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Re: New Boglehead Portfolio Checkup

I'm assuming you'll be paying cash for your car and engagement ring, so your e-fund will probably be down a good 30K when all said and done with. If that's the case, leave the 20K in a savings account paying 1% or put some of it in an intermediate tax exempt fund yielding a bit more. Watch for your ...
by Grt2bOutdoors
Sun Jan 25, 2015 9:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: New Boglehead Portfolio Checkup
Replies: 3
Views: 827

Re: Seeking Help With Investments

Tax efficient, low cost broad based stock index funds - Total Stock Market Index and Total International Stock Index.
by Grt2bOutdoors
Sun Jan 25, 2015 9:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: Seeking Help With Investments
Replies: 6
Views: 598

Re: What to do with Custodian Account

Thanks all, So I'll move the 529 to Vanguard. I think now that the Custodian account might have been the wrong way to go. How can I reverse that decision. That is, how can I close the account and move the funds under my name? You can't do that ^^^ - the money is legally your daughters, not yours. T...
by Grt2bOutdoors
Sun Jan 25, 2015 8:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: What to do with Custodian Account
Replies: 7
Views: 626

Re: College or just Savings Investment Option Question

Advice to fill your tax-advantaged retirement space (IRA, 401K, etc.) is based on the fact that there are no loans for retirement, however there are loans/merit/scholarship aid for college. Once you've saved for your retirement and you have any extra cash available, of course you can look into openi...
by Grt2bOutdoors
Sun Jan 25, 2015 8:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: College or just Savings Investment Option Question
Replies: 1
Views: 218

Re: Portfolio Year in Review / Books Open for Feedback

Upon full maturity of the bonds, taxes are due. Whether you continue to hold them after they've stopped accruing interest does not alleviate you of the need to declare the interest on your tax return and pay what is owed. In other words, bite the bullet and cash them in, you've likely earned a decen...
by Grt2bOutdoors
Sun Jan 25, 2015 8:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Year in Review / Books Open for Feedback
Replies: 5
Views: 439

Re: 401K allocation

I think the boglehead philosophy would drive you to select the lowest fee funds that match your asset allocation choice. Maybe you could take the Wellington fund (60/40) and then supplement it with the lowish fee S P 500 fund to match your AA. Thanks, that's exactly what I will recommend. 85% of th...
by Grt2bOutdoors
Sun Jan 25, 2015 7:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401K allocation
Replies: 8
Views: 751

Re: Half off TurboTax thru Monday

Thanks for the tip, I signed up for the CD edition. Worth the shipping cost of $3.95. With the refund offer of $25 for returning users, this is a really good deal. I'm sure it won't be this cheap next year and we'll have another thread on how expensive Premier is.
by Grt2bOutdoors
Sun Jan 25, 2015 7:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Half off TurboTax thru Monday
Replies: 37
Views: 4003

Re: Expected Increases Year after Year on Home Insurance Pre

Insurance companies are state-regulated, so in addition to those insurance companies calculating insurance losses they must get the blessings of the regulators to raise rates sufficiently for them to remain solvent. It's a real black box, don't even begin to think you can precisely estimate what you...
by Grt2bOutdoors
Sun Jan 25, 2015 7:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Expected Increases Year after Year on Home Insurance Premium
Replies: 7
Views: 671

Re: Marriage and taxes

Ah yes, the infamous marriage penalty! Which I conveniently found out about the year after I got married. :annoyed If you're BF is paying AMT now, it's highly likely you will be dragged into AMT as well, in addition, right now your BF is at the threshold for paying the ACA tax of 3.8% and the Medica...
by Grt2bOutdoors
Sun Jan 25, 2015 7:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Marriage and taxes
Replies: 7
Views: 939

Re: Time for me to buy a condo?

