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Re: Frequent Flyer Miles:Transfer, Gift or what...

I just used ff miles on Delta to get tickets for spouse and 3 grandkids, no problems, paid for my own ticket so had to do two transactions. No problems until one of the grandkids announced that dance line takes priority, goof bye ff miles. You can redeposit the SkyMiles for $150 (or free if you are...
by dickenjb
Fri Aug 22, 2014 5:26 pm
 
Forum: Personal Consumer Issues
Topic: Frequent Flyer Miles:Transfer, Gift or what...
Replies: 8
Views: 406

Re: Frequent Flyer Miles:Transfer, Gift or what...

You only transfer miles when you have 5K and he has 20K and you need to combine the miles to get an award.

Yes, I book award tickets out of my account for family and friends all the time. But you better actually know the person and not accept any compensation or your account can be closed.
by dickenjb
Fri Aug 22, 2014 4:36 pm
 
Forum: Personal Consumer Issues
Topic: Frequent Flyer Miles:Transfer, Gift or what...
Replies: 8
Views: 406

Re: 2014/2015 Honda Accord vs. 2014 Toyota Avalon

Agree that Accord should be compared with Camry. Avalon is upscale, "nearly" a Lexus.

At the prices you mention, I would go with the Avalon hands down.
by dickenjb
Fri Aug 22, 2014 4:33 pm
 
Forum: Personal Consumer Issues
Topic: 2014/2015 Honda Accord vs. 2014 Toyota Avalon
Replies: 19
Views: 1038

Re: When did you hear of Bill Miller and Legg Mason Value Tr

It was the same with Fidelity Magellan. Peter Lynch posted his huge returns when it was a small fund. Then the investors flocked in and returns faltered. So even though Fido was able to post gonzo "since inception" returns, no one was invested for the early years.
by dickenjb
Fri Aug 22, 2014 9:37 am
 
Forum: Investing - Theory, News & General
Topic: When did you hear of Bill Miller and Legg Mason Value Trust?
Replies: 24
Views: 1507

Re: Do you tip on the tax?

Is it really worth worrying about the several dollars difference? That is what it comes down to, unless we are talking a meal at the French Laundry. I do the "double the bill, move the decimal one to the left" technique to get my ~20% tip. Actually at The French Laundry, gratuity is inclu...
by dickenjb
Fri Aug 22, 2014 9:15 am
 
Forum: Personal Consumer Issues
Topic: Do you tip on the tax? [Restaurants]
Replies: 115
Views: 3426

Re: Driving in Costa Rica

I rented from Avis and drove from Alajuela to Volcan Poas. That was a fun trip. Then the wife wanted me to drive her into downtown SJO. That was terrifying, very aggressive city drivers, would not do that again.

Definitely need the GPS!
by dickenjb
Fri Aug 22, 2014 8:49 am
 
Forum: Personal Consumer Issues
Topic: Driving in Costa Rica
Replies: 21
Views: 1208

Re: Do you tip on the tax?

I tip 20% on the pretax. I think the question is just semantics as it is immaterial whether you tip 20% on pretax or 18-19% on post tax.
by dickenjb
Fri Aug 22, 2014 8:46 am
 
Forum: Personal Consumer Issues
Topic: Do you tip on the tax? [Restaurants]
Replies: 115
Views: 3426

Re: Pay cash for flight on sale, or use FF mileage quandry

I usually convert FF miles to dollars at 1 cent per FF mile, so anytime I get a flight for less than 1 cent a mile, I pay cash. As usual livesoft has the answer. You would not be in a "quandry" <sic> if you had in your mind a value for your miles. For me, it is 1.5 cpm (cents per mile). D...
by dickenjb
Fri Aug 22, 2014 8:40 am
 
Forum: Personal Consumer Issues
Topic: Pay cash for flight on sale, or use FF mileage quandry
Replies: 7
Views: 696

Re: Vanguard International ETF's

Yes, I believe you are looking for VEA.
by dickenjb
Thu Aug 21, 2014 9:59 am
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard International ETF's
Replies: 7
Views: 469

Re: Using Credit Card to Pay Off Student Loans

You guys are all math challenged - the savings are about $4000*6.8%*5/12, or about $100. The alternative case to using the CC is to just make accelerated payments on the loan over the next 5 months in which case the average balance is about $4000 over the 5 month period. It starts at $8000 and ends ...
by dickenjb
Thu Aug 21, 2014 9:56 am
 
