Search found 12634 matches

by celia
Sun Jun 13, 2021 8:01 pm
Forum: Personal Investments
Topic: Requesting suggestions for - HSA rollover and MegaBackdoor Roth 401k
Replies: 4
Views: 391

Re: Requesting suggestions for - HSA rollover and MegaBackdoor Roth 401k

I was never eligible for a HSA or Mega Backdoor Roth, so I might not be the best person to comment on this. So if my comments strike someone else as flawed or wrong, I hope they will correct me. I am not commenting directly on what the investment fund should be as I am focusing instead on helping th...
by celia
Sun Jun 13, 2021 2:15 am
Forum: Non-US Investing
Topic: Resetting cost basis?
Replies: 5
Views: 649

Re: Resetting cost basis?

Don't worry. When you die, the cost basis will reset to the current market value. Just mail the custodian a copy of your death certificate.
:oops:
by celia
Sat Jun 12, 2021 11:29 am
Forum: Personal Consumer Issues
Topic: Plumbing drain pipe “disconnect”
Replies: 20
Views: 1515

Re: Plumbing drain pipe “disconnect”

Our “offset” sewer line (2 clay pipes that had ends that hardly overlapped with each other) was due to our tree roots lifting up one of the pipes. You could also see the roots in the drain camera views. Since the line was running through the backyard parallel to and about 7 feet from the property li...
by celia
Fri Jun 11, 2021 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: Real estate agent reluctant to show offers to the seller prior to decision
Replies: 91
Views: 7994

Re: Real estate agent reluctant to show offers to the seller prior to decision

I recently sold a property in another state while I didn't live there. I never saw the buyer's name until we both had to sign the same closing escrow papers and I had to sign the deed. And if a celebrity doesn't want it known who is buying the house, why do you think they would trust a listing agen...
by celia
Fri Jun 11, 2021 7:17 am
Forum: Personal Investments
Topic: Actions needed for tax filing status change
Replies: 16
Views: 1270

Re: Actions needed for tax filing status change

OP, You've given us a lot of info but there are some areas where it is vague, as in what specific assets you have in each account. For example, you want 40% bonds but we don't know if they are currently in taxable, tax-deferred, or Roths. If you follow the recommended format in Asking Portfolio Ques...
by celia
Fri Jun 11, 2021 6:34 am
Forum: Personal Finance (Not Investing)
Topic: Real estate agent reluctant to show offers to the seller prior to decision
Replies: 91
Views: 7994

Re: Real estate agent reluctant to show offers to the seller prior to decision

Your agent would not be permitted to enter into a contract on your behalf to not disclose the name to you unless you explicitly granted that authority. And if they aren't an attorney, that's getting dangerously close to the unauthorized practice of law. I recently sold a property in another state w...
by celia
Fri Jun 11, 2021 6:11 am
Forum: Personal Consumer Issues
Topic: Income req’d to afford pricey private school tuition?
Replies: 18
Views: 1621

Re: Income req’d to afford pricey private school tuition?

You don't have to have any specific income. For example, maybe your parents will pay or you have a 529 that can be used. We continued paying for private (faith-based) schools when DH and I were both laid off since that was important to us. It was just part of our living expenses.
by celia
Thu Jun 10, 2021 11:01 pm
Forum: Personal Finance (Not Investing)
Topic: Real estate agent reluctant to show offers to the seller prior to decision
Replies: 91
Views: 7994

Re: Real estate agent reluctant to show offers to the seller prior to decision

We are selling some real estate. The location is fantastic and it's a hot market. Our real estate agent has received many offers within a week, all of them higher than the asking price. This is likely the key. All potential buyers were probably told all ‘x’ offers were over list price and Best and ...
by celia
Thu Jun 10, 2021 7:37 pm
Forum: Personal Consumer Issues
Topic: Elder care robotics
Replies: 34
Views: 2122

