Search found 340 matches

by jhawktx
Sun Apr 11, 2021 6:56 am
Forum: Personal Finance (Not Investing)
Topic: Age 63 retired, planning how to use Roth conversions
Replies: 35
Views: 4113

Re: Age 63 retired, planning how to use Roth conversions

jhawtx posed a question to a point I made. Peter Foley wrote: ↑Sat Apr 10, 2021 7:10 pm 3. Because of the IRMAA cost increase, you may find it better to convert to just below an IRMAA threshold one year and a fair amount above it the next. Years odd and even could average to what you were modeling ...
by jhawktx
Sat Apr 10, 2021 8:02 pm
Forum: Personal Finance (Not Investing)
Topic: Age 63 retired, planning how to use Roth conversions
Replies: 35
Views: 4113

Re: Age 63 retired, planning how to use Roth conversions

3. Because of the IRMAA cost increase, you may find it better to convert to just below an IRMAA threshold one year and a fair amount above it the next. Years odd and even could average to what you were modeling but you might save on IRMAA. Can you say more about this? I don't understand this point.
by jhawktx
Sat Apr 10, 2021 11:34 am
Forum: Personal Finance (Not Investing)
Topic: Ed Slott's new book NEW RETIREMENT SAVINGS TIME BOMB
Replies: 154
Views: 11413

Re: Ed Slott's new book NEW RETIREMENT SAVINGS TIME BOMB

You can, of course, avoid the "time bomb" [egads!!!] by choosing to forego contributions to a traditional IRA. That would typically be a huge mistake. But a TIME BOMB...oh no...run for cover!!!
by jhawktx
Wed Apr 07, 2021 11:42 am
Forum: Personal Finance (Not Investing)
Topic: For those retired or FI, how much do you spend annually?
Replies: 286
Views: 21593

Re: How much do you spend annually in retirement?

If $50,000 is living high on the hog, we are living well above the tallest hog.
by jhawktx
Fri Mar 12, 2021 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Borrow From a Roth IRA to Buy a House
Replies: 6
Views: 831

Re: Borrow From a Roth IRA to Buy a House

"Should you be unable to roll back the full amount, if the amount you took out includes any earnings, the earnings (taxable) are treated as being rolled back first. You would report the rollover on lines 4a and 4b of Form 1040, but if you do not roll back the entire distribution, the portion y...
by jhawktx
Fri Mar 12, 2021 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Borrow From a Roth IRA to Buy a House
Replies: 6
Views: 831

Re: Borrow From a Roth IRA to Buy a House

Should you be unable to roll back the full amount, if the amount you took out includes any earnings, the earnings (taxable) are treated as being rolled back first. You would report the rollover on lines 4a and 4b of Form 1040, but if you do not roll back the entire distribution, the portion you kept...
by jhawktx
Thu Mar 11, 2021 7:06 pm
Forum: Personal Consumer Issues
Topic: Mail to IRS--Certified
Replies: 74
Views: 5228

Re: Mail to IRS--Certified

I've always used option 4...regular envelope with regular stamp. I've never had a problem in that multi-decade approach.
by jhawktx
Sun Mar 07, 2021 8:46 am
Forum: Personal Investments
Topic: Vanguard Checks Written on Brokerage/Settlement Account Being Rejected or Returned To Merchants
Replies: 74
Views: 7172

Re: Vanguard Checks Written on Brokerage/Settlement Account Being Rejected or Returned To Merchants

My opinion: — Do banking at banks. — Do investing at brokerages. — Don't seek all-in-one solutions. Why not? Fidelity seems to offer all these services and many seem to be happy with the customer service they provide. How do you know that many are happy with Fidelity service? Is there a fidelity fo...
by jhawktx
Tue Mar 02, 2021 6:13 pm
Forum: Investing - Theory, News & General
Topic: Tilt toward US equities due to taxes?
Replies: 34
Views: 2461

Re: Tilt toward US equities due to taxes?

In a tax-advantaged account you can't claim the foreign tax credit so yes there is tax drag. Even in a taxable account there's tax drag because the QDI ratio is lower for VXUS than for VTI, leading to higher US taxes on dividends. For that reason and the higher expense ratio I tilt to US stocks (2/...
by jhawktx
Thu Feb 25, 2021 12:08 am
Forum: Personal Investments
Topic: VTMFX in taxable - who has it and what do you use it for?
Replies: 9
Views: 1394

Re: VTMFX in taxable - who has it and what do you use it for?

