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Re: Individual Bonds versus Bond Funds - Again

Kenner, That Vanguard white paper is very important reading for nearly anyone who's interested in buying bonds (both individual bonds and bond funds). In particular, page 8 is very important to read carefully. If you're buying individual bonds to roll them when they mature, then you're more or less ...
by Artsdoctor
Mon Oct 20, 2014 8:28 pm
 
Forum: Investing - Theory, News & General
Topic: Individual Bonds versus Bond Funds - Again
Replies: 16
Views: 955

Re: "I've had it" at work - how often

This is what I love about this forum: there is such a huge variety of personalities and life experiences out there. I'm 55 and I enjoy my job as a doctor. However, there are several things that happened this year. 1. My dad became ill with lung cancer in May and died in August. 2. I started working ...
by Artsdoctor
Mon Oct 20, 2014 5:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: "I've had it" at work - how often
Replies: 117
Views: 8919

Re: 30 yr TIPs auction announced 16 oct: yield=1.10%?

^ But doesn't this depend on what you plan on doing with your TIPS? If you're going to make on play on real versus nominal returns and anticipate buying and selling accordingly, I would agree with you. But if you're going to build a specific ladder taking you from 65-85, then I think you just have t...
by Artsdoctor
Sun Oct 19, 2014 6:16 pm
 
Forum: Investing - Theory, News & General
Topic: 30 yr TIPs auction announced 16 oct: yield=1.10%?
Replies: 89
Views: 6003

Re: When to think about tax lost harvesting

Livesoft, now surely you jest. That would indeed be a nice trick, to know exactly when the bottom of the market is. To the OP, there's really no minimum, but it'd have to be worth your time. Just remember that whatever you TLH in to, you want to like the fund enough to hold it indefinitely. As many ...
by Artsdoctor
Sun Oct 19, 2014 5:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: When to think about tax lost harvesting
Replies: 7
Views: 639

Re: Dealing with Volatility

Nice piece, Rick. In the depths of the 2008-2009, I wrote down how I was feeling and kept those papers filed away. It was a learning experience and I refer to those papers occasionally since the raw emotions have worn off. I did hang on with white knuckles at the depths of the market meltdown and I ...
by Artsdoctor
Thu Oct 16, 2014 10:03 am
 
Forum: Investing - Theory, News & General
Topic: Dealing with Volatility
Replies: 14
Views: 1103

Re: Helping prepare family financially if earner dies early

Plano, I'm very sorry that you're going through all of this. From a financial point of view, make sure that you sit down with her and go over where the accounts are, all of the passwords, everything. This will help as well during your chemo because you're probably not going to feel like worrying abo...
by Artsdoctor
Wed Oct 15, 2014 7:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Helping prepare family financially if earner dies early
Replies: 8
Views: 1043

Re: Roll Over Old TIAA CREF Account?

I'll be the contrary one here. Get rid of it and roll it, if possible. If it's very small, it's not making any difference anyway. For example, if the account is making up less than 5% of your investment portfolio, it's really doing nothing. Second, the TIAA Real Estate isn't what it used to be. Alth...
by Artsdoctor
Wed Oct 15, 2014 6:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roll Over Old TIAA CREF Account?
Replies: 15
Views: 764

Re: 30 yr TIPs auction announced 16 oct: yield=1.10%?

Angst, A TIPS ladder and an annuity accomplish similar goals, but of course they're very different products. There are annuities that have fixed time periods, and there are annuities that pay out for the rest of your life. Some annuities are fixed amounts, and some are indexed to inflation. The more...
by Artsdoctor
Tue Oct 14, 2014 7:43 pm
 
Forum: Investing - Theory, News & General
Topic: 30 yr TIPs auction announced 16 oct: yield=1.10%?
Replies: 89
Views: 6003

Re: Another TIPS Thread

If you'd like to make TIPS a part of your accumulation stage portfolio, a fund has its merits. However, you really don't need the diversification of a fund if you're buying government-secured debt since there's no credit risk. Trading individual TIPS is very transparent as well. For me, I like the c...
by Artsdoctor
Tue Oct 14, 2014 2:22 pm
 
Forum: Investing - Theory, News & General
Topic: Another TIPS Thread
Replies: 5
Views: 498

Re: 30 yr TIPs auction announced 16 oct: yield=1.10%?

