Recent content by fritz

You have to answer the "(What's your Liquid Assets)", and "(What's your Net Worth)", for all accounts or it won't proceed. You are also asked what is your goal with your investments. These are Brokerage boilerplate type requirements according to Vanguard. I chose the first (lowest...

I'm in the process of converting our retirement and joint accounts now. I posted my reason for converting our accounts in post #39 (Vanguard provides SIPC insurance coverage only on Brokerage accounts). I had been considering doing it for a while, but am in the process of doing Roth...

This is the very last part of the email notice sent to my wife (full email text added below), asking her to transition her accounts to brokerage. It's down in the Legal notice. It was not in bold as is the rest of the email's Legal notice. An interesting bit of information. SIPC coverage is...

I always looked at it that if you didn't need the money - consider taking it early, but if you thought you might - consider waiting. We took at 62.

Went through the same thing with GEICO last renewal. Umbrella went up big time along with the car insurance (house with another company - best deal, go figure as we normally bundled them). Also contacted them, as the umbrella price increase was what I considered excessive (increase was +60%)...

I retired in September of 2009 at 58, when the start up company I was working for went under. Was pretty much ready to retire financially, so decided I'd had enough fun (although I did some very part-time consulting for the 2nd start up company that rose up out of the ashes of the 1st start up...

I wanted to follow up on this thread with some additional information I've gotten on the (2) Roth 5 year rules. I was mistakenly looking at the (2) 5 year rules as uniquely applied to the two different areas of Roth IRA accounts - contributions and earnings, and conversions and their earnings...

Everything you've re-stated here from your original post, I agreed with. When you stated the IRS didn't use qualified and non-qualified distribution terminology, I just referenced where I saw it (IRS) for the followers of this thread, and it was not meant to call you out on it. I've seen this...

I've seen these qualified/non-qualified Roth distributions references in other online articles. https://smartasset.com/retirement/roth-ira-qualified-distribution But you stated the IRS didn't use it, and I recalled seeing it on their website recently (the other link - post #130). Please...

I took the definitions from this info - https://www.irs.gov/retirement-plans/designated-roth-accounts-distributions

I believe you stated the same things I did (post #123), only I used more of the king's English to to say it.

I originally asked if the penalties and taxes SecondCor521 was referring to applied to those under 59.5. I went on to describe if not - why I then found the ordering rules to conflict with the 5 year rules. I thought the "separate" 5 year rules for Roth contributions and Roth conversions were...

Being subject to taxes and penalties on earnings withdrawals applies to when you're under the age of 59.5? If I understand your stated withdrawal order process (IRS) - The only thing available to someone doing yearly Roth conversions (after the 5 year timer is satisfied) is the initial...

On this thread there are also questions on the 5 year rule for conversions. I understand that the IRS sees Roth conversions as FIFO (first in - first out), and co-mingling of funds really isn't an issue (as they see it). But I plan on doing Roth conversions annually until it's all converted...

I don't mind telling you that I heard conflicting feedback, but no one was sure about the right answers. I can also tell you that the conflicting info came from sources that handle this specific scenario, but none had looked at it as I presented it (custodian paying taxes, replacing the taxes...