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Re: A safe full of cash

Maybe I read too many thrillers! :mrgreen: I think you need to add Cormac McCarthy to your reading list, or put movies based on his novels in your Netflix queue. "No Country for Old Men" should cure you of the urge to hang on to large amounts of cash. "The Road" might convince y...
by House Blend
Fri Sep 19, 2014 3:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: A safe full of cash
Replies: 22
Views: 2816

Re: Help! Are we making a huge mistake?

Do you want to leave an inheritance to your children or a charity? If so, I'd be more inclined to take the $3m now. It would be nice to leave an inheritance for the kids. Ron Lieber at the NYT has an article reporting on research that says this line of thinking is misguided: http://www.nytimes.com/...
by House Blend
Fri Sep 19, 2014 2:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help! Are we making a huge mistake?
Replies: 21
Views: 3058

Re: How to best adjust asset allocation as years pass

Adjusting an AA for .5% increments just doesn't make sense to me. Assuming that you have not had a significant life changing event I can't imagine a reason to change your target AA more often than every five years or so, maybe even every ten as others have suggested. AFAIK my AA can drift +/- 5% be...
by House Blend
Thu Sep 18, 2014 10:58 am
 
Forum: Investing - Help with Personal Investments
Topic: How to best adjust asset allocation as years pass
Replies: 21
Views: 1681

Re: CalSTRS 403(b) Pension2 to migrate to Voya/ING

Received same letter today, indicating I had to actively move my TIAA traditional (fixed) assets over to Voya. After phone calls, it was clear that ALL my TIAA/CREF accounts would be moved to Voya. The comparative rates between the Voya fixed account and the TIAA account have a Voya as a loser. As ...
by House Blend
Wed Sep 17, 2014 2:32 pm
 
Forum: Investing - Theory, News & General
Topic: CalSTRS 403(b) Pension2 to migrate to Voya/ING
Replies: 15
Views: 1337

Re: Vanguard's Market Neutral Fund

There have been previous discussions of this fund here on BH. Try this thread:
http://www.bogleheads.org/forum/viewtopic.php?t=61947

FWIW, I would never choose a fund based on some morningstar medal.
by House Blend
Wed Sep 17, 2014 1:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard's Market Neutral Fund
Replies: 4
Views: 528

Re: Any success stories of ppl who never made >$50,000?

This is a tough crowd to hang with if you are merely "middle class" which is too bad because the principles are the same. I have noticed several lower income first time posters that don't seem to come back after their first post. Agreed. I made <50k until about two years ago, and was able...
by House Blend
Tue Sep 16, 2014 5:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Any success stories of ppl who never made >$50,000?
Replies: 149
Views: 9672

Re: Roth Conversion Caution

What I did not know at the time, was the IRS formula for the amount of my social security that is taxed. Most information says up to 85%, but if you have a middle class income, the amount taxed, can be much less than the 85%. I converted $24k to a Roth, but I then moved from 40% of SS taxed to 85% ...
by House Blend
Sun Sep 14, 2014 2:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion Caution
Replies: 9
Views: 1197

Re: Vanguard Lost $50k

Just to be clear VG does not monitor this forum particularly--at least not officially--so it is highly unlikely that anything said here changed anything or could be tied back to you with enough specificity to effect change. They fixed it because it was in error. Glad to hear that the mistake was co...
by House Blend
Thu Sep 11, 2014 3:58 pm
 
Forum: Personal Consumer Issues
Topic: Vanguard Lost $50k
Replies: 103
Views: 10713

Re: My 30-day trial experience with Betterment

The TLH algorithm must be sort of interesting, you are depositing frequently but then they need to not run afoul of the wash sale rule. And apparently they are pretty opaque on the details of what is going on behind the scenes. It would seem they need some sort of window in which they hold deposits...
by House Blend
Thu Sep 11, 2014 2:55 pm
 
Forum: Investing - Theory, News & General
Topic: My 30-day trial experience with Betterment
Replies: 6
Views: 1032

Re: How well do you understand retirement finance?

