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Re: Some RMD Questions

RMDs can be taken in kind. This happens quite frequently. Any distribution can be taken in kind, not just RMDs. The tax code does not say that RMDs must be taken in cash. The value of the selected shares goes on the 1099R and shares are transferred to a taxable account, usually a brokerage account....
by bertilak
Tue Jan 27, 2015 5:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Some RMD Questions
Replies: 28
Views: 1493

Re: Some RMD Questions

OK, finally got around to asking VG about my questions 4 and 5 in the OP: 4. Vanguard only offered me one "option" on where to send the distributions -- my linked bank account. I would prefer to have the money invested in my VG taxable account. Is this possible? 5. Not only in my taxable ...
by bertilak
Tue Jan 27, 2015 4:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Some RMD Questions
Replies: 28
Views: 1493

Re: OLD AGE PENNY PINCHERS

But in response to the OP, why would an income stream, not be counted as wealth? It seems like that is the very definition of wealth. Then perhaps the conversion is being done the wrong way around. Maybe everything should be converted to an income stream instead of the other way around. That's pret...
by bertilak
Tue Jan 27, 2015 3:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: [Clements - 4 strategies for those close to retirement]
Replies: 25
Views: 3193

Re: Some RMD Questions

I will be taking my RMD for the first time this year. i don't think it is a big deal to have the funds sent to my Credit Union. i will just send it back to my taxable account with Vanguard. Agree. No Big Deal. I expect by Dec 2016 when I need to take my first RMD it will all be straightened out and...
by bertilak
Tue Jan 27, 2015 3:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: Some RMD Questions
Replies: 28
Views: 1493

Re: Some RMD Questions

OK, finally got around to asking VG about my questions 4 and 5 in the OP: 4. Vanguard only offered me one "option" on where to send the distributions -- my linked bank account. I would prefer to have the money invested in my VG taxable account. Is this possible? 5. Not only in my taxable a...
by bertilak
Tue Jan 27, 2015 2:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: Some RMD Questions
Replies: 28
Views: 1493

Re: Some RMD Questions

Born 11/23/1945. Questions... [list=1] [*]I MUST take RMDs starting 2017, right? That is the year AFTER I turn 70.5. (70 in late 2015 so 70.5 in 2016.) [*]Is it better to start in 2016 so as not to "double dip" in 2017, pushing me up a tax bracket and/or increasing taxes on SS? If I DON'T...
by bertilak
Sun Jan 25, 2015 6:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: Some RMD Questions
Replies: 28
Views: 1493

Re: Some RMD Questions

Born 11/23/1945. Questions... [list=1] [*]I MUST take RMDs starting 2017, right? That is the year AFTER I turn 70.5. (70 in late 2015 so 70.5 in 2016.) [*]Is it better to start in 2016 so as not to "double dip" in 2017, pushing me up a tax bracket and/or increasing taxes on SS? If I DON'T...
by bertilak
Sun Jan 25, 2015 5:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Some RMD Questions
Replies: 28
Views: 1493

Re: Some RMD Questions

Yes all and Thanks!

Since I am not yet 69.5 I think not all options are available to me yet. I am surprised it get me get as far as I did. I will revisit in a few months.
by bertilak
Sat Jan 24, 2015 5:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Some RMD Questions
Replies: 28
Views: 1493

Re: Some RMD Questions

That would seem to imply it can't be automated, but if you are set up to automate it then there is a mystery. I really do need to call VG! When I stated that Vanguard could direct my RMD to the taxable fund of my choice I was only talking about Vanguard funds within my related accounts. You had use...
by bertilak
Sat Jan 24, 2015 3:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Some RMD Questions
Replies: 28
Views: 1493

Re: Some RMD Questions

Bertilak - I set up automated RMDs last year and was able to specify fed and state tax withholding rates and a fund for the after-tax balance. I didn't need to buy or sell or exchange or call anyone. Of course I cannot get to the enrollment part now, only edit my own setup, so I can't describe how ...
by bertilak
Sat Jan 24, 2015 3:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Some RMD Questions
Replies: 28
Views: 1493

Re: When/how to invest monthly savings into taxable?

