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Re: Tax Question: Who is wrong, vanguard, me or Taxact

I'd be interested in hearing more opinions about this.
by 555
Fri Mar 27, 2015 1:43 am
 
Forum: Personal Finance (Not Investing)
Topic: Tax Question: Who is wrong, vanguard, me or Taxact
Replies: 3
Views: 657

Re: Mom seeking financial help - what to do?

Okay the $1000 debt is real. I think the IRS installment plan is best as it forces reduced spending to pay the debt. It just becomes another "bill". They can deal with this without your financial help. This will also give you more time to think about how you will handle future occurrences ...
by 555
Thu Mar 26, 2015 5:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mom seeking financial help - what to do?
Replies: 41
Views: 2752

Re: If You Print and Mail, Do You Double-Side?

I print 2-sided, then tape the pages together into a Moebius strip.
by 555
Thu Mar 26, 2015 3:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: If You Print and Mail, Do You Double-Side?
Replies: 33
Views: 12057

Re: Why 529 plan makes any sense??

Cliff notes: "529 doesn't suit me, so it shouldn't suit you either". 529 plans have a place, especially if you've maxed out your own tax-deferred investing vehicles. I agree. In some sircumstances, a 529 plan makes sense. My "Cliff notes" were a summary of what the OP is saying....
by 555
Thu Mar 26, 2015 2:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: Why 529 plan makes any sense??
Replies: 145
Views: 5325

Re: Why 529 plan makes any sense??

Cliff notes: "529 doesn't suit me, so it shouldn't suit you either".
by 555
Thu Mar 26, 2015 7:09 am
 
Forum: Investing - Help with Personal Investments
Topic: Why 529 plan makes any sense??
Replies: 145
Views: 5325

Re: Mom seeking financial help - what to do?

The saying goes "If you give them an inch, they'll take a mile." There are 63,360 inches in a mile. So if you give them $1,000 they'll try to take $63,360,000! Seriously now, I am very skeptical of the $1,000 needed for tax claim. Typical withholding from a regular job would yield a small ...
by 555
Thu Mar 26, 2015 4:03 am
 
Forum: Personal Finance (Not Investing)
Topic: Mom seeking financial help - what to do?
Replies: 41
Views: 2752

Re: Vanguard Ex-US Small Cap Value Petition

I'm opposed. Where do I sign the petition to oppose the OP's petition? :happy
by 555
Thu Mar 26, 2015 2:07 am
 
Forum: Investing - Theory, News & General
Topic: Vanguard Ex-US Small Cap Value Petition
Replies: 24
Views: 2875

Re: Why 529 plan makes any sense??

There is a misconception here. While I would need to consider taxes and FAFSA, I know that I can withdraw whatever I like from retirement accounts when my kids are in college. There would certainly be no penalty for such withdrawals. ?Why because you would be over 59.5 years old ? Contributions can...
by 555
Wed Mar 25, 2015 11:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: Why 529 plan makes any sense??
Replies: 145
Views: 5325

Re: Why 529 plan makes any sense??

A VERY BIG difference is that if you withdraw from a Roth IRA for education, while you may not have to pay the penalty, you may have to pay income taxes if you take out more than you contributed! The only times that it would be considered a completely tax-free withdrawal would be if you are: 1) wit...
by 555
Wed Mar 25, 2015 11:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Why 529 plan makes any sense??
Replies: 145
Views: 5325

Re: Why 529 plan makes any sense??

If a person fully funded retirement account, a person most likely will not qualify for any financial aid. Then, FAFSA does not come into play at all. This is an absolutely ridiculous statement. It takes a huge salary to be disqualified from any financial aid, whereas you max out retirement accounts...
by 555
Wed Mar 25, 2015 2:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Why 529 plan makes any sense??
Replies: 145
Views: 5325

Re: Why 529 plan makes any sense??

It is mostly true that one should contribute to retirement accounts (and max them) before contributing to 529, but if there is money left over, then 529s may make sense. But the OP is very badly mistaken about one thing. Money is fungible. There is no reason why a person cannot use Roth IRA to fund ...
by 555
Wed Mar 25, 2015 2:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Why 529 plan makes any sense??
Replies: 145
Views: 5325

Re: The Only S&P 500 Index Funds You Will Ever Need

In my 401a I have TIAA-CREF S&P 500 Index Instl TISPX ER=0.06% The rest of the choices are mainly high cost active junk. I guess I'm lucky to have that one fund, and I put my whole 401a balance into it, and fill out my asset allocation elsewhere. But even though the ER is about the same as Vangu...
by 555
Tue Mar 24, 2015 10:16 pm
 
Forum: Investing - Theory, News & General
Topic: The Only S&P 500 Index Funds You Will Ever Need
Replies: 11
Views: 2653

Re: Help w/ adult child hard-wired for poor financial decisi

This looks like voluntary downward social mobility. There is a strong tendency for some people to want to sugar coat these situations. That said, there is hope that she will come to her senses. Some gentle but firm expression of parental disapproval is entirely appropriate here.
by 555
Tue Mar 24, 2015 9:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help w/ adult child hard-wired for poor financial decisions?
Replies: 45
Views: 4582

Re: repair or replace old car?

