Search found 2054 matches

by Artsdoctor
Tue Jul 26, 2016 6:18 pm
Forum: Personal Finance (Not Investing)
Topic: After death, is an HSA still an HSA?
Replies: 22
Views: 3767

Re: After death, is an HSA still an HSA?

^ I'm not sure I understand the loophole issue here. The law doesn't say that you're required to pay for your medical expenses from the HSA in the year that they're incurred. Medical cost during retirement is a very big wild card. I don't think it's a loophole to save for future medical expenses whe...
by Artsdoctor
Mon Jul 25, 2016 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: After death, is an HSA still an HSA?
Replies: 22
Views: 3767

Re: After death, is an HSA still an HSA?

^ Most people would be loathe to make financial decisions based on what "might" happen in the future. I'm not quite sure what IRA loophole would be analagous to an HSA reimbursement. HSA funds can be used to pay for medical expenses of the deceased account holder's that haven't already bee...
by Artsdoctor
Mon Jul 25, 2016 7:05 pm
Forum: Investing - Help with Personal Investments
Topic: HSA in CA (things to consider?)
Replies: 13
Views: 1122

Re: HSA in CA (things to consider?)

The bookkeeping isn't that bad. You're having to keep records for your federal taxable account so this isn't any harder than that. Any unnecessary bookkeeping is bad IMO. I understand the need to keep track of taxable portions of a HSA, but if you're not going to collect tax, then all the bookkeepi...
by Artsdoctor
Mon Jul 25, 2016 3:10 pm
Forum: Investing - Help with Personal Investments
Topic: HSA in CA (things to consider?)
Replies: 13
Views: 1122

Re: HSA in CA (things to consider?)

^ Even if this is an employee-sponsored plan, you can always transfer the balance periodically to the plan of your choosing. Hopefully, everything's doing tax-loss harvesting when they can for federal income tax purposes (which may also help state income tax). California allows carryover losses so o...
by Artsdoctor
Mon Jul 25, 2016 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: After death, is an HSA still an HSA?
Replies: 22
Views: 3767

Re: After death, is an HSA still an HSA?

HSA's are still kind of new and evolving. It will be interesting to see how this plays out in the future. I like the overall concept and have an account however, I am still a little cautious of having a large balance at this time. I also have a large balance (never used it for medical expenses,inve...
by Artsdoctor
Sat Jul 23, 2016 6:32 pm
Forum: Investing - Help with Personal Investments
Topic: Dump $5500 to Roth IRA on Day 1 of every year or split contribution to 12 months?
Replies: 32
Views: 2936

Re: Dump $5500 to Roth IRA on Day 1 of every year or split contribution to 12 months?

It depends how close you are to the maximum allowable income. If there's no possible way to surpass the maximum, I'd invest in January. If you're really close, I'd wait until the end of the year. Similar issue with an HSA. I used to invest the maximum each January but when I realized I know longer h...
by Artsdoctor
Sat Jul 23, 2016 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: IRA beneficiaries question
Replies: 15
Views: 1078

Re: IRA beneficiaries question

Isabelle, Did you mention how old your children are? If your MIL is 61, her grandkids could be 21 or so, or 2, for example. If she wants the IRA to go to her son, that certainly makes sense. If he dies before her, then you'd get the IRA if you're the contingent beneficiary. If she'd name the grandki...
by Artsdoctor
Sat Jul 23, 2016 12:05 pm
Forum: Investing - Help with Personal Investments
Topic: Early retirees, how much did you leave on the table?
Replies: 180
Views: 11362

Re: Early retirees, how much did you leave on the table?

Here's a question for those who did not retire early: How many years of freedom did you leave on table? That number is easily determined. Freedom to do what I guess is my question. I have traveled the world, participated in activities and enjoyed the people I have met along the way. Your question i...
by Artsdoctor
Fri Jul 22, 2016 12:25 pm
Forum: Investing - Help with Personal Investments
Topic: Early retirees, how much did you leave on the table?
Replies: 180
Views: 11362

Re: Early retirees, how much did you leave on the table?

