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Re: Vanguard Personal Advisor Service Investment Plan

The IRS rules on withdrawal of Roth IRAs are somewhat complicated but here are the official rules: http://www.irs.gov/publications/p590b/index.html Especially see "ordering rules" and "qualified distributions". I read the Ordering Rules as what we're talking about is clearly a n...
by Bfwolf
Wed Mar 04, 2015 1:42 am
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard Personal Advisor Service Investment Plan
Replies: 22
Views: 736

Re: Vanguard Personal Advisor Service Investment Plan

We're trying to retire and travel at age 50 with a withdrawal amount of $100k annually. Is this being too unrealistic? If you can get yourself to about $3+M in assets by age 50, 100K/yr would be a 3% withdrawal rate. This is assuming the OP wants to withdraw $100K a year, inflation adjusted, in 203...
by Bfwolf
Wed Mar 04, 2015 1:30 am
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard Personal Advisor Service Investment Plan
Replies: 22
Views: 736

Re: Vanguard Personal Advisor Service Investment Plan

We're trying to retire and travel at age 50 with a withdrawal amount of $100k annually. Is this being too unrealistic? This is impossible to answer without more information on how much you plan to save annually between now and then. This is why it's important to have an Investment Policy Statement ...
by Bfwolf
Wed Mar 04, 2015 1:27 am
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard Personal Advisor Service Investment Plan
Replies: 22
Views: 736

Re: Vanguard Personal Advisor Service Investment Plan

Great info for me to learn. I think the hardest decision now is how to invest the 200k: 1 Option. All into Vanguard stocks 2 Option. 100k into Vanguard stocks and the remainder to max out my wife's solo 401k. HOWEVER in 2-3 years we will be moving so she won't have her business anymore. She's has h...
by Bfwolf
Wed Mar 04, 2015 1:22 am
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard Personal Advisor Service Investment Plan
Replies: 22
Views: 736

Re: Vanguard Personal Advisor Service Investment Plan

That's genius. What a great loop hole. Is it fully legal in the eyes of IRS? I can run it by my accountant to see what her thoughts are and will update you. Your info may have just changed how I'll invest the current 200k. Thanks! As I mentioned in my edit, I'm skeptical what I laid out will actual...
by Bfwolf
Wed Mar 04, 2015 1:13 am
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard Personal Advisor Service Investment Plan
Replies: 22
Views: 736

Re: Vanguard Personal Advisor Service Investment Plan

It's my understanding that you can take out Roth IRA contributions (not the gains) at any time and not pay a penalty or be taxed. I would think, but don't know for sure, that you could also take out the Roth Solo 401k contributions (not the gains) without paying a penalty or be taxed after rolling ...
by Bfwolf
Wed Mar 04, 2015 12:51 am
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard Personal Advisor Service Investment Plan
Replies: 22
Views: 736

Re: Vanguard Personal Advisor Service Investment Plan

@Duckie: Great advice that prevented me from making a big mistake. Mathematically would it make a difference of having a total Roth TSP amount of $71k (future goal)that no longer grows since I'll be exiting the military plus a separate Roth IRA maxed out each year VS. Rolling over that $71k to my e...
by Bfwolf
Wed Mar 04, 2015 12:39 am
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard Personal Advisor Service Investment Plan
Replies: 22
Views: 736

Re: 529 Savings for MBA

Ya know, I had never thought about the strategy of utilizing a 529 to save for one's own MBA. This is a good idea. It could also prove useful for saving your internship dollars if you worked in a state that provided an income tax deduction for 529 contributions.
by Bfwolf
Tue Mar 03, 2015 11:50 pm
 
Forum: Investing - Theory, News & General
Topic: 529 Savings for MBA
Replies: 3
Views: 254

Re: VEU 3.52% vs. 5 year Treasury 1.58%

I do think the fact that the bond yield is low is relevant. If you've hit your number and have your investments that represent your number in an appropriate portfolio from a risk standpoint, then it's perfectly reasonable to look at new contributions and say "Why do I do want to invest them in ...
by Bfwolf
Tue Mar 03, 2015 11:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: VEU 3.52% vs. 5 year Treasury 1.58%
Replies: 29
Views: 1584

Re: What are Costco's best deals?

