Search found 2712 matches

by Dale_G
Wed Sep 28, 2016 9:22 pm
Forum: Investing - Help with Personal Investments
Topic: Administrative activities take months at Vanguard
Replies: 10
Views: 915

Re: Administrative activities take months at Vanguard

If Vanguard is taking 30 days to do routine stuff, it means they are having serious growing pains. Fortunately, I haven't experienced any problems, but I am a low maintenance client. With respect to the taxable accounts, call Fidelity so they "pull" accounts from Vanguard rather than try t...
by Dale_G
Wed Sep 28, 2016 8:39 pm
Forum: Investing - Help with Personal Investments
Topic: Placement of bonds in my portfolio
Replies: 3
Views: 373

Re: Placement of bonds in my portfolio

Put the bonds in your 401k. Why? The bonds are likely to have lower returns than equities, so 10 years or 20 years from now the number of dollars in the 401k will be lower with bonds than with equities. You are paying an exorbitant 1.45% on the total value of the 401k. It is much better to have the ...
by Dale_G
Wed Sep 28, 2016 1:35 pm
Forum: Investing - Theory, News & General
Topic: Why are tax-exempt money market yields so high?
Replies: 11
Views: 1404

Re: Why are tax-exempt money market yields so high?

Interesting. For August the distribution yield of VMSXX was 0.39% (= $.00033 dividend) and the SEC rate was 0.63%. At least part of the reason higher SEC yield is that the NAV of the fund was $1.0001. The SEC yield accounts for that extra $0.0001 being "returned" as the investment mature s...
by Dale_G
Tue Sep 27, 2016 11:12 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Vanguard Management
Replies: 16
Views: 1457

Re: Help with Vanguard Management

I agree, there is a misunderstanding. In the "upgraded account" it is certainly possible to have dividends directed to the Federal MM settlement fund. I just did a "test" to verify that it works in my brokerage IRA. I suggest the OP take a deep breath and take a fresh look. Dale
by Dale_G
Fri Sep 23, 2016 3:21 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Location Withdrawal Question
Replies: 12
Views: 1023

Re: Asset Location Withdrawal Question

That's interesting. Were you reinvesting dividends in the taxable or spending them? Were you spending any capital gains in taxable ? Thanks No, I did not spend dividends or gains from the taxable account. The forced distributions from the tax deferred accounts (traditional IRA + deferred compensati...
by Dale_G
Thu Sep 22, 2016 10:48 pm
Forum: Investing - Help with Personal Investments
Topic: Elderly In-Laws' Allianz MasterDex Annuity maturing in two weeks - how do I get them out?
Replies: 7
Views: 554

Re: Elderly In-Laws' Allianz MasterDex Annuity maturing in two weeks - how do I get them out?

Enjoying - get a copy of the contract. If the in-laws don't have it, then have them request a copy from Allianz. Look for the "guaranteed rate" for annuitization. The in-laws are of an age where annuitization for life (if they can use the money) or for a fixed term with the remainder to be...
by Dale_G
Thu Sep 22, 2016 10:09 pm
Forum: Investing - Help with Personal Investments
Topic: Elderly In-Laws' Allianz MasterDex Annuity maturing in two weeks - how do I get them out?
Replies: 7
Views: 554

Re: Elderly In-Laws' Allianz MasterDex Annuity maturing in two weeks - how do I get them out?

I am sorry that I cannot be of much help. I haven't been able to find a copy of the contract/prospectus for this annuity - just Allianz sales propaganda. Apparently your parents in-laws are coming up on the 10th year anniversary. It looks like they have the option of taking a lump sum, various annui...
by Dale_G
Tue Sep 20, 2016 3:33 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Location Withdrawal Question
Replies: 12
Views: 1023

Re: Asset Location Withdrawal Question

... snip... Is there a risk that you get into a situation where your IRA is being spent down and your taxable is growing very fast so you have to eventually start buying bonds in your taxable to maintain your asset allocation ? I don't think of it as a risk, but I had the experience. I retired in O...
by Dale_G
Tue Sep 20, 2016 12:11 am
Forum: Investing - Help with Personal Investments
Topic: About Vanguard advisors: opinions, thoughts?
Replies: 15
Views: 1334

Re: About Vanguard advisors: opinions, thoughts?

