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Re: Joint accounts or separate accounts for married couples?

In the early days - think more than 50 years ago - all checking and savings accounts were joint. The checking accounts are still joint. But after collecting a few pennies (as the sole wage slave), I opened individual investment accounts for two reasons: 1. To provide for some measure of asset protec...
by Dale_G
Thu Oct 30, 2014 5:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Joint accounts or separate accounts for married couples?
Replies: 32
Views: 1195

Re: QE Ending, how does it affect Total Bond Fund?

If real interest rates increase, I will be delighted. I don't expect that though. There are a whole lot more borrowers than there are lenders, and zero real rates are apparently required to keep the borrowers afloat.

Financial repression is not dead.

Dale
by Dale_G
Wed Oct 29, 2014 4:39 pm
 
Forum: Investing - Theory, News & General
Topic: QE Ending, how does it affect Total Bond Fund?
Replies: 8
Views: 1335

Re: fleeced by an adviser, is there a recourse?

I am sorry for your experience. Investing requires due diligence. It is no different than buying a car or insurance, getting married, taking a new job, or signing up for a guaranteed weight loss program. The lesson should be: Do a little research so you have some idea of what you are getting into. H...
by Dale_G
Mon Oct 27, 2014 7:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: fleeced by an adviser, is there a recourse?
Replies: 89
Views: 7065

Re: Asset Allocation and Rebalancing

My current employer has mostly Front-End Load funds available


Alto, you might have gotten this impression by looking up the fund tickers. Loads are almost always waived in 401k plans.

Dale
by Dale_G
Sun Oct 26, 2014 10:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation and Rebalancing
Replies: 21
Views: 1892

Re: A fund "adviser's" financial strength: important?

... snip ... Here's the thing that is interesting. I gather that if this were to occur, it is possible that the fund's "adviser" could be expected to make the fund whole. That is, NAVs aren't supposed to be very wrong for very long, so if they are the adviser is at fault embarrassed . ......
by Dale_G
Sat Oct 25, 2014 9:58 pm
 
Forum: Investing - Theory, News & General
Topic: A fund "adviser's" financial strength: important?
Replies: 6
Views: 739

Re: Buying a home / renting it to a friend

It should be the same minimum criteria . This is well covered by the Federal Fair Housing Act of 1968. However: Property Exempt from Federal Antidiscrimination Laws Unfortunately, not every rental is covered by the federal fair housing laws. The following types of property are exempt:
 owner-occupie...
by Dale_G
Fri Oct 24, 2014 2:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: Buying a home / renting it to a friend
Replies: 20
Views: 917

Re: Buying a home / renting it to a friend

Mark2614 wrote:Right now his job is mostly cash based so while he makes good money, he doesn't make a lot on paper to get a loan to buy it himself.


It sounds like tax fraud. How is he going to pay the rent in prison? I hope he gets caught goes straight. If he doesn't go straight, then I hope ....

Dale
by Dale_G
Fri Oct 24, 2014 2:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: Buying a home / renting it to a friend
Replies: 20
Views: 917

Re: Starting Taxable Investing

I am not going to have many suggestions. You seem to have a very good handle on what you want to do and you are well on your way to having nice pile when you decide to cut loose from the rat race. ... snip ... Questions: 1. Any advice on making the leap to taxable? Looks like the consensus is to not...
by Dale_G
Fri Oct 24, 2014 12:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: Starting Taxable Investing
Replies: 8
Views: 1165

Re: Vngrd: "Mark your calendar for year-end fund distributio

I am glad that Vanguard is giving a bit of a heads up regarding year end dividends. But: December 9 - Updated and expanded estimates: Year-end 2014 capital gains for applicable Vanguard funds and ETFs, broken down by short-term, long-term, and total gains, plus estimated income and qualified dividen...
by Dale_G
Thu Oct 23, 2014 10:57 pm
 
Forum: Investing - Theory, News & General
Topic: Vngrd: "Mark your calendar for year-end fund distributions."
Replies: 1
Views: 965

Re: Deferred variable Annuity or Roth IRA Conversions?

