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Re: Bond fund for taxable account.

Looks like you are in the 25% fed tax bracket. I bought both IT and LT muni in the 15% fed tax bracket. Still hold them. Still happy with them. Search Wiki and learn about Taxable-Equivalent Yield (TEY). That is what convinced me. (Working on longer answer for theory section. Short answer: IT muni i...
by dratkinson
Wed Oct 29, 2014 6:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: Bond fund for taxable account.
Replies: 2
Views: 309

Re: anticipating tax rate in retirement

... That being said, I would like to be able to estimate the effective tax rate on any future RMDs from a traditional 401k/IRA ... I don't know how to compute effective tax rate, but did this to guesstimate after-tax income for different cases. Played with above 1040 Excel tool last night. After en...
by dratkinson
Mon Oct 27, 2014 5:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: anticipating tax rate in retirement
Replies: 14
Views: 1628

Re: anticipating tax rate in retirement

The short answer. Download this Excel-based 1040 to run tax simulations on your PC: https://sites.google.com/site/excel1040/ The long answer. Feeling somewhat chagrined by above mistake, thought I'd study a little deeper. Re-read Wiki SS explanation and thought a hands-on example would reinforce lea...
by dratkinson
Sun Oct 26, 2014 7:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: anticipating tax rate in retirement
Replies: 14
Views: 1628

Re: Bond exposure in my portfolio

Read one of the three recommended bond books by Swedroe, Thau, or Cohen. (Haven't yet read Cohen.) There is too much information there to repeat here. Recall Swedroe recommends intermediate term bonds: duration ~5 years. Recall Thau is happy with bond durations less than 10 years. Yes, prices will d...
by dratkinson
Sun Oct 26, 2014 4:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: Bond exposure in my portfolio
Replies: 13
Views: 1481

Re: NJ - Buying house in flood zone (FEMA)?

House buying 101. Do not buy a house in a floodplain, hurricane zone, or west of the Saint Andreas fault. What about areas that get tornadoes, mudslides, and fires? I have seen plenty of homes destroyed on the news by those events also. Earth-sheltered home in most protected area. My guess is in a ...
by dratkinson
Sun Oct 26, 2014 3:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: NJ - Buying house in flood zone (FEMA)?
Replies: 42
Views: 2031

Re: anticipating tax rate in retirement

kaneohe, grabiner, thanks for correction. That is a significant oversight. Will correct. :oops: For me, SS is a few years away but had been doing some pre-planning to compute then-taxable income: modify income/withholdings-estimate annual spreadsheets. Obviously didn't look close enough at SS worksh...
by dratkinson
Sun Oct 26, 2014 2:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: anticipating tax rate in retirement
Replies: 14
Views: 1628

Re: So you think you're a Risk-taker?

Neither above link worked for me. But dropped the title (So you think you're a Risk-taker?) into google, and google's link escorted me into article. Yet the article link, and second link above, appear to be the same. Go figure.
by dratkinson
Sat Oct 25, 2014 5:10 pm
 
Forum: Investing - Theory, News & General
Topic: So you think you're a Risk-taker?
Replies: 36
Views: 3785

Re: tax efficiency

I bonds are also state tax exempt when redeemed.
by dratkinson
Sat Oct 25, 2014 4:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: tax efficiency
Replies: 5
Views: 862

Re: anticipating tax rate in retirement

Misinformation removed.
by dratkinson
Sat Oct 25, 2014 4:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: anticipating tax rate in retirement
Replies: 14
Views: 1628

Re: NJ - Buying house in flood zone (FEMA)?

JMacDonald wrote:
dratkinson wrote:House buying 101. Do not buy a house in a floodplain, hurricane zone, or west of the Saint Andreas fault.

What about areas that get tornadoes, mudslides, and fires? I have seen plenty of homes destroyed on the news by those events also.


Earth-sheltered home in most protected area.
by dratkinson
Sat Oct 25, 2014 5:57 am
 
Forum: Personal Finance (Not Investing)
Topic: NJ - Buying house in flood zone (FEMA)?
Replies: 42
Views: 2031

Re: NJ - Buying house in flood zone (FEMA)?

