Search found 2942 matches

by Dale_G
Mon Dec 11, 2017 12:54 am
Forum: Investing - Theory, News & General
Topic: Is Santa Claus Coming To Town?
Replies: 9
Views: 1437

Re: Is Santa Claus Coming To Town?

I'd say Santa has already been here this year.

But: I don't personally know Santa - and I am always wary of strangers bearing gifts.
On the other hand: I never look a gift horse in the mouth.

Cheers,

Dale
by Dale_G
Sun Dec 10, 2017 12:24 am
Forum: Personal Finance (Not Investing)
Topic: For those retired at least 10 years, what about the money?
Replies: 43
Views: 5623

Re: For those retired at least 10 years, what about the money?

Looks like no one can be sure to have won the game until the last day. Well put. I retired in October 2001. Today the invested assets are 2.5 times what they were on the date of retirement (1.8 times inflation adjusted). I think the other thing these comments show is that spending habits become ing...
by Dale_G
Fri Dec 08, 2017 12:06 am
Forum: Investing - Theory, News & General
Topic: investing in taxable accounts
Replies: 10
Views: 1461

Re: investing in taxable accounts

Since my traditional IRA is 100% bonds, the balance of the RMD after taxes normally goes to a bond fund in taxable. If I held any equities in the traditional IRA, the RMD in excess of taxes would go to either Total Stock Market or Total International as required to keep my asset allocation within th...
by Dale_G
Thu Dec 07, 2017 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: What did you do with your first RMD withdrawal money?
Replies: 54
Views: 3431

Re: What did you do with your first RMD withdrawal money?

The IRS gets paid first, the remainder goes to the taxable account. The IRS gets more than half :D

Dale
by Dale_G
Wed Dec 06, 2017 6:21 pm
Forum: Investing - Theory, News & General
Topic: "Financial Shock" wealth
Replies: 33
Views: 6059

Re: "Financial Shock" wealth

White Coat Investor wrote:
Wed Dec 06, 2017 5:27 pm
These articles make me feel so wealthy.
That is because it is very likely that you are wealthy :D
by Dale_G
Sat Dec 02, 2017 11:10 pm
Forum: Investing - Theory, News & General
Topic: Vanguard customer service reps need some training
Replies: 66
Views: 6768

Re: Vanguard customer service reps need some training

If the OP had told the rep to move X, Y and Z number of share to fund A, B and C, it would probably would have happened.

While I agree that Vanguard should have been able to handle a percentage sale, I always put instructions in the easiest possible terms.

Dale
by Dale_G
Tue Nov 28, 2017 11:47 pm
Forum: Investing - Theory, News & General
Topic: Vanguard to launch US 'smart beta' ETFs - Will this board burn down?
Replies: 129
Views: 11290

Re: Vanguard to launch US 'smart beta' ETFs - Will this board burn down?

I'll take a pass, but if I were tempted at all I would buy an equal weight in each of the single factor funds and rebalance in a year and a day. I began investing with Vanguard in 1982. According to a June 18, 1982 article in the Christian Science Monitor , Vanguard had 21 funds and a total of 4 bil...
by Dale_G
Sun Nov 19, 2017 5:24 pm
Forum: Investing - Help with Personal Investments
Topic: Why doesn't my 401k statement match the value for the fund?
Replies: 2
Views: 364

Re: Why doesn't my 401k statement match the value for the fund?

Often in this type of plan, reinvested dividends result in an increase in the N et A sset V alue (NAV) of your fund rather than an increase in the number of shares as would be the case in the in the underlying fund. I am sure the JH value of $17,000 is correct rather than the $15,000 you might calcu...
by Dale_G
Sun Nov 12, 2017 10:59 pm
Forum: Investing - Help with Personal Investments
Topic: What have VTSAX December Capital Gains % distributions been last few years?
Replies: 2
Views: 498

Re: What have VTSAX December Capital Gains % distributions been last few years?

