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Re: Financial Planners, DFA, and your opinions please!

I suggest you browse around EmergDoc's blog site for MD investors.
http://whitecoatinvestor.com/new-to-the ... tart-here/

I don't know for sure but you might find something useful for your wife's upcoming decisions on buying in and retirement.
JW
by JW Nearly Retired
Sat Aug 30, 2014 1:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Financial Planners, DFA, and your opinions please!
Replies: 19
Views: 558

Re: [Sell off individual stocks?] How many own zero/few stoc

It was never a very large portion of our portfolio but at one time we had something like 10 individual stocks, many inherited long ago. Thanks to 2008/09 and gifting to the kids this year we have been able to get rid of all but three. Since 3 stocks are an obvious risk we will gift these over the ne...
by JW Nearly Retired
Sat Aug 30, 2014 9:42 am
 
Forum: Investing - Help with Personal Investments
Topic: [Sell off individual stocks?] How many own zero/few stocks?
Replies: 68
Views: 2607

Re: WSJ: Firing One's Advisor

Two new WSJ articles on Firing Your Advisor. http://online.wsj.com/articles/why-i-fired-my-financial-adviser-1409323717 If the knowledgable cannot find a good advisor, is there hope for anyone else? Even worse, is why is this guy writing for the WSJ anyways? After this confession, perhaps no one sh...
by JW Nearly Retired
Fri Aug 29, 2014 6:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: WSJ: Firing One's Advisor
Replies: 18
Views: 1748

Re: When to take Social Security

Will the difference in the amount of money I receive from Social Security comparing starting at age 66 versus age 70 be the same regardless of whether I am working or retired between the ages of 66 and 70? Assume that if I worked between 66 and 70, I would be earning the same amount of money as I h...
by JW Nearly Retired
Fri Aug 29, 2014 5:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: When to take Social Security
Replies: 4
Views: 546

Re: Does it make any sense to switch from VFIAX to VTSAX?

However, the reason I'm owning VFINX is more of a newbie's mistake than planned allocation though :( I had VTSMX, but I switched to VFINX in 2008 to harvest the lost. I thought they were pretty much the same and I didn't know I could just switch back after 30 days. Now I racked up this huge gain (t...
by JW Nearly Retired
Fri Aug 29, 2014 12:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: Does it make any sense to switch from VFIAX to VTSAX?
Replies: 20
Views: 2530

Re: Backdoor Roth dreams, traditional IRA in the way

Spouse has ~42K in a traditional IRA at Vanguard that is standing in the way of a Backdoor Roth. Spouse's company 401(k) plan will accept incoming rollovers, but the plan has a 0.85% intermediary fee that is assessed on all assets (in addition to each fund's expense ratios). We had planned to roll ...
by JW Nearly Retired
Thu Aug 21, 2014 9:19 am
 
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth dreams, traditional IRA in the way
Replies: 9
Views: 966

Re: New Investor!! Did I make a mistake?

livesoft wrote:
convestor21 wrote:
Could some other people weigh in on this? Is this a possibility?

It is unlikely to be a possibility because of the kiddie tax rules. However, "unlikely" does not mean "impossible".

Oops. Good catch. My kiddies are so fortyish I had forgotten about the kiddie tax.
JW
by JW Nearly Retired
Tue Aug 19, 2014 8:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: New Investor!! Did I make a mistake?
Replies: 39
Views: 1563

Re: New Investor!! Did I make a mistake?

