Search found 486 matches

by prd1982
Wed Apr 21, 2021 8:38 pm
Forum: Personal Investments
Topic: Vanguard blocking SOME exchanges/sells, why?
Replies: 8
Views: 1522

Re: Vanguard blocking SOME exchanges/sells, why?

I’d call Vanguard and ask for the reason before suggesting your friend make any changes.
by prd1982
Wed Apr 14, 2021 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: "Nobody's ever regretted paying off the mortgage."
Replies: 491
Views: 32286

Re: "Nobody's ever regretted paying off the mortgage."

Paying off your mortgage may not be the best financial decision, but it won’t be the worst investment decision you make.
by prd1982
Tue Apr 13, 2021 5:52 pm
Forum: Personal Finance (Not Investing)
Topic: How would you handle this? -- big utility company problem!
Replies: 68
Views: 4838

Re: How would you handle this? -- big utility company problem!

Do your neighbors in the attached house know about the mixup? They are in for a real shock.
by prd1982
Mon Apr 12, 2021 4:15 pm
Forum: Personal Investments
Topic: american funds cost basis accounting
Replies: 9
Views: 641

Re: american funds cost basis accounting

My suggestion, assuming American Funds will sell the non-covered shares first if you don't specify which shares to sell: * Determine the cost-basis for the non-covered shares by adding the initial purchase price (5K), and all the reinvested dividends and capital gains through the end of 2011. * Divi...
by prd1982
Mon Apr 12, 2021 12:59 pm
Forum: Personal Investments
Topic: american funds cost basis accounting
Replies: 9
Views: 641

Re: american funds cost basis accounting

When I sold some TR Price shares using avg cost, they sold the non-covered shares first. Only when the non-covered got to 0 did they sell the covered shares. So if you sell non-specific shares, don’t be surprised in your oldest are sold first. These are likely to be the shares with the most capital ...
by prd1982
Sun Apr 11, 2021 7:55 pm
Forum: Personal Investments
Topic: Required minimum distributions: All to QCDs vs. ROTH conversions
Replies: 7
Views: 704

Re: Required minimum distributions: All to QCDs vs. ROTH conversions

If you plan on doing a QCD of the entire RMD, don’t do a Roth.
by prd1982
Sat Apr 10, 2021 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: Paper return - did you receive your 2020 refund?
Replies: 3
Views: 289

Re: Paper return - did you receive your 2020 refund?

Some of us had to go snail mail route due to a reason beyond our control. Creating this to keep the hope alive, one day the snail will WIN the race :happy I also had to submit paper for a relative. Forget winning. Just looking forward to finishing. We can’t close the estate until we get the refund ...
by prd1982
Sat Apr 10, 2021 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Ed Slott's new book NEW RETIREMENT SAVINGS TIME BOMB
Replies: 154
Views: 11256

Re: Ed Slott's new book NEW RETIREMENT SAVINGS TIME BOMB

This is not a “time Bomb” or “tax torpedo”. It is simply the possibility to have some of your income taxed at a higher bracket. Most people in this country would love this problem. The title seems aimed at those people who consider taxes a sin.
by prd1982
Thu Apr 08, 2021 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: Questions for 10+ year retirees
Replies: 21
Views: 2938

Re: Questions for 10+ year retirees

I've only been retired a little over 9 years. But since you haven't had a lot of replies: * Excluding income tax, charity and gifts, our spending has dropped approximately 2.5% a year in inflation-adjusted (real) terms. * Our non-COLA pension accounted for 1/3rd of our spending when I retired. We ha...
by prd1982
Fri Apr 02, 2021 3:35 pm
Forum: Personal Investments
Topic: American Funds 401K Wife new Job
Replies: 15
Views: 723

Re: American Funds 401K Wife new Job

ruralavalon wrote: Fri Apr 02, 2021 3:27 pm Her company might want to consider a different plan provider.
As a new employee, I would not bring this up.
by prd1982
Fri Apr 02, 2021 3:33 pm
Forum: Personal Investments
Topic: American Funds 401K Wife new Job
Replies: 15
Views: 723

Re: American Funds 401K Wife new Job

I suspect the high expense ratios are because: * small number of users with small balances * company is having the participants to pay all/most the cost of running the plan * these are actively mananged funds. Even if index funds, the expense ratios would be higher than directly investing in a taxab...
by prd1982
Fri Apr 02, 2021 2:18 pm
Forum: Personal Investments
Topic: High expense ratio vs. high tax consequences?
Replies: 19
Views: 1409

Re: High expense ratio vs. high tax consequences?