OP - You should not be thinking about buying anything. You have a $350K salary, let's say you take home $175K after maxing out a 401k, from that you have expenses of $18K and rent of $40K. My question to you is where is $100K in after-tax dollars (and after expenses) going each year? your portfolio ...
by Grt2bOutdoors
Sat Jan 24, 2015 7:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Time for me to buy a condo?
Replies: 15
Views: 1078

Re: Time for me to buy a condo?

Following on Gator15's comments, a realtor once told me that when a couple gets married and the woman already has a condo, the guy usually moves in to her condo. He added that when a couple gets married and the guy already has a condo, the woman always (in his experience) insists on buying a new on...
by Grt2bOutdoors
Sat Jan 24, 2015 7:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Time for me to buy a condo?
Replies: 15
Views: 1078

Re: Prepaid Tuition Vs 529 plan

TS, You are assuming that college tuition can continue increase at 8% per year for the next 10 to 20 years. Realistically, I do not think that is possible since the income level of American had been stagnant for a long time. College tuition is another bubble that are overdue to burst. Some people l...
by Grt2bOutdoors
Sat Jan 24, 2015 7:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Prepaid Tuition Vs 529 plan
Replies: 12
Views: 862

Re: Putting an inheritance in a Roth IRA

They can only put in $11K per year ($5,500 each) and can only do so if they have earned income that is at least equal to the amount being contributed. Do they have an e-fund in case of an emergency? How about health insurance? You make the case that they may have to pay taxes on capital gains, what ...
by Grt2bOutdoors
Sat Jan 24, 2015 7:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Putting an inheritance in a Roth IRA
Replies: 7
Views: 766

Re: Portfolio Checkup

Leave the money in the 7% option. It is and isn't on the backs of NY taxpayers. Essentially, participants in that option are lending money to the NYC Teachers Retirement System defined benefit pension plan. The plan is promising to return to you 7%, in essence the pension plan is borrowing your mone...
by Grt2bOutdoors
Sat Jan 24, 2015 6:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Checkup
Replies: 3
Views: 372

Re: What to do with Custodian Account

Legally, the UTMA account is your daughter's and she is responsible for the tax on profits and dividends. You are supposed to use it for her benefit, for things that parents aren't obligated to provide (like rent and food). You can move it to another UTMA account at Vanguard and the same rules will...
by Grt2bOutdoors
Sat Jan 24, 2015 6:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: What to do with Custodian Account
Replies: 7
Views: 626

Re: Separate AA for 529 funds?

Typically, your child will be going to college before you retire. In that case, I would select an age based allocation plan that becomes progressively more conservative as your child approaches college age. You can slice and dice if you wish, however the enemy of a good plan is the dream of a bette...
by Grt2bOutdoors
Sat Jan 24, 2015 5:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: Separate AA for 529 funds?
Replies: 10
Views: 482

Re: More tax efficient: Total US or Total International?

Is there a reason TISM has been yielding so much more than TSM since 2008? Total International currently has about a 3% yield, which is only 2/3 qualified, but a foreign tax credit of 7% of the yield, so you pay 22.2% tax on 2% and 41.8% tax on 1%, a net tax cost of 0.84%. If the yields are equal (...
by Grt2bOutdoors
Sat Jan 24, 2015 5:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: More tax efficient: Total US or Total International?
Replies: 19
Views: 1722

Re: Separate AA for 529 funds?

Typically, your child will be going to college before you retire. In that case, I would select an age based allocation plan that becomes progressively more conservative as your child approaches college age. You can slice and dice if you wish, however the enemy of a good plan is the dream of a better...
by Grt2bOutdoors
Sat Jan 24, 2015 5:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: Separate AA for 529 funds?
Replies: 10
Views: 482

Re: How to climb up in a megacorp

- Become indispensable to the CEO, CFO, COO, President. - Marry the CEO's daughter - Become friends with someone who sits on the board of directors. You'd be surprised how fast you'll leapfrog over the competition with those techniques. On the other hand, if you fall out of favor (for any reason at ...
by Grt2bOutdoors
Fri Jan 23, 2015 9:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to climb up in a megacorp
Replies: 31
Views: 3802

Re: Yearly Expenses - How am I doing?