... snip ... we ultimately decided on the lowest percentage of international and guess will know in the future whether this was the correct decision for us. Does this mean that PAS will let you choose the percentage of international? It sounds like they will accept some minimum percentage of the eq...
by Dale_G
Sun Sep 18, 2016 5:17 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Core Bond Fund
Replies: 51
Views: 4675

Re: Vanguard Core Bond Fund

Note also that:
Short-Term Reserves -2.5%
So there is some derivative stuff going on.

I own the fund. When you choose active management that is what you get :D

Dale
by Dale_G
Sat Sep 17, 2016 9:05 pm
Forum: Investing - Help with Personal Investments
Topic: Annuitize?
Replies: 6
Views: 916

Re: Annuitize?

Hi midway. Please filter the information you are given in this thread. Some of it is ... not very appropriate. So, you have an older Vanguard annuity. At the time it was issued, market interest rates were significantly higher than today, so your contract has an guaranteed 4% (actual) rate of return ...
by Dale_G
Sat Sep 17, 2016 8:33 pm
Forum: Investing - Help with Personal Investments
Topic: What questions should I ask before I surrender this annuity?
Replies: 13
Views: 1234

Re: What questions should I ask before I surrender this annuity?

jbin - the federal 10% penalty only applies to the the 2k appreciation - so about $200. When you cash in the contract, that 2k gain will be taxable by the fed at your ordinary tax rate - Colorado will also want their share.

Dale
by Dale_G
Fri Sep 16, 2016 5:41 pm
Forum: Investing - Theory, News & General
Topic: Nisiprius Investments Unveils New MDF Factor-Based Fund
Replies: 44
Views: 2988

Re: Nisiprius Investments Unveils New MDF Factor-Based Fund

You could improve the expected performance of the fund by shorting small growth and adding some commodities. I am surprised that your crack team did not pick up on that.

What is the load?

Dale
by Dale_G
Thu Sep 15, 2016 12:06 am
Forum: Investing - Theory, News & General
Topic: market timing
Replies: 41
Views: 2379

Re: market timing

star, I began investing with semi-serious money beginning in 1982 when the S&P 500 was about 120. Most of my investments were made when people thought the market was richly valued - and since I made regular contributions to my accounts, I often made purchases at "new highs" after long ...
by Dale_G
Wed Sep 14, 2016 11:47 pm
Forum: Investing - Theory, News & General
Topic: An "out of sample" test of two specific factor-based portfolios published pre-2008
Replies: 76
Views: 5055

Re: An "out of sample" test of two specific factor-based portfolios published pre-2008

Now some funds might have better designs (might be opinions) or provide more exposure than others, but every investor can implement if they like on their own a well diversified factor based portfolio Larry I assume these better designs are based on still more refined back testing - maybe even some ...
by Dale_G
Wed Sep 14, 2016 11:14 pm
Forum: Investing - Help with Personal Investments
Topic: Met life Modified Annunity Contract
Replies: 21
Views: 1659

Re: Met life Modified Annunity Contract

Commissions are relatively low for most SPIAs, but as informal said, most sellers hide the commission by building it into a lower payout schedule. Assuming equal rating of the insurance companies what counts is the payout per $100K or whatever you shell out. Vanguard is just being upfront about the ...
by Dale_G
Wed Sep 14, 2016 2:50 pm
Forum: Investing - Theory, News & General
Topic: Exodus from Money Market Funds?
Replies: 24
Views: 2986

Re: Exodus from Money Market Funds?