You first need to look up the cost basis of your holdings. You only owe taxes on the difference. Your yearly dividends & capital gains have been used to buy more shares. The cost of the new shares have been added to your basis. I suspect you will owe a lot less than you think. At a minimum, turn...
by prd1982
Wed Mar 31, 2021 4:40 pm
Forum: Investing - Theory, News & General
Topic: For those using a Roth IRA since the beginning (1998?), what's your balance? (Come on, we're anonymous)
Replies: 68
Views: 6421

Re: For those using a Roth IRA since the beginning (1998?), what's your balance? (Come on, we're anonymous)

illumination wrote: Wed Mar 31, 2021 4:32 pm I agree, if anything it probably resulted in him [Mitt] paying more taxes.
Don't bet on it. He is a big donor to his church. Think QCDs & beneficiary. I'm pretty sure Mitt understood the tax rules for IRAs.
by prd1982
Tue Mar 30, 2021 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: 1041 allocation of income between beneficiaries and estate
Replies: 2
Views: 250

Re: 1041 allocation of income between beneficiaries and estate

MarkNYC,

Thanks for the info. Doing by hand reminds me why I love the H&R Block program. But this estate is too small to justify buying a tax program or hiring a tax preparer.
by prd1982
Tue Mar 30, 2021 1:53 pm
Forum: Personal Consumer Issues
Topic: Battery operated garden tools
Replies: 21
Views: 3212

Re: Battery operated garden tools

jpelder wrote: Tue Mar 30, 2021 10:34 am
Of course, with your mower being a Honda, it will probably outlive us all!
It’s already 10+ years. I’m mainly looking because of the noise. With so many folks working from home these days, I feel guilty running the mower while they are trying to use Zoom.
by prd1982
Mon Mar 29, 2021 3:56 pm
Forum: Personal Consumer Issues
Topic: Battery operated garden tools
Replies: 21
Views: 3212

Re: Battery operated garden tools

I'm waiting to see Consumer Reports publish their real 2021 review of lawn mowers. Their current review is really for 2020 models. In particular, I'm hoping they test the new Ryobi XP Dual Blade model, which is designed to complete with the EGO dual blade model. I'm still not sure I want to replace ...
by prd1982
Mon Mar 29, 2021 2:10 pm
Forum: Investing - Theory, News & General
Topic: 2021 RMDs - anything new?
Replies: 5
Views: 665

Re: 2021 RMDs - anything new?

Nothing new for her in 2021. In 2022, RMDs use new tables which reduce the amount that must be withdrawn each year. Thank you. Do the new tables apply to everyone, including those who have been taking RMDs for some time (e.g. my 80+ year old relative)? cj Apply to everyone. Note: I assumed we are t...
by prd1982
Mon Mar 29, 2021 1:26 pm
Forum: Investing - Theory, News & General
Topic: 2021 RMDs - anything new?
Replies: 5
Views: 665

Re: 2021 RMDs - anything new?

Nothing new for her in 2021. In 2022, RMDs use new tables which reduce the amount that must be withdrawn each year.
by prd1982
Sun Mar 28, 2021 10:30 am
Forum: Personal Finance (Not Investing)
Topic: 1041 allocation of income between beneficiaries and estate
Replies: 2
Views: 250

1041 allocation of income between beneficiaries and estate

I'm just getting an idea of what the 1041 I must file for 2021 (in 2022) will look like. This is the final 1041 to file. The estate had a small amount of dividends and capital gains. I filled out the forms with the beneficiaries getting all of the income. This got me to like 23, taxable income, of m...
by prd1982
Tue Mar 23, 2021 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: JTWRS Problems - what are my options?
Replies: 136
Views: 10510

Re: JTWRS Nightmare - what are my options?