Forum: Personal Finance (Not Investing)
Topic: Using Credit Card to Pay Off Student Loans
Replies: 24
Views: 1084

Re: Mixing life funds and other investment options

There is nothing wrong with putting the majority of your funds in a LS or TD fund and then using the minority of funds outside to consciously tilt to SC, SV, REITS or whatever if that is your cup of tea. We see a lot of newbies who have 5 funds in their 401(k) including 20% of a TD fund and 20% of S...
by dickenjb
Thu Aug 21, 2014 9:52 am
 
Forum: Investing - Theory, News & General
Topic: Mixing life funds and other investment options
Replies: 7
Views: 490

Re: Case Story/Plan: "Bank on yourself" to pay student loan.

Why does one go to grad school to make $11K a year? I am not sure that even complies with minimum wage laws.
by dickenjb
Thu Aug 21, 2014 8:08 am
 
Forum: Personal Finance (Not Investing)
Topic: Case Story/Plan: "Bank on yourself" to pay student loan.
Replies: 10
Views: 1239

Re: Cost, duration of grad school?

I think the OP is confusing graduate school with professional school. In graduate school you become an expert in a field. I have a PhD in chemistry. There are teaching assistantships and research fellowships that can defray most of the cost of school. Professional school is more applied and prepares...
by dickenjb
Wed Aug 20, 2014 10:01 pm
 
Forum: Personal Consumer Issues
Topic: Cost, duration of grad school?
Replies: 29
Views: 1320

Re: Why only stocks in a taxable account at retirement?

There is a tool, I-ORP, that will suggest the optimal accounts to spend from to maximize total after tax spend over your lifetime. Spend taxable first, TIRA second, Roth last is a rule of thumb which is correct more often than not. Rules of thumb are just that - better to do an analysis of your own ...
by dickenjb
Wed Aug 20, 2014 4:23 pm
 
Forum: Investing - Theory, News & General
Topic: Why only stocks in a taxable account at retirement?
Replies: 26
Views: 1774

Vanguard lifts mobile check deposit to $50K

Just got this in an email: You asked, and we answered. We've increased the amount Flagship clients can invest daily using mobile check investment from $10,000 to $50,000. Take advantage of this free service by using the camera on your mobile device to take a picture of both sides of your checks, and...
by dickenjb
Wed Aug 20, 2014 4:05 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard lifts mobile check deposit to $50K
Replies: 1
Views: 511

Re: Quickest Way to Deposit a Large Sum with Vanguard

I've done Wire Transfers with good results. Now, who do I have to hassle to get Vanguard to increase the daily check deposit via app from $10,000 to 20,000? $10,000 is a magic number for laws about money laundering, terrorism, and all that crap . So much for that theory - Vanguard just lifted the l...
by dickenjb
Wed Aug 20, 2014 4:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Quickest Way to Deposit a Large Sum with Vanguard
Replies: 22
Views: 2461

Re: Stock gain = price gain + dividends?

Its yield is 3%, not it is yield is 3%.

Yes, if you get a dividend yield of 3% and the share price ends 2014 up 8%, your total return is about 11%.

If dividend strategy goes out of favor and share price ends down 3% and dividend yield is 3%, you end the year with a total return of about zero.
by dickenjb
Wed Aug 20, 2014 3:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: Stock gain = price gain + dividends?
Replies: 4
Views: 488

Re: tIRA - Tax deductions

Depends on your income and whether you (or your employer) actually contribute to your 401(k) in tax year 2014.

See Pub 590:

http://www.irs.gov/pub/irs-pdf/p590.pdf
by dickenjb
Wed Aug 20, 2014 3:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: tIRA - Tax deductions
Replies: 9
Views: 613

Re: Limited 401k Options - Allocation HELP

Past returns mean nothing. We need expense ratios. Post in the format requested and you will get a great deal of help here.
by dickenjb
Wed Aug 20, 2014 3:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Limited 401k Options - Allocation HELP
Replies: 2
Views: 156

Re: Why only stocks in a taxable account at retirement?

What YDNAL said, sell TBM in tax advantaged and buy equities there.

You are still spending your taxable assets first AND maintaining your desired AA (therefore risk profile).
by dickenjb
Wed Aug 20, 2014 3:51 pm
 
Forum: Investing - Theory, News & General
Topic: Why only stocks in a taxable account at retirement?
Replies: 26
Views: 1774

Re: More Advanced Retirement Calculator?

