Search found 3130 matches

by Dale_G
Fri Jan 18, 2019 7:41 pm
Forum: Investing - Theory, News & General
Topic: Ever heard of "Floating island" strategy?
Replies: 15
Views: 1306

Re: Ever heard of "Floating island" strategy?

Think I'll wait until I have 3 or 4 divorces - might be a long time - married to the same wife for 56 years.
by Dale_G
Thu Jan 17, 2019 10:57 pm
Forum: Personal Finance (Not Investing)
Topic: IRS to lower 2018 safe harbor withholding threshold to 85% [2018 only]
Replies: 19
Views: 2123

Re: IRS to lower 2018 safe harbor withholding threshold to 85% [2018 only]

Oh woe! No help for the poor folks who have to withhold 110%.
by Dale_G
Thu Jan 17, 2019 10:33 pm
Forum: Investing - Theory, News & General
Topic: When would you stop being a Boglehead?
Replies: 87
Views: 6432

Re: When would you stop being a Boglehead?

My situation is simple, so asset management wouldn't be a problem. Add another 1 or 2 zeros to my present holdings and I would be good to go. No need for estate planning or fancy tax work.

The challenge would be life style creep and all of the work that would entail.

Dale
by Dale_G
Wed Jan 16, 2019 6:11 pm
Forum: Personal Finance (Not Investing)
Topic: Have I Now Become Out of Touch Financially? Aging question...
Replies: 104
Views: 10206

Re: Have I Now Become Out of Touch Financially? Aging question...

Coastal California is definitely out of touch. That 1,600 square foot house would go from $70-$90 a square foot in most of fly-over country. But phx is out of touch - and so am I. I'm from the era when bread was 10 cents a loaf and milk was 10 cents a quart. I don't know what ice cost, but the guy w...
by Dale_G
Tue Jan 15, 2019 6:11 pm
Forum: Investing - Theory, News & General
Topic: Timing the (Bond) Market
Replies: 4
Views: 395

Re: Timing the (Bond) Market

I hold bonds for the long term. My bond holdings are 121 times larger than the cash holdings - including the checking account.

Timing the bond market doesn't seem to work any better than timing the stock market.

Dale
by Dale_G
Tue Jan 15, 2019 3:50 pm
Forum: Investing - Theory, News & General
Topic: Wrong about international bonds?
Replies: 26
Views: 2466

Re: Wrong about international bonds?

No. Bonds are for safety. Why would you want to take on currency risk in your safe assets? Or do you want to incur the added cost of currency hedging instead?
Looks like the currency hedging is pretty cheap.

Dale
by Dale_G
Mon Jan 14, 2019 3:02 pm
Forum: Investing - Help with Personal Investments
Topic: More capital loss carryovers than can use in lifetime
Replies: 30
Views: 4085

Re: More capital loss carryovers than can use in lifetime

Are there any investment strategies that you would suggest to someone who has more capital loss carryovers than they can use in their lifetime? (i.e. offsetting $3K of ordinary income each year)? This is a 30% stocks / 70% bonds investor with most of the assets held in taxable. Investments that gen...
by Dale_G
Sun Jan 06, 2019 5:28 pm
Forum: Personal Finance (Not Investing)
Topic: Tax liability question
Replies: 8
Views: 722

Re: Tax liability question

You should be happy. The roth conversion will be effectively taxed at 12%. The $6,000 windfall is marginal income and it will be taxed at 22%. I'm not sure what the effect of taxes on SS may be if you are collecting, but you still have more money than if you did not get the check. I converted Tradit...
by Dale_G
Thu Jan 03, 2019 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella Policy: Right amount for $7 mil net worth?
Replies: 103
Views: 15502

Re: Umbrella Policy: Right amount for $7 mil net worth?

My 1 million umbrella policy is a small fraction of assets at risk. I have the impression that a suit for a million dollars or so gets the attention of my insurance companies and they will put on a proper defense. I only have the umbrella so I don't have to mess around with lawyers. Not that lawyers...
by Dale_G
Tue Jan 01, 2019 9:28 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Bond Funds Purchase Fee
Replies: 9
Views: 3067

Re: Vanguard Bond Funds Purchase Fee

...... while a purchase fee is not imposed on reinvested dividends, since those reinvestments do not affect the fund's need to purchase or sell Neglecting net purchases or redemptions, I'm sure the fund has to purchase more bonds with the interest payments received from the bonds if the fund invest...
by Dale_G
Sun Dec 30, 2018 11:49 pm
Forum: Investing - Help with Personal Investments
Topic: var annuity fell below tefra cost basis
Replies: 4
Views: 474

Re: var annuity fell below tefra cost basis

There will be no taxes due and no penalty. You will receive a 1099-R.

