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Re: After tax money to be left to Grandchildren

You might be able to add a simple codicil to the trust stating that distribution should take place when the youngest reaches Age xx. My in-laws did codicils to their trusts to change personal representatives and only needed notarized signatures to make the changes. Great info. Appreciate it very mu...
by Billyboy
Wed Dec 10, 2014 6:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: After tax money to be left to Grandchildren
Replies: 15
Views: 1963

Re: After tax money to be left to Grandchildren

I agree that Target Retirement is a good, simple way to go. You could also replicate it with total stock, total international and CA muni's. Bonds pay so little now I don't think it would make much difference. A comment about your trust. I think I would have set it up so that it pays out to both at...
by Billyboy
Tue Dec 09, 2014 6:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: After tax money to be left to Grandchildren
Replies: 15
Views: 1963

Re: After tax money to be left to Grandchildren

I would go with the Target Retirement option as well. The bonds will be minimal so the costs will be low. I don't think this will move off of 90/10 for 20 years or more. Let's just say the kids are now the owners of the account but they have no interest in investing. They just want to leave along w...
by Billyboy
Mon Dec 08, 2014 11:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: After tax money to be left to Grandchildren
Replies: 15
Views: 1963

Re: After tax money to be left to Grandchildren

kaudrey, Will probably go all in as you suggest. Have gone all in before as well as have dollar cost averaged. It's really a toss up. No crystal ball for sure. imgritz, I was, infact leaning toward Total Stock Market/Total International Stock Market with a muni for the bond portion in that this is ...
by Billyboy
Mon Dec 08, 2014 7:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: After tax money to be left to Grandchildren
Replies: 15
Views: 1963

Re: After tax money to be left to Grandchildren

Thanks to all for your thoughts. I'm getting quite a few different views, which I was hoping for. I was leaning towards Total Stock Market and Total International Stock Market for growth; however, whichever way I go, the age old problem pops up as to method of investing, all in, dollar cost average ...
by Billyboy
Fri Dec 05, 2014 8:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: After tax money to be left to Grandchildren
Replies: 15
Views: 1963

Re: After tax money to be left to Grandchildren

Thanks boro for your input. :D Not certain about having bonds for growth.
Any other thoughts anyone?
by Billyboy
Fri Dec 05, 2014 4:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: After tax money to be left to Grandchildren
Replies: 15
Views: 1963

After tax money to be left to Grandchildren

Hello all, Need some constructive recommendations to help my wife and I decide on what investments to use in our taxable account to best provide for our two Grandchildren. Our Granddaughter is 8 yrs. old and our Grandson is 5 yrs. old. They are the children of each of our two daughters who will not ...
by Billyboy
Fri Dec 05, 2014 2:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: After tax money to be left to Grandchildren
Replies: 15
Views: 1963

Re: Eliminating my TIPS fund~alternatives?

There are additional complexities here. When you compare duration of TIPS, to duration of Total Bond Index, you are comparing two different things. For nominal bonds - the duration is sensitivity to nominal interest rates, for TIPS, the duration is the sensitivity to real interest rates. In additio...
by Billyboy
Tue Nov 25, 2014 4:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: Eliminating my TIPS fund~alternatives?
Replies: 12
Views: 1258

Re: Eliminating my tip fund~alternatives?

If there are others out there who would be willing to look at my follow-up question, crazy or not, as to splitting Tips, S-T with Intermediate-Term~50/50, I would appreciate your take. :o Thanks, Bill I'm willing. I've read on other posts that investing in two nominal bond funds 50/50 as you mentio...
by Billyboy
Tue Nov 25, 2014 3:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Eliminating my TIPS fund~alternatives?
Replies: 12
Views: 1258

Re: Tax help needed

Thanks to all who answered.
Bill
by Billyboy
Tue Nov 25, 2014 1:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tax help needed
Replies: 4
Views: 731

Re: Eliminating my tip fund~alternatives?

I'm guessing you're looking at the recent returns from both funds and thinking the longer duration TIPS fund "returns more." Well, over the brief lifetime of both funds, it could easily have gone the other way over such a short timeframe. Probably over the very long term, the longer durat...
by Billyboy
Tue Nov 25, 2014 1:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: Eliminating my TIPS fund~alternatives?
Replies: 12
Views: 1258

Re: Eliminating my tip fund~alternatives?

