Search found 6050 matches

by HomeStretch
Mon Apr 19, 2021 11:20 am
Forum: Personal Consumer Issues
Topic: downsize or remodel
Replies: 10
Views: 555

Re: downsize or remodel

Spend some time thinking through your retirement housing plan and make sure it works long term and for a variety of outcomes. If you remodeled, would the house be suitable to aging in place and would you want/can afford to stay there? - If yes, consider a comprehensive remodeling to make the house s...
by HomeStretch
Mon Apr 19, 2021 8:35 am
Forum: Personal Investments
Topic: Almost on FIRE
Replies: 20
Views: 2293

Re: Almost on FIRE

Is there a way to still contribute to my Roth IRA even though my salary exceeds $139,000? And if I can, should I do it? For retirement savings, prioritize Roth contributions over Taxable as Roth accounts grow tax free. If you can utilize the Roth options, below, it’s worthwhile funding them to the ...
by HomeStretch
Mon Apr 19, 2021 7:42 am
Forum: Personal Investments
Topic: Need Help with Investment Plan - Close to Retirement
Replies: 10
Views: 1274

Re: Need Help with Investment Plan - Close to Retirement

Consider editing your original post using the pencil icon in the upper right corner to create an empty line between each type of account you/spouse have to make it easier for posters to review your accounts/holdings. It would also be helpful if you can add where each account is held (i.e., Fidelity,...
by HomeStretch
Sun Apr 18, 2021 8:28 pm
Forum: Personal Investments
Topic: Starting a Roth at 50
Replies: 3
Views: 472

Re: Starting a Roth at 50

Welcome to the forum!

At age 50+, you are eligible to also make a $1,000 catch-up contribution for a total 2021 contribution of $7,000.
by HomeStretch
Sun Apr 18, 2021 4:42 pm
Forum: Investing - Theory, News & General
Topic: Non-Timely 401(k) Deposits by Employer
Replies: 4
Views: 470

Re: Non-Timely 401(k) Deposits by Employer

Have you discussed this with your HR/benefits group?
by HomeStretch
Sun Apr 18, 2021 6:56 am
Forum: Personal Consumer Issues
Topic: Indestructible ants?
Replies: 21
Views: 1830

Re: Indestructible ants?

If you have the tiny black ants that like sugar, they are really tenacious and numerous. Try to find their entry point into your kitchen and call a professional exterminator if DIY measures fail. I was only able to get rid of them by using a professional exterminator. The exterminator placed poison ...
by HomeStretch
Sat Apr 17, 2021 11:11 am
Forum: Personal Consumer Issues
Topic: general contractor vs specialist
Replies: 12
Views: 635

Re: general contractor vs specialist

By “general contractor” do you mean someone who will sub out and coordinate the work for a fee or do you mean a contractor/handyman that does all types of work and will give you a quote on this?
by HomeStretch
Sat Apr 17, 2021 10:59 am
Forum: Personal Consumer Issues
Topic: Better air conditioning for upstairs: minisplit or just upgrade main hvac to variable speed?
Replies: 14
Views: 1344

Re: Better air conditioning for upstairs: minisplit or just upgrade main hvac to variable speed?

Based on the contractor’s evaluation of your current system: 1) is your equipment properly sized for your space? 2) does your system have the appropriate number and sizes of ducts and returns for your upstairs and downstairs? 3) are all ducts and returns free of any blockage that impedes air flow? 4...
by HomeStretch
Sat Apr 17, 2021 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Should I bother my insurance agent every renewal?
Replies: 6
Views: 786

Re: Should I bother my insurance agent every renewal?

I would expect a good agent to review your renewal coverage/rates each year, ask if you have had any changes that require coverage changes, see if they can do better on either with same or another insurer, and communicate the results to you along with the renewal information. Has your agent done thi...
by HomeStretch
Sat Apr 17, 2021 9:33 am
Forum: Investing - Theory, News & General
Topic: Helping a nurse with her 401(K)- Roth or Traditional ?
Replies: 4
Views: 426

Re: Helping a nurse with her 401(K)- Roth or Traditional ?