I think I've tried them all, and I keep coming back to Fidelity RIP https://www.fidelity.com/calculators-tools/retirement-income-planner There are opportunities to put in things like inheritances that happen in the future, so you can use these for fudge factors. +1 This is by far the best and most ...
by dickenjb
Wed Aug 20, 2014 10:50 am
 
Forum: Personal Finance (Not Investing)
Topic: More Advanced Retirement Calculator?
Replies: 8
Views: 1053

Re: Registering luggage in Switzerland

I don't have personal experience but it is patently obvious from the link you provided that they will store your luggage for free for 4 days IF YOU USE THEM TO TRANSPORT IT.

If you want to fly to ZRH and store your bag in a locker there, the second set of charges apply.
by dickenjb
Wed Aug 20, 2014 9:21 am
 
Forum: Personal Consumer Issues
Topic: Registering luggage in Switzerland
Replies: 4
Views: 335

Re: Retirement Planning

The point is that there isn't such a thing as a good managed fund. There are from time to time good managed funds. But they are only known in retrospect. I respectfully disagree with Celia. I would not use past performance to pick good managed funds. Everyone is entitled to their opinion but mine i...
by dickenjb
Wed Aug 20, 2014 8:25 am
 
Forum: Investing - Help with Personal Investments
Topic: Retirement Planning
Replies: 14
Views: 1488

Re: Best strategy with 401K

If you can only afford 11% of pay, you should look into putting just enough into 401(k) for the match, then back door Roth for the rest, then back to the 401(k) to 11%.

Having said that, your 401(k) plan is not terrible.
by dickenjb
Wed Aug 20, 2014 8:18 am
 
Forum: Investing - Help with Personal Investments
Topic: Best strategy with 401K
Replies: 7
Views: 590

Re: How the rich stay/get richer??

What matters is that the spending is significantly less than the total growth per year. It makes no difference whether that growth comes from dividends or appreciation, or both. Agreed. The dividends vs principal is a red herring. The hypothetical rich guy could be invested in stocks that pay no di...
by dickenjb
Wed Aug 20, 2014 8:16 am
 
Forum: Investing - Theory, News & General
Topic: [live off dividends?] How the rich stay/get richer??
Replies: 62
Views: 4804

Re: Move all bonds to Roth IRA?

bobo333 wrote:My asset allocation is admittedly simplistic, but that's not necessarily a bad thing.


You are right, in fact I would argue it is a good thing.
by dickenjb
Wed Aug 20, 2014 8:09 am
 
Forum: Investing - Help with Personal Investments
Topic: Move all bonds to Roth IRA?
Replies: 13
Views: 1552

Re: Move all bonds to Roth IRA?

You must be eligible for traditional ira contributions, which would be preferable to a Roth ira in your tax bracket. Not only that, you are eligible to make deductible TIRA contributions. Start a TIRA and put all your TBM in there. Put all your TISM in taxable. Put TSM in the Roth and any leftover ...
by dickenjb
Wed Aug 20, 2014 8:08 am
 
Forum: Investing - Help with Personal Investments
Topic: Move all bonds to Roth IRA?
Replies: 13
Views: 1552

Re: Spousal IRA and Backdoor Roth Conversion with High AGI

Read Pub 590 and all your questions will be answered.
by dickenjb
Tue Aug 19, 2014 11:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Spousal IRA and Backdoor Roth Conversion with High AGI
Replies: 12
Views: 1031

Re: Wash D.C. speed camera - how accurate?

inbox788 wrote: It's a technicality, but in some cases, 1 mph may be the difference between just a speeding ticket and a wreckless driving one.


He didn't say anything about being in an accident so we can assume he was wreckless. :wink:
by dickenjb
Tue Aug 19, 2014 2:44 pm
 
Forum: Personal Consumer Issues
Topic: Wash D.C. speed camera - how accurate?
Replies: 40
Views: 2312

Re: Rebalancing After a Correction

Too little equity exposure for my tastes and yes your recent actions smell of market timing.

