save...
by cherijoh
Tue Jan 01, 2008 10:32 pm
Forum: Investing - Theory, News & General
Topic: About Greed and the Housing Market
Replies: 20
Views: 4296

Re: About Greed and the Housing Market

Rich - I wasn't implying that a bailout was a good solution. I don't think there IS a good solution, since things were allowed to so far out of whack. I was simply pointing out that it isn't all black & white as I interpreted your response to indicate. I think many people who make the point abou...
by cherijoh
Mon Dec 31, 2007 10:51 pm
Forum: Investing - Theory, News & General
Topic: About Greed and the Housing Market
Replies: 20
Views: 4296

Re: About Greed and the Housing Market

Sure there will be lots of pain for certain people but the beauty of this is that the people that SHOULD take the pain WILL take the pain. Moral hazard will be enforced. Rich, I 'm afraid you are being horribly naive with the above statement - there will also be a lot of collateral damage to innoce...