No option for understanding retirement finance that isn't 401k and SS? That's all I could think of that would be significant. What are the other significant issues? I think changing the options invalidates all the existing votes, so I'm not sure I want to do that, but I'm certainly interested in wh...
by House Blend
Thu Sep 11, 2014 2:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: How well do you understand SS and tax-deferral issues?
Replies: 16
Views: 853

Re: What should be Shredded

Shredding all of this would be a monumental task. Look for a free shredding event in your community. My credit union offers one about once a year--they let you bring up to X bankers boxes of stuff to shred at no cost. I do have a cross-cut shredder at home for the onesies and twosies, but have used...
by House Blend
Wed Sep 10, 2014 12:13 pm
 
Forum: Personal Consumer Issues
Topic: What should be Shredded
Replies: 18
Views: 1413

Re: Do you keep paper copies of your investment statements?

I already have electronic statements which I can download from their web site . Suppose the company went bankrupt and I lost access to their web site, would having paper instead of electronic copies be more beneficial to prove my assets with that company? Or does it matter? I prefer paper for annua...
by House Blend
Tue Sep 09, 2014 3:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you keep paper copies of your investment statements?
Replies: 33
Views: 1891

Re: I am kind of stuck & I am not sure what to do from here

... If tax laws stay as they are (ok, you can stop laughing now), and the OP remains in the 15% bracket in a no tax state, s/he will have negative tax costs for holding VTIAX in taxable. Yes, the Feds will be paying him/her to hold this fund in taxable. (Due to the foreign tax credit.) ... In a lau...
by House Blend
Tue Sep 09, 2014 11:05 am
 
Forum: Investing - Help with Personal Investments
Topic: I am kind of stuck & I am not sure what to do from here
Replies: 10
Views: 1547

Re: I am kind of stuck & I am not sure what to do from here

19%, Vanguard Wellesley Income Fund Investor Shares (VWINX) according to vanguard this fund is 60-65% bonds at all times & 35-40% stocks. If my calculations are correct, this has my bond allocation of atleast 11% at all times. Sorry, my mistake--I had the Wellesley AA backwards. (Still, the ori...
by House Blend
Tue Sep 09, 2014 10:40 am
 
Forum: Investing - Help with Personal Investments
Topic: I am kind of stuck & I am not sure what to do from here
Replies: 10
Views: 1547

Re: need help choosing options at TIAA-CREF

glosing, I see from your other thread that your spouse is in the real estate business. On that basis, your family wealth is going to be correlated with the real estate market, so you should think twice before establishing a significant position in TIAA Real Estate. I am the spouse in the real estat...
by House Blend
Mon Sep 08, 2014 5:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: need help choosing options at TIAA-CREF
Replies: 34
Views: 1514

Re: I am kind of stuck & I am not sure what to do from here

Generally it is to your advantage to make IRA (including Roth) contributions for a given year as early as possible to maximize the tax-deferred or tax-free inventment potential. If tax laws stay as they are (ok, you can stop laughing now), and the OP remains in the 15% bracket in a no tax state, s/...
by House Blend
Mon Sep 08, 2014 3:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: I am kind of stuck & I am not sure what to do from here
Replies: 10
Views: 1547

Re: need help choosing options at TIAA-CREF

glosing,

I see from your other thread that your spouse is in the real estate business. On that basis, your family wealth is going to be correlated with the real estate market, so you should think twice before establishing a significant position in TIAA Real Estate.
by House Blend
Mon Sep 08, 2014 3:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: need help choosing options at TIAA-CREF
Replies: 34
Views: 1514

