Search found 1317 matches

by Eagle33
Mon Apr 19, 2021 7:50 pm
Forum: Personal Finance (Not Investing)
Topic: [Spouse recently passed away. Please help me handle his financial matters]
Replies: 116
Views: 8261

Re: [Spouse recently passed away. Please help me handle his financial matters]

I am trying to understand Roth IRAs and am not sure about the conversion idea: is there a limit on conversion? If I convert my husband's (inherited) traditional IRA to a Roth for myself, can one take the entire amount or only up to the limit for the year, like the contributions? Also, is there a li...
by Eagle33
Mon Apr 19, 2021 6:31 pm
Forum: Personal Investments
Topic: Horrible market timer, looking to become a boglehead
Replies: 15
Views: 1820

Re: Horrible market timer, looking to become a boglehead

Buy, Hold and Rebalance. Allow rebalancing events (annual or trigger bands) to scratch your trading itch.
by Eagle33
Mon Apr 19, 2021 6:12 pm
Forum: Personal Investments
Topic: How Do I Untangle an Old Commingled IRA?
Replies: 13
Views: 1266

Re: How Do I Untangle an Old Commingled IRA?

The IRS sees all your non-inherited non-Roth IRA accounts as 1 single traditional IRA account no matter where the accounts are located.
by Eagle33
Mon Apr 19, 2021 5:55 pm
Forum: Personal Investments
Topic: Starting a Roth at 50
Replies: 4
Views: 665

Re: Starting a Roth at 50

Started a Roth at 49 and went 100% total stock market for 15 years of max contributions ($4k - $6.5k over the years), reaching a $200k+ balance before beginning Roth conversions. Only regret was waiting a couple years before starting spouse's Roth IRA.
by Eagle33
Mon Apr 19, 2021 5:40 pm
Forum: Personal Investments
Topic: Halfway to retirement update
Replies: 4
Views: 909

Re: Halfway to retirement update

Does your spouse have any retirement accounts? If not start a Roth ASAP.
by Eagle33
Sun Apr 18, 2021 6:17 pm
Forum: Personal Investments
Topic: How to know cost basis method on 1099-B?
Replies: 6
Views: 571

Re: How to know cost basis method on 1099-B?

Don't you have a statement that documents the actual sale and can provide you the cost of each lot sold?
by Eagle33
Sun Apr 18, 2021 5:53 pm
Forum: Investing - Theory, News & General
Topic: Problem with allocation of mobile check at vanguard
Replies: 11
Views: 673

Re: Problem with allocation of mobile check at vanguard

Previously when I made a mobile check deposit through vanguard app on my phone into my taxable account and indicated which funds the money needs to be allocated into ; it used to be done same day . But now vanguard will only deposit it in settlement fund and then I have to wait till it shows up in ...
by Eagle33
Sun Apr 18, 2021 3:46 pm
Forum: Personal Investments
Topic: Roth Conversions in Retirement
Replies: 23
Views: 2217

Re: Roth Conversians in Retirement

I'd guess that most people start out with a good chunk of equity in deferred accounts, only because of the historical percentage of deferred space available relative to Roth, and the general preference for deferred over taxable. I think you're probably correct. I too started out with a disproportio...
by Eagle33
Sun Apr 18, 2021 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: Need advise on my wife 2021 Traditional IRA overpayment
Replies: 9
Views: 520

Re: Need advise on my wife 2021 Traditional IRA overpayment

If you exceed the limit for total contribution to be tax deductible, you can take care of it on your 2021 tax return by only deducting the deductible eligible portion and leaving the other portion as (post-tax) basis.
by Eagle33
Thu Apr 15, 2021 4:04 pm
Forum: Personal Investments
Topic: Vanguard Federal Money Market Fund
Replies: 12
Views: 1791

Re: Vanguard Federal Money Market Fund

Sounds like OP has one LOGIN (account) for his various accounts that are brokerage-style accounts that each has a settlement fund/account.
by Eagle33
Wed Apr 14, 2021 5:51 pm
Forum: Forum Issues and Administration
Topic: Why PM messages are stuck in outbox ?
Replies: 7
Views: 439

Re: Why PM messages are stuck in outbox ?

