Search found 6926 matches

Return to advanced search

Re: Eliminate small MF lots?

denovo wrote:Get rid of them, that's chump change. And never reinvest dividends in taxable accounts, creates a PITA for recordkeeping. Direct dividends to cash and use them to rebalance.

Not a big deal to me. Eventually these are easily handled by donating to charity.
by letsgobobby
Tue Sep 02, 2014 3:23 am
 
Forum: Investing - Help with Personal Investments
Topic: Eliminate small MF lots?
Replies: 13
Views: 721

Re: How to become a millionaire retiree -- then and now

My concern is inflation adjusted $1 million or not vs salary numbers. What are the inflation adjusted $1 million for each of the years? What inflation measurement are they using? Purchasing power of $1 million is quite different in 1972 vs 2001 vs 1984 vs today. Are we looking at more than $5 milli...
by letsgobobby
Mon Sep 01, 2014 1:30 pm
 
Forum: Investing - Theory, News & General
Topic: How to become a millionaire retiree -- then and now
Replies: 61
Views: 6910

Re: refinance to max out Fidelity 403(b)?

The cons are high on doing this refinance. Not a refinance. You have just over 10 years remaining. have you shopped around for a shorter term loan? One with no origination fee and a lower interest rate? Even a 5/1 or 7/1 ARM? What about refinancing to a 30 year loan and using the savings to up your ...
by letsgobobby
Sun Aug 31, 2014 6:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: refinance to max out Fidelity 403(b)?
Replies: 9
Views: 390

Re: How much does your home *really* cost?

If the $1200/month you mention is in a desirable city, you might be able to home-exchange or rent it out on airbnb or vrbo type sites too. Good point. It seems owning a small but well-kept home in a desirable part of the country could pay dividends, even if you rarely use it yourself. Of course the...
by letsgobobby
Sun Aug 31, 2014 3:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much does your home *really* cost?
Replies: 11
Views: 1929

Re: How to become a millionaire retiree -- then and now

To become a millionaire (in inflation-adjusted dollars) by investing in the U.S. stock market over a 30-year working career, you could have done so by investing $200/month ($2400/yr.) in inflation-adjusted dollars beginning in the years 1972-1978 (ending 2001-2007). According to the Census Bureau t...
by letsgobobby
Sun Aug 31, 2014 2:42 pm
 
Forum: Investing - Theory, News & General
Topic: How to become a millionaire retiree -- then and now
Replies: 61
Views: 6910

Re: The Power of Zero: Controversial New Book About Taxes

Right if you only have 8 years of no income (63-71) and can only convert up to $20k per year at no taxes, that's an IRA of under $200k. More realistically a lot of Bogleheads will struggle to stay under the 15% bracket in those early retirement years, and have to make the difficult decision as to wh...
by letsgobobby
Sat Aug 30, 2014 7:39 pm
 
Forum: Investing - Theory, News & General
Topic: The Power of Zero: [Book and tax planning for retirement]
Replies: 51
Views: 4633

How much does your home *really* cost?

Reading in the NY Times today about 'retiree vagabonds': http://www.nytimes.com/2014/08/30/business/increasingly-retirees-dump-their-possessions-and-hit-the-road.html one of them says, "We simply traded the money we were spending for overhead on a house and garden in California for a life in mu...
by letsgobobby
Sat Aug 30, 2014 6:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much does your home *really* cost?
Replies: 11
Views: 1929

Re: Trip to the Caribbean - Suggestions

DW and I enjoy visiting via a Princess cruise. We're doing a 14 day cruise this winter to Aruba, Curacao, Grenada, Barbados, St Lucia, St John/Antigua, Basseterre/St Kitts, St Maarten. In each port we have a full 8-10 hours. We get to see a bunch of islands and the price is really surprisingly affo...
by letsgobobby
Sat Aug 30, 2014 5:20 pm
 
Forum: Personal Consumer Issues
Topic: Trip to the Caribbean - Suggestions
Replies: 38
Views: 2139

Re: Royal Caribbean Cruises Shareholder Benifit

old thread. Anyone recently take advantage of this? For the length cruise we are taking and the 2 cabins, we will reportedly earn up to $500 of on board credit for owning 200 sh of RCCL when we sail. The price would be ~$12k but assuming no ability to predict the future, I should not fear making thi...
by letsgobobby
Sat Aug 30, 2014 1:58 am
 
Forum: Investing - Help with Personal Investments
Topic: Royal Caribbean Cruises Shareholder Benifit
Replies: 18
Views: 2488

