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Re: Switching to no-fee AMEX

A couple of years ago I signed up for an Amex Blue card and cancelled the Amex Gold card that I held since 1971. The Blue card says, "member since 71". The credit bureaus seem to believe that I have had an Amex account for about 45 years. I don't think switching cards within the Amex famil...
by Dale_G
Fri Dec 19, 2014 10:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Switching to no-fee AMEX
Replies: 6
Views: 754

Re: Invest in Taxable vs vanguard tax-deferred annuity?

A barebones Vanguard annuity is a tax deferral product rather than insurance product. GL Not quite, because even a "barebones" annuity includes a minimum interest rate on annuitization - and the right to do a 1031 exchange to another annuity if the annuitization rates are higher than on t...
by Dale_G
Fri Dec 19, 2014 6:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: Invest in Taxable vs vanguard tax-deferred annuity?
Replies: 8
Views: 761

Re: Vanguard 2014 Dividend Decleration

The dividends Vanguard expect to receive in December are not included in the estimates as of 11/30. Apparently they only include the dividends already received, rather than the total of the "expected" dividends for the quarter.

Dale
by Dale_G
Fri Dec 19, 2014 6:10 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard 2014 Dividend Decleration
Replies: 4
Views: 879

Re: Very uncomfortable phone call w/Vanguard about Beneficia

I agree that when I look at my account it is not crystal clear that the money market sweep account beneficiaries are also applied to all holdings within the associated brokerage account. If you look at the Transfer On Death beneficiary form for taxable accounts or the IRA Beneficiary Designation for...
by Dale_G
Thu Dec 18, 2014 11:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Very uncomfortable phone call w/Vanguard about Beneficiaries
Replies: 37
Views: 6071

Re: Vanguard 2014 Dividend Decleration

Note, the dividend estimates are as of 11/30. Your actual dividends will be about 50% higher.

Dale
by Dale_G
Thu Dec 18, 2014 2:43 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard 2014 Dividend Decleration
Replies: 4
Views: 879

Re: Invest in Taxable vs vanguard tax-deferred annuity?

I don't think it is a tough call. Variable annuities are most suitable for those in a very high tax bracket, with very long time horizons and limited space for bonds in tax deferred accounts. It doesn't seem like that is your situation. So I wouldn't put any new money into a VA. I agree with dhodson...
by Dale_G
Thu Dec 18, 2014 12:04 am
 
Forum: Investing - Help with Personal Investments
Topic: Invest in Taxable vs vanguard tax-deferred annuity?
Replies: 8
Views: 761

Re: Am I in two many investments.

BigDawg, all of your stock funds were up nicely, but your bond funds declined by a small percentage. That is no surprise. Stocks and bonds often go in different directions. Not so long ago when stocks were getting kicked around, bonds went up in value. Overall, your portfolio portfolio did very well...
by Dale_G
Wed Dec 17, 2014 11:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: Am I in two many investments.
Replies: 16
Views: 1390

Re: Very uncomfortable phone call w/Vanguard about Beneficia

The beneficiary designation on the sweep account Money Market fund applies to all holdings in the (separately held) brokerage account. In the case where there is a brokerage account and a separate mutual fund account, the mutual fund account can have different beneficiaries. I don't know what happen...
by Dale_G
Wed Dec 17, 2014 3:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Very uncomfortable phone call w/Vanguard about Beneficiaries
Replies: 37
Views: 6071

Re: Can my annuity beneficiary name a new beneficiary

Yes, the wife can name her own beneficiary. But while you are at it, you may as well name the wife as the primary beneficiary and the child as a contingent (secondary) beneficiary - assuming the child is of age.

Dale
by Dale_G
Tue Dec 16, 2014 10:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: Can my annuity beneficiary name a new beneficiary
Replies: 2
Views: 390

Re: DFA

I should add that my initial contact with a CFP from VG seemed kind of lightweight, he's only had his CFP for a year & his knowledge seemed pretty superficial and his advice seemed rote, vs a conversation with someone from the other firm who seemed much more capable and whose understanding seem...
by Dale_G
Tue Dec 16, 2014 12:34 am
 
Forum: Investing - Help with Personal Investments
Topic: DFA
Replies: 8
Views: 776

Re: Should I surrender my annuity and whole life policy?