PM will remain in your outbox until it is read by recipient, at which time it "moves" to "sent". Yes, a bit confusing. RM Would make more sense if it was called "read" instead of outbox. Normally if something is in the outbox, it means it hasn't been sent. By "rea...
by Eagle33
Wed Apr 14, 2021 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: Not sure how to answer this tax software question relating to 401k rollover
Replies: 2
Views: 242

Re: Not sure how to answer this tax software question relating to 401k rollover

In 2020 I rolled over all my 401k from my previous megacorp employer to my current megacorp employer. My tax software is asking the question below. I assume what I checked is correct since both plans are 401k? I've learned never to assume anything when it comes to the complexity of 401k and IRAs! h...
by Eagle33
Wed Apr 14, 2021 11:34 am
Forum: Personal Consumer Issues
Topic: Medicare Claims Processing Question
Replies: 22
Views: 1411

Re: Medicare Claims Processing Question

A slight detour - what about the Medicare Part B deductible? Doctor bills something less than the deductible, then Medicare records that amount goes toward the deductible, medigap insurance does the same. Is it the responsibility of the doctor to now bill the patient for the unpaid deductible amoun...
by Eagle33
Tue Apr 13, 2021 1:48 am
Forum: Personal Investments
Topic: advice, please: allocation in inherited IRA
Replies: 8
Views: 629

Re: advice, please: allocation in inherited IRA

+1 what retired@50 said. The $75 annual fee amounted to adding just an extra 0.015% on top of high ER of the current mutual funds. Change to low cost index funds and really get even more of a cost saving. Since this is a IRA there is not tax impact to make the changes.
by Eagle33
Tue Apr 13, 2021 1:24 am
Forum: Personal Consumer Issues
Topic: Medicare Claims Processing Question
Replies: 22
Views: 1411

Re: Medicare Claims Processing Question

A slight detour - what about the Medicare Part B deductible? Doctor bills something less than the deductible, then Medicare records that amount goes toward the deductible, medigap insurance does the same. Is it the responsibility of the doctor to now bill the patient for the unpaid deductible amount...
by Eagle33
Sun Apr 11, 2021 6:50 pm
Forum: Investing - Theory, News & General
Topic: If a broker manages individual savings account for Goldman Sachs employees does it mean that it is likely to be safe?
Replies: 8
Views: 883

Re: If a broker manages individual savings account for Goldman Sachs employees does it mean that it is likely to be safe

No, it just means they have an agreement with Goldman Sachs to offer a compliant product. what I thought is that Goldman Sachs employees should know about this kind of stuff so they would not have their private accounts with a broker if it's not safe I seem to remember that the US government had to...
by Eagle33
Sun Apr 11, 2021 6:22 pm
Forum: Personal Consumer Issues
Topic: Simple time tracking/logging tool
Replies: 11
Views: 896

Re: Simple time tracking/logging tool

A different aproach is Getting Things Done, David Allen's GTD methodology to increasing your productivity.
by Eagle33
Sun Apr 11, 2021 4:57 pm
Forum: Personal Investments
Topic: Taxes and rolling over pension lump sum
Replies: 18
Views: 1195

Re: Taxes and rolling over pension lump sum

Wow! This is the most pro-Pro Rata thread on this forum that I have seen since joining. Most other threads are overly anti-Pro Rata rule, some even giving the impression it is impossible to do a Backdoor Roth if there is any amount of pre-tax in the IRA.
by Eagle33
Sat Apr 10, 2021 7:20 pm
Forum: Personal Investments
Topic: Can I contribute the max to a traditional IRA if I made an excess contribution to a Roth IRA then withdrew it?
Replies: 5
Views: 413

Re: Can I contribute the max to a traditional IRA if I made an excess contribution to a Roth IRA then withdrew it?