The Total Stock Market fund has not had any capital gains distributions. Among other reasons, the flood of new contributions to the fund has eliminated any need to sell anything to meet redemptions - and any gains from equities leaving the index have been used to offset the expense of running the fu...
by Dale_G
Fri Nov 10, 2017 12:08 am
Forum: Investing - Help with Personal Investments
Topic: How old are you and what size is your portfolio?
Replies: 33
Views: 4232

Re: How old are you and what size is your portfolio?

I am 80 and have a large portfolio. Is there anyone young with a small portfolio out there that would like to swap both with me?

Dale
by Dale_G
Wed Nov 08, 2017 9:17 pm
Forum: Investing - Theory, News & General
Topic: RMDs – Best time to take during the year?
Replies: 12
Views: 1513

Re: RMDs – Best time to take during the year?

Ditto. I take the RMD in the third week of December after dividends are declared by the funds in my taxable account. I can then closely calculate my annual tax bill. I have taxes withheld - and the balance goes to the taxable account.
by Dale_G
Sun Nov 05, 2017 11:36 pm
Forum: Investing - Help with Personal Investments
Topic: Admiral vs Institutional Plus shares
Replies: 5
Views: 843

Re: Admiral vs Institutional Plus shares

Colorado Guy said, One of my concerns is the 401k management fees. There will be a negligible difference between the performance of the Institutional Plus class funds and the Admiral class funds. The only difference will be the few hundredth of 1% difference in the expense ratios. But, what about th...
by Dale_G
Thu Oct 26, 2017 7:54 pm
Forum: Personal Finance (Not Investing)
Topic: Do you include the capitalized value of Social Security in your asset allocation?
Replies: 32
Views: 2031

Re: Do you include the capitalized value of Social Security in your asset allocation?

Yes. Absolutely. I also have a secure defined benefit and capitalize that as well. peace Sure you can capitalize it, but unless you know your actual life span, you are just guessing at the capitalized value. SS, like a pension or life annuity provides an income stream while you live . It is okay to...
by Dale_G
Mon Oct 23, 2017 11:06 pm
Forum: Personal Finance (Not Investing)
Topic: Does anyone here with net worths north of $1 mil use financial advisors?
Replies: 175
Views: 18134

Re: Does anyone here with net worths north of $1 mil use financial advisors?

Yes, north of 1mm for more than 20 years. I figure I had/have three broad options: 1. I could hand my money over to a FA and spend somewhat less than 1% of AUM and get a screwball set of funds that might match market returns before fees. I have to hope that he doesn't sell my existing index funds wi...
by Dale_G
Sun Oct 22, 2017 8:03 pm
Forum: Investing - Help with Personal Investments
Topic: Commission only fiduciary planner
Replies: 129
Views: 5212

Re: Commission only fiduciary planner

Pdub, the first meetings will indeed be free, but that doesn't mean that they won't eventually cost you dearly. I suspect the Advisors will deflect any conversation about fees until the 3rd meeting. And if you push back at that time, the advisor will pointedly ask, "You do love your wife, don't you"...
by Dale_G
Wed Oct 18, 2017 9:51 pm
Forum: Personal Finance (Not Investing)
Topic: Small Business Admin. on the ball with disaster fraud
Replies: 0
Views: 184

Small Business Admin. on the ball with disaster fraud

A letter arrived yesterday addressed to one of my sons (a contractor on a tiny island east of Africa) from SBA. It was addressed to firstname B. lastname at our address. The middle initial was wrong, but no matter. The letter said, "You recently registered with FEMA for assistance with your disaster...
by Dale_G
Mon Oct 16, 2017 3:50 pm
Forum: Investing - Theory, News & General
Topic: State Street Debuts Low Cost ETFs [mostly rebranding old ones and cutting ERs]
Replies: 2
Views: 390