4 paragraphs but not enough time to spell out what fund it is
by jhawktx
Wed Feb 24, 2021 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: Qualified Charitable Distributions
Replies: 30
Views: 1948

Re: Qualified Charitable Distributions

Also, you must have the same type of acknowledgment of your contribution that you would need to claim a deduction for a charitable contribution. The above wording is from IRS pub 590. To me, this means you just need an acknowlegment that the charity received your "contribution". Whether or...
by jhawktx
Mon Feb 22, 2021 8:55 pm
Forum: Personal Finance (Not Investing)
Topic: Sequence of RMD withdrawal from our IRA account
Replies: 11
Views: 961

Re: Sequence of RMD withdrawal from our IRA account

Otherwise, your only timing requirements are to complete all intended QCDs before you complete your RMD, and complete your RMD before you convert additional amounts. To clarify, it is **NOT** a requirement that a QCD is part of the RMD. It can be withdrawn as part/all of the RMD or after the RMD ha...
by jhawktx
Mon Feb 22, 2021 6:18 pm
Forum: Personal Finance (Not Investing)
Topic: Sequence of RMD withdrawal from our IRA account
Replies: 11
Views: 961

Re: Sequence of RMD withdrawal from our IRA account

Otherwise, your only timing requirements are to complete all intended QCDs before you complete your RMD, and complete your RMD before you convert additional amounts. To clarify, it is **NOT** a requirement that a QCD is part of the RMD. It can be withdrawn as part/all of the RMD or after the RMD ha...
by jhawktx
Mon Feb 15, 2021 8:46 pm
Forum: Personal Consumer Issues
Topic: Costco vs. Fidelity credit card for Costco purchases
Replies: 19
Views: 2089

Re: Costco vs. Fidelity credit card for Costco purchases

When buying durable goods like electronics or furniture at Costco, where the credit card extended warranty is important to me, should I use my Costco Visa credit card or Fidelity Visa credit card? I may be wrong, but I think both cards offer the same warranty benefits. I also think they both give 2...
by jhawktx
Mon Feb 15, 2021 6:16 pm
Forum: Investing - Theory, News & General
Topic: Can Qualified Charitable Distributions be automated?
Replies: 14
Views: 766

Re: Can QCDs be automated?

Why are certain acronyms accepted but not - what are really unambiguously universal - ticker symbols, which are frowned upon? For reference, in my line of duty, a QCD is a Quit Claim Deed. And I don't think that has anything to do with your question :oops: How often does a client ask you about auto...
by jhawktx
Sun Feb 14, 2021 6:49 pm
Forum: Personal Finance (Not Investing)
Topic: Needing input - Thinking to move back to TX after my move to CA
Replies: 19
Views: 2357

Re: Needing input - Thinking to move back to TX after my move to CA

Are you renting or do you own a home in San Diego? Do you have an IT job that easily supports work from home, or do you have a specialty that often requires working on-site (yes there are some)? While 1%ers with millions or tens of millions in unrealized capital gains do well to move to TX, for peo...
by jhawktx
Sun Feb 14, 2021 6:27 pm
Forum: Personal Investments
Topic: Thoughts on Fidelity Zero Extended Market Index
Replies: 27
Views: 3436

Re: Thoughts on Fidelity Zero Extended Market Index

Upon opening my Roth IRA at Fidelity one of my first purchases was their Zero Extended Market Index (FZIPX). After purchasing I looked into the number of holdings in the index and it is 1928. Then I looked at the non Zero Extended Market Index (FSMAX) and it has 3218 holdings. That lead me to think...
by jhawktx
Sun Feb 14, 2021 6:06 pm
Forum: Personal Investments
Topic: Thoughts on Fidelity Zero Extended Market Index
Replies: 27
Views: 3436

Re: Thoughts on Fidelity Zero Extended Market Index

I hold FZROX (Fidelity zero fee Total Market Index Fund) as my sole Fidelity HSA fund and it has 2442 holdings. It's likely the tracking error is minimal, and keep in mind tracking error can be positive as well as negative. At some point the ER vs the equivalent Fidelity fee fund is likely larger t...
by jhawktx
Sun Feb 14, 2021 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: Needing input - Thinking to move back to TX after my move to CA
Replies: 19
Views: 2357

Re: Needing input - Thinking to move back to TX after my move to CA

As someone who has lived in both states also, you basically nailed it when you said living in California "is freaking expensive compared to Texas". That is no joke.
by jhawktx
Sat Feb 13, 2021 5:09 pm
Forum: Personal Investments
Topic: Does Anyone Confirm Dividend Amounts?
Replies: 27
Views: 2453

Re: Does Anyone Confirm Dividend Amounts?

