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Re: International increase in Target Retirement & LifeStrate

I have to admit, this tempts me to increase my international stock allocation (from about 30% to about 40% of stock) thinking "If it's good enough for Vanguard, then it's good enough for me". There are other reasons: It's still home-biased compared to global cap-weight portfolio, it just s...
by 555
Fri Feb 27, 2015 12:20 pm
 
Forum: Investing - Theory, News & General
Topic: International increase in Target Retirement & LifeStrategy
Replies: 113
Views: 6787

Re: Spending trajectory for families with kids?

Median family income is about $50k/yr, so that limits most spending trajectories.

The high expenses mentioned here are for wants not needs.
by 555
Thu Feb 26, 2015 5:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Spending trajectory for families with kids?
Replies: 45
Views: 3402

Re: Can my employer open an HSA account for me without me?

Update: They acknowledge that the account was opened in error and closed it. For some reason, the account balance went up to $0.01 in late 2014 and early 2015, so I hope the IRS doesn't give me grief about having a disallowed HSA account, with a non-zero balance.
by 555
Wed Feb 25, 2015 2:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can my employer open an HSA account for me without me?
Replies: 20
Views: 1585

Re: New or Used Honda Odyssey

I just purchased a new Dodge Grand Caravan and went through the same debate (new vs. used). The conclusion I came to was it wasn't worth it to purchase used. It seems the value of used isn't what it used to be since the recent recession. Also a new Dodge Grand Caravan could be the same price as the...
by 555
Wed Feb 25, 2015 1:46 pm
 
Forum: Personal Consumer Issues
Topic: New or Used Honda Odyssey
Replies: 20
Views: 1010

Re: HSA Account Was Compromised

Semi-hijack here, but I wonder if there is a way in an HSA to disable the debit card, checks, etc. I would think most Bogleheads would use an HSA in such a way that they never need such things, i.e. they would never use the HSA for medical expenses in real time, but just save receipts and withdraw l...
by 555
Wed Feb 25, 2015 1:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: HSA Account Was Compromised
Replies: 8
Views: 728

Re: Does it cost money to update AA?

Frequently changing AA introduces risk, and it can cost you. For example if each day you randomnly have 100% stock or 100% cash (with 50% chance of each) then in the long run you will almost certainly underperform a portfolio of 50% stock and 50% cash (rebalanced daily, though it could be much less ...
by 555
Sun Feb 22, 2015 11:04 am
 
Forum: Investing - Help with Personal Investments
Topic: Does it cost money to update AA?
Replies: 6
Views: 538

Re: Returning a taxable gift.

by 555
Sun Feb 22, 2015 2:21 am
 
Forum: Personal Finance (Not Investing)
Topic: Returning a taxable gift.
Replies: 16
Views: 1128

Re: Returning a taxable gift.

What OP's mother did was weird, but I think a better response would be to say thanks for the gift, and explain that it should be moved somewhere sensible like a 529 plan.
by 555
Sat Feb 21, 2015 11:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Returning a taxable gift.
Replies: 16
Views: 1128

Re: Moving TaxACT software/data to new computer?

Thanks. I moved some files to a different folder, so I might have to watch out if that's an issue.

(The old computer is running, so no problems getting files off it.)
by 555
Tue Feb 17, 2015 8:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Moving TaxACT software/data to new computer?
Replies: 4
Views: 340

Re: Moving TaxACT software/data to new computer?

I just found this.

"Transfer TaxACT to New Computer"
http://www.taxact.com/support/700/trans ... -computer/

I guess that gives an answer. I'm still curious if anyone has done this successfully with no hassles.
by 555
Mon Feb 16, 2015 10:58 am
 
Forum: Personal Finance (Not Investing)
Topic: Moving TaxACT software/data to new computer?
Replies: 4
Views: 340

Moving TaxACT software/data to new computer?

I need to get a new computer. I have TaxACT software and all the tax return data (2009-2014) on my current old computer. To what extent can I transfer all this to my new computer when I get it? How is it done?