Re: I am kind of stuck & I am not sure what to do from here

Welcome to the forum. Not sure I understand what the problem is you are trying to avoid. Is your income lumpy? If not, and you are able to save $X every month, why not just buy $X worth of one fund every month, whichever one is most below target? You will need to make sure that the Roth gets its fil...
by House Blend
Mon Sep 08, 2014 3:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: I am kind of stuck & I am not sure what to do from here
Replies: 10
Views: 1547

Re: Vanguard Lost $50k

One part of this story being ignored is how useless "flagship" (or other special representatives) are in solving problems. I had a different problem with my account and my "special" representative was no help whatsoever in getting it fixed. Well, in every sufficiently large grou...
by House Blend
Mon Sep 08, 2014 11:59 am
 
Forum: Personal Consumer Issues
Topic: Vanguard Lost $50k
Replies: 103
Views: 10713

Re: Specific identification of shares and Vanguard

... the numbers Vanguard will provide you with will be accurate and you will not have to track it yourself. Unless Vanguard makes a mistake. I prefer to also keep track of it myself. But then I also reconcile my check register and credit card statements too. Good point...but I think if people are l...
by House Blend
Mon Sep 08, 2014 11:30 am
 
Forum: Investing - Theory, News & General
Topic: Specific identification of shares and Vanguard
Replies: 9
Views: 741

Re: Specific identification of shares and Vanguard

If little pain remains, then maybe everyone should really be using specific identification? Specific ID for covered shares should be the preferred choice for a Boglehead who wants to minimize tax costs. How can one see all the tax lots for a fund at Vanguard? Does that require first setting the cos...
by House Blend
Sun Sep 07, 2014 4:30 pm
 
Forum: Investing - Theory, News & General
Topic: Specific identification of shares and Vanguard
Replies: 9
Views: 741

Re: POLL: Has a financial firm made a mistake with your mone

I've had lots of weird things happen over the years. Probably the biggest mistake involved my bank, but was the fault of my employer. It was the early 90's, long before everyone could do their banking over the internet. High tech meant using a touch tone phone to do balance inquiries or pay off a cr...
by House Blend
Sun Sep 07, 2014 10:17 am
 
Forum: Personal Finance (Not Investing)
Topic: POLL: Has a financial firm made a mistake with your money?
Replies: 52
Views: 2636

Re: Reinvest dividends and capital gains?

Thanks for the answers, I am in the accumulation phase, use Vanguard TSM and TISM index funds in my taxable account and am in the high tax bracket. I would reinvest all the gains/dividends regardless where they go. The goal would be to avoid of small lots. It would make sense then to direct both th...
by House Blend
Sat Sep 06, 2014 8:55 am
 
Forum: Investing - Help with Personal Investments
Topic: Reinvest dividends and capital gains?
Replies: 44
Views: 3794

Re: Optimizing Tax Efficiency vs. Minimizing Expenses

TIAA Traditional Annuity RA (currently 3.50%, guaranteed min 3.00%) TIAA Traditional Annuity GSRA (currently 3.00%, guaranteed min 3.00%) And this is a better way to hold fixed income. I prefer the RA for the higher returns (usually 0.75% higher), although it is less liquid; the GSRA can be liquida...
by House Blend
Fri Sep 05, 2014 2:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: Optimizing Tax Efficiency vs. Minimizing Expenses
Replies: 32
Views: 2132

Re: IRA asset allocation and taxes

My taxes are significant and I feel I could reduce taxes markedly by how I allocate my investments in my traditional IRA and my ROTH. From what I'm seeing so far, it appears that if I put my stocks in my ROTH and my bonds in the traditional IRA I would save in taxes. Am I correct? There's no way fo...
by House Blend
Fri Sep 05, 2014 2:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: IRA asset allocation and taxes
Replies: 5
Views: 441

Re: IRA asset allocation and taxes

In many scenarios it is perfectly sane to use the same allocation in both Roth and trad IRAs. This way you know for sure that your risk exposures are not being distorted by taxation effects. (Such distortions are often poorly understood by the "stocks in Roth" fanatics.) If your IRA withdr...
by House Blend
Thu Sep 04, 2014 5:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: IRA asset allocation and taxes
Replies: 5
Views: 441

