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Re: Tax consequences of UGMA account transfer to former mino

No tax consequences to the proposed conversion from ugma to child's name as account holder. However, be aware that a full time student under a certain age maybe 26 may pay higher rates on any income or capital gains as there is a link to the parent's income regardless of the titling of the account.
by SGM
Fri Oct 31, 2014 5:46 am
 
Forum: Investing - Help with Personal Investments
Topic: Tax consequences of UGMA account transfer to former minor
Replies: 13
Views: 397

Re: Primary Doc Steering to Specialist Within Own Group

As groups are bought up by large systems there is some pressure to refer within the system. However, I would refer only to those I had confidence in. However, if the patient is aware that the specialist is unknown to me and wants to continue with another specialist I would not dissuade him unless I ...
by SGM
Thu Oct 30, 2014 7:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Primary Doc Steering to Specialist Within Own Group
Replies: 27
Views: 1537

Re: 39.6% Tax Bracket :(

You may be able to recover the rental losses when you sell the property. I agree do not keep so much in cash. I would probably have some muni bond funds and low expense, low turnover index funds. I would also consider a business where I could start a defined benefit plan or profit sharing. There is ...
by SGM
Wed Oct 29, 2014 7:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: 39.6% Tax Bracket :(
Replies: 24
Views: 4462

Re: Retirement and my plan on where to put my money

Four percent withdrawal rate of you 1.8MM and 950K comes to only a little more than the pension monthly payout. I would take the monthly pension as it will cover your expenses. Then I would fully invest the $950,000. Any increases in expenses due to inflation could be taken from the investment accou...
by SGM
Wed Oct 29, 2014 5:32 am
 
Forum: Investing - Help with Personal Investments
Topic: Retirement and my plan on where to put my money
Replies: 16
Views: 2047

Re: Bonds in taxable account

Jack uses Vanguard's intermediate term tax free bond fund in his taxable account. He does not like the large amount of treasuries in Vanguard's total bond fund. Others have suggested using the total bond fund which is 70% treasuries for safety and not to worry about the taxes because payouts are low...
by SGM
Tue Oct 28, 2014 5:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Bonds in taxable account
Replies: 4
Views: 623

Re: THANK YOU!!! Bogleheads Conference #13 (2014)

Thanks LadyGeek for your all your work at the conference and online. We had a good time at the conference and will likely go again next year.
by SGM
Tue Oct 28, 2014 5:16 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: THANK YOU!!! Bogleheads Conference #13 (2014)
Replies: 48
Views: 4352

Re: Does Timing Matter for Mega Backdoor Roth Conversion?

I convert early in the year so that I have up until October 15 of the following year to recharacterize. Actually do it a month in advance so that you don't have problems with the changes. You can also convert into separate accounts and recharacterize if one or two or all of the accounts lose value. ...
by SGM
Tue Oct 28, 2014 5:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Does Timing Matter for Mega Backdoor Roth Conversion?
Replies: 11
Views: 1044

Re: Career Advice for an Unhappy Young Doctor?

I would suggest she read the short paperback: First Do No Harm Being a Resilient Doctor in the 21st Century by Leanne Rowe and Michael Kidd. It is an excellent book concerning how to cope with some of the stress Docs have in their careers. It is all about balance and putting perspective back into yo...
by SGM
Tue Oct 28, 2014 6:01 am
 
Forum: Personal Finance (Not Investing)
Topic: Career Advice for an Unhappy Young Doctor?
Replies: 76
Views: 6860

Re: Bucket Approach Redux

This was brought up in a panel discussion with Benz and others at BH 13. I was a little surprised that no one really objected to it. Someone sent in a question comparing a safe withdrawal rate, liability matching and bucket approach.
by SGM
Sun Oct 26, 2014 9:24 am
 
Forum: Personal Finance (Not Investing)
Topic: Bucket Approach Redux
Replies: 35
Views: 2563

Re: Any downside to a Fidelity i401k?

Prior to retirement I had a solo 401k with Fidelity. I used Vanguard ETFs mostly. This meant that some money would be in cash or in a Fidelity fund. I prefer Vanguard, but fifteen years ago Vanguard required third party involvement to set up the solo 401k. As of a few months ago there was no Roth 40...
by SGM
Sat Oct 25, 2014 3:40 am
 
Forum: Investing - Help with Personal Investments
Topic: Any downside to a Fidelity i401k?
Replies: 22
Views: 1716

Re: Does your ROTH hold risky or stable items?