Not only don't I confirm dividend amounts, but I never thought of doing so. On the other hand, I do check each item in my monthly credit card bill, which many people probably don't do. Over the course of many years, I think I only found one or two errors. I am like this too. However, I have actuall...
by jhawktx
Sat Feb 13, 2021 4:36 pm
Forum: Personal Investments
Topic: Does Anyone Confirm Dividend Amounts?
Replies: 27
Views: 2453

Re: Does Anyone Confirm Dividend Amounts?

dukeblue219 wrote: Fri Feb 12, 2021 9:55 pm No, but I'm certain someone here has. Some BHers have way too much time on their hands :D
LOL! Very true. Anyone who has tens of thousands of posts on ANY message board (not just Bogleheads) would fall into the "too much time on their hands" category. :happy
by jhawktx
Thu Feb 11, 2021 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard no longer providing a Foreign Tax Paid statement
Replies: 92
Views: 10547

Re: Vanguard no longer providing a Foreign Tax Paid statement

Has anyone been able to recreate the information that used to be on the Foreign Tax Paid statement? Here (and subsequent posts) from earlier today. Also here , although that thread is more distress and less calculation. Thank you. I replied there and pointed out that "You also need Foreign Inc...
by jhawktx
Wed Feb 10, 2021 9:33 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Sapphire Reserve vs Amex Platinum
Replies: 47
Views: 4139

Re: Chase Sapphire Reserve vs Amex Platinum

I just got hit with my AF for the CSR and they aren't giving me a retention offer. So I'm debating whether to keep this card. I just had my second child so between that and COVID I don't know how much flying I'll be doing this year before December. Is it worth keeping the CSR? Seems that the Amex P...
by jhawktx
Wed Feb 10, 2021 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Sapphire Reserve vs Amex Platinum
Replies: 47
Views: 4139

Re: Chase Sapphire Reserve vs Amex Platinum

I just got hit with my AF for the CSR and they aren't giving me a retention offer. So I'm debating whether to keep this card. I just had my second child so between that and COVID I don't know how much flying I'll be doing this year before December. Is it worth keeping the CSR? Seems that the Amex P...
by jhawktx
Sat Feb 06, 2021 5:04 pm
Forum: Personal Investments
Topic: Completely Roth in retirement?
Replies: 59
Views: 4794

Re: Completely Roth in retirement?

This would be an utterly ridiculous plan. However, given that the general BH advice is so overwhelmingly slanted toward pushing people to convert to Roth even when it makes no sense at all, I can easily see why some newbies on this board would be driven to such a foolish decision.
by jhawktx
Sat Feb 06, 2021 10:15 am
Forum: Personal Finance (Not Investing)
Topic: Taking Social Security early to pay for IRMAA?
Replies: 65
Views: 3357

Re: Taking Social Security early to pay for IRMAA?

If the couple chooses to have both spouses delay, and then one spouse dies early, sure, that deceased spouse will no longer care that they could have received some benefits. But the surviving spouse might care. His or her circumstances might be meaningfully improved by having that additional money....
by jhawktx
Fri Feb 05, 2021 7:05 pm
Forum: Personal Investments
Topic: Move to a shorter-term bond fund ?
Replies: 18
Views: 1882

Re: Move to a shorter-term bond fund ?

As always, if you think you have picked a perfect time to get out of something then you first need to think about how you will decide when to get back into it.
by jhawktx
Thu Feb 04, 2021 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: Waiting Till Age 70 to Draw SS
Replies: 129
Views: 9401

Re: Waiting Till Age 70 to Draw SS

You didn't explain it well enough.
by jhawktx
Thu Feb 04, 2021 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Taking Social Security early to pay for IRMAA?
Replies: 65
Views: 3357

Re: Taking Social Security early to pay for IRMAA?

