Search found 15078 matches

by grabiner
Fri Jul 31, 2015 9:23 pm
Forum: Personal Finance (Not Investing)
Topic: CA State Refund Intercepted by DMV
Replies: 11
Views: 949

Re: CA State Refund Intercepted by DMV

So California doesn't require you to actively un-register vehicles? Seems silly. I had a similar issue. I moved from CA to AZ, and registered my car in AZ. A year later, I got a notice that my CA registration had not been renewed and a bill for the delinquent registration; apparently, AZ never noti...
by grabiner
Fri Jul 31, 2015 9:07 pm
Forum: Investing - Theory, News & General
Topic: "Pants on Fire: 10 Big Lies in the Financial Services Industry" by Bob Seawright/Above the Market Blog
Replies: 5
Views: 1398

Re: "Pants on Fire: 10 Big Lies in the Financial Services Industry" by Bob Seawright/Above the Market Blog

"I'm different" does have some meaning, but not as a measure of ability. If you are 20 years from retirement, you should have more stock than the average investor; if you are retired and living off your portfolio, you should have less stock. If you live in California and are in a high tax ...
by grabiner
Fri Jul 31, 2015 8:42 pm
Forum: Investing - Theory, News & General
Topic: Chance of bond being called?
Replies: 4
Views: 377

Re: Chance of bond being called?

As an example, say I am looking a bond with a maturity date of Dec. 2024. It becomes callable Jan 2017. The coupon rate is 5%. The bond rating is AA. If my guess is that the federal funds rate will be 1.5% on the callable date, will this bond be called? The federal funds rate isn't the relevant rat...
by grabiner
Fri Jul 31, 2015 8:36 pm
Forum: Investing - Theory, News & General
Topic: Questions regarding Tax-Loss Harvesting
Replies: 5
Views: 287

Re: Questions regarding Tax-Loss Harvesting

So hypothetically, you invest $100,000 in the stock market in January. In February the value of your stocks falls to $90,000. You sell your stocks, realizing a loss of $10,000. After waiting 31 days (as to avoid a wash sale), you reinvest the $90,000 plus the additional tax money you've saved by re...
by grabiner
Fri Jul 31, 2015 8:27 pm
Forum: Investing - Help with Personal Investments
Topic: Tax loss Harvest Help
Replies: 18
Views: 1015

Re: Tax loss Harvest Help

Maybe your right, not sure if I am understanding if wash sale really comes into play. Right now my 403b gets deducted every 2 weeks at paycheck time si I buy twice a month. For taxable brokerage I buy once a month on auto invest. I gues I could adjust auto investing the month after tax loss harvest...
by grabiner
Fri Jul 31, 2015 8:24 pm
Forum: Investing - Help with Personal Investments
Topic: About to dive in - would love a look-over of my IPS
Replies: 4
Views: 499

Re: About to dive in - would love a look-over of my IPS

Welcome to the forum! Your plan looks good in general. You don't need to plan for specific dollar amounts, as those will change as you make new investments every year, and as the markets rise and fall; planning for a percentage makes more sense. Whatever your portfolio happens to be, you can put 20%...
by grabiner
Fri Jul 31, 2015 7:50 pm
Forum: Investing - Help with Personal Investments
Topic: Advisor Self Interest?
Replies: 15
Views: 892

Re: Advisor Self Interest?

What, if any, self-interested incentives are there in these specific Fidelity rep recommended investments for recently inherited $900,000 in cash? (65 year-old retiree) 50% Individual Corporate Bonds in 7 year ladder This is the one I would worry most about. Corporate ond pricing is not transparent...
by grabiner
Fri Jul 31, 2015 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: Which debt to work on next?
Replies: 22
Views: 1521

Re: Which debt to work on next?

Since you hit the Pease limitation every year, you get full benefit of every additional dollar deducted, so you would have a 1.66% return on mortgage payments. With a shorter term on the mortgage, paying it off is the better deal. But I wouldn't do either one. Rather, I would suggest investing the ...
by grabiner
Thu Jul 30, 2015 10:21 pm
Forum: Investing - Help with Personal Investments
Topic: Pre-Tax 401K or Roth IRA for Bonds
Replies: 6
Views: 441

Re: Pre-Tax 401K or Roth IRA for Bonds

bdpb wrote:
grabiner wrote:Therefore, given that your stock options in the 401(k) are better than your bond options, it's best to hold bonds in the 401(k).