Re: Elder care robotics

Looks like the one that lifts people has the same power as those on assembly lines. So it can probably handle you. "Lifting" people is not just for lifting them up like they are a heavy package. If they are sick or elderly, they may be recovering from surgery and part of their body should...
by celia
Thu Jun 10, 2021 6:24 pm
Forum: Personal Consumer Issues
Topic: Elder care robotics
Replies: 34
Views: 2122

Re: Elder care robotics

Looks like when I’m 80, I’ll still be caring for family members. So I’ll need a caregiver robot who works with caregivers and can sympathize with me. Since falls are a major risk for seniors, I wouldn’t trust the above robot to lift me safely. I cringe to think what happens when we both fall down. P...
by celia
Thu Jun 10, 2021 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking Guidance: Should I take the new opportunity?
Replies: 23
Views: 1103

Re: Seeking Guidance: Should I take the new opportunity?

Based on what you shared, I would take the opportunity. The housing argument may be null if the company IPO's. Others can chime in on the chances of the RSU's become worthless but since your wife already work at this company, I think you have great insider info whether this company will succeed. I ...
by celia
Thu Jun 10, 2021 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: deleted [When you transfer fund from Fidelity to Robinhood, what is the document called?]
Replies: 10
Views: 1194

Re: What's that called? when you transfer fund from Fidelity to Robinhood, and you need a doc to explain transaction.

Did you fill out a form on Robinhood or Fidelity to: Transfer in-kind (transfer shares, not cash) Withdraw Rollover (IRA or retirement account of the same type) Many forms are specific to the type of account (IRA, trust, joint Taxable account, account held for an organization, donor-advised). Beside...
by celia
Thu Jun 10, 2021 11:58 am
Forum: Personal Finance (Not Investing)
Topic: Seeking Guidance: Should I take the new opportunity?
Replies: 23
Views: 1103

Re: Seeking Guidance: Should I take the new opportunity?

Here’s another way of looking at everything. If everything costs you twice as much in CA but your salary also doubles, you are still subject to federal (and state) income taxes which will put you in a higher federal tax bracket. And most people subject to CA income taxes are in the 9.3% tax bracket....
by celia
Thu Jun 10, 2021 11:03 am
Forum: Personal Finance (Not Investing)
Topic: Seeking Guidance: Should I take the new opportunity?
Replies: 23
Views: 1103

Re: Seeking Guidance: Should I take the new opportunity?

Seems to me getting your green card is the single most important thing you need to secure, so I personally would not make a move until you have the bird in hand. +1 although I don’t understand the green card issue you describe. If you can’t live here permanently all the rest is meaningless. You wil...
by celia
Thu Jun 10, 2021 10:42 am
Forum: Personal Consumer Issues
Topic: Allstate Dwelling Protection - Grossly Underestimated
Replies: 11
Views: 1285

Re: Allstate Dwelling Protection - Grossly Underestimated

This topic has been vexing me lately as insurance renewals are due soon. I got three quotes in addition to renewal premium for my current Allstate policy for an average 1994 home in a MCOL metro. Provider Coverage amount Per sqft coverage Premium ____________________________________________________...
by celia
Thu Jun 10, 2021 10:08 am
Forum: Personal Investments
Topic: Help Devising Ideal Roth Conversion Schedule
Replies: 14
Views: 1430

Re: Help Devising Ideal Roth Conversion Schedule

With a 3.75% mortgage rate on your primary home, consider a no-cost refinancing to lower the rate. Check rates at Better.com and other lenders mentioned in recent posts in the BH Mega Refinance thread. Good advice; I figured quicker pay down equated to no-cost rate decrease. And given the short hor...
by celia
Thu Jun 10, 2021 9:10 am
Forum: Personal Investments
Topic: Help Devising Ideal Roth Conversion Schedule
Replies: 14
Views: 1430