I have increased the riskier assets in my Roths. The reason is that I do not expect to tap the Roths for a long time if at all. I switched from a total bond fund to and TIPS to corporate bond funds, stocks and REITS. If I were to need to cash out sooner, I would be more conservative. It struck me th...
by SGM
Wed Oct 22, 2014 5:39 am
 
Forum: Investing - Theory, News & General
Topic: Does your ROTH hold risky or stable items?
Replies: 56
Views: 3393

Re: "I've had it" at work - how often

I retrained for new careers twice. Each career paid better than the first and was more exciting. I also made job changes without career changes. Unfortunately I found some managers who were complete disasters. I happened to be correct in my assessment as the managers were either fired or reassigned ...
by SGM
Tue Oct 21, 2014 5:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: "I've had it" at work - how often
Replies: 151
Views: 12470

Re: First investment strategy meeting with new FA, $6M trust

This all seems like lambs being led to the slaughter. The second advisor seems marginally better than the first. A model portfolio with 23 funds and cash??? This strikes me as nonsense and redundant. I am sure that you would get way more diversification and way less expenses, taxes and complexity wi...
by SGM
Fri Oct 17, 2014 12:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: First investment strategy meeting with new FA, $6M trusts
Replies: 80
Views: 4637

Re: First investment strategy meeting with new FA, $6M trust

Your advisor is making things too complicated and costly. Total expenses of 1.54% will cause you to underperform an index portfolio by at least 2% in the next 10 years. If he put you into annuities I suspect they are not the type that would meet with the approval of those on this forum. Trading fund...
by SGM
Fri Oct 17, 2014 5:55 am
 
Forum: Investing - Help with Personal Investments
Topic: First investment strategy meeting with new FA, $6M trusts
Replies: 80
Views: 4637

Re: Time Out of Market During Rollover

I closed out my solo 401k and rolled it over into an IRA a few weeks ago. It wasn't a lot of money because I had been doing multiple indirect roll overs and Roth conversions over the last few years. This time I did a direct rollover and it was painfully slow during a volatile market. In the past I a...
by SGM
Fri Oct 17, 2014 5:21 am
 
Forum: Personal Finance (Not Investing)
Topic: Time Out of Market During Rollover
Replies: 16
Views: 971

Re: Thrivent Financial Experience

I looked at their funds but never invested with Thrivent because of the high fees. Their large cap fund with an ER of 1.05% badly underperformed the S&P 500 by more than 2% over ten years even without the upfront sales charge. Investment Performance - Average Annual Total Return* 3 Mo. YTD 1 Yr....
by SGM
Fri Oct 10, 2014 3:01 am
 
Forum: Investing - Theory, News & General
Topic: Thrivent Financial Experience
Replies: 7
Views: 935

Re: Dave Ramsey says asset allocation does not work

Ramsey's advice to buy front loaded mutual funds is scary and awful. He compares front loaded funds with very high yearly expense ratio funds that are no-load. I have never bought either. Jack's cost matters hypothesis suggests both types of funds be put in the garbage can. I am not very happy with ...
by SGM
Fri Oct 03, 2014 5:30 pm
 
Forum: Investing - Theory, News & General
Topic: Dave Ramsey says asset allocation does not work
Replies: 86
Views: 7200

Re: vanguard etf commissions

No way is this a promotional gimmick that Vanguard will pull at some later date. I would like it if Vanguard listed the NAV (net asset value) of their ETFs when giving a quote not that it makes much of a difference in the long run.
by SGM
Fri Oct 03, 2014 4:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: vanguard etf commissions
Replies: 8
Views: 960

Re: Becoming a Thinktank

I have a few acquaintances who self published novels and collected short stories. I don't think they got very good editing from the vanity publisher. I also think they were sold a bill of goods. Generally speaking self published books are not considered serious. I would take a marketing course by a ...
by SGM
Wed Oct 01, 2014 9:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Becoming a Thinktank
Replies: 35
Views: 2281

Re: what is risk?