Right, that's why I explained why I don't think it is a crime (or immoral) and why I don't think the relative does own 50% of the account. And the 2nd owner could say that he gave the OP half the money to invest. How are you going to prove that is is false? The courts would say they were joint owne...
by prd1982
Tue Mar 23, 2021 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: JTWRS Problems - what are my options?
Replies: 136
Views: 10510

Re: JTWRS Nightmare - what are my options?

I would establish an account in my name only at the same company, link the accounts in your online access and then transfer 100% of the balance into the newly established account. No. If the money transferred, and it probably will not, it would be illegal. Now you are opening yourself up for being ...
by prd1982
Tue Mar 23, 2021 8:10 am
Forum: Personal Consumer Issues
Topic: Overthinking my Lawnmower Purchase (Push vs. Riding)
Replies: 56
Views: 2938

Re: Overthinking my Lawnmower Purchase (Push vs. Riding)

Personally, I’d stick with the Honda self-propelled. You still have to do the trimming, and perhaps use the Honda to cut the edges. Also, if you use a non-zero turn, it will probably take longer to cut. You sound like it is the time, rather than the work, that is your concern. The lawn tractor will ...
by prd1982
Mon Mar 22, 2021 11:30 am
Forum: Personal Consumer Issues
Topic: How much are your monthly total subscriptions?
Replies: 37
Views: 1656

Re: How much are your monthly total subscriptions?

Think you are going about this the wrong way. What type of subscription(s) do you want? For example, we get Netflix, Pandora and the NYTimes. We love them all, but for different purposes. We spend about $1,500/yr on all our subscriptions.
by prd1982
Sun Mar 21, 2021 1:22 pm
Forum: Personal Investments
Topic: Changing Ed Jones to Vanguard
Replies: 16
Views: 2122

Re: Changing Ed Jones MFs to Vanguard

I don’t know if a difference between selling at EJ or VG. But assuming about the same, I would move everything to VG that can be moved. VG can tell if any must be sold. Make sure you get screen shots of the cost basis before the move.if you can get by lot, that’s even better. The cost basis should m...
by prd1982
Sun Mar 21, 2021 10:35 am
Forum: Personal Finance (Not Investing)
Topic: The wash sale rules can't possibly be THIS antagonistic
Replies: 140
Views: 10545

Re: The wash sale rules can't possibly be THIS antagonistic

To get back on topic — So how do you folks holding the same funds in taxable & ira handle this? Do you send dividends to the settlement accounts and then make periodic purchases when you are not expecting to TLH? Or do you use different, but similar funds such as Totak US market & SP500? Or ...
by prd1982
Sun Mar 21, 2021 9:50 am
Forum: Personal Finance (Not Investing)
Topic: The wash sale rules can't possibly be THIS antagonistic
Replies: 140
Views: 10545

Re: The wash sale rules can't possibly be THIS antagonistic

Another very practical reason is that original cost of a decedent's assets are often unknown. How many posts have you seen on this forum by living individuals who don't know the basis of their holdings? I don't disagree. But the real fix was to require the company holding the investments to track t...
by prd1982
Sun Mar 21, 2021 7:41 am
Forum: Personal Consumer Issues
Topic: Vanguard ads on their site--can they be stopped?
Replies: 16
Views: 1665

Re: Vanguard ads on their site--can they be stopped?

If you consider the VG site as having too many ads, then you must really hate using the internet. I had to log on since I don't remember a lot of ads (esp. pop-ups). What I saw: * The pre-logon page was full of ads. But that's what I would expect. I went right to the logon boxes, which were easy to ...
by prd1982
Fri Mar 19, 2021 9:49 am
Forum: Investing - Theory, News & General
Topic: cFIREsim has been revised and is super easy to use.
Replies: 186
Views: 16177

Re: Cfiresim has been revised and is super easy to use.

That would be my suggestion. Hopefully others will weigh in with their opinions.
by prd1982
Fri Mar 19, 2021 9:40 am
Forum: Personal Finance (Not Investing)
Topic: Income gone up, IRMAA should go up, do I tell Medicare?
Replies: 14
Views: 1585

Re: Income gone up, IRMAA should go up, do I tell Medicare?

