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Re: Turnover Expense impact on Expense Ratio

Thanks, dbr!
This is a revelation for me. But it reminds me of a quote:
“The more I learn, the more I realize how much I don't know.”
Albert Einstein
by teacher
Sun Dec 14, 2014 2:30 pm
 
Forum: Investing - Theory, News & General
Topic: Turnover Expense impact on Expense Ratio
Replies: 22
Views: 745

Re: Turnover Expense impact on Expense Ratio

TradingPlaces wrote: My opinions strictly: - expense ratio is what fund manager charges for administration and management, - if turnover is high, that should be reflected in the funds performance. A fund that trades more will make less returns. That is exactly what I thought before I found the comme...
by teacher
Sun Dec 14, 2014 2:02 pm
 
Forum: Investing - Theory, News & General
Topic: Turnover Expense impact on Expense Ratio
Replies: 22
Views: 745

Re: Turnover Expense impact on Expense Ratio

Oops. Thanks lazyday. I hesitate to ask for help finding links, so when someone supplies them, it's a gift. Vanguard wins. Here's why: The comparatively very low turnover rate at Vanguard (7% vs 32%) affects transaction costs and fund value as well. A fund’s turnover (trading activity, the buying an...
by teacher
Sun Dec 14, 2014 1:53 pm
 
Forum: Investing - Theory, News & General
Topic: Turnover Expense impact on Expense Ratio
Replies: 22
Views: 745

Re: Turnover Expense impact on Expense Ratio

retiredjg wrote: If you want to compare like to like, compare to the Fidelity Freedom INDEX Fund series....I would NOT use the Fidelity Freedom series - just a jumbled unintelligible mess with a high expense ratio. I probably would use the Fidelity Freedom Index Series... I'm so happy you caught tha...
by teacher
Sun Dec 14, 2014 12:44 pm
 
Forum: Investing - Theory, News & General
Topic: Turnover Expense impact on Expense Ratio
Replies: 22
Views: 745

Re: Turnover Expense impact on Expense Ratio

crefwatch wrote: First, you should make sure you are comparing "like" funds. Are the target dates, for example, the same? Do they have roughly the same balance of stocks and bonds? Vanguard Retirement 2030 Fund AA: 78.2 equities/24.06 fixed US Stock 53.50% Intl 21.65% Bonds 22.53% Cash 1.5...
by teacher
Sun Dec 14, 2014 12:31 pm
 
Forum: Investing - Theory, News & General
Topic: Turnover Expense impact on Expense Ratio
Replies: 22
Views: 745

Turnover Expense impact on Expense Ratio

While comparing target date 2030 funds for my son for his ROTH, I found the turnover ratio for the Vanguard fund is 7% while at Fidelity, it's 54%. I was wondering if a higher turnover ratio generates costs not reflected in a fund's expense ratio, so I found this on Investopedia: "A fund's trad...
by teacher
Sun Dec 14, 2014 10:48 am
 
Forum: Investing - Theory, News & General
Topic: Turnover Expense impact on Expense Ratio
Replies: 22
Views: 745

Re: Switch Intl Fund or Stay the Course?

Thank you for your definitive answer livesoft. Morningstar reports:
Vanguard Total World Stock Idx Inv has 50.82% US
Vanguard Tot Intl Stock Ix Admiral has .23% US
Vanguard FTSE All World ex-US Adm has .23% US
Apples and Oranges
So Laura and I agree, Stay the Course.
by teacher
Sun Nov 30, 2014 5:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: Switch Intl Fund or Stay the Course?
Replies: 3
Views: 494

Switch Intl Fund or Stay the Course?

I just read through the current thread, “ International Stock Diversification – A New Look ” in Investing-Theory, News & General https://www.bogleheads.org/forum/viewtopic.php?f=10&t=150504 It confirms what I had suspected, increasing globalization and the rise of multinationals companies an...
by teacher
Sun Nov 30, 2014 5:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Switch Intl Fund or Stay the Course?
Replies: 3
Views: 494

Re: How did you handle the 2008 bear market ?

I had been perusing this forum for some time before the crash. We had changed our Asset Allocation from 100% for 30 years of investing to 75% equities months before everything went south. We lost a chunk. I had this theory that if we hung on and did not touch anything, eventually, the market would r...
by teacher
Sat Nov 29, 2014 11:24 am
 
Forum: Investing - Theory, News & General
Topic: How did you handle the 2008 bear market ?
Replies: 79
Views: 6273

Re: Tax-Deductible Donations to the Forum?