cashmeout, you didn't provide enough info about your present investments or present and expected tax rates for anyone to provide a definitive answer. The future tax rates are only a guess anyway. I owned Vanguard Variable annuities for more than 20 years, and annuitized at age 76. BTW, Vanguard assu...
by Dale_G
Wed Oct 22, 2014 8:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Deferred variable Annuity or Roth IRA Conversions?
Replies: 8
Views: 515

Re: Why do Engineers Think They’ll Be Good at Picking Stocks

I think that engineers are better equipped than the general populace to understand the basis of Boglehead investing. However I can't say that I've seen any real systematic evidence that engineers are actually more likely to be Boglehead investors. And please remember that the plural of anecdote is ...
by Dale_G
Wed Oct 22, 2014 5:05 pm
 
Forum: Investing - Theory, News & General
Topic: Why do Engineers Think They’ll Be Good at Picking Stocks?
Replies: 126
Views: 8923

Re: Gross Yearly Income needed in Retirement (Speculation)

Over 12 years of full retirement our personal expenses averaged $41,500 in a reasonably low cost of living area. Livesoft's tax planning doesn't work very well in this household, our federal taxes averaged $26,500. So total expenditures averaged $71,000. We visited 86 countries, but the travelling i...
by Dale_G
Wed Oct 22, 2014 12:35 am
 
Forum: Personal Finance (Not Investing)
Topic: Gross Yearly Income needed in Retirement (Speculation)
Replies: 159
Views: 12431

Re: Leon Cooperman giving the same advice as Warren

... Inflation certainly has the potential to hurt investments. Fears are overblown, IMO. Every indication is that central banks have the tools to stop inflation and are eager to do so, even at the cost of employment and economic growth. See the US and especially Europe. Even central banks trying to...
by Dale_G
Tue Oct 21, 2014 12:15 am
 
Forum: Investing - Theory, News & General
Topic: Leon Cooperman giving the same advice as Warren
Replies: 47
Views: 3271

Re: "Individual Retirement Annuity", Dump or what?

If mom never moved the money out of this company retirement plan it is probably just a 401k. My son has a 401k administered by John Hancock. In the literature Hancock refers to it in a few places as a "Group Annuity contract", but it is in fact a plain vanilla 401k. No sneaky fees, no surr...
by Dale_G
Mon Oct 20, 2014 11:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: "Individual Retirement Annuity", Dump or what?
Replies: 9
Views: 596

Re: Leon Cooperman giving the same advice as Warren

... If you're a long-term investor, a collapse in bond prices would be excellent news. If rates stay low, you get low returns. If rates rise, principal value goes down, but the increased interest makes up for it after a while, then you get the benefits of a higher returns going forward. ... I see t...
by Dale_G
Mon Oct 20, 2014 5:52 pm
 
Forum: Investing - Theory, News & General
Topic: Leon Cooperman giving the same advice as Warren
Replies: 47
Views: 3271

Re: When to think about tax lost harvesting

I did tax loss harvesting in 2008/09 and have more losses than I will ever use up as deductions at ordinary income tax rates- unless I live to be about 140. I was generally able to return to my original fund allocation, except that I presently hold Vanguard's Large cap fund rather than Total Stock M...
by Dale_G
Sun Oct 19, 2014 7:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: When to think about tax lost harvesting
Replies: 19
Views: 1427

Re: First investment strategy meeting with new FA, $6M trust

I hope the hundreds of hours expended so far have involved selling a business in Nepal, settling 10 years of unpaid taxes to the IRS and multiple states, disposing of a collection of rare wines, and coming to terms with a dozen or so previous husbands of grandma. There is nothing about the trusts as...
by Dale_G
Fri Oct 17, 2014 5:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: First investment strategy meeting with new FA, $6M trusts
Replies: 80
Views: 4610

Re: Market Slide Percentages?