My wife and I have both brokerage and mutual fund taxable accounts at Vanguard - and I am not about to voluntarily "convert" to all brokerage. So we each have a Prime account and a Federal settlement account in taxable. Mutual fund dividends go to Prime and the ETF dividends go to the Fede...
by Dale_G
Tue Sep 13, 2016 8:52 pm
Forum: Investing - Help with Personal Investments
Topic: Met life Modified Annunity Contract
Replies: 21
Views: 1659

Re: Met life Modified Annunity Contract

I'd be interested in the name of the insurance contract/insurance company you are considering moving to. Before you move you, you should check the guaranteed rate (on annuitization) of your Vanguard Annuity. About 4 years ago I annuitized two Vanguard Variable annuities for fixed terms of 10 and 23 ...
by Dale_G
Tue Sep 13, 2016 7:49 pm
Forum: Personal Finance (Not Investing)
Topic: What shape is your net worth curve?
Replies: 44
Views: 5062

Re: What shape is your net worth curve?

Exponential with some bumps and dips along the way on a linear scale - pretty much a straight line on a log scale. I retired in October 2001. From August 31, 2001 through August of 2016 cagr = 5.1%.

Thank you Mr. Market.

Dale
by Dale_G
Tue Sep 13, 2016 5:49 pm
Forum: Investing - Help with Personal Investments
Topic: Mutual fund tax worries.
Replies: 5
Views: 422

Re: Mutual fund tax worries.

If invested in something like Total Stock Market, the dividends on a $100,000 investment will be about $2,000. The Total Stock Market fund dividends are 100% qualified - which means your maximum tax rate will be 15% = $300. If you have no other income the tax rate will be zero. Don't put the tax hor...
by Dale_G
Tue Sep 13, 2016 5:38 pm
Forum: Investing - Help with Personal Investments
Topic: Met life Modified Annunity Contract
Replies: 21
Views: 1659

Re: Met life Modified Annunity Contract

If the annuity contract increases in value 3% per year after expenses I would keep it and consider it part of my bond holdings. I am assuming the policy has pretty standard terms for annuitizing. If the 3% is before expenses, that is a different matter and it depends on the expenses of the annuity. ...
by Dale_G
Sun Sep 11, 2016 11:39 pm
Forum: Investing - Theory, News & General
Topic: The Fidato Group (retirement seminar)
Replies: 23
Views: 1819

Re: The Fidato Group (retirement seminar)

This initial sales pitch (maybe soft sell) is to get you to sign up for individual counseling. That is when the real sales pitch will start. snip ...You have the right to say no at anytime. Are you weak enough not attend? or are you strong enough to say no? And is your method to get to retirement or...
by Dale_G
Sun Sep 11, 2016 11:14 pm
Forum: Investing - Theory, News & General
Topic: An "out of sample" test of two specific factor-based portfolios published pre-2008
Replies: 76
Views: 5055

Re: An "out of sample" test of two specific factor-based portfolios published pre-2008

Thank you Nisiprius. We need to revisit this in another 5, 10 and 20 years. It was kind of you not to adjust the returns of portfolio 3 due to advisor fees.

Dale
by Dale_G
Fri Sep 09, 2016 11:03 pm
Forum: Investing - Theory, News & General
Topic: Everything down today - except Junk!
Replies: 17
Views: 2281

Re: Everything down today - except Junk!

Boo-hoo - Google sheets initially lied to me. Oh well! So everything was down. I didn't want that new Mercedes anyway.:D

Dale
by Dale_G
Fri Sep 09, 2016 10:23 pm
Forum: Investing - Theory, News & General
Topic: Everything down today - except Junk!
Replies: 17
Views: 2281

Everything down today - except Junk!

I own 14 funds/ETFs (I like variety on the bond side) and everything was down today except for VWEAX (junk) which was flat. Sometimes junk marches to it's own drummer and today it was neither stock or bond. :twisted: If truth be known, the fund assets were probably down today, but because of the low...
by Dale_G
Fri Sep 09, 2016 9:52 pm
Forum: Investing - Theory, News & General
Topic: When is Ex-Dividend Date (VTI/VXUS)?
Replies: 11
Views: 1055

Re: When is Ex-Dividend Date (VTI/VXUS)?