But, did you have a good reason to buy the annuity in the first place? And did you intend to hold it for a long time?

If so, I wouldn't be in a hurry to surrender it just because of a small loss.

Dale
by Dale_G
Sun Dec 30, 2018 12:42 am
Forum: Investing - Theory, News & General
Topic: Large Fund Exchange on a Single Day?
Replies: 9
Views: 745

Re: Large Fund Exchange on a Single Day?

Thanks for the list jhf. I knew there were large trade limitations, but I am a little surprised at how low some of them are. I have received "pop-ups" in the past that exchanges may not be executed because of the size, but I have always placed large trades early in the day and all have been honored....
by Dale_G
Thu Dec 27, 2018 11:32 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Personal Rate of Return 10 years 12/01/2008 - 12/26/2018
Replies: 7
Views: 1505

Re: Vanguard Personal Rate of Return 10 years 12/01/2008 - 12/26/2018

10 yr .......8.5%
5 yr ........6.6%
1 yr ........0.6%

However, if I look in the upper left corner of the page, it says that the info is through 12/26/18 - and the December dip is clearly shown.
If I switch from the chart view to the table view, the December damage is all too clear.

Dale
by Dale_G
Wed Dec 26, 2018 11:51 pm
Forum: Personal Finance (Not Investing)
Topic: Student Loan, Inheritance Situation
Replies: 16
Views: 1452

Re: Student Loan, Inheritance Situation

Should I lump sum disperse my inherited IRA ($300,000, $180,000 post-tax)
I think the OP may have meant that after paying 40% taxes on the 300K that he would have 180K after tax.

Dale
by Dale_G
Tue Dec 25, 2018 1:01 am
Forum: Investing - Help with Personal Investments
Topic: RMD re-investing into taxable account?
Replies: 6
Views: 659

Re: RMD re-investing into taxable account?

It is easy. If you want to take an RMD from any fund in the IRA, just do an "exchange" from that fund into any existing or any new fund (assuming you meet the minimum investment" in your taxable account. If you need to pay any taxes on the RMD, you can have the taxes withheld from the RMD. Take your...
by Dale_G
Mon Dec 24, 2018 10:11 pm
Forum: Investing - Help with Personal Investments
Topic: Massive losses; what if I die [before offsetting the losses]?
Replies: 55
Views: 7004

Re: Massive losses; what if I die?

I am going to have to live to about 141 in order to use up losses carried over from 2008/2009. The $3,000 limit applies equally to MFJ and single filers, and my wife may live longer than me - so who knows. I still tax loss harvest, but I take my sweet time about it. No hurry. The current $3,000 limi...
by Dale_G
Sun Dec 23, 2018 1:09 am
Forum: Investing - Theory, News & General
Topic: Begin loading the “Elephant Gun”?
Replies: 26
Views: 5128

Re: Begin loading the “Elephant Gun”?

Great Idea - my questions are:

1. Have you been through a 35% decline before?
2. Are you going to sell the properties now and wait for the 35% decline?
3. Are you going to wait for the 35% decline and then sell the properties?
4. If number two, what will you do if the decline is only 30%?
Dale
by Dale_G
Sun Dec 16, 2018 10:57 pm
Forum: Investing - Help with Personal Investments
Topic: Passing assets to next generation, best way !!!
Replies: 23
Views: 1229

Re: Passing assets to next generation, best way !!!

Simple for us. The heirs are more than self sufficient. We do make xx,000 gifts each year, but assets are best passed via TOD accounts with a stepped up basis.

Dale
by Dale_G
Thu Dec 13, 2018 4:21 pm
Forum: Investing - Help with Personal Investments
Topic: IRA withdrawal in addition to RMD?
Replies: 7
Views: 464

Re: IRA withdrawal in addition to RMD?

(1) Yes it really depends on the tax issues and your personal situation. (2) Converting it to a Roth could be a no brainer. The Roth umbrella allow growth and distribution without further tax. Note that you have to have add a Roth for 5 years before withdrawals are free from tax. Actually, contribu...
by Dale_G
Thu Dec 13, 2018 1:51 am
Forum: Investing - Help with Personal Investments
Topic: Investment restriction
Replies: 3
Views: 367

Re: Investment restriction

No, the restriction does not apply to dividends that are set to be reinvested. Not to worry.

