Search found 960 matches

by Artsdoctor
Wed Jul 01, 2015 6:52 pm
Forum: Personal Finance (Not Investing)
Topic: HSA Administrators to change custodians (currently HSA Bank)
Replies: 7
Views: 1196

Re: HSA Administrators to change custodians (currently HSA Bank)

When I read the fine print, I was also disappointed. I will be paying higher fees since our HSAs are both in the "7%". However, it's not going to be that much more and the administrative fee is waived. There is also a positive tilt, if you're using your HSA as an investment vehicle. In the...
by Artsdoctor
Tue Jun 30, 2015 8:06 pm
Forum: Investing - Theory, News & General
Topic: TIPS - Did you give up?
Replies: 67
Views: 4152

Re: TIPS - Did you give up?

^ WHY, oh why, did you ask her to look at the statement??? :shock:
by Artsdoctor
Tue Jun 30, 2015 8:04 pm
Forum: Investing - Help with Personal Investments
Topic: TIPS Fund - dividends?
Replies: 20
Views: 1482

Re: TIPS Fund - dividends?

I am struggling to understand the loyalty or devotion to this fund. I feel for a retiree who may have a material amount of capital invested in this fund with no cash flow from dividends when Total Bond, Total International Bond, etc. are providing consistent monthly dividend income. Most of the art...
by Artsdoctor
Tue Jun 30, 2015 7:54 pm
Forum: Investing - Theory, News & General
Topic: TIPS - Did you give up?
Replies: 67
Views: 4152

Re: TIPS - Did you give up?

I don't own a TIPS fund but I have individual TIPS that will provide basic living expenses from age 65 to 85.
by Artsdoctor
Tue Jun 30, 2015 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: How to predict state taxes to help decide where to live
Replies: 20
Views: 1544

Re: How to predict state taxes to help decide where to live

I would be loathe to relocate based on state income tax alone. There are so many factors to consider (more than just state income tax) so at the very least, do your basic research to at least get a sense of what type of taxes affect retirees. Start with the AARP website: http://www.aarp.org/money/ta...
by Artsdoctor
Wed Jun 24, 2015 7:27 pm
Forum: Investing - Help with Personal Investments
Topic: Holding a LifeStrategy Fund in a Taxable Account
Replies: 18
Views: 1896

Re: Holding a LifeStrategy Fund in a Taxable Account

He has considerable assets and he's young enough that his needs will change over several decades. Holding a Life Strategy fund in a taxable account is just a mistake. He'll have no control over re-balancing, fund make-up, or taxes. If he were to invest $200,000 into the fund now, he'd presumably be ...
by Artsdoctor
Wed Jun 24, 2015 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: [CNBC article: Social Security Denying Delayed Benefits]
Replies: 23
Views: 3193

Re: [CNBC article: Social Security Denying Delayed Benefits]

I've read "Get What's Yours" and I agree: it's written in pretty dramatic prose and sometimes is over the top. However, the book was really written for the general public, and the vast majority of retirees really know nothing about social security. He's trying to make it understandable, an...
by Artsdoctor
Tue Jun 23, 2015 7:37 pm
Forum: Investing - Help with Personal Investments
Topic: Holding a LifeStrategy Fund in a Taxable Account
Replies: 18
Views: 1896

Re: Holding a LifeStrategy Fund in a Taxable Account

LifeStrategy funds are sometimes very inefficient from a tax point of view. The advantage of a LS fund is that it's rebalancing and keeping the asset allocation pretty constant. The disadvantage is that can create capital gains distributions which are unwanted. Each fund is different, but take a loo...
by Artsdoctor
Mon Jun 22, 2015 7:50 pm
Forum: Investing - Help with Personal Investments
Topic: Best Advice [Best single piece of advice to give a new investor]
Replies: 56
Views: 4423

Re: Best Advice

^ Half of your pre-tax income from age 16 on? That's pretty brutal! If you're a beginner, it's easy to get caught up in minutiae and emotion. There are a lot of pearls of wisdom that you'll find here. Mine to you would be stay focused on the BIG picture and LONG-TERM goals. By definition, tune out t...
by Artsdoctor
Mon Jun 22, 2015 7:44 pm
Forum: Investing - Help with Personal Investments
Topic: Use Roth IRA to remodel house?
Replies: 18
Views: 2020

Re: Use Roth IRA to remodel house?

