Search found 2616 matches

by Artsdoctor
Tue Apr 25, 2017 4:58 pm
Forum: Investing - Theory, News & General
Topic: Unwinding all positions and buy back after French Elections
Replies: 45
Views: 3670

Re: Unwinding all positions and buy back after French Elections

Hi All, I was wondering, why should anyone run the risk of the impact of politicals risks when holding a portfolio? Given the low cost of investing ( in & out in your favorite low cost broker should run around ~7bps of your portfolio size or so), don't you think it's a good a idea to close all ...
by Artsdoctor
Sun Apr 23, 2017 6:11 pm
Forum: Personal Finance (Not Investing)
Topic: Before Tax Donations to a Donor Advised Fund?
Replies: 6
Views: 468

Re: Before Tax Donations to a Donor Advised Fund?

I'm not sure I understand your question but the gist of it is making charitable contributions with pre-tax dollars through a donor advised fund? This is not possible, as Gill described. The only way to make charitable contributions with pre-tax dollars is to make a QCD once you start RMDs (and not b...
by Artsdoctor
Sun Apr 23, 2017 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: Is this tax deductible?
Replies: 19
Views: 1200

Re: Is this tax deductible?

The standard deduction for 2016 was $6,300 and seniors can take an additional $1,550. So she's going to have to itemize more than $7,850 in order to even deduct charitable contributions. If she would like to pursue itemization of charitable contributions, then she would have to first find out if thi...
by Artsdoctor
Sun Apr 23, 2017 2:20 pm
Forum: Investing - Help with Personal Investments
Topic: Investing a windfall
Replies: 7
Views: 1120

Re: Investing a windfall

Hi all, first time posting but a long time follower of the forum. Here's my situation: I am about to come into a large bonus from work of a couple of hundred thousand dollars. I have no immediate needs for the money as I have no debt and live a pretty reasonable lifestyle that is more than taken ca...
by Artsdoctor
Sun Apr 23, 2017 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: Is this tax deductible?
Replies: 19
Views: 1200

Re: Is this tax deductible?

No. You cannot deduct being nice from your taxes. Hmmm, something you shouldn't have to worry about. Thanks for the snarky response. :twisted: I'm sorry it was misinterpreted. I actually thought you were pulling my leg and my response was meant in jest. The IRS has specific rules regarding charitab...
by Artsdoctor
Sun Apr 23, 2017 2:06 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe says "Goodby."
Replies: 319
Views: 31364

Re: Larry Swedroe says "Goodby."

On his guidance - I always found that Larry's approach to bond investing was waaaay too complicated. I wonder how many non-clients actually implemented it. At least one. Ha. My entire bond portfolio has been created with Larry Swedroe's and Bill Bernstein's help by way of this forum. As far as left...
by Artsdoctor
Sun Apr 23, 2017 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: Is this tax deductible?
Replies: 19
Views: 1200

Re: Is this tax deductible?

No. You cannot deduct being nice from your taxes.
by Artsdoctor
Sun Apr 23, 2017 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: Any regrets living a frugal life for high income/high networth individuals?
Replies: 128
Views: 12641

Re: Any regrets living a frugal life for high income/high networth individuals?

Define "frugal."

Are you talking about being prudent or are you talking about being skimpy?

One can easily be prudent and want for nothing.

If you're miserly or cheap, that's another matter.
by Artsdoctor
Fri Apr 21, 2017 1:22 pm
Forum: Personal Consumer Issues
Topic: How much to pay a housekeeper?
Replies: 23
Views: 2624

Re: How much to pay a housekeeper?

^ I would venture a guess that most housekeepers arrive to work with the supplies that have been given to them. In other words, most housekeepers have not purchased brooms, mops, cleaning supplies, or most other items that a self-employed person might use. If you hire a cleaning company that's a dif...
by Artsdoctor
Fri Apr 21, 2017 8:55 am
Forum: Personal Consumer Issues
Topic: How much to pay a housekeeper?
Replies: 23
Views: 2624

Re: How much to pay a housekeeper?

I have a housekeeper that comes two days a week, 8 hours per day (she does laundry as well as clean). I pay her $120/day. This has been the same rate for two years now and I think it's time to raise it. Would love to get a sense of what other people pay a regular housekeeper. This probably varies b...
by Artsdoctor
Thu Apr 20, 2017 7:23 pm
Forum: Personal Finance (Not Investing)
Topic: When does it make sense to start paying down (or off) a low rate mortgage?
Replies: 43
Views: 3351

Re: When does it make sense to start paying down (or off) a low rate mortgage?

