Search found 14462 matches

by David Jay
Fri Dec 29, 2023 11:48 am
Forum: Personal Investments
Topic: Moving from T Bills to longer term - is 6.5% too good to be true?
Replies: 10
Views: 2501

Re: Moving from T Bills to longer term - is 6.5% too good to be true?

hungry_seeker wrote: Fri Dec 29, 2023 11:12 amI was researching the Vanguard website for highest coupon treasury securities in secondary market…
That search will mislead you. You want to see Yield to Maturity (YTM). YTM will be more like 4.5% (quick guesstimate) than 6.5%.
by David Jay
Thu Dec 28, 2023 9:06 am
Forum: Personal Investments
Topic: The Myth of "Owning the Market"
Replies: 84
Views: 12592

Re: The Myth of "Owning the Market"

A financial planner once told me that I shouldn’t have more than 1-2% (can’t remember which) of my Net Worth (or stock valuation?) in any 1 stock. With the top 7 representing 30% of a fund, they definitely aren't following that guidance. I suspect the planner was talking about discrete stock holdings. Market Index funds are different because they are agnostic about the constituent parts within the index. Humility suggests that individuals should also be agnostic about the makeup of market index funds, particularly Total Market funds. If one takes the position that the weighting of Total Market funds is "wrong", then logically one is taking the position that one knows better than the market how to allocate funds. This seldom ends ...
by David Jay
Thu Dec 28, 2023 8:57 am
Forum: Personal Investments
Topic: Backdoor Roth interest - Rollover to Solo401k?
Replies: 6
Views: 650

Re: Backdoor Roth interest - Rollover to Solo401k?

Agree with others, just perform a Roth conversion today. There is no limit on the quantity or dollar size of Roth conversions.
by David Jay
Thu Dec 28, 2023 8:53 am
Forum: Personal Investments
Topic: Conversion to ROTH IRA value shows Zero
Replies: 9
Views: 811

Re: Conversion to ROTH IRA value shows Zero

What does it show this morning?
by David Jay
Thu Dec 28, 2023 8:28 am
Forum: Personal Finance (Not Investing)
Topic: Should I sell all ESOP shares in 401(k)?
Replies: 9
Views: 1123

Re: Should I sell all ESOP shares in 401(k)?

Alan S is one of our subject experts, check out NUA.

(My company was not publicly listed)
by David Jay
Thu Dec 28, 2023 8:14 am
Forum: Personal Finance (Not Investing)
Topic: Should I and how to confront a boss who may be undermining my efforts at work?
Replies: 19
Views: 2299

Re: Should I and how to confront a boss who may be undermining my efforts at work?

jabberwockOG wrote: Thu Dec 28, 2023 8:10 am Ask for a one on one meeting in the next 10 days. Ask your manager how they think you are doing, and what if anything you could work on to improve your performance, and ability to move your career forward in the department/company. Pay careful attention to what the manager says and how they say it. If you get a professional, open, sincere, honest, and supportive assessment than rumors are likely false.

If you get anything else you will now know the situation. Time to look for a new job.

Don't confront, that is usually counterproductive. And be aware that HR in most companies is 95% there to protect and support management and the management hierarchy, not base level employees.
This.

Do not confront. It almost never works.
by David Jay
Wed Dec 27, 2023 10:58 pm
Forum: Personal Investments
Topic: Did I save too much in tax-deferred?
Replies: 44
Views: 7790

Re: Did I save too much in tax-deferred?

I would at least convert to the top of the 24% bracket in 2023, 2024 and 2025 as the current (lower) tax rates are scheduled to sunset for 2026.
by David Jay
Wed Dec 27, 2023 8:15 pm
Forum: Investing - Theory, News & General
Topic: What happened to VINIX Vanguard Institutional Index Fund Institutional Shares today??
Replies: 23
Views: 2665

Re: why is VINIX down 1.41% today?