You could continue to search for new calculators and ask for advice on additional finance message boards. Then you could assemble and assimilate that information, come to grips with the nuances, wrestle with and resolve all the inconsistencies, and ultimately gel on a solid plan. That will probably ...
by jhawktx
Thu Feb 04, 2021 10:26 am
Forum: Personal Finance (Not Investing)
Topic: Taking Social Security early to pay for IRMAA?
Replies: 65
Views: 3357

Re: Taking Social Security early to pay for IRMAA?

jhawktx You are correct - it suggests my wife take hers right now, which was the same answer given to me a year ago. And wait until age 70 for mine. Steve Perfect. You said above you wanted to avoid doing something foolish. From this point forward, every month you delay signing your wife up for SS ...
by jhawktx
Thu Feb 04, 2021 10:06 am
Forum: Personal Finance (Not Investing)
Topic: Taking Social Security early to pay for IRMAA?
Replies: 65
Views: 3357

Re: Taking Social Security early to pay for IRMAA?

Use the great and free tool at opensocialsecurity.com to get the best strategy. My situation is not too different from yours and it tell me to wait until 70, but have my wife claim at 65 and 3 months. Since your benefit is larger, it will continue even after the first one of you passes, whereas the...
by jhawktx
Wed Feb 03, 2021 7:02 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare
Replies: 14
Views: 1444

Re: Medicare

KneePartsPro wrote: Tue Feb 02, 2021 9:21 am Thank you for posting this. While I am nowhere near Medicare age, I very much hope to be one day and at that point this information will come in handy. :thumbsup
Well, maybe. More likely it will change significantly so I'd recheck current info. closer to that date.
by jhawktx
Mon Feb 01, 2021 10:03 am
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 4587
Views: 234863

Re: [GameStop GME trading mega-thread]

Things are going backwards today on the way to the moon.

EMG$
OG
!RRRB
by jhawktx
Sat Jan 30, 2021 9:03 pm
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 4587
Views: 234863

Re: [GameStop GME trading mega-thread]

Possibly a very dumb question: but wouldn't it be possible for a hedge fund to.... hedge its bets by shorting GME now? It's still a gamble just as shorting always is, but they'd have a much better idea of when the bubble will pop. Absolutely, and It think that is how it ends. The robinhood crowd, s...
by jhawktx
Wed Jan 27, 2021 9:49 am
Forum: Investing - Theory, News & General
Topic: Rebalancing into stocks when they fall is unrealistic
Replies: 170
Views: 16101

Re: Rebalancing into stocks when they fall is unrealistic

Hopefully by now the OP has reaized that rebalancing by putting money into stocks at the March llow would have paid off in a big way. If you are nervous about buying stocks when they fall then your asset allocation is set improperly.
by jhawktx
Mon Jan 25, 2021 10:06 pm
Forum: Personal Finance (Not Investing)
Topic: How much tax burden is too much?
Replies: 64
Views: 4661

Re: How much tax burden is too much?

We live 8n Texas with no state income tax but ridiculous property taxes. To me, property taxes here are the gift that keeps on taking, so Even with no taxable income you can be in real hurt. We recently bailed on a new house construction due to the tax implications. With 5 to 6 years to go before r...
by jhawktx
Mon Jan 25, 2021 7:32 pm
Forum: Investing - Theory, News & General
Topic: Why isn't every indexer investing in small cap value index funds?
Replies: 372
Views: 35601

Re: Why isn't every indexer investing in small cap value index funds?

Speaking of apples and oranges, I don't understand why people in this thread keep comparing the RETURNS of SCV and TSM with no mention of the additional risk of SCV. Risk adjusted return is the only valid comparison of the two. So-called “risk-adjusted” returns are - at best - only valid when compa...
by jhawktx
Mon Jan 25, 2021 5:44 pm
Forum: Investing - Theory, News & General
Topic: Why isn't every indexer investing in small cap value index funds?
Replies: 372
Views: 35601

Re: Why isn't every indexer investing in small cap value index funds?