Your thoughts about using Roth rather than Traditional contributions makes sense. This BH wiki page “Traditional v. Roth” may be helpful to your friend when making the decision: https://www.bogleheads.org/wiki/Traditional_versus_Roth If your friend started her job mid-year, her current Federal margi...
by HomeStretch
Fri Apr 16, 2021 7:26 pm
Forum: Personal Consumer Issues
Topic: Cost of adding a new 1/2 bathroom (ground floor)
Replies: 9
Views: 1065

Re: Cost of adding a new 1/2 bathroom (ground floor)

Would the concrete garage floor need to be trenched in order to run water/electricity to or waste from the proposed location? Is the garage heated (so bathroom plumbing doesn’t freeze)? Do you have an easy way to vent the bathroom? Those are some of the details that can add $ to the cost of adding a...
by HomeStretch
Fri Apr 16, 2021 5:33 pm
Forum: Personal Consumer Issues
Topic: Selling house in 2 yrs: what should I spruce up?
Replies: 14
Views: 1663

Re: Selling house in 2 yrs: what should I spruce up?

Invite a realtor to your house and ask for feedback on what, if anything, needs sprucing up. Consider: 1) painting, refinishing floors 2) cleaning windows (and the rest of the house) really well 3) fixing anything that’s broken 4) paint the front door 5) clean up the yard, trim bushes, reseed front ...
by HomeStretch
Fri Apr 16, 2021 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: What to do next for our savings after maxing out everything?
Replies: 44
Views: 3568

Re: What to do next for our savings after maxing out everything?

Here’s a link to the BH wiki about the mega backdoor:
https://www.bogleheads.org/wiki/After-tax_401(k)

I-Bonds can be attractive as they are state tax exempt and taxes are deferred until maturity.
by HomeStretch
Fri Apr 16, 2021 5:23 pm
Forum: Personal Consumer Issues
Topic: Replacement windows
Replies: 19
Views: 1332

Re: Replacement windows

Yes 40 years is a long time. So I am not adverse to paying for a good window. Just need to know which ones will/might last that long. Consider checking with your town to see if a permit and inspection are required and whether there are any code changes you need to comply with. We installed Jeld Wen...
by HomeStretch
Fri Apr 16, 2021 10:23 am
Forum: Personal Consumer Issues
Topic: Replacing French Doors (many glass panes) with regular doors?
Replies: 7
Views: 344

Re: Replacing French Doors (many glass panes) with regular doors?

Buy a solid wood door rather than a hollow core door for less sound transmission.
by HomeStretch
Fri Apr 16, 2021 10:13 am
Forum: Personal Consumer Issues
Topic: Replacement windows
Replies: 19
Views: 1332

Re: Replacement windows

If your current windows are original to the home, before replacing them consider getting feedback as to how window replacement (rather than refurbishing the original windows) will impact selling the house in the future. Some buyers of historical homes (if yours can be described that way) are purists...
by HomeStretch
Fri Apr 16, 2021 9:59 am
Forum: Personal Consumer Issues
Topic: can I get boglehead approval for a 70K truck?
Replies: 97
Views: 5374

Re: can I get boglehead approval for a 70K truck?