Re: Anyone used Vanguard Flagship Services With Portfolio $1

I've 'asked a cfp' a few times and gotten reasonable but not earth-shattering responses. I think piddling Voyager Selects qualify for that. Not interested in closed mutual funds, only interested in broad index funds so that benefit is of no value to me. As far as I've discovered, Flagship offers som...
by letsgobobby
Sat Aug 30, 2014 1:54 am
 
Forum: Investing - Help with Personal Investments
Topic: Anyone used Vanguard Flagship Services With Portfolio $1M+
Replies: 41
Views: 4237

Re: 3MM Casino Jackpot

how sure are you the payer would still be there 20 years on? Always have to account for that non-zero risk in the equation. In the example you gave, I'd strongly recommend the annuity. That's based purely on unfair judgments about a mid 40s person living on $30k/yr in disability. That is, he'd be le...
by letsgobobby
Fri Aug 29, 2014 3:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: 3MM Casino Jackpot
Replies: 10
Views: 1745

Re: The Power of Zero: Controversial New Book About Taxes

Sure, if my tax rate is 100% in retirement then perhaps this shill, er, author's recommendation will have been proven correct. For now I will choose 0.05% ERs and a taxable investment over 1.5% ERs in life insurance at this time, thank you very much. Fortunately there are intermediate options. 529s ...
by letsgobobby
Fri Aug 29, 2014 3:01 pm
 
Forum: Investing - Theory, News & General
Topic: The Power of Zero: [Book and tax planning for retirement]
Replies: 51
Views: 4633

Re: Poll: How many own zero/few stocks?

I own lots of stocks, all in index funds.
by letsgobobby
Fri Aug 29, 2014 2:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: [Sell off individual stocks?] How many own zero/few stocks?
Replies: 68
Views: 2683

Re: How low can Vanguard Fees Go?

If I understand Vanguard's Expense Ratio reporting correctly, they neither raise nor lower fees, not to compete with anybody, and not for any other reasons. Vanguard reports expense ratios on a backward-looking basis. It's telling us what it did spend, not what it's going to spend. If spending goes...
by letsgobobby
Fri Aug 29, 2014 2:56 pm
 
Forum: Investing - Theory, News & General
Topic: How low can Vanguard Fees Go?
Replies: 32
Views: 2180

Re: pay health bill from HSA or from checking?

If you were planning to leave assets to a charitable beneficiary anyway, as well as assets to an heir, then you'd be better off (tax-wise) to designate an HSA account to the charity than an equal amount in a taxable account and designate the amount in the taxable account to your heir. That's good a...
by letsgobobby
Fri Aug 29, 2014 1:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: pay health bill from HSA or from checking?
Replies: 70
Views: 3779

Re: milestones, skepticism, wealth creation. A thought

Your ratio of ordinary dividends to taxable interest is 4800? Well, hello Daddy Warbucks! Warren, you should have told us you post on this board. Can I get a free sundae from DQ now? :D I have several well-off family members, they make a substantial amount of as you call it "9a" each year...
by letsgobobby
Fri Aug 29, 2014 1:51 pm
 
Forum: Investing - Theory, News & General
Topic: milestones, skepticism, wealth creation. A thought
Replies: 15
Views: 1670

Re: milestones, skepticism, wealth creation. A thought

John - I had accounted for my inheritance but I clarified my thread to make it clearer that should be included in a calculation. livesoft - I edited my post to show that you were the 'someone' asking about inflation in the earlier thread. My ratio has the advantage of being somewhat comparable acros...
by letsgobobby
Fri Aug 29, 2014 12:37 pm
 
Forum: Investing - Theory, News & General
Topic: milestones, skepticism, wealth creation. A thought
Replies: 15
Views: 1670

Re: pay health bill from HSA or from checking?

Letsgobobby, I certainly agree maximizing HSA's is a good thing, and it seems that you are agreeing that the wiser choice is to pay your expenses from the HSA rather than drag it out for 20 years. I seem to be missing something on the FICA tax issue. Are you saying that whether they pay the bill fr...
by letsgobobby
Fri Aug 29, 2014 3:20 am
 
Forum: Personal Finance (Not Investing)
Topic: pay health bill from HSA or from checking?
Replies: 70
Views: 3779

milestones, skepticism, wealth creation. A thought

Interesting recent thread on a milestone reached and a few skeptic responses: http://www.bogleheads.org/forum/viewtopic.php?f=2&t=145652 At the heart of the skepticism seems to be, how is it possible? I did all those things and you are (ahead of, behind) me. Then someone will say it's hard to re...
by letsgobobby
Fri Aug 29, 2014 3:11 am
 
Forum: Investing - Theory, News & General
Topic: milestones, skepticism, wealth creation. A thought
Replies: 15
Views: 1670

Re: My husband's " WILL", $ left for me to live on....

