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Re: EJ Gadflies [Edward Jones]

Sorry, not offended. Just pointing out myopic assumption that a 20 something should already understand everything about the world he lives in. I didn't when I got my first job ( but I'm slower than most). It sure doesn't make him dishonest or the equivalent of a gadfly. Let's poll the "respecte...
by MN Finance
Tue Sep 16, 2014 7:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: EJ Gadflies [Edward Jones]
Replies: 58
Views: 5039

Re: EJ Gadflies [Edward Jones]

Some motivated kid shows up and calls a couple times and this is the reaction? Would you have the same reaction if he was selling kirby vacuums, steaks or firewood? I think not. You'd think, good for this young man doing his best to make something of himself and take care of his family. We should al...
by MN Finance
Tue Sep 16, 2014 5:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: EJ Gadflies [Edward Jones]
Replies: 58
Views: 5039

Re: 529 Beneficiary Change Tax Implication Question

I suggest you search some past threads because there have been lots of detailed discussions with knowledgeable posters. Part of the confusion is that most sources, including the one you cited mention 3 different taxes with modest distinction: gift tax, gst tax, and income tax. Obviously you're conce...
by MN Finance
Mon Sep 15, 2014 6:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: 529 Beneficiary Change Tax Implication Question
Replies: 4
Views: 387

Re: VDE [for 5% "casino money"?]

If you're going to gamble, then actually gamble and pick a couple risky stocks. If you're not, then this is just mild entertainment who's impact will barely be noticeable one way or the other a decade from now. Fine, but barely entertaining.
by MN Finance
Sat Sep 13, 2014 1:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: VDE [for 5% "casino money"?]
Replies: 11
Views: 918

Re: Gifting planning for upper 60s widowed.

I don't understand why estate taxes are mentioned at all since it's irrelevant to the proposed question. Second, I don't understand how anyone can opine that this is either a good or bad idea without providing some data/calculations. Gut feeling is no way make these decisions. As I've said, it's not...
by MN Finance
Sat Sep 13, 2014 1:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Gifting planning for upper 60s widowed.
Replies: 19
Views: 1241

Re: Ethics of Multi-Generational Tax Optimization

What kind of numbers are we talking about? That age filling single with RMDs and any sizeable portfolio gets up in tax brackets pretty quick. First, you need to run tax projections to really see what the marginal rate is. Second, you might pay tax at a higher rate today for him than in, say 5 years,...
by MN Finance
Fri Sep 12, 2014 9:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Ethics of Multi-Generational Tax Optimization
Replies: 23
Views: 1786

Re: Gifting planning for upper 60s widowed.

It's obviously a simple question. Can mom cover all of her future expected expenses in all market conditions with a portfolio size = today - future gifts. I don't think we can answer it given the data, but I'm sure you could (btw, of course how the portfolio is invested indeed is a major factor in h...
by MN Finance
Fri Sep 12, 2014 9:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Gifting planning for upper 60s widowed.
Replies: 19
Views: 1241

Re: Feeling smug until 10 year ROR from Vanguard

No, I get the return data obviously. I wasn't understanding the sentiment. Is that good? Bad? 10 years spanning one of the worst crashes in history and one of the steepest recoveries ever. Who knows if the OP thinks 5% per annum is good/bad.
by MN Finance
Fri Sep 12, 2014 9:23 pm
 
Forum: Investing - Theory, News & General
Topic: Feeling smug until 10 year ROR from Vanguard
Replies: 78
Views: 6874

Re: Three shares of stock, what to do with them?

You own them in certificate form, not electronic form. Computer share also keeps a record and sends you a statement. You can only transact business with the stocks by physically presenting the certs. If you lose them, they can be replaced (probably for 50/ea). Computer share is paid by the company t...
by MN Finance
Fri Sep 12, 2014 8:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: Three shares of stock, what to do with them?
Replies: 10
Views: 739

Re: The dangerous practice of rebalancing...

At the very best this could be a strategy for someone in/near retirement and fully funded. For most this is garbage. The problem is that it ignores the very risk it purports to protect against. If I'm 70 and live on social security and pension and need just 10k/year from my million dollar portfolio,...
by MN Finance
Fri Sep 12, 2014 6:59 pm
 
Forum: Investing - Theory, News & General
Topic: The dangerous practice of rebalancing...
Replies: 180
Views: 11049

Re: Opinions on Social Index Fund (VFTSX)?