Hi, I am a relatively inexperienced investor and I recently exchanged funds from one mutual fund to another on Vanguard. I took $10,000 out of Vanguard Star Fund that has about $50,000 and moved it into the Growth Index Admiral Fund. My cost-basis method is average cost. I just turned 21 so my fath...
by JW Nearly Retired
Tue Aug 19, 2014 8:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: New Investor!! Did I make a mistake?
Replies: 39
Views: 1563

Re: Close to retirement(6years) - want to maximize investmen

Hi, I try to be an informed investor, but clearly, no match for the members on this site. I'd like either validation that I'm on the right track and/or guidance on what to do now. Background: single,female, engineer- will have a pension but want to be sure my investments grow/income ... I currently...
by JW Nearly Retired
Tue Aug 19, 2014 5:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Close to retirement(6years) - want to maximize investments
Replies: 12
Views: 1168

Re: So am I a terrible father? [inheritance question]

OP here. Thanks for all your thoughtful responses. Another factor for me, at least for the next 2 years until I hit 65/Medicare age, is keeping TIRA withdrawals (my only income) low enough to get the maximum Obamacare subsidy. Although I'm thinking over the long run, saving $12,000 over the next tw...
by JW Nearly Retired
Tue Aug 19, 2014 12:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: So am I a terrible father? [inheritance question]
Replies: 31
Views: 4450

Re: Carrara Marble - Large Orange Stain

Perhaps a marble/granite supplier could take a few thousandths off the top and remove the stain. I'd call around to see if that is feasible. gatorman We have had several stained marble table tops re-polished by a marble supply. Works great and it was very inexpensive. Marble is porous so be sure to...
by JW Nearly Retired
Tue Aug 19, 2014 9:19 am
 
Forum: Personal Consumer Issues
Topic: Carrara Marble - Large Orange Stain
Replies: 13
Views: 1324

Re: Retirement Party [Investment] Discussions

She was surprised by the following aspects of my plan: 1. Wait to collect the Social Security at the age of 70. 2. Make Roth conversions during early-retirement years. 3. Use some of my investment "principal"--in addition to the interest--while waiting for the Social Security and paying t...
by JW Nearly Retired
Tue Aug 19, 2014 8:51 am
 
Forum: Investing - Theory, News & General
Topic: Retirement Party [Investment] Discussions
Replies: 50
Views: 4060

Re: Spouse not ready to cut ties with financial advisers

So why not use shares of the many funds that have no loads or 12b1 fees. Vanguard/Fidelity/T.Rowe Price/Schwab/.......to name a few. The AUM fee should satisfy the advisor. Any fee from the fund is a conflict of interest. JW Because with the sales loads are waived, no-load funds may not be less exp...
by JW Nearly Retired
Tue Aug 19, 2014 8:20 am
 
Forum: Investing - Help with Personal Investments
Topic: Spouse not ready to cut ties with financial advisers
Replies: 111
Views: 8507

Re: Spouse not ready to cut ties with financial advisers

It is highly unlikely an AUM account is also collecting front end loads. More accurately unlikely it ever did, as these are collected only once. Don't embarrass yourself and weaken your position by assuming bad behavior that isn't so. To find out you would have to look at your original transactions...
by JW Nearly Retired
Mon Aug 18, 2014 8:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: Spouse not ready to cut ties with financial advisers
Replies: 111
Views: 8507

Re: So am I a terrible father? [inheritance question]

I'm 62, just retired, with a low-seven figure TIRA, considering converting about $30,000/year for the next 8 years (15% marginal tax bracket) before I start taking SS and pension at 70, and before RMD starts at 70 1/2. My question: we would be leaving bulk of the TIRA to daughter, who is in a low-p...
by JW Nearly Retired
Mon Aug 18, 2014 8:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: So am I a terrible father? [inheritance question]
Replies: 31
Views: 4450

Re: In-Law Financial Issues (long)

My parents lived a similar life. Always made a decent (100k+) household income but didn't save any of it. Their retirement was certainly destined to be nothing special while mostly relying on social security. My mother didn't get to see it though; she passed away from breast cancer at the age of 59...
by JW Nearly Retired
Mon Aug 18, 2014 4:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: In-Law Financial Issues (long)
Replies: 44
Views: 4146

Re: Spouse not ready to cut ties with financial advisers

It is highly unlikely an AUM account is also collecting front end loads. More accurately unlikely it ever did, as these are collected only once. Don't embarrass yourself and weaken your position by assuming bad behavior that isn't so. To find out you would have to look at your original transactions...
by JW Nearly Retired
Mon Aug 18, 2014 11:35 am
 