Try this: Log in. My Accounts-->Account Maintenance-->Holding Level Dividend and Capital Gains Election-->Change Elections-->(under Dividends, select "Transfer to a Bank Account") I did not complete the process (for obvious reasons), but that might work. Good luck! Thanks. I see the optio...
by bertilak
Sat Jan 24, 2015 3:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: When/how to invest monthly savings into taxable?
Replies: 32
Views: 2808

Re: Some RMD Questions

BL, Thanks. I was really asking about their automated RMD service -- looking to simplify my financial life, eliminate need to plan or think about RMDs. Perhaps I could look at the automated service as a fall-back safety. If I screw up VG will swoop in and save me! This depends on VG's automated proc...
by bertilak
Sat Jan 24, 2015 3:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Some RMD Questions
Replies: 28
Views: 1493

Re: Some RMD Questions

I have an IRA at Vanguard and the RMD is directed to the taxable fund of my choice. It is set up as part of their automatic RMD service. Thanks. Poking around VG's RMD pages I found the following. Vanguard’s required minimum distribution (RMD) service allows you to distribute assets outside of Vang...
by bertilak
Sat Jan 24, 2015 3:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: Some RMD Questions
Replies: 28
Views: 1493

Re: Preparing for RMDs

... given that you will be paying 28% in the future, my first thought is do 2 or 3 years of conversion up to the top of the 28% bracket. The money is going to get taxed there any way so might as well do it now and have the money end up in a ROTH instead of a taxable account That is an excellent poi...
by bertilak
Sat Jan 24, 2015 2:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: Preparing for RMDs
Replies: 58
Views: 3936

Some RMD Questions

Born 11/23/1945. Questions... ⋅ I MUST take RMDs starting 2017, right? That is the year AFTER I turn 70.5. (70 in late 2015 so 70.5 in 2016.) ⋅ Is it better to start in 2016 so as not to "double dip" in 2017, pushing me up a tax bracket and/or increasing taxes on SS? If...
by bertilak
Sat Jan 24, 2015 2:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: Some RMD Questions
Replies: 28
Views: 1493

Re: Separating 5-10 yr investments from retirement portolio

Do you separate your portfolio for retirement and intermediate term investing? I want to save approximately $ 200,000 in 10 years for an upgrade in house and $ 30,000 for an upgrade in car in about 5 years. I have no debt right now and plan to not use debt in the future if I can help it. I keep my ...
by bertilak
Sat Jan 24, 2015 1:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: Separating 5-10 yr investments from retirement portolio
Replies: 26
Views: 1545

Re: Quicken 2015 for Windows - Any reviews?

Yes I did upgrade from 2012 version, and had no issues. Works as it did. I turned off all the new mobile features they put into it, as I didn't need that. Yeah, I backed out all the mobile features. I can't see what they actually do for me. Why would I want to check or update my finances when I am ...
by bertilak
Wed Jan 21, 2015 12:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Quicken 2015 for Windows - Any reviews?
Replies: 99
Views: 15669

Re: Quicken 2015 for Windows - Any reviews?

I would point out that Mint.com is an Intuit product. Why can't Intuit merge the reliability of Mint with the detail and reporting power of Quicken? :annoyed As I understand it Mint is a product Intuit bought whole, their ownership is irrelevant. Big messy complicated things have more opportunities...
by bertilak
Tue Jan 20, 2015 10:42 am
 
Forum: Personal Finance (Not Investing)
Topic: Quicken 2015 for Windows - Any reviews?
Replies: 99
Views: 15669

Re: Opinions on my Allocation

There is a recent blog post by the "Oblivious Investor," a well respected guy who often posts here. His blog post addresses your question, at last prtially: http://www.obliviousinvestor.com/why-is-currency-risk-bad Oblivious Investor is known for being highly informative in few, clearly ex...
by bertilak
Wed Jan 14, 2015 2:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: Opinions on my Allocation
Replies: 2
Views: 207

Re: Psychology vs. Fundamentals of investing

I have one problem with my wife. If I ever tell her I like a certain brand/flavor/type of food it is hard to get a different brand/flavor/type without getting some grief along with it. It's almost like she thinks I must have lied to her. If Blue Bell Rum Raisin ice cream is your favorite, it's not a...
by bertilak
Thu Jan 08, 2015 4:09 pm
 
Forum: Investing - Theory, News & General
Topic: Psychology vs. Fundamentals of investing
Replies: 61
Views: 4494

Re: Placing cash needs in tax advantaged.

I say that putting cash in tax-advantaged is wrong for one basic reason. Tax-advantaged space has intrinsic value of its own. This shows up two ways: ⋅ It's nice to watch your tax-advantaged space grow as your investments grow. Cash doesn't grow. ⋅ If you ever need to spend that...
by bertilak
Thu Jan 08, 2015 3:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: Placing cash needs in tax advantaged.
Replies: 15
Views: 734

Re: Placing cash needs in tax advantaged.