I think you meant "it's best to hold stocks in the 401k".


Yes; corrected.
by grabiner
Thu Jul 30, 2015 10:12 pm
Forum: Personal Finance (Not Investing)
Topic: am i doing everything to minimize my AGI?
Replies: 19
Views: 2630

Re: am i doing everything to minimize my AGI?

i have know idea what this saver's credit is (the article you mention..overall very interesting..thanks) if you replicate this, bravo! but don't you pay capital gains You pay 0% capital gains taxes if your AGI + capital gains is less than $75,000...so you can can get a deduction for capital losses ...
by grabiner
Thu Jul 30, 2015 10:09 pm
Forum: Personal Finance (Not Investing)
Topic: Auto insurance rates are based on your credit score
Replies: 5
Views: 872

Re: Auto insurance rates are based on your credit score

As the clip indicates, your FICO score is just a starting point. Insurers cherry pick certain elements out of the FICO score and weight them differently according to their own proprietary formula. Therefore, your score from insurer to insurer may differ, and all will differ in some degree from your...
by grabiner
Thu Jul 30, 2015 10:02 pm
Forum: Personal Finance (Not Investing)
Topic: Which debt to work on next?
Replies: 22
Views: 1521

Re: Which debt to work on next?

I am looking for some opinions on which debt I should attack next. Before I even ask, I understand that this is low interest rate debt and that I am loosing money by not investing and paying it off. I feel I invest plenty as it is and am looking to semi retire in 6-8 years therefor being debt free ...
by grabiner
Thu Jul 30, 2015 9:55 pm
Forum: Personal Finance (Not Investing)
Topic: Auto collision with uninsured driver caused $5000 in damage. What to do?
Replies: 23
Views: 2097

Re: Auto collision with uninsured driver caused $5000 in damage. What to do?

Since you filed a claim where your insurance had to pay out, your rates will probably go up for a few years. Check the rating information in your policy. Since you were rear-ended, most insurers will not consider this an at-fault accident, even if your own insurer has to pay because it cannot colle...
by grabiner
Thu Jul 30, 2015 9:12 pm
Forum: Investing - Theory, News & General
Topic: Don't have to be a market timer to think this is worrisomeh
Replies: 1
Views: 701

Re: Don't have to be a market timer to think this is worrisomeh

The key is behind the headline. Six stocks account for more than half the value added to the Nasdaq index this year, and more than all the value added to the S&P 500 index. But the S&P 500 is up only 1% for the year; six stocks making up 10% of the index could account for more than all the g...
by grabiner
Thu Jul 30, 2015 8:59 pm
Forum: Investing - Theory, News & General
Topic: Another ex-dividend question: transferring shares
Replies: 12
Views: 672

Re: Another ex-dividend question: transferring shares

There might be an advantage for waiting to receive the dividend because of tax arbitrage. If you are in a 28% bracket and receive a $1000 dividend, you pay $150 in tax. But if you then donate that $1000 dividend (possibly reinvested) to a charity, you save $280 in tax, so you have a net savings of $...
by grabiner
Thu Jul 30, 2015 8:54 pm
Forum: Investing - Help with Personal Investments
Topic: Please Help Me Identify 5 Reasons To Get Mother-In-Law Out of A Variable Annuity
Replies: 11
Views: 1015

Re: Please Help Me Identify 5 Reasons To Get Mother-In-Law Out of A Variable Annuity

Surrender fee is 6% and she has 4 more years until it is 0%. http://s22.postimg.org/wugrs51m9/surrender.jpg The extra fees for holding funds in the variable annuity are 2.7%; this isn't quite a total loss because of the Guarantee of Principal death benefit, but since the annuity has increased in va...
by grabiner
Thu Jul 30, 2015 8:47 pm
Forum: Investing - Help with Personal Investments
Topic: Tax efficient bonds & other allocation questions
Replies: 5
Views: 563

Re: Tax efficient bonds & other allocation questions

Do you have a TIPS fund available in the HSAs? CA taxes HSAs as ordinary investments, so holding a TIPS fund will save you the state tax. If there is no good TIPS fund or you don't want to hold one, a stock index fund is tax-efficient.
by grabiner
Thu Jul 30, 2015 8:46 pm
Forum: Investing - Help with Personal Investments
Topic: Total Bond or Total Stock, which to ROTH?
Replies: 6
Views: 693

Re: Total Bond or Total Stock, which to ROTH?

