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Re: Gift limit and Charitable Donations

For monetary donations, they can deduct up to 50% of their AGI. If the donations are over 50%, they can carry it over to subsequent years. From a purely tax perspective, it makes sense for them to take the deduction due to their high bracket. This is only from a pure tax perspective. How wonderful ...
by MN Finance
Sat Apr 11, 2015 8:49 am
 
Forum: Personal Finance (Not Investing)
Topic: Gift limit and Charitable Donations
Replies: 31
Views: 1209

Re: Vehicle Suggestions with 3 Kids

When we had our 3rd we ended up buying a wagon (several good choices) which was fine with 3 car seats and still reasonably enjoyable to drive. We didn't want a minivan or large suv. The day after we found out a 4th was on the way we bought a new Sienna which has been great, though I personally don't...
by MN Finance
Wed Apr 08, 2015 1:00 pm
 
Forum: Personal Consumer Issues
Topic: Vehicle Suggestions with 3 Kids
Replies: 41
Views: 2392

Re: Fear of reverse churning leads to unnecessary activity?

Yes, this is real. In the broker world a wrap fee is sometimes an alternative to transaction commissions, as such if the client would've been better off in the transactional structure then there's real risk they're charging to much, hence the need for transactions. In the RIA world it's potentially ...
by MN Finance
Wed Apr 08, 2015 8:30 am
 
Forum: Personal Finance (Not Investing)
Topic: Fear of reverse churning leads to unnecessary activity?
Replies: 1
Views: 257

Re: Tax Status of Inherited, Cashed Out Traditional IRA

If I were the executor and there were no listed beneficiaries and the account had to go through probate and there were 7 eventual beneficiaries, then depending on account size I would have done the same thing, cashed it out. Dealing with this is no small task and time involved potentially significant.
by MN Finance
Tue Apr 07, 2015 12:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tax Status of Inherited, Cashed Out Traditional IRA
Replies: 9
Views: 646

Re: Sell in May and go away

Correlation vs causation. There's also a pattern whereby you would've come out ahead by selling when the AFC wins the super bowl and buying when the NFC wins. Correlated, sure. Caused, obviously not. Your original question is technically not any more valid than the football strategy since months on ...
by MN Finance
Mon Apr 06, 2015 10:53 pm
 
Forum: Investing - Theory, News & General
Topic: Sell in May and go away
Replies: 15
Views: 3324

Re: Charity-RMD or appreciated stock

If you want a scenario within your parameters that gives a slight edge to donation of securities, we should assume the taxpayer is not affected by any phaseouts or credits based on AGI (e.g., medicare premiums, or deductible med expenses, or increased taxation of SS,...). In addition you would also...
by MN Finance
Mon Apr 06, 2015 10:49 pm
 
Forum: Investing - Theory, News & General
Topic: Charity-RMD or appreciated stock
Replies: 7
Views: 503

Re: Charity-RMD or appreciated stock

The QCD is probably always optimal. Even more so if the stock might never be sold in your lifetime. Les so, or not optimal, if you will need to, or want to, sell the stock at some point (diversification or consumption.)
by MN Finance
Mon Apr 06, 2015 1:15 pm
 
Forum: Investing - Theory, News & General
Topic: Charity-RMD or appreciated stock
Replies: 7
Views: 503

Re: TIPS versus TIAA Trad for fixed-income ?

Because the bond market fairly efficiently already prices in inflation, tips only help with unexpected inflation. So ignoring the fact that they're tips at all the greater question is TIAA over bonds. I would generally prefer TIAA, but the whole portfolio needs appropriate balance. Ie, a 50/50 inves...
by MN Finance
Wed Mar 25, 2015 7:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: TIPS versus TIAA Trad for fixed-income ?
Replies: 14
Views: 821

Re: should I include a REIT fund with a .77 ER in my portfol

Do you just have access to those funds? As just mentioned you should use each company for what they do best and attempt to aggregate that into one blended portfolio. At TIAA the Traditional and Real Estate Accounts are most commonly used to fill that bucket.
by MN Finance
Wed Mar 25, 2015 7:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: should I include a REIT fund with a .77 ER in my portfolio?
Replies: 5
Views: 667