Dale
by Dale_G
Wed Dec 12, 2018 12:10 am
Forum: Personal Finance (Not Investing)
Topic: Has anyone been able to execute a Power of Attorney with Vanguard?
Replies: 28
Views: 1773

Re: Has anyone been able to execute a Power of Attorney with Vanguard?

These POA threads occur from time to time - and I am curious what sorts of things a POA would authorized in addition to those granted by Vanguard's "Full Authority". Or is the POA intended to be more than Limited Authority but exclude items in the Full authority list? Full authority Your grantee wil...
by Dale_G
Mon Dec 10, 2018 3:39 pm
Forum: Investing - Theory, News & General
Topic: Updated Vanguard Estimated Year-End Distributions (Div & CG)
Replies: 58
Views: 5111

Re: Updated Vanguard Estimated Year-End Distributions (Div & CG)

In previous years the actual income dividend payouts have tended to be 5%-10% higher than the estimated payouts. I don't think Vanguard is counting all of the potential chickens before they hatch.

Dale
by Dale_G
Fri Dec 07, 2018 2:53 pm
Forum: Investing - Help with Personal Investments
Topic: Harvesting a capital loss and what to do next?
Replies: 11
Views: 1001

Re: Harvesting a capital gains loss and what to do next?

Invest all at once. If the bond fund goes down after your reinvestment, tax loss harvest again.

Better yet, find a similar but not substantial identical fund and invest in that fund immediately on selling the first fund.

Dale
by Dale_G
Wed Dec 05, 2018 10:44 am
Forum: Personal Finance (Not Investing)
Topic: Managing ACA income with a Vanguard Variable Annuity
Replies: 17
Views: 1455

Re: Managing ACA income with a Variable Annuity

... snip ... And any distributions in the first few years will also have a surrender fee schedule. Vanguard annuities do not have surrender fees. I bonds do make sense, but limitations on the purchase amount won't help the OP much. If the OP intends to use bonds in the VA I think the VA makes perfe...
by Dale_G
Fri Nov 30, 2018 9:49 pm
Forum: Personal Finance (Not Investing)
Topic: Help me understand "Payout Rate" for an Annuity
Replies: 58
Views: 3404

Re: Help me understand "Payout Rate" for an Annuity

Boy, am I missing something here? You're giving them 500k. There paying you 43k a year on this money. At the end of 15 years, they will have paid you (or your heirs) 645k. You're making 145k on 500k over 15 years . That's $9600 per year. That's, to be kind, not a good deal for you. Yes, you are mis...
by Dale_G
Fri Nov 30, 2018 9:48 pm
Forum: Personal Finance (Not Investing)
Topic: Help me understand "Payout Rate" for an Annuity
Replies: 58
Views: 3404

Re: Help me understand "Payout Rate" for an Annuity

Boy, am I missing something here? You're giving them 500k. There paying you 43k a year on this money. At the end of 15 years, they will have paid you (or your heirs) 645k. You're making 145k on 500k over 15 years . That's $9600 per year. That's, to be kind, not a good deal for you. Yes, you are mis...
by Dale_G
Thu Nov 29, 2018 9:32 pm
Forum: Investing - Theory, News & General
Topic: Where do the losses in HY show up? [High Yield bonds]
Replies: 63
Views: 5116

Re: Where do the losses in HY show up?

Not really a question, but restingonmylaurals is looking for info: .... Wanting to see evidence of this ...... that the credit losses offset the higher yields of HY. There isn't much evidence of this over the span of the last 10-15 years in Vanguard's High Yield bond fund, but capital losses due to ...
by Dale_G
Thu Nov 29, 2018 8:53 pm
Forum: Investing - Help with Personal Investments
Topic: Father seeking advice: how to support?
Replies: 9
Views: 1275

Re: Father seeking advice: how to support?

Good catch by BL. Take your time ecotone. Ohio National cut out the middlemen, so the advisor may not be happy. It still isn't clear that actually dad received a buyout offer (edit) , but whether that is advisable or not depends on his age, health, whether the contract has been annuitized and whethe...
by Dale_G
Thu Nov 29, 2018 6:16 pm
Forum: Investing - Help with Personal Investments
Topic: Father seeking advice: how to support?
Replies: 9
Views: 1275

Re: Father seeking advice: how to support?

ecotone, forgetting the other matters, is it correct that your dad is currently getting payments from this annuity? It is a bit unusual, but sometimes Insurance companies with annuities paying out at greater than market interest rate do offer buyouts. If the annuity is paying out at greater than the...
by Dale_G
Wed Nov 28, 2018 9:10 pm
Forum: Investing - Help with Personal Investments
Topic: TLH (tax loss harvest) Question when TLH Partner Gains
Replies: 6
Views: 619

