Search found 12672 matches

by celia
Thu Jun 17, 2021 3:55 pm
Forum: Investing - Theory, News & General
Topic: Roth Conversions - McQuarrie study
Replies: 28
Views: 905

Re: Roth Conversions - McQuarrie study

Hello BHs, Have you seen this article ? https://www.marketwatch.com/story/to-roth-or-not-to-roth-11623431970 and the study, “When and for Whom Are Roth Conversions Most Beneficial?,” by Edward McQuarrie, a professor emeritus at the Leavey School of Business at Santa Clara University. https://poseid...
by celia
Thu Jun 17, 2021 1:51 pm
Forum: Personal Investments
Topic: How to Get my Relatives Out of Edward Jones
Replies: 78
Views: 5444

Re: How to Get my Relatives Out of Edward Jones

IF they lose $300,000 in their lifetime it sure is my business. How? No, it is not your business. You’ll probably be dead in 40 years when they retire and $300,000 will be insignificant after 40 years of inflation and their retirement accounts hold $30 million. Besides, they are young and need to m...
by celia
Thu Jun 17, 2021 10:47 am
Forum: Personal Finance (Not Investing)
Topic: Roth conversions plans via RPM -- help me compare
Replies: 25
Views: 1368

Re: Roth conversions plans via RPM -- help me compare

Your statement "As stated in other posts, for the purposes of using RPM, I have used my overall AA of 35/65 on every account in RPM. That won't be true in real life." tells me that your results are somewhat meaningless. A model is only as good as the input. The problem is that Retiree Por...
by celia
Thu Jun 17, 2021 3:11 am
Forum: Personal Finance (Not Investing)
Topic: How taxes figure into withdrawal rate
Replies: 14
Views: 1646

Re: How taxes figure into withdrawal rate

OP, I agree with Klang that you are asking the wrong question. I think you want a withdrawal/Roth conversion plan but it will depend on many variables, that are not even consistent from year to year. A big one is that you want to sell some real estate in some years, meaning you'll probably not want ...
by celia
Thu Jun 17, 2021 1:06 am
Forum: Personal Investments
Topic: Company sold
Replies: 19
Views: 1789

Re: Company sold

My initial thought for the money is to send around $600k to a Traditional IRA and leave the remaining $625 in the 401k. I would then annually convert a portion of the Traditional to our Roth. If I understand the Roth ladder correctly, after the deposits have seasoned for 5 years, we can withdrawal ...
by celia
Thu Jun 17, 2021 12:46 am
Forum: Personal Investments
Topic: Company sold
Replies: 19
Views: 1789

Re: Company sold

I am missing something here. How does having funds in a 401k make it easier to do a backdoor Roth? I though you could only do it from a IRA. Yes, a backdoor Roth starts in an IRA, but if you put this new payout in an IRA, the pro rata rule will apply when you do a backdoor Roth, so you wouldn't wan...
by celia
Wed Jun 16, 2021 11:57 pm
Forum: Investing - Theory, News & General
Topic: creating balanced portfolio with individual stock heavy taxable account
Replies: 14
Views: 1265

Re: creating balanced portfolio with individual stock heavy taxable account

Uhmmm... Where are her Roth accounts? Does she know that RMDs will be required in the year she turns 72? If her IRA holds $2.5M, her RMD will be about $100K. When that is withdrawn, she won't have to spend it but at least pay taxes on it. Now get this. The value of the IRA could easily double in 10 ...
by celia
Wed Jun 16, 2021 11:33 pm
Forum: Personal Finance (Not Investing)
Topic: Unexpected Home Purchase - Portfolio Impacts for Stock/Bond Ratio (also: Taxes!)
Replies: 9
Views: 881

Re: Unexpected Home Purchase - Portfolio Impacts for Stock/Bond Ratio (also: Taxes!)

You could always get a short-term loan, say against a 401K where you pay yourself back, from a credit union, if you're already a member, or a rich uncle. It doesn't have to be a "mortgage" per se. Pay it back next January after you have diverted some of this year's income to pay it off. Th...
by celia
Wed Jun 16, 2021 11:10 pm
Forum: Personal Investments
Topic: Recieved Unusual Dividend When Upgrading to new Vanguard Brokerage
Replies: 14
Views: 1106

Re: Recieved Unusual Dividend When Upgrading to new Vanguard Brokerage

Sorry, I wasn't accusing you of anything. I interpreted the earlier text as you thinking that: In the past, Vanguard clients got a 1099-DIV for the before account and a 1099-DiV for the after account , so next March be prepared for sets of 1099s from the accounts before rushing to file your 2021 inc...
by celia
Wed Jun 16, 2021 10:54 pm
Forum: Personal Finance (Not Investing)
Topic: Who is responsible for unsigned check
Replies: 16
Views: 1560