^ Doc: Yes, that is absolutely correct. I believe that comparing a TIPS ladder to an annuity is the right approach, at least in my mind. It is interesting, in a way. I like the life cycle approach and I am very comfortable building my "floor" with money that I've taken off the table. It wi...
by Artsdoctor
Tue Oct 14, 2014 2:18 pm
 
Forum: Investing - Theory, News & General
Topic: 30 yr TIPs auction announced 16 oct: yield=1.10%?
Replies: 89
Views: 6003

Re: 30 yr TIPs auction announced 16 oct: yield=1.10%?

Doesn't this argument ultimately come down to whether or not you're interested in integrating a life cycle approach into your investment plan? I've been buying and selling TIPS for 10 years based on Larry's guidelines, and it's worked out relatively well. I had been in the accumulation mode the whol...
by Artsdoctor
Tue Oct 14, 2014 10:35 am
 
Forum: Investing - Theory, News & General
Topic: 30 yr TIPs auction announced 16 oct: yield=1.10%?
Replies: 89
Views: 6003

Re: First RMD Question

We have some very, very smart tax people on the form so I'm sure they will give a definitive answer. Your first RMD is due on April 1 the year after you turn 70-1/2. Each subsequent RMD is due by December 31. In your case, you will be required to take your first RMD by April 1, 2015, and then next y...
by Artsdoctor
Mon Oct 13, 2014 7:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: First RMD Question
Replies: 10
Views: 975

Re: Do you deviate from the BH philosophy?

The Bogleheads tent is very large. While there are some posters that are extremely strident, I've found that most of us here are very flexible. Because of the wealth of information from people here who are very, very smart, my investment strategies have evolved as I've learned from the forum. And be...
by Artsdoctor
Wed Oct 01, 2014 8:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: Do you deviate from the BH philosophy?
Replies: 64
Views: 3813

Re: POLL: When I gift/will shares to my relatives, I expect

For the past decade, I've "gifted" appreciated mutual fund shares to my parents in order to take advantage of their 0% capital gains rate. They sold the shares immediately and paid their long-term care insurance premiums. My mom no longer has to pay the LTC premiums but I'm sure I'll conti...
by Artsdoctor
Wed Oct 01, 2014 8:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: When I gift/will shares to my relatives, I expect ...
Replies: 24
Views: 1684

Re: Answer to Most Physician/High Income Job Questions:

"100k/Yr Invested x 25Yr assume 6-8% return = $5 million portfolio by Age 55-60 Then retire on 250K/Yr from investments at 4% plus SS Income at age 55-60" I'm not sure these numbers add up. $5M by age 55-60 is OK but then . . . $250,000 per year on a $5M portfolio? If you're going to retir...
by Artsdoctor
Sat Sep 27, 2014 6:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Answer to Most Physician/High Income Job Questions:
Replies: 31
Views: 2402

Re: Role of Short Term Bond Funds in Long Term Portfolio

Many investors would be reluctant to purchase a bond or bond fund with a maturity that extends beyond the time when the money is needed. Although I'm investing for "the long run," I will be able to rollover an absolutely abysmal 401k through Hancock is about 2-3 years. I will take that mon...
by Artsdoctor
Thu Sep 18, 2014 2:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: Role of Short Term Bond Funds in Long Term Portfolio
Replies: 6
Views: 691

Re: Inflation Bonds - Staying the Course?

I've always found TIPS intriguing. They can be used several ways in your portfolio. I'm 55 and no longer buy individual TIPS when real rates are high with the thought of selling them when real rates fall. I have been methodically building my floor of individual TIPS (a ladder) that will give me a mi...
by Artsdoctor
Thu Sep 18, 2014 1:43 pm
 
Forum: Investing - Theory, News & General
Topic: Inflation Bonds - Staying the Course?
Replies: 43
Views: 3188

Re: Pre-Retirement Tasks & Timeline

Definitely spend some time looking at the wiki here. Make sure you understand taxation during retirement and really understand social security rules. Those two things are rarely considered prior to retirement (except on this forum!).
by Artsdoctor
Wed Sep 17, 2014 9:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Pre-Retirement Tasks & Timeline
Replies: 15
Views: 1272

Re: Inter Term Muni Bond Fund vs Indiv Muni Bonds

These are very very small sums (I'm reading your question to mean that each holding is ten bonds?). If you sell them on the secondary market, you will almost certainly get fleeced. Take a quick look at EMMA to make sure none of them are in junk territory, but these look like general obligation bonds...
by Artsdoctor
Wed Sep 17, 2014 9:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: Inter Term Muni Bond Fund vs Indiv Muni Bonds
Replies: 5
Views: 578

Re: Question about popularity of HSAs

Even if you don't have your HSA sponsored through your job, it's still worth it. Watch the fees, though; some are hidden in the form of high ER investment options, and some are charged PER FUND invested. It's unfortunate that the amount to contribute is relatively small each year, but don't forget a...
by Artsdoctor
Wed Sep 17, 2014 8:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: Question about popularity of HSAs
Replies: 23
Views: 1409

Re: How often do YOU rebalance and when?