I can't argue with the $122 (no idea) part either. While you may have no idea, I have a pretty good idea - manicure, pedicure, hair coloring/highlights, retail therapy/going out with "friends". :) If you want to continue having good relations, don't question it.
by Grt2bOutdoors
Fri Jan 23, 2015 11:05 am
 
Forum: Personal Finance (Not Investing)
Topic: Yearly Expenses - How am I doing?
Replies: 21
Views: 2254

Re: Buying life insurance online

I started with Select Quote, and I thought they were nice to work with. They shop 5 companies. But, I have a friend who is an insurance broker and he offered to shop something like 200 companies. I saved about $300/year over Select Quote's best offer, so it was a better deal, but not amazingly bett...
by Grt2bOutdoors
Fri Jan 23, 2015 11:01 am
 
Forum: Personal Finance (Not Investing)
Topic: Buying life insurance online
Replies: 21
Views: 716

Re: AOTC versus 529 plan [American Opportunity Tax Credit]

No, nothing of interest. The AOTC is oversold, it benefits those who are making less income either willingly or unwillingly. It penalizes those who are well educated and earn wage based income. Um, what? I am not aware of any educational criteria for the AOTC. It's a figure of speech. The point is ...
by Grt2bOutdoors
Fri Jan 23, 2015 10:58 am
 
Forum: Personal Finance (Not Investing)
Topic: AOTC versus 529 plan [American Opportunity Tax Credit]
Replies: 40
Views: 2568

Re: Buying life insurance online

use term4sale.com to obtain the quotes, then call one of the 3 numbers listed for an agent that sells these policies. I've done this process now 3 times, and each time it has been relatively flawless. You tell them your data, you tell them the policy you want to apply for including the annual cost,...
by Grt2bOutdoors
Fri Jan 23, 2015 10:51 am
 
Forum: Personal Finance (Not Investing)
Topic: Buying life insurance online
Replies: 21
Views: 716

Re: AOTC versus 529 plan [American Opportunity Tax Credit]

No, nothing of interest. The AOTC is oversold, it benefits those who are making less income either willingly or unwillingly. It penalizes those who are well educated and earn wage based income. Um, what? I am not aware of any educational criteria for the AOTC. It's a figure of speech. The point is ...
by Grt2bOutdoors
Fri Jan 23, 2015 10:47 am
 
Forum: Personal Finance (Not Investing)
Topic: AOTC versus 529 plan [American Opportunity Tax Credit]
Replies: 40
Views: 2568

Re: AOTC versus 529 plan [American Opportunity Tax Credit]

If you have two educated or skilled trade workers and they each make $75K + in annual income, they are married the end result is you are penalized by not being able to take the AOTC. Your choice is simple - save in the 529 plan or alternative taxable savings account, otherwise your child is going t...
by Grt2bOutdoors
Fri Jan 23, 2015 10:29 am
 
Forum: Personal Finance (Not Investing)
Topic: AOTC versus 529 plan [American Opportunity Tax Credit]
Replies: 40
Views: 2568

Re: Buying life insurance online

use term4sale.com to obtain the quotes, then call one of the 3 numbers listed for an agent that sells these policies. I've done this process now 3 times, and each time it has been relatively flawless. You tell them your data, you tell them the policy you want to apply for including the annual cost, ...
by Grt2bOutdoors
Fri Jan 23, 2015 10:23 am
 
Forum: Personal Finance (Not Investing)
Topic: Buying life insurance online
Replies: 21
Views: 716

Re: Transfer on death plan or Go to dreaded probate?