Year end distribution. It will show up again tomorrow, either in settlement (if you are not re-investing dividends) or as more shares of VINIX.
by David Jay
Wed Dec 27, 2023 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: Prepaying Medicare Premiums through medicare.gov
Replies: 18
Views: 2548

Re: Prepaying Medicare Premiums through medicare.gov

Interesting, my billing comes from Medicare every 3 months for... 3 months due
by David Jay
Wed Dec 27, 2023 7:02 pm
Forum: Personal Investments
Topic: VSMGX
Replies: 13
Views: 1542

Re: VSMGX

Sounds like a distribution - every component of LifeStrategy Moderate was up today.
by David Jay
Wed Dec 27, 2023 5:30 pm
Forum: Personal Investments
Topic: Raymond Janes Roth IRA
Replies: 23
Views: 2071

Re: Raymond Janes Roth IRA

Based on your list from 2020:
Growth Fnd of America Class A American Funds AGTHX 25K Expense Ratio .63%
New Perspective Fnds Class A American Funds ANWPX 9K Expense Ratio .75%
New World Fund Class A American Funds NEWFX 15k Expense Ratio .98%

Her Roth IRA just recently maxed ~15K
Fundamental Investors Fund Class A American Fnds ANCFX 9K Expense Ratio .61%
New World Fund Class A American Funds NEWFX 6K Expense Ratio .98%
Anything over about 0.2% is pretty high by BH standards, your ER is almost quadruple, guesstimating at about 0.8%
by David Jay
Wed Dec 27, 2023 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: Prepaying Medicare Premiums through medicare.gov
Replies: 18
Views: 2548

Re: Prepaying Medicare Premiums through medicare.gov

When paying by credit card, the minimum payment amount is for 3 months. I have not investigated paying more, but I have seen threads saying that this is permissible. I pay every quarter with a 2% cash-back credit card (then reimburse myself from my HSA). I have 2 more years before I file for SS and Medicare gets deducted from my benefit each month. Interesting; I have paid by credit card for several months now and it's always been for 1 month at a time, and the site didn't give an explicit option or suggestion to pay more. Incidentally I just did a chat and Medicare says that having to pay 3mo at a time with a credit card is "not a thing" (their words, exactly.) But they said I can pay however much more that I want; of course may...
by David Jay
Wed Dec 27, 2023 3:10 pm
Forum: Personal Investments
Topic: Raymond Janes Roth IRA
Replies: 23
Views: 2071

Re: Raymond Janes Roth IRA

If you decide to move the accounts, always work with the brokerage firm that is receiving the assets. They have the incentive to make sure the transfer goes smoothly.
by David Jay
Wed Dec 27, 2023 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax 2023 desktop - license code activation issues
Replies: 22
Views: 7099

Re: TurboTax 2023 desktop - license code activation issues

Joe Public wrote: Wed Dec 27, 2023 2:44 pmWere you required to have an Intuit account to install it?
This is a new requirement for TT2023. I have used TT for at least a dozen years and never had an Intuit account.

It is the reason why 2023 is my first tax year using HRBlock.
by David Jay
Wed Dec 27, 2023 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: Prepaying Medicare Premiums through medicare.gov
Replies: 18
Views: 2548

Re: Prepaying Medicare Premiums through medicare.gov

When paying by credit card, the minimum payment amount is for 3 months. I have not investigated paying more, but I have seen threads saying that this is permissible.

I pay every quarter with a 2% cash-back credit card (then reimburse myself from my HSA). I have 2 more years before I file for SS and Medicare gets deducted from my benefit each month.
by David Jay
Wed Dec 27, 2023 2:58 pm
Forum: Personal Investments
Topic: What to do with old 401k
Replies: 10
Views: 899

Re: What to do with old 401k

There are 3 reasonable alternatives: 1. If your current employer allows roll-ins (you have to check the plan documents, typically the SPD) then you can roll the old assets into your current plan for simplicity. 2. You can leave it where it is. Every 401K requires a separate RMD in later retirement, so this would seem to be an argument for simplification. 3. You can roll it over into a personal traditional IRA. 1. I think they do, how does this actually work, will all the assets be liquidated and then re-invested into current employer 401k. Yes What are tax implications? None 2. When you say separate RMD does this imply it is easier to structure distributions to avoid taxes? Easier compliance (as one gets older, remembering to make RMD with...
by David Jay
Wed Dec 27, 2023 12:56 pm
Forum: Personal Investments
Topic: Planning 2024 IRA Contributions - Traditional or Backdoor Roth
Replies: 7
Views: 766