Re: State Street Debuts Low Cost ETFs [mostly rebranding old ones and cutting ERs]

Robust competition is good. Now even more investors can benefit from the Vanguard effect. Thank you John Bogle. I don't really need Vanguard to grow a lot more, so the competition is welcome. I haven't looked at the underlying indices, but maybe we have some new low cost tax loss harvesting partners...
by Dale_G
Tue Oct 10, 2017 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: Estate Questions
Replies: 23
Views: 2991

Re: Estate Questions

It is unlikely that you will make any serious mistake with a 3 fund portfolio at a low cost provider. It's likely the bonds will be in munis, but you could add some short term treasuries for peace of mind. The serious mistakes are only likely if someone persuades you that "complicated" is better" or...
by Dale_G
Sun Oct 08, 2017 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Freeze - What did you do?
Replies: 71
Views: 5973

Re: Pension Freeze - What did you do?

My company froze the pension plan four years before I retired. They compensated by making additional contributions to the 401k that immediately vested. I was actually pleased because I would "own" the assets rather than the (additional) stream of pension income over an uncertain life span. The 401k ...
by Dale_G
Sat Oct 07, 2017 9:13 pm
Forum: Investing - Help with Personal Investments
Topic: mimicking duration of total bond using municipal bond funds
Replies: 5
Views: 724

Re: mimicking duration of total bond using municipal bond funds

If you wished, you could also use 0% short - 58% intermediate and 42% long. It probably won't matter much which of the solutions you use, but I prefer to keep things simple.

Dale
by Dale_G
Sat Oct 07, 2017 6:37 pm
Forum: Personal Finance (Not Investing)
Topic: Combining spouses separate accounts into one joint account. Any downsides?
Replies: 19
Views: 1574

Re: Combining spouses separate accounts into one joint account. Any downsides?

I was the only breadwinner, but except for a joint checking account I have always maintained separate accounts for the wife and I. My IRA (with rolled over 401ks) is much larger than her IRA which only had spousal contributions, but her taxable account is larger than mine. The assets are almost equa...
by Dale_G
Wed Sep 27, 2017 8:26 pm
Forum: Investing - Theory, News & General
Topic: VG using outsourcing to call me & I'm not happy
Replies: 76
Views: 7553

Re: VG using outsourcing to call me & I'm not happy

I didn't get any call, because I did my duty and voted earlier. :D In the "old days" (1970s & 80s) shareholder votes were more common - often at the fund level. Apparently things have been "simplified" to significantly reduce the need in the case of mutual funds. Votes are normally tallied on the ba...
by Dale_G
Tue Sep 26, 2017 12:21 pm
Forum: Investing - Help with Personal Investments
Topic: New Deferred Compensation Plan question
Replies: 6
Views: 845

Re: New Deferred Compensation Plan question

Also very glad I did it. Some years I contributed 70% of gross salary. The loot was "held" at Fidelity with decent fund options. Note that if the company "goes belly up", you are unlikely to lose everything - you simply become a general creditor and should make some recovery. My company was actually...
by Dale_G
Mon Sep 25, 2017 10:23 pm
Forum: Personal Finance (Not Investing)
Topic: Coworker asked me about a adviser
Replies: 24
Views: 3436

Re: Coworker asked me about a adviser

A few minutes ago there were 63,303 registered members. Is there some reason your coworker would recognize you as badbreath? :D

Dale
by Dale_G
Fri Sep 22, 2017 9:27 pm
Forum: Investing - Help with Personal Investments
Topic: Struggling with tax implications
Replies: 22
Views: 2673

Re: Struggling with tax implications

Yes, the idea of holding some bonds in taxable is okay considering your objective.

Which bond funds? It depends.

The first questions: What is your federal marginal tax bracket? What state do you live in?

Dale
by Dale_G
Fri Sep 22, 2017 1:00 pm
Forum: Investing - Theory, News & General
Topic: Retirees, what is your marginal tax rate?
Replies: 102
Views: 10764

Re: Retirees, what is your marginal tax rate?