You really don’t need approval for large purchases as you can afford it so it’s a personal decision. Just be careful not to “reward” yourself every time a risky investment pays off. It will eat into your return which increases risk. When high risk investments pay off, consider banking your returns s...
by HomeStretch
Fri Apr 16, 2021 9:53 am
Forum: Personal Finance (Not Investing)
Topic: Fixing a simple tax error from 4 years ago
Replies: 13
Views: 1168

Re: Fixing a simple tax error from 4 years ago

The IRS has a large backlog for receiving paper filings. Consider mailing the 2017 paper amended return with tracking so you have proof it was mailed before 5/17/21 (if that is the deadline for your 2017 amended return).
by HomeStretch
Fri Apr 16, 2021 9:46 am
Forum: Personal Consumer Issues
Topic: Do Basement Bathrooms w/Ejector Pumps work? (w/Sewers, not Septic)
Replies: 20
Views: 1276

Re: Do Basement Bathrooms w/Ejector Pumps work? (w/Sewers, not Septic)

+1

Ours works fine (installed 15 years ago, maintenance free). The ejector unit should have an alarm that goes off if there’s an issue. Our plumber that installed it told us to be careful how much paper gets flushed in the toilet as the ejector can clog.
by HomeStretch
Fri Apr 16, 2021 9:25 am
Forum: Personal Investments
Topic: Help Request for Accounts
Replies: 11
Views: 733

Re: Help Request for Accounts

Thanks for reposting your portfolio in the BH template format. It’s much easier to review your portfolio. What do you mean about wanting to “streamline things”? Fewer brokerages/accounts/holdings, improved tax efficiency, something else? A few questions: 1) What % of your partner’s 401k balance is R...
by HomeStretch
Fri Apr 16, 2021 7:08 am
Forum: Investing - Theory, News & General
Topic: I Bonds variable rate @ 3.54% in May
Replies: 64
Views: 7697

Re: I Bonds variable rate @ 3.54% in May

vanbogle59 wrote: Fri Apr 16, 2021 6:56 am this is probably a really dumb question...
Can I purchase these in my Vanguard IRA?
No. I-Bonds are purchased and held electronically in a Treasury Direct account or received in paper form via an IRS tax refund.
by HomeStretch
Thu Apr 15, 2021 9:16 pm
Forum: Personal Investments
Topic: How to handle my excess Roth contributions from 2019/2020?
Replies: 6
Views: 569

Re: How to handle my excess Roth contributions from 2019/2020?

...the brokerage allowed me to contribute $6,000... ...I realized I shouldn't have been able to make any Roth contributions. ... Based on your phrasing, it isn’t clear to me if you think the brokerage is responsible for determining whether or not you are eligible to make a direct Roth contribution....
by HomeStretch
Thu Apr 15, 2021 8:22 pm
Forum: Personal Investments
Topic: Better later than never?
Replies: 4
Views: 1046

Re: Better later than never?

[4]Tax Rate:15% Federal, 15% State [5]State of Residence:CT There currently is not a 15% Federal tax bracket. Are you in the 12% bracket? CT state income tax bracket range is 3% - 6.99%. [7]Desired Asset allocation: 60?stocks/40? bonds Desired International allocation: 20?% of stocks. Your asset al...
by HomeStretch
Thu Apr 15, 2021 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: Do tax preparer add value for 7 figure W2 income
Replies: 32
Views: 1896

Re: Do tax preparer add value for 7 figure W2 income

With income from W-2/RSU/dividends, being in your accumulation years, and maxing out all the Roth and tax deferred space available to you, it doesn’t seem likely there is an unidentified opportunity to significantly reduce your current tax burden. Perhaps there is an opportunity to improve your port...
by HomeStretch
Thu Apr 15, 2021 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Template for financial life for spouse if I’m dead?
Replies: 36
Views: 2304

Re: Template for financial life for spouse if I’m dead?