Tough crowd! It's not stupid to think about it, and it's definitely not stupid to come here and ask. It's ill-advised. There are plenty of ways to finance a renovation if you must. Try to do everything you can to never touch your retirement savings, especially funds in a tax-deferred or Roth account...
by Artsdoctor
Tue Jun 16, 2015 7:04 pm
Forum: Personal Consumer Issues
Topic: "Phantom" Tipping
Replies: 68
Views: 10729

Re: "Phantom" Tipping

I'm surprised. Since I reconcile my receipts with my business account very frequently, I have actually never seen on any of my bills that I've reconciled over many years. It's one thing to add extra fees (like health care charges for employees) but it's another to actually change the amount you left...
by Artsdoctor
Tue Jun 16, 2015 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: Tax savings of moving to no income tax state
Replies: 24
Views: 3366

Re: Tax savings of moving to no income tax state

^ Given his income, he's probably subject to AMT. State income tax and residential property taxes are not allowed in the AMT.
by Artsdoctor
Thu Jun 11, 2015 11:33 am
Forum: Personal Finance (Not Investing)
Topic: Individual bonds in IRA of deceased
Replies: 4
Views: 411

Re: Individual bonds in IRA of deceased

You might want to rethink "multiple beneficiaries." One or two, maybe. But are you talking 5 or 6?

Anything's doable, but you're right to think about logistics.
by Artsdoctor
Thu Jun 11, 2015 11:30 am
Forum: Personal Consumer Issues
Topic: Non-Bogleheads approach to changing cars?
Replies: 44
Views: 4886

Re: Non-Bogleheads approach to changing cars?

On many, many things, I'm a Boglehead through and through. Regarding cars, though, I am not. I've leased a car for years because it's been advantageous from a tax point of view, but I've also bought them. They're not cheap and I don't scrimp. To me, the first and foremost priority is safety. There a...
by Artsdoctor
Wed Jun 10, 2015 8:22 am
Forum: Personal Finance (Not Investing)
Topic: HSA Contribution Question - Family Plan
Replies: 31
Views: 1382

Re: HSA Contribution Question - Family Plan

Provided you have the right type of plan through your employer, the contributions would decrease federal, state (in most cases), FICA, and Medicare taxes. If your salary is $130,000, your contribution wouldn't bring you down to $118,500 so your FICA taxes wouldn't be decreased; however, your Medicar...
by Artsdoctor
Tue Jun 09, 2015 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: HSA Contribution Question - Family Plan
Replies: 31
Views: 1382

Re: HSA Contribution Question - Family Plan

Take a look at Form 8889 itself, in addition to the instructions. There is nothing vague about it: If the OP has a family plan in place on December 1, 2015, he and his family are covered. He can take the entire $6,650 and put it into his HSA. He will file Form 8889 and declare that contribution acco...
by Artsdoctor
Tue Jun 09, 2015 7:11 pm
Forum: Personal Finance (Not Investing)
Topic: HSA Contribution Question - Family Plan
Replies: 31
Views: 1382

Re: HSA Contribution Question - Family Plan

Bogleviewer, Please go right to the source: http://www.irs.gov/pub/irs-pdf/i8889.pdf In particular, you'll find that if you have a family plan, you can divide the contributions anyway you'd like between you and your spouse. It's just that the maximum contribution between the two of you cannot exceed...
by Artsdoctor
Tue Jun 09, 2015 5:05 pm
Forum: Investing - Help with Personal Investments
Topic: Question Concerning Risk Portfolio and Liability Matching Portfolio
Replies: 3
Views: 437

Re: Question Concerning Risk Portfolio and Liability Matching Portfolio

Antigueman, I've removed my LMP from my portfolio's AA completely. It is what it is and I don't even "mark to market" since there would have to be extremely circumstances before I'd consider selling anything in my LMP. The Risk Portfolio is a classic 60/40 split for me and if the markets a...
by Artsdoctor
Mon Jun 08, 2015 5:23 pm
Forum: Investing - Theory, News & General
Topic: Vanguard International Index vs. Tax-Managed International
Replies: 10
Views: 1893

Re: Vanguard International Index vs. Tax-Managed International

Nola, Yes, that information is indeed outdated. The Total International Stock fund will distribute dividends each year, about 75% are considered qualified dividends, and you will receive a foreign tax credit. The Tax-Managed International fund ceased to exist and it's now the Developed Markets fund....
by Artsdoctor
Sun Jun 07, 2015 10:49 am
Forum: Investing - Theory, News & General
Topic: Vanguard: DCA'ing into Fixed Income Offers Little Benefit
Replies: 9
Views: 1588

Re: Vanguard: DCA'ing into Fixed Income Offers Little Benefit

I believe I prefaced my statement with: "However, there are times when a lump sum is in your possession. What to do with it? Studies would argue that investing it all at once will result in a higher return MOST OF THE TIME. After all, the reason we're all in investing anything is because we'd l...
by Artsdoctor
Fri Jun 05, 2015 9:41 am
Forum: Investing - Theory, News & General
Topic: Vanguard: DCA'ing into Fixed Income Offers Little Benefit
Replies: 9
Views: 1588