Mel Lindauer wrote: And, if for any reason Alex and Larry tire of running the forum, The Bogle Center stands ready to incorporate the forum into The bogle Center's operations. This is a great relief to me. I have often wondered if there was a plan B should our generous forum providers become unable ...
by teacher
Sat Nov 29, 2014 9:29 am
 
Forum: Forum Issues and Administration
Topic: Tax-Deductible Donations to the Forum?
Replies: 31
Views: 5774

Click on Amazon link and support Bogleheads

[Thread merged into here, see below. --admin LadyGeek] I just did Christmas shopping for my family on Amazon. But first, I clicked the Amazon.com link in the heading above. May not be much, but it felt good supporting my favorite board on-line. I'm in the habit of NOT forgetting the opportunity to ...
by teacher
Fri Nov 28, 2014 11:11 am
 
Forum: Personal Consumer Issues
Topic: Shopping Amazon? Use the Boglehead link!
Replies: 6
Views: 1142

Re: TSM vs Small/Mid Cap fund

Since we have nearly 12% of our portfolio in managed funds, Vanguard Health Care and Capital Opportunity, I decided it is best to move the Small/Mid fund to TSM Index, and I pulled the plug today. Besides, Vanguard and Fidelity TSM Index, we have Vanguard Intl Index, Vanguard FTSE Index, Vanguard TI...
by teacher
Tue Nov 25, 2014 4:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: TSM vs Small/Mid Cap fund
Replies: 10
Views: 722

Re: TSM vs Small/Mid Cap fund

Good advice, Taylor. I'll pass that one on to my two fine sons. :happy
by teacher
Tue Nov 25, 2014 1:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: TSM vs Small/Mid Cap fund
Replies: 10
Views: 722

Re: TSM vs Small/Mid Cap fund

The reason I started my inquiry was a natural instinct to simplify the portfolio as we typically try to do when time marches on. To self: Keep it simple, stupid." I remember a time when small and mid caps did better than large, and that is probably why DH was advised to incorporate that fund in...
by teacher
Tue Nov 25, 2014 1:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: TSM vs Small/Mid Cap fund
Replies: 10
Views: 722

TSM vs Small/Mid Cap fund

We have nearly 8% of our entire portfolio in a Fidelity Small and Mid-Sized U.S. Stock Index Fund which is an institutional fund in DH’s 401k (YTD 7.32%). This fund has not done nearly as well as the Fidelity Total U.S. Stock Market Index Fund (YTD for TSM Index is 12.75%). This sort of disparity ha...
by teacher
Tue Nov 25, 2014 12:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: TSM vs Small/Mid Cap fund
Replies: 10
Views: 722

Re: Need dispensation to pay ROTH conversion taxes from tIRA

retiredjg wrote: teacher, you didn't say this, but what I gathered from your posting is that you will "ordinarily" be in the 25% bracket. You will drop in the 15% bracket for this year only, and that when RMD time comes, that will push you into the 28% bracket. If that is NOT the case, I'm...
by teacher
Tue Oct 14, 2014 11:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need dispensation to pay ROTH conversion taxes from tIRA
Replies: 25
Views: 836

Re: Need dispensation to pay ROTH conversion taxes from tIRA

JW wrote:
Are you going to be at an income that makes the full 85% of SS taxable income? If not then your RMDs will effectively get double taxed.

Yes, we will be. So there is a silver lining? I hadn't thought of that.
by teacher
Tue Oct 14, 2014 3:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need dispensation to pay ROTH conversion taxes from tIRA
Replies: 25
Views: 836

Re: Need dispensation to pay ROTH conversion taxes from tIRA

JW wrote: I think paying conversion tax out of the IRA money couldn't hurt as long as you are paying tax at a lower marginal rate than you would once your RMDs start. I am beginning to be more comfortable with the idea. My accountant will run the figures Thursday. I'm going to call Vanguard and see ...
by teacher
Tue Oct 14, 2014 2:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need dispensation to pay ROTH conversion taxes from tIRA
Replies: 25
Views: 836

Re: Need dispensation to pay ROTH conversion taxes from tIRA

JW Nearly Retired wrote:
Do not ever back away from your plan to delay SS and make that income stream as large as possible.