Went to part-time at 55 and will retire fully at 60. Interesting exercise in math, but I'm guessing the entire portfolio would probably be 25% higher. Spouse remains full-time. Can't avoid philosophical comments altogether, though. Wouldn't trade this decision for anything. Was starting to see relat...
by Artsdoctor
Fri Jul 22, 2016 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Networth = Age x Pretax income then divide by 10?
Replies: 49
Views: 6082

Re: Networth = Age x Pretax income then divide by 10?

ALL calculations listed above are not helpful.

Is this actionable?
by Artsdoctor
Tue Jul 19, 2016 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: Another Too-Much-House Thread....
Replies: 72
Views: 6613

Re: Another Too-Much-House Thread....

We've yet to comes across anyone that has anything positive to say about the house size. We must have rose colored goggles on. Probably should have noted this previously but the community requires a minimum 4,000 sqr ft house. We've yet to comes across anyone that has anything positive to say about...
by Artsdoctor
Tue Jul 19, 2016 6:46 pm
Forum: Investing - Theory, News & General
Topic: R.I.P. CIT Bank 3.25% brokered CD (called)
Replies: 49
Views: 4620

Re: R.I.P. CIT Bank 3.25% brokered CD (called)

However, if you've bought a non-callable CD on the secondary market at a premium, you are still on the hook for the premium if the bank goes under. For example, if you buy a 5-year $20,000 CD for $25,000 and the bank goes bust one year later, your FDIC guarantee is going to give you only $20,000. S...
by Artsdoctor
Tue Jul 19, 2016 6:38 pm
Forum: Personal Finance (Not Investing)
Topic: Preparing for the death of the stretch IRA by James Lange
Replies: 3
Views: 685

Re: Preparing for the death of the stretch IRA by James Lange

Very nice link to a clear synopsis. The possibility of a stretch being eliminated has been discussed ever since the legislation was brought forward, and it seems like relatively low-hanging fruit from a tax revenue perspective. For most people, I bet that paying the tax over 5 years will probably be...
by Artsdoctor
Mon Jul 18, 2016 7:53 pm
Forum: Investing - Theory, News & General
Topic: R.I.P. CIT Bank 3.25% brokered CD (called)
Replies: 49
Views: 4620

Re: R.I.P. CIT Bank 3.25% brokered CD (called)

^ Yes. Yield to worst, or yield to call, should include the coupon and the amortization. It is true that you would only get the par value back when called although your relatively high yield would offset that. However, if you've bought a non-callable CD on the secondary market at a premium, you are ...
by Artsdoctor
Mon Jul 18, 2016 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: Another Too-Much-House Thread....
Replies: 72
Views: 6613

Re: Another Too-Much-House Thread....

Cheego, A few thoughts. You have a nice salary, and I would have expected a little more in savings. However, I'm not sure what you mean by $900K in liquid assets (is this part of your retirement portfolio as well? hopefully not in a money market?). If your retirement portfolio is $1.9M split between...
by Artsdoctor
Mon Jul 18, 2016 8:10 am
Forum: Investing - Theory, News & General
Topic: Situation where earning $1 more will cost $2000 in taxes
Replies: 20
Views: 4033

Re: Situation where earning $1 more will cost $2000 in taxes

^ I believe that there is also a surcharge for Medicare Part D as well (prescription plan). So that added $1 will raise those premiums as well.
by Artsdoctor
Mon Jul 18, 2016 8:08 am
Forum: Investing - Theory, News & General
Topic: My Two Favorite Tax Free Bond Funds
Replies: 7
Views: 1441

Re: My Two Favorite Tax Free Bond Funds

There will be no income from the Vanguard fund that will be subjected to the AMT.