I say that putting cash in tax-advantaged is wrong for one basic reason. Tax-advantaged space has intrinsic value of its own. This shows up two ways: ⋅ It's nice to watch your tax-advantaged space grow as your investments grow. Cash doesn't grow. ⋅ If you ever need to spend that...
by bertilak
Thu Jan 08, 2015 3:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Placing cash needs in tax advantaged.
Replies: 15
Views: 734

Re: Placing cash needs in tax advantaged.

I say that putting cash in tax-advantaged is wrong for one basic reason. Tax-advantaged space has intrinsic value of its own. This shows up two ways: ⋅ It's nice to watch your tax-advantaged space grow as your investments grow. Cash doesn't grow. ⋅ If you ever need to spend that ...
by bertilak
Thu Jan 08, 2015 3:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: Placing cash needs in tax advantaged.
Replies: 15
Views: 734

Re: Price of Oil Dropping Good or Bad?

BigOil wrote:We do not hear nearly as much about the positive aspects of disruptive economic change which tend to be more hidden.

And more dispersed. Perhaps that could be considered part of the hiding process.
by bertilak
Tue Jan 06, 2015 6:11 pm
 
Forum: Investing - Theory, News & General
Topic: Price of Oil Dropping Good or Bad?
Replies: 15
Views: 946

Re: Can you make money betting on random coin flips?

Just for reference: In probability theory, the law of large numbers (LLN) is a theorem that describes the result of performing the same experiment a large number of times. According to the law, the average of the results obtained from a large number of trials should be close to the expected value, ...
by bertilak
Mon Jan 05, 2015 7:42 pm
 
Forum: Investing - Theory, News & General
Topic: Can you make money betting on random coin flips?
Replies: 295
Views: 16549

Re: What will be the biggest investment surprises of 2015?

New research proves that Dollar Cost Averaging a lump sum windfall is the winning strategy 100% of the time when used with a simple matching laddered options straddle regimen. This is a mathematical certainty.
by bertilak
Sun Jan 04, 2015 5:51 pm
 
Forum: Investing - Theory, News & General
Topic: What will be the biggest investment surprises of 2015?
Replies: 76
Views: 7446

Re: Best watch for around $5,000?

dratkinson wrote:No math involved

Actually, being familiar with an analog clock helps one understand modular arithmetic, both adding and subtracting. Math sneaks in!
by bertilak
Thu Jan 01, 2015 12:58 pm
 
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000?
Replies: 906
Views: 173103

Re: Best watch for around $5,000?

It has to be digital though - I've always found analog to be too difficult to quickly tell the time. Maybe it's an age difference but it is just the opposite for me. Usually when I look at a watch it is not out of curiosity about the time but because I am checking to see... ⋅ Am I on time...
by bertilak
Wed Dec 31, 2014 9:01 pm
 
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000?
Replies: 906
Views: 173103

Re: What are your Financial New Year's Resolutions?

⋅ Review IPS. Be sure it is simple. ⋅ Review financial summary. Include all assets, liabilities, incomes and expenses. List all recurring expenses and who they are paid to. This is especially important since almost everything is online/electronic and in case of my death or incap...
by bertilak
Wed Dec 31, 2014 1:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: What are your Financial New Year's Resolutions?
Replies: 44
Views: 3297

Re: Simple question on tax loss harvesting

For example, suppose you want a $10K downpayment for a car purchase. You could sell $10K of losing investments and go buy that car. Doesn't seem quite right, unless you had a complete loss on the investment and your marginal tax rate is 100%. Why does it need to be a complete loss? In order to real...
by bertilak
Mon Dec 29, 2014 2:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Simple question on tax loss harvesting
Replies: 28
Views: 1599

Re: Simple question on tax loss harvesting

rkhusky wrote:
bertilak wrote: For example, suppose you want a $10K downpayment for a car purchase. You could sell $10K of losing investments and go buy that car.

Doesn't seem quite right, unless you had a complete loss on the investment and your marginal tax rate is 100%.

Why does it need to be a complete loss?
by bertilak
Mon Dec 29, 2014 10:43 am
 
Forum: Investing - Help with Personal Investments
Topic: Simple question on tax loss harvesting
Replies: 28
Views: 1599

Re: When to sell, December or January?

