Search found 397 matches

by hirlaw
Sun Apr 18, 2021 8:06 pm
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion. Vanguard Tax Form Screw-Up?
Replies: 8
Views: 549

Re: Roth Conversion. Vanguard Tax Form Screw-Up?

Sorry, I misspoke. The IRA was a pre-tax IRA. So, I really don't know how the coversion could be a taxable event.
by hirlaw
Sun Apr 18, 2021 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion. Vanguard Tax Form Screw-Up?
Replies: 8
Views: 549

Roth Conversion. Vanguard Tax Form Screw-Up?

In 2020, I converted a sum from a Vanguard traditional IRA to a Vanguard Roth IRA. The Form 1099-R I received from Vanguard includes the full sum in Box 2a, "Taxable amount". Box 2b is checked as "Taxable Amount not determined." The Box 7 Distribution Code shows "07". F...
by hirlaw
Mon Mar 15, 2021 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella Policy; Anyone actually made a claim?
Replies: 211
Views: 16055

Re: Umbrella Policy; Anyone actually made a claim?

chance of paying 20k to a lawyer
FYI: You would be paying a lot more than $20,000 in legal fees.
by hirlaw
Tue Mar 09, 2021 11:24 pm
Forum: Personal Finance (Not Investing)
Topic: Should umbrella insurance amount be based on assets?
Replies: 51
Views: 3637

Re: Should umbrella insurance amount be based on assets?

Technically no. If the plaintiff obtains a judgment for over $7 million, then he/she/it may continue to attempt to collect into the future until its judgment, plus interest, is satisfied.
by hirlaw
Tue Mar 09, 2021 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: Should umbrella insurance amount be based on assets?
Replies: 51
Views: 3637

Re: Should umbrella insurance amount be based on assets?

A lot depends on your circumstance. For example, if there is a young surgeon with $250K in non-exempt assets and $300k in liability insurance, I promise you the plaintiffs will not settle for $300K if the unfortunate surgeon looks down at his phone while driving, runs off the road and hits 3 childre...
by hirlaw
Mon Mar 01, 2021 10:19 pm
Forum: Personal Investments
Topic: Vanguard/Transamerica Variable Annuity Has a Guaranteed Minimum Interest Rate
Replies: 8
Views: 940

Re: Vanguard/Transamerica Variable Annuity Has a Guaranteed Minimum Interest Rate

No. I was just informing the forum. I know there are a lot of people here that have Vanguard Variable Annuities and might want the information. Until I read the contract, I wouldn't have thought that there was a minimum guaranteed interest rate. The guaranteed payouts exceed the current market singl...
by hirlaw
Mon Mar 01, 2021 4:51 pm
Forum: Personal Investments
Topic: Vanguard/Transamerica Variable Annuity Has a Guaranteed Minimum Interest Rate
Replies: 8
Views: 940

Re: Vanguard/Transamerica Variable Annuity Has a Guaranteed Minimum Interest Rate

It does not include return of principal. The payout rate is higher.
by hirlaw
Mon Mar 01, 2021 1:16 pm
Forum: Personal Investments
Topic: Vanguard/Transamerica Variable Annuity Has a Guaranteed Minimum Interest Rate
Replies: 8
Views: 940

Vanguard/Transamerica Variable Annuity Has a Guaranteed Minimum Interest Rate

I own a Vanguard Variable Annuity, purchased in 2003. While reading the Annuity Contract, I noticed that it includes a 3.25% guaranteed minimum interest rate during the "income" phase (annuitization). The contract includes tables showing these guaranteed payment amounts. This seems well ab...
by hirlaw
Sun Feb 28, 2021 10:39 pm
Forum: Personal Investments
Topic: Optum to Lively or Fidelity HSA?
Replies: 30
Views: 1843

Re: Optum to Lively or Fidelity HSA?