House buying 101. Do not buy a house in a floodplain, hurricane zone, or west of the Saint Andreas fault.
by dratkinson
Fri Oct 24, 2014 6:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: NJ - Buying house in flood zone (FEMA)?
Replies: 42
Views: 2031

Re: Help needed for tax efficient fund placement

Read this: http://www.bogleheads.org/wiki/Principles_of_tax-efficient_fund_placement Bonds and REIT are tax inefficient and should be in a tax-advantaged account. Total international stock market is fairly tax efficient (some qualified dividends + a foreign tax credit) and can be in taxable. If you ...
by dratkinson
Fri Oct 24, 2014 5:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help needed for tax efficient fund placement
Replies: 6
Views: 584

Re: The 1 Thing Successful Investors Never Do

"Never give up." Glad someone posted it as I'm a little dense today and couldn't figure out what that one thing was. From the Guerin comment, I was going to guess "buy on margin", but maybe that's not the one thing. Also note that last paragraph links to a "hot stock" s...
by dratkinson
Thu Oct 23, 2014 3:26 pm
 
Forum: Investing - Theory, News & General
Topic: The 1 Thing Successful Investors Never Do
Replies: 12
Views: 4805

Re: DIY Winterizing Sprinkler / Irrigation System

The following document has the best overview and diagram of the winterizing process that I have seen. I printed the instructions/diagram and have hung it in our basement next to the irrigation main valve to remind me of the process. http://lawn-aerator-attachment.com/Winterize%20Backflow%20Preventi...
by dratkinson
Thu Oct 23, 2014 2:54 pm
 
Forum: Personal Consumer Issues
Topic: DIY Winterizing Sprinkler / Irrigation System
Replies: 17
Views: 1569

Re: DIY Winterizing Sprinkler / Irrigation System

Lesson learned #1. There are two types of air hose connections/adapters. One is automotive, the other is for air tools: the ends are a little different and will not interconnect. Get the one that fits your air compressor: take a sample when you go shopping. Lesson learned #2. In hindsight, if I'd in...
by dratkinson
Tue Oct 21, 2014 4:58 pm
 
Forum: Personal Consumer Issues
Topic: DIY Winterizing Sprinkler / Irrigation System
Replies: 17
Views: 1569

Re: Borescope for inspecting dryer vents and AC ducts

Don't really need a borescope for dryer vents, just assume it needs cleaning and blow it out using an electric leaf blower. The low pressure, high volume air stream will clean it out. For some reason, a neighbor's basement dryer was installed on one wall, but vented overhead to the opposite wall: >2...
by dratkinson
Mon Oct 20, 2014 2:00 am
 
Forum: Personal Consumer Issues
Topic: Borescope for inspecting dryer vents and AC ducts
Replies: 9
Views: 1336

Re: Snow Blower

Now use water-proof bulky ski gloves from Army-Navy Surplus: ~$10, the last I remember buying. Form-fitting Thinsulate gloves don't work after they get wet. Have a 3-ring binder for my snowblower owner's manual: keeps it clean on garage shelf. Inside binder, clipped in the rings, are: (1) a small pl...
by dratkinson
Sun Oct 19, 2014 2:20 am
 
Forum: Personal Consumer Issues
Topic: Snow Blower
Replies: 49
Views: 2660

Re: New to Investing, Based in Hong Kong

On second page of: http://www.etf.db.com/HKG/ENG/Product_Overview Do I understand this correctly, the world in one ETF? 3019 DB X-TRACKERS MSCI WORLD INDEX UCITS ETF (synthetic) Product details: http://www.etf.db.com/HKG/ENG/ETF/LU0455009851/3019/db-x-trackers-MSCI-World-Index-UCITS-ETF-(This-is-a-s...
by dratkinson
Sat Oct 18, 2014 3:48 am
 
Forum: Investing - Help with Personal Investments
Topic: New to Investing, Based in Hong Kong
Replies: 51
Views: 2629

Re: Taxable investing compatible with Boglehead approach?

One approach? Hardly. We do what we are comfortable doing. It's called different roads to Dublin. My small Roth is all equities as I follow the shooting-for-the-moon approach in tax-advantaged. 3-fund option. My taxable account is a 3-fund portfolio substituting muni bonds for total bond market. Int...
by dratkinson
Fri Oct 17, 2014 10:07 pm
 
Forum: Investing - Theory, News & General
Topic: Taxable investing compatible with Boglehead approach?
Replies: 9
Views: 1117

Re: Portfolio advice, Am I at a good start?

Is there a Roth TSP? If there is and it has the same advantages as a rIRA, I'd use it over a traditional TSP. Double-check, and the tax advantages/disadvantages of doing so.
by dratkinson
Wed Oct 15, 2014 6:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio advice, Am I at a good start?
Replies: 14
Views: 1509

Re: Losing draft posts due to auto logout: solution, suggest

If you check the box for "automatic login" at login, then when your session times out and the preview hits the server, you are automatically logged back in and the process is transparent to you.