Re: FA needs investment advice

To avoid any appearance of hypocrisy, and boost your own personal credibility with your clients, you should invest your own assets similarly to your clients. To do otherwise casts doubt on your confidence in the advice you give to others, and sends a very mixed message: Not at all. Risk level is de...
by MN Finance
Wed Mar 25, 2015 6:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: FA needs investment advice
Replies: 25
Views: 2360

Re: FA needs investment advice

If your time horizon is 20+ years on your personal investments, why would you change your AA away from stocks? If your base salary is enough in the short term and your business can withstand a market slump, why fiddle with your personal AA if you need long term growth? Because I double up on risk. ...
by MN Finance
Wed Mar 25, 2015 6:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: FA needs investment advice
Replies: 25
Views: 2360

Re: FA needs investment advice

Seems clear to me - you need to invest in things uncorrelated to the things that affect your salary. I am not sure that simply altering your AA is going to do it. Perhaps REITs, commodities, or rental properties? Not sure, but you get the idea. It sounds like altering the business end of things is ...
by MN Finance
Wed Mar 25, 2015 6:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: FA needs investment advice
Replies: 25
Views: 2360

Re: FA needs investment advice

Hi MN Finance, I have really enjoyed thinking about your question. Thanks for posting it. First, I believe the difference between salary and net profit is tax/accounting semantics. What really matters is that you have $400k revenue and $275k expenses, which leaves $125k take home pay (31%). What ma...
by MN Finance
Tue Mar 24, 2015 5:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: FA needs investment advice
Replies: 25
Views: 2360

Re: Tax Differed Variable Annuity

You can make the case for an annuity in order to have a place to invest in tax inefficient investments if 1) the time frame is long enough, 2) the cost of the annuity is low enough, and 3) interest rates are high enough. You fail on number 3) because a) you probably don't hold much money in bonds an...
by MN Finance
Tue Mar 24, 2015 7:40 am
 
Forum: Investing - Help with Personal Investments
Topic: Tax Differed Variable Annuity
Replies: 16
Views: 1171

Re: 403b Question

I don't have access to the studies, but if the expenses exceed 1.5% the calculations usually turn in favor of forgoing the retirement plan and investing in a taxable account (at least for a long holding period)
by MN Finance
Mon Mar 23, 2015 4:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: 403b Question
Replies: 26
Views: 1926

Re: Do we need irrevocable life insurance trust (ILIT)?

One question is the need for a 10M policy (which isn't your question). Is that amount accurately matched against your lost earnings over the next 20 years if you die tomorrow? If not, then that solves your problem. If so, then you have to determine if the hassle is worth it. You have trust set up co...
by MN Finance
Mon Mar 23, 2015 4:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do we need irrevocable life insurance trust (ILIT)?
Replies: 27
Views: 1787

Re: FA needs investment advice

Thanks much! Sorry for the lack of clarity in my original post. My question boils down to whether or not I should reconsider my target portfolio, which is currently about 85/15. Our current portfolio is approximately $400k with a retirement target of $1.5M. (Our portfolio was about $100k larger prio...
by MN Finance
Mon Mar 23, 2015 11:41 am
 
Forum: Investing - Help with Personal Investments
Topic: FA needs investment advice
Replies: 25
Views: 2360

Re: FA needs investment advice

- there are millions of people in the USA whose income and investments are tied to the stock market. When recession hits, people lose their jobs, or their income stops growing, they are forced to take a pay cut, AND their portfolios take a hit. Ignoring your other comments to stay on topic, I'll ju...
by MN Finance
Sun Mar 22, 2015 11:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: FA needs investment advice
Replies: 25
Views: 2360

Re: FA needs investment advice

I would say thanks for the replies, but the interest appears to be in our business model rather than the variability of my personal income (tied to the market.) I would rather not comment on our business model, since it's not the focus of my question and would divert the subject of the thread. (I ha...
by MN Finance
Sun Mar 22, 2015 10:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: FA needs investment advice
Replies: 25
Views: 2360

FA needs investment advice

In the late 90s and early 00's while starting my career as a broker at a large wire house, I spent much of my time learning about investments from the diehards group on the M* board. I've stayed in the industry (not at a wire house) and about 2 years ago rediscovered the BH group at the same time th...
by MN Finance
Sun Mar 22, 2015 4:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: FA needs investment advice
Replies: 25
Views: 2360

Re: Can I roll VA into Traditional IRA tax-free?

