Search found 1483 matches

by Eagle33
Mon Aug 02, 2021 8:35 pm
Forum: Personal Investments
Topic: What type of account to open for my niece as a gift?
Replies: 9
Views: 633

Re: What type of account to open for my niece as a gift?

If you gift more than $15k in a given calendar year to someone, anyone, you need to file a gift tax return. On the gift tax return, you just need to say that you are electing to deduct this amount from your lifetime exemption. That is $5.6 million for a single, $11.2 million for a couple, as of 202...
by Eagle33
Mon Aug 02, 2021 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: What is the best on-line tax software?
Replies: 13
Views: 1244

Re: What is the best on-line tax software?

You could point your RV friends to look at heat maps on the wiki's Taxation of Social Security benefits page to get a quick indication if they are running into a potential problem - at least with SS income. Then they could fill out Excel1040 spreadsheet forms. This will force them to gain a basic un...
by Eagle33
Mon Aug 02, 2021 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: Why is United Healthcare's Medicare Plan G cheaper than its Plan B?
Replies: 2
Views: 456

Re: Why is United Healthcare's Medicare Plan G cheaper than its Plan B?

United Healthcare may want more people to choose Plan G over B, so priced it lower.
by Eagle33
Sun Aug 01, 2021 6:45 pm
Forum: Investing - Theory, News & General
Topic: Market Timing
Replies: 14
Views: 1077

Re: Market Timing

According to Boglehead wiki Market timing is Market timing refers to act(s) of investing based on the condition of the market as opposed to personal characteristics.[notes 1] For example, adjusting one's asset allocation toward greater fixed income holdings because the bond market has lost value rec...
by Eagle33
Sat Jul 31, 2021 10:54 pm
Forum: Personal Investments
Topic: Inherited Traditional IRA [when are RMDs required?]
Replies: 33
Views: 2263

Re: Inherited Traditional IRA [when are RMDs required?]

... I called to make a appointment at the local IRS office. I talked to someone for about 10 minutes. She was trying to determine if available staff would be able to help. She then said she could transfer me to the IRS law office (I think that's what she called it) to discuss the situation with the...
by Eagle33
Sat Jul 31, 2021 10:49 pm
Forum: Personal Investments
Topic: Who do my parents need to see to get their retirement in order?
Replies: 27
Views: 3382

Re: Who do my parents need to see to get their retirement in order?

I just ordered the "Bogleheads Guide To Investing" and will share it with my parents, Thanks for the recommendations. The Bogleheads' Guide to Retirement Planning is probably a better choice for them. +1 Don't rush to investments, there are more important things to consider first. Another...
by Eagle33
Sat Jul 31, 2021 10:22 pm
Forum: Personal Finance (Not Investing)
Topic: Your Total Income Tax Deductions When Retired and Playing the 12% Tax Rate Game!
Replies: 35
Views: 2767

Re: Your Total Income Tax Deductions When Retired and Playing the 12% Tax Rate Game!

I believe you need earned income to contribute to a Roth. Not if you are simply converting a Traditional IRA to a Roth IRA. That's correct, I believe its a max of $7K a year. A max of $7k a year per Roth IRA for contributions from earned income, but no limit nor earned income requirements for Tradi...
by Eagle33
Sat Jul 31, 2021 10:05 pm
Forum: Personal Consumer Issues
Topic: Don't pay full price for SiriusXM radio
Replies: 423
Views: 56165

Re: Don't pay full price for SiriusXM radio

I just renewed for 1 year at 77.74 out the door. I did the chat. Off the bat I requested 3 vehicles for $240 out the door. He initially balked and said that he couldn't. I replied, "I humbly request 3 vehicles for $240 out the door. He came back with the 77.74 per vehicle and we wrapped it up....
by Eagle33
Sat Jul 31, 2021 9:52 pm
Forum: Personal Investments
Topic: Catch-up contributions in Roth 401k?
Replies: 2
Views: 378

Re: Catch-up contributions in Roth 401k?

Assuming the catch up amount is currently going into a taxable account since you under 50. Thus currently paying 32%-35% tax on it today. It will be the same at 50+ if you put it into Roth 401k as catch up, except get tax-free growth on it going forward.
by Eagle33
Sat Jul 31, 2021 8:48 pm
Forum: Personal Investments
Topic: Help w Pension Lump Sum + Future BD Roth
Replies: 7
Views: 604

Re: Help w Pension Lump Sum + Future BD Roth

Do any of your 401k accept rollovers?
by Eagle33
Sat Jul 31, 2021 8:43 pm
Forum: Personal Investments
Topic: might or might not need to backdoor Roth -- how do I prepare?
Replies: 5
Views: 741

Re: might or might not need to backdoor Roth -- how do I prepare?