The Georgia fund is more than 4x as expensive as the national Vanguard fund. You might want to do the math on this one; any tax savings could be eaten my the fund's higher ER.
by Artsdoctor
Sun Jul 17, 2016 6:23 pm
Forum: Investing - Theory, News & General
Topic: My Two Favorite Tax Free Bond Funds
Replies: 7
Views: 1441

Re: My Two Favorite Tax Free Bond Funds

Two words of caution here. The Georgia fund is a bit "longer" than the Vanguard fund (both duration and maturity are greater), and the expense ratio of the Georgia fund is much higher than the Vanguard fund. You might find that you're paying more for the Georgia fund (in the form of the ex...
by Artsdoctor
Sun Jul 17, 2016 4:38 pm
Forum: Investing - Theory, News & General
Topic: Situation where earning $1 more will cost $2000 in taxes
Replies: 20
Views: 4033

Re: Situation where earning $1 more will cost $2000 in taxes

I got it now. Thank you. I thought LTCG is not added to MAGI. Thanks for sharing few other examples where earning an extra $1 can cost a lot more in taxes. If you don't have any carryover losses, all capital gains (long-term and short-term) are added to your AGI/MAGI. Another situation where earnin...
by Artsdoctor
Sun Jul 17, 2016 9:12 am
Forum: Investing - Help with Personal Investments
Topic: Safe Withdrawl Rate if you don't care about legacy
Replies: 21
Views: 2454

Re: Safe Withdrawl Rate if you don't care about legacy

^ It is true that traveling starts to trickle off, or at least that's what I've seen. I cannot speak to national averages, but just my own experiences. In late retirement, spending actually goes up again as things start to get hired out. The ability to garden is compromised so you pay a gardener. Th...
by Artsdoctor
Sat Jul 16, 2016 7:39 pm
Forum: Investing - Help with Personal Investments
Topic: 4% SWR for 30 years, what % for 15 years
Replies: 12
Views: 1297

Re: 4% SWR for 30 years, what % for 15 years

I'd think that somewhere in the 6-7% range, depending on your asset allocation?

The 15-year annuity is mentioned above. Take a look at the wiki as well, if you think you can adjust your withdrawal rate somewhat:

https://www.bogleheads.org/wiki/Variabl ... withdrawal
by Artsdoctor
Sat Jul 16, 2016 5:29 pm
Forum: Personal Consumer Issues
Topic: When traveling what do you use to bank online safely
Replies: 44
Views: 2425

Re: When traveling what do you use to bank online safely

^ I really try to take every precaution. It might sound a bit paranoid, but I was sitting in a mildly busy business class lounge at LAX, in a corner, specifically so no one could see me from behind. I used my iPhone as a hotspot (I have never used an airport wifi network in my life), and the hotspot...
by Artsdoctor
Sat Jul 16, 2016 5:21 pm
Forum: Investing - Theory, News & General
Topic: Why do people invest in Long Term Bonds now?
Replies: 44
Views: 4857

Re: Why do people invest in Long Term Bonds now?

Long-term bonds have had higher return and more risk than the intermediate-term bonds (in the form of Vanguard Total Bond Market Index Fund) that have been traditionally suggested in this forum. (I'll call these "traditional" bonds, which fulfill the function of a lower-risk anchor to win...
by Artsdoctor
Sat Jul 16, 2016 4:40 pm
Forum: Investing - Theory, News & General
Topic: Jason Zweig: Bonds Aren't as Wretched as They Seem
Replies: 13
Views: 2029

Re: Jason Zweig: Bonds Aren't as Wretched as They Seem

Yes, I enjoyed the column a lot. He's always a voice of reason.

And for those who are enamored of long-term bonds because of the (relatively) increased yield, I would definitely take a close look at this column.
by Artsdoctor
Sat Jul 16, 2016 4:37 pm
Forum: Investing - Help with Personal Investments
Topic: Safe Withdrawl Rate if you don't care about legacy
Replies: 21
Views: 2454

Re: Safe Withdrawl Rate if you don't care about legacy

My joke is that if only I knew how long I would live , then I could do proper financial planning. I'm 59, self employed therapist who won't be taking SS until 70, so plan to work until then. Aunts haven't lived past 95, but on the other hand I'm way more physically active than they were. Husband 59...
by Artsdoctor
Sat Jul 16, 2016 4:31 pm
Forum: Personal Consumer Issues
Topic: When traveling what do you use to bank online safely
Replies: 44
Views: 2425