We have anOptum HSA not connected to an employer. We are charged a service fee of $33/year. With a balance of about $65k, the fee is pretty trivial. I stay at Optum because they have Vanguard Wellington Admiral as an investment option.
by hirlaw
Sat Feb 27, 2021 5:32 pm
Forum: Personal Investments
Topic: Fixed Annuity Rates
Replies: 5
Views: 499

Re: Fixed Annuity Rates

Thanks all. I should have been more concise. I was really interested in SPIA's. I had read that the 10 yr. treasury has an impact on their rates. But it sounds like that may not kick in for a few weeks.
by hirlaw
Sat Feb 27, 2021 10:50 am
Forum: Personal Investments
Topic: Fixed Annuity Rates
Replies: 5
Views: 499

Fixed Annuity Rates

My understanding is that fixed annuity rates are influenced by the yield on the 10 year treasury. Does anyone know if the payout rates have increased since the recent rise in the yield of the 10 year treasury?
by hirlaw
Sun Feb 14, 2021 1:58 pm
Forum: Personal Investments
Topic: Annuity to replace CD
Replies: 35
Views: 11283

Re: Annuity to replace CD

Gainbridge is actually an insurance agency. It sells annuities issued by Guggenheim Life and Annuity Company. I believe the only 2 ratings companies that rate Guggenheim are AM Best (B++) and Weiss (B-).
by hirlaw
Thu Feb 11, 2021 10:59 am
Forum: Personal Investments
Topic: Question on Calculating Modified Adjusted Gross Income
Replies: 2
Views: 542

Question on Calculating Modified Adjusted Gross Income

Hi All! I am trying to estimate this year's Modified Adjusted Gross Income for IRMAA purposes. Here is my question as an example: Suppose you sell shares in Widget Corp for a $5,000 long term gain. Then you sell shares in Acme Corp for a $3,000 loss. I understand being able to deduct the loss from t...
by hirlaw
Sun Feb 07, 2021 10:17 am
Forum: Personal Investments
Topic: Move to a shorter-term bond fund ?
Replies: 18
Views: 1845

Re: Move to a shorter-term bond fund ?

I have made a slight shift to lower duration.
by hirlaw
Wed Feb 03, 2021 1:29 pm
Forum: Investing - Theory, News & General
Topic: TSLA: What Changed?
Replies: 152
Views: 11894

Re: TSLA: What Changed?

This is from a June 1999 article in Fortune magazine, describing a "Tesla" of that time, Yahoo. This time its different. To be sure, Yahoo the company has been one of the great success stories in the short commercial history of the Internet. Founded five years ago by Jerry Yang and David F...
by hirlaw
Wed Jan 06, 2021 3:27 pm
Forum: Investing - Theory, News & General
Topic: Managing Roth conversions for future market risk
Replies: 35
Views: 2065

Re: Managing Roth conversions for future market risk

One tactic to consider is reducing or eliminating equities from the pre-tax portion of your portfolio.
by hirlaw
Thu Dec 31, 2020 11:12 am
Forum: Personal Consumer Issues
Topic: Monitor For a Mac Mini
Replies: 23
Views: 1777

Re: Monitor For a Mac Mini

And maybe the new IMac will be M2?
by hirlaw
Wed Dec 30, 2020 7:28 pm
Forum: Personal Investments
Topic: Being forced to move assets away from Vanguard
Replies: 51
Views: 3528

Re: Being forced to move assets away from Vanguard

My wife also had this issue with a financial employer. However, because she had a Vanguard "mutual fund account", rather than a brokerage account, there was no need to switch out of Vanguard.
by hirlaw
Tue Dec 29, 2020 11:43 am
Forum: Personal Investments
Topic: Has Anybody Used Fidelity's Symantec VIP 2-Factor Authentication?
Replies: 60
Views: 4772

Has Anybody Used Fidelity's Symantec VIP 2-Factor Authentication?

I am considering Fidelity's Symantec VIP 2-Factor Authentication. Wanted to get anyone's experience with it and also some answers to these questions: -Apparently, you can only use it on one devise. I plan on putting it on my IMac. What happens if I get a new IMac in the future? -I currently use Fide...
by hirlaw
Wed Dec 23, 2020 2:50 pm
Forum: Personal Consumer Issues
Topic: Password storage apps, recommendations?
Replies: 119
Views: 5093

Re: Password storage apps, recommendations?