After adjusting for the after-tax value, there is no direct advantage to having stocks or bonds in the Roth. However, there are minor advantages for having stocks in the Roth and bonds in the 401(k); there is the risk that tax rates will change, or that a booming stock market will require you to tak...
by grabiner
Thu Jul 30, 2015 8:41 pm
Forum: Investing - Help with Personal Investments
Topic: HSA Asset Allocation
Replies: 8
Views: 544

Re: HSA Asset Allocation

It really depends on how you are using your HSA. If you max out your retirement accounts, it is better to keep the HSA invested and pay medical expenses out of pocket; in that case, you can invest the whole HSA as if it were an extension of your IRA. If you are using the HSA for current expenses, on...
by grabiner
Thu Jul 30, 2015 8:38 pm
Forum: Investing - Help with Personal Investments
Topic: Pre-Tax 401K or Roth IRA for Bonds
Replies: 6
Views: 441

Re: Pre-Tax 401K or Roth IRA for Bonds

If you adjust for the fact that the IRS owns 25% of your 401(k), there is no longer any tax advantage to holding bonds there. If you put $4000 in bonds in the 401(k) and $3000 in stocks in the Roth IRA, or vice versa, you will have the same amount after tax. If you don't make this adjustment, then $...
by grabiner
Thu Jul 30, 2015 8:34 pm
Forum: Investing - Help with Personal Investments
Topic: Aggressive TSP Portfolio
Replies: 3
Views: 497

Re: Aggressive TSP Portfolio

You might as well just use the G fund for your bond allocation; the F fund adds risk for little benefit. With $103K in the TSP, you must have been investing for a while. Did you start before or after 2008? If you started before 2008, you know your risk tolerance in a bear market, and your portfolio ...
by grabiner
Thu Jul 30, 2015 8:30 pm
Forum: Investing - Help with Personal Investments
Topic: Need advice please on high tax bracket, high taxable portfolio structure!
Replies: 13
Views: 1081

Re: Need advice please on high tax bracket, high taxable portfolio structure!

There is no low-cost CO muni fund, so unless you buy individual CA bonds, you will need to pay CO state tax on your munis; Intermediate-Term Tax-Exempt makes sense. In your very high tax bracket, Vanguard's US tax-managed funds make some sense (but don't sell for a capital gain to switch); see Tax-m...
by grabiner
Tue Jul 28, 2015 10:40 pm
Forum: Personal Finance (Not Investing)
Topic: New Car - Cash or Finance?
Replies: 32
Views: 2336

Re: New Car - Cash or Finance?

We've paid cash for the last 2 personal cars. It's a great feeling to write a check, leave with the car and have no further financial obligation. The last time I did this a rather snide finance manager told me it was a dumb move to pay cash because if I happened to total it insurance wouldn't cover...
by grabiner
Tue Jul 28, 2015 10:20 pm
Forum: Investing - Theory, News & General
Topic: Audit over backdoor Roth
Replies: 9
Views: 1421

Re: Audit over backdoor Roth

The IRS could easily identify probable backdoor Roths and audit everyone who did them, because the details are all on Form 8606. If you had no IRA last year, contributed $5500 to a non-deductible IRA, and converted $5500 (or $5400 or $5600), you almost certainly did a backdoor Roth. The fact that th...
by grabiner
Tue Jul 28, 2015 10:05 pm
Forum: Investing - Help with Personal Investments
Topic: Taxable income computation by Vanguard
Replies: 25
Views: 1153

Re: Taxable income computation by Vanguard

4. Should I be careful not to sell before the end of a quarter (end of September) or end of the year (end of December)? This doesn't matter. If you sell after a dividend, you will receive the dividend but the fund value will decrease by an equal amount. Since the dividend is probably 100% qualified...
by grabiner
Tue Jul 28, 2015 9:03 pm
Forum: Investing - Help with Personal Investments
Topic: TIRA & ROTH IRA---which funds where?
Replies: 2
Views: 243

Re: TIRA & ROTH IRA---which funds where?