Re: Help Devising Ideal Roth Conversion Schedule

This is all good advice. Celia, I am pleasantly surprised by the last (bolded) item. This seems like a new position for you. If i recall correctly, you used to advocate converting ALL tIRA to Roth. I intentionally did not address the Roth conversions, since I don’t think OP is ready to retire and w...
by celia
Thu Jun 10, 2021 1:41 am
Forum: Personal Investments
Topic: Help Devising Ideal Roth Conversion Schedule
Replies: 14
Views: 1430

Re: Help Devising Ideal Roth Conversion Schedule

I need ammo to convince DW to lay down the plow. Now. What are her objections to the plan listed in the first post above? If they are not addressed, the plan won’t “fly”. Emergency funds: have 4 mos on hand; but feel like a HELOC could serve the same purpose without dedicating funds to cash. You sh...
by celia
Wed Jun 09, 2021 9:33 pm
Forum: Personal Finance (Not Investing)
Topic: How massive of Roth conversions, given lopsided holdings post-retirement?
Replies: 63
Views: 4760

Re: How massive of Roth conversions, given lopsided holdings post-retirement?

Sounds like you are on the right track and doing the right calculations. Have you considered leaving some of your tax-deferred assets to charities? Are you prepared to make huge Roth conversions if the market drops 20, 30 or 40%? In other words, spread your conversions out to be more towards the end...
by celia
Wed Jun 09, 2021 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: Fin. Advisor sold without asking?
Replies: 12
Views: 1908

Re: Fin. Advisor sold without asking?

I'm pretty sure it is standard practice for the RMD to be removed before assets are transferred into Inherited IRAs, since the beneficiaries could then move the accounts right away to another custodian (like we did). The new custodian would have no idea if an RMD was already taken or how much it sho...
by celia
Wed Jun 09, 2021 6:36 pm
Forum: Personal Investments
Topic: Grim Question [taking more than RMD?]
Replies: 12
Views: 2193

Re: Grim Question

Do Roth conversions rather than RMDs. I'm confused. Are you suggesting that a person can choose to Roth convert instead of taking an RMD? Hopefully you're talking about Roth conversions prior to age 72 to reduce the eventual RMDs. In "early retirement" you are probably under age 72. You m...
by celia
Wed Jun 09, 2021 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: Will California out-of-network physicians accept private pay from a Kaiser member?
Replies: 16
Views: 1349

Re: Will California out-of-network physicians accept private pay from a Kaiser member?

Why not put the whole family in the PPO plan you want? I assume the Kaiser research study doesn’t cost you anything since you are providing data TO THEM. In the worst case, could the research patient have dual coverage, PPO and Kaiser? To me this is like a Vet who is eligible for VA medical services...
by celia
Wed Jun 09, 2021 3:38 pm
Forum: Investing - Theory, News & General
Topic: Super Wealthy: Never Sell = No Capital Gains Strategy?
Replies: 41
Views: 3321

Re: Never Sell = No Capital Gains Strategy?

OP, I’m not sure you’re talking about tax-deferred accounts or not, but these comments refer to tax-deferred: In theory it could work: Say you have $2,000,000 with a withdrawal rate of 3% or $60,000. RMDs start with just under a 4% withdrawal rate and INCREASE each year until you die. Instead of sel...
by celia
Wed Jun 09, 2021 10:54 am
Forum: Investing - Theory, News & General
Topic: Optimal withdrawal strategy: tax-deferred vs taxable
Replies: 19
Views: 2199

Re: Optimal withdrawal strategy: tax-deferred vs taxable

Most likely you should wait until age 70 for SS to give you more space for Roth conversion. Take your living expenses from tax-deferred then convert to the top of the 22 or 24% tax bracket. (Converting to the top of 12% won’t do anything to bring down the tax-deferred balance since it would grow mor...
by celia
Wed Jun 09, 2021 10:17 am
Forum: Personal Consumer Issues
Topic: Change in 2FA at Vanguard??
Replies: 10
Views: 1342

Re: Change in 2FA at Vanguard??