DH delayed SS until 67, but we think since I, a retired teacher, will not have survivor benefits, it is time to take SS.
by teacher
Tue Oct 14, 2014 2:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need dispensation to pay ROTH conversion taxes from tIRA
Replies: 25
Views: 836

Re: Need dispensation to pay ROTH conversion taxes from tIRA

Ged wrote: One thing to think about is that later in life your medical expenses may give you big deductions, letting you withdraw from tax deferred accounts with little or no taxation. Wow. I didn't know that. I bet it is based on income though, so probably would not apply. The RMD withdrawals will ...
by teacher
Tue Oct 14, 2014 2:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need dispensation to pay ROTH conversion taxes from tIRA
Replies: 25
Views: 836

Re: Need dispensation to pay ROTH conversion taxes from tIRA

musbane wrote: OK, you have run out of your (presumably taxable) mm fund.....What are you living on? I have a pension and DH will start SS this month. We haven't run out of money market funds. It's earmarked for tiding us over until DH takes SS this month and for long term expenses, including ROTH c...
by teacher
Tue Oct 14, 2014 2:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need dispensation to pay ROTH conversion taxes from tIRA
Replies: 25
Views: 836

Re: Need dispensation to pay ROTH conversion taxes from tIRA

jim wrote: But unless you have such a huge amount in your tax-deferred retirement plans that you'll be forced into a higher tax bracket when the RMDs start, I don't see much if any advantage in paying the taxes now. We started saving in tax-deferred accounts at Vanguard on a regular basis in our ear...
by teacher
Tue Oct 14, 2014 2:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need dispensation to pay ROTH conversion taxes from tIRA
Replies: 25
Views: 836

Re: Need dispensation to pay ROTH conversion taxes from tIRA

We would not have a tax penalty for early withdrawal since we are longer in the tooth than 59 1/2. Our goal is to put as much tax-deferred funds into the ROTH as possible before RMDs start in three years, so I don't want to use ROTH funds to pay taxes. Conventional wisdom is to not use tax-deferred ...
by teacher
Tue Oct 14, 2014 1:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need dispensation to pay ROTH conversion taxes from tIRA
Replies: 25
Views: 836

Need dispensation to pay ROTH conversion taxes from tIRA

We have been making ROTH conversions the last few years and paying taxes out of our money market fund. This past year, DH retired and delayed Social Security so we are in the 15% tax rate. This is the only year we will be able to make a big conversion and stay under our typical higher rate. Our mone...
by teacher
Tue Oct 14, 2014 11:16 am
 
Forum: Investing - Help with Personal Investments
Topic: Need dispensation to pay ROTH conversion taxes from tIRA
Replies: 25
Views: 836

Re: financial institution lowest exchange fees (GBP/USD)?

Absolutely amazing. I am thrilled having found Bogleheads years ago. Where else could you ask an obscure, or even mundane question about finances and investments and get multiple answers based on personal experience or expertise? I have plenty to research now, and I thank you all very much for your ...
by teacher
Mon Sep 22, 2014 10:13 am
 
Forum: Investing - Help with Personal Investments
Topic: financial institution lowest exchange fees (GBP/USD)?
Replies: 6
Views: 429

Re: financial institution lowest exchange fees (GBP/USD)?

Thanks for responding, livesoft. I'll look into Oanda.
by teacher
Sun Sep 21, 2014 9:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: financial institution lowest exchange fees (GBP/USD)?
Replies: 6
Views: 429

financial institution lowest exchange fees (GBP/USD)?

DH has an inheritance which is currently invested in an AVIVA bond fund in the UK. He wants to transfer the funds to our cash investment in our credit union, here, in California. Currently, the GBP/USD is $1.6297. Exchange fees vary among financial institutions. We are looking for a way to transfer ...
by teacher
Sun Sep 21, 2014 4:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: financial institution lowest exchange fees (GBP/USD)?
Replies: 6
Views: 429

Re: Roth Conversion Caution

Thanks, ddb
I hadn't thought of calculating a break even date. This new (to me) information, along with the possibility of ROTH law changes down the pike has me totally unsure whether further conversions are prudent. I am showing sings of analysis paralysis. :(
by teacher
Sun Sep 14, 2014 12:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion Caution
Replies: 9
Views: 1268

Re: John Bogle on the Rise of Index Funds

Thanks Trevor. Yahoo financial news videos are on a loop. Looks like it had rolled to the next story. :?
by teacher
Thu Sep 11, 2014 11:13 am
 
Forum: Investing - Theory, News & General
Topic: John Bogle on the Rise of Index Funds
Replies: 4
Views: 576

John Bogle on the Rise of Index Funds

"The founder of Vanguard explains why his invention is winning the battle for assets. Plus: The problem with ETFs, and why we need a transaction tax." Plus, Jack Bogle comments on what would happen if nearly everyone were to move away from actively managed investments and index instead. ht...
by teacher
Thu Sep 11, 2014 10:27 am
 
Forum: Investing - Theory, News & General
Topic: John Bogle on the Rise of Index Funds
Replies: 4
Views: 576

Re: AT&T Stable Value Fund

DH took the lump sum in January and rolled the entire amount into the AT&T Stable Value fund in his 401k. The Stable Value fund takes the place of our previously held Vanguard Total Bond Market Index Fund Admiral on the fixed side of our portfolio. Currently, it has a 1.64% daily yield and 2.39%...
by teacher
Tue Sep 09, 2014 3:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: AT&T Stable Value Fund
Replies: 7
Views: 841

Re: Who has more organic food Costco or Sam's?