I "rebalance" passively very frequently--with new money and dividends. Wherever the money is needed, it goes. Active rebalancing, where I actually sell an asset class to buy another, is a very rare occurrence. I thought I would be doing it more, but with putting "new" money where...
by Artsdoctor
Wed Sep 17, 2014 7:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: How often do YOU rebalance and when?
Replies: 39
Views: 2060

Re: Roth conversion

Before you do ANY conversions, make sure you understand how it affects your taxes. Take a look at the wiki here (search for social security and taxes) in order to understand how a conversion can affect your marginal tax rate. If you have a 2013 tax software program, it can also be enlightening to pl...
by Artsdoctor
Tue Sep 16, 2014 7:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roth conversion
Replies: 5
Views: 309

Re: Tax Stupid Investment

First of all, this is not a stupid question at all. Many people don't take taxes into consideration when they're younger and planning for retirement, and many learn about this only when they start withdrawing. This is a shame because tax planning could've helped but even some accountants are more co...
by Artsdoctor
Tue Sep 16, 2014 7:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: Tax Stupid Investment
Replies: 16
Views: 1730

Re: Bond Fund Duration ?

Awferg, Duration is a very misunderstood term. Duration is an attempt to show you, the investor, how sensitive your investment is to an increase/decrease in interest rates. There are no guarantees, and there is no promise of a "breakeven point." Although there are several formulas, it is a...
by Artsdoctor
Tue Sep 16, 2014 7:08 pm
 
Forum: Investing - Theory, News & General
Topic: Bond Fund Duration ?
Replies: 13
Views: 898

Re: Roth conversion

There is definitely an advantage to doing this. If you are delaying starting your social security until you are 70, this is relatively straightforward. If you are already taking your social security, make sure you understand the tax ramifications regarding increasing income tax on your social securi...
by Artsdoctor
Tue Sep 16, 2014 6:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roth conversion
Replies: 5
Views: 309

Re: You may want to rethink the odds of ever needing LTCi

I'm actually very surprised that Alicia Munnell would write an article like this. She is seasoned and well-respected. Her article is technically correct, but she really misses a much bigger picture. As previous posters noted, there is a lot more to long-term care than nursing home care. Most long-te...
by Artsdoctor
Tue Sep 16, 2014 2:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: You may want to rethink the odds of ever needing LTCi
Replies: 89
Views: 9161

Re: Anyone use Legal Zoom for LivingTrust?

We generally provide for children in trust rather than outright, to keep the children's inheritances out of their estates, and to protect against their creditors and spouses. So control adult children from beyond the grave? No. An estate lawyer looks at contingencies and allows for unpredictable si...
by Artsdoctor
Thu Sep 11, 2014 9:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Anyone use Legal Zoom for LivingTrust?
Replies: 75
Views: 5090

Re: Anyone have a house with a pool?

A pool is a luxury, never a necessity. We live in Southern California and the entire house looks out into the yard where the pool is. It's gorgeous. And it's a money pit. Here, it can go either way. In the Midwest, seems like it would be an expensive pain in the butt. Factor in water, electricity, p...
by Artsdoctor
Thu Sep 11, 2014 9:40 pm
 
Forum: Personal Consumer Issues
Topic: Anyone have a house with a pool?
Replies: 32
Views: 2450

Re: Cost Basis Methods

You can really do anything want regarding monthly investments and reinvesting dividends. It just depends on how much time and energy you have keeping up with bookkeeping. To some, it's a hobby so a lot of time doesn't really matter. I personally find those reinvested dividends of $50 over a decade a...
by Artsdoctor
Tue Sep 09, 2014 10:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Cost Basis Methods
Replies: 19
Views: 783

Re: Anyone use Legal Zoom for LivingTrust?