Have you tried rebooting your computer? Sometimes unexplained things get reset that way.
by celia
Tue Jun 08, 2021 9:02 pm
Forum: Personal Investments
Topic: Moving funds from an inherited IRA to a Roth IRA
Replies: 15
Views: 1401

Re: Moving funds from an inherited IRA to a Roth IRA

Another option: you can use some of the withdrawals to pay taxes on Roth conversions if either of you have tax-deferred accounts that can be (partly) converted. This sounds like a good time for you to pump up the Roths with more stock funds. By the time you retire, you will be glad you have so much ...
by celia
Tue Jun 08, 2021 8:43 pm
Forum: Investing - Theory, News & General
Topic: Borrowing against portfolio
Replies: 9
Views: 866

Re: Borrowing against portfolio

I’m guessing that someone who is a major shareholder of a company also wouldn’t want to sell it if it requires SEC filings or loss of voting power. Then loans against what they own might make more sense, even if it costs them more than the stock sale would make. I read that to prepare for their divo...
by celia
Tue Jun 08, 2021 7:28 pm
Forum: Personal Investments
Topic: Moving funds from an inherited IRA to a Roth IRA
Replies: 15
Views: 1401

Re: Moving funds from an inherited IRA to a Roth IRA

I'm 51 and plan to retire in 15-20 years. I have $52k in an inherited IRA. It was set up in 2018 so I have most of my life to drain it, no five or ten year time limit, The RMD for this year is about $1,600. I have about $100k in other retirement savings right now. Are you aware that the percentage ...
by celia
Tue Jun 08, 2021 3:04 pm
Forum: Personal Investments
Topic: Calculating the magic number
Replies: 9
Views: 1724

Re: Calculating the magic number

Excuse me while I ask about "farm income" which many/most?? of us do not know much about. Is this a farm where you live and is there a mortgage or other debt on it? Do you have employees that need to be paid? Can bad storms wipe out crops or is there insurance for that? Do you plan to sell...
by celia
Tue Jun 08, 2021 3:40 am
Forum: Personal Finance (Not Investing)
Topic: Donating money to various non-profit charity organizations - Interviewing them
Replies: 17
Views: 1184

Re: Donating money to various non-profit charity organizations - Interviewing them

A few years ago, I took an online Coursera class about evaluating, comparing, and finding the best charities that meet your donation goals. An important way for a charity to demonstrate if they are meeting their goals or not is to collect metrics, such as how many meals they served, how many books w...
by celia
Mon Jun 07, 2021 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: Which house to buy if you like them both?
Replies: 26
Views: 2135

Re: Which house to buy if you like them both?

It looks like the $1.5M house has an offer already. This is how we would buy a house. We would start with a brainstorming session to write down: * what the house & location MUST HAVE * what the house & location WOULD BE NICE TO HAVE * what the house & location MUST NOT HAVE Location mean...
by celia
Mon Jun 07, 2021 8:58 pm
Forum: Personal Investments
Topic: Having my Will/Trust prepared - looking for tips with Trust - ex fido accounts need to be owned by trust..
Replies: 24
Views: 1366

Re: Having my Will/Trust prepared - looking for tips with Trust - ex fido accounts need to be owned by trust..

I hope you're seeing a lawyer who SPECIALIZES in estate planning. I was originally going to do a Will (Arizona - simple me + wife - then kids (2) get 50/50) Then I found out that if I want my kid's kids to get anything - I need a Trust - otherwise one kid gets all of it should the other croak. My La...
by celia
Mon Jun 07, 2021 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: Underestimated IRMAA
Replies: 53
Views: 5510

When does paying IRMAA make sense?