Starting in May I have been dollar-cost averaging at the rate of $10,000-$20,000 per month into the equity market from matured CDs in order to get my AA to 40 stocks/60 bonds.(These were part of a windfall in 2012), I have subsequently "lost" most of that due to the recent market declines...
by Dale_G
Thu Oct 16, 2014 11:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: Market Slide Percentages?
Replies: 28
Views: 1870

Re: Taxable account and tax friendly options

Hi shilla - and welcome to the forum. Basically, you will want to fill your tax deferred accounts with the bond funds of your choice. Total Stock Market and Total International will go in your taxable account, and while you are working the balance of your bond allocation will go into munis. Nothing ...
by Dale_G
Thu Oct 16, 2014 11:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Taxable account and tax friendly options
Replies: 5
Views: 592

Re: First investment strategy meeting with new FA, $6M trust

Regarding the FA's model portfolio. I can practically guarantee that the model portfolio will consist of funds that have outperformed the S&P500 over the past five years - maybe longer. The funds in the model portfolio were cherry picked from previous winners, so they will obviously come out on ...
by Dale_G
Thu Oct 16, 2014 10:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: First investment strategy meeting with new FA, $6M trusts
Replies: 80
Views: 4610

Re: How did you get from $1M to $10M

In last 4 years, I have relatively splurged on cars and a nice home . Been happy with my choices. Am grateful for what life has given me and continues to give. Now I want to hear others' views. TIA. Splurging is fine, but you may find the second million is harder than the first, particularly if you...
by Dale_G
Thu Oct 16, 2014 7:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: How did you get from $1M to $10M
Replies: 46
Views: 4056

Re: "Smart" Beta - general consensus?

Just marketing hype, as in, "New and Improved".

Dale
by Dale_G
Wed Oct 15, 2014 10:06 pm
 
Forum: Investing - Theory, News & General
Topic: "Smart" Beta - general consensus?
Replies: 8
Views: 532

Re: Pool gas heater makes banging noises

I agree with bbq, it sounds like delayed ignition. Maybe due to low/dirty pilot or dirty/corroded/misaligned electric ignition system. You might also hear a nice "whoosh" when the thing goes. A good cleaning is a start. I would consult with a gas furnace tech rather than a pool guy. Dale
by Dale_G
Tue Oct 14, 2014 11:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Pool gas heater makes banging noises
Replies: 6
Views: 461

Re: Fidelity Investments Hacked

I decided a long time ago that putting all my investments in one firm was dangerous. Therefore, I have divided my investments between Vanguard and Fidelity. Last week, it was reported that Fidelity was hacked . The discussion on this has been one of silence. I have been issued two new credit cards ...
by Dale_G
Mon Oct 13, 2014 12:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: Fidelity Investments Hacked
Replies: 21
Views: 2538

Re: Practical Question on Tax Loss Harvesting

Right pdrieise, your $278 dividend will not be qualified if you sell now, but what counts is the difference between the probable 15% tax rate and your "ordinary" tax rate. If you are in the 25% tax bracket, it will cost you an additional $26.80 in taxes above the 15% rate - and VTSAX divid...
by Dale_G
Sun Oct 12, 2014 7:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: Practical Question on Tax Loss Harvesting
Replies: 3
Views: 448

Re: Asset allocation - early retirement

I am a firm believer in equities in the taxable account and bonds in the tax deferred account to the extent possible given your asset allocation. For me, under present tax law, this results in minimum expected lifetime taxation for me and my heirs. And taxes are by far my largest single expense in r...
by Dale_G
Sun Oct 12, 2014 6:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Asset allocation - early retirement
Replies: 10
Views: 1354

Re: Taxable Investment Acct - Cost Basis

... Having read your posts, I know you prefer Spec ID cost basis. But if I'm understanding you correctly above, Spec ID is not absolutely necessary for distinguishing between long-term or short-term gains ? And Vanguard will send you a 1099 which will show the long and short terms gains (or losses)...
by Dale_G
Sun Oct 12, 2014 1:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Taxable Investment Acct - Cost Basis
Replies: 9
Views: 787

Re: Retired and end of month checking account balance?