IMHO I'm in agreement with Alan S - it depends. If you simply withdrew the money from your Roth IRA that is a distribution, not a return of excess contribution. But if you brokerage firm was involved with the"return" of funds, then they will update the tax form 5498 they provide you and th...
by Eagle33
Sat Apr 10, 2021 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: HSA advice Jane Quinn How to Make Your Money Last
Replies: 62
Views: 5724

Re: HSA advice Jane Quinn How to Make Your Money Last

If you are in your 80's, as Jane Bryant Quinn is, and have not started spending down HSA, you are leaving your non-spouse heir(s) a big tax bomb - 100% taxable ordinary income upon inheritance. It is only beneficial for your spouse. Per Mike Piper - Inherited HSA Rules after you die: * If your spous...
by Eagle33
Sat Apr 10, 2021 6:12 pm
Forum: Personal Investments
Topic: Superfund 529 with <$70k year 1, contribute the difference years 2-5?
Replies: 13
Views: 1595

Re: Superfund 529 with <$70k year 1, contribute the difference years 2-5?

What is your wife's $60k invested in over those 4 years?
by Eagle33
Sat Apr 10, 2021 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: Question on Avoiding Income Tax Penalties
Replies: 3
Views: 545

Re: Question on Avoiding Income Tax Penalties

As long as you have less than $150,000 Adjusted Gross Income for married filing jointly status, you avoid a tax penalty if you paid as much tax as you owed last year. My question is where do you find the number for what you owed last year? On the 1040 form, is it the number on line 12a, 12b, 16, or...
by Eagle33
Sat Apr 10, 2021 1:10 pm
Forum: Personal Investments
Topic: Roth conversion ideas needed
Replies: 39
Views: 3860

Re: Roth conversion ideas needed

You should each have a Roth IRA so you each can complete the 5-year clock on each account.
by Eagle33
Sat Apr 10, 2021 11:21 am
Forum: Investing - Theory, News & General
Topic: Vanguard Website
Replies: 76
Views: 6234

Re: Vanguard Website

I just logged on today. Haven't done in quite a while. Upper right corner has "Last logon: Thursday, April 08, 2021 02:24 AM ET". No way Jose. I was dead asleep at that time and no-one else has my login credentials. Should we all be concerned about a data breach????? Change your password ...
by Eagle33
Thu Apr 08, 2021 9:31 am
Forum: Personal Investments
Topic: Reinvesting dividends in Roth IRA account
Replies: 9
Views: 856

Re: Reinvesting dividends in Roth IRA account

The settlement account is part of your Roth IRA. It is just another mutual fund inside your Roth IRA. It is one of VG money market mutual funds. Just as you can sell and buy between other funds inside your Roth IRA, you can also sell/buy between the settlement account (MM mutual fund) and other fund...
by Eagle33
Wed Apr 07, 2021 10:12 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare PartB - reduce paid amount each month?
Replies: 7
Views: 1399

Re: Medicare PartB - reduce paid amount each month?

I sent in my SSA-44 and am waiting on a result. I also sent one in for my wife since we file married filing jointly. For my wife - even tho she paid in 2020 $148 or so for medicare part B and she had an approved SSA-44 on file - they hit her with $1,478 of not paid medicare plan B expense at the en...
by Eagle33
Mon Apr 05, 2021 6:47 pm
Forum: Investing - Theory, News & General
Topic: Parent contribute to child IRA
Replies: 10
Views: 1374

Re: Parent contribute to child IRA

Not sure if VG will allow you to link your bank account to grandchild's Roth IRA unless grandchild's name is on your bank account. I’ve linked my bank account to both my daughter’s and my son in law’s Vanguard account to make contributions and neither of them are on my bank account. Are both your d...
by Eagle33
Mon Apr 05, 2021 6:45 pm
Forum: Personal Investments
Topic: Roth conversion
Replies: 28
Views: 1776

Re: Roth conversion

You can divide your Roth conversion into multiple conversion done throughout the year. One of the conversions will be the lowest market for the timing of all the conversion transactions. If this is for your heirs, it won't matter much unless $20k is the maximum growth you expect from your IRA this y...
by Eagle33
Sun Apr 04, 2021 4:53 pm
Forum: Investing - Theory, News & General
Topic: Parent contribute to child IRA
Replies: 10
Views: 1374