If you adjust for the fact that the IRS owns part of your traditional IRA and none of your Roth IRA, it doesn't matter much what goes in which account. If you are in a 15% bracket, $8500 in a Roth IRA and $10,000 in a Traditional IRA will give you the same after-tax value if you invest them the same...
by grabiner
Tue Jul 28, 2015 8:57 pm
Forum: Investing - Help with Personal Investments
Topic: Fund Placement help
Replies: 4
Views: 314

Re: Fund Placement help

I wouldn't recommend having more than half your bonds in NY. You might have half in a NY muni fund, and half in a bond fund in your IRA. Alternatively, you could have half in NY Long-Term Tax-Exempt, and half in Limited-Term Tax-Exempt; only half your bonds would be in NY, but far more than half you...
by grabiner
Tue Jul 28, 2015 12:10 am
Forum: Investing - Theory, News & General
Topic: Vanguard's Developed & Emerging Markets Indexes — Transition Details
Replies: 50
Views: 3839

Re: Vanguard's Developed & Emerging Markets Indexes — Transition Details

It annoys me slightly. I also wondered why everyone is blaming VG for the changes. It seems to me that this was the FTSE Index Co.'s decision, not VG's?, though I don't really know. Just makes business sense to me, though VG may have high influence. It is Vanguard's decision. FTSE maintains both la...
by grabiner
Mon Jul 27, 2015 11:22 pm
Forum: Personal Finance (Not Investing)
Topic: AGI Reductions and longterm tax minimization ideas
Replies: 2
Views: 409

Re: AGI Reductions and longterm tax minimization ideas

The next way to minimize tax exposure is to use tax-efficient investments. If your taxable investments are in stock index funds, you will only pay taxes on the dividends until you sell, and those dividends will be mostly qualified and taxed at 15%. If your taxable investments are in municipal bond f...
by grabiner
Mon Jul 27, 2015 11:16 pm
Forum: Personal Finance (Not Investing)
Topic: Would umbrella insurance cover this?
Replies: 3
Views: 770

Re: Would umbrella insurance cover this?

This is exactly what umbrella insurance is designed to cover; it covers your liability when you are at fault, just as ordinary liability does. It may also cover liability for things which are not in the underlying insurance policies, although exactly what it covers varies somewhat by policies. Even ...
by grabiner
Mon Jul 27, 2015 11:06 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's Developed & Emerging Markets Indexes — Transition Details
Replies: 50
Views: 3839

Re: Vanguard's Developed & Emerging Markets Indexes — Transition Details

Also of interest is this wording from Vanguard, regarding capital gains Vanguard doesn't expect the transitions to result in capital gains distributions to the funds' shareholders, according to analysis based on the expected trading activity and the funds' current realized and unrealized capital ga...
by grabiner
Mon Jul 27, 2015 11:01 pm
Forum: Investing - Help with Personal Investments
Topic: HSA investing
Replies: 2
Views: 377

Re: HSA investing

Since you are using the HSA to cover healthcare costs in retirement, it makes sense to invest the HSA as if it were part of your IRA. Thus, if Vanguard Total Stock Market would be an appropriate investment for your IRA (likely, unless you need to hold US stocks in your 401(k)), you can hold it in yo...
by grabiner
Sun Jul 26, 2015 11:02 pm
Forum: Investing - Help with Personal Investments
Topic: Yearly Check-Up
Replies: 9
Views: 1504

Re: Yearly Check-Up

Just some overall comments/questions regarding tax efficiency; Is VTIAX throwing off non-qualified dividends (given the foreign component)? If so, it might be better held in an IRA. But you should consider carefully before taking a capital gains to move it. VTIAX (Total International) has some non-...
by grabiner
Sun Jul 26, 2015 9:31 pm
Forum: Investing - Help with Personal Investments
Topic: Hourly W2 - Any Retirement Options?
Replies: 10
Views: 833

Re: Hourly W2 - Any Retirement Options?