Thanks to all for your follow-up. Would there be any point of splitting Tips; half Short-Term Tips (VTAPX) with an avg. duration of 2.4 yrs. and half Intermediate-Term Tips (VAIPX) with an avg. duration of 8.0 yrs.? I presume, using the same dollar amount in each fund you could say the avg. duration...
by Billyboy
Mon Nov 24, 2014 6:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Eliminating my TIPS fund~alternatives?
Replies: 12
Views: 1258

Tax help needed

Hello all, Looking forward slightly, how do I account for the following two Funds when using Vanguard's supplied Deluxe Federal and State Turbo Tax? 1. Vanguard Intermediate-Term Tax-Exempt Investor Share VWITX. 2. Vanguard CA Intermediate-Term Tax-Exempt Admiral Shares VCADX Any info you can supply...
by Billyboy
Sun Nov 23, 2014 6:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tax help needed
Replies: 4
Views: 731

Re: Suggestions as I maximize my tax advantage accounts?

bump again for answers. lots of prep work involved here.
by Billyboy
Sun Nov 23, 2014 5:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: Suggestions as I maximize my tax advantage accounts?
Replies: 5
Views: 980

Re: Eliminating my tip fund~alternatives?

in_reality, Ok you bought something you didn't understand. Isn't selling something you don't understand a similar mistake. Anyway, you are talking about switching ST for intermediate term AND tips for regualr bonds. I would think about intermediate tips before throwing out the tips holding completel...
by Billyboy
Fri Nov 21, 2014 3:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: Eliminating my TIPS fund~alternatives?
Replies: 12
Views: 1258

Eliminating my TIPS fund~alternatives?

Hi all, My current Asset Allocation is 52% Equities, 38.7% Bonds and 9.3% made up of CD's, a Savings Acct. and a MMF. The 38.7% in Bonds are made up of 100% in Vanguard Bond Funds, largely consisting of Vanguard's Total Bond Market Index Admiral Shares VBTLX with a .08 ER. 18.8% of the Bond Funds ar...
by Billyboy
Fri Nov 21, 2014 2:39 am
 
Forum: Investing - Help with Personal Investments
Topic: Eliminating my TIPS fund~alternatives?
Replies: 12
Views: 1258

Re: Pension and asset allocation

To me, it seems like common sense that if your basic expenses are covered by reliable sources such as SS and defined benefit pensions, then you can afford to allocate more of your portfolio to equities. As far as how to value such income streams, anyone who took a basic finance course can do a net ...
by Billyboy
Sun Nov 16, 2014 6:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Pension and asset allocation
Replies: 16
Views: 2335

Re: which bond fund should I use?

Don't think I would use all 40% in the above though!
by Billyboy
Tue Oct 14, 2014 2:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: which bond fund should I use?
Replies: 7
Views: 753

Re: which bond fund should I use?

Because I live in California and have a 9.3% state tax bracket and the fact I received quite a bit of feedback from Bogleheads on a separate thread, I chose the Vanguard California Intermediate-Term Tax-Exempt Fund Admiral Shares (VCADX) .12 ER for my taxable account.
Bill
by Billyboy
Tue Oct 14, 2014 2:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: which bond fund should I use?
Replies: 7
Views: 753

Re: Question re: RMD

I had mine set up by Vanguard. I have it distributed monthly. I can also go to the Vanguard RMD site and skip a month, etc., as long as the req'd yearly amt. is distributed for the year.
Bill
by Billyboy
Mon Oct 13, 2014 2:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: Question re: RMD
Replies: 19
Views: 1440

Re: Leaning towards buying a 1-BR condo in Bay Area

One of my daughters lived in various areas of SF over a period of 12 or so years. What stands out to me the most was the lousy parking situation. If you are lucky enough to have a designated parking spot, that's worth extra $$'s and you've won half the parking battle. Any visitors may have to hunt f...
by Billyboy
Mon Oct 13, 2014 1:52 pm
 
Forum: Personal Consumer Issues
Topic: Leaning towards buying a 1-BR condo in Bay Area
Replies: 21
Views: 2160