I don't think I have ever seen the ex-date or the amount of the dividend posted on the declaration date. It is always available the day following the declaration date. Maybe the declaration is actually made a few seconds before midnight on "D" day. :D And Vanguard sez Each fund's per-share...
by Dale_G
Fri Sep 09, 2016 2:37 pm
Forum: Investing - Help with Personal Investments
Topic: Extra money in acct
Replies: 11
Views: 540

Re: Extra money in acct

Logged into my vanguard acct today, and it was showing an extra $500k in the acct. It was a bug in the individual bonds that I own. I thought about trying to sell it... what would you do? Old New England saying, "He who sells what isn't his'n, either pays it back or goes to prison." Enjoy...
by Dale_G
Thu Sep 08, 2016 9:40 pm
Forum: Investing - Help with Personal Investments
Topic: Is my financial adviser expensive? Can I improve my portfolio?
Replies: 37
Views: 3854

Re: Is my financial adviser expensive? Can I improve my portfolio?

Yes, your fees are high - really high in my book. You are paying somewhere north of 1.5% in advisor fees + expense ratios. I pay 0.08% or about 1/20th of your combined expenses on a percentage basis. Take a moment to think about your Roth IRA. 17 funds/stocks. I am not suggesting that any of these a...
by Dale_G
Mon Sep 05, 2016 12:10 am
Forum: Investing - Help with Personal Investments
Topic: Hold all my stock funds only in IRA & Roth accounts?
Replies: 9
Views: 970

Re: Hold all my stock funds only in IRA & Roth accounts?

John, the important question is what is your federal marginal tax bracket - and what will it be after you retire. If you are in the 25% or higher tax federal bracket it is generally much better to hold equities in the taxable account rather than in a traditional IRA. Post your federal tax rate and y...
by Dale_G
Fri Sep 02, 2016 11:18 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Core Bond Fund
Replies: 51
Views: 4675

Re: Vanguard Core Bond Fund

I bought some VCOBX last March. I know the bond market is very efficient, but I suspect the VCOBX managers will be able to overcome the 9 BP expense ratio advantage of Total Bond market - at least as long as asset bloat doesn't ruin the party. While TBM is an index fund, the fund managers do not hol...
by Dale_G
Thu Sep 01, 2016 10:30 pm
Forum: Investing - Theory, News & General
Topic: Sometimes this time really is different
Replies: 41
Views: 5016

Re: Sometimes this time really is different

If you own bonds you're hosed. If you took out copious amounts of debt prior to hyperinflation hitting, you win. But if you own stocks, you really don't come out that badly. The stock market will certainly become more volatile, but the ownership of companies which dictate the prices of goods and se...
by Dale_G
Tue Aug 30, 2016 10:32 pm
Forum: Investing - Help with Personal Investments
Topic: Are Vanguard Personal Advisory Services worth the extra %?
Replies: 31
Views: 3011

Re: Are Vanguard Personal Advisory Services worth the extra %?

My former Vanguard advisor called me earlier this year and said he had a TLH opportunity. I listened to what he wanted to do and I said ok. My new Vanguard advisor has said he is always looking for these opportunities as well. I am just looking for the level of sensitivity of PAS to tax loss harves...
by Dale_G
Sun Aug 28, 2016 8:50 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with munis in taxable after we retire?
Replies: 7
Views: 695

Re: What to do with munis in taxable after we retire?