My federal tax rate (filing MFJ) has never been lower than 25%/28% since retiring in 2001. There was 1 year at 35%. I have made some small Roth conversions (not enough to bump into the next higher bracket), but the benefit is minuscule if at all. I suspect those maxing out 40Xs and doing backdoor Ro...
by Dale_G
Thu Sep 21, 2017 2:40 pm
Forum: Investing - Theory, News & General
Topic: How an asset with a NEGATIVE return can INCREASE your portfolio's return
Replies: 31
Views: 3303

Re: How an asset with a NEGATIVE return can INCREASE your portfolio's return

First, assets with negative returns can increase a portfolio's efficiency. However for this to be true it must have a negative correlation. It is not necessary that the correlation is negative. In fact the correlation can be +1 as long as the magnitudes (percentage-wise) of the price changes are su...
by Dale_G
Thu Sep 21, 2017 12:12 am
Forum: Investing - Help with Personal Investments
Topic: Military: Dump Taxable VGSTX for Taxable VTSAX?
Replies: 2
Views: 451

Re: Military: Dump Taxable VGSTX for Taxable VTSAX?

Re: Star Fund: Cav - sign in to your Vanguard account and bring up the Balance & Holdings page. Then click on the "Cost basis" tab. You will be able to see what your short and long term capital gains are. You can then determine what the tax damage will be if you make the exchange. If it is a matter ...
by Dale_G
Wed Sep 20, 2017 11:17 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Dividend Strategies Fall Short
Replies: 15
Views: 1594

Re: Larry Swedroe: Dividend Strategies Fall Short

Larry says: Finally, dividend strategies result in less diversified, and thus less efficient, portfolios because today about 60% of U.S. stocks and about 40% of international stocks don’t pay dividends, which begs the question: Why are they so popular? 1. Since the total return of dividend paying an...
by Dale_G
Mon Sep 18, 2017 1:02 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Efficient Placement for Retirement Assets when Starting in 50s Following Major Loss
Replies: 10
Views: 1008

Re: Tax Efficient Placement for Retirement Assets when Starting in 50s Following Major Loss

Sorry about your loss. Given your stepdad's expected income, it is highly unlikely that he will owe any income tax on his investments (or 1099 income for that matter). The money should be invested to meet his target allocation. It won't matter if there are some bonds in the taxable account. Dale
by Dale_G
Sun Sep 17, 2017 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: annualcreditreport.com possible vulnerability (apache struts framework)
Replies: 21
Views: 2122

Re: annualcreditreport.com possible vulnerability (apache struts framework)

Thumbprints on loan applications would help eliminate credit fraud, but if the prints are encrypted and stored at the credit bureaus the bad guys will eventually figure it out. Plan on giving a DNA sample in another 10 or 20 years.

Dale
by Dale_G
Thu Sep 14, 2017 12:09 pm
Forum: Investing - Help with Personal Investments
Topic: Guaranteed return--would you take it?
Replies: 7
Views: 1226

Re: Guaranteed return--would you take it?

when this particular company guaranteed all nonstock holdings would make 3.5%. Would you keep that there to ensure you have that guaranteed amount? Please tell us about this "particular" company - and if possible the name of the investment. Investments with guaranteed returns are usually annuities ...
by Dale_G
Wed Sep 13, 2017 10:49 am
Forum: Personal Finance (Not Investing)
Topic: Turned down for umbrella insurance
Replies: 57
Views: 6007

Re: Turned down for umbrella insurance

skeptical wrote:
Wed Sep 13, 2017 10:19 am
..... I have a clean credit history, driving history, and have made almost no claims for house/auto.
My color - The "almost no claims" might be part of the problem, depending on the frequency and number of claims.