Re: Who is responsible for unsigned check

Could your granddaughter have taken the check to her bank and tried to get "cash" for it? That might be a problem. If she has an account with them, it is probably in her account now with a 2-3 day hold (for you to have a chance to report it stolen or whatever). Obviously, her bank passed t...
by celia
Wed Jun 16, 2021 10:44 pm
Forum: Personal Finance (Not Investing)
Topic: Unexpected Home Purchase - Portfolio Impacts for Stock/Bond Ratio (also: Taxes!)
Replies: 9
Views: 881

Re: Unexpected Home Purchase - Portfolio Impacts for Stock/Bond Ratio (also: Taxes!)

Could you sell what you need to in Taxable (for the least tax hit), and re-balance in tax-deferred and Roth to get back to your Asset Allocation?
by celia
Wed Jun 16, 2021 10:32 pm
Forum: Personal Investments
Topic: Recieved Unusual Dividend When Upgrading to new Vanguard Brokerage
Replies: 14
Views: 1106

Re: Recieved Unusual Dividend When Upgrading to new Vanguard Brokerage

I'll guess you got an accrued dividend. And dividend accrued since the account change and month-end will be the rest of the monthly dividend when it happens. In the past, Vanguard clients got a 1099-DIV for the before account and a 1099-DiV for the after account, so next March be prepared for sets ...
by celia
Wed Jun 16, 2021 10:27 pm
Forum: Investing - Theory, News & General
Topic: date set for Vanguard retiring its legacy brokerage platform
Replies: 17
Views: 3306

Re: date set for Vanguard retiring its legacy brokerage platform

Hmmm, I find this curious. We have over a dozen accounts, for various reasons, mainly because of moving inherited assets. We have a mix of mutual fund only accounts and the "upgraded" brokerage accounts on another platform. A year ago, you could just click on an "upgrade" symbol ...
by celia
Wed Jun 16, 2021 9:33 pm
Forum: Personal Investments
Topic: Gut check at 24 years old - not sure if I should feel this behind
Replies: 48
Views: 3518

Re: Gut check at 24 years old - not sure if I should feel this behind

Right now, it seems like you should focus on being the best CPA you can be, a very good goal. However, I wonder if you will keep looking at what you learn as how it applies to you . A year from now, you might be looking at how to be an entrepreneur, farmer, fisherman, author, landlord, investor, aud...
by celia
Wed Jun 16, 2021 6:02 pm
Forum: Personal Investments
Topic: Recieved Unusual Dividend When Upgrading to new Vanguard Brokerage
Replies: 14
Views: 1106

Re: Recieved Unusual Dividend When Upgrading to new Vanguard Brokerage

Both of those funds get monthly dividends near the end of the month. Were they just normal dividends or were the amounts drastically different than usual?
by celia
Wed Jun 16, 2021 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: Any Finance Advisors using Helios for estates and trusts ?
Replies: 4
Views: 404

Re: Any Finance Advisors using Helios for estates and trusts ?

I'm really interested in setting up a Trust, and the streamlined approach of Helios looks appealing: https://heliosdriven.com/hip/ However, Helios will only engage with clients through a Financial Advisor. I looked at this link. It looks like it is marketing to financial advisors, to train them and...
by celia
Wed Jun 16, 2021 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: Dad wants Wife to live in house left to me and sister after he passes
Replies: 79
Views: 8703

Re: Dad wants Wife to live in house left to me and sister after he passes

... I would also suggest that dad send a signed and notarized will to each child as wills left where one lives can mysteriously “disappear”. (There can be more than one “original”.) I’ve read that an original needs to be presented to the court. In that case, ALL of the signed copies must be present...
by celia
Wed Jun 16, 2021 4:13 pm
Forum: Personal Finance (Not Investing)
Topic: Pending changes in Estate Tax - Options
Replies: 10
Views: 674

Re: Pending changes in Estate Tax - Options

The proposals I've read are different than what you've read. Neither is likely to prevail in their current form. These are just ideas at this time, so we can't talk about it until /when /if they become law. Until then, it is just a waste of time. But if you want to be pro-active about it, you can co...
by celia
Wed Jun 16, 2021 2:26 pm
Forum: Personal Investments
Topic: Best Way To Speculate With $2,000?
Replies: 50
Views: 4629

Re: Best Way To Speculate With $2,000?

