Bogleheads.org

swimirvine

This is just a reminder that the next Baltimore/Southern PA Bogleheads meeting will be on Sunday July 21st at 1pm at Tark's Grill at Greenspring Station. Please let me know if you can attend so I can get a head count and either increase or decrease the number on our reservation. Please also let me k...

swimirvine

The next Baltimore/Southern PA Bogleheads meeting will be on Sunday April 14th at 1pm at Tark's Grill at Greenspring Station. If you are interested in attending please join the Baltimore Bogleheads e-mail list by sending me an e-mail at BaltimoreBogleheads@gmail.com David Grabiner will be giving a p...

swimirvine

My family will benefit for generations because of Jack.

Thank you Jack Bogle.

swimirvine

This is just a reminder that the next Baltimore/Southern PA Bogleheads meeting will be on Sunday October 21st at 2pm at Tark's Grill at Greenspring Station. Please note the date change from 10/14 to 10/21 Please note the time change from 1pm to 2pm Please let me know if you can attend so I can final...

swimirvine

This is just a reminder that the next Baltimore/Southern PA Bogleheads meeting will be on Sunday October 29th at 1pm at Tark's Grill at Greenspring Station. The topic will be: Bogleheads National Conference Recap Please let me know if you can attend so I can finalize the number on the reservation. -...

swimirvine

This is just a reminder that the next Baltimore/Southern PA Bogleheads meeting will be on Sunday July 23rd at 1pm at Tark's Grill at Greenspring Station.

Please let me know if you can attend so I can finalize the number on the reservation.

- Thanks!

swimirvine

swimirvine

This is just a reminder that the next Baltimore/Southern PA Bogleheads meeting will be on Sunday April 23rd at 1pm at Tark's Grill at Greenspring Station.

Please let me know if you can attend so I can finalize the number on the reservation.

- Thanks!

swimirvine

swimirvine

I'm not sure I would take the RMD at the beginning of the year. I have an inherited traditional IRA. I do take the RMD at the beginning of the year and use it to go out to dinner. I don't want to pay much in the way of taxes on this account, so I don't need it to grow tax-deferred all that much. It...

swimirvine

One thing to take into account: The inherited Roth IRA can be invested in REITs, Bonds, SCV, etc. My taxable brokerage is limited to Total Stock Market and Total International. but if I were to invest the inherited Roth IRA entirely in TSM and TISM and then re-balance across my other accounts, the ...

swimirvine

Suppose you take the RMD and invest it in your taxable account in the same investment that it was invested in the IRA? I think an inherited Roth IRA fits into a portfolio anywhere it wants to. One thing to take into account: The inherited Roth IRA can be invested in REITs, Bonds, SCV, etc. My taxab...

swimirvine

Should an inherited Roth IRA be treated separately from the rest of my portfolio since I'm taking RMDs? I imagine if the RMDs are begin to bring the balance down over time while the rest of the portfolio continues to increase in value because of growth and contributions, it would trigger re-balancin...

swimirvine

I would do all 529s first before taxable investing. Assuming your kids are on track to go to college. 529 1. possible state tax deduction 2. acts like Roth IRA when the money is taken out for qualified educational expenses Taxable Investing 1. Even with very tax efficient investing (using only Total...

swimirvine

LOCATION CHANGE I just called to confirm the reservation at Tark's grill and was told that the "just went under new ownership last week and won't be opening for brunch for a few more weeks." This means the restaurant is closed at 1:00pm this weekend but should be available for our next mee...

swimirvine

This is just a reminder that the next Baltimore/Southern PA Bogleheads meeting will be on Sunday October 16th at 1pm at Tark's Grill at Greenspring Station. Please let me know if you can attend so I can finalize the number on the reservation. For a discussion topic we will be doing a recap of the re...

swimirvine

https://www.bogleheads.org/wiki/Using_a ... _portfolio

My spreadsheet design is on the page. If you have trouble downloading it, PM me and I can e-mail you a copy.

swimirvine

My mom is currently in a skilled nursing facility and on Medi-Cal (California Medicaid). In California IRAs don't count as an asset so she qualifies. Her co-payment to the nursing facility is equal to her Pension, Social Security and RMD from her IRA each month (minus $35 which they let her keep for...