Thank you for the replies! 1Password was recommended to me by an IT specialist at work, so I'm leaning toward that one. The cost is well worth the peace of mind. I'll need to spend some time over the holidays leaning how it works. Also, I learned that Fidelity allows a feature called "Account ...
by hirlaw
Tue Dec 08, 2020 1:28 pm
Forum: Personal Investments
Topic: Vanguard Annuity Transition to Transamerica
Replies: 190
Views: 14448

Re: Vanguard Annuity Transition to Transamerica

The transition worked out fine for me. Although, I find the Transamerica site to be a bit "clunky."
by hirlaw
Wed Nov 25, 2020 6:59 pm
Forum: Investing - Theory, News & General
Topic: Do TIPS actually protect against inflation?
Replies: 57
Views: 6340

Re: Do TIPS actually protect against inflation?

I own some short-term TIPS through VTIP & STIP. My feeling is that if short term treasuries are paying close to 0%, I might as well earn 0% and get some inflation protection for the short-term bond portion of my portfolio.
by hirlaw
Tue Nov 17, 2020 6:51 pm
Forum: Personal Consumer Issues
Topic: Who is your favorite fiction author and what is your favorite book of theirs?
Replies: 259
Views: 19382

Re: Who is your favorite fiction author and what is your favorite book of theirs?

My Present Go-To read s: Preston and Child: The Pendergast Series James Rollins: Sigma Force Series Past Favorites : John D. McDonald: Travis McGhee series Tom Clancy: Favorite is “Red Storm Rising” Michael Crighton: Tough call on favorite, maybe “Rising Sun” John Grisham: His earlier books, like “...
by hirlaw
Thu Nov 05, 2020 10:00 pm
Forum: Non-US Investing
Topic: Percent of assets in a single broker
Replies: 31
Views: 3627

Re: Percent of assets in a single broker

We split between Vanguard and Fidelity, as well as having assets at banks (such as Ally). My main concern is a debilitating cyber attack at a particular brokerage and/or cloud service it uses. Probably just paranoid. But the dual accounts hasn't been too inconvenient.
by hirlaw
Sun Nov 01, 2020 6:54 pm
Forum: Personal Consumer Issues
Topic: iPhone upgrade trick w/AT&T
Replies: 59
Views: 7938

Re: iPhone upgrade trick w/AT&T

Do you need to commit to a contract? For example, after 6 months can you switch the service to another provider?
by hirlaw
Sun Nov 01, 2020 6:32 pm
Forum: Investing - Theory, News & General
Topic: If retired, what's your allocation to fixed income?
Replies: 107
Views: 10511

Re: If retired, what's your allocation to fixed income?

We are retired, 64 & 65. Allocation is approximately 35/65. Expenses are being paid out of the fixed income portion, with most stock dividends and fund distributions being reinvested, rather than spent. So, the equity side of this allocation may "glide" up as the years go by. My intent...
by hirlaw
Mon Oct 19, 2020 10:03 am
Forum: Personal Investments
Topic: Vanguard: Converting From Fund to ETF
Replies: 9
Views: 541

Vanguard: Converting From Fund to ETF

How do you go about converting from a mutual fund to an ETF in a Vanguard Brokerage Account? If anyone has experience for this in a taxable account, have you had any problems with converting the cost basis?

Thanks!
by hirlaw
Thu Oct 15, 2020 10:34 am
Forum: Personal Consumer Issues
Topic: Most comfortable shoe: please recommend
Replies: 81
Views: 6948

Re: Most comfortable shoe: please recommend

Super comfortable: Brooks Adrenaline GTS

[url]Adrehttps://www.brooksrunning.com/en_us/brooks-adre ... qMQAvD_BwE[/url]
by hirlaw
Wed Oct 14, 2020 12:56 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Brokerage Transition Messages
Replies: 85
Views: 5152

Re: Vanguard Brokerage Transition Messages

Has anyone had a problem with the cost basis information being screwed up because of the conversion to brokerage? No, they've been doing the conversion to brokerage accounts for many years now. The cost basis passes through. What you will want to do after the conversion is confirm the cost basis me...
by hirlaw
Tue Oct 13, 2020 10:08 am
Forum: Personal Consumer Issues
Topic: Favorite Science Fiction Movies
Replies: 179
Views: 9103

Re: Favorite Science Fiction Movies

Great suggestions!