Re: Planning 2024 IRA Contributions - Traditional or Backdoor Roth

RandomGuyOnInternet wrote: Wed Dec 27, 2023 10:47 am...does anyone have experience making backdoor Roth contributions while also maintaining a traditional IRA with deductible contributions?
If you have significant pre-tax balances in IRA accounts then you most likely do not want to utilize the backdoor Roth process.
by David Jay
Wed Dec 27, 2023 12:07 pm
Forum: Personal Investments
Topic: What to do with old 401k
Replies: 10
Views: 899

Re: What to do with old 401k

There are 3 reasonable alternatives:

1. If your current employer allows roll-ins (you have to check the plan documents, typically the SPD) then you can roll the old assets into your current plan for simplicity.
2. You can leave it where it is. Every 401K requires a separate RMD in later retirement, so this would seem to be an argument for simplification.
3. You can roll it over into a personal traditional IRA.
by David Jay
Wed Dec 27, 2023 11:55 am
Forum: Personal Finance (Not Investing)
Topic: Should I sell all ESOP shares in 401(k)?
Replies: 9
Views: 1123

Re: Should I sell all ESOP shares in 401(k)?

I worked for an ESOP company for 31 years. I always took the earliest possible distribution from the ESOP because of double single-company risk: both my job and my portfolio were dependent on one company.

Not big on the “gut feeling” thing…
by David Jay
Wed Dec 27, 2023 11:48 am
Forum: Investing - Theory, News & General
Topic: What is Your Biggest "Good Problem to Have"? [Financial]
Replies: 97
Views: 13996

Re: What is Your Biggest "Good Problem to Have"?

Kosh976 wrote: Sun Dec 24, 2023 11:51 am Hangar rent is going up $18.85/mo on January 1st.
Darn, I don’t currently have that problem :(
by David Jay
Tue Dec 26, 2023 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: Rollover IRA considered Traditional IRA?
Replies: 7
Views: 884

Re: Rollover IRA considered Traditional IRA?

A Rollover IRA is just a form of traditional IRA. The name simply identifies the source of the contributions (I.e. rolled over from another plan), which is why you are unable to find anything special about rollover IRAs in IRS literature.
by David Jay
Tue Dec 26, 2023 8:02 pm
Forum: Personal Investments
Topic: The Myth of "Owning the Market"
Replies: 84
Views: 12592

Re: The Myth of "Owning the Market"

watchnerd wrote: Tue Dec 26, 2023 7:43 pm
David Jay wrote: Tue Dec 26, 2023 7:31 pm As Nate suggests, the Market is the Market. Even if you don’t approve of the allocation the participants have collectively chosen.
Yes.

But the S&P 500 isn't the whole market. ;)
The OP mentioned VTSAX, which is a pretty good representation of the US Market.
by David Jay
Tue Dec 26, 2023 7:31 pm
Forum: Personal Investments
Topic: The Myth of "Owning the Market"
Replies: 84
Views: 12592

Re: The Myth of "Owning the Market"

As Nate suggests, the Market is the Market. Even if you don’t approve of the allocation the participants have collectively chosen.
by David Jay
Tue Dec 26, 2023 8:40 am
Forum: Investing - Theory, News & General
Topic: Do people want annuities, but can't find them?
Replies: 85
Views: 11681

Re: Do people want annuities, but can't find them?

nisiprius wrote: Thu Dec 14, 2023 7:32 amThe number of utterly different products that are all called "annuities" doesn't help.
Tru dat.
by David Jay
Tue Dec 26, 2023 8:29 am
Forum: Personal Investments
Topic: Bridge options - can’t do SPIA
Replies: 29
Views: 3541

Re: Bridge options - can’t do SPIA

17outs wrote: Mon Dec 25, 2023 11:34 pmI like the idea of inflation protection, but they return lower rates than the annuity.
This statement suggests that you don’t fully understand TIPS, because there is no way to know in advance the nominal return on TIPS and there is no way to know in advance the real return on an annuity. One can’t actually compare the return of the two without knowing future inflation.
by David Jay
Tue Dec 26, 2023 8:16 am
Forum: Personal Finance (Not Investing)
Topic: SS delayed retirement credit question
Replies: 6
Views: 940

Re: SS delayed retirement credit question

The Social Security Administration consistently does not calculate or display DRCs in the year they are earned. If one files for benefits mid-year (but before age 70) one does not receive the DRCs from the year of filing until the following January, with no makeup for the lost amount. [edit, conflicting information on this strikeout]