The fun of speculative investing is investing in something that is not fundamentally sound. If it were fundamentally sound, it wouldn’t be a speculation. +1 I was going to say that “fundamentally sound” and “speculative” are opposites. I’ve only gone to the horse races twice, as a social event with...
by celia
Wed Jun 16, 2021 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: Dad wants Wife to live in house left to me and sister after he passes
Replies: 79
Views: 8703

Re: Dad wants Wife to live in house left to me and sister after he passes

I would like to list other possibilities that haven’t been mentioned, as a lot of time has already been spent on just one possibility. After #0, these could be shared with dad to help him see the bigger picture in his estate planning. 0. Are you SURE your father owns the house all alone? It is possi...
by celia
Wed Jun 16, 2021 12:07 pm
Forum: Personal Investments
Topic: Working on Planning RMDs - Should I stop Contributing
Replies: 71
Views: 4573

Re: Working on Planning RMDs - Should I stop Contributing

Celia - I think these are all good ideas depending upon how the OP defines 'tax rate' in his original post. Did you also notice he is deferring large income amounts currently? I missed the 35% but since I do not see anything besides 401(k) or IRAs, I don’t think that is a 457 or anything like that....
by celia
Wed Jun 16, 2021 5:03 am
Forum: Personal Investments
Topic: Working on Planning RMDs - Should I stop Contributing
Replies: 71
Views: 4573

Re: Working on Planning RMDs - Should I stop Contributing

We did do a Roth conversion one year of modest size, but regardless of the ticking tax bomb, it was just too painful to convert at the 42%+ marginal rate. We will likely wish that we had done more in the future, but tight now we are covering our ears and singing “nah nadi nah nah I can’t hear you.”...
by celia
Wed Jun 16, 2021 4:35 am
Forum: Personal Investments
Topic: Working on Planning RMDs - Should I stop Contributing
Replies: 71
Views: 4573

Re: Working on Planning RMDs - Should I stop Contributing

I am 58 and plan to work until at least 65... Have you considered retiring a few years before that and use your employer’s medical insurance under the COBRA rules (where you pay the full premiums)? So, my question: Should I stop putting into tax deferred accounts now and put it all in taxable accou...
by celia
Wed Jun 16, 2021 1:07 am
Forum: Personal Investments
Topic: Advice for a recent widow
Replies: 46
Views: 3376

Re: Advice for a recent widow

I am down on Vanguard after twenty years with them. Customer service over a charitable donation of stock has been abysmal: seven and a half months, countless phone calls (on hold), emails, lack of communication on VG messages, and it's still not done. At Schwab it would have taken two days. There's...
by celia
Wed Jun 16, 2021 12:44 am
Forum: Personal Consumer Issues
Topic: Bathroom Remodel without Permit?
Replies: 61
Views: 6135

Re: Bathroom Remodel without Permit?

Has anyone done a bathroom remodel without pulling a permit? I'm not concerned about the price of the actual permit, rather the impact this will have on my property taxes. The main advantage of having a permit, is that there will be inspections to confirm the work is up to code. If something is wro...
by celia
Wed Jun 16, 2021 12:33 am
Forum: Personal Finance (Not Investing)
Topic: Roth conversion planning -- birds eye view questions
Replies: 38
Views: 3681

Re: Roth conversion planning -- birds eye view questions

OP, if you want a second opinion to RPM, you can check out my spreadsheet method for tracking how much to convert each year. To get a good picture of your situation, I suggest you read this thread and follow my links there. The first one will help you determine if you need to do Roth conversions. Th...
by celia
Wed Jun 16, 2021 12:11 am
Forum: Personal Finance (Not Investing)
Topic: Roth conversion planning -- birds eye view questions
Replies: 38
Views: 3681

Re: Roth conversion planning -- birds eye view questions

2) Tax Impact on final portfolio ... RPM does not account for this. I take the final PreTax portfolio numbers and apply multipliers ... something like Taxable(0.85) + tIRA(0.75) + Roth(1.0) = PostTax Total. Is there a source for this formula? I'm curious as I've actually seen it quoted by someone e...
by celia
Tue Jun 15, 2021 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: Roth conversion planning -- birds eye view questions
Replies: 38
Views: 3681

Re: Roth conversion planning -- birds eye view questions

I have set all my accounts to my desired overall portfolio AA of 35/65 for simplification,... I’d like to talk you out of this. First off, 65% of bonds makes for a super conservative portfolio, when you would want to have more growth than the inflation rate, and bonds in taxable means the interest ...
by celia
Tue Jun 15, 2021 4:57 pm
Forum: Personal Consumer Issues
Topic: Moving plants interstate
Replies: 9
Views: 740