To add to the feedback you have already received: 1. Set up an email account to which you both share access to receive all communications from financial institutions, banks, credit card companies, vendors, utilities, tax authorities, etc. 2. If you use Bill Pay for a joint account, the related infor...
by HomeStretch
Thu Apr 15, 2021 8:46 am
Forum: Personal Investments
Topic: Same employer, 3 different 401k
Replies: 4
Views: 479

Re: Same employer, 3 different 401k

When an employer changes providers for a 401k plan, they usually rollover old plan balances into the new plan. There is a reason why your mom’s employer did not do so for the 403b (for example, old plans were terminated? union agreement dictates?) Your mom needs to contact the employer/old plan cust...
by HomeStretch
Thu Apr 15, 2021 8:10 am
Forum: Personal Investments
Topic: Suggestions for 70 year old Retiree
Replies: 11
Views: 1508

Re: Suggestions for 70 year old Retiree

Your mom could hold: 1) VTSAX (US total stock market) + the individual stocks she currently owns in her Taxable account 2) VFIAX (S&P 500) in her Roth IRA 3) a combination of US Equity, International Equity and US Bonds in her Traditional IRA to achieve her desired overall portfolio asset alloca...
by HomeStretch
Thu Apr 15, 2021 7:09 am
Forum: Personal Investments
Topic: sell all rental homes in one year or stager them yearly
Replies: 21
Views: 1649

Re: sell all rental homes in one year or stager them yearly

Do an analysis of the impact on your marginal tax rate by year of selling all properties in one year vs. in two, three and four years. Include as part of your marginal tax rate calculation any additional “tax” from any forfeited ACA subsidy, any Medicare IRMAA impact (your income at age 63 will dete...
by HomeStretch
Wed Apr 14, 2021 11:46 pm
Forum: Personal Investments
Topic: Help Request for Accounts
Replies: 11
Views: 733

Re: Help Request for Accounts

Welcome to the forum! +1 to holding equity in Roth accounts for highest expected growth, tax free. Consider editing your original post to use the portfolio format in “Asking Portfolio Questions” found here to make it easier for posters to give you feedback on a streamlined portfolio: https://www.bog...
by HomeStretch
Wed Apr 14, 2021 3:15 pm
Forum: Personal Investments
Topic: Portfolio Asset Allocation
Replies: 8
Views: 1154

Re: Portfolio Asset Allocation

... I should look into whether my new 401K enables "partial distributions"? If you want to preserve your ability to easily access your 401k funds under the ‘Rule of 55’, it is usually more beneficial to have the funds in a 401k plan that allows partial distributions. If the plan does not,...
by HomeStretch
Wed Apr 14, 2021 12:43 pm
Forum: Personal Investments
Topic: Series EE Bonds
Replies: 3
Views: 425

Re: Series EE Bonds

No, electronic bonds cannot be converted to paper bonds according to Treasury Direct’s SmartExchange FAQs:
https://www.treasurydirect.gov/indiv/re ... n_faqs.htm
by HomeStretch
Wed Apr 14, 2021 8:41 am
Forum: Personal Finance (Not Investing)
Topic: Loaning $15K / IRS form implications
Replies: 10
Views: 516

Re: Loaning $15K / IRS form implications

If you and your mom execute a loan agreement (good idea for estate purposes), it can specify the IRS-required interest rate. When it comes time to repay the loan, she can repay the $15k principal and you can gift (forgive) the interest payment to her. As the interest should be < $15k, no gift report...
by HomeStretch
Wed Apr 14, 2021 8:33 am
Forum: Personal Investments
Topic: Roth Conversion - CT withholding - Etrade
Replies: 3
Views: 251

Re: Roth Conversion - CT withholding - Etrade

CT requires withholding at 6.99% on pension and other retirement taxable distributions. You can provide a CT-W4P to the custodian to reduce (avoid) withholding. https://portal.ct.gov/DRS/News---Press-Releases/2017/DRS-Addresses-Taxpayer-Confusion-About-New-Retirement-Income-Withholding Consider call...
by HomeStretch
Wed Apr 14, 2021 4:55 am
Forum: Personal Consumer Issues
Topic: Any arborists or people with green thumbs?
Replies: 15
Views: 1217

Re: Any arborists or people with green thumbs?