Thanks to everyone for the feedback. Clearly my ignorance abounds on this so I've got to go read my contract. I know that most what I put in it 7 years ago was from a defined contribution account from a former employer. So it may well be qualified. If it is, can I just roll it to traditional Ira ta...
by MN Finance
Sun Mar 22, 2015 3:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: Can I roll VA into Traditional IRA tax-free?
Replies: 5
Views: 414

Re: ACATS Vanguard "Push Account"

There's nothing wrong with this, but it clearly is a lot of work for what appears just about zero benefit. Every time you acat securities you have to sign something, at a minimum.
by MN Finance
Sat Mar 21, 2015 3:29 pm
 
Forum: Investing - Theory, News & General
Topic: ACATS Vanguard "Push Account"
Replies: 3
Views: 464

Re: Children's Swingset

We spent 5k on a decent size Rainbow system. It's built well. We paid to install it, or maybe that was part of the package. My time is worth way to much to even consider DIY on that (and I'm fairly handy.) Our 4 kids spend hours and hours out there almost daily in the summer. Best money I ever spent...
by MN Finance
Fri Mar 20, 2015 10:00 pm
 
Forum: Personal Consumer Issues
Topic: Children's Swingset
Replies: 43
Views: 2664

Re: Observations from a first time poster, long time reader.

The reason calls aren't talked about much is primarily because the BH group doesn't understand them, and has no interest in making investing complicated (albeit mild complication.) The whole point of the board is to create simplification in a business where the industry creates unneeded complexity i...
by MN Finance
Wed Mar 18, 2015 9:05 am
 
Forum: Investing - Theory, News & General
Topic: [New Member Observations- Covered Calls, Financial Advisors]
Replies: 227
Views: 16889

Re: Looking for dirt cheap commissions on DFA funds

You can eat the costs. You can use other funds. You can negotiate. You can push DFA to issue another share class with a higher ER and revenue share.
by MN Finance
Tue Mar 17, 2015 8:52 pm
 
Forum: Investing - Theory, News & General
Topic: Looking for dirt cheap commissions on DFA funds
Replies: 24
Views: 2730

Re: Financial Advisor Put Together This Portfolio - Thoughts

It's horrible. Use the K-I-S-S method. Vanguard Total Stock Market Vanguard International Stock Market Vanguard Total Bond Nuff said. If you want to add some spice, add: Vanguard Healthcare Vanguard REIT Vanguard S & P 500 Growth As for the cash, you dump that into https://www.ufbdirect.com and...
by MN Finance
Fri Mar 13, 2015 6:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Financial Advisor Put Together This Portfolio - Thoughts?
Replies: 27
Views: 2225

Re: Washing Dress Shirts

These days a decent mid priced non iron dress shirt can be washed on cold, then dried on low and hung up without ironing or cleaners. Should still look fresh after 12/14 hours. If you're not getting that you need to buy something higher quality. For me it's not even cost (since I spend 80 a shirt) i...
by MN Finance
Fri Mar 06, 2015 9:22 pm
 
Forum: Personal Consumer Issues
Topic: Washing Dress Shirts
Replies: 38
Views: 2767

Re: Anyone investing in Vanguard Global ex-U.S. Real Estate

Currently split my AA 2 parts TIAA RE, 1 part VNQ/I but considering switching VNQ/I to DFA global
by MN Finance
Wed Mar 04, 2015 10:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Anyone investing in Vanguard Global ex-U.S. Real Estate ETF
Replies: 16
Views: 1192

Re: What if you already have a couple million?