Re: Vanguard: DCA'ing into Fixed Income Offers Little Benefit

Realistically, most people DCA because they have to; during the accumulation years, most people contribute with each paycheck. However, there are times when a lump sum is in your possession. What to do with it? Studies would argue that investing it all at once will result in a higher return MOST OF ...
by Artsdoctor
Wed Jun 03, 2015 7:52 pm
Forum: Investing - Theory, News & General
Topic: 30 year tips auction: 6/11; yield 1.125%?
Replies: 36
Views: 4789

Re: 30 year tips auction: 6/11; yield 1.125%?

Oh I definitely know what you're talking about there. I'm not saying that I've arranged for all of my investments to run out as I near the end of my 85th year. However, I'll have a much clearer idea how things look when I'm in my early 70s; I like the idea of rolling 10-year TIPS (buying at 57, then...
by Artsdoctor
Wed Jun 03, 2015 7:44 pm
Forum: Investing - Help with Personal Investments
Topic: Execute large lump sum taxable account mutual fund purchases now or wait for June quarterly distribution?
Replies: 20
Views: 1436

Re: Execute large lump sum taxable account mutual fund purchases now or wait for June quarterly distribution?

All you're doing is moving money around. There's no reason to buy your equity fund shares now in your taxable account when you already have them in your IRA. Wait until after the distribution and THEN do it. Save yourself a few hundred bucks in taxes. Although Total Stock's distributions have been p...
by Artsdoctor
Wed Jun 03, 2015 7:35 pm
Forum: Investing - Theory, News & General
Topic: 30 year tips auction: 6/11; yield 1.125%?
Replies: 36
Views: 4789

Re: 30 year tips auction: 6/11; yield 1.125%?

Grok, Alas, my days of buying 30-year TIPS are over. I have my ladder nearly completed that takes me from 65-85 and change, but I've decided to do rolling 10-year TIPS after that, if I'm healthy enough to justify it. I-bonds are fine, as questioned above, but you're so restricted by quantity that th...
by Artsdoctor
Tue Jun 02, 2015 6:34 pm
Forum: Investing - Help with Personal Investments
Topic: ROTH IRA Confusion
Replies: 11
Views: 1395

Re: ROTH IRA Confusion

The Fairmark table is the best table I've seen. Radiowave, you'd be able to withdraw $50,000 from that Roth without tax or penalty. There is one thing I want to make sure of, however. There are some people who open a Roth IRA at age 65 and fund it with a conversion from an IRA. Just to be clear, if ...
by Artsdoctor
Tue Jun 02, 2015 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: Retired & buying house in new location - Mortgage or Pay cash?
Replies: 10
Views: 1510

Re: Retired & buying house in new location - Mortgage or Pay cash?

I'd pay cash but you'll have to do more math to figure where the money's going to come from. Can you sell something in your taxable account which would generate minimal or no capital gains? Do you have individual bonds or CDs which will mature soon? Although cash, to me, would be preferable, I would...
by Artsdoctor
Mon Jun 01, 2015 6:53 pm
Forum: Personal Consumer Issues
Topic: Retirement and Proximity to "Teaching Hospitals"
Replies: 44
Views: 4235

Re: Retirement and Proximity to "Teaching Hospitals"

Great topic. As a doctor, I can't imagine living somewhere so removed that I'd have to be helicoptered out for medical care--although I have no problem personally taking vacations in remote regions of the globe. I think it's a matter of statistics. And I have evacuation insurance! There are plenty o...
by Artsdoctor
Mon Jun 01, 2015 6:32 pm
Forum: Investing - Theory, News & General
Topic: Clements blog-dividend stocks for retirement income
Replies: 58
Views: 5324

Re: Clements blog-dividend stocks for retirement income

I'm skeptical Jonathan Clements wrote the title; that would most likely have come from the editor. Clements is usually one of the most level-headed columnists out there but this particular article wasn't one I actually agreed with him on. A friendly debate regarding switching out your Total Stock Ma...
by Artsdoctor
Mon Jun 01, 2015 5:56 pm
Forum: Personal Consumer Issues
Topic: Home Improvement Projects
Replies: 9
Views: 1566

Re: Home Improvement Projects

Always cash.
by Artsdoctor
Wed May 27, 2015 7:15 pm
Forum: Investing - Help with Personal Investments
Topic: Roth conversion 5 year rule
Replies: 15
Views: 1389