But if it makes you happy....
by dickenjb
Tue Aug 19, 2014 11:46 am
 
Forum: Investing - Help with Personal Investments
Topic: Rebalancing After a Correction
Replies: 13
Views: 1293

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

Ideally you do not leave money to your heirs in an TIRA at all. In order of preference: 1) Roth IRA - earns tax free for life of heir 2) Appreciated assets in taxable account - basis gets stepped up at death 3) TIRA - withdrawals are taxed Additionally in my state (PA) there is a 4.5% inheritance ta...
by dickenjb
Tue Aug 19, 2014 9:59 am
 
Forum: Personal Finance (Not Investing)
Topic: So am I a terrible father? [inheritance question]
Replies: 31
Views: 4381

Re: New Boglehead - Looking for some advice

Personally unless one or both of you is planning on changing employers within the next 5-10 years I would fund his 401(K) only to 6% to max the match and not put anything into hers. 2-3% fees no good unless you will switch employers and roll out to IRA or new 401(k).
by dickenjb
Tue Aug 19, 2014 9:52 am
 
Forum: Investing - Help with Personal Investments
Topic: New Boglehead - Looking for some advice
Replies: 12
Views: 718

Re: Do you know any of the 36% [that don’t save for retireme

Here is a tip that worked for my children: I forced them to open Roth IRAs with their job earnings. They would not do it unless I forced them to do it. To make it worth their while, I simply give them the money to put in the Roth IRA. In other words, I essentially double their salaries since they a...
by dickenjb
Tue Aug 19, 2014 8:40 am
 
Forum: Investing - Help with Personal Investments
Topic: [helping a family member to start investing]
Replies: 10
Views: 797

Re: liquidity of bond fund in taxable

Only rub I see is if you have a small cap loss on shares purchased within the last 6 months the loss is disallowed except to the extent it exceeds tax free dividends earned. Use specific ID and as livesoft said, try to offset gains with losses and/or book $3K cap loss to take off on your 1040 next A...
by dickenjb
Tue Aug 19, 2014 8:25 am
 
Forum: Investing - Help with Personal Investments
Topic: liquidity of bond fund in taxable
Replies: 4
Views: 486

Re: Reallocation of Custodial Funds - College Savings

PS whatever happened with the snafu when you took funds from your son's custodial account and tried to deposit it into your account?

It's been two years and you never gave us an update.

viewtopic.php?f=11&t=122305&p=1789786#p1789786
by dickenjb
Mon Aug 18, 2014 6:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Reallocation of Custodial Funds - College Savings
Replies: 5
Views: 149

Re: Reallocation of Custodial Funds - College Savings

I think you should have had her realize $2000 in LT gains tax free every year for the past 12 years and then her basis would equal the Fair Market Value. One way to have done this is to exchange VTSAX for VFINX, just enough to realize $2000 of LTCG and QDI each and every year. Since you did not, at ...
by dickenjb
Mon Aug 18, 2014 6:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: Reallocation of Custodial Funds - College Savings
Replies: 5
Views: 149

Re: Dealing with taxes on Options

OK it sounds like the OP has RSU's, Restricted Stock Units and not options at all. What I did with my RSU's was to sell them the day they vested. As others have pointed out, one of the few free lunches in investing is the reduced risk you gain from diversification without giving up return. Conversel...
by dickenjb
Mon Aug 18, 2014 5:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Dealing with taxes on Options
Replies: 10
Views: 428

Re: IRA?

You can "get" (open) an IRA, but you might be better off opening a solo 401(k). It allows you to shelter much more per year if your income supports it - up to $52K I believe.
by dickenjb
Mon Aug 18, 2014 4:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: IRA?
Replies: 5
Views: 224

Re: Please help with asset allocation and 401k selections...

retiredjg, I think then the take-away is that you wouldn't overweight the portfolio with small cap stocks and simply get the Russell 3000 fund. What about the selection of index bonds? Would you select BlackRock US Debt Index Fund, PIMCO Total Bond Return Bond, or Eaton Vance Floating Rate & Hi...
by dickenjb
Mon Aug 18, 2014 4:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Please help with asset allocation and 401k selections...
Replies: 15
Views: 935

Re: Dealing with taxes on Options

Are you sure you were granted options and not RSU's? Options are not taxed until exercised. RSU's are taxed when they vest.
by dickenjb
Mon Aug 18, 2014 3:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: Dealing with taxes on Options
Replies: 10
Views: 428

Re: Beginning Investor Advice

OK so you said Roth IRA when you meant Roth 401(k). No wonder we were confused. Roth option in 401(k) may be a better option than traditional but it depends on your current and future tax brackets and has nothing to do with your age. IT & Health Care may do well in the future, but if so are pric...
by dickenjb
Mon Aug 18, 2014 10:20 am
 