With beneficial capital gains taxation rules it is not impossible for a taxable investment account to provide better (lower) tax results then a tax-advantaged investment account like a 401k or IRA. This is impossible for a Roth IRA, since a Roth IRA grows tax-free, and a taxable investment cannot g...
by grabiner
Sun Jul 26, 2015 6:34 pm
Forum: Personal Finance (Not Investing)
Topic: Protection against stock correctiom
Replies: 25
Views: 2468

Re: Protection against stock correctiom

For the sake of argument, let us say that it is just a matter of time before a correction (i.e., at least 10%). Has anyone done research on the type of stocks that would provide highest protection relative to the total market? High quality, minimum volatility? Low beta. Beta is a measure of correla...
by grabiner
Sun Jul 26, 2015 6:15 pm
Forum: Personal Consumer Issues
Topic: OPM breach and credit freeze
Replies: 194
Views: 17057

Re: CSID website from US govt for having - credit monitoring

This is a legitimate service. CSID is the contractor providing identity-theft coverage for people affected by the first OPM hack.

If you are still working for the government, your own agency may be able to give you more advice on what to do.
by grabiner
Sun Jul 26, 2015 6:12 pm
Forum: Investing - Help with Personal Investments
Topic: Hourly W2 - Any Retirement Options?
Replies: 10
Views: 833

Re: Hourly W2 - Any Retirement Options?

I might take a position that provides no retirement benefits (or any other benefits) but is technically paid hourly via W2 (not 1099 as I'm used to). Is there any retirement options available - apart from a Roth IRA? Since you have no retirement benefits, you can contribute to a Traditional IRA reg...
by grabiner
Sun Jul 26, 2015 6:07 pm
Forum: Investing - Theory, News & General
Topic: Would Demand For Bonds Temper the Drop in NAV
Replies: 13
Views: 789

Re: Would Demand For Bonds Temper the Drop in NAV

If rates rise and, subsequently, the bond funds 'nav' drops in proportion to average duration of the bond fund, is it possible that the magnitude of the drop will be tempered by the public demand for better yielding bond funds? In other words, if there is a rush to buy the bond funds once the yield...
by grabiner
Sun Jul 26, 2015 5:54 pm
Forum: Investing - Help with Personal Investments
Topic: Realizing capital gains towards a shorter-term goal
Replies: 12
Views: 611

Re: Realizing capital gains towards a shorter-term goal

It looks like my choices are short-term savings (either the limited-term federal fund we discussed earlier or a MM/savings account/appropriate-term CD, and accepting that this is a lower effective return rate than my current mortgage, although in exchange I gain some liquidity) or paying down the m...
by grabiner
Sun Jul 26, 2015 5:52 pm
Forum: Investing - Help with Personal Investments
Topic: Hourly W2 - Any Retirement Options?
Replies: 10
Views: 833

Re: Hourly W2 - Any Retirement Options?

I might take a position that provides no retirement benefits (or any other benefits) but is technically paid hourly via W2 (not 1099 as I'm used to). Is there any retirement options available - apart from a Roth IRA? Since you have no retirement benefits, you can contribute to a Traditional IRA reg...
by grabiner
Sun Jul 26, 2015 5:49 pm
Forum: Investing - Help with Personal Investments
Topic: New job - which TSP funds to select?
Replies: 4
Views: 603

Re: New job - which TSP funds to select?

Since you have a large taxable account, you will have to manage your asset allocation on your own even if you use an L fund in the TSP. Therefore, it makes sense to use the individual funds in the TSP to get your desired allocation. I know that investing in the G Fund is a good idea b/c of no risk i...
by grabiner
Sun Jul 26, 2015 5:29 pm
Forum: Investing - Help with Personal Investments
Topic: Harvest Savings Bonds or Proceed to Tax-deferred
Replies: 4
Views: 349