Thank you, Bfwolf! I did notice that after I had tried some new products and came back for more, they disappeared. Occasionally, they reappeared. I don't think this motivated my membership renewal. I renew, because the cost and quality of my groceries provide a good value. Victoria Victoria, I am s...
by Bfwolf
Tue Mar 03, 2015 6:59 pm
 
Forum: Personal Consumer Issues
Topic: What are Costco's best deals?
Replies: 171
Views: 12310

Re: What are Costco's best deals?

I'm skeptical of that Walmart 25% margin. That sounds awfully high for a big discounter. Maybe I'm not understanding what you mean by 'margin?' I'm sure we're talking about different margins. 25% is NOT their operating margin. 25% is merely the margin when looking at the price the manufacturer sell...
by Bfwolf
Tue Mar 03, 2015 6:26 pm
 
Forum: Personal Consumer Issues
Topic: What are Costco's best deals?
Replies: 171
Views: 12310

Re: What are Costco's best deals?

Thanks for sharing! This is based on some of your company's products carried by them? Give us more Yes, I managed several different brands of food during my tenure in this industry, and those were some of my takeaways. Another interesting thing about Costco is that they generally carry 2 different ...
by Bfwolf
Tue Mar 03, 2015 6:23 pm
 
Forum: Personal Consumer Issues
Topic: What are Costco's best deals?
Replies: 171
Views: 12310

Re: What are Costco's best deals?

I used to work in the packaged foods world where Costco was one of our biggest customers. In general, Costco's retail price per ounce was MUCH better than regular grocery stores and significantly (10% or so) better than Walmart. Walmart and Costco would watch each other closely and Walmart would scr...
by Bfwolf
Tue Mar 03, 2015 5:27 pm
 
Forum: Personal Consumer Issues
Topic: What are Costco's best deals?
Replies: 171
Views: 12310

Re: VEU 3.52% vs. 5 year Treasury 1.58%

Just to add: when VEU pays out it's 3.52% dividend, the stock price of VEU goes down 3.52%. Your total return from owning VEU (which is why you would purchase it vs other investments) is not impacted by the dividend yield.
by Bfwolf
Tue Mar 03, 2015 4:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: VEU 3.52% vs. 5 year Treasury 1.58%
Replies: 29
Views: 1584

Re: VEU 3.52% vs. 5 year Treasury 1.58%

This has nothing to do with chasing yield. It has to do with using the dividend yield of a broadly diversified index as a relative value metric. What is the difference? What I see you saying is that because VEU's yield is much higher than the 5 year treasury, VEU is a better investment. I would say...
by Bfwolf
Tue Mar 03, 2015 4:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: VEU 3.52% vs. 5 year Treasury 1.58%
Replies: 29
Views: 1584

Re: VEU 3.52% vs. 5 year Treasury 1.58%

Isn't a stock's yield a totally arbitrary and meaningless number in determining the value of the stock (or group of stocks)? If all the dividend paying stocks in VEU announced that they've decided to cut their dividend because they'd rather use the money to buy back stock instead, wouldn't that drop...
by Bfwolf
Tue Mar 03, 2015 3:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: VEU 3.52% vs. 5 year Treasury 1.58%
Replies: 29
Views: 1584

Re: Do you consider mortgage payments as savings?

Thanks. It's interesting to learn about GAAP depreciation. Of course, actual depreciation in reality will be different, usually much higher in the first year for a car. This is why my 2012 Nissan Leaf that was $38,000 currently has a $12,000 resale value. I'm so glad I leased it and did not buy :) ...
by Bfwolf
Mon Mar 02, 2015 9:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you consider mortgage payments as savings?
Replies: 232
Views: 9702

Re: Do you consider mortgage payments as savings?

Bfwolf, I had taken accounting classes. Just because accounting principle treat something as net worth, does not make it right too. What is right anyhow?? The correct question should be is it useful and relevant to your own personal financial planning?? So far, the answer is a clearly no. In fact, ...
by Bfwolf
Mon Mar 02, 2015 8:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you consider mortgage payments as savings?
Replies: 232
Views: 9702

Re: Do you consider mortgage payments as savings?

Anyway, I don't want to get too caught up in accounting principles, as it will just create frustration given the different levels of understanding we have here. But they DO apply here, and I would absolutely encourage everybody to go through the Khan Academy lessons--I can't say I've done so, but hi...
by Bfwolf
Mon Mar 02, 2015 8:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you consider mortgage payments as savings?
Replies: 232
Views: 9702

Re: Do you consider mortgage payments as savings?