Re: TLH (tax loss harvest) Question when TLH Partner Gains

If you don't mind a very small amount of additional complexity, put the new money into Total International (VTIAX). Sometimes you get to make a round trip - sometimes you don't. In my taxable account I hold both Total International and the FTSE All World ex-US funds. My wife holds both Total Interna...
by Dale_G
Wed Nov 14, 2018 10:04 pm
Forum: Investing - Help with Personal Investments
Topic: Northwestern Mutual nightmare - help needed
Replies: 55
Views: 5184

Re: Northwestern Mutual nightmare - help needed

Good that you caught on early Zelda. On the annuity: It is unlikely that you will have much in the way of gains after deducting the surrender charge, so any taxes are likely to be negligible. The surrender fee could be as much as $3,500, but if you put the money toward the student loans, the payback...
by Dale_G
Mon Nov 12, 2018 12:46 am
Forum: Investing - Theory, News & General
Topic: What's Your Fixed Income Strategy?
Replies: 89
Views: 8910

Re: What's Your Fixed Income Strategy?

I can see that I am an outlier here. Retired 17 years. 74% equities and 26% fixed income. 27% junk and Emerging Markets 24% munis - intermediate, long term and high yield 5% I bonds (a moment of weakness years ago :D ) 44% investment grade bonds The dollar weighted duration is 6.3 years The philosop...
by Dale_G
Sun Nov 11, 2018 8:12 pm
Forum: Personal Finance (Not Investing)
Topic: Kids Inheritance - Lump Sum or SWR?
Replies: 13
Views: 1280

Re: Kids Inheritance - Lump Sum or SWR?

The kids are in their 50s - so lump sums. If they are not adults now, they never will be.

I confess however, that it has been the same way for the last 30 years.

Dale
by Dale_G
Thu Nov 08, 2018 12:01 am
Forum: Investing - Theory, News & General
Topic: Is VXUS better than VEA/VWO?
Replies: 8
Views: 2723

Re: Is VXUS better than VEA/VWO?

snip .... VXUS != VEA + VWO I would use only 1 fund. The rebalancing is automatic and free. You don't see a lot of people reconstructing a total market fund by using 9 funds of Small/Mid/Large Value/Blend/Growth either. The Total International fund does not rebalance to keep developed and emerging ...
by Dale_G
Sun Nov 04, 2018 10:54 pm
Forum: Investing - Theory, News & General
Topic: Buffett Repurchases More Than $900 Million of Stock: is the stock market overpriced?
Replies: 10
Views: 2876

Re: Buffett Repurchases More Than $900 Million of Stock: is the stock market overpriced?

I am bumping up against the next IRMAA cliff, so I am accumulating BRK.b shares. We'll see how that pans out.

Dale
by Dale_G
Mon Oct 29, 2018 11:09 pm
Forum: Investing - Help with Personal Investments
Topic: Non qualified deferred compensation plan advice
Replies: 5
Views: 513

Re: Non qualified deferred compensation plan advice

I participated in a similar plan and contributed up to 70% of my salary. But, I began only about 6 years before my planned retirement date. I opted for the 15 year payout. Great deal, I avoided taxes at about 42% on the deferral and paid 25%-28% on the withdrawals. However, after about 8 years of pa...
by Dale_G
Mon Oct 29, 2018 12:47 am
Forum: Investing - Help with Personal Investments
Topic: tax loss harvest covered(long term) losses
Replies: 1
Views: 284

Re: tax loss harvest covered(long term) losses

Yes, take the long term losses as well as the short term. And your trading partners will work well.

Dale
by Dale_G
Sun Oct 28, 2018 12:31 am
Forum: Investing - Theory, News & General
Topic: Being true to my IPS, or violating it?
Replies: 22
Views: 2063

Re: Being true to my IPS, or violating it?