If you have those kind of assets, your first visit should be to competent estate planning legal firm, not the Bogleheads forum. My two cents - why not place the assets in a living trust, your intentions are stated, the assets should pass outside of probate and if you were so concerned about estate t...
by Grt2bOutdoors
Fri Jan 23, 2015 10:20 am
 
Forum: Personal Finance (Not Investing)
Topic: Transfer on death plan or Go to dreaded probate?
Replies: 6
Views: 835

Re: AOTC versus 529 plan [American Opportunity Tax Credit]

So for families with AGI over $160,000 (my wife and I are a little bit over) is there anything of interest in this conversation? Are there additional reasons to abandon 529 plans for those who don't qualify for AOTC? Our oldest daughter is a HS junior so we are now in the middle of SAT angst and no...
by Grt2bOutdoors
Fri Jan 23, 2015 10:13 am
 
Forum: Personal Finance (Not Investing)
Topic: AOTC versus 529 plan [American Opportunity Tax Credit]
Replies: 40
Views: 2568

Re: 529 tax advantage may go away

Continue using the 529 plan until such proposal become fact. After that, consider using a tax-managed offering such as Tax-Managed Balanced or Capital Appreciation to continue saving for future needs and without the concern that any overfunding will be penalized if you use it for reasons other than ...
by Grt2bOutdoors
Fri Jan 23, 2015 8:58 am
 
Forum: Investing - Theory, News & General
Topic: 529 Plans in Danger?
Replies: 21
Views: 1490

Re: Safe to invest 100% into one fund family? (Mellon Capita

Well BNY Mellon Capital doesn't make it easy to figure out what they are doing. They don't seem to offer anything that we commonly refer to as mutual funds. The "funds" available to you in your Variable Annuity are probably "trusts" that are similar to mutual funds. Agreed! Felt...
by Grt2bOutdoors
Fri Jan 23, 2015 8:55 am
 
Forum: Investing - Theory, News & General
Topic: Safe to invest 100% into one fund family? (Mellon Capital)
Replies: 3
Views: 598

Re: Poll: Principles of Boglehead Philosopy

Keep Investing Costs Low, Diversify Your Investments, Stay the Course! Carry on!
by Grt2bOutdoors
Fri Jan 23, 2015 8:33 am
 
Forum: Investing - Theory, News & General
Topic: Poll: Principles of Boglehead Philosophy
Replies: 66
Views: 3382

Re: Gotta Be a Bear Market Coming

What do you mean "coming"? There's been a bear market in Europe now for the past 3 years, and I've been happily picking up those shares on sale all the while. I'll let you know in 20 years how it turns out. In the meantime, if you were referring to the US market, I haven't seen no honey in...
by Grt2bOutdoors
Fri Jan 23, 2015 8:31 am
 
Forum: Investing - Help with Personal Investments
Topic: Gotta Be a Bear Market Coming
Replies: 64
Views: 7581

Re: When/how to invest monthly savings into taxable?

Re-balance using contributions, if you had to buy/sell every time you saw a 5% deviation from allocation, you will drive yourself crazy besides having to enter those buys and sells on Schedule D of Form 1040. The market can swing 5% in a day or more. Just focus on saving early and often, don't peek ...
by Grt2bOutdoors
Fri Jan 23, 2015 8:29 am
 
Forum: Investing - Help with Personal Investments
Topic: When/how to invest monthly savings into taxable?
Replies: 32
Views: 2785

Re: Young Couple Need Advice

Get rid of the high mileage car - can it go to 300K miles, sure, but you will be needlessly throwing money away, it's at or near the end of it's true useful life. Either purchase a used car as you suggest a 2010+ year model car or investigate as Watty suggested purchasing a base model Corolla or Civ...
by Grt2bOutdoors
Fri Jan 23, 2015 8:25 am
 
Forum: Personal Finance (Not Investing)
Topic: Young Couple Need Advice
Replies: 21
Views: 2112

Re: NYC Teachers' 403b: Fixed Annuity pays 8.25% guaranteed?