Re: When traveling what do you use to bank online safely

I use a laptop while traveling (MacBook Air, which is extremely light). I use my iPhone as a hotspot for wifi, or I'll use a MiFi for my hotspot. The only problem using your phone for the hotspot is that it chews up the phone battery relatively quickly. Even this set-up is not foolproof. While acces...
by Artsdoctor
Sat Jul 16, 2016 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Part B Income Limits
Replies: 9
Views: 903

Re: Medicare Part B Income Limits

According to what I can find on-line, my Medicare part B premium will go up if my "income" is more than $85,000. What I can’t find is what exactly makes up that income level? Is it my Adjusted Gross Income? Is my total SS benefits included or just the taxable portion? What if I do some Ro...
by Artsdoctor
Thu Jul 14, 2016 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: After death, is an HSA still an HSA?
Replies: 22
Views: 3767

Re: After death, is an HSA still an HSA?

On one hand, a non-spouse beneficiary will get something. Depending on the size of the HSA, the tax bite could be small or large, depending on the income of the non-spouse beneficiary. On the other hand, it would seem like a waste. It's possible that the balance could be easily six digits and the be...
by Artsdoctor
Wed Jul 13, 2016 8:06 pm
Forum: Personal Finance (Not Investing)
Topic: HELOC for emergency and when you would use it
Replies: 32
Views: 2102

Re: HELOC for emergency and when you would use it

HELOCs are great sources of liquidity for those who have the majority of their assets tied up in their house and investments / retirement accounts. HELOCs have significant limitations as an emergency fund (though if free, few reasons not to set up). What will the bank do to your HELOC if you encoun...
by Artsdoctor
Wed Jul 13, 2016 8:00 pm
Forum: Investing - Help with Personal Investments
Topic: Should I fill taxable with International?
Replies: 9
Views: 850

Re: Should I fill taxable with International?

There have been a lot of terrific number-crunching threads on this but there are a few things you have to remember (and that you'll never really know until you're in the thick of it): Whatever math you do comparing the tax-efficiency of international funds this year may not apply to subsequent years...
by Artsdoctor
Wed Jul 13, 2016 3:28 pm
Forum: Investing - Theory, News & General
Topic: What if the fed never raises rates?
Replies: 23
Views: 3196

Re: What if the fed never raises rates?

The Fed will DEFINITELY raise interest rates. I absolutely guarantee it.

The question you should be asking is if you'll be alive when they do it.
by Artsdoctor
Wed Jul 13, 2016 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: Any wealthy bogleheads NOT use credit cards??
Replies: 88
Views: 4577

Re: Any wealthy bogleheads NOT use credit cards??

Interesting concept but I don't know how it'd be practical. At this point, there are everyday things that you can't even do anymore without a credit card (I can't even get out of the parking lot--no people and no cash allowed). You'd also be carrying around a lot of bills, which to me would be somew...
by Artsdoctor
Wed Jul 13, 2016 3:06 pm
Forum: Investing - Help with Personal Investments
Topic: Should I buy 10 year TIPS at auction in July?
Replies: 29
Views: 2001

Re: Should I buy 10 year TIPS at auction in July?

Artsdoctor- Definitely agree about not buying something you don't understand. Exploring TIPS (by The Financial Buff) is an excellent resource. Larry's books and bogleheads forum have also been very useful for me. I would be interested in hearing from critics with regards to the utility of a TIPS la...
by Artsdoctor
Wed Jul 13, 2016 12:17 am
Forum: Investing - Help with Personal Investments
Topic: Calculating annual withdrawals in retirement
Replies: 14
Views: 1261

Re: Calculating annual withdrawals in retirement

When you are in retirement and no longer contributing money to your funds, the main vehicles you should be using to house your money should be "safe" funds and securities that you would not expect loses of 7%, 10%, and 5%. What most of your investment portfolio should be comprised of in r...
by Artsdoctor
Tue Jul 12, 2016 10:33 pm
Forum: Investing - Help with Personal Investments
Topic: Should I buy 10 year TIPS at auction in July?
Replies: 29
Views: 2001

Re: Should I buy 10 year TIPS at auction in July?