Re: Roth conversion 5 year rule

The Kitces article above is excellent in that it very clearly spells out the differences between a CONTRIBUTION and a CONVERSION. It is very clear that after you're 59-1/2, you have essentially no restrictions on distributions but I have a question about a possible exception. One management tool som...
by Artsdoctor
Wed May 27, 2015 5:18 pm
Forum: Personal Consumer Issues
Topic: Recommend Anti-Virus/Internet Security Suite Please
Replies: 16
Views: 1414

Re: Recommend Anti-Virus/Internet Security Suite Please

You might consider searching some of the computer websites. Kaspersky versus Bitdefender seems to be the ubiquitous argument. I've used Kaspersky for years and it's advocated by our hospital (also Kaseya version).
by Artsdoctor
Wed May 27, 2015 5:08 pm
Forum: Investing - Help with Personal Investments
Topic: EE/I Bonds purchase question
Replies: 9
Views: 767

Re: EE/I Bonds purchase question

Yes, you're going to probably find nothing more than 1-1.05% at this point. However, the money is completely liquid and it's FDIC-insured. Take a look at the FDIC limits just to be safe ($250,000 max per person per bank).
by Artsdoctor
Wed May 27, 2015 4:06 pm
Forum: Investing - Help with Personal Investments
Topic: EE/I Bonds purchase question
Replies: 9
Views: 767

Re: EE/I Bonds purchase question

Rag, Take your time and do your reading on investing. The Wiki here is an excellent place to start. Right now, you can earn 1% or slightly more on an FDIC-insured savings account so at least park your money there while you're studying personal finance! However, if it's over $250,000 in cash, you'll ...
by Artsdoctor
Wed May 27, 2015 3:59 pm
Forum: Investing - Help with Personal Investments
Topic: Would you compliment 500 Index with Extended Market or Tax Advantaged Small Cap?
Replies: 15
Views: 1649

Re: Would you compliment 500 Index with Extended Market or Tax Advantaged Small Cap?

Because of tax-loss harvesting in 2008-2009, I've had Large Cap and Tax-Adv Small Cap in a taxable account. The Tax-Advantage Small Cap fund is extraordinarily tax-efficient with minimal dividends distributed throughout the year. If you're in a very high tax bracket, this can be helpful. All of that...
by Artsdoctor
Wed May 27, 2015 3:48 pm
Forum: Personal Consumer Issues
Topic: Downside of placing a credit freeze?
Replies: 21
Views: 2515

Re: Downside of placing a credit freeze?

Z: The Social Security issue is not a real issue. When you place a freeze, organizations that have contributed to your history and that have used the credit bureaus for your information in the past will continue to have access. However, your credit information will be blocked to new inquiries. For S...
by Artsdoctor
Mon Apr 13, 2015 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Household Gross Income Poll
Replies: 134
Views: 13634

Re: Household Gross Income Poll

I guess my primary problem with the poll is trying to understand what sort of information you're hoping to get from it. From one doctor to another, I'm just trying to figure out what the conclusion you're going to draw here might be. I'm surrounded by colleagues who make hundreds of thousands of dol...
by Artsdoctor
Sun Apr 12, 2015 6:54 pm
Forum: Investing - Theory, News & General
Topic: Hypothetical End Game Scenario w/ 5M retirement account
Replies: 74
Views: 8115

Re: Hypothetical End Game Scenario w/ 5M retirement account

Wisdom Seeker, You're having a panic attack. You need to pull yourself together and relax. You'll be fine. No point in belaboring some of the previous posts but two things: 1. Income taxes are not being paid on all of your money going into a tax-deferred account. You will pay to get it out of those ...
by Artsdoctor
Sun Apr 12, 2015 6:25 pm
Forum: Investing - Help with Personal Investments
Topic: I-Bonds vs EE Bonds vs TIPS vs Treasuries - 20 years
Replies: 22
Views: 2089

Re: I-Bonds vs EE Bonds vs TIPS vs Treasuries - 20 years

^ Yes, in fact one of the primary reasons I invest in individual TIPS is because of the principal accrual. However, I just don't want to have to pay income tax for that accrual every year when all I have to show for it is a paper gain. I can't know what our marginal tax rate will be once we stop wor...
by Artsdoctor
Sun Apr 12, 2015 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone semi-retired? What's it like?
Replies: 16
Views: 2685

Re: Anyone semi-retired? What's it like?