You just mention this repair, but how much is the next repair and the one after that, and when will they be.
If you don't do this repair (and instead sell it) then you won't have to do all the future repairs as well.
by 555
Tue Mar 24, 2015 8:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: repair or replace old car?
Replies: 22
Views: 1878

Re: The Only S&P 500 Index Funds You Will Ever Need

I just wish 401k plans would use a Total Stock Market fund instead of typically using an S&P500 funds. For those of us wanting Total funds, we have find ways to plug the gaps, introducing unnecessary complexity, and sometimes expense.
by 555
Tue Mar 24, 2015 4:23 pm
 
Forum: Investing - Theory, News & General
Topic: The Only S&P 500 Index Funds You Will Ever Need
Replies: 11
Views: 2653

Re: Roommate problems

I realize this seems somewhat strange. I have some knowledge of the reason for this secrecy. It would involve getting into family and moral issues that probably aren't appropriate for this board. Let's just say that the roommate's mother would not approve of her son living with any girlfriend - esp...
by 555
Tue Mar 24, 2015 5:23 am
 
Forum: Personal Finance (Not Investing)
Topic: Roommate problems
Replies: 39
Views: 4136

Re: "Mind the Gap"

If 95% of investors stay the course and it's the other 5% who are jumping in an out, then fund flows are only measuring the activities of the 5% who jump in an out, and ignore the 95% who stay the course.
by 555
Tue Mar 24, 2015 2:59 am
 
Forum: Investing - Theory, News & General
Topic: "Mind the Gap"
Replies: 9
Views: 2254

Re: Vanguard Problems [Account transactions]

Transferring between companies is the riskiest transaction, where most things can go wrong. When I retire I will probably move everything to Vanguard. I'm dreading the various potential foul-ups that can occur (and I'm I'm more concerned that the companies I'm transferring from will be the problem) ...
by 555
Mon Mar 23, 2015 7:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard Problems [Account transactions]
Replies: 20
Views: 2801

Re: Munis for Diversification?

This is like a vegetarian buying meat for diversification.
by 555
Mon Mar 23, 2015 3:27 pm
 
Forum: Investing - Theory, News & General
Topic: Munis for Diversification?
Replies: 14
Views: 1298

Re: Roommate problems

mac_guy wrote: I also don't think his cousin is going to tell his mother the girl will be moving in.
mac_guy wrote: I don't think my brother's roommate wants to tell his mother his g/f is living there.
Jill07 wrote:Why can't the Aunt know that the GF is living in the apartment?

This is the big question. Why such secrecy?
Maybe your brother should casually ask your aunt what she thinks of your cousin's new friend.
Let her decide, including the financial stuff.
by 555
Mon Mar 23, 2015 3:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Roommate problems
Replies: 39
Views: 4136

Re: Georgia Retirement Income Exclusion

But wouldn't the exclusion apply only to State taxes and you would still be on the hook for Federal Taxes ? If so, it seems like a Roth would still make sense for most, right ? No, it would actually favor Trad. Don't forget Roth is funded with post tax dollars. I looked at the GA Doc and understand...
by 555
Mon Mar 23, 2015 2:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Georgia Retirement Income Exclusion
Replies: 22
Views: 2382

Re: Georgia Retirement Income Exclusion

passivestream wrote:But wouldn't the exclusion apply only to State taxes and you would still be on the hook for Federal Taxes ?
If so, it seems like a Roth would still make sense for most, right ?