I think we could probably discuss pros and cons related to trusts for a while. The confusing issue will always be what state the person lives in because state law alone could play a major role in the decision. There are advantages and disadvantages to trusts. They're a bit of a hassle to set up and ...
by Artsdoctor
Tue Sep 09, 2014 10:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Anyone use Legal Zoom for LivingTrust?
Replies: 75
Views: 5090

Re: spend or save HSA when changing to lower-paid career?

You might want to look at your entire investment portfolio. Do you want to use the HSA as an investment account? Or are you going to ultimately spend it in the next couple of years for medical expenses. If you want liquidity and think you'll need the money soon, pick somewhere that has extremely low...
by Artsdoctor
Tue Sep 09, 2014 8:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: spend or save HSA when changing to lower-paid career?
Replies: 4
Views: 329

Re: Anyone use Legal Zoom for LivingTrust?

Even if you think your estate is easy, please have some contingencies. For the majority of all of us, one spouse will die, the other will inherit the estate, and when the remaining spouse dies, the estate can be split between two siblings. By definition, some of us will not have that smooth transiti...
by Artsdoctor
Tue Sep 09, 2014 8:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Anyone use Legal Zoom for LivingTrust?
Replies: 75
Views: 5090

Re: Rather macabre but necessary question

https://www.lls.org/content/nationalcontent/resourcecenter/freeeducationmaterials/mpd/pdf/polycythemiavera.pdf Please make sure that you've met with a well-qualified hematologist. If you live in an area where there is a major, well-respected cancer center, ask to be referred there for a second opini...
by Artsdoctor
Tue Sep 09, 2014 1:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Rather macabre but necessary question
Replies: 74
Views: 6335

Re: Life insurance with a smoking spouse

One thing to keep in mind is that term life does not keep up with inflation. That's neither good nor bad, but just remember that $1M in 2014 will be "worth" a lot less in 2044. If he's the sole breadwinner and you haven't even started your family I wouldn't be stingy with the policy.
by Artsdoctor
Mon Sep 08, 2014 7:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Life insurance with a smoking spouse
Replies: 38
Views: 1310

Re: Vanguard Interview with Jonathan Clements

Very interesting. I have always enjoyed Jonathan Clements and I got a chuckle out of his market timing episode. Good for him that he went from 70% equities to 95% equities in 2009! It is amusing that one paragraph later he underscores the virtues and importance of rebalancing . . . I'm actually very...
by Artsdoctor
Mon Sep 08, 2014 6:36 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard Interview with Jonathan Clements
Replies: 5
Views: 904

Re: Cost Basis Methods

^ You could also just turn your regular Vanguard account into a brokerage account. It's nothing more than another form, and you get a "sweep account" which is a money market account. There's no minimum at all. The brokerage account will allow you to trade ETFs, stocks, individual bonds, CD...
by Artsdoctor
Mon Sep 08, 2014 6:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: Cost Basis Methods
Replies: 19
Views: 783

Re: Cost Basis Methods

The two things that you mentioned--tax loss harvesting and gifting appreciated shares--are benefits that only apply to taxable accounts. In order to maximize these benefits, I use the specific lot ID method for my cost basis. Vanguard should allow you to do this but it is your responsibility to keep...
by Artsdoctor
Mon Sep 08, 2014 5:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: Cost Basis Methods
Replies: 19
Views: 783

Re: Florida to California

^ Yes, I'm afraid so.
by Artsdoctor
Mon Sep 08, 2014 4:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Florida to California
Replies: 15
Views: 796

Re: How often do you really change your email passwords?

Definitely Google two-step verification.
by Artsdoctor
Mon Sep 08, 2014 4:52 pm
 
Forum: Personal Consumer Issues
Topic: How often do you really change your email passwords?
Replies: 17
Views: 726

Re: Florida to California

Lipper, Welcome to the forum and, potentially, to California. While CA has many, many benefits, its tax law is not one of them. If you have lived in FL for many years and contributed to your tax-deferred account, you benefitted from federal tax savings but not state tax savings since there is no per...
by Artsdoctor
Mon Sep 08, 2014 4:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: Florida to California
Replies: 15
Views: 796

Re: Roth conversion/recharacterization strategies?