I've also developed the Ctrl-A, Ctrl-C habit before preview or posting, just in case.
by dratkinson
Tue Oct 14, 2014 6:30 pm
 
Forum: Forum Issues and Administration
Topic: Losing draft posts due to auto logout: solution, suggestion
Replies: 7
Views: 399

Re: New to Investing, Based in Hong Kong

Sorry I can't help you, but I'm very interested in the answers you receive as I'd like to pass the information on to my Chinese penpal. I have looked on the Hong Kong stock exchange (English side) and could find nothing that I recognized from which to build a global portfolio. Most of what I found w...
by dratkinson
Tue Oct 14, 2014 6:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: New to Investing, Based in Hong Kong
Replies: 51
Views: 2629

Re: Preventing animals from chewing through garage threshold

A local museum has a working 1880s farmstead: donkeys/mules, cows, sheep, appropriate farm crops, situated near a lake. Lots of ducks and geese on the lake wander onto the farmstead. Foxes and coyotes around the lake. The farmstead has 3-4 gray tabbies. Was told buy museum staff that cats get vet vi...
by dratkinson
Tue Oct 14, 2014 6:08 pm
 
Forum: Personal Consumer Issues
Topic: Preventing animals from chewing through garage thresholds
Replies: 23
Views: 1468

Re: Portfolio advice, Am I at a good start?

Read: Wiki topic: Military Finances, http://www.bogleheads.org/wiki/Military_finances Above distilled from: Forum topic: Military Investing, http://www.bogleheads.org/forum/viewtopic.php?t=48901 1. Max out your TSP. 2. Max out your Roth IRA. Why? You are in a low tax bracket now, so the tax benefit ...
by dratkinson
Tue Oct 14, 2014 5:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio advice, Am I at a good start?
Replies: 14
Views: 1509

Re: need a new home page [browser default page]

I like a "blank" homepage, containing a search engine tool bar defaulted to Google. Simple, fast, always handy.
by dratkinson
Tue Oct 14, 2014 4:50 pm
 
Forum: Personal Consumer Issues
Topic: need a new home page [browser default page]
Replies: 25
Views: 1912

Re: Snow Blower

I have an old Craftsman 5/23 (5HP, 23" wide, pull start) Track-Plus snowblower. It's small (~150 lbs.), so fairly easy to maneuver; goes slow, but gets the job done. Paid ~$350 off CL. I've used it >10 years to clear a sloping 3-car-wide 70' driveway. And my neighbors driveways, and sidewalks. ...
by dratkinson
Wed Oct 08, 2014 5:21 pm
 
Forum: Personal Consumer Issues
Topic: Snow Blower
Replies: 49
Views: 2660

Re: Getting back into the market

Assuming a small pile of cash, the typical advice for appropriate investment vehicles and need times is.... If you need the money in: 1-5 years: use insured CDs or savings bonds. 5-10 years: use safe bonds. >10 years: use safe stocks. For an immediate need in 5 years and assuming a small pile cash, ...
by dratkinson
Wed Oct 08, 2014 3:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: Getting back into the market
Replies: 32
Views: 4028

Re: Three fund allocation per Vanguard Flagship CFP?

I'm a novice investor and acknowledge there is much I don't understand about muni bond risk. But I had to make a choice for my taxable, so had to develop a simplified analysis and actions steps. Simplified analysis. * TBM is the preferred option for the 3-fund portfolio, so it became my baseline for...
by dratkinson
Tue Oct 07, 2014 4:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: Three fund allocation per Vanguard Flagship CFP?
Replies: 45
Views: 4760

Re: LED Flashlights

Generally it's better and cheaper to buy a new LED flashlight than it is to convert an old one. I've seen a lot of lost flashlights due to leaking alkaline batteries so now avoid them. Now use lithium. (My converted 2AA Maglite below is one I was able to save: saved three for the owner and was given...
by dratkinson
Sat Oct 04, 2014 5:31 pm
 
Forum: Personal Consumer Issues
Topic: LED Flashlights
Replies: 51
Views: 3697

Re: Three fund allocation per Vanguard Flagship CFP?

If you don't go the annuity route, then this is another vote for muni bonds in the 15% fed tax bracket as their favorable tax treatment can spread benefits to QDI and LTCG income. Taxes on QDI and LTCG. Qualified dividend income---the majority of total stock market and total international stock mark...
by dratkinson
Sat Oct 04, 2014 3:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Three fund allocation per Vanguard Flagship CFP?
Replies: 45
Views: 4760

Re: My IPS in computer pseudocode [Investment Policy Stateme

villars, I've continued to play with your idea for automated reminder notes. Believe I've created a reminder of everything I typically need. So far I've got these working: "January: Set annual fed/state tax withholdings. See note, left." "January: Reset Target Asset Allocation. See no...
by dratkinson
Fri Oct 03, 2014 3:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: My IPS in computer pseudocode [Investment Policy Statement]
Replies: 24
Views: 2758

Re: should participate in employer matches?

