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Re: Is the step up in basis still valid

I've searched the internet and still can't find anything that resembles what my friend said. I didn't think to ask him at the time, but maybe he was thinking of Pres Obama's State of the Union 2015 address. There he indicated his interest in eliminating the step up in basis. Maybe.

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by 1210sda
Fri Apr 17, 2015 6:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is the step up in basis still valid
Replies: 4
Views: 297

Is the step up in basis still valid

Is the step up in basis at death still valid? Some one suggested to me quite recently that the step up had been eliminated under the Bush administration, but that it wasn't being enforced. In other words, the step up is no longer legal, but it is still being allowed or overlooked. This is contrary t...
by 1210sda
Fri Apr 17, 2015 5:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is the step up in basis still valid
Replies: 4
Views: 297

Re: WSJ: You may need less than 80% in retirement

My retirement spending equals 100% of my pre-retirement spending. Several reasons. My kids graduated from college before I retired. I paid off my mortgage before I retired. So there was not a reduction for these after I retired. The only major changes for me were that I no longer have to save for re...
by 1210sda
Tue Apr 14, 2015 5:32 pm
 
Forum: Investing - Theory, News & General
Topic: WSJ: You may need less than 80% in retirement
Replies: 98
Views: 8859

Re: Talking to People About Retirement

I retired at age 59, but re-located right away. At the new destination, I was able to stay under the radar fairly easily.
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by 1210sda
Tue Apr 14, 2015 9:40 am
 
Forum: Personal Finance (Not Investing)
Topic: Talking to People About Retirement
Replies: 70
Views: 6276

401K: Rollover to new employer or to an IRA ??

My grandson is moving to a new company. He has a 401K at his current employer with around $50k. His new employer also has a 401K plan. What are the main things to consider in deciding whether to roll over (trustee to trustee) to his new employer or to open an IRA at Vanguard.?? Thanks in advance. 1210
by 1210sda
Thu Apr 02, 2015 8:03 am
 
Forum: Investing - Help with Personal Investments
Topic: 401K: Rollover to new employer or to an IRA ??
Replies: 3
Views: 239

Re: The Detriments of Rebalancing

In the past few years it has been rather difficult to get "out of balance" if one is using a Swedroe 5/25 rule of rebalancing bands and manually re-investing dividends and cap gains distributions. That is, it takes rather significant movements in market segments to push one's asset alloca...
by 1210sda
Thu Apr 02, 2015 7:57 am
 
Forum: Investing - Theory, News & General
Topic: The Detriments of Rebalancing
Replies: 67
Views: 5725

Re: News article: Vanguard Bets Big on Financial Advice

In the article, McNabb states that research shows an adviser can add 3% points to investment portfolios by providing discipline and by focusing on AA. Seems like a lot. I guess most BH's already have discipline and already focus on AA, so the return benefit to them/us might be minimal. Perhaps it is...
by 1210sda
Wed Apr 01, 2015 5:23 pm
 
Forum: Investing - Theory, News & General
Topic: News article: Vanguard Bets Big on Financial Advice
Replies: 24
Views: 3104

Re: Retirement calculation lies? [Geometric vs. arithmetic m

Oicuryy wrote:{=GEOMEAN(1+ B66:B70)-1}

Ron


Ron when I tried this, I got the answer...... #VALUE!

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by 1210sda
Sun Mar 29, 2015 6:01 pm
 
Forum: Investing - Theory, News & General
Topic: Retirement calculation lies? [Geometric vs. arithmetic mean]
Replies: 44
Views: 4229

Re: Geometric mean (Retirement calculation lies?)

And: Sequence 2 (from toto238's post **) : 10%, -20%, 37%, 12%, -6% Use Excel's geomean: =GEOMEAN(10%,-20%,37%,12%,-6%) gives an error. It doesn't handle the negatives. When I use geomean in excel, I add 1(100%) to each entry and then subtract 1(100%)from the answer. For example, 110%,80%,137%,112%...
by 1210sda
Sun Mar 29, 2015 1:12 pm
 
Forum: Investing - Theory, News & General
Topic: Retirement calculation lies? [Geometric vs. arithmetic mean]
Replies: 44
Views: 4229

Re: Retirement calculation lies?

In the Bogleheads Guide to Retirement, the Starting Early section states, “Eric Early starts investing at age 25 and invests $4000 each year in a Roth IRA until age 35 and then invests nothing. At 8 percent interest his $40,000 grows to more than $629,000 by age 65.” I must have a different edition...
by 1210sda
Sat Mar 28, 2015 11:59 am
 
Forum: Investing - Theory, News & General
Topic: Retirement calculation lies? [Geometric vs. arithmetic mean]
Replies: 44
Views: 4229

Removing an asset from a living trust: Taxable event ??