The differences in availability of organic products in Costco may be regional. (I don't know about Sam's). When my sister from Tennessee visited our Costco, she was gobstruck over the amount of organic items in our California Costco.
by teacher
Mon Sep 08, 2014 12:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Who has more organic food Costco or Sam's?
Replies: 26
Views: 1560

Re: WSJ on leaving Roth IRA to heirs.. no so fast???

We intend to leave our Roth IRAs to our children. Apparently, possible new IRA rules are closer to reality than I thought. The first change would "require Roth owners to start taking distributions at age 70½." If that happens, there wouldn't be much left to heirs. The second change would p...
by teacher
Sun Sep 07, 2014 11:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: WSJ on leaving Roth IRA to heirs.. no so fast???
Replies: 11
Views: 1947

Re: POLL: What was the first stock you ever bought?

My father gave me my first stock, AT&T sometime in the '70s. It had many babies, causing complications, and in fact, stimulated my interest in index mutual funds. Thanks, Dad.
by teacher
Fri Sep 05, 2014 6:02 pm
 
Forum: Investing - Theory, News & General
Topic: POLL: What was the first stock you ever bought?
Replies: 74
Views: 3032

Re: Kaiser vs Blue Shield

EvelynM wrote:
I wish they would allow payment of premium online.

I would double check that. We pay our Kaiser premiums on line.
by teacher
Sun Aug 24, 2014 11:54 am
 
Forum: Personal Finance (Not Investing)
Topic: Kaiser vs Blue Shield
Replies: 83
Views: 6268

Re: Chase Freedom reward changes in 2016

BolderBoy wrote:
Capital One 1.5% unlimited cash back Visa card?

Thanks. I'll definitely look into it.
by teacher
Sun Aug 24, 2014 11:26 am
 
Forum: Personal Finance (Not Investing)
Topic: Chase Freedom reward changes in 2016
Replies: 25
Views: 4969

Re: Chase Freedom reward changes in 2016

LOL. kaneohe, I wish I had that kind of discipline and attention to minutia, but once those funds are co-mingled, it's all over. It's in the general pot. Nope, CHASE just lost themselves a dang good customer. I'm sure they will be devastated.
by teacher
Sat Aug 23, 2014 8:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Chase Freedom reward changes in 2016
Replies: 25
Views: 4969

Re: Chase Freedom reward changes in 2016

kaneohe wrote: Don't they allow you to take the reward as a statement credit? Isn't that as good as a paper check, maybe better, since you don't have to deal with the check? Probably quirky and old fashioned, but I like to accumulate cash kickbacks and spend it on the grand kids exclusively. If the ...
by teacher
Sat Aug 23, 2014 6:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Chase Freedom reward changes in 2016
Replies: 25
Views: 4969

Re: Kaiser vs Blue Shield

Paul wrote: I worry about the moral hazard of being both an insurance provider and the provider of medical services. The insurance side is all about cost-effective care for the group and being user-friendly. The medical side is one doctor making the best decision for the patient sitting on the exam...
by teacher
Sat Aug 23, 2014 2:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Kaiser vs Blue Shield
Replies: 83
Views: 6268

Re: Signing up for medicare Oct 1

tc101 Have you looked into Kaiser Permanente Advantage Plan? They cover the Atlanta area. https://healthy.kaiserpermanente.org/health/care/poc/!ut/p/a1/fZDBToNAEIafpQeOMEOpDXqDmhqoVWut4l7MQgfYFHfJdCXh7YXGmpioc5uZL9-fGRCQgdCyU5W0ymjZjL2Yvy3T7X0c-xFinM4wWUd3jxdpiog-pCCqxuQn9HXK68W6AtFKW7tKlway1hTjpra2...
by teacher
Sat Aug 23, 2014 12:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Signing up for medicare Oct 1
Replies: 34
Views: 3063

Re: Chase Freedom reward changes in 2016

"the discontinuation of paper checks"

No cash back is a deal breaker for me. I need my Nana money. When I was told CHASE would discontinue their rewards check, I put on my things to-do-to list to find another card to supplement my Am Ex (Costco) card. Ideas?
by teacher
Sat Aug 23, 2014 12:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Chase Freedom reward changes in 2016
Replies: 25
Views: 4969