Wait a week, then look at the numbers in your online account.
by David Jay
Tue Dec 26, 2023 8:11 am
Forum: Personal Investments
Topic: Wash sale question
Replies: 23
Views: 1317

Re: Wash sale question

The easiest permanent solution (because there are no tax consequences inside a 403b) is for your spouse to switch to an SP 500 fund. Plot total market alongside the SP500 and you will see there are only minuscule differences in performance.
by David Jay
Mon Dec 25, 2023 8:07 pm
Forum: Personal Investments
Topic: Greedy/Stupid [Retiree Asset Allocation]
Replies: 46
Views: 9225

Re: Greedy/Stupid [Retiree Asset Allocation]

I would suggest that you should not go to 70/30 until you have been through a 40% market drop with no paycheck. It is a different feeling when there is no income coming in.
by David Jay
Mon Dec 25, 2023 8:13 am
Forum: Personal Investments
Topic: Asset allocation advice
Replies: 3
Views: 659

Re: Asset allocation advice

Welcome to the forum! Such an allocation is very common at your age. The only real limitation on stock allocation at your stage of life is your ability to “stay the course” during a 40% downturn. You will likely face at least 5-6 40% market downturns in your investing lifetime and selling when the market is down is more deadly to performance than holding a lower stock percentage. This makes asset allocation intensely personal. Asset allocation is a negotiation between your head and your gut. Your head logically says: "Higher stock percentage will likely result in a better outcome over my investing lifetime". But when the market drops your gut yells "GET ME OUT OF HERE!". It is called the "Fight or Flight" respo...
by David Jay
Sun Dec 24, 2023 10:37 pm
Forum: Personal Investments
Topic: Help with Universal Life Insurance Advice
Replies: 7
Views: 892

Re: Help with Universal Life Insurance Advice

I don’t think anyone can give reasonable answers to your questions without an “in-force illustration” that shows exactly how your policy performs.
by David Jay
Sun Dec 24, 2023 10:06 pm
Forum: Personal Investments
Topic: IRA contribution scenarios
Replies: 1
Views: 423

Re: IRA contribution scenarios

Just do the backdoor Roth process.

There is no significant downside, even if you end up with an income low enough to be eligible for direct Roth contributions. This is because the $7000 limit ($8000 if over age 50) is the maximum for all IRA accounts combined - traditional and Roth IRA accounts.
by David Jay
Sun Dec 24, 2023 7:43 pm
Forum: Personal Investments
Topic: RSSB vs NTSX. More leverage for the same collateral?
Replies: 33
Views: 6086

Re: RSSB vs NTSX. More leverage for the same collateral?

Welcome to your first thread!

More return is inexorably tied to more risk. There is no free lunch. Sometimes the risk is obvious, other times it doesn’t show up until the worst possible moment.
by David Jay
Sun Dec 24, 2023 7:54 am
Forum: Personal Finance (Not Investing)
Topic: SS Claiming Question
Replies: 8
Views: 1786

Re: SS Claiming Question

Navillus1968 wrote: Sat Dec 23, 2023 10:54 pmI also have no idea why survivor benefits are treated differently than spousal benefits in terms of stopping the lower benefit vs adding on to the lower worker's benefit to equal the deceased worker's benefit.
The likely reason is that the spousal benefit formula, claimed on-or-after recipient’s FRA, requires the PIA of both spouses [1/2 spouse’s PIA - personal PIA] and is added to the personal benefit of the receiving spouse if the personal benefit is less than PIA due to early filing.

Since it is calculated as an “adder”, it is implemented as an adder.
by David Jay
Sun Dec 24, 2023 7:34 am
Forum: Personal Investments
Topic: I am stuck with Fidelity Zero in brokage account with over 1.2M and 50% gain.
Replies: 76
Views: 14382

Re: I am stuck with Fidelity Zero in brokage account with over 1.2M and 50% gain.

Kendall wrote: Sun Dec 24, 2023 4:18 am Be sure to turn off automatic reinvestment of dividends on your FZROX shares. Use that money to slowly build a position in transferable ETFs or mutual funds.
I would go a step beyond this. I would consider selling some of recently acquired shares (typically from re-invested dividends) that have only small capital gains.
by David Jay
Fri Dec 22, 2023 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: Timing of Selling Funds in a Trad IRA that will be Converted to Roth
Replies: 2
Views: 313

Re: Timing of Selling Funds in a Trad IRA that will be Converted to Roth

It literally makes no difference. In either location one is free to exchange funds without any tax consequence.