Forum: Investing - Help with Personal Investments
Topic: Spouse not ready to cut ties with financial advisers
Replies: 111
Views: 8507

Re: Question about Backdoor Roth

I wanted to do a backdoor roth for my wife this year. She only has a 401K, no SEP, Simple, etc. I do have IRA's. At this point I cannot roll them into a 401K. My question: Does it matter if a spouse has a SIMPLE or Traditional IRA? Can my wife do a roth IRA every year? Or because I have IRA and we ...
by JW Nearly Retired
Mon Aug 18, 2014 9:42 am
 
Forum: Investing - Help with Personal Investments
Topic: Question about Backdoor Roth
Replies: 3
Views: 214

Re: Spouse not ready to cut ties with financial advisers

We have: Taxable #1: 1.28M SPECX 25% LBSAX 10% FGFAX 17% SHRAX 20% ODMAX 6% POAGX 21% Taxable #2: 510,000 SPECX 33% LBSAX 7% FGFAX 21% SHRAX 12% POAGX 13% POSKX 12% His IRA: 335,000 Individual Tech stocks: 7% SPECX 16% FGFAX 15% SHRAX 30% ODMAX 7% POAGX 25% Her IRA: 214,000 Individ Tech: 11% SPECX:...
by JW Nearly Retired
Sun Aug 17, 2014 10:03 am
 
Forum: Investing - Help with Personal Investments
Topic: Spouse not ready to cut ties with financial advisers
Replies: 111
Views: 8507

Re: [when to sell funds if capital gains trigger Medicare ta

The funds I have were originally purchased something like 15-20 years ago, and some of them were the result of one mutual fund closing down and being transferred to another fund. Coming up with a costs basis is going to be serious legwork, followed up by some guesses I fear. I have some limited inf...
by JW Nearly Retired
Sat Aug 16, 2014 10:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: [when to sell funds if capital gains trigger Medicare tax?]
Replies: 12
Views: 795

Re: Spouse not ready to cut ties with financial advisers

We employ a two-man team to manage our portfolio. They have a pretty standard 1% AUM and we have about $3,000,000 in assets with them. Over the last couple of years, I've had to be a lot more watchful to make sure they're paying attention. They mostly seem to have our investments on autopilot. They...
by JW Nearly Retired
Sat Aug 16, 2014 9:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Spouse not ready to cut ties with financial advisers
Replies: 111
Views: 8507

Re: Avoiding the 3.8% medicare tax - when does it make sense

I have come into ownership of about 9 different class A active funds, many with expense ratios > 1%, high turnover, and many doing the same thing (i.e. multiple large cap growth funds). These funds were originally purchased by my parents, who are less comfortable making investment decisions and rel...
by JW Nearly Retired
Sat Aug 16, 2014 2:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: [when to sell funds if capital gains trigger Medicare tax?]
Replies: 12
Views: 795

Re: Should I Invest in both T-IRA & R-IRA?

This poster mentions "we" and "our" so I think this is probably a couple. I mention that because a single person with even a modest pension can easily end up in the 25% bracket at retirement ($36,900). That same pension is not going to do the same thing to a couple - their 25% b...
by JW Nearly Retired
Sat Aug 16, 2014 10:18 am
 
Forum: Investing - Help with Personal Investments
Topic: Should I Invest in both T-IRA & R-IRA?
Replies: 34
Views: 1288

Re: Should I Invest in both T-IRA & R-IRA?