Any experience with this kind of thing?
by 555
Mon Feb 16, 2015 10:41 am
 
Forum: Personal Finance (Not Investing)
Topic: Moving TaxACT software/data to new computer?
Replies: 4
Views: 340

Re: Auto-rebalancing tool at Vanguard

You do realize that all of these transactions do cost something. Not much, but something. Charging nothing is in part marketing- people hate paying even very small purchase fees. It is also in part a recognition that charging a very small fee might cost more in record keeping than charging nothing....
by 555
Thu Jan 22, 2015 10:11 pm
 
Forum: Investing - Theory, News & General
Topic: [Lack of] Auto-rebalancing tool at Vanguard
Replies: 68
Views: 12870

Re: What % of AGI did you pay in taxes for 2014?

-15%

So I voted "<5%", of course, but I think you needed a few more options on the low end.
by 555
Tue Jan 20, 2015 4:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: What % of AGI did you pay in taxes for 2014?
Replies: 5
Views: 592

Re: Land - Me or my Neighbor

When did you find out it was not your land? (Already answered: Recently.)

You should not touch it. Let it revert to its natural state.
by 555
Tue Jan 20, 2015 1:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Land - Me or my Neighbor
Replies: 44
Views: 3455

Re: Milevsky's got me thinking immediate annuity????

SPIAs are great, but OP, you are very obviously not someone who needs one now. If that book told you to get one now, then it's not a very good book. (However, as others have said, for long term planning, keep SPIAs in mind for starting age 75-85, and maybe have some funds easrmarked for that potenti...
by 555
Mon Jan 19, 2015 2:15 am
 
Forum: Personal Finance (Not Investing)
Topic: Milevsky's got me thinking immediate annuity????
Replies: 28
Views: 2502

Re: US/foreign allocation under massive relative US drop

... To clarify: I'm asking about what a rational investor should do in each situation, and want some exploration of that. I am not asking for personal portfolio advice. And evidently I wasn't clear. A rational investor will carefully consider asset allocation questions, make decisions, then impleme...
by 555
Sun Jan 18, 2015 5:58 pm
 
Forum: Investing - Theory, News & General
Topic: US/foreign allocation under massive relative US drop
Replies: 21
Views: 1453

Re: US/foreign allocation under massive relative US drop

How about something like 50% US, and 50% global (including US) market weighted? (You can change 50:50 to something else.) This has components of both home bias and market weighting, if that's what one wants.

With this, if US is X% of global market weight, then you'd be holding (50+X/2)% in US.
by 555
Sun Jan 18, 2015 5:32 pm
 
Forum: Investing - Theory, News & General
Topic: US/foreign allocation under massive relative US drop
Replies: 21
Views: 1453

Re: How Long Do You Keep Tax Records?

lululu wrote:The IRS requires IRA records to be kept forever.
I don't need these records (zero basis) and I think this is the typical situation.
by 555
Sun Jan 18, 2015 12:13 am
 
Forum: Personal Finance (Not Investing)
Topic: How Long Do You Keep Tax Records?
Replies: 28
Views: 2450

Re: How Long Do You Keep Tax Records?

lululu wrote:The IRS requires IRA records to be kept forever.

Why? What's the worst that could happen if I have no such records?
by 555
Sat Jan 17, 2015 11:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: How Long Do You Keep Tax Records?
Replies: 28
Views: 2450

Re: Taxact ultimate version $6

Hey I know. If I figure out how to save $10.95/yr on tax software, I can afford to eat an extra $0.03 worth of cornflakes every morning (except Feb 29th).
by 555
Thu Jan 15, 2015 5:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Taxact ultimate version $6 - DEAL OVER
Replies: 46
Views: 2993

Re: Taxact ultimate version $6

Meanwhile, if you shave 1 basis point off your expense ratio on a $1M portfolio, you'll save $100 per year.
by 555
Thu Jan 15, 2015 5:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Taxact ultimate version $6 - DEAL OVER
Replies: 46
Views: 2993