The question of whether or not to pay down a mortgage is a staple on this and many other sites, as we are all very aware, so I hope this question is different enough that it doesn't go down the same rabbit hole. So, the question is, if you have a low rate mortgage (say 3% in todays environment) Is ...
by Artsdoctor
Thu Apr 20, 2017 2:05 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe says "Goodby."
Replies: 319
Views: 31364

Re: Larry Swedroe says "Goodby."

This is a significant loss for the forum. Fortunately, there are so many posts left behind that we can reread them from time to time. That kind of knowledge is timeless. And there are the books as well. He'll be missed very much.
by Artsdoctor
Thu Apr 20, 2017 1:25 pm
Forum: Investing - Theory, News & General
Topic: Evaluating my lack of jitters
Replies: 26
Views: 1644

Re: Evaluating my lack of jitters

Nisi, That is an incredible graph! You need to look into some sort of copyright protection. Crit, You're young and your job is secure. You can afford to take risk. That's all well and good for me to say because it's been a very long time since I was 43; I've dealt with three significant bear markets...
by Artsdoctor
Thu Apr 20, 2017 9:34 am
Forum: Investing - Help with Personal Investments
Topic: Munis and effect of pension funds on them and risks for portfolio
Replies: 18
Views: 1128

Re: Munis and effect of pension funds on them and risks for portfolio

Jackson, It's still difficult to be able to recommend specifics, but there is definitely something to know about your inherited individual munis. Remember that your Medicare premium is based on your modified adjusted gross income (MAGI). I don't know what sort of income you have, but muni interest i...
by Artsdoctor
Wed Apr 19, 2017 7:02 pm
Forum: Investing - Theory, News & General
Topic: Those that hold international equities at market-cap weight: what is your method?
Replies: 24
Views: 2208

Re: Those that hold international equities at market-cap weight: what is your method?

For US equities, I try to approximate Total Market. I realize it's mostly large cap but there's a reasonable amount of small and mid-cap as well. Total International doesn't really have the small cap exposure that I'd like although I don't have a meticulous formula to supplement. The bulk of my inte...
by Artsdoctor
Wed Apr 19, 2017 6:11 pm
Forum: Personal Consumer Issues
Topic: Tips on Uber
Replies: 64
Views: 4902

Re: Tips on Uber

I have taken Uber since the app became available in Los Angeles. I have taken Uber in many cities throughout the world and I rarely have tipped. All told, I've probably taken Uber a few hundred times. The no tipping policy in my mind probably dates back to when the company was rolled out. However, I...
by Artsdoctor
Wed Apr 19, 2017 5:34 pm
Forum: Investing - Help with Personal Investments
Topic: Munis and effect of pension funds on them and risks for portfolio
Replies: 18
Views: 1128

Re: Munis and effect of pension funds on them and risks for portfolio

The total gain for the muni part of the portfolio has been 3.12%. The majority of the munis were purchased in 2010 -2011. The last one matures in 2025. Of the years between now and 2025, the largest projected principal and interest distribution for the munis will be in 2019, for about $160,000 thst...
by Artsdoctor
Wed Apr 19, 2017 5:22 pm
Forum: Personal Finance (Not Investing)
Topic: Home Purchase - No Mortgage
Replies: 4
Views: 692

Re: Home Purchase - No Mortgage

Your question specifically is what *I* would do in your situation. Bear in mind that I'm not you. There's no way I'd take money out of a 401k to purchase a home. Roth space is precious and I'd tap a Roth only if I had to, and I'd be as judicious as possible. I wouldn't sell assets which would produc...
by Artsdoctor
Wed Apr 19, 2017 2:47 pm
Forum: Investing - Help with Personal Investments
Topic: All in with Balanced Index fund
Replies: 33
Views: 3164

Re: All in with Balanced Index fund

^ It is true that if you're going to consider LifeStrategy funds, you're going to have to look beneath the hood from time to time to make sure significant changes have not occurred. If at any point the LifeStrategy fund you're holding veers away from your needs, you can sell it without any problems ...
by Artsdoctor
Wed Apr 19, 2017 2:39 pm
Forum: Investing - Help with Personal Investments
Topic: Munis and effect of pension funds on them and risks for portfolio
Replies: 18
Views: 1128

Re: Munis and effect of pension funds on them and risks for portfolio

Without getting into details, the concept would be this. You'd count the munis as part of your fixed income asset allocation, of course. When they mature, you'd spend them (if necessary) or take what you don't want and put them into your equity or bond funds, wherever they're needed most. You're rea...
by Artsdoctor
Wed Apr 19, 2017 2:32 pm
Forum: Investing - Help with Personal Investments
Topic: All in with Balanced Index fund
Replies: 33
Views: 3164