Make sure you do your tax calculations, both federal and state, before considering a conversion. Trying to wait for a correction may be problematic. I'm sure there are people who were sure a correction was in the making in the middle of 2013, and they're still waiting. If you like, you can convert a...
by Artsdoctor
Mon Sep 08, 2014 10:57 am
 
Forum: Investing - Theory, News & General
Topic: Roth conversion/recharacterization strategies?
Replies: 4
Views: 245

Re: Anyone use Legal Zoom for LivingTrust?

"Yet people leave their investments to the advice they receive on a website (bogleheads)." True. The difference is that the Bogleheads will not be here for your family when you say away. An estate attorney will be. If someone's estate is extremely simple, no problem. If the estate is sizab...
by Artsdoctor
Mon Sep 08, 2014 9:15 am
 
Forum: Personal Finance (Not Investing)
Topic: Anyone use Legal Zoom for LivingTrust?
Replies: 75
Views: 5090

Re: Where can I go to get a signature guarantee or Medallion

Gold medallion signature guarantees are a real pain, and are being phased out across the board. While I've had no problem finding someone at Wells Fargo to do it, I usually have to make an appointment and be prepared for them re-arranging appointment times. Vanguard's voice recognition program has r...
by Artsdoctor
Sat Sep 06, 2014 11:03 am
 
Forum: Personal Finance (Not Investing)
Topic: Where can I go to get a signature guarantee or Medallion sig
Replies: 21
Views: 1302

Re: Reinvest dividends and capital gains?

Some people assume reinvesting dividends in an IRA has no tax implications whatsoever. But if you have the same fund in a taxable account and you've sold some of the fund within the past 60 days for the purpose of claiming a capital loss on your tax return, then reinvesting dividends in the same fu...
by Artsdoctor
Sat Sep 06, 2014 10:54 am
 
Forum: Investing - Help with Personal Investments
Topic: Reinvest dividends and capital gains?
Replies: 44
Views: 3957

Re: Anyone use Legal Zoom for LivingTrust?

I think there is a disparity regarding how people view estate planning here. Everyone needs some sort of planning in place for when he/she passes. I know there's a desire by some to write out his/her last check for the funeral, but that's not the way it works. Unless you really plan on burdening som...
by Artsdoctor
Sat Sep 06, 2014 10:50 am
 
Forum: Personal Finance (Not Investing)
Topic: Anyone use Legal Zoom for LivingTrust?
Replies: 75
Views: 5090

Re: Reinvest dividends and capital gains?

Sometimes it's helpful to step back and view your financial plan from a bird's eye view. There's your earnings potential (human capital), there are insurance products to maximize income, there's debt (mortgage), there's cash/emergency money, there's pensions/social security, and there's your investm...
by Artsdoctor
Fri Sep 05, 2014 8:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: Reinvest dividends and capital gains?
Replies: 44
Views: 3957

Re: Anyone use Legal Zoom for LivingTrust?

One thing I'd to throw out there: it's not just the will (and the trust and the powers of attorney) that you're getting when you hire an estate lawyer. You're also getting a name and firm that will be there when you have to exercise options that are sometimes unforeseen. Remember that Step One is dr...
by Artsdoctor
Fri Sep 05, 2014 7:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Anyone use Legal Zoom for LivingTrust?
Replies: 75
Views: 5090

Re: Six-Figure Incomes—and Facing Financial Ruin [WSJ articl

This was one of the first "aha" moments I had in my financial life, many years ago. When you are managing your finances as well as planning for your future, it's not how much to MAKE, it's how much you SPEND. This particular woman, who you have to admit is courageous by being profiled in p...
by Artsdoctor
Fri Sep 05, 2014 7:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Six-Figure Incomes—and Facing Financial Ruin [WSJ article]
Replies: 59
Views: 9476

Re: Once your house appreciates +$250k, sell it?

As noted above, the purchase price of your house is only part of the equation. Every single penny you put into the house for improvement purposes adds to the cost basis of your house. At this point, our improvements have surpassed the original cost of the house. There's a lot of room for growth ther...
by Artsdoctor
Tue Sep 02, 2014 7:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Once your house appreciates +$250k, sell it?
Replies: 42
Views: 3819

Re: Reinvest dividends and capital gains?

There's really no right answer here. Money is money, and I take any dividends and put them where they're needed: to equities, to bonds, to cash. I don't use average cost methods because it is counter-intuitive to me. If I tax loss harvest, I want the maximum loss. If I sell at a gain, I want the lea...
by Artsdoctor
Tue Sep 02, 2014 7:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Reinvest dividends and capital gains?
Replies: 44
Views: 3957
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