Believe I've read here of some doing an annual rollover (in-service transfer) of 401k contributions to an IRA. If so then could use annual rollover to get full 401k contribution limit, get employer's match, and reduce future costs. Would need to check your 401k plan to see if in-service transfer is ...
by dratkinson
Wed Oct 01, 2014 3:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: should participate in employer matches?
Replies: 20
Views: 1483

Re: Finding Equivalent Vanguard Muni Fund

An amazing yield means less when accompanied by a capital loss: reference Madoff's clients. If your dad's fund has an advertised high yield, but $12K principle loss, then his total return (share price + dividends) is actually lower then he believes. You must subtract the principle loss to get total ...
by dratkinson
Wed Oct 01, 2014 2:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: Finding Equivalent Vanguard Muni Fund
Replies: 5
Views: 405

Re: CNN: 5 investing secrets of the wealthy.

Not once do they suggest buying the total stock/bond market to control fees/risk/panic, or to avoid wasting time. I got that from #2 but maybe that was me reading between the lines: "Our high-net worth clients spend less time on that [picking next hot stock] and instead focus on wanting to own...
by dratkinson
Tue Sep 30, 2014 7:46 pm
 
Forum: Investing - Theory, News & General
Topic: CNN: 5 investing secrets of the wealthy.
Replies: 20
Views: 3667

Re: CNN: 5 investing secrets of the wealthy.

A half-truth is the most dangerous lie, because part of it is irrefutable truth. If you accept "1. Know the fees on your investments", " 2. Don't waste too much time looking for the next big thing", "3. Know your risk tolerance.", and "5. Never panic.", then t...
by dratkinson
Tue Sep 30, 2014 5:17 pm
 
Forum: Investing - Theory, News & General
Topic: CNN: 5 investing secrets of the wealthy.
Replies: 20
Views: 3667

Re: Redoing Neglected Portfolio - Need Alternatives

... if i'm not mistaken, all those funds are load funds. ... Change IPS. Only no-load funds may be used. Would think library board could manage investment account without broker: corporate account at Vanguard/Fidelity,.... Whoever does tax accounting now could educate/advice board on consequences o...
by dratkinson
Tue Sep 30, 2014 4:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: Redoing Neglected Portfolio - Need Alternatives
Replies: 10
Views: 620

Re: Very basic bond question

The price of a stock become inflated from the accruing/embedded dividends, and is reduced by the same amount when the dividend is paid. The share owner (even if for only one day) on the day the dividend is declared gets the full dividend. Hence the advice "don't buy a dividend": you are ta...
by dratkinson
Tue Sep 30, 2014 4:07 pm
 
Forum: Investing - Theory, News & General
Topic: Very basic bond question
Replies: 7
Views: 830

Re: Water Powered Sump-Pump Backups?

Search for reviews on "Base Pump". Believe some here have used them. Other brands may also be available. Know nothing else about them. Don't appear to be that difficult to install for homeowner with copper pipe soldering skills.

basepump.com
by dratkinson
Tue Sep 30, 2014 3:51 pm
 
Forum: Personal Consumer Issues
Topic: Water Powered Sump-Pump Backups?
Replies: 19
Views: 984

Re: favorite brand name products

Progresso Hearty Tomato soup (not Tomato Basil) is much better than Campbell's Tomato soup Campbell's Split Pea & Ham soup. Le Sueur's sweet peas. Glory Seasoned Southern Style Greens (Turnip or Mixed). Served with Texas Pete Pepper Sauce. Bushes Baked Beans (original or onion) Post Honey Bunche...
by dratkinson
Mon Sep 29, 2014 3:52 pm
 
Forum: Personal Consumer Issues
Topic: favorite brand name products
Replies: 58
Views: 3007

Re: How can I stop feeling depressed about my finances?