The expense occurs when the expense occurs. When you buy your car, when you buy your house, when you buy something on a credit card, that's when the expense occurs. If you buy a $400,000 house, you spent $400,000 that year. If you buy a $20,000 car, you spent $20,000. How you pay for it is a second...
by Bfwolf
Mon Mar 02, 2015 8:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you consider mortgage payments as savings?
Replies: 232
Views: 9702

Re: Do you consider mortgage payments as savings?

If you asked 100 homeowners outside of BH whether their mortgage payment is an expense, my guess is that most would say yes, including both principal and interest. You're right that most homeowners would say their entire mortgage payment is an expense. But popularity of an idea doesn't make it righ...
by Bfwolf
Mon Mar 02, 2015 8:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you consider mortgage payments as savings?
Replies: 232
Views: 9702

Re: Do you consider mortgage payments as savings?

Where you are net saving or spending money over any period of time is based on your personal income statement. Income statements are governed by Generally Accepted Accounting Principles, so we can look to them for guidance. According to GAAP, interest paid on a loan is an expense, but principle repa...
by Bfwolf
Mon Mar 02, 2015 12:21 am
 
Forum: Personal Finance (Not Investing)
Topic: Do you consider mortgage payments as savings?
Replies: 232
Views: 9702

Re: TradingPlaces' advice on travel awards

Miles/points programs have suffered from significant devaluation in recent years, and there is nothing to suggest the trend will stop any time soon. So you should treat your miles/points like a currency experiencing significant inflation--you want to turn them into a purchase sooner rather than late...
by Bfwolf
Sun Mar 01, 2015 10:10 pm
 
Forum: Personal Consumer Issues
Topic: TradingPlaces' advice on travel awards
Replies: 143
Views: 8786

Re: airbnb tips?

Make sure it's legal in whatever city you plan on going to. Airbnb has been getting in a lot of hot water in certain cities for continuing to operate despite knowledge that the vast majority of its listings are illegal/contrary to zoning laws. NYC is the most well-known example, but there are other...
by Bfwolf
Sun Mar 01, 2015 9:35 pm
 
Forum: Personal Consumer Issues
Topic: airbnb tips?
Replies: 20
Views: 1578

Re: How do I learn to like sushi?

If you don't like seafood, sushi really isn't for you. Yes, you can cheat and just eat vegetable rolls.

But almost all sushi restaurants offer non-sushi entrees like teriyaki chicken. Why not just join your fellow engineers and order that instead?
by Bfwolf
Sat Feb 28, 2015 2:34 pm
 
Forum: Personal Consumer Issues
Topic: How do I learn to like sushi?
Replies: 78
Views: 4214

Re: What are Costco's best deals?

The best DEAL (i.e. compared to what I would compare elsewhere) for me is generic Zyrtec.

My favorite product is the Kirkland Signature frozen salmon fillets.
by Bfwolf
Wed Feb 25, 2015 1:20 am
 
Forum: Personal Consumer Issues
Topic: What are Costco's best deals?
Replies: 171
Views: 12310

Re: Pension vs 401K

I'm going to assume we're comparing a 401k match to a pension, as that's usually the choice companies are making. Assuming equal present value and decent 401k investment choices, I'd prefer the 401k match to the pension. It provides me with the flexibility to invest as I'd like, and when I'm older, ...
by Bfwolf
Fri Feb 20, 2015 11:55 am
 
Forum: Personal Finance (Not Investing)
Topic: Pension vs 401K
Replies: 8
Views: 511

Re: What is your favorite consumer product?

For personal care products: Arrid deoderant is by far my #1 most brand loyal product as all other deoderants give me a rash Nivea for Men sensitive shave balm Cetaphil - though there are probably store brand knock offs that I could switch to. For food: Special K Protein Plus cereal - I eat it every ...
by Bfwolf
Fri Feb 20, 2015 1:47 am
 
Forum: Personal Consumer Issues
Topic: What is your favorite consumer product?
Replies: 165
Views: 9852

Re: Need Desk chair for my office work

Question for anyone who has bought one of these off Craigslist, how can you authenticate that it is Herman Miller and not some phony knock off? can a cert of authenticity be fudged? There's a sticker on the bottom of the chair that says it's a Herman Miller and has a serial number. I'm sure it coul...
by Bfwolf
Thu Feb 19, 2015 9:19 pm
 
Forum: Personal Consumer Issues
Topic: Need Desk chair for my office work
Replies: 28
Views: 1378

Re: Changing Banks is a Royal PITA

Agreed, it's a PITA.