Dale
by Dale_G
Tue Sep 12, 2017 7:55 pm
Forum: Investing - Help with Personal Investments
Topic: Late starters trying to reduce skew between taxable & tax deferred
Replies: 21
Views: 2782

Re: Late starters trying to reduce skew between taxable & tax deferred

You might look at a low cost variable annuity such as is available from Vanguard, especially if you believe you might be in a lower tax bracket and/or move to a lower tax state on retirement. Only bonds/REITs belong there and you need a long time horizon to overcome the slightly higher expenses. Ski...
by Dale_G
Sun Sep 10, 2017 9:48 pm
Forum: Investing - Theory, News & General
Topic: Recent Hurricanes Provide Good Lesson For Investors
Replies: 30
Views: 4973

Re: Recent Hurricanes Provide Good Lesson For Investors

Not that I want to profit from disasters, but my timber REIT is doing very well. Meanwhile I am listening to the wind howl due to Irma.

Take care folks.

Dale
by Dale_G
Sat Sep 09, 2017 7:09 pm
Forum: Investing - Help with Personal Investments
Topic: Sell deceased's "wrong-state" muni bonds?
Replies: 27
Views: 2032

Re: Sell deceased's "wrong-state" muni bonds?

You have asked for advice - and I hope you will get what you are looking for. But in return, please help educate us by revealing why the bonds do not receive a stepped up basis.

Thanks,

Dale
by Dale_G
Fri Sep 08, 2017 9:57 pm
Forum: Personal Finance (Not Investing)
Topic: Paying Taxes Quarterly
Replies: 21
Views: 2236

Re: Paying Taxes Quarterly

dcop - there are no penalties for over paying - or over withholding. Instead of filing quarterly estimated taxes however, consider having taxes withheld from your tax deferred distributions. If you have taxes withheld the IRS treats them as being paid uniformly throughout the tax year. You could ski...
by Dale_G
Mon Sep 04, 2017 2:32 pm
Forum: Investing - Theory, News & General
Topic: Fixed Income: Percentage Of Portfolio Or Specific $ Amount?
Replies: 19
Views: 2175

Re: Fixed Income: Percentage Of Portfolio Or Specific $ Amount?

A little over a year ago I decided to "cap" my bond holdings at a fixed number of dollars. That number is far in excess of any semi-reasonable spending need. At my age, I won't bother to adjust the number for inflation. My equity portion of the portfolio is presently 72%. Given reasonable bond and e...
by Dale_G
Sun Sep 03, 2017 4:19 pm
Forum: Investing - Help with Personal Investments
Topic: Top Hat vs taxable dilemma
Replies: 10
Views: 1310

Re: Top Hat vs taxable dilemma

My simple Google search for Top Hat losses due to employer failure comes up with nothing. I am sure there have been some losses, but they must have been rare. I was very happy to participate in the Top Hat plan at my company - a large two person partnership . In some years I deferred more than 70% o...
by Dale_G
Sat Sep 02, 2017 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: Disclaiming Multiple IRAs
Replies: 14
Views: 1216

Re: Disclaiming Multiple IRAs

celia wrote:
Sat Sep 02, 2017 4:51 pm
Funds B and C would be split equally among the contingent beneficiaries of the original account.
For clarification: Funds B and C would be split according to the percentages allocated to each of the contingent beneficiaries, not necessarily equally.

Dale
by Dale_G
Fri Sep 01, 2017 7:16 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard - How to combine spouse accounts
Replies: 28
Views: 3191

Re: Vanguard - How to combine spouse accounts

Just tell the rep you want to "gift" the shares to your wife, they should be able to understand that. No tax consequences.

Make sure you do not sell the shares and move the cash - that would have tax consequences.
by Dale_G
Sun Aug 27, 2017 3:11 pm
Forum: Investing - Help with Personal Investments
Topic: approaching 70, and a totally new situation.
Replies: 31
Views: 4404

Re: approaching 70, and a totally new situation.

celia wrote:
Sun Aug 27, 2017 1:55 pm
This philosophy also holds for the pension and SS. You never paid taxes on the money you contributed, so the monthly benefits you receive will have to be shared with Uncle Sam.
The SS "contributions" are in fact after tax.