FiveK wrote: Sat Jul 31, 2021 1:07 pm Good to see that was helpful, and thanks for the feedback! Added a sentence to the backdoor Roth wiki referencing the recharacterization process, which I thought was there all along but wasn't.
Thank you FiveK and the other wiki editors for keeping that vast wealth of knowledge up to date.
by Eagle33
Sat Jul 31, 2021 8:37 pm
Forum: Forum Issues and Administration
Topic: Forum software upgrade bug reports and change requests
Replies: 606
Views: 212966

Re: Forum software upgrade bug reports and change requests

Miriam2 wrote: Sat Jul 31, 2021 12:39 pm
LadyGeek wrote: Mingstar found the problem. It's fixed.
Many many thanks to mingstar and to all the moderators for taking the time to keep our Bogleheads up and running :happy
+1 Totally agree!
by Eagle33
Sat Jul 31, 2021 8:35 pm
Forum: Forum Issues and Administration
Topic: Forum etiquette: Letting users know what you decide and/or how things went
Replies: 20
Views: 2587

Re: Forum etiquette: Letting users know what you decide and/or how things went

I don't know that there is any answer to this lack of courtesy, but perhaps the comments posted are helpful to others here even if the original poster is long gone, or as I like to say... if "Elvis has left the building." 8-) Personally I find many of the threads very informative either i...
by Eagle33
Sat Jul 31, 2021 7:21 pm
Forum: Personal Investments
Topic: When lump sum in hot market think of TLH as a little downside protection?
Replies: 18
Views: 1741

Re: When lump sum in hot market think of TLH as a little downside protection?

If you are years away from needing the windfall money, then lump sum it now and forget it until you need it. If you wait, its not likely you are going to sell everything you already have in the market today and wait to invest it when you invest the windfall.
by Eagle33
Sat Jul 31, 2021 3:18 pm
Forum: Personal Investments
Topic: Creating a portfolio as we retire
Replies: 14
Views: 2159

Re: Creating a portfolio as we retire

You should begin looking into what Required Minimum Distributions. These RMDs {added ordinary income) need to be taken from the rollover IRA each year starting in the year your husband turns 72 and there is a 50% penalty if not taken. I suggest you start digging into the RMD details next year becau...
by Eagle33
Sat Jul 31, 2021 2:42 pm
Forum: Personal Investments
Topic: Vanguard IRA Contribution Frustrations
Replies: 16
Views: 1402

Re: Vanguard IRA Contribution Frustrations

"I agree, I always have to log out of my session and log in as my spouse to do anything with her Roth. (I can see her Roth account in my session as a family member, but not transact)." Ditto here, the joint acct shows up on her session and you work from there. There are at least 2 differe...
by Eagle33
Fri Jul 30, 2021 10:55 pm
Forum: Personal Investments
Topic: Portfolio questions for 68 year old retiree
Replies: 12
Views: 1858

Re: Portfolio questions for 68 year old retiree

Any good bond funds in your tax-deferred accounts? You can exchange $100k of SWTSX Schwab Total Stock Market to that bond fund in one of your tax-deferred accounts, then buy $100k of SWTSX in taxable using your cash.
by Eagle33
Fri Jul 30, 2021 9:11 am
Forum: Personal Investments
Topic: Creating a portfolio as we retire
Replies: 14
Views: 2159

Re: Creating a portfolio as we retire

You should begin looking into what Required Minimum Distributions. These RMDs {added ordinary income) need to be taken from the rollover IRA each year starting in the year your husband turns 72 and there is a 50% penalty if not taken. I suggest you start digging into the RMD details next year becaus...
by Eagle33
Wed Jul 28, 2021 1:46 pm
Forum: Personal Investments
Topic: Portfolio Review - Early retirement for Spouse
Replies: 12
Views: 1367

Re: Portfolio Review - Early retirement for Spouse

Thank you for the feedback, very helpful. I will play with stress testing my portfolio. Regarding Social Security, I am not factoring it from 57 to 62 but definetly considering it after 62, yet to decide when after 62 I will be taking SS though You can use Open Social Security to aid in determining...
by Eagle33
Tue Jul 27, 2021 10:55 pm
Forum: Investing - Theory, News & General
Topic: Unannounced Change at Vanguard [no Market Alerts for mutual funds]
Replies: 27
Views: 6131