I do have small growth value within total stock market. I've never understood why people say things like this it's redundant at best. We are talking about *tilting* you are not tilting you simply own a index - apples and oranges. If you look at the title of the thread, it's a reasonable response. E...
by jhawktx
Mon Jan 25, 2021 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: Buying before Selling Existing Home
Replies: 33
Views: 2605

Re: Buying before Selling Existing Home

I mean, if the OP is willing to lower the price then more reason to just buy a new place, move, then sell the existing home. I don't understand the suggestion to rent a place, move, buy/sell a house then move again. The only situation that that makes sense is when the OP wants to become a renter, n...
by jhawktx
Mon Jan 11, 2021 12:07 am
Forum: Personal Consumer Issues
Topic: Cost of owning older vehicle
Replies: 38
Views: 3318

Re: Cost of owning older vehicle

However it got me wondering, on an older vehicle that you bought cheap...when is the cost at a point where it is better off purchasing another vehicle? Here is how I look at it. You will have operating costs like gas, insurance, tires, routine maintenance, etc with any car. Those are important but ...
by jhawktx
Sun Jan 10, 2021 7:22 pm
Forum: Investing - Theory, News & General
Topic: Kitces article on lower prob of retirement success ok
Replies: 75
Views: 7567

Re: Kitces article on lower prob of retirement success ok

Kitces articles are always an absolute must read. Extremely valuable advice and analysis. If you read, understand, and follow the learnings from Kitces you could save many, many thousands of dollars in your portfolio over a lifetime. [Disrespectful comment removed by moderator oldcomputerguy]
by jhawktx
Sun Jan 10, 2021 4:02 pm
Forum: Personal Investments
Topic: Check my Zero ER Portfolio
Replies: 42
Views: 2761

Re: Check my Zero ER Portfolio

stan1 wrote: Sun Jan 10, 2021 3:45 pm Terse responses like "true" and "not true" are of little use to forum members.
Surely we can do better than that?
Ok
by jhawktx
Sun Jan 10, 2021 3:10 pm
Forum: Personal Investments
Topic: Check my Zero ER Portfolio
Replies: 42
Views: 2761

Re: Check my Zero ER Portfolio

You may wish to carefully compare returns of the Fidelity Zero funds with the comparable Vanguard funds and/or the correlated benchmarks. While past returns are no guarantee of future performance, if I am not mistaken, most if not all of the Fidelity Zero funds have lagged the Vanguard equivalents ...
by jhawktx
Sat Jan 09, 2021 12:44 pm
Forum: Personal Investments
Topic: Check my Zero ER Portfolio
Replies: 42
Views: 2761

Re: Check my Zero ER Portfolio

Those Fidelity Zero funds are ones I have been watching. They are relatively new. The last time I checked, even though the Fidelity funds have an ER of zero they had a smaller total return than the equivalent (non-zero ER) Vanguard funds. The time period so far for comparison is short but I wouldn't...
by jhawktx
Sat Jan 09, 2021 11:57 am
Forum: Investing - Theory, News & General
Topic: "Key Social Security changes you should know about in 2021"
Replies: 3
Views: 1172

Re: "Key Social Security changes you should know about in 2021"

The full retirement age part of this article makes no sense to me. FRA is based on your birth year, not the current year.
by jhawktx
Sat Jan 09, 2021 11:46 am
Forum: Personal Consumer Issues
Topic: Is there a forum for people with first world problems.
Replies: 77
Views: 3761

Re: Is there a forum for people with first world problems.

Basically, 98% of the threads on this board are first world problems.
by jhawktx
Sat Jan 09, 2021 8:23 am
Forum: Investing - Theory, News & General
Topic: Value and Momentum and Investment Anomalies
Replies: 6
Views: 628

Re: Value and Momentum and Investment Anomalies

I can't believe the guy who wrote The Incredible Shrinking Alpha is posting on alpha architect.com. I also can't believe people are still posting his articles here. OMG, there are groupies on here that follow his every word. I keep waiting for the almighty one to write a book claiming SCV is alive ...
by jhawktx
Fri Jan 08, 2021 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: Quirk in the transition away from spousal benefits?
Replies: 10
Views: 1062

Re: Quirk in the transition away from spousal benefits?

Well, yeah, at this point there is no need to look at it (for you) since you already know the actual amount.

For anyone else that used the estimator prior (like, say, 1-18 months prior) to starting receiving SS benefits, did the estimator turn out to be pretty accurate?