Carbonate, we don't know what your experience and level of knowledge was when you wrote your IPS two years ago. But assuming you are a relatively new investor - or one that has been hands-off for some time, I would consider your IPS to be a first draft. You have two more years of experience under yo...
by Dale_G
Sat Oct 27, 2018 8:00 pm
Forum: Investing - Help with Personal Investments
Topic: Funding stock purchase
Replies: 7
Views: 449

Re: Funding stock purchase

nesdog, my taxable brokerage account is a margin account. I place orders without any funds in the settlement account. There are other marginable securities in the account. If my check or bank transfer don't show up by the settlement date, I would pay a tiny bit of interest. It hasn't happened so far...
by Dale_G
Fri Oct 26, 2018 11:40 pm
Forum: Investing - Theory, News & General
Topic: Experience with transferring specific lots in-kind (not the full account)
Replies: 15
Views: 1080

Re: Experience with transferring specific lots in-kind

Mike, do you want to sell all of the lots of a fund - or only some specific lots?
by Dale_G
Fri Oct 26, 2018 11:13 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA earned income qualifying period
Replies: 9
Views: 920

Re: Roth IRA earned income qualifying period

I am surprised that no one has mentioned this yet. In order to contribute to an IRA you must have earned income. Selling your personal property does not qualify as earned income. From the IRS: Taxable earned income includes:Wages, salaries, tips, and other taxable employee pay; Union strike benefits...
by Dale_G
Thu Oct 25, 2018 12:51 am
Forum: Investing - Help with Personal Investments
Topic: Reaction to Market
Replies: 71
Views: 7779

Re: Reaction to Market

If "paper losses" make people feel better, so be it. I mark to market and my losses were real losses.

There is the story of the guy at the track who watched his horse come in dead last. Asked how much he lost, he looked at his betting slip and said, "It's only a paper loss".

Dale
by Dale_G
Wed Oct 24, 2018 4:59 pm
Forum: Investing - Help with Personal Investments
Topic: Why does TD list a wash sale adjustment?
Replies: 10
Views: 510

Re: Why does TD list a wash sale adjustment?

There is no need to do "report" any "wash" info to the IRS. The 1099 issued by the broker will show the correct loss for the sum of the two sales.

Dale
by Dale_G
Mon Oct 22, 2018 4:56 pm
Forum: Investing - Help with Personal Investments
Topic: Administrator incorrectly followed order, now what?
Replies: 3
Views: 532

Re: Administrator incorrectly followed order, now what?

What does this part mean?
Put in the order (not able to do online) via fax to agent on 10/2.
Incorrectly done, but no notification right away (no email etc).
It isn't clear what "incorrectly done" means, but if you made the mistake, do you expect someone to "correct" it retroactively?

Dale
by Dale_G
Sun Oct 21, 2018 3:02 pm
Forum: Investing - Help with Personal Investments
Topic: Bond Funds High Tax Rate
Replies: 4
Views: 538

Re: Bond Funds High Tax Rate

Bonds in tax deferred would have a higher long term return if you are able to withdraw the funds in a much lower tax bracket. If you will remain in an upper bracket at RMD time you will pay ordinary income tax rate on all of the return.

Municipal bonds in taxable are probably better.

Dale
by Dale_G
Sat Oct 20, 2018 11:17 pm
Forum: Investing - Help with Personal Investments
Topic: Getting rid of legacy annuity?
Replies: 4
Views: 634

Re: Getting rid of legacy annuity?

It is always good to simplify, especially if you end up saving money by doing so. But: What is the "guaranteed" rate on annuization? Because you have no gains, it is likely that this is a newer annuity, but older Vanguard annuities had guaranteed rates of 4% and more - on annuitization . The guarant...
by Dale_G
Thu Oct 18, 2018 10:49 pm
Forum: Investing - Help with Personal Investments
Topic: Bond Funds High Tax Rate
Replies: 4
Views: 538

Re: Bond Funds High Tax Rate

Miami, since you bought the taxable bond funds only a few day ago, you may have a very small short term capital gain or loss. The odds are that any tax cost will be negligible compared to continuing with the taxable bonds.

Dale
by Dale_G
Wed Oct 17, 2018 4:23 pm
Forum: Investing - Help with Personal Investments
Topic: Weird cost basis after converting VTIAX to VXUS
Replies: 4
Views: 591

Re: Weird cost basis after converting VTIAX to VXUS

Vanguard has adjusted the prices of each lot of the VXUS shares to correspond to the same dollar amount of each tax lot that you paid for the VTIAX shares.

Nothing unusual here.

Dale
by Dale_G
Tue Oct 16, 2018 7:20 pm
Forum: Personal Finance (Not Investing)
Topic: how to buy parents a house in Florida (with cash)
Replies: 8
Views: 1324

Re: how to buy parents a house in Florida (with cash)

The homestead exemption is only available for owner occupied homes. I don't know what the rules are for a minority ownership, but surely your folks would need to be on the deed.

The county tax appraiser's office can answer your question.

Dale