+1 to soil test - Don’t plant tree too deep - Site tree in a spot with suitable light - Daily watering sounds too frequent, even for a new tree. Overwatering is worse than underwatering. - Monthly fertilizing sounds too frequent for a tree Edits: - if you mulch around the tree, don’t apply it agains...
by HomeStretch
Wed Apr 14, 2021 4:45 am
Forum: Personal Investments
Topic: Help with advising sister who's husband just passed.
Replies: 17
Views: 1807

Re: Help with advising sister who's husband just passed.

Not the most urgent financial task, but your sister may need to update her estate planning documents. Beneficiary(ies), executor named in will, healthcare representative, attorney-in-fact for durable power-of-attorney, etc.
by HomeStretch
Tue Apr 13, 2021 6:09 pm
Forum: Personal Investments
Topic: Portfolio Asset Allocation
Replies: 8
Views: 1154

Re: Portfolio Asset Allocation

... so the rule of 55 would not apply to my old 401K if my plans changed, only my current employer's plan. I had not considered that! ... If you were age 55 when you left the former employer, your balance in the old 401k is accessible under the ‘Rule of 55’ even if you were subsequently employed at...
by HomeStretch
Tue Apr 13, 2021 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: Former employer won't change my employment status with 401k provider
Replies: 13
Views: 1080

Re: Former employer won't change my employment status with 401k provider

profet wrote: Tue Apr 13, 2021 5:42 pm
DIFAR31 wrote: Tue Apr 13, 2021 5:39 pm If you haven't yet heard back from your former employer, how do you know that they won't change your employment status?
Because they haven't changed it, and are not responding.
You said you emailed. Try calling the HR VP.
by HomeStretch
Tue Apr 13, 2021 6:18 am
Forum: Personal Investments
Topic: Asking for portfolio feedback
Replies: 10
Views: 1032

Re: Asking for portfolio feedback

+1 to adding fund names What is the interest rate on the lake lot mortgage? Do you intend to hold it as is, build on it or sell it? Your desired equity allocation is 30%. Is your actual portfolio equity % at 30% now? Your prior thread had your actual equity allocation at <15%. Consider opening and c...
by HomeStretch
Mon Apr 12, 2021 7:28 pm
Forum: Personal Consumer Issues
Topic: shiplap for bathroom accent wall (what type of board?)
Replies: 9
Views: 878

Re: shiplap for bathroom accent wall (what type of board?)

If you have any concern about wood in the bathroom, you could use a tile that mimics the look of wood planks to create a shiplap effect.
by HomeStretch
Mon Apr 12, 2021 7:08 pm
Forum: Personal Investments
Topic: Should I consolidate my accounts?
Replies: 12
Views: 1613

Re: Should I consolidate my accounts?

By "clean-up" I assume it means reviewing the portfolio(s) to close any losing positions in order to restructure it? (ref. https://shrtm.nu/5VGj) If so, closing losing positions wouldn't result in capital gains taxes because those would be "realized losses". No? Sorry for any du...
by HomeStretch
Mon Apr 12, 2021 6:51 pm
Forum: Personal Finance (Not Investing)
Topic: 1099R Form Redistribution Code Tax Question
Replies: 14
Views: 678

Re: 1099R Form Redistribution Code Tax Question

2. Were the $6,000 x 2 distributions from the tIRAs reported on Forms 1099-R included as income on your Form 1040? (they should not be) But the $12,000 should be reported on line 4a I agree. I should have said “... included as income subject to tax on your Form 1040...”. OP, Line 4b should be zero.
by HomeStretch
Mon Apr 12, 2021 6:01 pm
Forum: Personal Finance (Not Investing)
Topic: 1099R Form Redistribution Code Tax Question
Replies: 14
Views: 678

Re: 1099R Form Redistribution Code Tax Question

In connection with a backdoor Roth, I would expect your/spouse’s 2020 Form 1099-Rs to each report: Box 1 - $6,000 Box 2a - $6,000 Box 2b - both boxes checked Box 7 - Code 2 and “IRA/SEP/SIMPLE” checked Double check the Form 1040 prepared by the CPA: 1. Were the $6,000 x 2 traditional IRA (tIRA) cont...
by HomeStretch
Mon Apr 12, 2021 5:25 pm
Forum: Personal Consumer Issues
Topic: Routine Plumbing Pipe Maintenance?
Replies: 16
Views: 1287

Re: Routine Plumbing Pipe Maintenance?