Re: Unannounced Change at Vanguard [no Market Alerts for mutual funds]

I've had a banner on my summary page for the last month or so that is requesting I transition my MF platform accounts to brokerage accounts. Take action to transition your account Please take a few minutes to transition your account(s) from our old investment platform to our new one. Transition now ...
by Eagle33
Tue Jul 27, 2021 2:25 pm
Forum: Personal Investments
Topic: Portfolio review - started here years ago, now back with 2 kids!
Replies: 3
Views: 577

Re: Portfolio review - started here years ago, now back with 2 kids!

I'll read the article further, but is my initial impression correct: Bonds should be in the 457 or Her Rollover IRA (rather than in the Roth)? Yes So allocate all bonds in His 457 (or Her Rollover IRA?), allocate more (while maintaining the overall asset allocation) stocks in His Roth, correct? Yes...
by Eagle33
Tue Jul 27, 2021 12:51 pm
Forum: Personal Investments
Topic: Portfolio review - started here years ago, now back with 2 kids!
Replies: 3
Views: 577

Re: Portfolio review - started here years ago, now back with 2 kids!

Questions : 1. How ought we allocate to meet about 25% of stocks in international – I’m assuming VTIAX? And is this an appropriate allocation? 2. How ought we allocate to get 20% total in bonds (and is that an appropriate percentage given our ages and planned retirement around 58 years old)? 3. I h...
by Eagle33
Mon Jul 26, 2021 8:19 pm
Forum: Personal Investments
Topic: Another portfolio review, as I approach retirement
Replies: 7
Views: 1604

Re: Another portfolio review, as I approach retirement

4. I have AXP stock in my rollover IRA, and understand there is a way I can withdraw it and not be taxed on the gain, since that was my employer… is this true, and if so, how do you do it? Maybe you are referring to Net Realized Appreciation (NUA)? Rolling Over Company Stock: When It Does—and Doesn...
by Eagle33
Sun Jul 25, 2021 10:23 pm
Forum: Personal Finance (Not Investing)
Topic: Roth conversion worth it
Replies: 23
Views: 2950

Re: Roth conversion worth it

Why is no consideration is given for the tax rate at the time of tax deferral? The tax rates were higher in the 90's than they were this century. If we decided to defer money at 28% tax rate in the 90's and now convert or withdraw it at 22% today, then why is that not a good decision? True convertin...
by Eagle33
Sun Jul 25, 2021 4:18 pm
Forum: Personal Investments
Topic: Saving for College: 14 Year Timeline: Bond Fund in 529 vs I Bonds
Replies: 29
Views: 3103

Re: Saving for College: 14 Year Timeline: Bond Fund in 529 vs I Bonds

My nine-old granddaughter has $225K in her Vanguard 529 account. I am satisfied with the 65/35 index fund for this year and the next. It is funded with RMD from my TDA and IRA accounts. The ratio changes when she gets to middle school, when college no longer seems so distant anymore. I doubt if the...
by Eagle33
Sat Jul 24, 2021 9:51 pm
Forum: Personal Investments
Topic: Where to put bridge funds until SS at 70?
Replies: 22
Views: 2356

Re: Where to put bridge funds until SS at 70?

General guideline on this forum is if you need to spend the money within 5 years, then that money should not be in stocks. Good comment, is this consensus or is there a Boglehead guideline on this topic? Other BHs say 10 years. Based on Boglehead Philosophy Rule #3 - Never bear too much or too litt...
by Eagle33
Sat Jul 24, 2021 9:22 pm
Forum: Investing - Theory, News & General
Topic: Factoring social security into withdrawal rate
Replies: 12
Views: 1531

Re: Factoring social security into withdrawal rate

If one is planning to retire at 50 and aims for a $4m nest egg. And assuming s/he expects $7k monthly between SS and pension starting at age 71.. Rather than a 3.5% withdrawal rate starting at age 50, why not start at say 5% and then plan to reduce it once SS and pension kick in.. to 3% for example...
by Eagle33
Fri Jul 23, 2021 10:01 pm
Forum: Personal Investments
Topic: Where to put bridge funds until SS at 70?
Replies: 22
Views: 2356

Re: Where to put bridge funds until SS at 70?