You are in your mid-thirties and putting 250K into a taxable account each year. I suspect in retirement you will end up in a much higher tax bracket than you now expect. This especially so when RMDs start. But I think you are premature in even thinking about this now. Tax law in 25 or 30 years may b...
by Dale_G
Sun Aug 28, 2016 5:15 pm
Forum: Investing - Theory, News & General
Topic: Allan Roth Article on "Under the radar tax benefit for muni bond funds"
Replies: 24
Views: 3287

Re: Allan Roth Article on "Under the radar tax benefit for muni bond funds"

I don't know the answer to this, but any return of capital may be dedicated to paying the expenses of running the fund. Some Vanguard funds for instance earn money from lending securities. The lending proceeds are used to defray the expenses of the fund and are not reported as income to the fund hol...
by Dale_G
Sat Aug 27, 2016 11:23 pm
Forum: Investing - Help with Personal Investments
Topic: zero-dividend investing in taxable account
Replies: 46
Views: 4263

Re: zero-dividend investing in taxable account

.... I should keep in mind that in the long term I will grow old and be on medicare and receive social security. .... Don't get "old" Poetical, just get more grown up. BTW Amundsen is one of my heroes. My tent is not Amundsen's tent, but a tent at old Byrd Station circa 1963-1964. Dale
by Dale_G
Sat Aug 27, 2016 10:46 pm
Forum: Investing - Help with Personal Investments
Topic: Do you count your emergency fund?
Replies: 45
Views: 3173

Re: Do you count your emergency fund?

Retired - no emergency fund - or the whole portfolio is the emergency fund - take your pock. My last emergency was about 1965. I was broke in Acapulco (pick pocket) and needed gas to get home to New England. $100 did the trick (thank you brother), but DW was not thrilled with the $5 motels. So yes, ...
by Dale_G
Sat Aug 27, 2016 10:24 pm
Forum: Investing - Help with Personal Investments
Topic: zero-dividend investing in taxable account
Replies: 46
Views: 4263

Re: zero-dividend investing in taxable account

It is food for thought. About 27% of my tax burden is due to qualified dividends taxed at the 15% rate. Not too bad, but the dividend income flows to MAGI and ends up costing higher Medicare and part D premiums. I looked at the 77 S&P500 companies on http://www.dividend.com/investor-resources/sp...
by Dale_G
Sat Aug 27, 2016 1:34 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA conversion at 28% tax rate.
Replies: 19
Views: 1203

Re: Roth IRA conversion at 28% tax rate.

Does your state tax Traditional IRA/401k withdrawals? Some states do not - other states may provide for a deduction. At a combined rate of 35%, I would not be doing any conversions.

Wait until you are retired and then decide if it is beneficial.

Dale
by Dale_G
Fri Aug 26, 2016 10:25 pm
Forum: Investing - Theory, News & General
Topic: My only fund not in the red today...how about you?
Replies: 23
Views: 2136

Re: My only fund not in the red today...how about you?

It takes only a couple of clicks to see what my portfolio did on a given day. Today, not much of anything, but August 22 was probably at least a 6 sigma event. The portfolio was down by 0.0014% - that's $1.40 per 100k. Talk about a dull market.

Dale
by Dale_G
Thu Aug 25, 2016 9:07 pm
Forum: Investing - Help with Personal Investments
Topic: "recordkeeping fee" - is this a lot?
Replies: 19
Views: 1743

Re: "recordkeeping fee" - is this a lot?

Well the over 5K accounts are subsidizing the under 5K accounts, but that is life. If the record keeping includes mailing quarterly reports, etc., the cost is definitely not outrageous.

Dale
by Dale_G
Thu Aug 25, 2016 8:59 pm
Forum: Investing - Help with Personal Investments
Topic: Are Vanguard Personal Advisory Services worth the extra %?
Replies: 31
Views: 3011

Re: Are Vanguard Personal Advisory Services worth the extra %?

In the event of a significant market downturn, tax loss harvesting may be worth considerably more than 0.3% - think 2008/2009. This is especially so if new money is being added to the account. I wouldn't be counting on a CPA to be flagging the TLH possibilities though. I think it would be good for B...
by Dale_G
Sat Aug 20, 2016 9:59 pm
Forum: Investing - Theory, News & General
Topic: Bonds in Taxable
Replies: 146
Views: 8937

Re: Bonds in Taxable

This is an interesting thread; tax drag, terminal values, the government owns this or that, etc, but there seems to be little focus on when the taxes are actually, due. I have a taxable account where I have always used equities to the extent possible and a traditional IRA that I have stuffed with bo...
by Dale_G
Sat Aug 20, 2016 12:24 am
Forum: Investing - Theory, News & General
Topic: Dividends - What's the point?
Replies: 12
Views: 2527

Re: Dividends - What's the point?