If selling at a loss, generally the sooner the better. If selling at a gain generally the later the better. As far as "inflated" market value, if what you say is true DON'T TELL ANYBODY! You can make a fortune if it doesn't get out, although if it was true I suspect many smart people alrea...
by bertilak
Mon Dec 29, 2014 7:58 am
 
Forum: Investing - Help with Personal Investments
Topic: When to sell, December or January?
Replies: 16
Views: 1609

Re: Simple question on tax loss harvesting

See the explanation in the Wiki: https://www.bogleheads.org/wiki/Tax_loss_harvesting. That gets rather complex once past the first paragraph but all that is probably more than you need to know. The key point about TLH is that by selling at a loss you have "locked in" a future (string of) t...
by bertilak
Mon Dec 29, 2014 7:48 am
 
Forum: Investing - Help with Personal Investments
Topic: Simple question on tax loss harvesting
Replies: 28
Views: 1599

Re: Market Up but Wellington way down??? Why???

That's nothing. I have a substantial position in my IRA in Vanguard Health Care Fund and last week the NAV dropped 8% in one day :confused. I figured it was a dividend/LTCG distribution. Problem is the Div/LTCG did not show up until the next day. Whew!!! That's nothing either. In 2008 I saw big dro...
by bertilak
Sat Dec 27, 2014 4:10 pm
 
Forum: Investing - Theory, News & General
Topic: Market Up but Wellington way down??? Why???
Replies: 23
Views: 3442

Re: Square pegs won't go in round holes! Net Worth and Cash

You are not answering the question, which deals with portfolio asset allocation. You have created an ultra simplification with an arbitrary fixed 50 k "need" that makes it a tinkertoy problem but retirement needs come as risk matrices with uncertainties, or everyone would just annuitize a...
by bertilak
Sat Dec 27, 2014 3:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Square pegs won't go in round holes! Net Worth and Cash flow
Replies: 83
Views: 7073

Re: Square pegs won't go in round holes! Net Worth and Cash

I have a illiquid remainder interest in a 5 million dollar property. It has no cash flow. In your analysis I put a bucket on my head and say "I see nothing , I see nothing" etc it's an asset. Income and assets are interconvertable How much of that 5 milion asset needs to be converted to a...
by bertilak
Sat Dec 27, 2014 12:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Square pegs won't go in round holes! Net Worth and Cash flow
Replies: 83
Views: 7073

Re: Square pegs won't go in round holes! Net Worth and Cash

... the risk I can take within my portfolio is DETERMINED largely by the percentage my portfolio is of my overall assets. The amount of risk to take is determined by what is prudent, prudence being defined by the consequences of the risk being realized as a failure of your goals being met (or other...
by bertilak
Sat Dec 27, 2014 11:27 am
 
Forum: Personal Finance (Not Investing)
Topic: Square pegs won't go in round holes! Net Worth and Cash flow
Replies: 83
Views: 7073

Re: Square pegs won't go in round holes! Net Worth and Cash

2) What do you do with ANY net worth number? for our purposes you use it to determine your portfolio asset allocation. That is where you and I part ways. I think only investable assets can or should be considered in an Asset Allocation. After all, it is the investments that you can actully allocate...
by bertilak
Sat Dec 27, 2014 10:54 am
 
Forum: Personal Finance (Not Investing)
Topic: Square pegs won't go in round holes! Net Worth and Cash flow
Replies: 83
Views: 7073

Re: Market Up but Wellington way down??? Why???

One word. Dividend. Hey! You're supposed to put in a SPOILER WARNING! You gave away the ending! Looks like it was a pretty big LTCG distribution that drove the 4.18% decline, but there was also a dividend and STCG distribution as well. Yeah. Realy the "one word" should be "distributi...
by bertilak
Sat Dec 27, 2014 7:10 am
 
Forum: Investing - Theory, News & General
Topic: Market Up but Wellington way down??? Why???
Replies: 23
Views: 3442

Re: Market Up but Wellington way down??? Why???

Cosmo wrote:One word. Dividend.

Hey! You're supposed to put in a SPOILER WARNING! You gave away the ending!
by bertilak
Fri Dec 26, 2014 7:28 pm
 
Forum: Investing - Theory, News & General
Topic: Market Up but Wellington way down??? Why???
Replies: 23
Views: 3442

Re: Square pegs won't go in round holes! Net Worth and Cash

Somehow I think the distinction between an annuity and an annuitized annuity might come into play here. Definition of annuitize: ⋅ To convert the accumulated value in an annuity plan into a series of periodic payments. ⋅ To begin to receive periodic payments from an annuity contr...
by bertilak
Fri Dec 26, 2014 4:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Square pegs won't go in round holes! Net Worth and Cash flow
Replies: 83
Views: 7073