Can I roll over this account into another retirement account with lower fees and avoid paying penalties and taxes? I saw Vanguard offers a low cost annuity marketed towards switching people from higher cost competitors. If we surrender the account in full, we pay a 3% ($300) surrender charge, a 10%...
by Dale_G
Mon Dec 15, 2014 11:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I surrender my annuity and whole life policy?
Replies: 17
Views: 1238

Re: Should I buy house with a crack?

It certainly depends on the nature of the crack. Concrete cracks, asphalt is black and S*** runs downhill. Is the crack less than 1/8 inch wide? Probably not much to worry about, especially if the floor is a year or two old. Some elastomeric caulk will take care of it. At 1/4 inch wide, I would star...
by Dale_G
Mon Dec 15, 2014 12:22 am
 
Forum: Personal Consumer Issues
Topic: Should I buy house with a crack?
Replies: 29
Views: 3198

Re: Don't Peek [at Your Portfolio Balance]

I don't peek, I look. I keep a running daily balance, not much different than someone keeping track of the stats on their favorite sports team. It is a hobby as much as anything else. The "looking" becomes actionable if there are significant tax loss harvesting opportunities. Or, as will b...
by Dale_G
Sat Dec 13, 2014 5:58 pm
 
Forum: Investing - Theory, News & General
Topic: Don't Peek [at Your Portfolio Balance]
Replies: 33
Views: 3873

Re: Foreign tax credit cap?

The tax forms are much simpler if you have less than $300 worth of credit ($600 married). And not complicated for some amount over that if all of the income is from US mutual funds. At some point in TurboTax you enter the source as RIC (registered Investment company) and it is painless thereafter. ...
by Dale_G
Thu Dec 11, 2014 5:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: Foreign tax credit cap?
Replies: 7
Views: 599

Re: Poll: Your Portfolio Tax Diversification

I am presently 63% taxable, 34% Traditional IRA and 3% Roth IRA. But when I retired in 2001, I was 18% taxable, 82% tax deferred and Roth = zero. The big switch in taxable/deferred was caused by equities in taxable doing well, the bond component in the IRA/401k doing okay, and a lot of forced distri...
by Dale_G
Wed Dec 10, 2014 4:16 pm
 
Forum: Investing - Theory, News & General
Topic: Poll: Your Portfolio Tax Diversification
Replies: 45
Views: 2440

Re: Poll: Dividend income to match annual salary?

Never got there - and most won't. With dividends and bond returns of about 2%, I would have needed an investment portfolio of about 50 times annual wages. I retired well short of that. Now if you want to talk total return = 2% dividends + 3% nominal capital return = 5%, that only requires a portfoli...
by Dale_G
Tue Dec 09, 2014 10:35 pm
 
Forum: Investing - Theory, News & General
Topic: Poll: Dividend income to match annual salary?
Replies: 39
Views: 3582

Re: What to do with Vanguard Variable Annuity-VVA Growth?

dhodson wrote:I'm not sure though why you said its like a ROTH since a ROTH has tax free growth and this is the exact opposite where growth is taxed as income instead of long term capital gains rates.


I meant to say non-deductible IRA. Brain fade I guess :oops:

Dale
by Dale_G
Tue Dec 09, 2014 10:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: What to do with Vanguard Variable Annuity-VVA Growth?
Replies: 4
Views: 365

Re: What to do with Vanguard Variable Annuity-VVA Growth?

Hi pinecone. I would agree with dhodson that you may as well let it ride. In many respects it is like a non-deductible IRA Roth 401k, and selling it (or rather surrendering the policy) has the same tax implications. I would like to sell it and put it toward my "evolving to Boglehead" more ...
by Dale_G
Tue Dec 09, 2014 7:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: What to do with Vanguard Variable Annuity-VVA Growth?
Replies: 4
Views: 365

Re: Conservative portfolio results?

Dan, T. Rowe Price is a good company, but you don't want to pick funds based on performance, unless you know exactly "what is under the hood" and do a fair comparison. Price is a respected fund provider, but their expenses are slightly higher than Vanguard's - and expenses count. For funds...
by Dale_G
Tue Dec 09, 2014 12:30 am
 
Forum: Investing - Help with Personal Investments
Topic: Conservative portfolio results?
Replies: 41
Views: 3599

Re: Estimated capital gains on Vanguard

No - the dividend declaration dates for all equity funds funds was posted in November, but it has since seemed to disappear. I don't mean the actual dividends - just the declaration date.