There is no need to tell Medicare. Your 2021 income increase will cause an increased IRMAA in 2023. There is no need to appeal it either. Your request would be rejected. Your one year income increase will result in a one year IRMAA increase.
by prd1982
Fri Mar 19, 2021 8:13 am
Forum: Investing - Theory, News & General
Topic: cFIREsim has been revised and is super easy to use.
Replies: 186
Views: 16177

Re: Cfiresim has been revised and is super easy to use.

I would like to suggest adding the final portfolio amts at the 5% & 10% levels. I would also consider showing them in descending order: worst, 5% 10%, median, average, highest. When it comes to retirement projections, I think it pays to focus on reasonably likely bad outcomes.
by prd1982
Thu Mar 18, 2021 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: H&R Block - software issue
Replies: 10
Views: 527

Re: H&R Block - software issue

Did you go to forms, and look at the 1099 entries, including hidden? Be sure to look at all copies (drop down)
by prd1982
Thu Mar 18, 2021 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Tax Return - Incorrect Banking Info. What do I do?
Replies: 7
Views: 416

Re: Tax Return - Incorrect Banking Info. What do I do?

Did you check your refund status on the IRS site? It should at least show that the IRS tried to send you a refund. Perhaps it tells you that the ACH was rejected.
by prd1982
Thu Mar 18, 2021 9:24 am
Forum: Personal Investments
Topic: Age disparity, what account to spend down first in retirement?
Replies: 10
Views: 1282

Re: Age disparity, what account to spend down first?

lakpr wrote: Thu Mar 18, 2021 8:54 am Given that there is a rather large age difference of 11 years between the two spouses, ...
Actually, the life expectancy difference is less than the more common "male is 5 years older" scenario. The only difference is that the female is statically more likely to die first.
by prd1982
Wed Mar 17, 2021 5:24 pm
Forum: Personal Investments
Topic: Advice on IncomeSolver.com
Replies: 8
Views: 794

Re: Advice on IncomeSolver.com

This appears to be software that financial advisors, not individuals, rent. I'm assuming your financial advisor rents it. Now, it is useful? No idea. But I suspect it is over-complicating the process. I'm assuming you have a couple of sources for income: * Social Security. Here the only decision is ...
by prd1982
Wed Mar 17, 2021 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: Q? for Tax Guru's: Minor Correction to 1099
Replies: 5
Views: 339

Re: Q? for Tax Guru's: Minor Correction to 1099

Personally I would do nothing. The IRS is likely to do nothing. If they send you a notice, just send them an explanation . Add a note to your 2020 tax package so you remember what happened.
by prd1982
Wed Mar 17, 2021 3:35 pm
Forum: Personal Consumer Issues
Topic: USAA bad website changes
Replies: 14
Views: 1008

Re: USAA bad website changes

I have empathy for UI designers. Their work almost always gets panned by a large percentage of user forums. I think Windows 95 was the last time they got almost-universal praise
by prd1982
Mon Mar 15, 2021 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: Trustee is refusing to give me an annual statement
Replies: 39
Views: 3763

Re: Trustee is refusing to give me an annual statement

Did the trustee give you a reason? Also, is the trustee a family member, friend of your mother, or a paid trustee?
by prd1982
Mon Mar 15, 2021 2:01 pm
Forum: Investing - Theory, News & General
Topic: Stocks in taxable over IRA -- simulation
Replies: 16
Views: 1146

Re: Stocks in taxable over IRA -- simulation

Thanks everyone for your comments. Sorry for the initial confusion. I'm leaning on the suggestion that several of you made -- stocks mostly in taxable, but keep enough in the IRA to do some rebalancing. As to Roth -- yep, I missed this big time. We were better savers than investors. Unfortunately, I...
by prd1982
Sun Mar 14, 2021 5:52 pm
Forum: Personal Finance (Not Investing)
Topic: How do you tell if you should be making charitable contributions to reduce taxes?
Replies: 33
Views: 3335

Re: How do you tell if you should be making charitable contributions to reduce taxes?