Leave it to Taylor to put the discussion into perspective. I find that my assessment of risk to my portfolio has changed considerably from the early accumulation stage through approaching retirement and the early months of retirement. Easily one can get into the weeds in this discussion. I can't add...
by SGM
Wed Oct 01, 2014 9:41 am
 
Forum: Investing - Theory, News & General
Topic: what is risk?
Replies: 116
Views: 4407

Re: UGMA dividends advice - index ETF or reinvest in stock

I will have to discuss some more with my father. I would like his input on intent. Yes, I know it is now my daughter's money and yes, I am now the custodian of that money. That being said, I want to strike a balance between honoring the givers intent and being responsible with my daughters money. T...
by SGM
Mon Sep 29, 2014 5:52 am
 
Forum: Investing - Help with Personal Investments
Topic: UGMA dividends advice - index ETF or reinvest in stock
Replies: 7
Views: 397

Re: UGMA dividends advice - index ETF or reinvest in stock

If you can buy small amounts of the Ishare ETF without a trading fee it would be a good plan. If Fidelity does not allow that then you may have to purchase a Fidelity mutual fund and reinvesting the dividends should be without a trading cost. It is reasonable to diversify to decrease risk of holding...
by SGM
Sun Sep 28, 2014 5:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: UGMA dividends advice - index ETF or reinvest in stock
Replies: 7
Views: 397

Re: Is there any point in putting stock index funds in IRA?

I have put stock funds and Vanguard REIT and corporate bond funds and ETFs in IRAs. I would like to put all tax inefficient funds in an IRA, but since I won't tap the IRAs for a long time I want the potential growth of stock funds in the IRAs as well. I always welcomed stock market lower evaluations...
by SGM
Sun Sep 28, 2014 4:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is there any point in putting stock index funds in IRA?
Replies: 9
Views: 895

Re: Should I take SS or wait, Penny for your thoughts,

I don't think the TRowe Price calculator is accurate for our situation. Not to go into detail, but all other calculators recommend spousal to be take at FRA of 66 and spouse switching to her own benefit at 70. TRowe recommends taking a spousal a year and 3 months earlier and spouse not switching to ...
by SGM
Sun Sep 28, 2014 9:01 am
 
Forum: Personal Finance (Not Investing)
Topic: Should I take SS or wait, Penny for your thoughts,
Replies: 14
Views: 1282

Re: Does Equity Risk Decrease over Time?

The more often you cross even a relatively untraveled road the more likely you will be hit by a motor vehicle. That is the logic behind the increased chance of experiencing either a significant increase or decrease in equities over time. Certainly that chance is greater for individual stocks than fo...
by SGM
Wed Sep 24, 2014 8:12 pm
 
Forum: Investing - Theory, News & General
Topic: Does Equity Risk Decrease over Time?
Replies: 51
Views: 2717

Re: It's pretty freaky watching your stocks go up & down all

I like to look at my portfolio when the market is rising. When the market is in a tailspin I rarely look. It is a cognitive bias that decreases the desire to sell when the market is down.
by SGM
Wed Sep 24, 2014 5:04 am
 
Forum: Investing - Theory, News & General
Topic: It's pretty freaky watching your stocks go up & down all day
Replies: 60
Views: 5742

Re: Do you consider Dan Wiener to be a Boglehead?

He is definitely not a Boglehead. I saw his advertisement and thought it was ridiculous. I did not give him another thought until I saw these posts on Bogleheads. Unfortunately, he is likely making a lot of money off of the hopeful naive.
by SGM
Tue Sep 23, 2014 4:31 pm
 
Forum: Investing - Theory, News & General
Topic: Do you consider Dan Wiener to be a Boglehead?
Replies: 32
Views: 2167

Re: EJ Gadflies [Edward Jones]

Has anyone tried going to Western Marine and buying a foghorn for phone calls?
by SGM
Mon Sep 15, 2014 5:11 am
 
Forum: Personal Finance (Not Investing)
Topic: EJ Gadflies [Edward Jones]
Replies: 64
Views: 6609

Re: Why do so many think their home is a foolproof investmen

Tell the majority of retirees for whom their home is their biggest asset that it is not an investment. It certainly is not foolproof, but it is an investment. If it keeps up with inflation and you can live in it, that is terrific. Location is the main factor in whether it is a good investment or not...
by SGM
Sun Sep 14, 2014 6:13 am
 
Forum: Investing - Theory, News & General
Topic: Why do so many think their home is a foolproof investment?
Replies: 125
Views: 6561

Re: A 'really good book' you did NOT enjoy

Hi Victoria, Thanks for your comments. I have not read Jane Austen, but I have seen several movie versions and television versions of her novels. I enjoyed them. One of these days I will read some of her novels as well, possibly as books on tape maybe as soon as I finish Nicholas Nickelby. I have be...
by SGM
Sat Sep 13, 2014 11:56 am
 
Forum: Personal Consumer Issues
Topic: A 'really good book' you did NOT enjoy
Replies: 226
Views: 11147

Re: A 'really good book' you did NOT enjoy

Many of the classics mentioned in this thread are books I have enjoyed. Although I haven't read much Shakespeare, I have enjoyed many of his plays. I don't like it when the company feels it needs to update the costumes or language to make it more "relevant." I was fully prepared to dislike...
by SGM
Sat Sep 13, 2014 6:16 am
 
Forum: Personal Consumer Issues
Topic: A 'really good book' you did NOT enjoy
Replies: 226
Views: 11147

Re: How much do investors care about social impact?