Dale
by Dale_G
Mon Dec 08, 2014 8:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Estimated capital gains on Vanguard
Replies: 13
Views: 1007

Re: Estimated capital gains on Vanguard

And what happened to the Dividend Declaration Date page (not cap gains) - I can't find it anymore. I must be "losing it" faster than I thought.

Dale
by Dale_G
Mon Dec 08, 2014 5:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Estimated capital gains on Vanguard
Replies: 13
Views: 1007

Re: Retirement Planning: The View from Vanguard

OR:
So, Merton and the actuaries will tell you the goal is inflation-adjusted real income. But if you talk to the typical financial planner who is running calculations, the numbers that you need to save for retirement are dramatically lower than when you assume steadily rising expenditures.


Dale
by Dale_G
Sun Dec 07, 2014 4:00 pm
 
Forum: Investing - Theory, News & General
Topic: Retirement Planning: The View from Vanguard
Replies: 8
Views: 1646

Re: Helping my dad with his portfolio

Vanguard will be able to tell you which assets you can "transfer in kind". Those that cannot be moved in kind should be sold and converted to cash in the EJ account, then move the whole thing. The "trash" funds and stocks can then be sold from the Vanguard account. A Target Retir...
by Dale_G
Sat Dec 06, 2014 2:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: Helping my dad with his portfolio
Replies: 52
Views: 2512

Re: to leave money on the table or not (variable annuity)

All VA's are not created equal. If your company is smart they would have chosen one that was low cost. But, if not, If the costs are 2% or less(or some other reasonable calculable number) the 50% match is very hard to pass up. As far as the tax treatment is concerned, it is no different than that of...
by Dale_G
Fri Dec 05, 2014 1:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: to leave money on the table or not (variable annuity)
Replies: 8
Views: 579

Re: How do you rebalance?

I use bands, but a little narrower than many. Rebalancing used to be easy in the tax deferred/tax free accounts, but those accounts are now 98.5% bonds, so there is no way to move significant money from equities to bonds in those accounts. Its easy to do the reverse however, if required in the futur...
by Dale_G
Thu Dec 04, 2014 10:43 pm
 
Forum: Investing - Theory, News & General
Topic: How do you rebalance?
Replies: 40
Views: 3145

Re: No 401(k) options

What are my options to contribute the most a tax-sheltered retirement account? The best right now seems like an IRA. I plan in to put in about $20k in it to match my previous retirement savings rate with my ex-employer who offered a 401(k) and take whatever tax deduction I get, the rest will be pos...
by Dale_G
Mon Dec 01, 2014 4:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: No 401(k) options
Replies: 5
Views: 587

Re: How much to have Vanguard withhold on RMD

I'll take my RMD on December 24th and have 65% withheld for Federal taxes. By this time of year I know approximately what the total tax bill will be. In my case, I set the tax withheld from the RMD so that my total withholding for the year is 110% of the previous year's tax. I'll owe more tax in Apr...
by Dale_G
Sat Nov 29, 2014 9:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much to have Vanguard withhold on RMD
Replies: 36
Views: 2654

Re: IRS CP14: Dishonored Payment Penalty?

Maybe the problem is rounding: Rounding Off to Whole Dollars You may round off cents to whole dollars. If you do round to whole dollars, you must round all amounts. To round off amounts to the nearest whole dollar, drop amounts under 50 cents and increase amounts from 50 to 99 cents to the next doll...
by Dale_G
Thu Nov 27, 2014 12:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: IRS CP14: Dishonored Payment Penalty?
Replies: 8
Views: 1085

Re: Possible to exchange one Amex card for another?

I opened an Amex Blue card and then cancelled my Amex Gold card. Amex and at least one credit agency retained the "member since 1971" notation. Amex allowed a period of time after the cancellation to claim any "rewards" - 30 or 60 days I believe. Naturally, I procrastinated and f...
by Dale_G
Mon Nov 24, 2014 5:42 pm
 
Forum: Personal Consumer Issues
Topic: Possible to exchange one Amex card for another?
Replies: 9
Views: 1116

Re: Group Life Side Fund as fixed income

Androo, you need to look at the details of this fund, but it sounds like it is a GIC or stable value fund similar to that found in many 401k plans. Yes, it is likely that you are a general creditor of the insurance company, but the likelihood of failure is very small. I would love to have a stable v...
by Dale_G
Sat Nov 22, 2014 11:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: Group Life Side Fund as fixed income
Replies: 3
Views: 471

Re: How do you "un-fund" a revocable trust?