Re: Optimizing Tax Efficiency vs. Minimizing Expenses

No, I do not qualify to contribute to a Roth. If this is your first time investing and you have no money in an IRA, you can almost certainly do a backdoor Roth IRA if your income is too high to contribute directly to a Roth IRA: http://www.bogleheads.org/wiki/Backdoor_Roth_IRA Yes, I have read abou...
by House Blend
Wed Sep 03, 2014 3:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: Optimizing Tax Efficiency vs. Minimizing Expenses
Replies: 32
Views: 2132

Re: Eliminate small MF lots?

And never reinvest dividends in taxable accounts, creates a PITA for recordkeeping. I just made my first purchase of a fund in my VG taxable account and elected to reinvest any distributions...now you have me concerned that I've misunderstood something. Aren't these shares considered to be 'covered...
by House Blend
Tue Sep 02, 2014 10:06 am
 
Forum: Investing - Help with Personal Investments
Topic: Eliminate small MF lots?
Replies: 16
Views: 1127

Re: Bonds for young(er) people

As I often say on bond threads, don't overthink this and resist the temptation to collect a few funds to "diversify". The only other candidates for THE bond recommendation are the tax-exempt fund for taxable accounts and high tax brackets, and bank CDs which are right now very attractive ...
by House Blend
Mon Sep 01, 2014 11:15 am
 
Forum: Investing - Help with Personal Investments
Topic: Bonds for young(er) people
Replies: 10
Views: 883

Re: How does the Tax-Managed Balanced achieve tax efficiency

My concern there is rebalancing - do they do something special with the balanced fund to cause lower tax impact than if I did the rebalancing myself? And if I did it myself, would I need to do it every year plus one day to make the gains be long-term? A mini-essay on tax-efficiency: If you are conc...
by House Blend
Mon Sep 01, 2014 10:57 am
 
Forum: Investing - Help with Personal Investments
Topic: How does the Tax-Managed Balanced achieve tax efficiency?
Replies: 6
Views: 676

Re: milestones, skepticism, wealth creation. A thought

Here is my thinking on this: If one is saving a lot, then they will have maxed out their retirment plan contributions and will be forced to save in a taxable account. Or perhaps one has received a significant inheritance that ended up in a taxable account. In any event, Line 9a is a measure of most...
by House Blend
Fri Aug 29, 2014 3:29 pm
 
Forum: Investing - Theory, News & General
Topic: milestones, skepticism, wealth creation. A thought
Replies: 15
Views: 1694

Re: I'd buy an S&P 500 index fund in a pinch

Front-running may be getting harder to do with the S&P500, but at least historically it has been another reason to prefer other US indexes. Opportunities to front-run an index that includes almost everything are much rarer. Even though it has slightly higher expenses, I prefer VG Large Cap Index...
by House Blend
Fri Aug 29, 2014 1:02 pm
 
Forum: Investing - Theory, News & General
Topic: I'd buy an S&P 500 index fund in a pinch
Replies: 45
Views: 5665

Re: TLH in the 15% bracket conundrum(?)

I have this carryover which can allow $3k in income (mostly interest and qualified dividends, some small pension proceeds) to be offset but there will be some Capital Gains in mutual funds and I cannot ascertain how to make the best use of the carryover. If it offsets gains that would otherwise not...
by House Blend
Fri Aug 29, 2014 10:28 am
 
Forum: Personal Finance (Not Investing)
Topic: TLH in the 15% bracket conundrum(?)
Replies: 4
Views: 462

Re: Own the same fund in multiple accounts?