Re: Inflation and Total Bond Market Index

Bogleheads: There is a general misconception that when inflation increases, bonds must decline. Listed below are the historical U.S. inflation rates (CPI-U) and total returns for the Aggregate Bond Index since the Index inception: YEAR----INFLATION----BOND INDEX 1976-------4.9%--------15.6% 1977---...
by Billyboy
Sun Oct 12, 2014 2:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: Stable Income Fund vs. Total Bond Market
Replies: 32
Views: 2529

Re: What to use in Taxable Acct?

selling your vanguard intermediate tax exempt (not CA exempt) and swapping it for the CA exempt could be a very good idea. Just check: - If the effective after tax rate on the CA exempt is really higher (it usually is) - if there are any big unrealized capital gains on the fund that you'd recognize...
by Billyboy
Tue Oct 07, 2014 11:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: What to use in Taxable Acct?
Replies: 8
Views: 1605

Re: mutual fund calculator?

backpacker,
Great calculator! 8-)
Thanks,
Bill
by Billyboy
Mon Oct 06, 2014 1:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: mutual fund calculator?
Replies: 3
Views: 539

Re: What to use in Taxable Acct?

with your current 11% cash allocation, I assume you have an ample cushion of spending cash separate? If this money is being continusly drawn from it would make taxes more complicated. if you want bonds in your taxable, I'd go with CA exempt bonds also. However, consider this too: 1) sell some stock...
by Billyboy
Fri Oct 03, 2014 2:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: What to use in Taxable Acct?
Replies: 8
Views: 1605

Re: What to use in Taxable Acct?

David,
Thank you very much for your explanations. You've been very helpful. You've taken me from :confused to :) so I'm going to have a :beer, not really, but I'll have a cup of coffee, being it's only 9:50 am
here in California.
Bill
by Billyboy
Fri Oct 03, 2014 11:50 am
 
Forum: Investing - Help with Personal Investments
Topic: What to use in Taxable Acct?
Replies: 8
Views: 1605

Re: Do you deviate from the BH philosophy?

Yes and no. I own several individual stocks. One I've held for over 39 yrs. and has a 0 cost basis due to distributions. It's in an IRA, so will have to pay taxes if and when liquidated. The other one, I've held about 4 yrs. and pays 11% in dividends based on my original cost, also held in an IRA. I...
by Billyboy
Thu Oct 02, 2014 2:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: Do you deviate from the BH philosophy?
Replies: 64
Views: 4335

Re: What to use in Taxable Acct?

Given the high CA state taxes, I would recommend using the CA tax-exempt fund for your taxable bond allocation if you do decide to hold taxable bonds. You might also use I-Bonds, which are exempt from CA tax, and which defer the federal tax until you cash them in. You could also use the cash to buy...
by Billyboy
Thu Oct 02, 2014 11:32 am
 
Forum: Investing - Help with Personal Investments
Topic: What to use in Taxable Acct?
Replies: 8
Views: 1605

What to use in Taxable Acct?

Hello all, I'm retired with no Tax Deferred space left. I'm currently 52% Equities/37% Bonds/11% Cash. I would like to reallocate to 52% Equities/48% Bonds. My tax bracket is 25% Fed. 9.3% State (CA.) I'm looking to put the 11% cash, which is taxable , into bonds at this time. Currently I have 4% of...
by Billyboy
Wed Oct 01, 2014 7:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: What to use in Taxable Acct?
Replies: 8
Views: 1605

Re: Suggestions for Portfolio Tracker

I use Morningstar. Whenever I've had questions on its use, they've answered them promptly. I enter everything manually on Morningstar because I prefer to do it that way. I also use my Bank of America accounts online Investments Tool. They imported my accounts, (Vanguard and Ally Bank) and tract ever...
by Billyboy
Thu Sep 25, 2014 10:52 am
 
Forum: Investing - Help with Personal Investments
Topic: Suggestions for Portfolio Tracker
Replies: 15
Views: 1081

Re: Help with Asset Allocation and a large stock position

@OpenRoad - as a bystander to this thread with no financial interest at stake, it seems like you very quickly seized upon BigJohn's suggestion to include your company stock in your investment portfolio. That was your original option (1). I didn't read in your replies any real consideration of Scira...
by Billyboy
Mon Sep 08, 2014 1:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with Asset Allocation and a large stock position
Replies: 23
Views: 2338

Re: Which bond ETFs do you have?