I am concerned that real yield on ten year TIPS has recently gone negative: https://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield Why do TIPS seem so unpopular among Bogleheads now? Recency bias? Has inflation been slain for good? Nobody likes ...
by Artsdoctor
Tue Jul 12, 2016 7:12 pm
Forum: Investing - Help with Personal Investments
Topic: Should I buy 10 year TIPS at auction in July?
Replies: 29
Views: 2001

Re: Should I buy 10 year TIPS at auction in July?

Alex,

Several options. For TIPS, I usually look at the WSJ table but there are other sites as well:

http://online.wsj.com/mdc/public/page/2_3020-tips.html
by Artsdoctor
Tue Jul 12, 2016 5:49 pm
Forum: Investing - Help with Personal Investments
Topic: Calculating annual withdrawals in retirement
Replies: 14
Views: 1261

Re: Calculating annual withdrawals in retirement

There are many ways to do this. You'll find a lot of information in the Wiki section here, and Vanguard is loaded with information. One way of thinking of the Big Picture is listed here:

https://personal.vanguard.com/pdf/s823.pdf

You can also find a tremendous amount of information on Morningstar.
by Artsdoctor
Tue Jul 12, 2016 5:46 pm
Forum: Investing - Theory, News & General
Topic: Withdrawal strategies
Replies: 17
Views: 1351

Re: Withdrawal strategies

Halford, There is no generally accepted method. I've found it fascinating that the more I've learned, the more variability I see. Right when I think that there's an obvious way, I'll read an opinion from someone else who believes differently. Morningstar does an awful lot of research on this. There ...
by Artsdoctor
Tue Jul 12, 2016 4:54 pm
Forum: Investing - Help with Personal Investments
Topic: This portfolio appropriate for a 91 year old widow?
Replies: 26
Views: 2133

Re: This portfolio appropriate for a 91 year old widow?

She has $100,000 in CD's (presently in 10 different banks) and this $31,000 portfolio at Wells Fargo's Advisors: Screen shot: https://monosnap.com/file/SrRWyZtm3ZIWFMECycPKASXC168sMZ When I discussed her risk tolerance she said she has zero: "I worked very hard for this money and I don't want ...
by Artsdoctor
Mon Jul 11, 2016 4:13 pm
Forum: Investing - Theory, News & General
Topic: Conservative 3 Fund vs. Wellesley in Retirement
Replies: 2
Views: 402

Re: Conservative 3 Fund vs. Wellesley in Retirement

Any portfolio containing a reasonable amount of international exposure has suffered over the past several years when compared to funds with little to no exposure. You have to realize that you're comparing two separate portfolios here. With the three-fund portfolio, you might have an added tax benefi...
by Artsdoctor
Sat Jul 09, 2016 10:54 am
Forum: Investing - Theory, News & General
Topic: "Why most retirees will never spend down their portfolio" by Michael Kitces
Replies: 89
Views: 10617

Re: "Why most retirees will never spend down their portfolio" by Michael Kitces

Squabbling is happening regarding SPIAs vs lifetime annuities. Most retirees should want lifetime annuities. Mine, begun at age 63, are lifetime with a ten year guarantee. A fixed term SPIA makes sense infrequently. A ten year term definite SPIA might work for an early retiree from age 60 to 70, wh...
by Artsdoctor
Sat Jul 09, 2016 12:03 am
Forum: Investing - Theory, News & General
Topic: "Why most retirees will never spend down their portfolio" by Michael Kitces
Replies: 89
Views: 10617

Re: "Why most retirees will never spend down their portfolio" by Michael Kitces

Well, sure, technovelist, but wouldn't it be simpler all around to use the ordinary meanings of terms? PJW That's what I was trying to do. When someone on this board says "Buy an SPIA if you want to make sure you don't run out of money before you die", I assume that he/she means a life an...
by Artsdoctor
Fri Jul 08, 2016 7:18 pm
Forum: Investing - Help with Personal Investments
Topic: FUSEX daily return 7/8
Replies: 5
Views: 292

Re: FUSEX daily return 7/8

Rainier wrote:Ex dividend date?