I'm changing the focus a little by thinking while I type about when paying IRMAA makes sense and you know about it far in advance. Here are some cases: 1. You have HUGE income coming in every year, such from a wealthy family trust. 2. You plan to give all your tax-deferred accounts to charity, so wh...
by celia
Mon Jun 07, 2021 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: Underestimated IRMAA
Replies: 53
Views: 5510

Re: Underestimated IRMAA

Isn't paying IRMAA analogous to receiving less subsidy on ACA if income gets too high? It's not similar to me since if you weren't using the ACA (eg., had employer insurance), you would be paying the higher tax anyway. I would say it's more like paying higher car registration fees because you bough...
by celia
Mon Jun 07, 2021 5:52 pm
Forum: Personal Investments
Topic: Buying Stock on Dividend Paid Date
Replies: 6
Views: 526

Re: Buying Stock on Dividend Paid Date

The shares purchased that day would be small compared to number of existing shares. Suppose you owned 300 shares of "x". When dividends are reinvested, you probably only get 2.1 more shares. A more interesting question that just occurred to me is: Would it be advantageous to buy shares on ...
by celia
Mon Jun 07, 2021 5:37 pm
Forum: Personal Finance (Not Investing)
Topic: Funding the Living Trust - Transfer on death or trust account?
Replies: 38
Views: 2119

Re: Living Trust & Step-up

Thanks for the reply Celia. I didn't know that separate assets of survivor doesn't get step up in the basis. First I'll explain "step-up" for anyone who doesn't know. Basically, when you sell an asset, you get a gain or loss by subtracting the cost basis (what you paid) from the selling p...
by celia
Mon Jun 07, 2021 12:14 pm
Forum: Personal Consumer Issues
Topic: Shower Water Filter
Replies: 24
Views: 1769

Re: Shower Water Filter

Yes, new house on city water. PEX piping with a tankless water heater. I am now curious to test our chlorine level. The bottled water comparison is a good one, but not practicable. I don't think the bottled water suggestion was meant as a permanent solution. I think it makes sense to get some bottl...
by celia
Mon Jun 07, 2021 11:57 am
Forum: Personal Finance (Not Investing)
Topic: My mom asked me for help planning her will: who to leave her house to
Replies: 45
Views: 4261

Re: My mom asked me for help planning her will: who to leave her house to

I hear you on the next step, that is on my to do list. I am trying to figure a good time to travel there and do all this. I've asked her to make an appointment I will work around it. You don't have to travel there to make progress. You can call up the recorder of deeds to ask how you can get a copy...
by celia
Sun Jun 06, 2021 5:17 pm
Forum: Personal Investments
Topic: Roth Conversion in 22% Tax Bracket
Replies: 45
Views: 3066

Re: Roth Conversion in 22% Tax Bracket

I read that I should leave all the bonds in the tax deferred accounts and not in the Roth accounts. Correct, that's because you should make your portfolio as tax-efficient as is possible, depending on your Taxable vs Tax-deferred vs Roth account sizes relative to each other: Stock funds go in Roth ...
by celia
Sun Jun 06, 2021 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: My mom asked me for help planning her will: who to leave her house to
Replies: 45
Views: 4261

Re: My mom asked me for help planning her will: who to leave her house to

The big thing that hasn't been brought up yet is how the property is currently titled. (You can probably google the county recorder to search for the title.) If your mom is the first to die and the property is titled "...with right of survivorship", she has already agreed that the survivor...
by celia
Sun Jun 06, 2021 4:19 pm
Forum: Personal Investments
Topic: Splitting an Inheritance
Replies: 31
Views: 3798

Re: Splitting an Inheritance

If your dad held any individual bonds, unless there is an even number of the exact same things (value, interest rate, and date of maturity), they should be sold before the split. DH and his siblings inherited a Ginnie Mae bond that was split and none of them can sell it as only whole bonds can be so...
by celia
Sun Jun 06, 2021 3:34 pm
Forum: Personal Investments
Topic: Roth Conversion in 22% Tax Bracket
Replies: 45
Views: 3066

Re: Roth Conversion in 22% Tax Bracket

Current Allocation (71% Stocks / 29% Bonds) - Needs balancing to get to desired 65/35. Is there a reason you don't have 35% bonds now? Do you know the best place to put them? New Annual Contributions: $26k his 401(K) including $4600 employer matching contributions That's a good employer match, if I...
by celia
Sun Jun 06, 2021 3:56 am
Forum: Personal Investments
Topic: Splitting an Inheritance
Replies: 31
Views: 3798

