Search found 1334 matches

by Eagle33
Sat May 08, 2021 9:05 pm
Forum: Investing - Theory, News & General
Topic: A bond rule of thumb better than "age in bonds"
Replies: 184
Views: 16650

Re: A bond rule of thumb better than "age in bonds"

I did not read all the previous posts, so may be redundant. Determine what portion of your portfolio you can lose when the market goes down 50% and still sleep at night. Be sure to factor in the number of years (risk capacity only, not your risk tolerance) before you need your retirement money when ...
by Eagle33
Fri May 07, 2021 1:57 pm
Forum: Personal Investments
Topic: Self managed IRA Roth
Replies: 7
Views: 695

Re: Self managed IRA Roth

I have a 401K and my husband is planning 70% VTI and 30% VXUS in his IRA Roth. Both of those ETF's get high recommendations on this forum. Other than checking that his new contributions made it into the Roth account, nothing else to do to the account other than wait for retirement. Next he should h...
by Eagle33
Fri May 07, 2021 11:33 am
Forum: Personal Finance (Not Investing)
Topic: Wait until 70 to claim SS. Is this always best?
Replies: 68
Views: 5126

Re: Wait until 70 to claim SS. Is this always best?

Of course keep in mind that if one passes, total expenses decrease also. Maybe not by 50%, but should be noticeable. And, if needed, house can then likely be downsized, 2 vehicles becomes 1, trips change, etc. Also keep in mind that one's tax brackets will be cut in half when filing single, so may ...
by Eagle33
Thu May 06, 2021 10:04 pm
Forum: Personal Investments
Topic: Oxford Club Recommendations
Replies: 14
Views: 1272

Re: OXFORD CLUB RECOMMENDATIONS

I like to think of these financial forecasters as blind squirrels. They may find an acorn once in awhile, but would not want to have to depend on them providing enough over time. I'm happy with returns that are just a couple basis points below the market average because it will supply more than a bl...
by Eagle33
Thu May 06, 2021 8:55 am
Forum: Personal Finance (Not Investing)
Topic: Free File Tax Program Availability
Replies: 9
Views: 494

Re: Free File Tax Program Availability

The IRS's Volunteer Income Tax Assistance (VITA) and Tax Counseling for the Elderly (TCE) programs offer free basic tax return preparation to qualified individuals. Free Tax Return Preparation for Qualifying Taxpayers While the IRS manages the VITA and TCE programs, the VITA/TCE sites are managed by...
by Eagle33
Thu May 06, 2021 8:16 am
Forum: Personal Finance (Not Investing)
Topic: difference between rollover and conversion
Replies: 9
Views: 720

Re: difference between rollover and conversion

A transfer from a pre tax qualified plan to a Roth IRA functions like a conversion in most ways, but is not a conversion. Technically, it is called a "qualified rollover contribution". What should one call the following types of rollovers? * Transfer from a Roth 401k to a Roth IRA * Trans...
by Eagle33
Wed May 05, 2021 10:15 pm
Forum: Personal Consumer Issues
Topic: Medicare Fraud
Replies: 9
Views: 2133

Re: Medicare Fraud

Next time, before anything else, call her physician (using normal phone #) whom supposely requested the test and find out why s/he requested the test.
by Eagle33
Mon May 03, 2021 9:35 am
Forum: Personal Investments
Topic: Rollover IRA [asset class suggestions?]
Replies: 6
Views: 364

Re: Rollover IRA [asset class suggestions?]