I agree with the opinions expressed that *some* SRI investors may eventually find it more fruitful to invest in board based funds without screens and then direct the potential out performance of the index fund and guaranteed ER savings and donate that money to local causes we support. That said, tha...
by MN Finance
Sat Sep 06, 2014 11:56 pm
 
Forum: Investing - Theory, News & General
Topic: Opinions on Social Index Fund (VFTSX)?
Replies: 19
Views: 1489

Re: Question: How to Design an Aggressive 2 Year Portfolio?

This is a poorly set up question. It's financial advice in a box, a small blind box. Finance is all about solving multiple problems with multiple variables by deploying a strategy with the best odds of success. With the information provided, it's like asking my doctor how I can add 8lbs of muscle ma...
by MN Finance
Sat Sep 06, 2014 8:12 pm
 
Forum: Investing - Theory, News & General
Topic: Question: How to Design an Aggressive 2 Year Portfolio?
Replies: 30
Views: 1241

Re: IRA Complications

you probably can't "transfer" (move within the same plan you're from one company to another) the SEP IRA to vanguard because the employer controls which companies are used and they probably don't want multiple companies. That said, there are no "reporting requirements" to worry a...
by MN Finance
Fri Sep 05, 2014 9:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: IRA Complications
Replies: 2
Views: 300

Re: "Funding" a Future Tax Liability from a Roth Conversion

It's fine, but if you actually think about it, you don't want to save the tax liability in safe assets. You want it to be invested in the asset you're going to convert because they move together. That said I really don't think this matters one way or another.
by MN Finance
Fri Sep 05, 2014 8:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: "Funding" a Future Tax Liability from a Roth Conversion
Replies: 5
Views: 275

Re: cell phone for kids

To do what? My 9 year old just bought his own ipod touch, which is an iPhone without cell/text capabilities. This seems fairly standard among his friends. A dumb phone seems dumb, since he has no need for calls/texts and has ongoing costs. The touch is used for various apps, games, and most enjoyabl...
by MN Finance
Fri Sep 05, 2014 5:17 pm
 
Forum: Personal Consumer Issues
Topic: cell phone for kids
Replies: 25
Views: 1259

Re: DIY Index Fund

I fail to understand this question and the perceived benefits. It's clearly impossible to effectively replicate any broad based index on your own without investing millions of dollars. Just take 60 seconds to determine how many shares of each stock you'd need to purchase to replicate the s&p and...
by MN Finance
Fri Sep 05, 2014 1:13 pm
 
Forum: Investing - Theory, News & General
Topic: DIY Index Fund
Replies: 25
Views: 2266

Re: On the fence with VDC

You mean, you want to buy it to decrease your diversification by purposely over weighting a specific basket of stocks you already own?

You can't sell stocks and buy an etf to avoid taxes.
by MN Finance
Mon Aug 25, 2014 11:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: On the fence with VDC
Replies: 4
Views: 391

Re: I need "Ultra High Net Worth" investing advice please

All the investment advice so far is fine, but completely irrelevant at this point. Imo it's penny wise to simply discount a good professional team. The value of a good advisory team is not found in the simplest task on the list (investing). It's found in the personal discussion about how to match a ...
by MN Finance
Sun Aug 24, 2014 9:07 am
 
Forum: Investing - Help with Personal Investments
Topic: I need "Ultra High Net Worth" investing advice please
Replies: 215
Views: 15863

Re: 87 Year Old Grandmother Has $600,000 In the Bank

I would not get involved in this. You have no upside. What purpose do you think the 600k serves? An 87 year old is sitting on cash and you are wondering what she can do to better invest the money for her family? The answer is, nothing. Should you recommend something else, you will almost assuredly b...
by MN Finance
Sun Aug 24, 2014 7:56 am
 
Forum: Investing - Help with Personal Investments
Topic: 87 Year Old Grandmother Has $600,000 In the Bank
Replies: 42
Views: 5520