Re: Splitting an Inheritance

Bro can always cash out the other two accounts to buy more of the account that he prefers. With stepped-up basis (as of today), he shouldn't have any tax consequences for selling the other two accounts. Step-up of basis isn't "as of today". The step-up is done as of date of father's death...
by celia
Sun Jun 06, 2021 1:47 am
Forum: Personal Finance (Not Investing)
Topic: Taking out a mortgage on a foreign investment property - under what circumstances interest deductible?
Replies: 8
Views: 655

Re: Taking out a mortgage on a foreign investment property - under what circumstances interest deductible?

Before I go talk to a CPA about it I'd like to get some perspectives on different strategies I could try, and if any of this is likely to work, so I can ask good questions when I do that. I don't understand this potential plan. Where do you think you would find a CPA who would know the answers with...
by celia
Sun Jun 06, 2021 1:09 am
Forum: Personal Finance (Not Investing)
Topic: Ethically, do I have a financial responsibility to help a sibling?
Replies: 15
Views: 3062

Re: Ethically, do I have a financial responsibility to help a sibling?

Usually, it is up to someone to ask for help, which he seems to have done on several occasions with your mom. But, someone in his condition may not be aware they need help or know who to ask. Even if they were able, they probably wouldn't take the help if there were "strings" attached. I w...
by celia
Sun Jun 06, 2021 12:30 am
Forum: Personal Consumer Issues
Topic: Shower Water Filter
Replies: 24
Views: 1769

Re: Shower Water Filter

If gray hair is creeping in, that will not be as controllable as her previous hair was. That happened to me and when I got my haircuts, that's what the stylists would say.

But putting conditioner on (like shampoo) at the end of the shower also helps.
by celia
Sun Jun 06, 2021 12:23 am
Forum: Personal Investments
Topic: PRIMECAP vs S&P500?
Replies: 37
Views: 3451

Re: PRIMECAP vs S&P500?

I used to own all the Primecap-managed Vanguard funds, but they weren't among the ones I chose to keep, so I guess that tells you what I'd do. I'll guess you owned the Primecap funds in a taxable account where they gave off a lot of dividends that increased your taxes. OP is thinking of holding the...
by celia
Sun Jun 06, 2021 12:17 am
Forum: Personal Finance (Not Investing)
Topic: rolling old 401k into IRA or new 401k
Replies: 13
Views: 903

Re: rolling old 401k into IRA or new 401k

Will your MAGI be over $125K (Single) or $198K(MFJ) in the next 5 years? That is the boundary where you can no longer contribute directly to a Roth IRA and would then want to contribute indirectly by doing a Backdoor Roth . If you roll into a traditional IRA, make it a Rollover IRA and don't contrib...
by celia
Sun Jun 06, 2021 12:02 am
Forum: Personal Investments
Topic: PRIMECAP vs S&P500?
Replies: 37
Views: 3451

Re: PRIMECAP vs S&P500?

50/50 However, a bigger issue could be how much of your portfolio is in taxable accounts, tax-deferred and Roths (percentage-wise)? I wouldn't want you to pump up your tax-deferred so much that you have a lot to convert during your early retirement years. Do you have access to a Roth 401K such that ...
by celia
Sat Jun 05, 2021 11:45 pm
Forum: Personal Investments
Topic: VBTLX maxed in Roth IRA [Vanguard Total Bond Market]
Replies: 49
Views: 4078

Re: VBTLX maxed in Roth IRA [Vanguard Total Bond Market]

I agree that the old Roth 401k should be moved to a new Roth IRA at Fidelity and you can invest it in whatever you want at the moment, but eventually you want that $57K in a stock fund. Understood. Action item: I will call Fidelity and tell them to move ~$93k from my old pre-tax 401k to FXNAX in ne...