None! I use all Vanguard Bond mutual funds. No plans to use ETFs for either bonds or equities.
by Billyboy
Sun Sep 07, 2014 11:37 am
 
Forum: Investing - Help with Personal Investments
Topic: Which bond ETFs do you have?
Replies: 19
Views: 1884

Re: Anyone used Vanguard Flagship Services With Portfolio $1

I like the convenience of having a single contact. He's available whenever I've needed a question answered. He seems to remember any personal things we've discussed over the years. He probably has them at his fingertips or on recording. ha. I do use Turbo Tax yearly and do some trading with the 25 t...
by Billyboy
Sat Aug 30, 2014 7:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: Anyone used Vanguard Flagship Services With Portfolio $1M+
Replies: 41
Views: 4472

Re: Ally Bank CD

I've held a CD ladder with Ally as well as a savings account. I've since cashed in one CD upon the renewal date because they have lowered their bonus amount for renewing. As the other three CD's come due I plan not to renew them and I will transfer the cash back to my taxable Vanguard MM fund for fu...
by Billyboy
Wed Aug 27, 2014 9:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Ally Bank CD
Replies: 12
Views: 1742

Re: Bond fund in taxable account (CA resident)

I just switched my VMMXX Money Market Fund to the Vanguard Intermediate-Term Tax-Exempt Inv. Share. (VWITX)
by Billyboy
Mon Aug 25, 2014 7:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Bond fund in taxable account (CA resident)
Replies: 14
Views: 1165

Re: Which Vanguard BOND Fund ?

If I may ask, as I'm also in the distribution phase, can you provide the percentages you hold in your mix of Investment Grade, Total Bond Market, Short-Term bond funds, SPIAs and cash? I also see you may not hold any TIPS. If you don't, can you give me your reasoning? I enjoy comparing other's pers...
by Billyboy
Thu Aug 21, 2014 6:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: Which Vanguard bond Fund ?
Replies: 36
Views: 3350

Re: Which Vanguard BOND Fund ?

A number of Bogleheads do not see the Total Bond Fund as the apporpriate sole bond fund to hold. These doubters include Jack Bogle and Larry Swedroe (who have different reasons for not liking it). There have been many threads on this forum discussing this subject. The risks of corporate bonds have ...
by Billyboy
Thu Aug 21, 2014 3:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Which Vanguard bond Fund ?
Replies: 36
Views: 3350

Changes in AA, Stks, Bonds Using B/4 & After Tax Holdings

Hello Boglehead Followers, I would appreciate suggestions and/or recommendations on our AA and Stock, Bond and Cash holdings in order to become more tax efficient, etc. Current allocation is 51.5% Equities, 40.5% Bonds, 8.0% Various Cash Reserves (see below). Suggested asset allocation? Not sure whe...
by Billyboy
Sat Aug 16, 2014 3:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: Changes in AA, Stks, Bonds Using B/4 & After Tax Holdings
Replies: 0
Views: 149

Re: December RMD Withdrawal Timing Question

If you are not in a safe harbor for the underpayment of estimated tax, then you should be making estimated tax payments. Now the withholding from the RMDs you are taking might well be sufficient to keep you safe. I like to have my own tax software on my computer so that I can make a fake return for...
by Billyboy
Thu Aug 07, 2014 10:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: December RMD Withdrawal Timing Question
Replies: 35
Views: 1527

Re: December RMD Withdrawal Timing Question

Thanks sscritic and wizard for your follow ups to my question or questions.
I'm ok on my RMD tax situation. My taxes withheld monthly on my RMD's go directly to the IRS and Ca. State Tax board, just as deductions do on a persons paycheck, if they are withholding.
Bill
by Billyboy
Wed Aug 06, 2014 5:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: December RMD Withdrawal Timing Question
Replies: 35
Views: 1527

Re: December RMD Withdrawal Timing Question

To expand on The Wizard: Take your RMD on time, but don't then buy the dividend in your taxable account. Send your RMD to your checking account or money market account if you still have one, then buy in your taxable account after the dividends have been paid out. sscritic, Can you or any of you ple...
by Billyboy
Wed Aug 06, 2014 4:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: December RMD Withdrawal Timing Question
Replies: 35
Views: 1527

Re: How Much Did You Lose Today?