Are you taking RMDs from your IRA accounts? If not, then are you currently taking the standard deduction? If so, then you need to give enough to charity to be able to itemize. If you don't want to give that much, you can deduct up to $600 (MFJ) and still take the standard deduction. A Donor Advised ...
by prd1982
Sun Mar 14, 2021 3:32 pm
Forum: Investing - Theory, News & General
Topic: Stocks in taxable over IRA -- simulation
Replies: 16
Views: 1146

Re: Stocks in taxable over IRA -- simulation

Thanks for the comments. I have updated the initial post. We did fully contribute to our 401Ks, which are now IRAs. We then put our remaining un-spent money in a taxable account. In retirement, we moved to a 60/40 asset allocation plan. But we implemented that by having 60/40 in the IRA, and 60/40 i...
by prd1982
Sun Mar 14, 2021 10:54 am
Forum: Investing - Theory, News & General
Topic: Stocks in taxable over IRA -- simulation
Replies: 16
Views: 1146

Stocks in taxable over IRA -- simulation

Edit: I clearly misstated what I saying was a Bogle head recommendation. We have maxed out our 401Ks (now IRAs), and saved in a taxable account. In retirement, we have a 60/40 distribution. We had 60/40 in both taxable and the IRAs. Now I see the recommendation that we should have the taxable accoun...
by prd1982
Wed Mar 10, 2021 8:33 pm
Forum: Personal Investments
Topic: Help please. Being forced to retire early..
Replies: 87
Views: 10123

Re: Help please. Being forced to retire early..

I would carefully consider taking an annuity from this kind of company. Perhaps taking the lump sum and investing your self would be safer. While the OP said annuity, I assume we really are talking about a pension. These are backed by the Pension Benefit Guaranty Corporation, a US Government Agency...
by prd1982
Wed Mar 10, 2021 7:28 pm
Forum: Personal Investments
Topic: Help please. Being forced to retire early..
Replies: 87
Views: 10123

Re: Help please. Being forced to retire early..

I see how they could take away the annuity. This is a fortune 30 Telecom company that is going to take his/her accrued retiree benefits away if he/she doesn't retire by the end of the year. They can take away medical, but not the money. I also want to point out that they can drop the medical benefi...
by prd1982
Wed Mar 10, 2021 6:44 pm
Forum: Personal Investments
Topic: Help please. Being forced to retire early..
Replies: 87
Views: 10123

Re: Help please. Being forced to retire early..

You are getting multiple opinions here that you should review. However, notice that we are all saying to avoid these "financial advisors". They are sales people, plain and simple. As already stated, they don't like the annuity because they make their money based on what you invest with the...
by prd1982
Tue Mar 09, 2021 8:46 am
Forum: Personal Finance (Not Investing)
Topic: *WHEN* did long-term care insurance prices spike?
Replies: 67
Views: 5311

Re: *WHEN* did long-term care insurance prices spike?

I was just looking at our state’s site, and one company just asked for a 14% hike on policies written from 2014-18. Now, 14% isn’t as high as the rate increases on my 2004 policy. However, it shows me that at least some policy writers are still not pricing correctly.
by prd1982
Sat Mar 06, 2021 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: 2019 tax return still unprocessed, will I receive stimulus?
Replies: 3
Views: 476

Re: 2019 tax return still unprocessed, will I receive stimulus?

I think you will have to wait for the law to be finalized and signed before we know the answer.

Please tell me you were not able to file online this year.
by prd1982
Sat Mar 06, 2021 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: AGI $300 Higher Because of Itemizing Charitable Deductions?
Replies: 6
Views: 922

Re: AGI $300 Higher Because of Itemizing Charitable Deductions?

Am I seeing this the right way? You are correct. For 2021, they have changed the form so that this deduction is taken AFTER the AGI is calculated. So it will be equivalent to itemized deductions. I can only assume there was a minor issue with the law that specified that the new credit was before AG...
by prd1982
Wed Mar 03, 2021 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: Any chance? IRMAA Appeal after one time capital gains
Replies: 12
Views: 743

Re: Any chance? IRMAA Appeal after one time capital gains

This doesn’t qualify as an event that qualifies. Perhaps you want to re-work this title & text to ask if you should report this to the insurance commission of your state.