By definition, need, willingness, and ability to take risk don't/can't all line up. That's the very point. That eventually there is flexibility which will drive the decision one way or another. The point is NOT that if you've won the game you take chips off the table. That's one outcome, but the oth...
by MN Finance
Mon Mar 02, 2015 11:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: What if you already have a couple million?
Replies: 42
Views: 6635

Re: PBS NewsHour segment on Social Security

Wait to 70 to claim SS is no brainer. People want to have SS in 62 is basically they don't like their work. If they quit without SS, they don't have enough to live on. If you don't like your work, you shouldn't take the job, take a job you like even with less pay. At 85, Warren Buffet is still work...
by MN Finance
Mon Mar 02, 2015 10:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: PBS NewsHour segment on Social Security
Replies: 27
Views: 3839

Re: Want to make $750K into $1m...Help

I don't get it. What's the money for? You mentioned college. Is that it? You want to get it to a million? What's the point of that? Is this your retirement savings? Do you have other money? Do you work? You sold after 9/11? Sold what? Did you lose money? You got back in then sold again in 09? In ord...
by MN Finance
Mon Mar 02, 2015 10:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: Want to make $750K into $1m...Help
Replies: 25
Views: 2613

Re: Accidental After Tax Contribution to Roll Over IRA

Were you eligible to deduct the contributions? If so, just leave it and file amended returns and get the refunds then use a Roth going forward (since you're unwilling to convert the whole thing, which is the easiest and probably best solution)
by MN Finance
Sun Mar 01, 2015 12:08 am
 
Forum: Investing - Help with Personal Investments
Topic: Accidental After Tax Contribution to Roll Over IRA
Replies: 13
Views: 821

Re: Which financial designation would you recommend?

I don't understand the question. You want a destination to help teachers? Designations are for business cards and resumes. If you want to "help" teachers, then help them (I'm not sure what help means either.)

Ps, none of the aforementioned "designations" are good ideas anyway.
by MN Finance
Sat Feb 28, 2015 10:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Which financial designation would you recommend?
Replies: 5
Views: 735

Re: Implementing NUA strategy

Thanks much. I guess I'm not sure how to handle it. Since I'm not the one taking the risk I'd want her to be cautious in interpreting the rules. The stock currently lists lots and basis within the ESOP, so presumably we go with that and potentially just execute NUA on the shares that are up 10 fold ...
by MN Finance
Fri Feb 27, 2015 8:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Implementing NUA strategy
Replies: 6
Views: 676

Re: Implementing NUA strategy

Alan,
Thank you kindly for your high quality reply. I was under the impression that it was possible to manipulate the basis, but you are implying that it's not.

Article from Forbes http://www.forbes.com/sites/advisor/2012/01/30/one-thing-you-dont-know-about-401k-rollovers-nua/
by MN Finance
Thu Feb 26, 2015 11:26 am
 
Forum: Personal Finance (Not Investing)
Topic: Implementing NUA strategy
Replies: 6
Views: 676

Implementing NUA strategy

Hi All, Thanks in advance for your help. After some planning/research, I'm finally getting ready to help implement an NUA strategy for a coworker (former coworker from megacorp, now family member.) Just wondering if I'm missing anything obvious on this. She has consulted a CPA as well. 401k with $1M...
by MN Finance
Wed Feb 25, 2015 5:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Implementing NUA strategy
Replies: 6
Views: 676

Re: Help! I can't afford to eat on my South Beach vacation

Enjoy life. If enjoying life is spending as little as possible, then you picked the wrong place to vacation. Pick differently next year. Until then, appreciate the experience and don't pay attention to the bills otherwise you'll just waste your vacation (and probably really annoy your friends)
by MN Finance
Mon Feb 23, 2015 8:04 pm
 
Forum: Personal Consumer Issues
Topic: Help! I can't afford to eat on my South Beach vacation
Replies: 60
Views: 5187

Re: TIAA-CREF annuities.

RM's idea of transferring lnto the annuity accounts just before annuitizing will work. However, the annuity accounts in which I have invested have no good parallels in the TIAA-CREF mutual funds, or other mutual funds: CREF Stock, TIAA Real Estate, and TIAA Traditional. As Beth and Wizard said, you...
by MN Finance
Sun Feb 22, 2015 9:46 am
 
Forum: Investing - Help with Personal Investments
Topic: TIAA-CREF annuities.
Replies: 30
Views: 1666

Re: TIAA-CREF annuities.