About 1.7%. About all of my financial assets were down, with of course the exception of my MMF, Ally Savings and Ally C.D.'s. I'm about 51% Equities, 41% Bonds and 8% Cash Reserves. If we were to see a correction in the 10-20% range, I plan on doing a little market timing, uh, I mean reallocation. :...
by Billyboy
Fri Aug 01, 2014 7:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: How Much Did You Lose Today?
Replies: 166
Views: 15789

Re: Best On-line Portfolio trackers

I use Morningstar and Vanguard mostly. I also use Bank of America tools, occasionally.
by Billyboy
Sat Jul 26, 2014 9:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Best On-line Portfolio trackers
Replies: 16
Views: 1730

Re: Where is your brokerage account?

I have my accounts at Vanguard, both Mutual Fund and Brokerage accts. I haven't purchased any etf's or individual stocks through Vanguard. I hold several individual stocks that I transferred to Vanguard from my past employer's 401k administrator. All Vanguard does in reference to the brokerage holdi...
by Billyboy
Thu Jul 24, 2014 12:24 am
 
Forum: Investing - Help with Personal Investments
Topic: Where is your brokerage account?
Replies: 41
Views: 2914

Re: how often do you look at your account

Usually once a day, M-F, except when the US markets are closed. I always check in the morning at months end or when I expect dividends and/or capital gains to be paid out so I can update my records as to increased shares, revised cost basis, etc. at the site I use to keep such records. I check my in...
by Billyboy
Sun Jul 20, 2014 9:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: how often do you look at your account
Replies: 70
Views: 3798

Re: How exactly does Vanguard's RMD service work? Rebalancin

I started using Vanguards RMD service this year. It was quite easy to set-up. Vanguard took the total value of my various IRA accounts at Vanguard on December 31, 2013. They then used IRS Publication 590 to determine my life expectancy factor of 26.5. They took my total IRA balances and divided them...
by Billyboy
Sat Jul 19, 2014 3:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: How exactly does Vanguard's RMD service work? Rebalancing?
Replies: 44
Views: 3929

Re: Investment for future growth

Looks good to me. Change that typo 'K' should be 'X' and you are good to go. (Perhaps look into getting some reading glasses? :) ) Vanguard will switch the funds to the share class with lower expense ratios for you, but if you want to solve a puzzle: What are the ticker symbols for the cheaper shar...
by Billyboy
Sun Jun 22, 2014 11:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investment for future growth
Replies: 3
Views: 353

Re: Self Coverage in the Absense of Long Term Care Ins.

richard wrote:The cost varies by state. Here's one survey, which was the first hit I got from googling cost of long term care, https://www.genworth.com/corporate/abou ... -care.html

Great site. Thanks Richard,
Bill
by Billyboy
Fri Jun 13, 2014 11:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Self Coverage in the Absense of Long Term Care Ins.
Replies: 13
Views: 1164

Re: Self Coverage in the Absense of Long Term Care Ins.

This thread is now in the Personal Finance (Not Investing) forum (insurance). Don't know if I am on the correct forum; however, here goes It's not a problem, we'll answer your question anywhere. I just like to keep things organized (what a site admin does). :) Descriptions are listed under each for...
by Billyboy
Fri Jun 13, 2014 10:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Self Coverage in the Absense of Long Term Care Ins.
Replies: 13
Views: 1164

Self Coverage in the Absense of Long Term Care Ins.

Don't know if I am on the correct forum; however, here goes. Are there any ballpark figures, :dollar a couple should set aside for long term care, when unable to qualify for such insurance? I realize there are many factors, all of which are unknown as no one can foresee the future. Perhaps a rule of...
by Billyboy
Fri Jun 13, 2014 2:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Self Coverage in the Absense of Long Term Care Ins.
Replies: 13
Views: 1164
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