There is an article in 9/10 WSJ on pressure on universities to divest from coal and other fossil fuels. Divestment will have little or no effect on the use of fossil fuels. It does make some people feel good to avoid companies that produce fossil fuels. I have loaded up on oil companies forever and ...
by SGM
Wed Sep 10, 2014 10:53 am
 
Forum: Investing - Theory, News & General
Topic: How much do investors care about social impact?
Replies: 32
Views: 1424

Re: Anyone moved from NY?

Fuggeddaaboutit.
I miss scungilli and knishes. You can get good ethnic food, bagels and pizza away from NY now, not so 40 years ago. I first moved to FL then all over.
by SGM
Wed Sep 10, 2014 10:48 am
 
Forum: Personal Consumer Issues
Topic: Anyone moved from NY?
Replies: 43
Views: 2981

Re: Socially Irresponsible Fund

One man's meat is another man's poison. Give me total international and total market and a few favorite "sin" stocks. I prefer those "sin" stocks with overblown law suits regarding asbestos, tobacco or oil. Class action law suits are great. Bad publicity is great. The more you ha...
by SGM
Tue Sep 09, 2014 4:42 am
 
Forum: Investing - Theory, News & General
Topic: Socially Irresponsible Fund
Replies: 16
Views: 1497

Re: WSJ on leaving Roth IRA to heirs.. no so fast???

I have already converted 95% of traditional 401ks and IRAs to a Roth. I was aware of the budget item. Ed Slott recently discussed on the James Lange radio show #162 http://www.paytaxeslater.com/radioshow_112_ed_slott_end_of_stretch_ira.php how some will get around this problem if needed in the futur...
by SGM
Mon Sep 08, 2014 9:21 am
 
Forum: Personal Finance (Not Investing)
Topic: WSJ on leaving Roth IRA to heirs.. no so fast???
Replies: 11
Views: 1924

Re: Best use of tax-deferred space

I have a long horizon for my Roth accounts and I am have mostly stock index funds, some REITS and some Corporate bond funds. I found that Vanguards bond index fund was a drag on return. Also TIPS were not doing well. I feel I can take more risk in any accounts that I won't need for many years. My bo...
by SGM
Sun Sep 07, 2014 11:10 am
 
Forum: Investing - Help with Personal Investments
Topic: Best use of tax-deferred space
Replies: 14
Views: 1412

Re: Municipal bonds 1y returns - exuberance and caution

Bustoff wrote:
SGM wrote:I strictly used muni bonds for current income since my recent retirement and have no great interest in gains as I do not plan on selling.


Do you use individual muni's or muni funds?

Muni funds. The few individual muni's I have had, I kept them until maturity.
by SGM
Fri Sep 05, 2014 11:04 am
 
Forum: Investing - Theory, News & General
Topic: Municipal bonds 1y returns - exuberance and caution
Replies: 56
Views: 6249

Re: Municipal bonds 1y returns - exuberance and caution

I strictly used muni bonds for current income since my recent retirement and have no great interest in gains as I do not plan on selling. I believe that the supply of muni bonds has shrunk somewhat. Greater demand may be part of it, but I have read somewhere that fewer are being issued. Meredith Whi...
by SGM
Tue Sep 02, 2014 5:43 am
 
Forum: Investing - Theory, News & General
Topic: Municipal bonds 1y returns - exuberance and caution
Replies: 56
Views: 6249

Re: Reinvest dividends and capital gains?

Up until retirement I reinvested all dividends and capital gains. Now they come out into a checking account for spending or reallocation
by SGM
Mon Sep 01, 2014 6:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: Reinvest dividends and capital gains?
Replies: 44
Views: 3969

Re: Ideas for thanking a doctor

Recently retired doctor here.... Note cards are very much appreciated and I have kept them all.
by SGM
Mon Sep 01, 2014 5:06 pm
 
Forum: Personal Consumer Issues
Topic: Ideas for thanking a doctor
Replies: 75
Views: 5124

Re: Buying a house, sell REITs?