It is likely I will have a military pension as well as SS. Because a good % of my military pay isn't taxed, we could get very close to the current 15% bracket if I went all Traditional TSP ($17,500). I know it is impossible to look into my crystal ball and wonder know what my bracket will be in ret...
by JW Nearly Retired
Fri Aug 15, 2014 9:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I Invest in both T-IRA & R-IRA?
Replies: 34
Views: 1288

Re: Why is a back door Roth necessary

Large tIRAs prevent high income people from doing a Roth contribution via the backdoor unless they pay large pro-rata tax. Those that choose to convert the tIRA money anyway increase current tax receipts.
These could be reasons.
JW
by JW Nearly Retired
Fri Aug 15, 2014 11:30 am
 
Forum: Personal Finance (Not Investing)
Topic: Why is a back door Roth necessary
Replies: 6
Views: 869

Re: Roth questions from an MD

So, while I agree with EmergDoc's thinking (39.6% now is the same money as $39.6% later), I am having trouble picturing how most very high income earners could actually be paying 39.6% later. Even if they are actually in the 39.6% bracket. Agree. No way. I tried putting $0.5M and $1M RMD retirement...
by JW Nearly Retired
Fri Aug 15, 2014 11:04 am
 
Forum: Personal Finance (Not Investing)
Topic: Roth questions from an MD
Replies: 28
Views: 2153

Re: Should I Invest in both T-IRA & R-IRA?

If your "TSP" is the Federal gov savings plan, or something like it, then I probably wouldn't be using a Roth version of it. Traditional TSP and a Roth IRA is usually a better mix. However, it would help us to know what else you might be receiving as retirement income besides just the TSP ...
by JW Nearly Retired
Fri Aug 15, 2014 10:29 am
 
Forum: Investing - Help with Personal Investments
Topic: Should I Invest in both T-IRA & R-IRA?
Replies: 34
Views: 1288

Re: 401K in American Fund AMCAP A (growth fund)

I recently re balanced my pre-tax 401K to AMCAP A large growth fund based on its performance , sector split and the companies it picked. Choosing a fund to invest in based on it's past performance is known as "performance chasing". If you Google it you can learn why that is a poor way to ...
by JW Nearly Retired
Thu Aug 14, 2014 4:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401K in American Fund AMCAP A (growth fund)
Replies: 6
Views: 519

Re: Roth questions from an MD

Should my wife and I consider doing a backdoor Roth via the Trad IRA as a way to add some more “after-tax” investment to help control our future marginal tax rate in retirement? How would a Backdoor Roth affect my current assets in the Trad IRA and SEP-IRA (as well as future contributions into the ...
by JW Nearly Retired
Thu Aug 14, 2014 10:46 am
 
Forum: Personal Finance (Not Investing)
Topic: Roth questions from an MD
Replies: 28
Views: 2153

Re: Advice for my mother (Widowed @ 62)

The FA charges 1.5% and her average expense ratio is 1.08 over 18 funds. I suggested she consider moving her money to Vanguard to save herself the fees and excessive expense of the ER, but she is really wanting a live person to meet with on occasion (we currently meet with her FA twice a year). She...
by JW Nearly Retired
Wed Aug 13, 2014 8:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice for my mother (Widowed @ 62)
Replies: 13
Views: 1374

Re: Real world mechanics of a "backdoor" Roth

Suggest you Google "Form 8606", download the form, and look at it. It's a bit confusing so keep asking if you have questions.
JW
by JW Nearly Retired
Wed Aug 13, 2014 4:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: Real world mechanics of a "backdoor" Roth
Replies: 11
Views: 1341

Re: What do you put in your safety deposit box?

We have a beefy well bolted down home safe and a small bank safe deposit box. I periodically rotate a couple of USB hard drives containing a copy of everything on our computer through both safes. Besides the hard drive, the bank safe has just a few papers, inventories, trust documents, and paper i/e...
by JW Nearly Retired
Wed Aug 13, 2014 10:18 am
 
Forum: Personal Finance (Not Investing)
Topic: What do you put in your safety deposit box?
Replies: 68
Views: 10652

Re: Early Retiree In-Service Rollover to Roth guidance & opi

This site is really great! I did a quick review of the wiki entries around Roth IRA, Roth conversions, Backdoor Roth, etc., and didn't see anything this detailed related to means to isolate basis. It is indeed great........... but don't forget Google. If you Google "isolating 401k basis" ...
by JW Nearly Retired
Wed Aug 13, 2014 9:27 am
 