There's no reason to keep money in the annuity funds if you prefer the mutual funds. As you said, you can transfer the money and then annuitize if you come to that decision later (ignoring tiaa which has a distinct difference right now in payout rates for old and new money.) I have my tiaa money in ...
by MN Finance
Sun Feb 22, 2015 12:24 am
 
Forum: Investing - Help with Personal Investments
Topic: TIAA-CREF annuities.
Replies: 30
Views: 1666

Re: Very Basic Variable Annuity Questions

She will get the cash surrender value. There is no tax issue because the money will be rolled to another roth and traditional IRA at vanguard. She will be investing for the rest of her life so the fact that retirement is soon does not have any bearing on the timing of the change (except that if the ...
by MN Finance
Wed Feb 18, 2015 5:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: Very Basic Variable Annuity Questions
Replies: 6
Views: 723

Re: Inheriting Annuity Questions / Help

Your post sounds right on. The non qualified annuity is only taxable above the basis. The IRAs can be rolled over to the other inherited IRA you set up. If these are fixed annuities with the ability to continue that fixed 3% you could make the case that keeping them is fine if you're in need for bon...
by MN Finance
Wed Feb 18, 2015 2:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: Inheriting Annuity Questions / Help
Replies: 3
Views: 296

Re: Social Security Strategy

The fact that the older higher earning spouse might have a shorter life expectancy does not necessarily change the wisdom of delaying their own benefit because the assumption is that someday the long lived survivor will benefit from that delay.
by MN Finance
Wed Feb 18, 2015 2:28 pm
 
Forum: Investing - Theory, News & General
Topic: Social Security Strategy
Replies: 6
Views: 1343

Re: Need Help With New Spousal IRA

You don't need a "3 fund portfolio" for your Roth IRA. You need a 3 fund portfolio for your portfolio. Just pick one fund to compliment the others. Besides, given your huge sector bets, investing the Roth is not the area that likely needs some attention.
by MN Finance
Wed Feb 18, 2015 2:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need Help With New Spousal IRA
Replies: 2
Views: 316

Re: possible churning?

Google churning (I haven't). This is not that. The manager has some market timing strategy which will either be successful or unsuccessful. I saw someone like this recently who had a portfolio of etfs turned over at 1000% in 2014. Despite no transaction costs or tax consequences they trailed the mar...
by MN Finance
Sun Feb 15, 2015 1:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: possible churning?
Replies: 20
Views: 1399

Re: credit freezing

jebmke wrote:I think there was recently a thread on this.

Very helpful, thanks
by MN Finance
Fri Feb 13, 2015 10:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: credit freezing
Replies: 2
Views: 401

Re: Starting a new RIA firm

First, it doesn't make any difference what this audience thinks because this is most certainly NOT your target market. Second, your ability to take flight in the business is not dependent on the quality and price of your product. It's dependent on how quickly you can reach critical mass. Now, stayin...
by MN Finance
Fri Feb 13, 2015 10:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Starting a new RIA firm
Replies: 2
Views: 331

Re: Better to leave qualified or non-qualified money to kids

Some of this clearly depends on the beneficiaries use of the funds, but there is virtually no possible scenario where it would be better for the kids to inherit the IRA. Mathematically calculating it would take some work, but they start out behind by the amount equal to their tax rate, come out behi...
by MN Finance
Fri Feb 13, 2015 6:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Better to leave qualified or non-qualified money to kids?
Replies: 14
Views: 1470

credit freezing

What's has been the experience here with freezing your credit? I don't have a particular fear that anything has been compromised, nor am I by nature suspicious. That said, we have to assume data breeches are here to stay so monitoring ones credit reports will be a life long activity. Since we've wor...
by MN Finance
Fri Feb 13, 2015 5:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: credit freezing
Replies: 2
Views: 401

Re: Only one Schwab OneSource ETF used in Intelligent Portfo

They wouldn't say this, but if I were running the business I would want as many non schwab funds as possible to avoid the misperception that they're solely trying to send flows in house. Their business success is partly dependent on separating the advisory services from the asset management services...
by MN Finance
Fri Feb 13, 2015 12:06 pm
 
Forum: Investing - Theory, News & General
Topic: 22 Schwab OneSource ETF used in Intelligent Portfolios
Replies: 25
Views: 3155

Re: Advisors: should clients expect you to waive sales charg

stlutz wrote:The load pays the salesman who sold you the fund. Couldn't the advisor essentially rebate a portion of this commission to you?

Not if they want to keep their job
by MN Finance
Wed Feb 11, 2015 11:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Advisors: should clients expect you to waive sales charges?
Replies: 10
Views: 1513
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