Re: Parent contribute to child IRA

Not sure if VG will allow you to link your bank account to grandchild's Roth IRA unless grandchild's name is on your bank account.
by Eagle33
Sat Apr 03, 2021 4:45 pm
Forum: Personal Consumer Issues
Topic: how to determine the cost of medical procedure
Replies: 18
Views: 2100

Re: how to determine the cost of medical procedure

Didn't you get an explanation of benefits statement for your first visit where it showed what doctor billed, what insurance company agreed to and what insurer paid? Why not use that amount?
by Eagle33
Sat Apr 03, 2021 3:46 pm
Forum: Personal Investments
Topic: Required Minimum Distribution???
Replies: 20
Views: 2928

Re: Required Minimum Distribution???

The IRS is implementing the new RMD tables effective in 2022. There will be no change to the 2021 RMD divisors. 2022 RMDs will therefore be a little lower (~ 6%) which will slightly reduce the cost of deferring all or part of the 2021 RMD to 2022. So if one defers a 2021 RMD to 2022 then one uses t...
by Eagle33
Fri Apr 02, 2021 11:46 pm
Forum: Personal Finance (Not Investing)
Topic: deductible health insurance premiums for self-employment?
Replies: 57
Views: 3604

Re: deductible health insurance premiums for self-employment?

After long deliberation, I've decided to claim the deduction described here: self-employment health insurance deduction for a COBRA policy in my wife's name that covers the whole family. I believe this meets the spirit of the tax law, where the letter of the law doesn't answer the question directly...
by Eagle33
Fri Apr 02, 2021 8:27 pm
Forum: Investing - Theory, News & General
Topic: Bogleheads blog: a new rebalancing study
Replies: 148
Views: 13741

Re: Bogleheads blog: a new rebalancing study

Dunno - rebalancing helped me - when I had to do *something*. During the Covid crisis, I rebalanced when my 77/23 drifted down to 72/28. And rebalanced when it hit ~82/XX - but this time to 80/20. It's went back to 84/16 - and haven't rebalanced since. Maybe it's a psychological thing - that rebala...
by Eagle33
Fri Apr 02, 2021 12:28 am
Forum: Personal Finance (Not Investing)
Topic: Stay on wife's employer health insurance, or Medicare?
Replies: 14
Views: 890

Re: Stay on wife's employer health insurance, or Medicare?

Since you don't like your wife's insurance, I recommend you switch to Medicare Parts B & D plus a Medigap plan now. The Medicare system/rules are setup for claiming Medicare when you turn 65. The system does allow exceptions, but there are hoops to jump thru and landmines to avoid - especially i...
by Eagle33
Thu Apr 01, 2021 12:47 am
Forum: Personal Investments
Topic: Vanguard site issues
Replies: 54
Views: 4561

Re: Vanguard site issues

Since I follow appropriate asset allocation for liability matching, my house down payment money is in my savings account, not my brokerage. You know that a brokerage account can have cash in it, right? Of course. I'm just not a fan of adding needless complication to my strategy. Cash goes in the sa...
by Eagle33
Thu Apr 01, 2021 12:25 am
Forum: Personal Investments
Topic: Understanding the 5 year rule for Roth Conversions - a hypo and clarification request
Replies: 13
Views: 1539

Re: Understanding the 5 year rule for Roth Conversions - a hypo and clarification request

This might be an easier way to look at things. 1. Once you reach age 59.5, all penalties go away. At that point, the only money that might be subject to tax is the earnings that have occurred inside Roth IRA (and Roth 401k in your example). 2. If it has been 5 years since the first contribution to ...
by Eagle33
Wed Mar 31, 2021 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Enough to retire?
Replies: 55
Views: 6091

Re: Enough to retire?

No one has mentioned long term care expenses. Do you and spouse have LTC insurance policies? Or are you planning to self fund your LTC?