I have a revocable living trust. If I decide to remove an asset from the trust, is this a taxable event, or just merely a name or ownership change??

It wouldn't seem to be a taxable event, but not sure. Any one with experience on this??

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by 1210sda
Tue Mar 24, 2015 4:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Removing an asset from a living trust: Taxable event ??
Replies: 12
Views: 1071

Re: External Hard Drive?

2. Flash Drives: Flash drives are about .50 a GB on sale (IE 16GB flash drive can be found for $8). The flash drives are not nearly as stable as the regular ext. hard drives. I've gone through 5 flash drives in two years, but I have the same external hard drives that I bought 3 and 5 years ago (plu...
by 1210sda
Sun Mar 22, 2015 1:27 pm
 
Forum: Personal Consumer Issues
Topic: External Hard Drive?
Replies: 44
Views: 2365

Re: Observations from a first time poster, long time reader.

Grt2bOutdoors wrote: I would expect your total return has been much higher than 0.5% annually. :)


Isn't this 5%, not 0.5% ??

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by 1210sda
Wed Mar 18, 2015 10:12 am
 
Forum: Investing - Theory, News & General
Topic: [New Member Observations- Covered Calls, Financial Advisors]
Replies: 227
Views: 16889

Re: Is Tax-Managed Balanced Fund Passive?

Is the Tax Managed balanced fund a passive investment?? 1210: No. This is a quote from the fund Prospectus: Primary Investment Strategies The Fund invests approximately 50% to 55% of its assets in municipal securities and the balance in common stocks. The fixed income portion of the Fund is concent...
by 1210sda
Sat Mar 14, 2015 10:11 am
 
Forum: Investing - Theory, News & General
Topic: Improving the Lifestrategy Funds
Replies: 63
Views: 5334

Re: Improving the Lifestrategy Funds

If only could do muni bonds for taxable accounts. Hi LA: This request comes up frequently. The reason that Vanguard has only one balanced fund that includes muni bonds (the tax-managed balanced fund) is that regulations require that a mutual fund hold at least 50% of fund assets in muni securities ...
by 1210sda
Fri Mar 13, 2015 2:04 pm
 
Forum: Investing - Theory, News & General
Topic: Improving the Lifestrategy Funds
Replies: 63
Views: 5334

Re: Do you really need 2.5 million to retire well?

I went to the Legg Mason website and found the following: "The U.S. portion of the Legg Mason Global Investment Survey was conducted among 458 affluent investors with a minimum of $200,000 in investable assets not including their home." " Average age: 58; Average Savings in Retirement...
by 1210sda
Thu Mar 12, 2015 7:49 am
 
Forum: Investing - Help with Personal Investments
Topic: Do you really need 2.5 million to retire well?
Replies: 121
Views: 12955

Re: If 2% is real, we are . . . . ?

I ran some numbers this morning on an expected 2% return on investments . Basically if a person is looking to live off of the classic 70% of their pay and plans on saving for 30 years for their retirement, at what percentage of their wages should they save? I calculated based on a SWR of 2% and 3% ...
by 1210sda
Wed Mar 11, 2015 11:03 am
 
Forum: Investing - Theory, News & General
Topic: If 2% is real, we are . . . . ?
Replies: 63
Views: 6303

Re: Bernstein: 2% investment returns over next 20 years

Am I the only one that would be ecstatic with real returns of 2% over the next 20 years? Ecstatic seems a strong word... but I'd certainly be OK if stocks returned 4% over the next 20 since I pull less than 4%. As such my money would never run out :sharebeer Beware sequence of returns How much of a...
by 1210sda
Tue Mar 10, 2015 8:06 am
 
Forum: Investing - Theory, News & General
Topic: Bernstein: 2% investment returns over next 20 years
Replies: 216
Views: 23199

Re: physicians [Frustrated, considering early retirement]

This topic is thought provoking for me as a patient.

On the one hand, it concerns me in regards to my relationship with my doctor. What is he thinking? What stresses does he have? How does that affect the care I receive?

On the other hand, I now have greater sympathy for him.

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by 1210sda
Thu Feb 26, 2015 11:27 am
 
Forum: Personal Finance (Not Investing)
Topic: physicians [Frustrated, considering early retirement]
Replies: 132
Views: 9565

Re: Foreign Stocks in Taxable - Gotcha w/ foreign tax credit

Does Turbo Tax deal with this issue correctly?