What was the point of emptying out the trust? Even if your assets are below the estate tax exclusion amount right now, remember that this figure can change anytime Congress and the White House agree to alter it. Are you going to put money in and take it out of the trust each time that happens? If t...
by Dale_G
Sat Nov 22, 2014 11:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: How do you "un-fund" a revocable trust?
Replies: 10
Views: 1260

Re: How do you "un-fund" a revocable trust?

I "un-funded" or emptied our revocable trusts at Vanguard. It was a matter of filling out a "change of ownership" form to transfer the assets from "The XXX Trust" to XXX. I believe a Medallion guaranty was required. A transfer from XXX trust to XXX is not a taxable even...
by Dale_G
Sat Nov 22, 2014 9:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: How do you "un-fund" a revocable trust?
Replies: 10
Views: 1260

Vanguard cups. Tees etc. available

Vanguard has an on-line store. Wowee, I can finally get my Vanguard cup. Good gift for those I've rescued from high cost "advisors" to keep them on the straight and narrow.

http://www.vanguardgear.com/shop/all-items.html

Dale
by Dale_G
Sat Nov 22, 2014 2:47 pm
 
Forum: Personal Consumer Issues
Topic: Vanguard launches new offering ... [Vanguard merchandise]
Replies: 115
Views: 12830

Re: Tax Gain Harvesting - Charity / Gift to family

Xpe wrote:While we're on the topic... Can you gift appreciated stocks to a family member in a lower bracket, they sell and pay lower taxes, then gift the money back to you? Or is that tax fraud?


Yes

Dale
by Dale_G
Thu Nov 20, 2014 11:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tax Gain Harvesting - Charity / Gift to family
Replies: 16
Views: 1484

Re: TGH question - Gift to family

Also does above mean, if my cost basis for the stock was X$ and the price now is now 2X$, the cost basis for the recepient is still x$ not 2x$?


Yes, the basis is x$

Dale
by Dale_G
Thu Nov 20, 2014 5:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tax Gain Harvesting - Charity / Gift to family
Replies: 16
Views: 1484

Re: lock-up for 20 years [20 year CD]

I effectively did this by annuitizing a Vanguard annuity for a fixed period of 23 years at 4% interest rate. Payments of interest and return of capital are made monthly. The effective duration (with 21 years remaining) is 14 years. This annuity is in a taxable account, but presently the return is 1%...
by Dale_G
Thu Nov 20, 2014 12:10 am
 
Forum: Personal Finance (Not Investing)
Topic: lock-up for 20 years [20 year CD]
Replies: 21
Views: 2640

Re: Bond funds for IRA

Based on historical records, the inclusion of currency hedged international bonds improves portfolio results. Not in terms of greater returns, rather there has been a very slight reduction in volatility.

If you skip the international bond, it probably won't make a significant difference.

Dale
by Dale_G
Tue Nov 18, 2014 12:40 am
 
Forum: Investing - Help with Personal Investments
Topic: Bond funds for IRA
Replies: 4
Views: 918

Re: IRA Beneficiary Designation

Browser, that is a February 2012 article. We'll see what the future brings.

Dale
by Dale_G
Tue Nov 18, 2014 12:06 am
 
Forum: Personal Finance (Not Investing)
Topic: IRA Beneficiary Designation
Replies: 3
Views: 721

Re: Advice for Another Mother

Since you mentioned cost basis, I assume this is a taxable account - and apparently it was a lump sum purchase. I would definitely use the average cost basis. If no dividends are reinvested, the average cost will equal the cost of the initial investment anyway, and there is no need to designate spec...
by Dale_G
Mon Nov 17, 2014 1:32 am
 
Forum: Investing - Help with Personal Investments
Topic: Advice for Another Mother
Replies: 14
Views: 2230

Re: TurboTax '14 Deluxe (Desktop) Excludes Schedule D

I'll be looking at a different provider. I have used TT for at least the past 15 years, but it will be time to say bye-bye.

Dale
by Dale_G
Sat Nov 15, 2014 3:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: TurboTax '14 Deluxe (Desktop) Excludes Schedule D
Replies: 140
Views: 16688

Re: Value Averaging: My experience after 9 years

Deploying assets or rebalancing to the desired asset allocation just seems a whole lot easier in terms of the required discipline.