FYI: Vanguard Target Retirement 2055 asset allocation (AA) as of 3/31/21 was 89.56% Stocks 9.45% Bonds 0.99% Short-term reserves Found on Vanguard's VFFVX webpage under the Portfolio & Management tab. This AA is based on someone that plans to retire in 2055 and live another 25-30 years in retire...
by Eagle33
Fri Apr 30, 2021 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: SS payment following death in first week of the month
Replies: 13
Views: 1601

Re: SS payment following death in first week of the month

One needs to be careful when communication with SS because of the arrears payment of benefits. A SS payment received in December is the November benefit, not the December benefit. When my mother died at the end of a month, then SS wanted that month's benefit (paid first of following month) back, but...
by Eagle33
Wed Apr 28, 2021 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: Creative ways to reduce AGI
Replies: 32
Views: 4641

Re: Creative ways to reduce AGI

the $600 cash charitable contribution does not reduce your 2021 AGI, but does reduce your 2021 taxable income.
by Eagle33
Sun Apr 25, 2021 9:38 pm
Forum: Personal Finance (Not Investing)
Topic: Named in grandparent’s trust/will
Replies: 17
Views: 2252

Re: Named in grandparent’s trust/will

Setup your inherited account at same brokerage as grandfather. That brokerage will want to move the money/funds faster if it stays with themselves. It will be cleaner that way & less prone to error and finger pointing between grandfather brokerage and you brokerage. Much simpler and less errors ...
by Eagle33
Sat Apr 24, 2021 9:44 pm
Forum: Personal Finance (Not Investing)
Topic: [Spouse recently passed away. Please help me handle his financial matters]
Replies: 162
Views: 14861

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

The conversion would make sense in 2021, though, as far as I understand since I can still file MFJ and my husband had almost no income in 2021 since he died in January, so convert in 2021 and stay in the same tax bracket. Am I thinking about this correctly? Sorry for your loss. Yes, take advantage ...
by Eagle33
Fri Apr 23, 2021 7:02 pm
Forum: Personal Investments
Topic: Need Advice for Annual Rebalance
Replies: 14
Views: 1052

Re: Need Advice for Annual Rebalance

This is where I have fallen off the proverbial wagon. I was pretty good about keeping a 3-fund portfolio with 60% total stock market, 20% international stock, and 20% bond for a while. However, the total stock market has been doing very well and my bonds and international under-performed by compari...
by Eagle33
Fri Apr 23, 2021 6:13 pm
Forum: Personal Investments
Topic: next dollar of savings, and asset allocation
Replies: 8
Views: 764

Re: next dollar of savings, and asset allocation

I just noticed my workplace 401k plan has an internal option for a taxable/brokerage account. Here is the fee schedule. I would be crazy to pay these fees instead of opening my own Vanguard taxable account, right? https://i.imgur.com/EfGng8t.png From what I have read about 401k plans offering self-...
by Eagle33
Wed Apr 21, 2021 1:23 pm
Forum: Personal Investments
Topic: Large Age Difference with Younger Spouse = Higher Earner: Planning Considerations for Early Retirement
Replies: 10
Views: 2315

Re: Large Age Difference with Younger Spouse = Higher Earner: Planning Considerations for Early Retirement

Being 7 year apart in age means IRMAA will only impact DH for 5 years before IRMAA doubles for both of you. Using 2021 tax numbers your DH would owe an extra $860.40 in Medicare Parts B & D premiums if your IRMAA MAGI does not exceed the tier 1 IRMAA threshold of $222k. Though DH now 65 will get...
by Eagle33
Tue Apr 20, 2021 6:14 pm
Forum: Personal Investments
Topic: Portfolio suggestions- simplifying and how to think of pension
Replies: 10
Views: 1136

Re: Portfolio suggestions- simplifying and how to think of pension

Does your pension amount change any if you pass before your spouse?
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: 162
Views: 14861

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: 2044

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: 15
Views: 1634

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: 782

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: 1050

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: 588

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: 724

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: 2298

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: 560

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: 1868

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: 565

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: 261

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: 1497

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: 653

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: 1497

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: 898

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: 907

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: 1219

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: 423

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: 5930

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: 1610

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: 550

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: 3947

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: 6343

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: 883

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: 1413

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: 1385

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: 1817

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: 1385

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: 2147

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: 3003

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: 3654

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...