For TV, I would add Fringe, Travelers and Westworld.

For Movies, I would add: Battle: Los Angeles and Battleship.
by hirlaw
Mon Oct 12, 2020 9:49 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Brokerage Transition Messages
Replies: 85
Views: 5152

Re: Vanguard Brokerage Transition Messages

Has anyone had a problem with the cost basis information being screwed up because of the conversion to brokerage?
by hirlaw
Tue Sep 29, 2020 9:34 pm
Forum: Personal Consumer Issues
Topic: How do you stay organized?
Replies: 17
Views: 1633

Re: How do you stay organized?

Google calendar and the alarm in the IPhone Clock app to remind me of meetings, phone calls, appointments, etc. (because I am getting older!)
by hirlaw
Sun Sep 13, 2020 4:38 pm
Forum: Personal Investments
Topic: New 529 Plan
Replies: 10
Views: 797

Re: New 529 Plan

Thanks for your replies
by hirlaw
Sun Sep 13, 2020 4:37 pm
Forum: Personal Investments
Topic: New 529 Plan
Replies: 10
Views: 797

Re: New 529 Plan

Thanks for your replies
by hirlaw
Sun Sep 13, 2020 2:13 pm
Forum: Personal Investments
Topic: New 529 Plan
Replies: 10
Views: 797

New 529 Plan

I am planning on funding and setting up a 529 Plan for a new grandson. I see Morningstar gives Gold ratings to the Illinois, Virginia, Utah & California plans. We (and the baby) live in a no income tax state. So, any state's plan will work. Does anyone have experience with these 4 plans or other...
by hirlaw
Fri Sep 04, 2020 2:40 pm
Forum: Personal Investments
Topic: Taking Capital Gains Now vs. In the Future
Replies: 2
Views: 344

Taking Capital Gains Now vs. In the Future

I am 64 and my wife is 65. We have been doing some Roth conversions prior to claiming SS at 70. My understanding is that Roth conversions make sense if: a) taxes on the conversion are paid with after-tax funds and b) you make the assumption that tax rates will be higher at the time of RMD. If you as...
by hirlaw
Sat Aug 22, 2020 10:32 pm
Forum: Personal Investments
Topic: whole life insurance with cash value
Replies: 50
Views: 2938

Re: whole life insurance with cash value

I am in my 60's. When I was in my mid-40's I had a whole life policy and did a 1035 exchange into a Vanguard Variable Annuity. The funds have been invested in a mix of various Vanguard sub-accounts that are clones of Vanguard funds. The value has grown quite a bit over the years. I can't say if this...
by hirlaw
Mon Aug 03, 2020 8:36 am
Forum: Personal Investments
Topic: Good idea to hold TIPS now?
Replies: 185
Views: 17106

Re: Good idea to hold TIPS now?

FYI: Below is an excerpt from the article mentioned above: Perhaps the most straightforward way of hedging against inflation in coming years is by investing in TIPS—Treasury inflation-protected securities. These bonds’ returns are pegged to the Consumer Price Index, so they automatically return more...
by hirlaw
Sun Aug 02, 2020 6:47 pm
Forum: Personal Investments
Topic: Good idea to hold TIPS now?
Replies: 185
Views: 17106

Re: Good idea to hold TIPS now?

This article gives the pros for buying TIPs now (you can scroll down to the "TIPS" section.)

https://www.marketwatch.com/story/retir ... 2020-07-20
by hirlaw
Fri Jul 31, 2020 10:27 am
Forum: Investing - Theory, News & General
Topic: Great Depression 2.0
Replies: 21
Views: 1807

Re: Great Depression 2.0

Whenever I get nervous about the stock market in the current pandemic, I look back to the last major pandemic, in 1918-19.

