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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: 6
Views: 725

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: 1086

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: 447

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: 1213

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: 1213

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: 11245

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: 1432

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: 1432

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: 2495

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: 726

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: 569

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: 2176

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: 87
Views: 9285

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: 3925

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: 2444

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: 1664

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: 797

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: 86
Views: 5494

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: 4855

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: 86
Views: 5494

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: 86
Views: 5494

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: 86
Views: 5494

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: 3503

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 4:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Joint accounts or separate accounts for married couples?
Replies: 59
Views: 4634

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 3:39 pm
 
Forum: Investing - Theory, News & General
Topic: QE Ending, how does it affect Total Bond Fund?
Replies: 8
Views: 1441

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 6:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: fleeced by an adviser, is there a recourse?
Replies: 104
Views: 9027

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 9:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation and Rebalancing
Replies: 21
Views: 2024

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 8:58 pm
 
Forum: Investing - Theory, News & General
Topic: A fund "adviser's" financial strength: important?
Replies: 6
Views: 772

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 1:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: Buying a home / renting it to a friend
Replies: 20
Views: 983

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 1:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: Buying a home / renting it to a friend
Replies: 20
Views: 983

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 11:57 am
 
Forum: Investing - Help with Personal Investments
Topic: Starting Taxable Investing
Replies: 8
Views: 1355

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 9:57 pm
 
Forum: Investing - Theory, News & General
Topic: Vngrd: "Mark your calendar for year-end fund distributions."
Replies: 1
Views: 978

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 7:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Deferred variable Annuity or Roth IRA Conversions?
Replies: 8
Views: 549

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 4:05 pm
 
Forum: Investing - Theory, News & General
Topic: Why do Engineers Think They’ll Be Good at Picking Stocks?
Replies: 135
Views: 10661

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
Tue Oct 21, 2014 11:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Gross Yearly Income needed in Retirement (Speculation)
Replies: 159
Views: 12939

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
Mon Oct 20, 2014 11:15 pm
 
Forum: Investing - Theory, News & General
Topic: Leon Cooperman giving the same advice as Warren
Replies: 47
Views: 3341

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 10:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: "Individual Retirement Annuity", Dump or what?
Replies: 9
Views: 614

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 4:52 pm
 
Forum: Investing - Theory, News & General
Topic: Leon Cooperman giving the same advice as Warren
Replies: 47
Views: 3341

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 6:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: When to think about tax lost harvesting
Replies: 19
Views: 1448

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 4:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: First investment strategy meeting with new FA, $6M trusts
Replies: 80
Views: 4850

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 10:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: Market Slide Percentages?
Replies: 28
Views: 1892

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 10:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Taxable account and tax friendly options
Replies: 5
Views: 605

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 9:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: First investment strategy meeting with new FA, $6M trusts
Replies: 80
Views: 4850

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 6:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: How did you get from $1M to $10M
Replies: 46
Views: 4130

Re: "Smart" Beta - general consensus?

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

Dale
by Dale_G
Wed Oct 15, 2014 9:06 pm
 
Forum: Investing - Theory, News & General
Topic: "Smart" Beta - general consensus?
Replies: 17
Views: 1460

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 10:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Pool gas heater makes banging noises
Replies: 7
Views: 685

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 11:28 am
 
Forum: Investing - Help with Personal Investments
Topic: Fidelity Investments Hacked
Replies: 21
Views: 2604

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 6:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: Practical Question on Tax Loss Harvesting
Replies: 3
Views: 455

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 5:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Asset allocation - early retirement
Replies: 10
Views: 1400

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 12:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Taxable Investment Acct - Cost Basis
Replies: 9
Views: 792
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