This is simply a debtor-creditor relationship. The depositor is the teacher while the bank is the City. It is the same legal relationship as the purchase of a fixed interest annuity. The lender is the teacher and the borrower is the insurance company. The analysis is as easy as that. Does it state ...
by Grt2bOutdoors
Thu Jan 22, 2015 3:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: NYC Teachers' 403b: Fixed Annuity pays 8.25% guaranteed?
Replies: 23
Views: 6668

Re: Surviving the Tax Bite of RMD Withdrawals in Retirement

bsteiner wrote:
The Wizard wrote:... if all your income is taxable would you rather be in the 15% federal tax bracket or the 28% tax bracket? ...


I would prefer to be in the 39.6% Federal bracket.


Same here. Given the choice, I'd rather be collecting income.
by Grt2bOutdoors
Thu Jan 22, 2015 3:34 pm
 
Forum: Investing - Theory, News & General
Topic: Surviving the Tax Bite of RMD Withdrawals in Retirement
Replies: 75
Views: 5880

Re: NYC Teachers' 403b: Fixed Annuity pays 8.25% guaranteed?

Please answer my question. Who says it's the city of NY borrowing any money at all. I did answer your question, a 7% rate is offered similar to an employer which offers a 7 percent match in a deferred retirement account, in this instance it's a tax deferred annuity or TDA as it's commonly known. Yo...
by Grt2bOutdoors
Thu Jan 22, 2015 1:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: NYC Teachers' 403b: Fixed Annuity pays 8.25% guaranteed?
Replies: 23
Views: 6668

Re: Poll: What Percent of TIPS in Taxable Account

At this time there have been 36 responses from people who own TIPS. Of these, 26 hold none of their TIPS in a taxable account. This leaves only 10 who own any TIPS in a taxable account. (Only 9 if you exclude me. :wink:) This is less than I expected. That is surprising to well as well. I actually e...
by Grt2bOutdoors
Thu Jan 22, 2015 11:15 am
 
Forum: Investing - Theory, News & General
Topic: Poll: What Percent of TIPS in Taxable Account
Replies: 27
Views: 1654

Re: NYC Teachers' 403b: Fixed Annuity pays 8.25% guaranteed?

UPDATE: on the interest rate the City pays to borrow the 403(b) savings of members of the Teachers' Retirement System of the City of New York Members of the United Federation of Teachers (teachers' union) collect 7.0 percent while members of other unions still collect 8.25 percent. That said, the C...
by Grt2bOutdoors
Thu Jan 22, 2015 10:53 am
 
Forum: Investing - Help with Personal Investments
Topic: NYC Teachers' 403b: Fixed Annuity pays 8.25% guaranteed?
Replies: 23
Views: 6668

Re: EE bonds vs iBonds

OK I must be missing something about EE bonds. I just checked the treasury direct website and it says the fixed rate on EE bonds is 0.10 %. How are people coming up with over 3% ? The current coupon is 0.10%, however at the 20 year mark (initial maturity), if the value of the bond has not doubled, ...
by Grt2bOutdoors
Thu Jan 22, 2015 10:50 am
 
Forum: Investing - Help with Personal Investments
Topic: EE bonds vs iBonds
Replies: 29
Views: 2385

Re: Real 3% (CPI plus 3% guaranteed)

I'd dig deeply into the question of who conjures this guarentee and how they do it. With other peoples money - either via indirect taxes or outright confiscation. No private sector employer in their right mind would ever offer such a "guarantee", the attorneys would be all over them for t...
by Grt2bOutdoors
Thu Jan 22, 2015 9:12 am
 
Forum: Investing - Help with Personal Investments
Topic: Real 3% (CPI plus 3% guaranteed)
Replies: 21
Views: 1798

Re: Grandma wants to give money to the kids

Disclaimer: I have no idea what I'm talking about, these are just ideas that you could check out with someone who knows what they are talking about. What about an irrevocable trust held at some investment institution? Grandma could contribute to it regularly. She could designate how it is to be inv...
by Grt2bOutdoors
Thu Jan 22, 2015 9:07 am
 
Forum: Investing - Help with Personal Investments
Topic: Grandma wants to give money to the kids
Replies: 8
Views: 2045

Re: What counts as "saving"?