Re: All in with Balanced Index fund

Thanks for all the replies. I was torn between vbinx and wellesley, but decided for passive for a few different reasons. Now if I can just make my monthly contributions for the next 25 yrs without tinkering..... :wink: If at any point you'd like to include international in your 60/40 split, LifeStr...
by Artsdoctor
Wed Apr 19, 2017 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Bill received after Estate is closed
Replies: 55
Views: 4919

Re: Bill received after Estate is closed

The amount of the bill is reasonable. The way he handled the bill is ridiculous. I'm not a lawyer but the way I'd handle it is this: Call him up and say that this was mishandled. He was handling the estate and forgot to bill you prior to closing the estate? Ask him if this is how he usually does bus...
by Artsdoctor
Wed Apr 19, 2017 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: HSA and taxes
Replies: 9
Views: 479

Re: HSA and taxes

The 4th tax benefit is that even if you do not have sufficient medical expenses you can withdraw the funds penalty free after age 65 but will pay income tax on the withdrawal. Basically like a traditional IRA. True. But keep all of your receipts from the time you open your HSA because you can reimb...
by Artsdoctor
Wed Apr 19, 2017 12:07 pm
Forum: Investing - Help with Personal Investments
Topic: All in with Balanced Index fund
Replies: 33
Views: 3164

Re: All in with Balanced Index fund

Thanks for all the replies. I was torn between vbinx and wellesley, but decided for passive for a few different reasons. Now if I can just make my monthly contributions for the next 25 yrs without tinkering..... :wink: If at any point you'd like to include international in your 60/40 split, LifeStr...
by Artsdoctor
Wed Apr 19, 2017 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: HSA and taxes
Replies: 9
Views: 479

Re: HSA and taxes

That would be the key. I wasn't aware of that rule. It would seem very hard to track since I can reimburse myself for expenses from way back when. For me, itemizing isn't really an option (10% AGI threshold). I keep all my receipts in one folder and annually reimburse from the HSA. Then I file thes...
by Artsdoctor
Wed Apr 19, 2017 11:44 am
Forum: Personal Finance (Not Investing)
Topic: HSA and taxes
Replies: 9
Views: 479

Re: HSA and taxes

Yes, you can certainly reimburse yourself for dental expenses. But the dental expenses you've already paid were paid in post-tax dollars. The general concept would be that medical (and dental expenses) can be paid in pre-tax dollars (but only once; you can't reimburse yourself for expenses paid in p...
by Artsdoctor
Wed Apr 19, 2017 11:41 am
Forum: Investing - Help with Personal Investments
Topic: Munis and effect of pension funds on them and risks for portfolio
Replies: 18
Views: 1128

Re: Munis and effect of pension funds on them and risks for portfolio

Jackson, Are you familiar with the EMMA site? It can give you recent prices and ratings of most munis. First thing is first. Can you use the munis? Do the maturities match your needs? If no, then even highly rates individual munis may need to be sold because they don't fit into your investment plans...
by Artsdoctor
Wed Apr 19, 2017 11:34 am
Forum: Personal Finance (Not Investing)
Topic: HSA and taxes
Replies: 9
Views: 479

Re: HSA and taxes

I'm not sure I understand what you're reimbursing yourself for. You can't reimburse yourself for insurance premiums under most circumstances (you can for COBRA and Medicare premiums).
by Artsdoctor
Tue Apr 18, 2017 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: Did anything surprise you in your 2016 taxes?
Replies: 82
Views: 6307

Re: Did anything surprise you in your 2016 taxes?

Yes. There seem to be endless ways to mess up predicting the marginal tax rate when you're in the AMT. Predictions are great but I'm always surprised at how finicky that AMT phase out formula is. You can think you're in the 28% marginal rate and without much effort, be much higher in no time.
by Artsdoctor
Mon Apr 17, 2017 7:53 pm
Forum: Investing - Theory, News & General
Topic: Rebalancing into stocks in (pre-)retirement?
Replies: 6
Views: 685

Re: Rebalancing into stocks in (pre-)retirement?

Artsdoctor, let us assume a 63-year-old investor planning to retire at 66, no legacy considerations. J Everyone is going to look at this differently, and I agree with the above question regarding how solid the person's portfolio is. To me, someone who is 63 is going to have to invest a portion of t...
by Artsdoctor
Sun Apr 16, 2017 7:51 pm
Forum: Investing - Help with Personal Investments
Topic: New contributions after making number, aggressive or conservative?
Replies: 30
Views: 2042

Re: New contributions after making number, aggressive or conservative?