How much of that $7 million net worth accrued after you were married 11 years ago? What state do you live in? Is there a prenuptial agreement? His net worth is created before our marriage. Mine(house and $100000) is created by me before the marriage also. can't be the whole story. What is happening...
by letsgobobby
Thu Aug 28, 2014 3:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: My husband's " WILL", $ left for me to live on....
Replies: 258
Views: 16982

Re: My husband's " WILL", $ left for me to live on....

How much of that $7 million net worth accrued after you were married 11 years ago? What state do you live in? Is there a prenuptial agreement?
by letsgobobby
Thu Aug 28, 2014 1:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: My husband's " WILL", $ left for me to live on....
Replies: 258
Views: 16982

Re: New vehicle...GMC Acadia, Chevy Traverse, or Buick Encla

Letsgobobby, I can't tell you if that is a normal amount to be expected for wear and tear. I just know that as vehicles get older, we will see an increase in the amount of repairs that need to get done; repair costs will be go up. But, the saying goes, it's still cheaper to drive an older car that ...
by letsgobobby
Thu Aug 28, 2014 11:52 am
 
Forum: Personal Consumer Issues
Topic: New vehicle...GMC Acadia, Chevy Traverse, or Buick Enclave?
Replies: 111
Views: 9395

Re: Hit a financial milestone at an age milestone

The most expensive part of living in NorCal is housing and their house cost $250k. So their cost of living is not actually that high.
by letsgobobby
Thu Aug 28, 2014 2:38 am
 
Forum: Personal Finance (Not Investing)
Topic: Hit a financial milestone at an age milestone
Replies: 50
Views: 4906

Re: pay health bill from HSA or from checking?

yes, the HSA is most clearly advantageous for married couples while for singles the risks are higher, enough so that I agree delaying withdrawals beyond the current year is not necessarily wise. However I disagree that HSAs aren't valuable for lower income taxpayers. While LTCG are 0% for those taxe...
by letsgobobby
Thu Aug 28, 2014 1:05 am
 
Forum: Personal Finance (Not Investing)
Topic: pay health bill from HSA or from checking?
Replies: 70
Views: 3779

Re: Hit a financial milestone at an age milestone

I was scratching my head at first, but after the OP's long clarifying post, it all adds up just fine for me. I guessed there was a real estate factor and he confirmed that. By his own admission he got lucky on that one and has realized the potential of significant gains...but to really capture that...
by letsgobobby
Thu Aug 28, 2014 12:55 am
 
Forum: Personal Finance (Not Investing)
Topic: Hit a financial milestone at an age milestone
Replies: 50
Views: 4906

Re: Hit a financial milestone at an age milestone

These threads always generate a predominance of congratulatory responses and a few skeptics. It just goes to show you that it's not how much you make, it's how much you spend: if you make $200k per year and spend $75k you'll simply be much further ahead than if you make $200k and spend $125k. Congra...
by letsgobobby
Wed Aug 27, 2014 10:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Hit a financial milestone at an age milestone
Replies: 50
Views: 4906

Re: New vehicle...GMC Acadia, Chevy Traverse, or Buick Encla

My 120k mile 2006 RAV4 just had a brake booster go out. $1200 to repair. It previously had a steering shaft go out; $600. My 2012 Prius had the steering shaft go out 3 times (under warranty) but now seems to have a permanent fix. Is this the normal amount of wear and tear to be expected from vehicle...
by letsgobobby
Wed Aug 27, 2014 2:04 pm
 
Forum: Personal Consumer Issues
Topic: New vehicle...GMC Acadia, Chevy Traverse, or Buick Enclave?
Replies: 111
Views: 9395

Re: New vehicle...GMC Acadia, Chevy Traverse, or Buick Encla

Rumors are that it will become a jeep grand wagoneer.
by letsgobobby
Tue Aug 26, 2014 11:15 pm
 
Forum: Personal Consumer Issues
Topic: New vehicle...GMC Acadia, Chevy Traverse, or Buick Enclave?
Replies: 111
Views: 9395

Re: pay health bill from HSA or from checking?