General guideline on this forum is if you need to spend the money within 5 years, then that money should not be in stocks.
by Eagle33
Fri Jul 23, 2021 9:52 pm
Forum: Personal Finance (Not Investing)
Topic: SSA Survivors Benefit Appeal in July 2021
Replies: 15
Views: 1434

Re: SSA Survivors Benefit Appeal in July 2021

Have you helped her change her address on her SS online account?
by Eagle33
Fri Jul 23, 2021 9:09 pm
Forum: Personal Investments
Topic: What would you do with $116 in a Roth account?
Replies: 36
Views: 2684

Re: What would you do with $116 in a Roth account?

Is your brother older or younger than 59.5? How much of the $116 is contribution (basis) vs earnings? While the 10% penalty if younger is not earth shattering, it is anti-Boglehead to pay the penalty.
by Eagle33
Fri Jul 23, 2021 8:58 am
Forum: Personal Investments
Topic: Change in tax deferred availability starting next year - what to do?
Replies: 6
Views: 592

Re: Change in tax deferred availability starting next year - what to do?

Thanks for the replies. It won't be 1099. It's more like severance pay. There will be normal taxes taken out but no access to 401K benefits. I guess I need to research backdoor ROTH since I don't quite understand how those work. I can leave my money in my employers current 401K until the end of 202...
by Eagle33
Thu Jul 22, 2021 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Is there a % of wages legal limit on 401(k) plan contributions?
Replies: 28
Views: 2487

Re: Is there a % of wages legal limit on 401(k) plan contributions?

quantAndHold wrote: Wed Jul 21, 2021 6:20 pm My megacorp’s limit was 100%. The year I retired, I set it to 100%, maxed out my 401k for the year before the end of January, and then quit.
How did you pay your payroll taxes if you contributed 100% of your gross pay to your 401k?
by Eagle33
Thu Jul 22, 2021 2:50 pm
Forum: Non-US Investing
Topic: Pensioner Cash in Bonds & move to LS?
Replies: 10
Views: 1467

Re: Pensioner Cash in Bonds & move to LS?

That was my impression too, however the more digging i've done i've discovered more, i didn't realise she already had an isa in addition to the bonds i referred to in my initial post. But based on your earlier statement did she know she had a isa during the major market drops? So, after a bit more ...
by Eagle33
Wed Jul 21, 2021 9:59 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Supplement rate Increases
Replies: 29
Views: 2536

Re: Medicare Supplement rate Increases

Sounds good, but how do I properly "consider" them without knowing what I will need in future? There's no magic here. As with any insurance, you read, you analyze, you choose, you experience, you decide to alter your choice or not . Lather, rinse, repeat. If you aren't up to the task, you...
by Eagle33
Wed Jul 21, 2021 11:00 am
Forum: Personal Finance (Not Investing)
Topic: Help me understand IRA max out
Replies: 4
Views: 490

Re: Help me understand IRA max out

It's for the calendar year, 1/1 - 12/31. IRA contributions for the prior calendar year can be made up to 4/15 of the new year. Of course, you will need earned income during the designated calendar year. After 1/1 and before 4/15, it is always advisable to make the contribution to the prior year if ...
by Eagle33
Tue Jul 20, 2021 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: How late to re-characterize Roth IRA contributions?
Replies: 12
Views: 685

Re: How late to re-characterize Roth IRA contributions?

I just I used "email" incorrectly, I meant using that form (I had to do one from an IRA to a Roth earlier this year simply because I clicked on the wrong account when I was contributing, but I did it only like 2 weeks later Are you trying to recharacterize an already recharaterized contri...
by Eagle33
Tue Jul 20, 2021 1:43 pm
Forum: Investing - Theory, News & General
Topic: Vanguard app/site feature wishlist
Replies: 15
Views: 1093

Re: Vanguard app/site feature wishlist

starboi wrote: Mon Jul 19, 2021 1:20 pm Don't send mail every time a password is changed.
Do you want Vanguard to only send you an email when a hacker changes your password? :twisted:
by Eagle33
Mon Jul 19, 2021 10:07 pm
Forum: Investing - Theory, News & General
Topic: What would happen if a person owned the Total Market and pull out their profit each year putting it in a saving account.
Replies: 53
Views: 6218

Re: What would happen if a person owned the Total Market and pull out their profit each year putting it in a saving acco

The profit would be taken out no matter how much stock were up that year. If there was no profit they would let the Total Stock Market ride. What would happen in the long run? You don't like compounding interest? Actually OP is changing from compounding gains to compounding (bank) interest.
by Eagle33
Mon Jul 19, 2021 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone get their child tax credit check in the mail yet?
Replies: 15
Views: 1772

Re: Anyone get their child tax credit check in the mail yet?