I always respected Rick Ferri's level-headed axioms, especially about the pre-retiree: "The decision to reduce risk in a portfolio has nothing to do with the opinions about the stock market or the future of the economy. It is based on reaching a financial goal. Your assets and liabilities in li...
by Artsdoctor
Sun Apr 16, 2017 7:04 pm
Forum: Investing - Theory, News & General
Topic: Rebalancing into stocks in (pre-)retirement?
Replies: 6
Views: 685

Re: Rebalancing into stocks in (pre-)retirement?

You can't generalize. You need to be much more specific: Are you investing just for yourself or are you also investing for your heirs? "Retirement" may be a very long time. Are you talking about early retirement, mid-retirement, or late retirement? To answer your question: A 65-year-old in...
by Artsdoctor
Sun Apr 16, 2017 6:57 pm
Forum: Investing - Theory, News & General
Topic: Investors backing off their equity AA primarily due to 8-year bull market?
Replies: 56
Views: 4502

Re: Investors backing off their equity AA primarily due to 8-year bull market?

Trying to predict the future is a losing battle. I would never change my asset allocation based on believing the market is overvalued. And indeed, the younger people I'm helping with investments have the same asset allocation as they did 10 years ago. However, I have cut back on equities considerabl...
by Artsdoctor
Sun Apr 16, 2017 6:50 pm
Forum: Investing - Help with Personal Investments
Topic: How often should I contribute to my taxable account?
Replies: 23
Views: 2689

Re: How often should I contribute to my taxable account?

^ This is true. Running afoul of the wash sale rule is unlikely to amount to a lot of bucks. And I do like to idea of set-it-and-forget-it. However, habits that are learned now could pay off in the future. Perhaps the monthly contributions will increase. And if you lived through the 2008-2009 meltdo...
by Artsdoctor
Sun Apr 16, 2017 6:07 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe : Integrated Investment Plan
Replies: 35
Views: 6398

Re: Larry Swedroe : Integrated Investment Plan

Very succinct. I agree with each item outlined entirely.
by Artsdoctor
Sun Apr 16, 2017 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have an umbrella policy?
Replies: 129
Views: 11772

Re: Do you have an umbrella policy?

Yes. $2M at $400/year.
by Artsdoctor
Sun Apr 16, 2017 5:31 pm
Forum: Investing - Help with Personal Investments
Topic: How often should I contribute to my taxable account?
Replies: 23
Views: 2689

Re: How often should I contribute to my taxable account?

Thanks everyone for your help! Looks like we'll be putting it on auto-pilot. Thanks again! Not so fast. There are two distinct benefits of a taxable account: being able to tax-loss harvest and being able to donate appreciated shares. In order to take advantage of these benefits, I'd consider choosi...
by Artsdoctor
Sun Apr 16, 2017 5:19 pm
Forum: Investing - Help with Personal Investments
Topic: Capital Gains on Real Estate Sale
Replies: 6
Views: 756

Re: Capital Gains on Real Estate Sale

Are you sure of your basis? I see you've owned it for over 25 years. Gill Exactly. Make sure you've been adding improvements to your cost basis. Those receipts can save you a lot. I don't know about your other investments or deductions, but the tax on the $500,000 gain alone would be roughly: nearl...
by Artsdoctor
Sun Apr 16, 2017 5:11 pm
Forum: Personal Consumer Issues
Topic: Donations to charity for 2016 tax year (and 2017)...
Replies: 9
Views: 1079

Re: Donations to charity for 2016 tax year (and 2017)...

For us, about 10% of our AGI went to charitable contributions in 2016. But the vast majority of that went to our DAFs. The more capital gains are embedded in our taxable account, the more we donate to our DAFs. During a significant market downturn, the less we transfer to DAFs but the DAFs are also ...
by Artsdoctor
Sun Apr 16, 2017 5:02 pm
Forum: Personal Finance (Not Investing)
Topic: Why do you save?
Replies: 31
Views: 1981

Re: Why do you save?

Great question, Klang. I was raised in the Midwest with a VERY strong sense of independence. "If you don't take care of yourself, no one's going to do it for you," was the mantra, more or less. I don't have a pension and I'm not counting on an inheritance. I know what it's like to live pay...
by Artsdoctor
Sun Apr 16, 2017 4:43 pm
Forum: Investing - Theory, News & General
Topic: Emergency Fund: 125% Wellesley or 100% Limited-Term MUNIs?
Replies: 22
Views: 1449

Re: Emergency Fund: 125% Wellesley or 100% Limited-Term MUNIs?

