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Re: Receiving Inheritance Distribution, Move to Avoid Tax?

The person who you need to talk to is an account, lawyer, or the manager or trustee of the trust (in other worlds, not us!). You need to know the tax liability you face. It's likely small and not worth moving to save a few thousand dollars (your moving expenses may be greater). Frankly, even at a go...
by tj-longterm
Tue Sep 09, 2014 8:16 am
 
Forum: Personal Finance (Not Investing)
Topic: Receiving Inheritance Distribution, Move to Avoid Tax?
Replies: 17
Views: 1037

Re: Angel Investing

You don't have to apply. When you sign the investing paperwork, generally you just sign that you meet the requirements and that's it. I will caution you that if you talk to most professional angel investors who have been doing this a while they will tell you not to go into angel investing to make mo...
by tj-longterm
Thu Aug 28, 2014 8:10 am
 
Forum: Investing - Help with Personal Investments
Topic: Angel Investing
Replies: 6
Views: 780

Re: Finding witnesses for a trust document

We had our bank (Wells Fargo) provide our notary, but they refused to provide any witnesses :?

Maybe I'll try asking again, or trying some other types of offices. I don't mind paying for it, I just want the documents to be valid!
by tj-longterm
Fri Aug 08, 2014 8:55 am
 
Forum: Personal Finance (Not Investing)
Topic: Finding witnesses for a trust document
Replies: 31
Views: 1387

Finding witnesses for a trust document

My wife and I need to amend some trust documents and we're supposed to have two witnesses sign off on them. However, we're very private about our finances and would rather not have friends or co-workers be witnesses to the legal documents. For various reasons, we've been advised that family members ...
by tj-longterm
Fri Aug 08, 2014 8:42 am
 
Forum: Personal Finance (Not Investing)
Topic: Finding witnesses for a trust document
Replies: 31
Views: 1387

Re: Should VG's Tax-Exempt funds be adjusted for % in your s

Thanks sscritic.

After lots of searching, I finally found this document, which may be useful to others because I don't believe Vanguard sent it to me: https://personal.vanguard.com/pdf/inbst_012014.pdf
by tj-longterm
Tue Apr 08, 2014 8:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should VG's Tax-Exempt funds be adjusted for % in your state
Replies: 4
Views: 259

Should VG's Tax-Exempt funds be adjusted for % in your state

I owned some of Vanguard's tax-exempt bond funds last year and live in NY. Although I didn't consider this originally, according to the prospectus, greater than 5% of the fund is in NY muni bond funds. Does this mean that some portion of these funds is also tax exempt in New York? Where can I find t...
by tj-longterm
Tue Apr 08, 2014 7:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should VG's Tax-Exempt funds be adjusted for % in your state
Replies: 4
Views: 259

Re: Vanguard 1099-B - "long term" loss reported for 5 month

Did you sell any of the same securities around April 2013? If you had a wash sale, the purchase date (for tax purposes) and cost basis of the April 2013 purchase gets adjusted. Indeed, this is apparently the case. I thought I understood how wash sales were reported, but apparently was mistaken as I...
by tj-longterm
Mon Mar 03, 2014 6:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard 1099-B - "long term" loss reported for 5 month hold
Replies: 9
Views: 718

Re: Vanguard 1099-B - "long term" loss reported for 5 month

What are the purchase and sale dates on the 1099B. Do they match your records? Sale date is in october 2013, acquisition date is in april 2013. This matches the online vanguard records and the confirmation PDF for the sale on that date in october. It specifically shows Cost basis lot detail of Spec...
by tj-longterm
Sun Mar 02, 2014 3:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard 1099-B - "long term" loss reported for 5 month hold
Replies: 9
Views: 718

Vanguard 1099-B - "long term" loss reported for 5 month hold

I use Specific ID for all my sales at Vanguard. I sold a Tax-Exempt fund last year for a lot purchased less than 6 months before (at a loss). It's showing up at a "long-term" transaction both in the 1099-B (reported to IRS section) and on Vanguard's cost basis section. Is this possible tha...
by tj-longterm
Sun Mar 02, 2014 2:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard 1099-B - "long term" loss reported for 5 month hold
Replies: 9
Views: 718

Re: Prove to relative that indexing would have been better

I appreciate the concerns about alienating this person. I'm inclined to continue despite this risk because: 1) I care about the other beneficiaries 2) I think this person is willing to listen to the right facts -- as simple as some of this sounds to many of us, it's not simple -- and I have seen him...
by tj-longterm
Sun Feb 16, 2014 12:10 pm
 