You may also perform the Roth Conversion "in-kind" which will move the very same funds directly from tIRA to Roth. You typically cannot with-hold taxes with an in-kind conversion, so if you intend to withhold taxes you will need to have the withholding amount in your settlement account.
by David Jay
Thu Dec 21, 2023 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: Looking at Social Security bridge
Replies: 13
Views: 2101

Re: Looking at Social Security bridge

Completely reasonable. My withdrawal rates for my 7 year bridge starts at 7% and will end up at about 12% of portfolio as I spend down some of the capital.

After filing at age 69 all regular expenses are covered by SS benefits, withdrawals are only needed for “lumpy” expenses. An adequate portfolio remains to replace the loss of income when the first spouse passes.
by David Jay
Thu Dec 21, 2023 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: how much do you think you need to retire?
Replies: 304
Views: 63767

Re: how much do you think you need to retire?

Kaione wrote: Thu Dec 21, 2023 3:56 pm
David Jay wrote: Wed Dec 20, 2023 3:37 pm To retire @55: 33x expenses
To retire @60: 30x expenses
To retire @65: 25x expenses

If you can't project your expenses, you can't project your required portfolio balance.
How about @40?
40x is perpetual - any age.
by David Jay
Thu Dec 21, 2023 10:59 am
Forum: Investing - Theory, News & General
Topic: VTSAX vs VTI
Replies: 40
Views: 7144

Re: VTSAX vs VTI

sycamore wrote: Wed Dec 20, 2023 6:40 pm I agree with others who say it doesn't really matter when it comes to total return. Too many variables at play. E.g. maybe you buy VTI when it's trading at a 2 bps premium?
runvo8 wrote: Wed Dec 20, 2023 12:43 pm Taxable: VTSAX
Non-taxable: VTSAX
Side note: This caught my eye. Do you ever tax loss harvest? Will you ever want to tax loss harvest? It can be easier to TLH if you don't have the same security in both taxable and retirement accounts and thus less worry about a wash sale.
But of course VTSAX and VTI are the same security. Two share classes of the very same fund.
by David Jay
Thu Dec 21, 2023 8:26 am
Forum: Investing - Theory, News & General
Topic: Backdoor Roth Staging
Replies: 17
Views: 2065

Re: Backdoor Roth Staging

Always Roth convert everything, there are no limits on size or frequency of Roth conversions.

At Vanguard, I “exchange” funds (usually a MM fund, although I have done a stock fund) so the funds are available in my Roth for trade next day.
by David Jay
Thu Dec 21, 2023 8:18 am
Forum: Personal Finance (Not Investing)
Topic: how much do you think you need to retire?
Replies: 304
Views: 63767

Re: how much do you think you need to retire?

watchnerd wrote: Thu Dec 21, 2023 4:59 am $300-400k less than my wife thinks we need.

FWIW, I'm working, she's not.
:D
by David Jay
Thu Dec 21, 2023 8:17 am
Forum: Personal Finance (Not Investing)
Topic: how much do you think you need to retire?
Replies: 304
Views: 63767

Re: how much do you think you need to retire?

To retire @55: 33x expenses To retire @60: 30x expenses To retire @65: 25x expenses If you can't project your expenses, you can't project your required portfolio balance. How can one project ones expenses when medical expenses are a complete wildcard. Insurance costs, what is covered and what is not, drug copays, assisted living costs…how does one even go about estimating those? I’ve dealt closely with these issues for the last 5 years because of chronic conditions and I can tell you the run around between docs, insurance, and drug companies is one big circus. Often has third parties that you don’t even have access to doing billing work. If you are not in your full senses for any reason, who will dispute billing errors? And you’re not capp...
by David Jay
Wed Dec 20, 2023 6:56 pm
Forum: Personal Investments
Topic: Rate of Yield Change: Money Market Funds vs. CDs and Treasuries
Replies: 3
Views: 683

Re: Rate of Yield Change: Money Market Funds vs. CDs and Treasuries

Thanks David Jay. So it is that simple. The 5.3% or so yield on money market funds will hold steady until there is a change in the Fed Funds Rate, and then the yield will change very quickly. On the other hand, CD and Treasury rates yields have dropped lately in anticipation of an upcoming change in the Fed Funds Rate. Correct? Very simplified, but a reasonable framework for viewing what is happening. You can't "lock in" MM rates, the other products allow you to lock in rates for specified time periods. This is particularly valuable if you have specific times when you need funds. For instance, in November 2022 I purchased 1 year and 2 year treasuries because I needed two years living expenses before I filed for SS. The one year j...
by David Jay
Wed Dec 20, 2023 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: how much do you think you need to retire?
Replies: 304
Views: 63767

Re: how much do you think you need to retire?