Re: Taxact ultimate version $6

I ordered the "early bird special" for Taxact ultimate version in July 2014 (they charge CC in Jan 2015) for $18.99. It may not be the cheapest deal, but you get their near final version in Oct 2014, so can put in numbers then and do some tax planning. I'm okay with this, for early access,...
by 555
Thu Jan 15, 2015 3:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Taxact ultimate version $6 - DEAL OVER
Replies: 46
Views: 2993

Re: Taxact ultimate version $6

What about state tax?
by 555
Thu Jan 15, 2015 2:44 am
 
Forum: Personal Finance (Not Investing)
Topic: Taxact ultimate version $6 - DEAL OVER
Replies: 46
Views: 2993

Re: Can you make money betting on random coin flips?

I like Nisiprius' charts but I do not understand them. Although I am neither a mathematician nor a statistician, there is no doubt in my mind that we cannot make money betting on coin toss. It's just a random binary outcome. Okay, if you're so sure, perhaps you would be willing to bet some serious ...
by 555
Wed Jan 14, 2015 7:59 pm
 
Forum: Investing - Theory, News & General
Topic: Can you make money betting on random coin flips?
Replies: 295
Views: 16762

Re: Can you make money betting on random coin flips?

I haven't read hardly any of the 6 pages of posts, but I'll "wager" an answer to the title question: Can you make money betting on random coin flips? In the short run, perhaps. In the long run, it is a statistical impossibility. The problem is knowing where the short run ends and where th...
by 555
Tue Jan 13, 2015 4:54 pm
 
Forum: Investing - Theory, News & General
Topic: Can you make money betting on random coin flips?
Replies: 295
Views: 16762

Re: Is a Sub-4% SWR a Boglehead Quirk?

It still calls for explanation why you'd withdraw at 2% if CPI adjusted annuities pay (at least close to) 4%, and the actual goal is just security in one's own retirement. Do those CPI adjusted close-to-4% annuities exist for 45 year olds? How about 40 year olds? Or are they only for the "clas...
by 555
Tue Jan 13, 2015 4:51 pm
 
Forum: Investing - Theory, News & General
Topic: Is a Sub-4% SWR a Boglehead Quirk?
Replies: 177
Views: 10787

Re: Can you make money betting on random coin flips?

I do not appreciate bait and switch tactics.
by 555
Mon Jan 12, 2015 7:46 pm
 
Forum: Investing - Theory, News & General
Topic: Can you make money betting on random coin flips?
Replies: 295
Views: 16762

Re: Can you make money betting on random coin flips?

@Jacotus, you are dredging up old misconceptions (as had some other people before) that had already been dealt with earlier in the thread. Read the thread. You said "I am not a mathematician, but I am a physicist who spends most my time doing math." Then surely you should be able to easily...
by 555
Mon Jan 12, 2015 5:34 pm
 
Forum: Investing - Theory, News & General
Topic: Can you make money betting on random coin flips?
Replies: 295
Views: 16762

Re: Can my employer open an HSA account for me without me?

Thanks Spirit Rider, that's good information. I knew the stuff about "testing period" etc, but it's definitely important.
by 555
Mon Jan 12, 2015 1:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can my employer open an HSA account for me without me?
Replies: 20
Views: 1585

Re: Can you make money betting on random coin flips?

I said this earlier but no one has commented on it. I am fairly certain that this is the "intuitive" reason why the strategy that maximizes log W (or growth rate) is perceived as better in some situations. Because the logarithm compresses the dynamic range of the outcomes, it reduces the ...
by 555
Mon Jan 12, 2015 1:00 pm
 
Forum: Investing - Theory, News & General
Topic: Can you make money betting on random coin flips?
Replies: 295
Views: 16762

Re: Helping adult child understand investing

... But I certainly believe that a single person earning almost six figures has huge saving potential, and saving >$25k/yr should be extremely easy. (I'm making general comments, not about the OP's specific situation.) That is roughly a 40% savings rate of take home pay for a retirement account to ...
by 555
Mon Jan 12, 2015 12:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Helping adult child understand investing
Replies: 38
Views: 3412

Re: Can you make money betting on random coin flips?