Forum: Investing - Theory, News & General
Topic: Prove to relative that indexing would have been better
Replies: 17
Views: 1081

Prove to relative that indexing would have been better

One of my relatives is an educated, intelligent person with a semi-formal finance and investing background. He invests his own assets... as well as the assets (high 7 figures) of a trust for which a number of his other relatives (not me) are (or will be) beneficiaries. About 20% of the investments a...
by tj-longterm
Sun Feb 16, 2014 10:22 am
 
Forum: Investing - Theory, News & General
Topic: Prove to relative that indexing would have been better
Replies: 17
Views: 1081

Good occasional sources of Boglehead-like reading/updates

Hi all, I love this forum (I've been here since at least 2007, and probably longer at the old location), but when I started at had lots of time: I spent countless hours reading investment books, studying investment and reading and posting here. I made a solid IPS that has rarely been revised, sat th...
by tj-longterm
Sat Oct 19, 2013 12:06 pm
 
Forum: Investing - Theory, News & General
Topic: Good occasional sources of Boglehead-like reading/updates
Replies: 1
Views: 290

How big a difference between All World and Total Intl anyway

Ive long been (very slightly) regretting my decision to own VEU (All World Ex-US) instead of VXUS (Total International) because of its lack of small caps. While doing my semi-annual review of my portfolio recently, I realized that I have only about a 5% gain in my VEU holdings (equating to a little ...
by tj-longterm
Fri Aug 16, 2013 9:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: How big a difference between All World and Total Intl anyway
Replies: 6
Views: 670

Re: Article suggests "differentiated" asset locations superi

Id bet you a virtual beer that their idea involves permanent insurance. Not sure what you mean -- they give an example of a differentiated portfolio in the blog post, and specifically recommend against whole life. It's simply a different method of allocating assets between retirement and taxable ac...
by tj-longterm
Tue Jul 16, 2013 9:50 am
 
Forum: Investing - Theory, News & General
Topic: Article suggests "differentiated" asset locations superior
Replies: 7
Views: 1025

Article suggests "differentiated" asset locations superior

For investors with primarily taxable, not tax-sheltered investments, a new article suggests the differentiated asset location is better than segregating tax-inefficient asset classes into retirement accounts: https://blog.wealthfront.com/differentiated-asset-location-a-case-for-certain-young-investo...
by tj-longterm
Tue Jul 16, 2013 8:28 am
 
Forum: Investing - Theory, News & General
Topic: Article suggests "differentiated" asset locations superior
Replies: 7
Views: 1025

Re: Are no foreign purchase fees on credit cards a scam?

But how true is this? Can't the card issuer just set the forex rate to be a bit more unfavorable (to the consumer) relative to their other cards that charge a fee for foreign transactions? In this way the usual 2-3% fee that most cards have is built into the less favorable exchange rates for these ...
by tj-longterm
Sat Jun 29, 2013 8:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Are no foreign purchase fees on credit cards a scam?
Replies: 16
Views: 1857

Re: Solo 401k - same EIN used for nanny?

I would suspect that the Solo 401K EIN should match your Schedule C. In this case, it's likely your SSN. Also, could you use your personal social security # as the owner of the plan? Vanguard explicitly says that SSNs aren't allowed. Is the nanny a W-2 employee of the EIN you want to open the I401K...
by tj-longterm
Fri Jun 28, 2013 8:28 am
 
Forum: Personal Finance (Not Investing)
Topic: Solo 401k - same EIN used for nanny? [solved]
Replies: 6
Views: 550

Solo 401k - same EIN used for nanny? [solved]

I'm considering contributing to a profit-sharing individual 401k for some consulting work I've been doing, and I'm required to provide an EIN. I don't have anything incorporated (most of the work I'm doing is subcontracting and low-risk so I haven't spend the time to do this), so I figured I could d...
by tj-longterm
Thu Jun 27, 2013 11:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Solo 401k - same EIN used for nanny? [solved]
Replies: 6
Views: 550

Re: Should I Tax Harvest a LT Muni Bond Fund?

I wouldn't TLH to a shorter fund, locking in losses, unless there is no other option. You're basically market-timing too late if you decide to shorten duration only after things get ugly ;) Fear of "locking in losses" is just bad psychology. If you held only cash and were buying bonds tod...
by tj-longterm
Mon Jun 24, 2013 8:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I Tax Harvest a LT Muni Bond Fund?
Replies: 7
Views: 882

Re: Sell an ETF & buy equivalent mutual fund - wash sale?

There is really no IRS guidance on this as far as I know.