So next time, switch to an Internet bank. It'll be the last time you ever change.
by Bfwolf
Thu Feb 19, 2015 9:04 pm
 
Forum: Personal Consumer Issues
Topic: Changing Banks is a Royal PITA
Replies: 11
Views: 1385

Re: TradingPlaces' advice on travel awards

Victoria, If there's somewhere else in the same United region as Seoul (e.g. China) you'd like to visit in between Berlin and Seoul, you can do that with just the add'l cost of a one-way between that city and Seoul. For instance: Washington->Berlin (stopover) Berlin->Beijing (open jaw) Seoul->Washin...
by Bfwolf
Thu Feb 19, 2015 4:35 pm
 
Forum: Personal Consumer Issues
Topic: TradingPlaces' advice on travel awards
Replies: 143
Views: 8786

Re: Need Desk chair for my office work

I bought a 9 year old Aeron off Craiglist recently for my home office and it has made a world of difference. It needed some repairs which I was able to get done for free with the 10 year warranty, and the repair people came to me which made it all the easier.
by Bfwolf
Thu Feb 19, 2015 4:04 pm
 
Forum: Personal Consumer Issues
Topic: Need Desk chair for my office work
Replies: 28
Views: 1378

Re: TradingPlaces' advice on travel awards

I see that several bloggers are pitching the Chase Sapphire Preferred card, but I am leery about following their suggestions because I know they receive kickbacks from the CC companies. However, it appears that you can transfer points 1:1 while using that card to Star Alliance partners (I'm still t...
by Bfwolf
Wed Feb 18, 2015 4:07 pm
 
Forum: Personal Consumer Issues
Topic: TradingPlaces' advice on travel awards
Replies: 143
Views: 8786

Re: TradingPlaces' advice on travel awards

VictoriaF wrote:
Bfwolf wrote: they are now triple (i.e. 37.5K and 120K respectively).


75k and 120k?

Victoria


Thank you for pointing out my mistake. I've edited the original post.
by Bfwolf
Tue Feb 17, 2015 4:51 pm
 
Forum: Personal Consumer Issues
Topic: TradingPlaces' advice on travel awards
Replies: 143
Views: 8786

Re: TradingPlaces' advice on travel awards

Not sure about ORD-DUB but I know that some of the sweet Dub routes on Aer Lingus are hit by the upcoming BA devaluation. It comes into effect on 4/28 so may be worth getting on that sooner rather than later. The devaluation impacts the price of the business class awards. Instead of being double th...
by Bfwolf
Tue Feb 17, 2015 1:31 pm
 
Forum: Personal Consumer Issues
Topic: TradingPlaces' advice on travel awards
Replies: 143
Views: 8786

Re: TradingPlaces' advice on travel awards

One of the frequent flyer programs I hope to take advantage of in 2016 is British Airways. Using avios (their FF currency) on British Airways flights looks like a bust due to the high fees they charge, but using them on Oneworld partner airlines can make a lot of sense. I plan to take advantage of t...
by Bfwolf
Tue Feb 17, 2015 1:37 am
 
Forum: Personal Consumer Issues
Topic: TradingPlaces' advice on travel awards
Replies: 143
Views: 8786

Re: TradingPlaces' advice on travel awards

$60K + $80 sounds good to me too. One other thing....if you want a stopover somewhere else in Europe you may be able to arrange it without paying much more. That was my situation if I recall last year. I wanted to go to Paris, and I found that NYC-Paris-NYC was about the same cost, or maybe just a ...
by Bfwolf
Mon Feb 16, 2015 12:42 pm
 
Forum: Personal Consumer Issues
Topic: TradingPlaces' advice on travel awards
Replies: 143
Views: 8786

Re: TradingPlaces' advice on travel awards

VictoriaF wrote:- How quickly do the UR miles get transferred?


I transferred UR points to United tonight. It took about a minute to show up in the account.