Dale
by Dale_G
Sat Aug 26, 2017 12:19 pm
Forum: Investing - Theory, News & General
Topic: The Unsolvable Puzzle by Morgan Housel
Replies: 11
Views: 2020

Re: The Unsolvable Puzzle by Morgan Housel

Definitely a thought provoking piece of work. Time moves on.

Dale
by Dale_G
Fri Aug 25, 2017 4:08 pm
Forum: Investing - Help with Personal Investments
Topic: Dan Wiener Independent Advisor for Vanguard Investors
Replies: 43
Views: 11610

Re: Dan Wiener Independent Advisor for Vanguard Investors

Since target date funds are a "fund of funds", they will always have a higher expense ratio than creating one yourself. There is no added expense for Vanguard Target Date funds beyond that due to the underlying funds. The TD funds do use the slightly higher cost Investor class of funds rather than ...
by Dale_G
Sun Aug 20, 2017 5:20 pm
Forum: Investing - Theory, News & General
Topic: too much money in indexes?
Replies: 19
Views: 4060

Re: too much money in indexes?

When you see more than 50% active funds consistently beating an appropriate index after fees, the tide will turn . I will then join the active crowd. I don't see that happening anytime soon.

Dale
by Dale_G
Wed Aug 16, 2017 4:39 pm
Forum: Investing - Help with Personal Investments
Topic: LifeStrategy for all taxable
Replies: 8
Views: 752

Re: LifeStrategy for all taxable

The yield of the LifeStrategy Moderate Growth fund is just a bit more than 2%. That translates into a current income of about $12,000. If this is your only income, you will not have any tax obligation now - and probably not well into the future.

Have fun,

Dale
by Dale_G
Wed Aug 16, 2017 4:31 pm
Forum: Investing - Help with Personal Investments
Topic: Do you manage your asset allocation like a Target Fund?
Replies: 20
Views: 1744

Re: Do you manage your asset allocation like a Target Fund?

No downward glide path here. Five years ago I modified my IPS to allow our equity allocation to rise - with only partial re-balancing along the way. A bit more than a year ago, I further modified the IPS to cap bonds at a maximum dollar amount - an amount that is far beyond what I ever expect to use...
by Dale_G
Tue Aug 15, 2017 6:01 pm
Forum: Investing - Help with Personal Investments
Topic: Active vs. Passive Bond Fund
Replies: 8
Views: 862

Re: Active vs. Passive Bond Fund

I don't have a problem with l ow cost actively managed bond funds. Only about 20% of my bonds are indexed: Total Bond Market (VBTLX) + emerging market bonds (VWOB and PCY). The 80% consists of: Short Term Investment Grade (VFSUX), High Yield (VWEAX), Core Bond (VCOBX), and Intermediate and Long Term...
by Dale_G
Fri Aug 11, 2017 11:28 pm
Forum: Investing - Help with Personal Investments
Topic: AA, IPS. Tinkering trap?
Replies: 11
Views: 1059

Re: AA, IPS. Tinkering trap?

So after two months, the cold hard reality of what you have written is sinking in :D . I think a revision is perfectly okay. You need to be comfortable with your IPS, and it is very reasonable to make minor tweaks until you really believe it is something you can live with. But after a few tweaks, yo...
by Dale_G
Wed Aug 09, 2017 4:12 pm
Forum: Investing - Help with Personal Investments
Topic: Did I mess up? Transferred some of bro's trust money into his Roth IRA
Replies: 4
Views: 857

Re: Did I mess up? Transferred some of bro's trust money into his Roth IRA

In this case, "transfers" = "distributions". The money has been moved out of the trust.