I've worked three days a week for over a year and love it. I have no trouble "filling up" those days off but I've learned a lot myself and others. I'm in my late 50s. For me, my days off are more fulfilling if I have a plan for the day. It can entail hiking or biking, but you can sometimes...
by Artsdoctor
Sun Apr 12, 2015 5:00 pm
Forum: Investing - Help with Personal Investments
Topic: I-Bonds vs EE Bonds vs TIPS vs Treasuries - 20 years
Replies: 22
Views: 2089

Re: I-Bonds vs EE Bonds vs TIPS vs Treasuries - 20 years

^ For me, paying income tax on income that does nothing for me (the "phantom income" described above) doesn't fit with my investment plan. Delaying income tax payment as long as possible works best for me, but others may find that it makes little to no difference to them.
by Artsdoctor
Sun Apr 12, 2015 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: Would you refinance to save 0.25%?
Replies: 23
Views: 2199

Re: Would you refinance to save 0.25%?

I'm sorry to sound cynical but I suspect that your mortgage broker "reached out" to you to make some money. I can't give you a deal personally, but a quick perusal online would suggest that you could do better than 4% on your own (no fees or points), if you're inclined to do that legwork. ...
by Artsdoctor
Sun Apr 12, 2015 4:12 pm
Forum: Investing - Theory, News & General
Topic: Stop contributing, and cash out your 401
Replies: 16
Views: 2932

Re: Stop contributing, and cash out your 401

I also did a double-take. Vanguard Financial Services in Florida has nothing to do with "our" Vanguard. If you're inclined, you can always write something on Amazon's website in order to steer people away from her. But I don't think our Vanguard can actually sue her (though if there's a Va...
by Artsdoctor
Sun Apr 12, 2015 4:06 pm
Forum: Investing - Help with Personal Investments
Topic: I-Bonds vs EE Bonds vs TIPS vs Treasuries - 20 years
Replies: 22
Views: 2089

Re: I-Bonds vs EE Bonds vs TIPS vs Treasuries - 20 years

James, Everyone's tax situation is different, but in an effort to be "tax-efficient," consider holding TIPS and STRIPS in your tax-advantaged accounts and I-bonds (or EE-bonds) in a taxable account. This taxable account containing I- and EE-bonds effectively increases your "tax-advant...
by Artsdoctor
Sun Apr 12, 2015 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: Household Gross Income Poll
Replies: 134
Views: 13634

Re: Household Gross Income Poll

Is this really "actionable"? The number is respondents is tiny and using Line 22 of the 1040 is often meaningless (it excludes tax-exempt income, it counts NET income after tax-deferred savings and not GROSS income, it neglects income that has been sheltered in C/S corps, etc.). And is the...
by Artsdoctor
Sun Apr 12, 2015 1:53 pm
Forum: Investing - Help with Personal Investments
Topic: Is not utilizing taxable space for long-term investing wise?
Replies: 11
Views: 1294

Re: Is not utilizing taxable space for long-term investing w

If you have no investments in a taxable account, you lose the ability to donate appreciated shares in the future, you lose the ability to tax-loss harvest, and you lose tax diversification in retirement. It is usually most beneficial to contribute the maximum amount each year to a tax-advantaged acc...
by Artsdoctor
Tue Apr 07, 2015 6:58 pm
Forum: Personal Finance (Not Investing)
Topic: Difficult to answer tax and residency question
Replies: 19
Views: 1406

Re: Difficult to answer tax and residency question

Here is the NY Division of Tax Appeals decision in the Julian Robertson case: http://s.wsj.net/public/resources/documents/wsj_NYSTDTADtr091103.pdf. Here is the Wall Street Journal story on it: http://www.wsj.com/articles/SB125729222815826639. I had a case once where New York wanted over $10 million...
by Artsdoctor
Tue Apr 07, 2015 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: Cost basis of land inherited from spouse
Replies: 9
Views: 784

Re: Cost basis of land inherited from spouse

Is your dad a resident of a community property state? If so, the cost basis could be adjusted accordingly.
by Artsdoctor
Tue Apr 07, 2015 3:47 pm
Forum: Investing - Help with Personal Investments
Topic: TLH + HSA?
Replies: 5
Views: 732

Re: TLH + HSA?

Bobble, I also have my HSA with HSA Administrators (through HSA Bank). Be aware that they charge you up to $16 per quarter PER FUND, depending on the balance. It's almost always better to hold a single fund in your account. For many years, I used VTSAX as the only fund but about three years ago swit...
by Artsdoctor
Thu Mar 26, 2015 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: Removing an asset from a living trust: Taxable event ??
Replies: 12
Views: 1279

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

Please let me clarify above. I can't comment on pre-nups or the titling of assets before and during marriage (or being attached in a community property state). There may be a way to separate assets for protective purposes outside of a trust, and I am only speaking to the concept of potential asset p...

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