swimirvine

replace all of the Fidelity Freedom funds with Fidelity Freedom Index Funds!

that will make a huge difference. Everything else would be for slicers and dicers.

swimirvine

Up until just recently, I tried to accomplish much of my budgeting/planning using Google Sheets (after all, it's "free"). A recent 2-day internet outage at my home has cured me of that notion, and I am contemplating a switch to the free Libre Office, or the paid Microsoft Office. Just be ...

swimirvine

You might also consider talking to your parents about gifting money to you at the maximum allowed by the IRS each year. I think it's $14k.

swimirvine

When my small private practice group set up our new profit sharing 401(k), I fought to have a provision added where we could do an in-service rollover each year. I'm able to put the standard $18k into a Roth 401(k) at Vanguard and then $35k into a profit sharing 401(k) at Fidelity (non-prototype acc...

swimirvine

Is this what you're looking for?

https://www.bogleheads.org/wiki/Using_a ... _portfolio

https://docs.google.com/spreadsheets/d/ ... 5Jdx4/copy

swimirvine

thank you for all of the responses. We've had extensive discussions with her regarding her wishes and quality of life. We've arranged for family members to get together and visit at the end of the year during the week between Christmas and New Year's after which she will choose to have care withdraw...

swimirvine

celia wrote: Q for you: Why do you have a username that implies a school in Irvine, but a logo for Stanford. I stare at your posts in confusion sometimes. Just curious.

I have lived in both locaitons

swimirvine

my brother and I are in a much higher tax bracket than my mom (35%/39.6%) so our RMDs from an inherited IRA would be taxed at this rate. by splitting the conversion $150,000/$150,000 the logic is to keep it in the 28% tax bracket Are you all residents of the same state? If you and/or your brother r...

swimirvine

my brother and I are in a much higher tax bracket than my mom (35%/39.6%) so our RMDs from an inherited IRA would be taxed at this rate.

by splitting the conversion $150,000/$150,000 the logic is to keep it in the 28% tax bracket

swimirvine

It's my mom's IRA. marital status=single. She is interested in doing the conversion because of health issues and wants my brother and I to inherit Roth IRAs and not IRAs. She has the cash to pay the taxes but wants to minimize the tax burden if possible. spreading it out more than 2016 and 2017 prob...

swimirvine

for a $300,000+ IRA, would it make sense to convert $150,000 to a Roth in 2016 and $150,000 in 2017 to lower the tax burden?

it's the only IRA and all money is "pre-tax" from a 401(k) rollover.

other income:
$24k social security
$12k pension
$10k RMDs from the IRA

swimirvine

Thanks David, I forgot to update the thread as well...

The meeting will be on Sunday July 10th at 1pm at Tark's Grill at Greenspring Station.

Please let me know if you can attend so I can finalize the number on the reservation.

The topic will be International Stocks and Bonds.

Thanks!

swimirvine

swimirvine

Finally time for our next meeting! The meeting will be on Sunday May 22nd at 1pm at Tark's Grill at Greenspring Station. Please let me know if you can attend so I can finalize the number on the reservation. The topic will still be dollar cost averaging. Also, as there are several new members on the ...

swimirvine

We're going to have to postpone the Baltimore Bogleheads meeting. The D.C. chapter is meeting this Sunday because their location was unavailable last month and several of our members try to attend both meetings. Let's shoot for Sunday, May 22nd at Tark's Grill in Greenspring Station. The topic will ...

swimirvine

Does anyone have a recommendation for an Elder Law Attorney in Orange County, CA?