Re: Harvest Savings Bonds or Proceed to Tax-deferred

If the savings bonds are paying well above the market rate (I Bonds paying higher rates than TIPS, EE Bonds paying higher rates than current Treasuries), you should probably keep them. Interest on the savings bonds is also tax-deferred, so it makes more sense to sell bonds in your IRA paying the mar...
by grabiner
Sun Jul 26, 2015 5:24 pm
Forum: Investing - Help with Personal Investments
Topic: Investing the proceeds from the sale of your home
Replies: 8
Views: 868

Re: Investing the proceeds from the sale of your home

1. Tax Managed Balanced funds are designed to avoid regular Fed tax only right? Do they avoid AMT, because we are hit with AMT every year? I had "tax advantaged bond funds" in the past, but they were always hit with AMT. The muni portion avoids Federal taxes - but I don't know if they cur...
by grabiner
Sun Jul 26, 2015 5:19 pm
Forum: Investing - Help with Personal Investments
Topic: Realizing capital gains towards a shorter-term goal
Replies: 12
Views: 611

Re: Realizing capital gains towards a shorter-term goal

Can I get you to clarify something for me? Your bond holdings should not have a significantly longer duration than your time horizon; if rates rise, you will lose money and not have time to make it up from the higher yields. Thus, while CA Intermediate-Term Tax-Exempt is a good fund for a CA invest...
by grabiner
Sun Jul 26, 2015 5:04 pm
Forum: Investing - Help with Personal Investments
Topic: Blue chip or index Funds? Well, would ya Punk?
Replies: 20
Views: 2278

Re: Blue chip or index Funds? Well, would ya Punk?

I am hoping to achieve 6% p.a long term across the funds & stocks and eventually draw 4% pa off of them. Would you say that 6% pa would be a reasonable expectation going on your own experiences? 6% is a reasonable expected value, but you can't count on an expected value, because it falls short ...
by grabiner
Sun Jul 26, 2015 4:55 pm
Forum: Investing - Help with Personal Investments
Topic: Proportions large/mid/small cap and value v.s. growth
Replies: 4
Views: 406

Re: Proportions large/mid/small cap and value v.s. growth

I agree with David, and would like to add that Vanguard's Portfolio Watch tool, by my direct experience, doesn't even correctly classify the holdings of all of Vanguard's own mutual funds. If you want to know your actual allocation, use Morningstar's Portfolio X-Ray instead. Vanguard categorizes mo...
by grabiner
Sat Jul 25, 2015 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Line of Credit
Replies: 5
Views: 947

Re: Personal Line of Credit

A line of credit is just a term for an open credit account. If you open it, then it will be reported on the credit report according to whatever type of loan it is, with an inquiry to open it, and a current balance, date opened, amount owed, and payment history which affect your credit history accord...
by grabiner
Sat Jul 25, 2015 4:04 pm
Forum: Investing - Theory, News & General
Topic: "Total" Stock No More So than "Total" Bond
Replies: 52
Views: 3808

Re: "Total" Stock No More So than "Total" Bond

Wasn't the Tax Managed Large Cap also merged with something, maybe into the S&P 500 index fund? I don't remember the details, since I don't own either fund. Tax-Managed Growth and Income was merged into 500 index. With the development of ETFs, the S&P 500 index was already just as tax-effic...
by grabiner
Sat Jul 25, 2015 4:00 pm
Forum: Investing - Help with Personal Investments
Topic: NY 529 tax deductability for NY resident who works in NJ
Replies: 3
Views: 272

Re: NY 529 tax deductability for NY resident who works in NJ

You will probably benefit from the NY 529, and get close to the full benefit. The way taxes work in your situation is that you pay NJ tax on all the income you earned in NJ, then compute your NY tax, and take a NY tax credit equal to the lesser of the tax you actually paid to NJ on income taxed by b...
by grabiner
Sat Jul 25, 2015 3:47 pm
Forum: Investing - Help with Personal Investments
Topic: Proportions large/mid/small cap and value v.s. growth
Replies: 4
Views: 406

Re: Proportions large/mid/small cap and value v.s. growth

I did the VG portfolio analysis and it stated: "Caution: The proportions of large-, mid-, and small-capitalization stocks in your portfolio differ from those of the market. This puts your portfolio at risk of underperforming the market. " "Caution: Your portfolio emphasizes value sto...

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