I personally vote for paying from HSA. I really wouldn't want to store receipts for 20+ years. It's not just the receipts - the way I read the IRS pubs, you would open yourself up to 20 years of audits, so you need all receipts, because you have to be able to show that you have not deducted this ex...
by letsgobobby
Tue Aug 26, 2014 4:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: pay health bill from HSA or from checking?
Replies: 70
Views: 3779

Re: Fidelity Charitable Fund Questions

Another user of Fido's DAF here. It's been pointed out, and worth remembering, that you pay 0.6% in addition to underlying fund costs on these accounts. So not a good idea to store money there long term. If you are also a Fido brokerage customer they will sometimes waive this fee. I haven't figured...
by letsgobobby
Tue Aug 26, 2014 12:32 am
 
Forum: Investing - Help with Personal Investments
Topic: Fidelity Charitable Fund Questions
Replies: 31
Views: 1601

Re: Have I put too much into the 529 plan?

Could you explain how you have the option to withdraw the contribution amount(s) and just let the interest compounded over time remain in the 529--and NOT incur a penalty? I have done reading about the Utah 529 which we are opening for a grandson and couple of other 529s and saw nothing about that ...
by letsgobobby
Mon Aug 25, 2014 3:28 pm
 
Forum: Investing - Theory, News & General
Topic: Have I put too much into the 529 plan?
Replies: 39
Views: 6874

Re: Earthquake Preparedness

I think a $1.8 million loss will be a much bigger killer when it comes. People are just gambling I think but it wouldn't be kosher per forum policy to say what they might be gambling on.
by letsgobobby
Mon Aug 25, 2014 9:57 am
 
Forum: Personal Consumer Issues
Topic: Earthquake Preparedness
Replies: 39
Views: 2002

Re: Earthquake Preparedness

I live in Washington and have earthquake insurance. I'm impressed. Is this common in the Pacific Northwest? It boggles my mind that so many Californians don't have it, but I guess it is much more expensive there? Yes, very uneconomical. How uneconomical? My policy has (I think) a 30% deductible: it...
by letsgobobby
Mon Aug 25, 2014 2:48 am
 
Forum: Personal Consumer Issues
Topic: Earthquake Preparedness
Replies: 39
Views: 2002

Re: Earthquake Preparedness

I live in Washington and have earthquake insurance. It boggles my mind that so many Californians don't have it, but I guess it is much more expensive there? And I guess they know something I don't, as far as who will ultimately foot the bill for damages and repairs.
by letsgobobby
Mon Aug 25, 2014 12:11 am
 
Forum: Personal Consumer Issues
Topic: Earthquake Preparedness
Replies: 39
Views: 2002

Re: Taking Advantage of Lower Tax Rates

It's basically a good plan. What will your tax rate be once RMDs begin? Also if there are plans to leave money to heirs or charity once you die, some of that money will never be taxed so converting even at 15% is too much.
by letsgobobby
Sun Aug 24, 2014 2:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Taking Advantage of Lower Tax Rates
Replies: 4
Views: 716

Re: Need some Boglehead advice ...

I could see one scenario in which you may have both S&P500 and Total Stock Market in the the same taxable account. This could materialize when there is a steep market decline and you would want to tax loss harvest but want to keep you overall asset allocation the same. In such a scenario, you m...
by letsgobobby
Sun Aug 24, 2014 1:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need some Boglehead advice ...
Replies: 14
Views: 1346

Re: Kitces - Think Twice about those Conversions

Kitces rational against Roth conversions include thoughts about future potential changes to the tax code, which he points out are not likely in any near time legislative action. Potential means of increasing income taxes are listed as follows. 1. Expand the tax base by taxing more types of income/t...
by letsgobobby
Sun Aug 24, 2014 10:17 am
 
Forum: Investing - Theory, News & General
Topic: Kitces - Think Twice about those Conversions
Replies: 15
Views: 2937

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

The principles of investing $50,000 and $50,000,000 aren't very different. In fact they're practically identical. Recommend keeping things simple, using all munis for your bonds and enough stocks so your investment beats inflation over the long term. Basically have some cash/CDs, some municipal bon...
by letsgobobby
Sat Aug 23, 2014 5:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: I need "Ultra High Net Worth" investing advice please
Replies: 215
Views: 15344

Re: Is it me, or are "collectibles" worthless in 2014?