No, it would actually favor Trad. Don't forget Roth is funded with post tax dollars.
by 555
Mon Mar 23, 2015 12:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Georgia Retirement Income Exclusion
Replies: 22
Views: 2382

Re: Georgia Retirement Income Exclusion

Okay, I found an official source
http://dor.georgia.gov/documents/2014-i ... ax-booklet
Page 14 "RETIREMENT INCOME EXCLUSION WORKSHEET" line 11: "Taxable IRA Distributions"
by 555
Mon Mar 23, 2015 12:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Georgia Retirement Income Exclusion
Replies: 22
Views: 2382

Re: Georgia Retirement Income Exclusion

What about IRAs?
http://dor.georgia.gov/retirees
"Retirement income includes items such as: interest, dividends, net rentals, capital gains, royalties, pensions, annuities, and the first $4000.00 of earned income." does not answer this.
by 555
Mon Mar 23, 2015 5:20 am
 
Forum: Personal Finance (Not Investing)
Topic: Georgia Retirement Income Exclusion
Replies: 22
Views: 2382

Re: Vanguard Problems

You've definitely had your accounts mishandled, and hopefully they fix it and admit their errors. But I wanted to point out that sometimes you do want 401k(403b, 457 etc) rollovers to be put in a separate new rollover IRA, and not comingled with your regular contributary IRA. (I'm sure I'm not using...
by 555
Sun Mar 22, 2015 6:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard Problems [Account transactions]
Replies: 20
Views: 2801

Re: Should I invest my emergency fund?

RevYoung wrote:
555 wrote:My emergency fund doesn't have an asset allocation because you can't divide by zero.

So…you don't have an emergency fund.
Which is another way of saying you have invested it.
Do I get a prize now? :)

Right. It's all one big portfolio. An "emergency fund" is just mental accounting.
by 555
Sun Mar 22, 2015 4:19 pm
 
Forum: Investing - Theory, News & General
Topic: Should I invest my emergency fund?
Replies: 71
Views: 5869

Re: Should I invest my emergency fund?

My emergency fund doesn't have an asset allocation because you can't divide by zero.
by 555
Sun Mar 22, 2015 4:06 pm
 
Forum: Investing - Theory, News & General
Topic: Should I invest my emergency fund?
Replies: 71
Views: 5869

Re: Do all cost-basis calcs yield the same total capital gai

Addition is commutative and associative.
by 555
Sun Mar 22, 2015 4:00 pm
 
Forum: Investing - Theory, News & General
Topic: Do all cost-basis calcs yield the same total capital gains
Replies: 5
Views: 422

Re: tax loss in IRA

No
ETA: "Your message contains 2 characters. The minimum number of characters you need to enter is 5."
But 2 characters was enough.
by 555
Sun Mar 22, 2015 3:45 pm
 
Forum: Investing - Theory, News & General
Topic: tax loss in IRA
Replies: 5
Views: 648

Re: Medium bond vs short + long bonds & rebalance

I can't see how one could know a priori whether
Medium bond
would be better or worse than
short + long bonds & rebalance
by 555
Sun Mar 22, 2015 2:46 am
 
Forum: Investing - Theory, News & General
Topic: Medium bond vs short + long bonds & rebalance
Replies: 9
Views: 1101

Re: John Bogle's Don't Peek Challenge

I am not wrong. He says it right there in his video. I'm the one who made it into a challenge. But how am I wrong? He clearly said it. Agree or disagree, that is a different matter, but John Bogle suggest we do it. Mr. Bogle was talking about 401(K) plans and said it isn't something people really c...
by 555
Sat Mar 21, 2015 7:39 pm
 
Forum: Investing - Theory, News & General
Topic: John Bogle's Don't Peek Challenge
Replies: 103
Views: 8335

Re: What Behavior Gap?

I think the OP has clearly made the point that there are various bad ways to measure "investor behavior" (and this has been discussed here and elsewhere before).

What are the good ways to measure "investor behavior"?
by 555
Sat Mar 21, 2015 7:17 pm
 
Forum: Investing - Theory, News & General
Topic: What Behavior Gap?
Replies: 23
Views: 1820

Re: Why I don't file early

Traveler wrote:I've never understood how people with anything more complicated than a W-2 can file so early.
For a majority (or a lot) of taxpayers, W2 is the most complicated document they'll get.
by 555
Sat Mar 21, 2015 11:04 am
 
Forum: Personal Finance (Not Investing)
Topic: Why I don't file early
Replies: 35
Views: 3339

Re: John Bogle's Don't Peek Challenge

The exact quote is; ‘Don’t peek.’ Don’t let all the noise drown out your common sense and your wisdom. Just try not to pay that much attention, because it will have no effect whatsoever, categorically, on your lifetime investment returns.” Right. That's completely different to the extreme suggestio...
by 555
Fri Mar 20, 2015 10:38 pm
 
Forum: Investing - Theory, News & General
Topic: John Bogle's Don't Peek Challenge
Replies: 103
Views: 8335

Re: What Behavior Gap?

Actually, it's just a flawed association of behavior with sequence of returns. For example, if you accumulate for 10 years in a flat market which is subsequently followed by an up market, investor return looks great. Accumulate during a bull market which is subsequently followed by a flat market, i...
by 555
Fri Mar 20, 2015 8:45 pm
 
Forum: Investing - Theory, News & General
Topic: What Behavior Gap?
Replies: 23
Views: 1820

Re: Vanguard on portfolio inflation protection.