Re: Financial Advisor Compensation

If you really want an answer you'll need to say what firm it is. I assume you actually don't really care since it doesn't impact anything. If you're holding etfs they don't get paid anything. There was some reference to etf revenue sharing which is a different issue (and irrelevant to you). Ed Jones...
by MN Finance
Thu Aug 21, 2014 10:49 pm
 
Forum: Investing - Theory, News & General
Topic: Financial Advisor Compensation
Replies: 36
Views: 2923

Re: Tax deferred annuity [Withdrawal strategy questions]

Trying to infer the details... you were born in 30, you have a non qualified fixed annuity with TIAA, you will be forced to settle the annuity at age 90, you don't need the money, the money was invested some time after 1987. Is that right? If so, you probably just want to take a fixed period payout,...
by MN Finance
Sun Aug 17, 2014 2:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tax deferred annuity [Withdrawal strategy questions]
Replies: 5
Views: 439

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

At a minimum split it between now and January to cover 2 years. You also need to make sure you run the numbers in your tax software. Taxes very rarely have a singular impact and the marginal tax may not simply be capital gains rate plus Medicare tax rate.
by MN Finance
Sat Aug 16, 2014 3:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: [when to sell funds if capital gains trigger Medicare tax?]
Replies: 12
Views: 804

Re: Convince me I can make a dumb (car-related) purchase

When we were about your age we had an S3 and a 328i. As we proceeded to have 4 kids over the following 10 years the small sedans turned into larger sedans and wagons, then SUVs and minivans. I don't think you need to buy a car to accommodate future needs, but realize that if you spend 50k expecting ...
by MN Finance
Thu Aug 14, 2014 3:39 pm
 
Forum: Personal Consumer Issues
Topic: Convince me I can make a dumb (car-related) purchase
Replies: 56
Views: 4325

Re: How to Minimize Taxes: Family Selling Farm (Estate Plann

Look, these are all really good ideas for taxes but the issue is whether or not this 70 year old couple wants to be in the farm business for the next 20 years. The assumption is that they do not. If that's true, there's very little that can be done, if anything, to reduce the tax burden (my first re...
by MN Finance
Tue Aug 12, 2014 9:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to Minimize Taxes: Family Selling Farm (Estate Planning)
Replies: 21
Views: 1644

Re: How to Minimize Taxes: Family Selling Farm (Estate Plann

- Possible installment sale to spread the gain over multiple years and potentially minimize gain subject to 3.8% Net Investment Income Tax and 20% long-term capital gain rate. - Possible Section 121 exclusion of gain on sale of residence. "Possible" and "potentially" because we ...
by MN Finance
Mon Aug 11, 2014 10:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to Minimize Taxes: Family Selling Farm (Estate Planning)
Replies: 21
Views: 1644

Re: How to Minimize Taxes: Family Selling Farm (Estate Plann

This is basic stuff for a CPA. The biggest mistake is not using a CPA that understands farms. Beyond that any advice here is speculation. If the property is sold the taxes are what they are. Im not sure if the tax situation changes based on how the farm was being run, but at this point im sure there...
by MN Finance
Sun Aug 10, 2014 10:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to Minimize Taxes: Family Selling Farm (Estate Planning)
Replies: 21
Views: 1644

Re: ESPP vs. NUA for Company stock purchases

NUA is a silver lining to a position you shouldn't find yourself planning to be in - decades long exposure to a concentrated company stock position. If you aim to keep your exposure to small percentage of your portfolio, it's not going to make any difference since you'll be selling the stock along t...
by MN Finance
Sat Aug 09, 2014 6:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: ESPP vs. NUA for Company stock purchases
Replies: 5
Views: 303

Re: Risk and Return of Tilted and Market Balanced Funds

And I would add that if you are going to subtract an advisor fee you should be adding back value added provided, unless paying SOLELY for access,and then there are some very low cost advisors that sell access basically Larry Can you restate this? Not sure I follow your point about adding back value...
by MN Finance
Tue Aug 05, 2014 11:17 pm
 
Forum: Investing - Theory, News & General
Topic: Risk and Return of Tilted and Market Balanced Funds
Replies: 19
Views: 2538

Re: Should I become a CFP?