A book I found illuminating about everything to consider at this phase in your life is "How to Make Your Money Last" by Jane Bryant Quinn.
by Eagle33
Tue Mar 30, 2021 6:26 pm
Forum: Investing - Theory, News & General
Topic: Maintaining AA during retirement
Replies: 6
Views: 1052

Re: Maintaining AA during retirement

does one just rebalance in the tax advantaged account? This is the plan, though it's going to be a challenge for anyone with a large taxable account and relatively small tax deferred space because at some point the entire tax deferred space will be filled with bonds. There is no way that I would pa...
by Eagle33
Tue Mar 30, 2021 2:22 pm
Forum: Investing - Theory, News & General
Topic: Vanguard 1099-DIV** - you will get TWO for 2019 if you upgraded to BROKERAGE
Replies: 8
Views: 1473

Re: Vanguard 1099-DIV** - you will get TWO for 2019 if you upgraded to BROKERAGE

If the Payer ID on the two 1099-DIV forms are different, then need to enter them separately.
by Eagle33
Mon Mar 29, 2021 6:25 pm
Forum: Personal Investments
Topic: Fund allocation for $1.5M in 401k Retiring in 5 years?
Replies: 18
Views: 2103

Re: Fund allocation for $1.5M in 401k Retiring in 5 years?

Your current portfolio AA is is about 84%/16%. What is your target AA for your total portfolio?
by Eagle33
Mon Mar 29, 2021 6:01 pm
Forum: Personal Finance (Not Investing)
Topic: Estimating my future taxes in retirement
Replies: 12
Views: 1201

Re: Estimating my future taxes in retirement

Does this sound plausible? * $6.5MM taxable account might generate ~$70K in dividends and ~$15K in capital gains per year I mind another person's account with about 1/2 your holdings, in a 30/70 AA and the income generated is what you are estimating above. So your estimate is almost certainly low. ...
by Eagle33
Mon Mar 29, 2021 5:37 pm
Forum: Personal Investments
Topic: 403b plan allows 10% penalty free withdrawals at age 55 & upon termination of employment. Does penalty apply for Roth Co
Replies: 10
Views: 885

Re: 403b plan allows 10% penalty free withdrawals at age 55 & upon termination of employment. Does penalty apply for Rot

Thank you for taking the the time to share your knowledge. This is very helpful and I learned from your replies. I plan to call Vanguard, the custodian, for my 403b plan and ask them if I can do Roth conversion a little by little with an eye on my tax bracket. The SPD does not state. Thanks again. ...
by Eagle33
Sun Mar 28, 2021 5:00 pm
Forum: Personal Investments
Topic: Head start on retirement home
Replies: 10
Views: 1471

Re: Head start on retirement home

If the stock market takes a 50% dive, that would leave you with an allocation of 33.3 stock / 50 Bond / 16.7 retirement home.
by Eagle33
Sat Mar 27, 2021 9:36 pm
Forum: Personal Finance (Not Investing)
Topic: Short term saving strategy taking into account taxes
Replies: 20
Views: 1184

Re: Short term saving strategy taking into account taxes

Have you confirmed there was no wash sales during all of our trading? No capital gain losses are allowed for the wash sales, resulting in higher capital gains that require more taxes to be paid.
by Eagle33
Sat Mar 27, 2021 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: The wash sale rules can't possibly be THIS antagonistic
Replies: 140
Views: 10531

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

Understanding wash sale rules are important especially if you are a frequent trader.
https://twitter.com/courtranstrom/status/1375234012361396230
by Eagle33
Fri Mar 26, 2021 10:05 pm
Forum: Investing - Theory, News & General
Topic: Year 2000 retirees using the '4% rule' - Where are they now?
Replies: 806
Views: 124272

Re: Year 2000 retirees using the '4% rule' - Where are they now?

Given the recent threads discussing forward SWRs, I think that it might be appropriate to remind some how well retirees from the year 2000 who strictly implemented the '4% rule' have fared. As of the end of February, 2021, after 21 years of withdrawals, those who had all-U.S. 60/40 portfolios still...