Contributions to retirement plan? Savings. - Investments in taxable accounts? This is more debatable, but if you're investing for the long term then it seems like savings to me. Savings. - 529 contributions? This seems like an expense to me. You're pre-paying for college, in a sense, and it's for s...
by Grt2bOutdoors
Thu Jan 22, 2015 9:01 am
 
Forum: Personal Finance (Not Investing)
Topic: What counts as "saving"?
Replies: 128
Views: 6666

Re: AOTC versus 529 plan

letsgobobby wrote:
livesoft wrote:I'm already thinking of making sure that someone attends the summer session at college. :twisted:

might that someone be you?


No, his wife. :P
by Grt2bOutdoors
Thu Jan 22, 2015 8:45 am
 
Forum: Personal Finance (Not Investing)
Topic: AOTC versus 529 plan [American Opportunity Tax Credit]
Replies: 40
Views: 2568

Re: $1 saved is equal to ....

Andrew Tobias talks about how $1 saved is $2 earned. See, for example, "The only investment guide you'll ever need". My rule of thumb is that 1% saved over a working career will provide 2% income in retirement. It is based on the fact that companies (used to) spend 15% of payroll on defin...
by Grt2bOutdoors
Thu Jan 22, 2015 8:40 am
 
Forum: Personal Finance (Not Investing)
Topic: $1 saved is equal to ....
Replies: 7
Views: 1668

Re: Prioritizing our next financial moves

You're doing a great job! :sharebeer As the other posters have already said, I'd be in no hurry to pay off a sub 1% auto loan. The taxable account is a good idea, however since the intention is to use it to pay off the mortgage you don't want to invest it in overly risky funds. A 30/70 mix might be ...
by Grt2bOutdoors
Thu Jan 22, 2015 8:35 am
 
Forum: Personal Finance (Not Investing)
Topic: Prioritizing our next financial moves
Replies: 13
Views: 1334

Re: When is cash still king?

Cash is still king: 1. when you want privacy 2. in a hurry at a restaurant 3. credit/debit card not accepted 4. discount for cash is larger than cash back on credit card 5. avoiding card theft fraud (Home Depot, Target) 6. tooth fairy duties ^That and paying an allowance, my child unfortunately doe...
by Grt2bOutdoors
Thu Jan 22, 2015 8:28 am
 
Forum: Personal Finance (Not Investing)
Topic: When is cash still king?
Replies: 26
Views: 2753

Re: 529 Plans in Danager?

There are two other threads on this - both were locked. This will likely be locked as well. Forum policy does not permit talk about pending legislation or proposed legislation, only passed legislation. Since we are in the proposal stage only, I will not comment.
by Grt2bOutdoors
Thu Jan 22, 2015 8:23 am
 
Forum: Investing - Theory, News & General
Topic: 529 Plans in Danger?
Replies: 21
Views: 1490

Re: I'm thinking about making very large 529 contributions A

From your previous posts, you already indicated you have a large 6 figure balance in your 529 plan + a prepaid tuition plan. I see you are seeking to bolster your estate planning. :wink: I am not, I'll pay my house off first. What's more illiquid - real estate I live in and use or a plan where it's...
by Grt2bOutdoors
Wed Jan 21, 2015 3:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: I'm thinking about making very large 529 contributions ASAP
Replies: 63
Views: 4292

Re: Ethics of an advisor "handing you off" to a colleague

You know what to do - fill out a transfer form moving your assets from them to Vanguard or a firm like Fidelity. Use only index funds to keep your expenses low. Then drop your FA a line after the move was completed informing them that you decided to move your business elsewhere since it clearly was ...
by Grt2bOutdoors
Wed Jan 21, 2015 2:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Ethics of an advisor "handing you off" to a colleague
Replies: 38
Views: 2896
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