I worked blue collar full-time while going to school part-time. I graduated college in 1980 at 32. My first job after graduation paid $1K/month, but only lasted 3 months: laid off due to economic downturn. I found other jobs. I didn't find the BH way until I was almost 60. Believe you are overreacti...
by dratkinson
Mon Sep 29, 2014 3:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: How can I stop feeling depressed about my finances?
Replies: 130
Views: 14076

Re: Gifting Appreciated EE or iBonds to non dependent for 52

sscritic, thanks for PM clarification. Second idea (again, I haven't looked that deeply). 1. OP uses bonds to fund own 529 plan, and takes European continuing education courses operated by qualified US school. Could take courses in foreign language immersion, Italian/French cooking, tourism/cultural...
by dratkinson
Mon Sep 29, 2014 4:56 am
 
Forum: Personal Finance (Not Investing)
Topic: Gifting Appreciated EE or iBonds to non dependent for 529
Replies: 13
Views: 652

Re: Gifting Appreciated EE or iBonds to non dependent for 52

Gill wrote:You don't qualify because she isn't a dependent.
Gill


Idea. What if OP made parents of niece/nephew co-owner of the bonds, then gave them the bonds to fund 529 plan?
by dratkinson
Sun Sep 28, 2014 2:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Gifting Appreciated EE or iBonds to non dependent for 529
Replies: 13
Views: 652

Re: Tax Season Reference???

... Thanks for the informative post! I didn't realize the software made it so easy, as I've always just used the most basic version. I will just plan on doing the questionnaire that you mentioned. :beer (not too early, is it?) For grins, you can try the tax software for free. Go to taxact.com and t...
by dratkinson
Sun Sep 28, 2014 2:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tax Season Reference???
Replies: 13
Views: 644

Re: Cast Iron Skillet Cooking

newbie question here. Can I just get a cast iron dutch oven instead? Couldn't I use the dutch oven the same way as the skillet? It seems more practical for me to get the dutch oven since it has a lid and it has higher walls to avoid splatter. Lodge LCC3 Pre-Seasoned Cast-Iron Combo Cooker, 3-Quart....
by dratkinson
Thu Sep 25, 2014 4:53 am
 
Forum: Personal Consumer Issues
Topic: Cast Iron Skillet Cooking
Replies: 107
Views: 9556

Re: Calculating Bond Fund What-Ifs

... Malkiel: ... As those interest rates rose, bond prices fell, bonds became very, very volatile, and those who don’t remember history I think are doomed to repeat it . We’re in the same situation now. We’re financing our large debt with what’s called financial repression, keeping interest rates v...
by dratkinson
Wed Sep 24, 2014 5:20 pm
 
Forum: Investing - Theory, News & General
Topic: Calculating Bond Fund What-Ifs
Replies: 56
Views: 4222

Re: Cast Iron Skillet Cooking

Cast iron cooking forum: http://www.camp-cook.com/forum/ You can damage the coating (olive oil in this case) by placing CIS on high-temp stove-top burner to dry after washing... and walking away... and forgetting it until next morning. :oops: Needing to researched re-seasoning cast iron, found the f...
by dratkinson
Wed Sep 24, 2014 2:35 pm
 
Forum: Personal Consumer Issues
Topic: Cast Iron Skillet Cooking
Replies: 107
Views: 9556

Re: operating cost of this forum

I notice the next quarter Chase 5% cash back reward categories include Amazon. Time to restock needed items for a double bonus.
by dratkinson
Wed Sep 24, 2014 1:23 pm
 
Forum: Forum Issues and Administration
Topic: operating cost of this forum
Replies: 42
Views: 5616

Re: What can I do next?

Read this: http://www.bogleheads.org/wiki/Military_finances Begin investing in your Thrift Savings Plan (DoD 401k). Read The Boglehead's Guide to Investing to learn how to invest wisely. Read The Only Investment Guide You'll Every Need , by Andrew Tobias, for general advice on handling most other pe...
by dratkinson
Mon Sep 22, 2014 6:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: What can I do next?
Replies: 5
Views: 741

Re: Portfolio help please!

Using your cheapest 401k option (bonds in your case) is an acceptable option for consuming that space. And then filling out your asset allocation with low-cost tax-efficient funds in taxable is also acceptable. (International equities want to be in taxable to get the foreign tax credit: ~10% of thei...
by dratkinson
Mon Sep 22, 2014 5:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio help please!
Replies: 5
Views: 647

Re: Best way to invest for a small child/baby?

Paper I bonds purchased with your tax return. Child can be listed as co-owner or beneficiary. See IRS form 8888 and instructions. Safe. Tangible. Can specify amount in small increments. Can be used to fund 529 plan making interest tax-exempt. Child can look up current value at TreasuryDirect's onlin...
by dratkinson
Sun Sep 21, 2014 4:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Best way to invest for a small child/baby?
Replies: 7
Views: 1028
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