I transferred UR points to Southwest a few months ago. That took several hours.
by Bfwolf
Mon Feb 16, 2015 2:01 am
 
Forum: Personal Consumer Issues
Topic: TradingPlaces' advice on travel awards
Replies: 143
Views: 8786

Re: TradingPlaces' advice on travel awards

Hi protagonist, Your experience is very useful as a benchmark for what is possible. Thank you for sharing it. Right now I have a burning question, and I wonder if you could help me with it. I have over 100k Ultimate Rewards (UR) miles in my Chase accounts. I want to use UR for an Economy round trip...
by Bfwolf
Sun Feb 15, 2015 9:48 pm
 
Forum: Personal Consumer Issues
Topic: TradingPlaces' advice on travel awards
Replies: 143
Views: 8786

Re: TradingPlaces' advice on travel awards

VesperLynd, I think there's a misconception that one needs to find creative ways to unload a Redcard. You don't. There are 2 incredibly easy to ways to unload your Redcard. One is what Victoria said: just use the Redcard to pay off the credit card you loaded the Redcard from. The other is to link y...
by Bfwolf
Sun Feb 15, 2015 9:43 pm
 
Forum: Personal Consumer Issues
Topic: TradingPlaces' advice on travel awards
Replies: 143
Views: 8786

Re: TradingPlaces' advice on travel awards

Hi Victoria, I am interested in your strategy of using the Redbird card to pay your rent. In my case, I walk the check over to my landlord's house each month. Do you see any reason why I couldn't have the check, still made out in his name, but sent back to my address, so that I can still get it in ...
by Bfwolf
Sat Feb 14, 2015 9:30 pm
 
Forum: Personal Consumer Issues
Topic: TradingPlaces' advice on travel awards
Replies: 143
Views: 8786

Re: Moving States: Incurring long-term cap gains

I'll post the details when he finishes collecting the cost basis information, without which I think it will be of limited use.

A solo 401k is definitely in the works for him going forward.
by Bfwolf
Thu Feb 12, 2015 11:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: Moving States: Incurring long-term cap gains
Replies: 17
Views: 948

Re: Moving States: Incurring long-term cap gains

Basic Math 100k of OI = 18.341k in taxes 300k of capital gains on top of that = 78600 60/300= 20% tax rate on capital gains The marginal rate on the next 300k in LTGC is 23.4%. Compare that to CA 100k of OI = 6800 in state taxes, 18.175k of feds 100k of capital gains = 16.1k in state taxes, 32k of ...
by Bfwolf
Thu Feb 12, 2015 6:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Moving States: Incurring long-term cap gains
Replies: 17
Views: 948

Re: Moving States: Incurring long-term cap gains

Why do there have to be sales at all? I wouldn't realize gains until I had to. He might die tomorrow and no one would ever pay tax on the gains. Gill He's 40, so dying tomorrow is unlikely. And with a likely long time horizon, carrying individual stocks and inefficient mutual funds isn't great. He ...
by Bfwolf
Thu Feb 12, 2015 6:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: Moving States: Incurring long-term cap gains
Replies: 17
Views: 948

Re: Moving States: Incurring long-term cap gains

I second the thought to avoid taking all of the Cap Gains in one year. A single filer with taxable income in XS of $200K is taxed an additional 3.8% at the Federal level on investment income above the $200K threshhold due to the Affordable Care Act. Pairing Cap Losses with the same amount of Cap Ga...
by Bfwolf
Thu Feb 12, 2015 3:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: Moving States: Incurring long-term cap gains
Replies: 17
Views: 948

Re: Moving States: Incurring long-term cap gains

Anybody? Well selling it all would result in him paying ~18-24% in LTGC (A lot of money well above 200k so you will pay the 3.8% and when income gets above 406k or so you move into the 20% bracket. Potential phaseouts of deductions also matter when we are talking about 600k+ of income). Move to CA ...
by Bfwolf
Thu Feb 12, 2015 3:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: Moving States: Incurring long-term cap gains
Replies: 17
Views: 948

Moving States: Incurring long-term cap gains

I have a friend who I'm helping move from a highly complex portfolio to a Bogleheadish one. He has around $1,400,000 in securities in taxable accounts. He only has the cost basis info on hand for about half of those $s, and the capital gains there is around $300,000. So I think it's safe to say that...
by Bfwolf
Thu Feb 12, 2015 1:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Moving States: Incurring long-term cap gains
Replies: 17
Views: 948

Re: Your Future According to Yale Star Robert J. Shiller

While I agree there is a disconnect between expectations for masses and realities in general (agree with the idea of call center jobs - a weird career goal to have as a child btw), I do not agree with the above viewpoint in a larger context. I was born in the early 1970s in Michigan and lived throu...
by Bfwolf
Thu Feb 12, 2015 11:47 am
 
Forum: Investing - Theory, News & General
Topic: Your Future According to Yale Star Robert J. Shiller
Replies: 86
Views: 10167
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