Re: Purchasing long term care insurance for relative

SoCalGirl wrote: A question for the previous posters Longerprimer and teacher, why was Medicaid in home help or nursing homes not an option? Was a preference or your parents were not eligible? My mom was not eligible for Medi-Cal. Social Security and an $189 mo pension (for 30 years as an RN) put h...
by teacher
Sat Aug 23, 2014 10:50 am
 
Forum: Personal Finance (Not Investing)
Topic: Purchasing long term care insurance for relative
Replies: 15
Views: 1055

Re: Purchasing long term care insurance for relative

captaintaco wrote: I'm curious how you're getting the $250-$400 / day figure for nursing home care? Around here, assisted living facilities run $100 / day. With inflation in 20 years I can see them costing $200 / day. Are nursing homes more expensive? While my mother was in a nursing home for rehab,...
by teacher
Sat Aug 23, 2014 8:40 am
 
Forum: Personal Finance (Not Investing)
Topic: Purchasing long term care insurance for relative
Replies: 15
Views: 1055

Re: Enough retirement income to avoid Medicaid

Perhaps this is why the OP's wants to avoid Medicaid: Will Medicaid take my house when I die? Q. If I enroll in the new expanded Medicaid program, when I die and try to leave something to my kids, can the government attach those assets to repay the benefits I received? The answer is, it depends. Of ...
by teacher
Sat Aug 23, 2014 12:04 am
 
Forum: Personal Finance (Not Investing)
Topic: Enough retirement income to avoid Medicaid
Replies: 30
Views: 3279

Re: What's happening with my Stable Value fund?

Thanks, placeholder. Here's what it says: Can I post images? Yes, images can be shown in your posts. If the administrator has allowed attachments, you may be able to upload the image to the board. Otherwise, you must link to an image stored on a publicly accessible web server, e.g. http://www.exampl...
by teacher
Thu Aug 21, 2014 10:14 am
 
Forum: Investing - Help with Personal Investments
Topic: What's happening with my Stable Value fund?
Replies: 16
Views: 1888

Re: What's happening with my Stable Value fund?

Thanks for the additional info, dbr. I will definitely try to wrap my head around it later today, but as you can see by my last post, my confusion was based on the primary problem of not knowing how to read a simple chart. I would love to share it and other charts in future, but I don't know how to ...
by teacher
Wed Aug 20, 2014 11:52 am
 
Forum: Investing - Help with Personal Investments
Topic: What's happening with my Stable Value fund?
Replies: 16
Views: 1888

Re: What's happening with my Stable Value fund?

I called Fidelity which holds the Stable Value fund and asked about the opposite trajectory of the daily yield (YTD) and 1 year yield. Being not so savvy, I concentrated on the word, "daily" thinking it was today's yield rather than a cumulative, year-to-date yield. :oops: The chart I was ...
by teacher
Wed Aug 20, 2014 11:48 am
 
Forum: Investing - Help with Personal Investments
Topic: What's happening with my Stable Value fund?
Replies: 16
Views: 1888

Re: What's happening with my Stable Value fund?

dbr wrote: Stable means the asset value of a share is stabilized by insurance. It does not mean the yield is somehow guaranteed. If you thought that, then you misunderstood from the beginning. I understood there is no guarantee, but rather the fund is somewhat stabilized. How can one tell whether th...
by teacher
Wed Aug 20, 2014 10:39 am
 
Forum: Investing - Help with Personal Investments
Topic: What's happening with my Stable Value fund?
Replies: 16
Views: 1888

Re: What's happening with my Stable Value fund?

Valuethinker said: So perhaps the short rates the fund is getting on its investments have gone up (a bit) but the longer term yields are falling? Is that a good thing? Perhaps daily and one year yields are not meant to inform the low-information investor. I just want to know whether this fund is &qu...
by teacher
Wed Aug 20, 2014 9:58 am
 
Forum: Investing - Help with Personal Investments
Topic: What's happening with my Stable Value fund?
Replies: 16
Views: 1888

Re: What's happening with my Stable Value fund?

placeholder wrote:
What was the yield on the fund a year ago?

I can only go back to January 10th of this year.
The yearly yield was 2.67% on that date.
The yearly yield gradually dropped to 2.38% as of Aug 18th.
Daily yield has increased from .69% to 1.50% during that duration.
by teacher
Wed Aug 20, 2014 9:41 am
 
Forum: Investing - Help with Personal Investments
Topic: What's happening with my Stable Value fund?
Replies: 16
Views: 1888
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