Dale
by Dale_G
Fri Nov 14, 2014 6:29 pm
 
Forum: Investing - Theory, News & General
Topic: Value Averaging: My experience after 9 years
Replies: 24
Views: 4238

Re: What NW amount makes this person financially free?

I give the odds of a 9% total return over the next 10 to 50 years at about 2.361% unless inflation runs at greater than 4%-5%.

It is real return not nominal return that counts.

Dale
by Dale_G
Fri Nov 14, 2014 5:55 pm
 
Forum: Investing - Theory, News & General
Topic: What NW amount makes this person financially free?
Replies: 19
Views: 2466

Re: Expenses are ??

This doesn't mean that you have to only select the fund with the lowest expense ratio. The lowest expense fund will usually be an Index 500 or Total Stock Market fund. You likely need to add a low expense international fund and a low expense bond fund. While some international and bond funds will ha...
by Dale_G
Fri Nov 14, 2014 5:46 pm
 
Forum: Investing - Theory, News & General
Topic: Expenses are ??
Replies: 11
Views: 1687

Re: Find flaws in my plans for Deferred Compensation?

... and further assuming that keeping my current 2016 election is NOT desirable, my choices narrow to 2021-2023. And selecting among those 3 years is probably insignificant. ... I'm defaulting to 10 simply to avoid moving into the 28% marginal rate that 5 year payout would force. InertiaMan, I thin...
by Dale_G
Mon Nov 10, 2014 4:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Find flaws in my plans for Deferred Compensation?
Replies: 13
Views: 832

Re: Junk bond fund NAVs

Well said Johno - and this is probably the most rational thread on HY in a very long time. I don't think selecting the inception date of the Vanguard HY fund should be construed as cherry picking. $10,000 invested in the Vanguard HY fund and Barclays US Aggregate on the HY inception date of 12/27/19...
by Dale_G
Sun Nov 09, 2014 9:49 pm
 
Forum: Investing - Theory, News & General
Topic: Junk bond fund NAVs
Replies: 91
Views: 7065

Re: Tax Loss Harvesting Doesn't Seem Like a Great Idea

I realized a truck load of losses in 2008/2009 - much more than I can reasonably expect to use up against ordinary income over my expected life span. The reduced cost basis of the replacement shares won't amount to anything because my heirs will inherit the shares at a stepped up basis. I have no wi...
by Dale_G
Sun Nov 09, 2014 5:00 pm
 
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting Doesn't Seem Like a Great Idea
Replies: 53
Views: 5565

Re: Junk bond fund NAVs

... The situation may be even worse for High Yield bond ETFs that track a High Yield index. They have to buy or sell every bond in the index when money comes in or goes out. I am content that the Vanguard HY fund is an active fund, but an index fund does not "have to buy or sell every bond in ...
by Dale_G
Sat Nov 08, 2014 12:54 am
 
Forum: Investing - Theory, News & General
Topic: Junk bond fund NAVs
Replies: 91
Views: 7065

Re: Junk bond fund NAVs

... it just means that you're kidding yourself, perhaps dangerously, if you think that "higher yield" automatically means "higher total return." Right, there is nothing automatic about it - and definitely nothing assured in the future. But $10,000 invested in VWEHX (HY) and Barc...
by Dale_G
Fri Nov 07, 2014 10:35 pm
 
Forum: Investing - Theory, News & General
Topic: Junk bond fund NAVs
Replies: 91
Views: 7065

Re: Junk bond fund NAVs

The inception date of Vanguard's High Yield fund was December 27, 1978. The NAV at inception was $10.00 per share. Yes, the long term NAV is expected to decrease with time, however at the current rate of decline the time to go to zero can be extrapolated to infinity. Not that any of us are going to ...
by Dale_G
Fri Nov 07, 2014 1:08 pm
 
Forum: Investing - Theory, News & General
Topic: Junk bond fund NAVs
Replies: 91
Views: 7065

Re: Explaining muni bond spreads

IT's easy to show value added. (:-)) Larry Great, thanks for the offer! Let's see audited results for the muni component of all BAM client accounts over the last 10 years. Please adjust the results for the dollar weighted AUM expenses. The audited results will clearly show the "value added&quo...
by Dale_G
Mon Nov 03, 2014 5:09 pm
 
Forum: Investing - Theory, News & General
Topic: Explaining muni bond spreads
Replies: 40
Views: 3733
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