Forum: Investing - Help with Personal Investments
Topic: Early Retiree In-Service Rollover to Roth guidance & opinion
Replies: 6
Views: 648

Re: Vanguard: "Social Security: How to decide when it's time

Another strong reason to maximize your Social Security income is simply because SS is taxed much more favorably than other income like pensions or IRA withdrawals. For example, single filing twins with the same gross income of $65k. Twin "A" took SS early in order to grow his IRA, so at ag...
by JW Nearly Retired
Tue Aug 12, 2014 7:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard:"Social Security: How to decide when it's time."
Replies: 82
Views: 5867

Re: Who or what inspired you and your investing approach?

It wasn't until 2013, when I took the Stamford course on Pensions and Retirement that I learned what financial economists thought about funding retirement. Hint: It has nothing to do with rules-of-thumb like 4% Rule, age in bonds, glide paths, target retirement funds or any of the usual stuff that ...
by JW Nearly Retired
Mon Aug 11, 2014 2:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Who or what inspired you and your investing approach?
Replies: 93
Views: 4307

Re: New 401k Choices

Not the best 401k funds, but not the worst either. I'm trying to find a combination that best mimics Vanguard's VTSAX. Does this come close? Fidelity Spartan 500 Index Investor (FUSEX) - .095% Vanguard Mid Cap Index Fund Signal (VMISX) - .09% Vanguard Small Cap Index Signal (VSISX) - .09% It is env...
by JW Nearly Retired
Sun Aug 10, 2014 9:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: New 401k Choices
Replies: 2
Views: 309

Re: Fear of Disclosing Net Worth

Saving$ wrote: Do you have an umbrella policy? If so, you were probably required to disclose your net worth in bracketed amounts. Thus your insurer knows.

Is this something new? We have had an umbrella for 20-something years. Never was any such disclosure. My insurer just knows about my house.
JW
by JW Nearly Retired
Sun Aug 10, 2014 10:54 am
 
Forum: Personal Finance (Not Investing)
Topic: Fear of Disclosing Net Worth
Replies: 60
Views: 8126

Re: Fear of Disclosing Net Worth

What benefits you for them to know all about your complete finances? ..... i.e., how vital is this "retirement review?" We have accounts with Vanguard, Fidelity, and the 401k admin. None of them have any information beyond their individual account. I've always followed the practice that if...
by JW Nearly Retired
Sun Aug 10, 2014 10:04 am
 
Forum: Personal Finance (Not Investing)
Topic: Fear of Disclosing Net Worth
Replies: 60
Views: 8126

Re: High Fee 401k

I can't come close to duplicating your numbers. I get 246K for the high fee 401(k) and 242K for the taxable account. A no fee 401(k) would yield 289K. If you have no pension, it seems very dubious to me that "all" of your 401(k) distributions will be taxed at 25%. Some at 0%, some at 10%,...
by JW Nearly Retired
Sun Aug 10, 2014 9:09 am
 
Forum: Investing - Help with Personal Investments
Topic: High Fee 401k
Replies: 18
Views: 952

Re: Who or what inspired you and your investing approach?

A retired Aerospace Corp engineer who sold a $35 audio cassette tape investing course titled "How to Invest in No-load Mutual Funds" in the mid-1970's. He advertised it in Aviation Week or another trade journal a few times and I bought it. It got me off to a good start. :) He was a pre-Bo...
by JW Nearly Retired
Sat Aug 09, 2014 8:40 am
 
Forum: Personal Finance (Not Investing)
Topic: Who or what inspired you and your investing approach?
Replies: 93
Views: 4307

Re: Who or what inspired you and your investing approach?