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by 1210sda
Wed Feb 25, 2015 5:31 pm
 
Forum: Investing - Theory, News & General
Topic: Foreign Stocks in Taxable - Gotcha w/ foreign tax credit
Replies: 58
Views: 7387

Re: The challenges of staying the course...

Thanks We have also gone back to our 2013 returns and calculated all contributions for 2014 and appears our 2014 performance is 8.42%, not the 2.8% that began my whining. LOL...:-D this sounds like the Beardstown Ladies in reverse. How did you discover the mistake. That's quite a difference. 1210
by 1210sda
Mon Feb 23, 2015 5:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: The challenges of staying the course...
Replies: 66
Views: 5419

Re: Please Help Me Explain an Equity Index Annuity to a Rela

... I too have been at a "free" dinner where they pitched equity index annuities. ... If you go to the free dinner seminar, and you're the one who buys the annuity, the living trust, the timeshare, or the bridge, not only did you pay for your free dinner, but you paid for the free dinners...
by 1210sda
Sun Feb 22, 2015 12:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Please Help Me Explain an Equity Index Annuity to a Relative
Replies: 31
Views: 1788

Re: Please Help Me Explain an Equity Index Annuity to a Rela

To OP: here's a data point for your friend about how equity index annuities work. My mom, an unsophisticated and trusting soul, was sold a deferred equity index annuity (at age 77) after attending one of those "free financial planning information for seniors" presentations many years ago....
by 1210sda
Sun Feb 22, 2015 11:32 am
 
Forum: Personal Finance (Not Investing)
Topic: Please Help Me Explain an Equity Index Annuity to a Relative
Replies: 31
Views: 1788

Re: Problems with Internet Explorer

yes, last night had a big problem with IE. Got windows pop up stating "Internet Explorer has stopped working. A problem caused the program to stop working correctly. Windows will close the program......". This was stuck in a loop. Couldn't fix or connect back to the internet. Anyway, I ev...
by 1210sda
Sat Feb 21, 2015 11:27 am
 
Forum: Personal Consumer Issues
Topic: Problems with Internet Explorer
Replies: 24
Views: 1678

Problems with Internet Explorer

I've had it with IE. I have just switched to Chrome. But I was wondering if anyone else has been having issues with IE recently??
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by 1210sda
Sat Feb 21, 2015 10:42 am
 
Forum: Personal Consumer Issues
Topic: Problems with Internet Explorer
Replies: 24
Views: 1678

Re: Please Help Me Explain an Equity Index Annuity to a Rela

What is the purpose of this annuity (in the mind of this relative)? Certainly you can find a better way to achieve whatever goal he is trying to reach.... Who knows. He just went to his friendly personal banker recently complaining about the low CD rates and he was referred to the "investment ...
by 1210sda
Fri Feb 20, 2015 8:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Please Help Me Explain an Equity Index Annuity to a Relative
Replies: 31
Views: 1788

Re: Please Help Me Explain an Equity Index Annuity to a Rela

You're mostly correct with your analysis. That 3.2% that you calculated would get applied to the account value at the time that the return was calculated, and a credit to the policy would show up for the amount. Those credits are paid on some kind of modal basis (quarterly, semi-annually, annually)...
by 1210sda
Fri Feb 20, 2015 6:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Please Help Me Explain an Equity Index Annuity to a Relative
Replies: 31
Views: 1788

Please Help Me Explain an Equity Index Annuity to a Relative

I'm trying to explain how and Equity Index Annuity (now called Fixed Index Annuity) to a relative who is on the verge of buying one. I know a bit about them, but I'm sure there are some details that I'm missing. Here's what I know: (or think I do) 1. They track an equity index typically the SP 500 (...
by 1210sda
Fri Feb 20, 2015 2:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Please Help Me Explain an Equity Index Annuity to a Relative
Replies: 31
Views: 1788

Re: Dave Ramsey Lashes Out at His Financial Critics

– few, if any of us, has the intestinal fortitude to stick to a 100% stock allocation without panic selling. If many of Dave's followers are "unsophisticated" as another poster said earlier, they would be the first to abandon the strategy. I guess in a vacuum you could say his views about...
by 1210sda
Wed Feb 18, 2015 9:18 pm
 
Forum: Investing - Theory, News & General
Topic: Dave Ramsey Lashes Out at His Financial Critics
Replies: 89
Views: 10035

Re: Dave Ramsey Lashes Out at His Financial Critics

There is some truth to what he says. I've heard him say there is nothing wrong with paying a commission. In some cases that could be a true statement if you get what you pay for . But, for instance, if you are paying a front end load when you can get an equivalent investment with no load, most know...
by 1210sda
Wed Feb 18, 2015 6:41 pm
 