How did the stock market and the economy do after that? The Roaring 20's. :moneybag
by hirlaw
Mon Jul 20, 2020 7:19 pm
Forum: Personal Consumer Issues
Topic: Duct Cleaning- Your Thoughts
Replies: 37
Views: 2354

Re: Duct Cleaning- Your Thoughts

Lot's of long past threads on duck cleaning. Search the forum archives. We had ours thoroughly cleaned when we bought our home. It had been abandoned for 4 years and stank. The HVAC units were cleaned and disinfected as well as as much of the ducks that could be gotten into. Also, back flowed and v...
by hirlaw
Thu Jul 16, 2020 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: Tired Lawyer, Need career and life advice
Replies: 106
Views: 14542

Re: Tired Lawyer, Need career and life advice

Retired (mostly) attorney here. People outside of law may not realize the stress and anxiety that many lawyers face. I understand a lot of professions involve stress. In my state, the Lawyer's Assistance Program found that 32% of attorneys 30 yrs. old and younger had a drinking problem, 28% of atto...
by hirlaw
Thu Jul 16, 2020 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: Tired Lawyer, Need career and life advice
Replies: 106
Views: 14542

Re: Tired Lawyer, Need career and life advice

Retired (mostly) attorney here. People outside of law may not realize the stress and anxiety that many lawyers face. I understand a lot of professions involve stress. In my state, the Lawyer's Assistance Program found that 32% of attorneys 30 yrs. old and younger had a drinking problem, 28% of atto...
by hirlaw
Thu Jul 16, 2020 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Tired Lawyer, Need career and life advice
Replies: 106
Views: 14542

Re: Tired Lawyer, Need career and life advice

Retired (mostly) attorney here. People outside of law may not realize the stress and anxiety that many lawyers face. I understand a lot of professions involve stress. In my state, the Lawyer's Assistance Program found that 32% of attorneys 30 yrs. old and younger had a drinking problem, 28% of attor...
by hirlaw
Sun Jul 05, 2020 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Who has long term care insurance?
Replies: 122
Views: 6806

Re: Who has long term care insurance?

My wife and I both have Genworth policies that we purchased about 15 years ago (we are mid-60's). At the time, I believe Genworth (at that time GE) and John Hancock were the two major players. My only concern is Genworth's solvency . It is in serious financial trouble. Current ratings are: Fitch: CC...
by hirlaw
Wed Jun 24, 2020 5:12 pm
Forum: Personal Consumer Issues
Topic: What is the single best piece of exercise equipment you bought for your home?
Replies: 259
Views: 17677

Re: What is the single best piece of exercise equipment you bought for your home?

A set of resistance bands (the kind with handles). It comes with a door attachment to loop the bands thru. I was surprised how good a workout I have been getting!
by hirlaw
Sat Jun 13, 2020 5:17 pm
Forum: Personal Investments
Topic: Roth IRA most aggressive fund
Replies: 26
Views: 2157

Re: Roth IRA most aggressive fund

Dakota wrote: Sat Jun 13, 2020 5:11 pm vtsax total stock market fund is a solid choice, what are your thoughts about these.

VTWAX world stock, VMGMX madcap growth. VWUSX U.S. growth
That works if growth outperforms value in the future, but that is not always the case.
by hirlaw
Fri Jun 05, 2020 6:11 pm
Forum: Personal Investments
Topic: FDIC Insurance above $250K
Replies: 21
Views: 1330

Re: FDIC Insurance above $250K

This is a helpful guide from the FDIC. For instance, a joint account is insured up to $250,000 per co-owner.

www.fdic.gov/deposit/covered/categories.html
by hirlaw
Tue May 26, 2020 3:24 pm
Forum: Investing - Theory, News & General
Topic: Bogleheads: What is your largest single stock holding? (if any)
Replies: 79
Views: 4485

Re: Bogleheads: What is your largest single stock holding? (if any)

JPMorgan Chase (JPM).

About 5% of our portfolio. It was my wife’s former employer. Shares were accumulated over time through price discounts offered to employees and RSU’s, with reinvestment of dividends.

We have sold some thru tax loss harvesting, but not a lot due to capital gains exposure.