Thanks!

swimirvine

My mom recently had an accident and will no longer be able to live independently. She will need to go to a board and care or some other long term care facility. Her only assets are an IRA at Vanguard (low 6 figures), cash in checking and savings accounts (mid 5 figures), a mobile home (~$30k) and a ...

swimirvine

I think it might depend on how prepared you are for you kid going to college and if your kid get's a "work-study job." If you have been putting a significant amount of money in a 529 for many years and are no longer doing this but actually using the money to pay for college it might actual...

swimirvine

2231.04

swimirvine

HAPPY NEW YEAR! I hope everyone had a great holiday season. This is just a reminder that the next Baltimore/Southern PA Bogleheads meeting will be on Sunday January 10th at 1pm at Tark's Grill at Greenspring Station. Please let me know if you can attend so I can finalize the number on the reservatio...

swimirvine

Baltimore Bogleheads next meeting Sunday January 10th @1pm at Tark's Grill @ Greenspring station. Our suggested topic "Giving your portfolio an annual checkup" Here's a link to a forum discussion on the topic: https://www.bogleheads.org/forum/viewtopic.php?f=1&t=154722&p=2320207#p2...

swimirvine

Thanks! I'm glad you found it useful.

swimirvine

With all due respect to WCI/EmergDoc, I think calling a fully taxed Roth conversion Mega Backdoor Roth will confuse people. There is no backdoor-ness. Anyone with pre-tax money in an IRA can convert as much as they want to Roth at any time. As more plans add in-plan Roth rollovers, soon people with...

swimirvine

I should also mention that we're maxing out a 403b and a 457b at $18,000 each so we will have access to money in Roth, Pre-tax and taxable accounts when we retire. Hopefully it is your wife that is contributing to 403b and not you as I do not think the rules permit a person to max out employee sala...

swimirvine

I should also mention that we're maxing out a 403b and a 457b at $18,000 each so we will have access to money in Roth, Pre-tax and taxable accounts when we retire. Hopefully it is your wife that is contributing to 403b and not you as I do not think the rules permit a person to max out employee sala...

swimirvine

The additional money I'm paying in taxes now would have gone into my taxable brokerage account and earned a lower return over the next 25 years because of the tax drag. I don't understand this part - it was profit sharing which is an employer contribution. I guess you are saying you would have take...

swimirvine

EDIT 2: Was the 34.5k distribution with pretax or after tax money? If pretax then you may have outsmarted yourself and may have to pay taxes on that money. You can only megabackdoor with after tax 401k money. EDIT 3: Did you put the 34.5k into a regular IRA or a roth IRA? Typically when people spea...

swimirvine

I'm sorry to say what you did is not a true Mega Backdoor Roth as commonly understood. You sacrificed pre-tax profit sharing money for Roth, which many can easily do by converting their pre-tax IRAs. Your $34,500 distribution is taxable, and at a high rate if you are able to do that much in profit ...

swimirvine

It's been a long time in the works, but as of today I have successfully maneuvered through a Mega Backdoor Roth IRA conversion. I first read about Mega Backdoor Roth IRAs a few years ago. In late 2013, my partners and I decided to change our retirement plan from a defined benefit plan to a profit sh...

swimirvine

We had a great meeting on Sunday! Thanks for everyone who showed up even though the lunch took place during the Raven's game.

David Grabiner [Grabiner] gave a great talk on taxes.

Our next lunch meeting will be on Sunday, January 10th, 2016 at 1pm at Tark's Grill @ Greenspring Station.

Thanks!

swimirvine

Final Reminder! The next Baltimore/Southern PA Bogleheads meeting will be on Sunday October 11th at 1pm at Tark's Grill at Greenspring Station. We will be discussing taxes on investments. We will have a formal presentation by David Grabiner (Grabiner). E-mail me at baltimorebogleheads@gmail.com if y...

swimirvine

I had a good experience with Term4sale. got a lower price than what was quoted.

look into making an annual payment instead of monthly payments. you can save a little money.

swimirvine

This is just a reminder that the next Baltimore/Southern PA Bogleheads meeting will be on Sunday October 11th at 1pm at Tark's Grill at Greenspring Station. Please let me know if you can attend so I can finalize the number on the reservation. We will be discussing taxes on investments. We will have ...

swimirvine

Areas immediately to the South and East of campus can get sketchy in places ... To the West is a little nicer including the Rotunda shopping center (with a movie theater) and the Baltimore Zoo. Immediately North of campus are some of the most expensive homes in Baltimore but not much else. Just neig...

swimirvine

Thanks for all the knowledge. I especially appreciate the polite way you correct people (me included) when they post something that isn't entirely correct.

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