Re: Moving plants interstate

Check with the department of Ag for all states your plants will be traveling though. Importation of pests affects economies. +1 And some states even have “banned” plants that are too aggressive and become fast-spreading weeds in certain climates. For example, here is a list for Miami-Dade County: h...
by celia
Tue Jun 15, 2021 2:48 pm
Forum: Personal Investments
Topic: Advice for a recent widow
Replies: 46
Views: 3376

Re: Advice for a recent widow

Income--$3550 a month from SS and a rental house on her property... House--worth 2.4 million, with a $750,000 mortgage, $4500 a month. Thinking about this some more, this seems inconsistent or you don’t have correct information. How can someone get a mortgage for $750K or more if their SS is only i...
by celia
Tue Jun 15, 2021 2:22 pm
Forum: Personal Investments
Topic: Advice for a recent widow
Replies: 46
Views: 3376

Re: Advice for a recent widow

Your friend will be able to file this year's taxes as "married." That means, for example, if she sells the house this year, she gets the $500k married tax exemption, not $250k single exemption. So, assuming there's been at least $500k in gains on the house, she'd save $37,000+ in taxes se...
by celia
Tue Jun 15, 2021 1:54 pm
Forum: Personal Investments
Topic: Advice for a recent widow
Replies: 46
Views: 3376

Re: Advice for a recent widow

TXJeff, Since California is a community property state, she gets a step-up in cost basis on the value of the house on the day her husband died. I have no idea how that is calculated. Given California's crazy real estate, it's conceivable the house will go up more than 250K in four years, but I doub...
by celia
Tue Jun 15, 2021 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Utilizing Life insurance as a tax mitigation
Replies: 38
Views: 2477

Re: Utilizing Life insurance as a tax mitigation

All I can think of is that the insurance payout could be used to pay the taxes instead of being used for living expenses. This could be “useful” to pay the taxes for each beneficiary of a tax-deferred account or if your estate was over $11.7 M when you died. Added: After reading Rex66’s reply, you c...
by celia
Tue Jun 15, 2021 12:39 pm
Forum: Personal Consumer Issues
Topic: Rx home delivery?
Replies: 62
Views: 2469

Re: Rx home delivery?

Before we started Medicare, we once used the mail service for meds for our employer’s plan. It was sort of nice to have automatic refills arrive on time without having to request refills. BUT it was not nice at all when you forgot to cancel a med you no longer take, but they think you are. We went o...
by celia
Tue Jun 15, 2021 3:18 am
Forum: Personal Investments
Topic: Dump my IRA
Replies: 23
Views: 2552

Re: Dump my IRA

I only plan to move the equity shares from the IRA to a taxable account, not sell any shares. Why does that mean i owe taxes on those shares i move? I have not sold anything, have gained no added income. I've only moved pieces of paper (so to speak). Once those shares are in the taxable account, th...
by celia
Mon Jun 14, 2021 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: Medical service provider asks for consent to pursue insurance company
Replies: 71
Views: 5204

Re: Medical service provider asks for consent to pursue insurance company

First, I would make all my phone calls to the insurance company and not call any doctor offices until they say to call the doctor office. Secondly, you need to know that most doctor services and even some services in the emergency room are not billed by the hospital. These private contractors do th...
by celia
Mon Jun 14, 2021 3:53 am
Forum: Personal Consumer Issues
Topic: Income req’d to afford pricey private school tuition?
Replies: 21
Views: 2271

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

The private schools for us would require parents to provided transportation via themselves, car pooling, Uber, or something else. That can be a big time-sucking task. We found dropping kids off at their schools fit right into our routine. Their private schools were just one main street over from th...
by celia
Mon Jun 14, 2021 1:07 am
Forum: Personal Investments
Topic: Requesting suggestions for - HSA rollover and MegaBackdoor Roth 401k
Replies: 11
Views: 1079

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

An HSA is not associated with an employer. Your employer may contribute to an HSA with a particular provider if you have a qualifying HDHP, but there is no later distinction between this HSA money and other HSA money. You can roll your employer's HSA into another HSA if you prefer another provider'...
by celia
Sun Jun 13, 2021 8:01 pm
Forum: Personal Investments
Topic: Requesting suggestions for - HSA rollover and MegaBackdoor Roth 401k
Replies: 11
Views: 1079

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: 832

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: 1538

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: 99
Views: 9660

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: 20
Views: 1668

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: 99
Views: 9660

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: 21
Views: 2271

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: 99
Views: 9660

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: 2153

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: 2153

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: 1113

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: 1212

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...