A retired Aerospace Corp engineer who sold a $35 audio cassette tape investing course titled "How to Invest in No-load Mutual Funds" in the mid-1970's. He advertised it in Aviation Week or another trade journal a few times and I bought it. It got me off to a good start. :) He was a pre-Bog...
by JW Nearly Retired
Fri Aug 08, 2014 8:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Who or what inspired you and your investing approach?
Replies: 93
Views: 4307

Re: Stop Passing Up This Great Deal - In Money Magazine

Simplified to the higher SS range for brevity..... According to my math:* As a single person: If your Social Security benefits are more than $9,000 per year, the "tax hump" (i.e., range of unusually high marginal tax rate) extends from a combined income (excluding Social Security) of: $25,...
by JW Nearly Retired
Fri Aug 08, 2014 11:23 am
 
Forum: Investing - Theory, News & General
Topic: Stop Passing Up This Great Deal - In Money Magazine
Replies: 80
Views: 11078

Re: Inherited IRA RMD question

Crow Hunter wrote:
I thought you could just transfer assets in kind from an IRA into a taxable account and count the value as the RMD. But I am very often wrong.

So am I. Maybe it is possible as long as you pay the tax. Has anyone done an in-kind IRA to taxable asset transfer like this?
JW
by JW Nearly Retired
Thu Aug 07, 2014 3:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: Inherited IRA RMD question
Replies: 18
Views: 436

Re: Moving Average Backtest destroys Buy/Hold. Try for yours

FYI, there was an epic thread on this starting in 2008. Imagine that! http://www.bogleheads.org/forum/viewtopic.php?f=10&t=27460&hilit=50%2F200&start=1150 If you only include the last 15 years, this sort of timing system worked well due to the two huge bear then bull markets. If you star...
by JW Nearly Retired
Thu Aug 07, 2014 3:05 pm
 
Forum: Investing - Theory, News & General
Topic: Moving Average Backtest destroys Buy/Hold. Try for yourself.
Replies: 59
Views: 4402

Re: Inherited IRA RMD question

Does it make sense for me to move this bond into my taxable account as my RMD for next year even though doing so would be more than my RMD total using the current assumptions? I assume, that if I do decide to do that, since it is an individual bond, I should move it out as soon as possible in Janua...
by JW Nearly Retired
Thu Aug 07, 2014 2:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: Inherited IRA RMD question
Replies: 18
Views: 436

Re: Marriage: Is it tax-friendly?

Please weigh in on this hypothetical (not so hypothetical) situation of mine to evaluate the tax benefits of marriage. Take two income earners with identical salaries, let's say they each make $75k a year. If those two individuals were to file as singles, they would be taxed in the 25% bracket. But...
by JW Nearly Retired
Wed Aug 06, 2014 1:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Marriage: Is it tax-friendly?
Replies: 50
Views: 2447

Re: Investing for those in the 15% tax bracket

I would just point out that taxation of SS income does bad things to the marginal tax rate on TIRA withdrawal money. You might guess you will end up taxed at a 15% nominal bracket because you expect to have just a moderate retirement income, with say fairly comparable portions of SS and your TIRA RM...
by JW Nearly Retired
Tue Aug 05, 2014 10:26 am
 
Forum: Investing - Theory, News & General
Topic: Investing for those in the 15% tax bracket
Replies: 38
Views: 2771

Re: Wife's 403(b)

My wife no longer works, she is staying at home with our daughter. We'd like to move the funds into something with a lower fee. We'd also like to be able to keep contributing to it...but it's obviously under her name, and although she works as a nanny a few days a week temporarily, she won't be bri...
by JW Nearly Retired
Mon Aug 04, 2014 2:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: Wife's 403(b)
Replies: 12
Views: 761

Re: Pension now or wait?

64 years old In that case your far better option is to delay SS until age 70. If you delay SS it will give you a yearly % increase of about twice the 3.6% of your teachers pension. SS has a cola too. SS is also going to be taxed less than your other pension income. (Only taxed 15% less if you conti...
by JW Nearly Retired
Mon Aug 04, 2014 1:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Pension now or wait?
Replies: 9
Views: 624
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