Lieutenant, I'm going to assume that holding one year's of expenses in your EF is a decent amount of money; your reported marginal tax rate of 39.6% would suggest that the EF would be six digits so it's worth looking at interest and dividends in post-tax percentages. First, yes: your tax may be abov...
by Artsdoctor
Sat Apr 15, 2017 7:19 pm
Forum: Personal Finance (Not Investing)
Topic: Physician using Turbotax, owing 30K so far already...
Replies: 65
Views: 6774

Re: Physician using Turbotax, owing 30K so far already...

Reducing taxes and calculating withholding amounts are two different animals. Here, the OP was asking about withholding amounts and the the topic started straying. From a withholding point of view, get your TurboTax program when it's available around Thanksgiving. You'll have December to fiddle and ...
by Artsdoctor
Sat Apr 15, 2017 7:07 pm
Forum: Investing - Theory, News & General
Topic: Zweig: The Expensive Ingredient of Cheap ETFs [Price vs. NAV]
Replies: 12
Views: 2297

Re: Zweig: The Expensive Ingredient of Cheap ETFs [Price vs. NAV]

I thought the column was excellent, and I agree with Triceratop. There are some ETFs that are traded infrequently and pricing can be erratic. However, let's take something thats traded frequently and efficiently. If it's an ETF that you're going to be trading periodically, get to know it: you'll bec...
by Artsdoctor
Sat Apr 15, 2017 6:55 pm
Forum: Personal Finance (Not Investing)
Topic: Physician using Turbotax, owing 30K so far already...
Replies: 65
Views: 6774

Re: Physician using Turbotax, owing 30K so far already...

Beach, The majority of married couples will file jointly. It doesn't matter who makes what, you're going to be taxed on the total income. I was taught decades ago by my accountant that the bigger your payment in April, the more successful your tax planning has been--as long as don't pay a penalty. I...
by Artsdoctor
Sat Apr 15, 2017 9:25 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe on Understanding Different Types of Risk
Replies: 45
Views: 4851

Re: Larry Swedroe on Understanding Different Types of Risk

^ There are a lot of reasons for snarky behavior, and none of them is justified. Some people want to feel superior when it comes to personal finance. Some people are just arrogant. Some aren't happy in general. You never know online because you can't see their faces. Sometimes, people have just had ...
by Artsdoctor
Fri Apr 14, 2017 7:14 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe on Understanding Different Types of Risk
Replies: 45
Views: 4851

Re: Larry Swedroe on Understanding Different Types of Risk

Nice article thanks for sending it over. Larry Swedroe and Bill Bernstein have been two of the most influential people in helping me understand bonds. They made a relatively sleepy part of my portfolio come alive. The only disagreement I ever had with Larry was his insistence on using only the highe...
by Artsdoctor
Thu Apr 13, 2017 10:52 pm
Forum: Investing - Theory, News & General
Topic: What rate of return do you use when planning for retirement?
Replies: 178
Views: 22211

Re: What rate of return do you use when planning for retirement?

In reality, you can project all you want but the market is going to decide it for you. If you're 20 years away from retirement, you're going to reassess periodically and make any adjustments necessary. The fact is, being so far away from retirement carries with it too much uncertainty. You save what...
by Artsdoctor
Thu Apr 13, 2017 5:48 pm
Forum: Personal Consumer Issues
Topic: Uber app use in Baltic Countries
Replies: 2
Views: 270

Re: Uber app use in Baltic Countries

https://www.uber.com/cities/ It looks like you're out of luck in Latvia but the others should be fine. I've used Uber all over the world and never had a problem with the app. You can go into your app while you're in the US and put in locations (Point A to Point B in Vilnius, for example). It'll show...
by Artsdoctor
Thu Apr 13, 2017 10:16 am
Forum: Investing - Theory, News & General
Topic: What rate of return do you use when planning for retirement?
Replies: 178
Views: 22211

Re: What rate of return do you use when planning for retirement?

We should probably go back and preface our anectodal estimates of real return with what our asset allocation will be. Obviously, an investor with an 80/20 allocation is going to anticipate a higher rate of return than an investor at 40/60. But, why not defer to people who make a living out of this? ...
by Artsdoctor
Thu Apr 13, 2017 10:05 am
Forum: Investing - Help with Personal Investments
Topic: international funds question
Replies: 14
Views: 976

Re: international funds question

Don't forget to take taxes into consideration. Developing Markets will pay out greater qualified dividends, Emerging Markets less so; Total International in between. But if you're going to keep the ratio at 20% Emerging Markets, you may incur capital gains along the way. All that said, Emerging Mark...

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