To retire @55: 33x expenses
To retire @60: 30x expenses
To retire @65: 25x expenses

If you can't project your expenses, you can't project your required portfolio balance.
by David Jay
Wed Dec 20, 2023 3:28 pm
Forum: Personal Investments
Topic: Rate of Yield Change: Money Market Funds vs. CDs and Treasuries
Replies: 3
Views: 683

Re: Rate of Yield Change: Money Market Funds vs. CDs and Treasuries

Money Market funds vary "immediately" with changes in fed funds rate, so they will not change until fed policy changes.

CDs and Treasuries yield holds steady for the period of the product. So with CDs in particular, the issuer has to evaluate future risk (most are expecting 2-3 rate drops next year) so they move before the policy changes.
by David Jay
Tue Dec 19, 2023 2:58 pm
Forum: Personal Investments
Topic: Vanguard Brokerage (STOCKS)?
Replies: 4
Views: 642

Re: Vanguard Brokerage (STOCKS)?

Zero cost to purchase online.

For telephone orders, free if account balance (combined total for all accounts) is more than $1M, otherwise assisted trade is $25.

Link here (click on "Stocks" pulldown): https://investor.vanguard.com/client-be ... ommissions
by David Jay
Tue Dec 19, 2023 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity Balance Transfer to Checking Account Question
Replies: 15
Views: 2351

Re: Fidelity Balance Transfer to Checking Account Question

Carno wrote: Tue Dec 19, 2023 6:20 am
David Jay wrote: Mon Dec 18, 2023 9:10 pm I'm just trying to figure how you come out ahead after paying a 3.99% fee up front to borrow on your credit card interest free for 12 months...
I put the balance in a 12-month 5.50% CD.
And you earn $142 per every $10,000 borrowed.
by David Jay
Mon Dec 18, 2023 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity Balance Transfer to Checking Account Question
Replies: 15
Views: 2351

Re: Fidelity Balance Transfer to Checking Account Question

I'm just trying to figure how you come out ahead after paying a 3.99% fee up front to borrow on your credit card interest free for 12 months...
by David Jay
Mon Dec 18, 2023 10:36 am
Forum: Investing - Theory, News & General
Topic: Roth IRA and tax theory
Replies: 18
Views: 2730

Re: Roth IRA and tax theory

teacher wrote: Mon Dec 18, 2023 10:26 am Roth funds become taxable when they are inherited and reinvested in a taxable fund. The only way beneficiaries can avoid taxation of inherited ROTH funds, assuming there is no sales tax, is to spend them.
Or purchase Municipal Bonds. Or purchase I-Bonds. Or hold them in cash.

Which is to say, Roth funds don't become taxable just because they are inherited.
by David Jay
Mon Dec 18, 2023 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Decision about Term Life Policy
Replies: 12
Views: 1595

Re: Decision about Term Life Policy

By "renew", do you mean pay another year's premium (policy has 8 years remaining)?
by David Jay
Mon Dec 18, 2023 9:35 am
Forum: Personal Investments
Topic: Mom has additional 0% tax space - Exceed RMD to fill 0% space?
Replies: 39
Views: 4979

Re: Mom has additional 0% tax space - Exceed RMD to fill 0% space?

I have a series of posts on the topic of Roth Conversions after the start of SS here (the head post has links to previous threads): viewtopic.php?t=407808

One of the serendipitous benefits is that having a pool of Roth assets allows one to spend whenever one has a need without having to do any tax planning or bracket calculations. If I precede my spouse, here are the instructions I leave for her:

Each year:
1. Take your RMD as a QCD
2. Roth Convert to the top of the 0% bracket
3. Do any spending (above SS) from your Roth account.

That’s it.