"Becoming a CFP" is a window dressing credential to an otherwise established financial services career. It initself is not the starting point. There are some others on the board who have done this career change or wondered about it out loud in past posts if you search.
by MN Finance
Tue Jul 29, 2014 1:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I become a CFP?
Replies: 27
Views: 3617

Re: Minimizing RMDS

Yes, both for rmds and annual dividends/interest holding stocks in the trust account would be preferred, although small value isn't the most tax efficient stock category.
by MN Finance
Mon Jul 28, 2014 1:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Minimizing RMDS
Replies: 1
Views: 372

Re: Have a million to transfer, thinking of doing 100% stock

It's not going to matter. Investors have no way, as regular human beings, to see the small differences 80 stock or 100 stock would give you. Meaning, if the market crashes the fact that 80 stock was down 1% less than 100 stock means nothing. Also on the upside, you'll never quantitatively notice the...
by MN Finance
Sat Jul 26, 2014 9:02 am
 
Forum: Investing - Help with Personal Investments
Topic: Have a million to transfer, thinking of doing 100% stocks
Replies: 38
Views: 3875

Re: help with inherited IRA

Ok, so what's an "ITS"?
by MN Finance
Sat Jul 26, 2014 8:55 am
 
Forum: Investing - Help with Personal Investments
Topic: help with inherited IRA
Replies: 8
Views: 905

Re: Bond strategy resilient to rate increase

As already pointed out this "idea" is void of any real logic for a variety of reasons. The most obvious is that the Fed controls only the overnight rate and that means the Fed controls the rate of zero percent of BND's holdings. Secondly, the only way to profit from a mispricing in ANY fin...
by MN Finance
Mon Jul 21, 2014 8:12 pm
 
Forum: Investing - Theory, News & General
Topic: Bond strategy resilient to rate increase
Replies: 13
Views: 1558

Re: Helping My Grandmother

Invest the 30 in a SPIA as someone else mentioned. Keep the 7 in cash. If that's not enough then family needs to help. There are no other options.
by MN Finance
Mon Jul 21, 2014 2:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: Helping My Grandmother
Replies: 54
Views: 3319

Re: Spouse to assume or inherit IRA?

It's hard to say for certain without knowing the full financial picture, but with a 7 figure account and a 4 year age gap, it clearly makes sense for this to first be turned into an inherited account, then rolled to the survivors name just before their RMD start year to avoid unnecessary distributio...
by MN Finance
Mon Jul 21, 2014 1:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Spouse to assume or inherit IRA?
Replies: 10
Views: 1425

Re: Intimidated by Investment Advisor

As Meg indicated, if the trust is closing and assets being distributed to you, then all these players are just in temporary roles. I would sign the needed forms to have the assets transferred to the "managed" account in your name. Once it's there and you start receiving custodial statement...
by MN Finance
Mon Jul 21, 2014 1:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: Intimidated by Trustee and Investment Advisor
Replies: 32
Views: 3957

Re: Year of death RMD help

Ed Jones has no liability either way and certainly no ability to advise on tax matters. Further you or your brother don't have to show them anything and can withdraw as much or as little from the accounts as you want. It's also confirmation that just because you pay through the noise for an FA, it d...
by MN Finance
Sat Jul 12, 2014 9:25 am
 
Forum: Personal Finance (Not Investing)
Topic: Year of death RMD help
Replies: 5
Views: 911

Re: Choosing brokered CD's- what should I look at?

There's no way to evaluate the different issuing institutions on the basis of the cd terms. You'd actually have to research each bank. While it's true it doesn't matter if it's fdic insured, there's more to it if you really want to get picky. If a bank defaults you get your money back sooner than yo...
by MN Finance
Thu Jul 10, 2014 10:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Choosing brokered CD's- what should I look at?
Replies: 17
Views: 1693

Re: Land sale and taxes

I would make sure the property value is accurate. I'm really not sure how we would do that, other than retaining our own attorney to look over the realtor's numbers for valuing the property. As I said, it's in another state. Earl I have no idea. The point is that if you were selling it to an unrela...
by MN Finance
Thu Jul 03, 2014 8:47 am
 
Forum: Personal Finance (Not Investing)
Topic: Land sale and taxes
Replies: 9
Views: 583