I keep about 7K in the checking accounts. All routine bill are on autopay and the in-go is about equal to the out-go. I check the account balance monthly, but there is plenty of slack in the account. I don't bother with keeping a check register or any kind of running balance, but in the far reaches ...
by Dale_G
Sun Oct 12, 2014 1:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Retired and end of month checking account balance?
Replies: 21
Views: 1945

Re: Everything related to 1099 worker - tracking expenses et

...For figuring out the percent of house u use as business, do we measure the area he works in - desk etc and then figure where we would be able to divide it from the rest of the room and get the square footage and divide that by the finished sq footage of our house? Unfortunately, the area (room) ...
by Dale_G
Sat Oct 11, 2014 7:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Everything related to 1099 worker - tracking expenses etc
Replies: 27
Views: 1528

Re: Buffett Says ‘No-Brainer’ to Get a Mortgage to Short Rat

I am renting now between homes, as I have done before and much prefer to own. The last home I had built, I lived in15 years. After adding up what I paid, and what I put in for maintenance, and adjusting for inflation, and subtracting closing costs, I still netted more than those costs. So basically...
by Dale_G
Fri Oct 10, 2014 11:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buffett Says ‘No-Brainer’ to Get a Mortgage to Short Rates
Replies: 77
Views: 9075

Re: Bond Index Conundrum

I agree that a bond index does not make as much sense as a stock index. You should choose individual bond funds for your own situation. For example, I buy long-term bonds since I have a long horizon. I also buy junk bonds because they have higher risk/return and I have a long enough horizon to wait...
by Dale_G
Fri Oct 10, 2014 4:57 pm
 
Forum: Investing - Theory, News & General
Topic: Bond Index Conundrum
Replies: 16
Views: 2005

Re: Is a fall in portfolio value "only on paper"?

Yes toto, a "paper" loss is a real loss, just as a "paper" gain is a real gain. There is no sense in fooling yourself.

Dale
by Dale_G
Wed Oct 08, 2014 8:44 pm
 
Forum: Investing - Theory, News & General
Topic: Is a fall in portfolio value "only on paper"?
Replies: 86
Views: 3716

Re: How much is your fixed income investment earning?

All dollar weighted:

SEC yield = 3.07%
Distribution yield = 3.48%
Duration = 6.5 years

No surprise, there is a little bit of junk in here.

Dale
by Dale_G
Tue Oct 07, 2014 10:04 pm
 
Forum: Investing - Theory, News & General
Topic: How much is your fixed income investment earning?
Replies: 27
Views: 1841

Re: My CFP Plan

It sounds like a great idea. The only problem I see is that it may be difficult to find "good guys" to work with in order to gain the experience.

Good luck to you.

Dale
by Dale_G
Tue Oct 07, 2014 12:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: My CFP Plan
Replies: 10
Views: 1522

Re: Which funds to exchange first? (Taxable, high ER vs AA)

None of the expense ratios are outrageous. I would definitely focus on fixing the allocation issues while paying attention to the tax ramifications. For certain, stop reinvesting any dividends in the funds you don't want to keep.

Dale
by Dale_G
Mon Oct 06, 2014 3:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: Which funds to exchange first? (Taxable, high ER vs AA)
Replies: 5
Views: 625

Re: Unable to access Vanguard funds

If Vanguard is not doing what they need to resolve your account access, I would go straight to another company and transfer my accounts. Except that it may not be easy to transfer accounts that don't "exist". I'll grant you that I have never had this problem, but I suspect there is a comm...
by Dale_G
Mon Sep 29, 2014 6:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: Unable to access Vanguard funds
Replies: 6
Views: 549

Re: Fidelity Puritan in IRA after retirement

Puritan is a good fund, but tax efficiency in an IRA or 401k is meaningless because no taxes are due on the current income. Your plan to hold equity funds in the taxable account is correct from the tax efficiency standpoint. If you need to hold more bonds in the IRA/401k as a result to adding new fu...
by Dale_G
Mon Sep 29, 2014 1:46 am
 
Forum: Investing - Help with Personal Investments
Topic: Fidelity Puritan in IRA after retirement
Replies: 6
Views: 437

Re: Read too many books... help untangle

I've been investing for a long time, and my assets now amount to about 3 times my gross lifetime earnings as a wage slave. There was some stupidity in my early years and it was only in the last 25 years or so that low cost index investing became easily available. I never "tilted", the simp...
by Dale_G
Sat Sep 27, 2014 6:57 pm
 
Forum: Investing - Theory, News & General
Topic: Read too many books... help untangle
Replies: 48
Views: 4078

Re: Heating duct cleaning for an old house

Ive owned homes with forced air heating cooling for more than 40 years. At my wife's insistence I've occassionally pulled some of the registers and inspected the first 10 feet or so of the ducts. I've never found more than a few "dust bunnies". It is easy enough to take a look. In any case...
by Dale_G
Fri Sep 26, 2014 9:26 pm
 
Forum: Personal Consumer Issues
Topic: Heating duct cleaning for an old house
Replies: 3
Views: 354

Re: New VG upgraded account feature - shows "in progress"?