^Doesn't apply to the OP (no taxable account), but I try to avoid any duplication of funds between taxable and tax-advantaged. The reason is that it is very easy to create the bad kind of wash sale whenever you sell at a loss in taxable. Especially if you are reinvesting dividends in tax-advantaged....
by House Blend
Thu Aug 28, 2014 5:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Own the same fund in multiple accounts?
Replies: 9
Views: 934

Re: Cost Basis Method

I sent Vanguard a secure Email identifying which lots to sell, and what I had paid for the lots. I've used SpecID on noncovered shares without telling Vanguard. I just keep track of what I paid and received and report the info on my tax forms. Hopefully it won't come back to bite me. In order to us...
by House Blend
Thu Aug 28, 2014 5:00 pm
 
Forum: Investing - Theory, News & General
Topic: Cost Basis Method
Replies: 16
Views: 1034

Re: help with the math...

You are right.

Ask "they" how much the 2014 total would have been if the increase had been 1%.

Hint: Going from 429,889 to a final total of 4,289, most people would call that a loss.
by House Blend
Tue Aug 26, 2014 5:44 pm
 
Forum: Investing - Theory, News & General
Topic: help with the math...
Replies: 2
Views: 429

Re: 403b excessive fees?

I have received plan servicing credits in Q4 for the past couple of years. Recordkeeping for a 403(b) plan costs money. You can be sure that your employer is paying for it, even if the employer has chosen not to take the costs directly out of your wages or retirement plan assets. My understanding of...
by House Blend
Tue Aug 26, 2014 10:15 am
 
Forum: Investing - Help with Personal Investments
Topic: 403b excessive fees?
Replies: 4
Views: 469

Re: Newbie roth ira question

The IRA contribution limit has no effect on the 401k limit and vice-versa. And for age 50+, the IRA contribution limit is $6500, not $5500. You may want to do a rollover of the 401K to an IRA. (Not clear to me whether having the IRA titled in your name is an option, but if so, it is preferable. In a...
by House Blend
Mon Aug 25, 2014 8:58 am
 
Forum: Investing - Theory, News & General
Topic: Newbie roth ira question
Replies: 3
Views: 418

Re: Old Employer 401K to Vanguard Traditional IRA

I'm not sure why posters here treat the Back Door Roth as an either/or issue - having pre-tax t-IRA contributions just means that you can't convert the after-tax t-IRA to a Roth and get away with paying no tax. Clearly, if the 401k you are rolling over is large then it negates the benefit of the Ba...
by House Blend
Sun Aug 24, 2014 9:55 am
 
Forum: Investing - Help with Personal Investments
Topic: Old Employer 401K to Vanguard Traditional IRA
Replies: 11
Views: 983

Re: Old Employer 401K to Vanguard Traditional IRA

retiredjg wrote:Does your wife have a new 403k/403b? Could the money be rolled there?

This question has already been asked and answered. Yes and yes, but the new plan has high ERs also.
by House Blend
Sun Aug 24, 2014 8:50 am
 
Forum: Investing - Help with Personal Investments
Topic: Old Employer 401K to Vanguard Traditional IRA
Replies: 11
Views: 983

Re: Old Employer 401K to Vanguard Traditional IRA

hkal, You can think of the 0.93% difference in ER (1.01% - 0.18%) as an annual tax you are paying by using the TD fund in her 401K versus a comparable TD fund in a VG IRA. If you pay this tax for 10-ish years, that's a ~10% tax cost. When thinking about a Roth conversion of this money, compare that ...
by House Blend
Sun Aug 24, 2014 8:23 am
 
Forum: Investing - Help with Personal Investments
Topic: Old Employer 401K to Vanguard Traditional IRA
Replies: 11
Views: 983

Re: Slice n Dicers: How much have you outperformed?