Forum: Investing - Theory, News & General
Topic: Dave Ramsey Lashes Out at His Financial Critics
Replies: 89
Views: 10035

Re: Dave Ramsey Lashes Out at His Financial Critics

People here are giving him too much credit for telling people to get out of debt. Isn't that advice rather obvious? This guy is a con man. He lies to his audience about returns and then steals from them by recommending loaded funds and then taking a cut. Add to that arrogant and childish, calling p...
by 1210sda
Wed Feb 18, 2015 8:54 am
 
Forum: Investing - Theory, News & General
Topic: Dave Ramsey Lashes Out at His Financial Critics
Replies: 89
Views: 10035

Re: active vs passive in response to Larry Swedroe posting

This assumes that you can pick out a Tweedy Brown in advance of a big decline. It's easy to see it was the "best" choice when viewed in hindsight. How many actively managed funds would have done even worse? Yup, totally agree! In addition, the passive (index)fund should going forward matc...
by 1210sda
Sun Feb 15, 2015 1:54 pm
 
Forum: Investing - Theory, News & General
Topic: active vs passive in response to Larry Swedroe posting
Replies: 30
Views: 3460

Re: SIGN PETITION FOR Jack Bogle's Presidential Medal of Fre

OMG.....we have 330 and need 99,670 more signatures by four weeks from tomorrow !! It'll take over 3,500 signatures per day to do this. We need all BH's to sign right away.

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by 1210sda
Thu Feb 12, 2015 11:48 am
 
Forum: Local Chapters and Bogleheads Community
Topic: SIGN PETITION FOR Jack Bogle's Presidential Medal of Freedom
Replies: 182
Views: 11904

Re: About to stop using DFA/Dropping Advisor

There is nothing wrong with DFA funds, but there is plenty wrong with the way advisors sell them. They are over-hyped and over-sold as a cure-all for portfolio management. Nothing could be further from the truth. There is risk, and there is return, PERIOD! Rick Ferri I believe that a 1% advisor fee...
by 1210sda
Tue Feb 10, 2015 9:49 am
 
Forum: Investing - Help with Personal Investments
Topic: About to stop using DFA/Dropping Advisor
Replies: 29
Views: 3981

Re: When 60/40 just isn't appropriate

There are a lot of different ways to read the tea leaves on this, but here's some data (with all the standard caveats) on the range of 100% to 0% total stock and total bond, from just before the '08 crash to today. While we normally think about the percent maximum drawdown as indicating pain, look ...
by 1210sda
Sun Feb 08, 2015 2:06 pm
 
Forum: Investing - Theory, News & General
Topic: When 60/40 just isn't appropriate
Replies: 127
Views: 13674

Re: Vanguard survey: what should they do differently?

LifeStrategy and/or Target Date funds with municipal bonds. This cannot happen for most allocations because of IRS rules; if a fund is not more than 50% invested in tax-exempt securities, all of its gains are taxable. This is why Tax-Managed Balanced is 49% stock, rather than the 60% which is commo...
by 1210sda
Thu Feb 05, 2015 12:22 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard survey: what should they do differently?
Replies: 72
Views: 4380

Re: Vanguard survey: what should they do differently?

columbia wrote:LifeStrategy and/or Target Date funds with municipal bonds.


Agree plus admiral status.

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by 1210sda
Wed Feb 04, 2015 8:39 am
 
Forum: Investing - Theory, News & General
Topic: Vanguard survey: what should they do differently?
Replies: 72
Views: 4380

Auto and HO ins "Agency Fee" ????

After going through all the gyrations to get a competitive quote from an independent insurance agent, I got an "Oh by the way there's the agency fee also". Is this standard? Do they ever waive it? I'm feeling a bit of a betrayal, but if "everybody" does it, perhaps I'm being too ...
by 1210sda
Thu Jan 29, 2015 7:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Auto and HO ins "Agency Fee" ????
Replies: 2
Views: 328

Re: What about this withdrawl strategy?