However, Vanguard's ETFs and mutual funds are part of the same fund, so I would guess that these count as substantially identical.
by tj-longterm
Thu Jun 20, 2013 10:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: Sell an ETF & buy equivalent mutual fund - wash sale?
Replies: 20
Views: 913

Re: ETFs vs. Mutual Funds

I think you should consider mutual funds over ETFs, particularly if you plan regular investments: * Returns are usually better: http://www.efficientfrontier.com/ef/104/stupid.htm Taylor, this article is about comparing ETFs (in particular iShares) to Vanguard, not Vanguard Funds vs Vanguard ETFs. M...
by tj-longterm
Wed May 29, 2013 9:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: 3 Best ETF for very Lazy Portflolio strategy
Replies: 11
Views: 2411

Re: Muni Bond ETFs -- No Vanguard options?

Kevin M wrote:Why don't you just move the money to Vanguard?


It would be rather complicated and involve a change in corporate trustees, I believe. And I'm not sure that Vanguard offers trust services for self-directed (non-managed) accounts?
by tj-longterm
Sat May 25, 2013 2:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Muni Bond ETFs -- No Vanguard options?
Replies: 18
Views: 1999

Re: Attention Mac Users - Vanguard Policy on On-line fraud

There's actually a very good reason that it is often recommended not to run anti-virus software on a Mac: the software runs with elevated privileges and so itself could be the target of an exploit that might not otherwise be easily possible on a Mac. Here's a good overview about malware on Macs: htt...
by tj-longterm
Sat May 25, 2013 2:02 pm
 
Forum: Personal Consumer Issues
Topic: Attention Mac Users - Vanguard Policy on On-line fraud
Replies: 17
Views: 2610

Re: Muni Bond ETFs -- No Vanguard options?

I've finally looked into these more. TFI has an expense ratio of 0.23% MUB has an expense ratio of 0.25% So, why are these good alternatives to Vanguard Muni admiral class funds? The Vanguard Long-Term Tax-Exempt Investor fund has an expense ratio of 0.20%. It appears I'm better off buying the non-a...
by tj-longterm
Sat May 25, 2013 1:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Muni Bond ETFs -- No Vanguard options?
Replies: 18
Views: 1999

Re: Emergency Room Visit -- HDHP

This used to work well for me, but recently I discovered that the 25% discount to the cash customer was still far more expensive than the insurance rate, which is often far more than 25% off the "list price" I asked for a discount on the amount they submitted to my insurance and that they...
by tj-longterm
Thu May 16, 2013 11:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Emergency Room Visit -- HDHP
Replies: 58
Views: 4619

Re: Muni Bond ETFs -- No Vanguard options?

stratton wrote:
Ishares has several. MUB is intermediate and SUB is short term.



Are they comparable in quality to the Vanguard Admiral Fund offerings? What about a "long term" option comparable to VWLUX (only a slightly longer duration than intermediate, but a much higher yield)?
by tj-longterm
Thu May 16, 2013 10:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: Muni Bond ETFs -- No Vanguard options?
Replies: 18
Views: 1999

Muni Bond ETFs -- No Vanguard options?

Does anyone know why there are no municipal bond ETFs available at Vanguard? Are there good alternatives?

I'm trying to deal with a portfolio that isn't located at Vanguard, which means Admiral shares are not available (which gives a huge preference to ETFs).
by tj-longterm
Thu May 16, 2013 10:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: Muni Bond ETFs -- No Vanguard options?
Replies: 18
Views: 1999

Re: Emergency Room Visit -- HDHP

Does the insurer negotiate a good rate for customers who have a high deductible ($3000)? Or am I treated as a cash customer and will end up with a large bill? It's all negotiable. You can either take their rate and have it counted against your deductible. Or you can ask to be treated as a cash cust...
by tj-longterm
Thu May 16, 2013 10:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Emergency Room Visit -- HDHP
Replies: 58
Views: 4619

Re: taxable acct: tilt anyway?

For those who are tilting, how do you maintain your allocation? Or do you just let the allocation float to wherever it goes? Tax-loss harvesting can only get you so far.
by tj-longterm
Wed May 15, 2013 8:38 am
 
Forum: Investing - Theory, News & General
Topic: taxable acct: tilt anyway?
Replies: 25
Views: 1832

Re: taxable acct: tilt anyway?

I have very little tax-advantaged space (I'm taxable Ted) and haven't come to a good conclusion on this and haven't found good resources (I've asked on here before). The problems with trying to "tilt" or slice and dice in a taxable account is that many "tilt" strategies are very ...
by tj-longterm
Sun May 12, 2013 3:08 pm
 
Forum: Investing - Theory, News & General
Topic: taxable acct: tilt anyway?
Replies: 25
Views: 1832

Re: Hacked account [Can this happen at Vanguard?]