Sell stocks with long term capital gains to pay for a house purchase. If you have any losses now might be the time to take them. I would avoid selling stocks with short term capital gains unless I were in a low tax bracket. I bonds depend on the rate you are receiving as previously stated. Don't cha...
by SGM
Mon Sep 01, 2014 5:46 am
 
Forum: Investing - Help with Personal Investments
Topic: Buying a house, sell REITs?
Replies: 8
Views: 878

Re: Next phase of minimizing taxes for high-income household

If you start your own business you can have a profit sharing plan. Also you can deduct business expenses directly. You can also have some K-1 income that is free of fica taxes. You may also be able to hire your spouse and she can participate in the PSP and 401k. Some business owners have defined ben...
by SGM
Sun Aug 31, 2014 8:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Next phase of minimizing taxes for high-income household
Replies: 33
Views: 3642

Re: WSJ: Firing One's Advisor

The writer who took 9 months to fire his advisor had been invested for many years in index funds and had been getting feedback from his wife. Then he second guessed himself and thought he may have been missing out on something so he went the advisor route. :oops: This is exactly what happened to a p...
by SGM
Sat Aug 30, 2014 4:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: WSJ: Firing One's Advisor
Replies: 18
Views: 2176

Re: Who else's IRA would you (do you) fill?

I always funded spouse's IRA whether she worked or not. Before 2010 they went into non-deductible IRAs. After 2010 they were converted to a Roth. The reason is to maximize non taxable space and for inheritance purposes should we not need the funds. I presently fund my children's IRAs to give them a ...
by SGM
Sat Aug 30, 2014 6:26 am
 
Forum: Personal Finance (Not Investing)
Topic: Who else's IRA would you (do you) fill?
Replies: 18
Views: 1224

Re: should I buy a 5 yr annuity to get me to 70

Variable annuities are expensive. Vanguard advised me against buying one when they did a financial plan for me. 3 years ago, I bought a deferred savings annuity that paid 4% tax deferred. It acts like a tax deferred CD. However, interest rates are much lower now and you can only take out 10% a year ...
by SGM
Fri Aug 29, 2014 5:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: should I buy a 5 yr annuity to get me to 70
Replies: 8
Views: 756

Re: Buy & Hold Forever Blue Chip Stocks???

Well I wouldn't hold them forever. Those individual stocks previously purchased with large capital gains may be sold without a capital gains tax by the next generation. I don't have a problem with purchasing an individual stock that is ridiculously oversold. How you determine that is your secret. Ho...
by SGM
Mon Aug 25, 2014 9:55 am
 
Forum: Investing - Help with Personal Investments
Topic: Buy & Hold Forever Blue Chip Stocks???
Replies: 73
Views: 4696

Re: Great MarketWatch Article - 13 financial tips to live by

I like the first point and photograph of a couple trying to budget. Basically Nerds do budgets. Don't budge, just make sure you are saving a pre determined amount of your income for retirement. That is essentially what I did for 45 years and had no hiccups.
by SGM
Mon Aug 25, 2014 9:36 am
 
Forum: Personal Finance (Not Investing)
Topic: Great MarketWatch Article - 13 financial tips to live by
Replies: 13
Views: 1986

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

$50MM and larger sums can be lost fairly easily. I would put a chunk into a three fund portfolio. I might also buy and hold some individual stocks that make up a major percentage of the S&P 500. I believe it makes more sense if you have a large amount of assets to own individual stocks and bonds...
by SGM
Sat Aug 23, 2014 9:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: I need "Ultra High Net Worth" investing advice please
Replies: 225
Views: 19452

Re: POLL: Age for Collecting Social Security Benefits

Newly retired and waiting until 70
by SGM
Fri Aug 22, 2014 8:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: Age for Collecting Social Security Benefits
Replies: 103
Views: 7830

Re: Why aren't annuities better than investment drawdowns?

SPIAs laddered later in life have some appeal as there is less time for the ravages of inflation. I would take only a small part of my portfolio to buy them though. If I took an SPIA paying out 6.6% a year I would take less out of investment accounts allowing them to grow longer. I am delaying SS to...
by SGM
Thu Aug 21, 2014 6:45 am
 
Forum: Investing - Theory, News & General
Topic: Why aren't annuities better than investment drawdowns?
Replies: 46
Views: 3006
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