Forum: Investing - Help with Personal Investments
Topic: Beginning Investor Advice
Replies: 6
Views: 581

Re: Selling 401k questions

What you are proposing is a really bad idea and a last resort. I would look into tapping my emergency fund, HELOC, withdraw contributions from Roth IRA, title loan on my car, 401(k) loan before I would even consider paying tax + 10% penalty on a 401(k) withdrawal. You are jeopardizing your future re...
by dickenjb
Mon Aug 18, 2014 9:40 am
 
Forum: Personal Finance (Not Investing)
Topic: Selling 401k questions
Replies: 11
Views: 590

Re: What was Underestimated\Overestimated in Retirement

I underestimated the amount of income I would have because of RMD from a very successful portfolio. LarryG RMD isn't really income. You are just moving assets from one container to another. Gill I had a hard time explaining that concept to a couple I advise when he turned 70.5 They thought they had...
by dickenjb
Mon Aug 18, 2014 9:31 am
 
Forum: Personal Finance (Not Investing)
Topic: What was Underestimated\Overestimated in Retirement
Replies: 48
Views: 4570

Re: Vanguard options with 11k to invest - proper format

We need all the investment options for your 403(b) and your wife's with expense ratios. Then can advise on entire portfolio which should be viewed as one portfolio, not 4 accounts.
by dickenjb
Mon Aug 18, 2014 9:07 am
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard options with 11k to invest - proper format
Replies: 9
Views: 575

Re: Retirement Party Discussions

I generally don't discuss my finances outside my family and this Forum, but recently I had a conversation with a woman who has retired from a New York City job. She was surprised by the following aspects of my plan: 1. Wait to collect the Social Security at the age of 70. 2. Make Roth conversions d...
by dickenjb
Mon Aug 18, 2014 9:01 am
 
Forum: Investing - Theory, News & General
Topic: Retirement Party [Investment] Discussions
Replies: 50
Views: 3843

Re: Retirement Party Discussions

Most people think they have above-average intelligence too, which of course is mathematically impossible. "My mind is made up, so don't confuse me with the truth" Not true! Consider the following group of people with average IQ of 100: 105 105 105 105 80 The average IQ is 100. 80% of the ...
by dickenjb
Mon Aug 18, 2014 8:59 am
 
Forum: Investing - Theory, News & General
Topic: Retirement Party [Investment] Discussions
Replies: 50
Views: 3843

Re: Helping widowed mother with finances

Note that if she keeps the 401(k) as an inherited 401(k), she'll have to take RMDs immediately since your father was 70.5. But if she rolls it over into her own IRA, which she can do as a spouse, she can wait until she turns 70.5 before taking any RMDs. This. There is a time limit to do this so res...
by dickenjb
Mon Aug 18, 2014 8:53 am
 
Forum: Investing - Help with Personal Investments
Topic: Helping widowed mother with finances
Replies: 8
Views: 669

Re: What was Underestimated\Overestimated in Retirement

I underestimated the returns from Taylor's Three Fund Portfolio since I retired in 2010. The returns for VSMGX (which mirrors my portfolio, 60/40 with 30% of equities international) were: 2010 13% 2011 flat 2012 12% 2013 15% 2014 5% YTD Having said that, reversion to the mean may be around the corne...
by dickenjb
Sun Aug 17, 2014 8:58 am
 
Forum: Personal Finance (Not Investing)
Topic: What was Underestimated\Overestimated in Retirement
Replies: 48
Views: 4570

Re: How much do you plan to save in your 529 plan?

I have two boys and I did not put a dollar into 529's until I had maxed out 401(k) at $17,500 + $5500, his and hers Roths, and a top hat plan that allowed me to defer 100% of my bonus each year before taxes (ca $50K). Once I had extra over and above our retirement savings, I put the PA state limit f...
by dickenjb
Sun Aug 17, 2014 8:58 am
 
Forum: Personal Finance (Not Investing)
Topic: How much do you plan to save in your 529 plan?
Replies: 48
Views: 4673

Re: Ortho/Dental Forced Financing Dilema

You are getting upset over nothing. They are not forcing you to finance, you can pay in full upfront.
by dickenjb
Sat Aug 16, 2014 11:30 pm
 
Forum: Personal Consumer Issues
Topic: Ortho/Dental Forced Financing Dilema
Replies: 5
Views: 778
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