If a Vanguard rep somehow steals from your account, or someone hacks into Vanguard, it's unlikely you will be personally liable. On the other hand, if you have poor computer security or poor passwords (or you get suckered by a phishing link), and your account gets accessed by an unauthorized person ...
by tj-longterm
Sun May 12, 2013 1:20 pm
 
Forum: Investing - Theory, News & General
Topic: Hacked account [Can this happen at Vanguard?]
Replies: 11
Views: 1414

Re: 100% equities, anyone?

I sat through the 2008 crash with 100% equities and didn't do any selling other than tax-loss harvesting into other funds. I slept fine, even though it's a fairly good amount that's invested. I am also young and won't be touching the money for 30+ years. I do/did wish I had some bonds to rebalance a...
by tj-longterm
Sun May 12, 2013 1:06 pm
 
Forum: Investing - Theory, News & General
Topic: 100% equities, anyone?
Replies: 149
Views: 9919

Re: Creating a living trust through Legalzoom.com or Nolo.co

I'm a little unsure because you mix the terms living will and living trust, which are very different things. Generally, the advice for living trusts is that you should talk to a lawyer in your new state to see if your old trust will account for differences in the law because revisions in the trust m...
by tj-longterm
Mon Apr 29, 2013 9:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Creating a living trust through Legalzoom.com or Nolo.com
Replies: 3
Views: 658

ETFs with transaction fee vs Signal class shares

I manage an account at a financial institution where the share purchases and sales are charged on a per-share basis (averaging to around 0.1% of purchase price for most Vanguard ETFs). Mutual fund purchases are generally no charge, and there are a few Signal class versions available of some Vanguard...
by tj-longterm
Mon Apr 29, 2013 9:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: ETFs with transaction fee vs Signal class shares
Replies: 1
Views: 140

Re: Is a 90% drop in the market realistic?

jbreittling wrote:What is the boglehead take on such alarmist types of articles?


Alarmist articles are alarmist and the article is just plain bad.

That being said, could a 90% drop in the market happen? Yes, of course. It's just unlikely.
by tj-longterm
Fri Mar 29, 2013 8:32 pm
 
Forum: Investing - Theory, News & General
Topic: Is a 90% drop in the market realistic?
Replies: 40
Views: 3428

Re: Bonding and insurance for housekeeper?

I don't think you're wrong to be paranoid. A former colleague of mine had a nanny who tripped (or maybe '"tripped") in her home and sued for compensation. She figured homeowners and/or umbrella would cover it - NOPE! They'll cover a babysitter (infrequent, irregular visits) but not a hous...
by tj-longterm
Fri Mar 29, 2013 12:59 pm
 
Forum: Personal Consumer Issues
Topic: Bonding and insurance for housekeeper?
Replies: 4
Views: 611

Bonding and insurance for housekeeper?

We've been struggling to find a housekeeper we like since moving and we've finally found one that does an amazing job (they are also very popular and highly rated and have been mentioned in a big media publication). However, they act as a "referral agency" that "outsources housekeepin...
by tj-longterm
Thu Mar 28, 2013 12:27 pm
 
Forum: Personal Consumer Issues
Topic: Bonding and insurance for housekeeper?
Replies: 4
Views: 611

Re: Is Med School still a good financial investment?

Becoming a Dr is generally not worth it from a pure financial standpoint. When you add up tuition, lost wages during medical school and residency, and the total hours worked, you could definitely do better financially in another field (especially a financial one) if you're willing to work just as ha...
by tj-longterm
Tue Feb 26, 2013 4:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is Med School still a good financial investment?
Replies: 123
Views: 7974

ETFs/funds with fixed allocations and rebalancing?

I was doing some more investment reading lately about the idea of rebalancing helping increase the return/risk ratio of a portfolio. A rebalancing bonus is somewhat controversial, but some theory and evidence seems to back up the idea. Even if there is no bonus, rebalancing might help keep portfolio...
by tj-longterm
Tue Feb 26, 2013 12:17 pm
 
Forum: Investing - Theory, News & General
Topic: ETFs/funds with fixed allocations and rebalancing?
Replies: 0
Views: 165

Re: How much was I paid, a hypothetical question...