Re: Square pegs won't go in round holes! Net Worth and Cash

Do everything in terms of income streams.... It's much simpler just to look at the income stream. +1 Why convert an income stream (SS, pension) to a NAV when that NAV will just need to be converted back to an income stream to see if it will meet your needs. Those two conversion steps each involve e...
by bertilak
Thu Dec 25, 2014 9:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Square pegs won't go in round holes! Net Worth and Cash flow
Replies: 83
Views: 7073

Re: Square pegs won't go in round holes! Net Worth and Cash

Square pegs won't go in round holes! Net Worth and Cash flow Net worth and cash flow are more or less interconvertable using a well defined series of assumptions and tools Sounds contradictory to me. Perhaps that's why I can't understand what your post is getting at. One thing I have noticed when r...
by bertilak
Thu Dec 25, 2014 2:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Square pegs won't go in round holes! Net Worth and Cash flow
Replies: 83
Views: 7073

Re: Santa Cruz 1 day, Monterey 2 days with young kids

From Santa Cruz you could drive up rt 9 to Boulder Creek and then hwy 236 to Big Basin State Park. The giant Redwoods will impress even kids. There are several short walks you can take. No need for any long hikes. You may also be satisfied to simply drive through. Also, in getting there via 236, you...
by bertilak
Wed Dec 24, 2014 11:48 am
 
Forum: Personal Consumer Issues
Topic: Santa Cruz 1 day, Monterey 2 days with young kids
Replies: 15
Views: 1220

Re: Quicken places double transactions in my CU account

One suggestion that has helped me when account downloading seems to be messed up... Deactivate and then reactivate online services for the account. (Edit Account Details -> Online Services -> Deactivate) At first that seemed a little scary but I have done it several times (when Vanguard changed its ...
by bertilak
Wed Dec 24, 2014 7:53 am
 
Forum: Personal Finance (Not Investing)
Topic: Quicken places double transactions in my CU account
Replies: 2
Views: 431

Re: End Year Distro is basically a wash right?

I do KNOW I have until Mid April 2015 to make my Spousal Roth IRA contribution of 5.5k for 2014. Also I know this is End of year distribution time. From my understanding that is a balancing act between shares and prices but in the end it is no gain or no loss. This LONGTERM money will go into the V...
by bertilak
Wed Dec 24, 2014 7:35 am
 
Forum: Investing - Help with Personal Investments
Topic: End Year Distro is basically a wash right?
Replies: 3
Views: 552

Re: The ABCs of Common Sense Investing (rhyme time)

Sure enough Bertilak, that does improve it! For the benefit of other readers, let me try to explain why your word change improves it. Here are five cases where harvesting not just defers (creates tax-free loan) but LOWERS your taxes: * You repurchase similar asset and sell in future when in lower t...
by bertilak
Tue Dec 23, 2014 7:37 am
 
Forum: Investing - Theory, News & General
Topic: The ABCs of Common Sense Investing (rhyme time)
Replies: 13
Views: 2023

Re: Shiller: Buy & Hold --> Irrational Exhuberance

My point (and I should probably shut up) is that almost any statistical analysis of the market involves an underlying assumption on a statistical distribution. Not that it's that wrong, but the small deviations from that assumption is where the black swans live. We mostly agree...I think? I don't t...
by bertilak
Mon Dec 22, 2014 6:44 pm
 
Forum: Investing - Theory, News & General
Topic: Shiller: Buy & Hold --> Irrational Exhuberance
Replies: 25
Views: 3103

Re: Shiller: Buy & Hold --> Irrational Exhuberance

"Bogleheads" advocate a balanced portfolio including both stocks and bonds. In "Twelve Pillars," , John C. Bogle fleshes this out: There are an infinite number of strategies worse than this one: Commit, over a period of a few years, half of your assets to a stock index fund and ...
by bertilak
Mon Dec 22, 2014 11:45 am
 
Forum: Investing - Theory, News & General
Topic: Shiller: Buy & Hold --> Irrational Exhuberance
Replies: 25
Views: 3103

Re: The ABCs of Common Sense Investing (rhyme time)

Stickman wrote:Thanks everyone. I still welcome improvements.

That is so good I'm afraid to make a suggestion, but here goes...

    H is for Harvesting
    in more advanced classes.
    You might sell your losers
    to lower your taxes.
by bertilak
Sun Dec 21, 2014 11:51 am
 
Forum: Investing - Theory, News & General
Topic: The ABCs of Common Sense Investing (rhyme time)
Replies: 13
Views: 2023
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