Due to compounding, by the time the sequence gets long enough to know the ratio of heads and tails to "within a smidgen," it is also long enough for a smidgen of difference in the ratio to make a boatload of difference in the outcome. Right. As n gets big, 1/sqrt(n) gets small, but sqrt(n...
by 555
Mon Jan 12, 2015 12:11 pm
 
Forum: Investing - Theory, News & General
Topic: Can you make money betting on random coin flips?
Replies: 295
Views: 16762

Re: Can you make money betting on random coin flips?

Epsilon Delta wrote:W = (1+bf) ^ H * (1- f) ^T
Find the maximum by differentiating ...

Or you could use logarithmic differentiation.
Oops! There's that word again. ;)
by 555
Mon Jan 12, 2015 12:08 pm
 
Forum: Investing - Theory, News & General
Topic: Can you make money betting on random coin flips?
Replies: 295
Views: 16762

Re: Is a Sub-4% SWR a Boglehead Quirk?

The whole idea of setting an initial withdrawal level as a percentage of current wealth and then increasing it by inflation, regardless of changes in wealth, is poor, so it is better to think about other strategies, ... It's a total straw man to call it a "strategy". No one ever seriously...
by 555
Mon Jan 12, 2015 11:34 am
 
Forum: Investing - Theory, News & General
Topic: Is a Sub-4% SWR a Boglehead Quirk?
Replies: 177
Views: 10787

Re: Helping adult child understand investing

I said per person . Compared to a single on a $90k/yr income, a family of 5 on a $45k/yr income has one tenth of that income per person. It was not me that used the words "real effort". But I certainly believe that a single person earning almost six figures has huge saving potential, and s...
by 555
Mon Jan 12, 2015 11:28 am
 
Forum: Personal Finance (Not Investing)
Topic: Helping adult child understand investing
Replies: 38
Views: 3412

Re: Helping adult child understand investing

If she's GS13, renting without a family to support: She ought to be maxing the TSP contribution, plus maxing an IRA, plus at least some after-tax investing. Things will start growing faster when she starts making a real effort at savings. A GS-13, step 1 depending on the locality makes roughly 82-9...
by 555
Mon Jan 12, 2015 10:09 am
 
Forum: Personal Finance (Not Investing)
Topic: Helping adult child understand investing
Replies: 38
Views: 3412

Re: Can my employer open an HSA account for me without me?

Thanks Nukie . It certainly is complex. Our FSA is definitely general purpose and not HSA-compatible. However I'm wondering about interpretation. I would say the FSA "plan year" is 1 Jan 2014 - 15 Mar 2015, so that would preclude HSA eligibility during those months even if the balance goes...
by 555
Mon Jan 12, 2015 9:46 am
 
Forum: Personal Finance (Not Investing)
Topic: Can my employer open an HSA account for me without me?
Replies: 20
Views: 1585

Re: Can my employer open an HSA account for me without me?

Both employers explicitly said in enrollment materials that no money would go into the HSA until any general FSA had been depleted. Because I wanted all my contributions to start with the first check, I depleted the accounts before year end. Aha, this is a clue. It sounds like your employer is dott...
by 555
Mon Jan 12, 2015 12:04 am
 
Forum: Personal Finance (Not Investing)
Topic: Can my employer open an HSA account for me without me?
Replies: 20
Views: 1585

Re: Can my employer open an HSA account for me without me?

I have a problem with the timing. There are technical tax issues when you have an FSA in year n, then an HSA in year n+1, since the FSA grace period encroaches into the following year. Technically, the HSA is not allowed to exist yet. <-- Are you absolutely sure this is a problem? I have until Marc...
by 555
Sun Jan 11, 2015 9:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can my employer open an HSA account for me without me?
Replies: 20
Views: 1585

Re: Can my employer open an HSA account for me without me?