I won't be upgrading: You’ll no longer be able to receive Vanguard fund distributions by check, by automatic transfer to your bank account, or by automatic reinvestment into another Vanguard fund. If you currently use these services, after the upgrade we’ll move the Vanguard fund distributions to yo...
by Dale_G
Thu Sep 25, 2014 11:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: New VG upgraded account feature - shows "in progress"?
Replies: 13
Views: 1079

Re: Inheritance advice

regthirteen, take a really deep breath, then take another one for good measure. I am sure a whole lot of people in your situation with a big hunk of new money, and little investing experience, would have done exactly the same thing. There will be no lasting harm. For the time being leave the money i...
by Dale_G
Thu Sep 25, 2014 11:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Inheritance advice
Replies: 5
Views: 937

Re: 3 Fund Portfolio Vs. Vanguard Advisor Recommendations

JaneyLH, you have it about right. When experts disagree, it probably doesn't make much difference. Total Bond market is probably fine, but I own Intermediate Investment grade, High Yield, and Short Term Investment Grade in addition to Total Bond Market. The bond market is brutally efficient, so the ...
by Dale_G
Wed Sep 24, 2014 12:35 am
 
Forum: Investing - Help with Personal Investments
Topic: 3 Fund Portfolio Vs. Vanguard Advisor Recommendations
Replies: 15
Views: 1701

Re: Employer finding out you have a financial cushion?

In my semi-grownup days (over the age of 30) I always made it a point to let my employer know that I worked for fun, not because I had to - as in, "When the fun stops, I stop working". It worked well for me, but maybe only because I never worked in later life for an outfit that based layof...
by Dale_G
Wed Sep 24, 2014 12:11 am
 
Forum: Personal Finance (Not Investing)
Topic: Employer finding out you have a financial cushion?
Replies: 72
Views: 8355

Re: Can anyone help w/ Debt & Credit Score?

snip .... but in general most people can negotiate their own settlements especially if we are just talking about a few accounts. Call up, tell them you're broke but can come up with a third of the bill if they will settle for that. Maybe they push and you agree to pay half. This is very bad advice ...
by Dale_G
Tue Sep 23, 2014 11:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can anyone help w/ Debt & Credit Score?
Replies: 19
Views: 1082

Re: Dan Wiener

And do not give him your email address. Following the link to "unsubscribe" in his emails doesn't unsubscribe. Apparently it just lets him know that your email address is live, so he redoubles his effort to ensnare you. I send his emails to "junk", but it is a waste of bandwidth....
by Dale_G
Tue Sep 23, 2014 4:00 pm
 
Forum: Investing - Theory, News & General
Topic: Dan Wiener
Replies: 19
Views: 2667

Re: Variable Annuity: add to it? why?

One thing I would consider consider is what the guaranteed interest rate is at the time of annuitization. Older contracts may have interest rates are above market at the time of annuitization. I am talking about actual interest rates rather than the phony-baloney rate of return that includes a retur...
by Dale_G
Sat Sep 20, 2014 6:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: Variable Annuity: add to it? why?
Replies: 13
Views: 597

Re: Estimated SS COLA for 2015

I wish my grocery store based prices on cpi :D

In any case I expect an increase in medicare insurance will eat up any increase in the SS "payment".

Dale
by Dale_G
Wed Sep 17, 2014 6:26 pm
 
Forum: Investing - Theory, News & General
Topic: Estimated SS COLA for 2015
Replies: 17
Views: 1818

Re: Jason's Zweig's new dictionary ---enjoy

Wow! This is definitely worth a bookmark.

If I fall asleep while watching TV and accidentally end up on CNBC, I'll know what they are talking about.

Dale
by Dale_G
Wed Sep 17, 2014 3:36 pm
 
Forum: Investing - Theory, News & General
Topic: Jason's Zweig's new dictionary ---enjoy
Replies: 28
Views: 2752
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