We use something similar to the drain strainer linked by investor4life and it works well to catch most hair before it does down the drain. Periodically, if the shower begins to drain slowly I (cautiously) use Glug, a lye product that my plumber says is okay for PVC pipe. Anyone in your house use a l...
by HomeStretch
Mon Apr 12, 2021 3:17 pm
Forum: Personal Investments
Topic: Should I consolidate my accounts?
Replies: 12
Views: 1613

Re: Should I consolidate my accounts?

What do you mean by taxes on unrealized gains? I thought you only pay taxes when you sell a security and you've made profit. The PC Taxable account holding’s unrealized gains will be subject to taxes if the holdings are sold in connection with the Taxable account clean-up. transfer to the Schwab Ta...
by HomeStretch
Mon Apr 12, 2021 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Coming out of being debt free - ??
Replies: 14
Views: 1283

Re: Coming out of being debt free - ??

If you and spouse are comfortable with mortgages in retirement, I don’t see a problem in borrowing to have 2 homes in desired locations as long as you can afford it. On that note: 1. What is the amount of the projected mortgage loans? 2) Do your pension benefits receive cost-of-living increases? 3) ...
by HomeStretch
Mon Apr 12, 2021 1:09 pm
Forum: Personal Investments
Topic: Advice on 401k loan when changing jobs
Replies: 2
Views: 191

Re: Advice on 401k loan when changing jobs

Also read your 401k loan agreement as it should specify whether you can make additional payments before your separation date and how your loan will be handled at/after separation.
by HomeStretch
Mon Apr 12, 2021 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: Employer covers 90% of Medical Insurance How Does It Work And Worth Getting to 100%?
Replies: 11
Views: 1001

Re: Employee covers 90% of Medical Insurance How Does It Work And Worth Getting to 100%?

Do you mean your employer (your post states “insurer” and “employee”) pays 90% and you pay 10% of the premium of $2,350/mo for your current coverage? If yes, if your employer is required to offer COBRA coverage and is not required to continue the employer subsidy, if you elect COBRA coverage you wo...
by HomeStretch
Mon Apr 12, 2021 10:52 am
Forum: Personal Consumer Issues
Topic: Deck Replacement Options
Replies: 43
Views: 2839

Re: Deck Replacement Options

...NO MAINTENANCE at all in the 6 years we had the patio installed. Just another option to consider if your property is flat enough for the patio.... +1 We also replaced a large cedar deck with a larger bluestone patio 11 years ago as part of a renovation/addition. Couple steps down from house Fren...
by HomeStretch
Mon Apr 12, 2021 7:57 am
Forum: Personal Finance (Not Investing)
Topic: Employer covers 90% of Medical Insurance How Does It Work And Worth Getting to 100%?
Replies: 11
Views: 1001

Re: Employee covers 90% of Medical Insurance How Does It Work And Worth Getting to 100%?

Do you mean your employer (your post states “insurer” and “employee”) pays 90% and you pay 10% of the premium of $2,350/mo for your current coverage? If yes, if your employer is required to offer COBRA coverage and is not required to continue the employer subsidy, if you elect COBRA coverage you wou...
by HomeStretch
Mon Apr 12, 2021 7:23 am
Forum: Personal Finance (Not Investing)
Topic: How much should I overpay?
Replies: 51
Views: 5204

Re: How much should I overpay?

... We are outgrowing it in many ways because I also work at home and keep the garage full of business items. It's a 4 bedroom house with 3 kids, and 2 of them are sharing a room so I can have an office. It's not especially uncomfortable now but I think it will start to get that way. Do you have ro...