So it looks like some people had their employers open an HSA for them with their knowledge and consent. But it looks like an employer automatically enrolling employees in an HSA with out employees' knowledge or consent, is legally questionable at best. Some posters have basically said that what I sa...
by 555
Sun Jan 11, 2015 7:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can my employer open an HSA account for me without me?
Replies: 20
Views: 1585

Re: Keeping CC Receipts

white_water wrote:A doctor's office claimed that I had a substantial unpaid bill ... 4 yrs later. I had the CC receipt. Issue closed.
Errors happen.

Perhaps a credit card statement would have been as good.
by 555
Sun Jan 11, 2015 6:01 pm
 
Forum: Personal Consumer Issues
Topic: Keeping CC Receipts
Replies: 45
Views: 3702

Re: Is a Sub-4% SWR a Boglehead Quirk?

Some people are fortunate enough to have both high earning power and low spending needs/wants, so obviously they'll get into a situation of only needing to withdraw a small percentage. But most people would find it hard to save up 50 years worth of expenses, so there are real questions about what ki...
by 555
Sun Jan 11, 2015 4:31 pm
 
Forum: Investing - Theory, News & General
Topic: Is a Sub-4% SWR a Boglehead Quirk?
Replies: 177
Views: 10787

Re: Can my employer open an HSA account for me without me?

Sidney wrote:Sounds to me like you need a new employer.

Probably a lot of the employees feel that way. :confused
by 555
Sun Jan 11, 2015 3:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can my employer open an HSA account for me without me?
Replies: 20
Views: 1585

Re: Can my employer open an HSA account for me without me?

All you asked is "is this legal" -- you didn't provide all these other facts. Given no other information, the answer you got was reasonable. Thet response was predictable but not reasonable. People need to use some common sense. In any case I already said in the OP "with out employee...
by 555
Sun Jan 11, 2015 2:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can my employer open an HSA account for me without me?
Replies: 20
Views: 1585

Re: Is a Sub-4% SWR a Boglehead Quirk?

Currently for $1M you can buy an inflation-indexed annuity (SPIA) paying inflation-indexed $40k/yr for a 65 year old couple for (the longer) life... What insurance company currently has a joint life SPIA, with a 4% payout rate that is truly indexed for inflation, at age 65? I saw this link, that ot...
by 555
Sun Jan 11, 2015 2:35 pm
 
Forum: Investing - Theory, News & General
Topic: Is a Sub-4% SWR a Boglehead Quirk?
Replies: 177
Views: 10787

Re: Can my employer open an HSA account for me without me?

The real question is, does an employer/entity have the right to open an individual HSA account (all HSA accounts are individual) in an individual's name, without that individual's knowledge or consent? You should read your plan materials that will probably spell this out ala "If you sign up fo...
by 555
Sun Jan 11, 2015 2:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can my employer open an HSA account for me without me?
Replies: 20
Views: 1585

Re: Can my employer open an HSA account for me without me?

The employer had not done such mass openings before, so the (small) available employer contribution to HSA account would be paid in if/when employee chose to open it. I don't have a problem with the chosen HSA custodian, and have no intention of moving it. I have a problem with the timing. There are...
by 555
Sun Jan 11, 2015 12:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can my employer open an HSA account for me without me?
Replies: 20
Views: 1585

Can my employer open an HSA account for me without me?

I started an HDHP this January. (Every October we pick from a list of health insurance plans, for the following calendar year. The choice is made with a single online click.) Well I found out that my employer automatically enrolled all HDHP participants in the employer's chosen HSA without employees...
by 555
Sun Jan 11, 2015 4:41 am
 
Forum: Personal Finance (Not Investing)
Topic: Can my employer open an HSA account for me without me?
Replies: 20
Views: 1585

Re: Keeping CC Receipts

I have a ziploc bag for each quarter, and stuff receipts in the bag for the current quarter. Then I shred them after about six months, e.g. I just shredded the 2014 Q2 receipts.
by 555
Sun Jan 11, 2015 4:18 am
 
Forum: Personal Consumer Issues
Topic: Keeping CC Receipts
Replies: 45
Views: 3702
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