I'm wondering if you have read about some other methods. Here is one: https://www.kitces.com/blog/managing-sequence-of-return-risk-with-bucket-strategies-vs-a-total-return-rebalancing-approach/ which is related to: https://www.kitces.com/blog/are-retirement-bucket-strategies-an-asset-allocation-mir...
by 1210sda
Sat Jan 24, 2015 1:35 pm
 
Forum: Investing - Theory, News & General
Topic: What about this withdrawl strategy?
Replies: 23
Views: 2239

Re: Likelihood of Admiral shares for the Target Retirement F

While it is suboptimal it is hardly a "bad mistake" compared to truly bad mistakes many people make with their finances (e.g. high advisor fees, high expense ratio funds, etc.). If the worst "mistake" you make in your investing career is using target retirement/lifecycle funds i...
by 1210sda
Thu Jan 22, 2015 2:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: Likelihood of Admiral shares for the Target Retirement Funds
Replies: 20
Views: 2311

Re: Likelihood of Admiral shares for the Target Retirement F

While it is suboptimal it is hardly a "bad mistake" compared to truly bad mistakes many people make with their finances (e.g. high advisor fees, high expense ratio funds, etc.). If the worst "mistake" you make in your investing career is using target retirement/lifecycle funds i...
by 1210sda
Thu Jan 22, 2015 1:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Likelihood of Admiral shares for the Target Retirement Funds
Replies: 20
Views: 2311

Re: "When you've won the game, stop playing"

The 42-point-ahead person is a special case, which I define as someone who will survive all but a generalized societal meltdown: someone with a burn rate of *much* less than 2%--ie, who can live on stock dividends, even if those decline by 50% (which is what happend for a while during the Great Dep...
by 1210sda
Wed Jan 21, 2015 11:57 am
 
Forum: Investing - Theory, News & General
Topic: "When you've won the game, stop playing"
Replies: 83
Views: 8813

Re: "When you've won the game, stop playing"

This piece was not aimed at the early retiree, who has to worry about inflation a whole lot more, nor the person who can survive on a 1.5% burn rate ("42 points ahead with 2 minutes left.") Dr. Bill, What is the approach for this individual? Does the AA matter that much for this retiree? ...
by 1210sda
Wed Jan 21, 2015 8:42 am
 
Forum: Investing - Theory, News & General
Topic: "When you've won the game, stop playing"
Replies: 83
Views: 8813

Re: Be careful: Turbo Tax and Foreign Tax Credit

If you own Vanguard Total International Stock Index Fund (VTIAX or VGTSX) and are going to use Turbo Tax for your taxes, be very careful. There are a lot of questions from TurboTax (in the step by step mode) and I went through them fairly quickly. I only received partial tax credit. I decided to an...
by 1210sda
Mon Jan 19, 2015 5:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Be careful: Turbo Tax and Foreign Tax Credit
Replies: 13
Views: 1825

Re: Be careful: Turbo Tax and Foreign Tax Credit

You should be able to verify the calculations by following line by line on Form 1116. This is an example of why I really think that interview mode in tax software is bad. A good interview should get to the same (correct) answer every time given a set of facts. IMO interview mode is a crutch and a p...
by 1210sda
Mon Jan 19, 2015 11:32 am
 
Forum: Personal Finance (Not Investing)
Topic: Be careful: Turbo Tax and Foreign Tax Credit
Replies: 13
Views: 1825

Be careful: Turbo Tax and Foreign Tax Credit

If you own Vanguard Total International Stock Index Fund (VTIAX or VGTSX) and are going to use Turbo Tax for your taxes, be very careful. There are a lot of questions from TurboTax (in the step by step mode) and I went through them fairly quickly. I only received partial tax credit. I decided to ans...
by 1210sda
Mon Jan 19, 2015 11:12 am
 
Forum: Personal Finance (Not Investing)
Topic: Be careful: Turbo Tax and Foreign Tax Credit
Replies: 13
Views: 1825

Re: Does 3-funds offer higher returns or lower risk?

What's your basis for saying it's not on the "efficient frontier"? Plugging in a 3-fund portfolio into the tool at PersonalCapital.com and seeing if it is on the efficient frontier. It is not. Can you tell me where on the Personal Capital website you found the efficient frontier ? I can't...
by 1210sda
Sun Jan 18, 2015 10:47 pm
 
Forum: Investing - Theory, News & General
Topic: Does 3-funds offer higher returns or lower risk?
Replies: 42
Views: 5573

Re: Home Owners insurance pricing ???

August wrote:All of the above assumes that no co-insurance penalty is taken on the settlement, which can greatly reduce what the insurance company will pay.


Thank You. Could you please describe the "co-insurance penalty" ?
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by 1210sda
Sun Jan 18, 2015 8:40 am
 
Forum: Personal Finance (Not Investing)
Topic: Home Owners insurance pricing ???
Replies: 14
Views: 1602

Re: Home Owners insurance pricing ???

If someone has a replacement value coverage on their dwelling, and then it's completely destroyed but they choose not to re-build, how much does the insurance company pay them ?

1210
by 1210sda
Fri Jan 16, 2015 9:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Home Owners insurance pricing ???
Replies: 14
Views: 1602
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