Phineas J. Whoopee wrote:There's no investment-return reason to prefer dividend funds, but setting aside any tax considerations there's no reason other than diversification to avoid them, either.


Very well put PJW.

Dale
by Dale_G
Fri Aug 19, 2016 5:36 pm
Forum: Investing - Help with Personal Investments
Topic: Is the Vanguard Variable Annuity a Fit?
Replies: 8
Views: 804

Re: Is the Vanguard Variable Annuity a Fit?

I was a long time Vanguard Annuity owner - since annuitized. Variable annuities (even the rare low cost versions) are suitable for someone who: 1. Has already maxed out all other tax free or tax deferred accounts 2. Expects to be in a lower tax bracket after retirement 3. Has a greater than 10-15 ye...
by Dale_G
Tue Aug 16, 2016 10:50 pm
Forum: Investing - Theory, News & General
Topic: How to replace the pre-Boglehead trading interest/time investment
Replies: 12
Views: 914

Re: How to replace the pre-Boglehead trading interest/time investment

It sounds like there is a hobby-like aspect to your investing. Hobbies can be both fun and stimulating. A lot of people have expensive hobbies - and there is nothing wrong with that either as long as the pleasure derived is greater than the cost. In theory, your fun trading should match market retur...
by Dale_G
Tue Aug 16, 2016 10:14 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone else getting nervous and converting to cash as a short-term move?
Replies: 116
Views: 10791

Re: Anyone else getting nervous and converting to cash as a short-term move?

When I first began investing the S&P500 was about 180. I am glad I didn't go to cash when the S&P500 was 200 or 300 or 1,000. I am surely not thinking about going to cash just because we are nearing 2,200. It is time in the market, not timing the market that eventually pays off. Was the mark...
by Dale_G
Tue Aug 16, 2016 3:32 pm
Forum: Investing - Help with Personal Investments
Topic: moving my accounts to vanguard
Replies: 8
Views: 758

Re: moving my accounts to vanguard

The US market is about 70% large caps, 20% midcaps and 10% midcaps smallcaps. The S&P500 is almost all large caps. Vanguard may have suggested the S&P500 assuming that you were going to keep your small and midcaps. The Total Stock Market fund is about 70%, 20% and 10% - so one fund does it a...
by Dale_G
Tue Aug 16, 2016 12:02 am
Forum: Investing - Help with Personal Investments
Topic: moving my accounts to vanguard
Replies: 8
Views: 758

Re: moving my accounts to vanguard

acutal, you didn't provide enough information for a definitive answer (current tax rate, legacy interest, etc.), but it appears that you are a high earner. If you save the $80,000 per year as planned, the odds are good that you will end up with a substantial portfolio in the future - and if you &quo...
by Dale_G
Sat Aug 13, 2016 11:37 pm
Forum: Personal Finance (Not Investing)
Topic: How much umbrella insurance is enough?
Replies: 86
Views: 21337

Re: How much umbrella insurance is enough?

I have a 1MM umbrella policy which represents a fraction of vulnerable assets. What it buys me (I hope) is freedom from the hassle and expense of having to hire my own attorney to defend me against nuisance suits. (nuisance suit - A woman who has had "only a few drinks" is blinded by my 40...
by Dale_G
Fri Aug 05, 2016 11:40 pm
Forum: Investing - Help with Personal Investments
Topic: I have investments with EdJones...
Replies: 19
Views: 2802

Re: I have investments with EdJones...

It appears the closing fee is $95 per account not per fund. saver4life - spending $95 to close an EJ account is probably the one of the best bargains you will ever see. Spending that $95 will likely save you 10's of thousands over your investing career. But you do need to post your EJ investments an...

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