No TIPS for me while accumulating. I'll start holding them near and in retirement.

Also I didn't realize quite how active V's TIPS fund is.
by 555
Fri Mar 20, 2015 8:43 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard on portfolio inflation protection.
Replies: 2
Views: 520

Re: John Bogle's Don't Peek Challenge

Oh and the spelling police tell me that people peek, markets peak.
by 555
Fri Mar 20, 2015 6:47 pm
 
Forum: Investing - Theory, News & General
Topic: John Bogle's Don't Peek Challenge
Replies: 103
Views: 8335

Re: John Bogle's Don't Peek Challenge

I actually think it is a good idea for anyone invested in volatile assets like stocks, to frequently watch the wild fluctuations for a while so they get used to it, as a kind of immunization against the noise.
by 555
Fri Mar 20, 2015 6:46 pm
 
Forum: Investing - Theory, News & General
Topic: John Bogle's Don't Peek Challenge
Replies: 103
Views: 8335

Re: John Bogle's Don't Peek Challenge

I call BS. Bogle didn't make this challenge. OP is just making this up. Anyway, merely "peeking" does absolutely no harm whatsoever. The whole thing is completely ridiculous. There is a boat-load of research on it: https://www0.gsb.columbia.edu/mygsb/faculty/research/pubfiles/7482/Portfol...
by 555
Fri Mar 20, 2015 6:43 pm
 
Forum: Investing - Theory, News & General
Topic: John Bogle's Don't Peek Challenge
Replies: 103
Views: 8335

Re: John Bogle's Don't Peek Challenge

I call BS. Bogle didn't make this challenge. OP is just making this up. Anyway, merely "peeking" does absolutely no harm whatsoever. The whole thing is completely ridiculous. I'll teach you how to use google. There are numerous articles about it. Also, just check out You Tube where he als...
by 555
Fri Mar 20, 2015 6:42 pm
 
Forum: Investing - Theory, News & General
Topic: John Bogle's Don't Peek Challenge
Replies: 103
Views: 8335

Re: Why I don't file early

I file in mid-January, as soon as IRS opens up e-filing. I have all my information by then, and the information never changes later. And I get a large refund, so I want it ASAP. Sounds like you are doing something wrong then. A couple of things... OP got it: "Could be refundable credits."...
by 555
Fri Mar 20, 2015 6:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Why I don't file early
Replies: 35
Views: 3339

Re: Secure a foreign tax credit carry forward?

So OP, do you understand that a foreign tax credit carry forward is essentially worthless? Thanks. I think I understand. For this year and next, my income is hovering at a very low point in order to maximize ACA benefits, so my tax liability is tiny. My income will more than double in two years, wi...
by 555
Fri Mar 20, 2015 6:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Secure a foreign tax credit carry forward?
Replies: 19
Views: 1265

Re: Secure a foreign tax credit carry forward?

So OP, do you understand that a foreign tax credit carry forward is essentially worthless?
by 555
Fri Mar 20, 2015 4:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Secure a foreign tax credit carry forward?
Replies: 19
Views: 1265

Re: Why I don't file early

Rainier wrote:
555 wrote:I file in mid-January, as soon as IRS opens up e-filing. I have all my information by then, and the information never changes later. And I get a large refund, so I want it ASAP.
Sounds like you are doing something wrong then.
Hahahahaha. You don't understand.
by 555
Fri Mar 20, 2015 3:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Why I don't file early
Replies: 35
Views: 3339

Re: Why I don't file early

I file in mid-January, as soon as IRS opens up e-filing. I have all my information by then, and the information never changes later. And I get a large refund, so I want it ASAP.
by 555
Fri Mar 20, 2015 3:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Why I don't file early
Replies: 35
Views: 3339

Re: John Bogle's Don't Peek Challenge

I call BS. Bogle didn't make this challenge. OP is just making this up.

Anyway, merely "peeking" does absolutely no harm whatsoever. The whole thing is completely ridiculous.
by 555
Fri Mar 20, 2015 1:39 pm
 
Forum: Investing - Theory, News & General
Topic: John Bogle's Don't Peek Challenge
Replies: 103
Views: 8335

Re: Why Funds Over ETFs?

I prefer mutual funds over ETFs because Vanguard is better at executing trades than I could ever be.
by 555
Fri Mar 20, 2015 4:33 am
 
Forum: Investing - Help with Personal Investments
Topic: Why Funds Over ETFs?
Replies: 57
Views: 5254
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