Also many people cannot calculate their return anyways. I think that's a reason that advisors have done so well: No double checking of any number they report. :) Here is an old post with a chart of three-fund benchmark returns: http://www.bogleheads.org/forum/viewtopic.php?p=1430714#p1430714 Namely...
by House Blend
Sat Aug 23, 2014 9:03 pm
 
Forum: Investing - Theory, News & General
Topic: Slice n Dicers: How much have you outperformed?
Replies: 20
Views: 2489

Re: Question about wiki, SS taxation

How much income other than SS income would one need to have before the 'taxability' of SS benefits maxes out? I can handle that one for you: It maxes out when your "other" (non SS) income is S/2 + $44000 - $12000/(2*0.85) = S/2 + $36,941 (for MFJs) S/2 + $34000 - $9000/(2*0.85) = S/2 + $2...
by House Blend
Sat Aug 23, 2014 8:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Question about wiki, SS taxation
Replies: 8
Views: 1065

Re: Investors Pour Into Vanguard, Eschewing Stock Pickers

spectec wrote:Eschew Stock Pickers
Eschew Obfuscation

Ah, but I repeat myself

Superfluity does not vitiate.
by House Blend
Thu Aug 21, 2014 2:09 pm
 
Forum: Investing - Theory, News & General
Topic: Investors Pour Into Vanguard, Eschewing Stock Pickers
Replies: 70
Views: 6976

Re: Roth IRA mistake help

1. Whether it is in one IRA or two doesn't matter. Once you make a non-deductible contribution to an IRA, then you file a Form 8606 to document the contribution. If this was a 2010 contribution, and you neglected to file Form 8606 with it, you can do it now without having to file an amended return. ...
by House Blend
Thu Aug 21, 2014 10:22 am
 
Forum: Personal Finance (Not Investing)
Topic: Roth IRA mistake help
Replies: 2
Views: 585

Re: Why only stocks in a taxable account at retirement?

I've read on this board on a few threads that people do not change how they are invested when they retire. I don't understand why. :?: Some people continue, but I'd say that ramping down equity risk in the few years before and after retirement is very common. And then there's the latest fad making ...
by House Blend
Wed Aug 20, 2014 1:02 pm
 
Forum: Investing - Theory, News & General
Topic: Why only stocks in a taxable account at retirement?
Replies: 26
Views: 1874

Re: POLL: Age for Collecting Social Security Benefits

If [various hypotheticals], then it makes sense to wait. But those are ifs, and the personal ones are hard to estimate until you're close to that point in life. +1. I'd guess that a fair percentage of the votes for age 70 in this poll are from people who won't live that long. My default assumption ...
by House Blend
Wed Aug 20, 2014 10:29 am
 
Forum: Personal Finance (Not Investing)
Topic: POLL: Age for Collecting Social Security Benefits
Replies: 103
Views: 7499

Re: Roth Conversion - Old Age

Parents are currently 65 & 59. His IRA $480K, Her IRA $140K, $120K in bank. Married, file jointly. Her Pension: $480 His Pension: $1,893 SS: $1,833 Able to live off this so don't need to take withdrawals from His IRA yet and may not have to for a while. They are in the 15% tax bracket and live ...
by House Blend
Tue Aug 19, 2014 4:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion - Old Age
Replies: 31
Views: 1191

Re: Why would anyone own a treasury bond fund?

Shrug. 1) I like the easy-come-easy-go of a fund. Automatic reinvestment of dividends. No need to purchase or sell in large chunks. 2) I don't have much choice: roughly 4% of assets in an IRA, the rest is either not appropriate for 10 year T Bonds (taxable) or not available (employer's plan). 3) I'm...
by House Blend
Tue Aug 19, 2014 1:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Why would anyone own a treasury bond fund?
Replies: 20
Views: 1738

Re: Online property tax payment lost

For property tax, I pay online via ACH.

Maybe it's unusual, but my county makes the payment history of every property available online. So after I pay, I monitor the website daily until I see that my payment has been credited. Usually takes 2-3 days. No need for a receipt.
by House Blend
Mon Aug 18, 2014 10:52 am
 
Forum: Personal Finance (Not Investing)
Topic: Online property tax payment lost
Replies: 23
Views: 1422
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