This time is different and I predict numerous future forum postings, especially during 2021 tax filing season. Plenty of people will be surprised/complaining that they owe money next April because of this credit and their 2021 AGI.
by Eagle33
Sat Jul 17, 2021 7:51 pm
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 3288
Views: 2035001

Re: The Three-Fund Portfolio

given there are so many variations of this can one just do this 33.3 VTI 33.3 BND 33.3 VXUS to keep it simple ? Yes, that would be well within the realm of what most would consider acceptable. William Bernstein recommended this set it and forget it portfolio here: https://www.etf.com/docs/IfYouCan....
by Eagle33
Fri Jul 16, 2021 10:04 pm
Forum: Personal Investments
Topic: Large taxable account for the first time (in retirement)?
Replies: 4
Views: 1508

Re: Large taxable account for the first time (in retirement)?

I also wonder if I shouldn't look for alternatives to Vanguard's Total Stock Market Index Fund for our taxable account. We hold that in our Roth and traditional IRAs and I wouldn't want to get caught in a potential wash sale mess. We've used an Index 500 fund for this in the past, but now that we'r...
by Eagle33
Fri Jul 16, 2021 6:27 pm
Forum: Personal Investments
Topic: VTI in taxable vs Roth IRA?
Replies: 44
Views: 3966

Re: VTI in taxable vs Roth IRA?

AustinC27, It is in the order of priority and amount of money you to invest. A) Put all your bond into your tax-advantaged accounts: Tax-deferred first and then Roth B) Put the stocks into Roth IRA and then the taxable account. C) In your case, both stock and bond fit within your Roth IRA. Hence, y...
by Eagle33
Fri Jul 16, 2021 6:23 pm
Forum: Personal Investments
Topic: VTI in taxable vs Roth IRA?
Replies: 44
Views: 3966

Re: VTI in taxable vs Roth IRA?

I like having VTI in both. Couldn't you THL by just turning have dividends reinvesting in Roth and taxable? You could even leave reinvesting on and turn it off for 90 or so days and still THL. What if the reinvested dividends occurred in the 30 days prior to the date where a loss occurred in taxabl...
by Eagle33
Thu Jul 15, 2021 9:19 pm
Forum: Investing - Theory, News & General
Topic: Vanguard buys Just Invest.....
Replies: 75
Views: 8646

Re: Vanguard buys Just Invest.....

https://www.wsj.com/articles/investment-giant-vanguard-buying-justinvest-to-help-advisers-customize-portfolios-11626188378 Owned by investors in its U.S. funds, Vanguard has never done an acquisition. It must keep reinvesting any returns for its clients and lowering the cost of investing for its sh...
by Eagle33
Wed Jul 14, 2021 9:37 pm
Forum: Personal Finance (Not Investing)
Topic: FIRECalc -- Question?
Replies: 7
Views: 1122

Re: FIRECalc -- Question?

What results do you get if you enter that the pension starts in 2022? Is the pension positive or negative?
by Eagle33
Wed Jul 14, 2021 1:05 am
Forum: Personal Investments
Topic: What kind of advisor to get
Replies: 24
Views: 2615

Re: What kind of advisor to get

Hey sorry, didn't mean to ghost you all. I'm dealing with a kidney stone, tons of fun, and there are days when I'm just not up to being online. And days when I'm in the ER :happy I think I'm going with Mark Zoril's low cost advisor thing. I'm interested in what you all have to say as well, though, ...
by Eagle33
Sun Jul 11, 2021 7:53 pm
Forum: Personal Investments
Topic: Question before churn/rebalancing
Replies: 5
Views: 715

Re: Question before churn/rebalancing

I'll take a stab at this. But I found your post hard to understand, so I may not be answering your question exactly. The 529 should be allocated with consideration for the age of the child who will use the funds. If they are less than 5, 100% VTSAX is fine. As the age gets closer to college age, th...
by Eagle33
Sun Jul 11, 2021 7:49 pm
Forum: Personal Investments
Topic: Vanguard checkwriting
Replies: 6
Views: 1157

Re: Vanguard checkwriting

If you have checkwriting in your trad IRA you can write a check on that acct just like you do on your usual checking acct at your local bank. You then just send it yourself to whatever charity you want to donate the money to. They cash it like they would any other check. The money gets taken out of...