And as a result of the above factors, while there are still markets for collectibles, the items in question fare better if they are complete sets and in pristine condition. For instance unopened pristine Star Wars action figures still have a decent market, whereas your childhood toy junked up with a...
by letsgobobby
Sat Aug 23, 2014 5:19 pm
 
Forum: Personal Consumer Issues
Topic: Is it me, or are "collectibles" worthless in 2014?
Replies: 79
Views: 6015

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

It is a pity you don't have AA miles. Off-peak (October 1 – April 30) to Japan is only 50k round trip. Diversify, diversify, diversify! As others have noted, miles are a currency and the savvier you are about the applicable exchange rates the more value you can extract. Given what you have written,...
by letsgobobby
Sat Aug 23, 2014 11:15 am
 
Forum: Personal Consumer Issues
Topic: Pay cash for flight on sale, or use FF mileage quandry
Replies: 29
Views: 1958

Re: Question about wiki, SS taxation

I can't believe how befuddling I find this whole concept. Let me get to the heart of the question I really want to ask: How much income other than SS income would one need to have before the 'taxability' of SS benefits maxes out? Add up other earned income, tax-exempt income, taxable investment inco...
by letsgobobby
Sat Aug 23, 2014 10:14 am
 
Forum: Personal Finance (Not Investing)
Topic: Question about wiki, SS taxation
Replies: 8
Views: 1059

Re: Rain Jacket Recommendations

In many years (two decades now) of serious hiking and backpacking, I have never found the 'perfect' waterproof breathable rain gear. I also have not been willing to pay upwards of $300 per piece so who knows what is out there in $750 suit range. Not my style regardless. The reality is if you are hik...
by letsgobobby
Sat Aug 23, 2014 12:13 am
 
Forum: Personal Consumer Issues
Topic: Rain Jacket Recommendations
Replies: 29
Views: 1732

Re: HELOC + Margin = $200k to play with

All on health care, obviously.
by letsgobobby
Fri Aug 22, 2014 10:27 am
 
Forum: Investing - Help with Personal Investments
Topic: HELOC + Margin = $200k to play with
Replies: 24
Views: 1762

Re: Vanguard Agent Authorization

Agent authorization isn't complete or adequate. I cannot view my wife's retirement accounts when I log into my Vanguard account. Not completely true at least in my case. I have requested a "family view" so when I log on I can see my IRA, wife's IRA, and joint taxable account. I can't make...
by letsgobobby
Thu Aug 21, 2014 2:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard Agent Authorization
Replies: 40
Views: 2605

Re: How to weather market downturn with a high chance of lay

...given the fact that during boom years we tend to have more money to invest, whereas in downturns we tend to have less (due to layoffs, less work for freelancer, etc.) In other words, in theory all the highs and lows will balance out. But in practice, we tend to invest more during highs and less ...
by letsgobobby
Thu Aug 21, 2014 9:55 am
 
Forum: Investing - Theory, News & General
Topic: How to weather market downturn with a high chance of layoff
Replies: 42
Views: 3185

Re: Vanguard Agent Authorization

Agent authorization isn't complete or adequate. I cannot view my wife's retirement accounts when I log into my Vanguard account. Similarly 529s can only have a single owner so not viewable from both accounts. Furthermore as others have written my wife has zero interest in managing her own investment...
by letsgobobby
Thu Aug 21, 2014 9:52 am
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard Agent Authorization
Replies: 40
Views: 2605

Re: Implementing Two-Factor Authentication for Fidelity Acco

The rep didn't say yes or no, he just sounded completely clueless. "Two what...?" Is there a department I should be talking to? Call Fidelity at: (800) 673-2938. This will take you directly to the right group. If you want to talk to your regular account executive use this phrase: "Sy...
by letsgobobby
Thu Aug 21, 2014 9:27 am
 
Forum: Personal Finance (Not Investing)
Topic: Implementing Two-Factor Authentication for Fidelity Accounts
Replies: 48
Views: 11327

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

We are fortunate to be able to fill up all our tax advantaged retirement space. As others have said I'd recommend filling that first in most cases. We view all our portfolios as one and so with a daughter who will very likely go to college the 529 is a way to expand our tax sheltered space. We can ...
by letsgobobby
Wed Aug 20, 2014 3:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much do you plan to save in your 529 plan?
Replies: 60
Views: 6805

Re: Roth questions from an MD

I had a chance this morning to read EmergDoc's link regarding very high income earners. His point, as I understand it, is that someone earning close to $1 million a year (give or take) for a lot of years is probably going to be in the 39.6% tax bracket in retirement anyway. If that is the case, he ...
by letsgobobby
Fri Aug 15, 2014 12:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Roth questions from an MD
Replies: 32
Views: 2918

Re: Is the goal in sight? Should I relax?

How much do you spend each year?
by letsgobobby
Thu Aug 14, 2014 5:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is the goal in sight? Should I relax?
Replies: 19
Views: 2324
Next

Return to advanced search