Suppose I accepted three (3) one (1) oz American Eagle silver coins as payment for, well, anything. The coins are marked "One Dollar," though they might be worth anywhere from $30+ upward if circulated, up to $65+ if they are proof coins. Of course realistically the current crop of silver...
by tj-longterm
Fri Feb 22, 2013 12:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much was I paid, a hypothetical question...
Replies: 9
Views: 533

Taxable account implications - Total International Bond Fund

Over at the Total International Bond Fund thread, a number of people asked about the implications of this fund for taxable accounts, but I think their questions got drowned out. I'm one of those people with mostly taxable account money. Because of this, I keep my bond allocation a little lower than ...
by tj-longterm
Sun Feb 17, 2013 4:33 pm
 
Forum: Investing - Theory, News & General
Topic: Taxable account implications - Total International Bond Fund
Replies: 3
Views: 734

Re: State taxes when moved mid year

Thanks for the advice. We moved from Georgia to NY. Looks like I get to spend an extra couple days on tax preparation separating everything out. Hooray! :sharebeer I'm still not quite sure how to handle things like the foreign tax credit (part-year resident instructions are long), but I figure the f...
by tj-longterm
Sat Feb 16, 2013 1:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: State taxes when moved mid year
Replies: 7
Views: 973

State taxes when moved mid year

I'm putting together all my tax documents and we moved mid year between states that both have income taxes. How do the taxes get divided up? I assume by date? (e.g. capital gains and interest received before moving go to the first state, the rest go to the second state). Does this mean I have to go ...
by tj-longterm
Fri Feb 15, 2013 9:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: State taxes when moved mid year
Replies: 7
Views: 973

Re: Vanguard New York Long-Term Tax-Exempt Fund Investor Sha

A fund with a six year duration should be considered moderately risky for a bond, so it depends how much volatility you can stomach in your emergency fund. It's worth noting that when I calculate the tax-equivalent yield of LT Tax-exempt and New York LT tax-exempt they come out virtually the same. T...
by tj-longterm
Mon Feb 04, 2013 10:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard New York Long-Term Tax-Exempt Fund Investor Shares
Replies: 6
Views: 650

Re: Investing theory: I bonds/TIPS and tax efficiency

The problem in my mind is that if this changes and you have to switch bonds back into tax-advantaged accounts, you may incur taxes to make this switch. When that happens you get a capital loss on bonds. No taxes on capital loss. Actually you use the capital loss to offset your ordinary income, $3k ...
by tj-longterm
Sun Feb 03, 2013 9:15 pm
 
Forum: Investing - Theory, News & General
Topic: Investing theory: I bonds/TIPS and tax efficiency
Replies: 5
Views: 775

Re: Investing theory: I bonds/TIPS and tax efficiency

1. For a mid career working fella do I bonds and TIPS make sense if they fit into your desired AA? I seem to see advice here, and on the Vanguard charts, where these kinda bond assets are recommended more at around 5 years from retirement. From what I can tell, there's no certain answer to this. I ...
by tj-longterm
Sun Feb 03, 2013 1:23 pm
 
Forum: Investing - Theory, News & General
Topic: Investing theory: I bonds/TIPS and tax efficiency
Replies: 5
Views: 775

Re: Help selecting bond choices in taxable

I still wouldn't buy TIPS in taxable. I wouldn't buy TIPS anywhere, unless your portfolio/situation is otherwise extremely exposed to unanticipated inflation. Yields are negative out to, what, 20 years? And then you have to pay annual federal income tax on the phantom inflation income if in taxable...
by tj-longterm
Sat Feb 02, 2013 9:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help selecting bond choices in taxable
Replies: 6
Views: 530

Re: Help selecting bond choices in taxable

letsgobobby wrote:I bonds seem better than TIPS, especially in taxable accounts. Of course subject to low annual purchase limits.


The annual limits keep it from having a meaningful impact for me.
by tj-longterm
Sat Feb 02, 2013 5:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help selecting bond choices in taxable
Replies: 6
Views: 530

Help selecting bond choices in taxable

Hi all, I'm reviewing my allocation and trying to figure out how I want my bonds to be setup. My IPS still calls for: 10% bonds 10% TIPS I'm trying not to market time my bond allocation too much by changing this. But, this is all in a taxable account, mind you, and I'm subject to NY State and City t...
by tj-longterm
Sat Feb 02, 2013 2:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help selecting bond choices in taxable
Replies: 6
Views: 530

Re: Do I need a realtor??

We drew up a contract with the owners with stuff we both wanted in it. Then we hired a real estate attorney, called a home inspector, and got the ball rolling on the financing. We honestly did very little after that until the attorney called us to sign the documents. I highly, highly recommend you ...
by tj-longterm
Wed Jan 30, 2013 5:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do I need a realtor??
Replies: 19
Views: 2083
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