Ex-dividend. Check the website.
by Artsdoctor
Fri Jul 08, 2016 6:59 pm
Forum: Investing - Theory, News & General
Topic: "Why most retirees will never spend down their portfolio" by Michael Kitces
Replies: 89
Views: 10617

Re: "Why most retirees will never spend down their portfolio" by Michael Kitces

Yes, since an SPIA allows you to spend all your money without either leaving any behind or running out... Just a comment for thought. I waited to purchase 3 SPIAs until I was 80 to 83. These are term certain policies. The payments we receive plus SS now cover all of our normal every year expenses. ...
by Artsdoctor
Thu Jul 07, 2016 2:08 pm
Forum: Investing - Theory, News & General
Topic: "Why most retirees will never spend down their portfolio" by Michael Kitces
Replies: 89
Views: 10617

Re: "Why most retirees will never spend down their portfolio" by Michael Kitces

By definition, you're going to have to leave SOMETHING behind. Otherwise, you'd have nothing before you die. All that said, most Bogleheads will have some contingency plan somehow. I think there are a lot of points to remember: Many people will begin spending cautiously in retirement because they ju...
by Artsdoctor
Thu Jul 07, 2016 1:47 pm
Forum: Personal Consumer Issues
Topic: Best way to use credit card points
Replies: 6
Views: 670

Re: Best way to use credit card points

I usually try to get 2.5 cents per point. To date, this usually translates to buying business class international travel. However, I'm pretty flexible with other opportunities.
by Artsdoctor
Thu Jul 07, 2016 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: Barclays savings account 1% APR
Replies: 25
Views: 2429

Re: Barclays savings account 1% APR

I also use Wells Fargo (for business) and Bank of America (for personal). Sometimes you need them (international exchange, wiring, medallion signature guarantee, just getting a large stack of $5 and $10 bills). However, I'd have to have a good reason for having a large balance in an account earning ...
by Artsdoctor
Thu Jul 07, 2016 1:34 pm
Forum: Investing - Help with Personal Investments
Topic: HSA - Can you withdraw from the HSA an amount equal to my past medical expenses?
Replies: 36
Views: 2882

Re: HSA - Can you withdraw from the HSA an amount equal to my past medical expenses?

This is kind of my thinking. I believe that I'll run through the value of the HSA pretty quickly in medical premiums, especially since I'd like to retire early. Caution: Aside from Medicare* and Long Term Care insurance premiums, most medical insurance premiums are NOT eligible to be reimbursed fro...
by Artsdoctor
Wed Jul 06, 2016 7:51 pm
Forum: Investing - Help with Personal Investments
Topic: HSA - Can you withdraw from the HSA an amount equal to my past medical expenses?
Replies: 36
Views: 2882

Re: HSA - Can you withdraw from the HSA an amount equal to my past medical expenses?

I've been saving HSA receipts for the last five years (haven't drawn down the HSA at all), and it didn't occur to me that the print might fade. This and the prospect of having to deal with this in my feebleness - or worse, leaving my spouse with a pile of receipts to deal with - led me to move to a...
by Artsdoctor
Tue Jul 05, 2016 7:25 pm
Forum: Investing - Help with Personal Investments
Topic: Wellington Portfolio
Replies: 34
Views: 3660

Re: Wellington Portfolio

Hey Guys, Need some advice on how to go about putting my portfolio together. I'm 38, I started my IRA Roth at Vanguard this year. I have $3000 in Wellington (VWELX) which I know is about 65/35 balanced fund. If I was going to keep this until I retire, what would other funds (ETFs or Mutual Funds) w...

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