Re: 401k: If parents dont need the $, do an aggressive AA

So, first you should describe the financial relationship between you and your parents or you're going to get a lot of replies suggesting you stay out of their business. Are they looking for your help? Will they take your advice? Do you have poa? Etc. Beyond that, the concept is fine but rarely execu...
by MN Finance
Wed Jul 02, 2014 9:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401k: If parents dont need the $, do an aggressive AA
Replies: 16
Views: 1116

Re: Land sale and taxes

Yes, the fact that you're entering into a related party transaction totally changes the normal rules. Google related party transactions. I would make sure the property value is accurate.
by MN Finance
Wed Jul 02, 2014 9:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Land sale and taxes
Replies: 9
Views: 583

Re: [Poll] If all active funds have ER= 0.05%, will you buy

If it was just about ER, the math of active and of passive is still the same. Math is math. But it's not just about ER
by MN Finance
Sun Jun 22, 2014 8:26 pm
 
Forum: Investing - Theory, News & General
Topic: [Poll] If all active funds have ER= 0.05%, will you buy any?
Replies: 55
Views: 2760

Re: My Roth is also my emergency fund. How to invest it?

Just to clarify, the OP didn't ask about the wisdom of the strategy, but rather how to invest it. It's the same question whether or not the money is located in a Roth or non qualified account.
by MN Finance
Thu Jun 19, 2014 11:50 am
 
Forum: Investing - Help with Personal Investments
Topic: My Roth is also my emergency fund. How to invest it?
Replies: 17
Views: 1220

Re: My Roth is also my emergency fund. How to invest it?

Suggesting this is a bad strategy is bad advice. The premise a couple of you have essentially outlined is that putting money into the roth and then having to take it out is somehow worse than not putting it in to start with. There's no logic to that. Put money in, and never use it as EF = good outco...
by MN Finance
Thu Jun 19, 2014 11:47 am
 
Forum: Investing - Help with Personal Investments
Topic: My Roth is also my emergency fund. How to invest it?
Replies: 17
Views: 1220

Re: My Roth is also my emergency fund. How to invest it?

Don't make it complicated. You are looking for return of, not return on $. You don't need to invest differently to try and get an extra fifty bucks. We did this many years ago and when the next year's contribution went in and/or it was clear the EF was now retirement at that point we invested it.
by MN Finance
Wed Jun 18, 2014 10:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: My Roth is also my emergency fund. How to invest it?
Replies: 17
Views: 1220

Re: 403b to IRA and withdrawal

She can take money out of the 457 at any age without penalty. She can take money out of her (now current) employers plan if she separates from service in the calendar year she turns 55 or later. If she rolls to an ira neither of these rules continue to apply (though there are other options if push c...
by MN Finance
Wed Jun 18, 2014 10:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: 403b to IRA and withdrawal
Replies: 4
Views: 217

Re: Figuring cost basis on stock

Good, thanks. I was focused on the adjusted basis numbers because that accounts for splits/etc and is especially helpful if something is reinvested. Then I realized that the "nominal" value of the stock at the time is the best start as long as we can correctly identify where all the shares...
by MN Finance
Wed Jun 18, 2014 11:01 am
 
Forum: Personal Finance (Not Investing)
Topic: Figuring cost basis on stock
Replies: 3
Views: 193

Figuring cost basis on stock

I know this isn't hard, but I'm having a momentary lapse trying to identify the simplest way to figure out cost basis on some stock. Dad has a handful of certificates we recently located in old boxes and they were deposited into a brokerage account. Trying to figure out the basis, let me use an exam...
by MN Finance
Wed Jun 18, 2014 10:43 am
 
Forum: Personal Finance (Not Investing)
Topic: Figuring cost basis on stock
Replies: 3
Views: 193

Re: 403(K): Fidelity, Prudential, TIAA-CREF, or Vanguard?

Fidelity and TIAA are also good choices. That said, if youre starting out, your best bet is to keep it simple and have everything in one place, in such case you'll want to use VG. You can always add another company later.
by MN Finance
Tue Jun 17, 2014 7:51 am
 
Forum: Investing - Help with Personal Investments
Topic: 403(B): Fidelity, Prudential, TIAA-CREF, or Vanguard?
Replies: 17
Views: 1062
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