Search found 2856 matches

by Dale_G
Sat Apr 22, 2017 10:46 pm
Forum: Personal Finance (Not Investing)
Topic: TLH question please. Doing my taxes.
Replies: 10
Views: 838

Re: Re:UPDATE. TLH question please. Doing my taxes.

But about that 2.5K carryover for next year.... -Will I have to remember it exists and to enter it, or will Turbo Tax remember it when I use their software again next year? -Are carryovers first applied toward capital gains again or only ordinary income going forward? Yes, TurboTax will remember th...
by Dale_G
Mon Apr 17, 2017 11:45 pm
Forum: Investing - Help with Personal Investments
Topic: [Advice needed for mother's inheritance/finances.]
Replies: 111
Views: 11529

Re: Too much inheritance to handle. Advice needed

pintail07 spoke of this up-thread, but I want to emphasize that if the AXA investment is an annuity, there is a "free look" period during which you can cancel the contract. The free look period may be as short as 10 days depending on your state law. The free look period usually starts on t...
by Dale_G
Mon Apr 17, 2017 10:37 pm
Forum: Investing - Theory, News & General
Topic: "Commodities in Your Portfolio? 'Hogwash...'"
Replies: 21
Views: 2565

Re: "Commodities in Your Porfolio? 'Hogwash...'"

Gee, it has only been a decade or so of under-performance. You have to give these things time - maybe a couple of generations, but think of the tail risks you avoid. You have to ignore the actual return of commodities and consider the risk adjusted return of the portfolio. If the risk adjusted retur...
by Dale_G
Sat Apr 15, 2017 8:28 pm
Forum: Investing - Help with Personal Investments
Topic: The great commodities debate
Replies: 38
Views: 6317

Re: The great commodities debate

Welcome back Rick
by Dale_G
Sat Apr 15, 2017 4:25 pm
Forum: Investing - Help with Personal Investments
Topic: How to invest my children's inheritance
Replies: 33
Views: 2727

Re: How to invest my children's inheritance

There is no "one size fits all". Since my invested assets have more than doubled since I retired in 2001, I expect that I am going to leave most behind. I have two sons +/- 50 years old, never married, with good jobs and their own investments. I am 70% equities and 30% bonds. The bonds are...
by Dale_G
Thu Apr 13, 2017 1:12 am
Forum: Investing - Help with Personal Investments
Topic: absolute amount or % to trigger a TLH
Replies: 12
Views: 832

Re: absolute amount or % to trigger a TLH

I am in a similar situation, but with more tax loss carry-forward and more unrealized capital gains. But at 79 YO I don't expect to ever use up the losses against ordinary income and I have no need or desire to recognize the capital gains and offset them with the losses. I'll let my muni bond fund l...
by Dale_G
Mon Apr 10, 2017 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: Selling my condo with owner financing?
Replies: 24
Views: 1544

Re: Selling my condo with owner financing?

I would be willing to go the seller financed route - with slightly better than conventional interest rate and 20% or more down payment. If the buyer has real skin in the game, you should be pretty well protected.

Looking for a cash buyer if preferable, but maybe not in the cards.

Dale
by Dale_G
Thu Apr 06, 2017 12:52 pm
Forum: Investing - Help with Personal Investments
Topic: Need more fixed income in tax-deferred accounts
Replies: 19
Views: 1219

Re: Need more fixed income in tax-deferred accounts

The State Street fund is an excellent low cost bond index fund that follows the Barclay's Aggregate US bond market. Not to worry that it has no ticker - this fund with it's very low expense ratio is available to 40x plans - and perhaps some institutional investors.

Dale
by Dale_G
Wed Apr 05, 2017 2:28 pm
Forum: Investing - Help with Personal Investments
Topic: Muni Bonds in a Taxable Account
Replies: 14
Views: 1352

Re: Muni Bonds in a Taxable Account

Hi heanbean. I think it is fine to hold some muni's in taxable as a fairly stable substitute for an emergency fund. I realize that RMD time seems to be w-a-a-a-y in the future for you, but if you expect equities to outperform bonds over that period, you are likely to be in a better tax situation by ...
by Dale_G
Mon Apr 03, 2017 12:51 pm
Forum: Investing - Help with Personal Investments
Topic: Please provide guidance on portfolio
Replies: 13
Views: 711

Re: Please provide guidance on portfolio

Just to clarify: The $3,000 figure is the amount of tax loss (carry-forward or not) that you can deduct from your income from wages, dividends or whatever in a tax year. The amount of capital gains you can offset is limited only by your capital losses - current or carry-forward. For instance I have ...
by Dale_G
Sun Apr 02, 2017 11:16 pm
Forum: Investing - Help with Personal Investments
Topic: Please provide guidance on portfolio
Replies: 13
Views: 711

Re: Please provide guidance on portfolio

Hello Ithrive, welcome to the forum. Questions: 1. Does the carried over capital losses of 9k mean that I can sell funds to a gain amount of 3k this year and then offset those gains on my 2017 taxes? How do I do this? You can realized a total of $9,000 in capital gains in 2017 and those gains will b...
by Dale_G
Sun Apr 02, 2017 1:35 pm
Forum: Investing - Theory, News & General
Topic: Since robots are cheaper than humans expect smart beta to beat the indices
Replies: 11
Views: 1621

Re: Since robots are cheaper than humans expect smart beta to beat the indices

It is no more obvious that a computer can be expected to consistently outsmart the market than a human can - what makes the computer better at predicting the future? Especially when there are thousands of computers with similar, but at least slightly different algorithms, trying to do the same thin...
by Dale_G
Tue Mar 21, 2017 8:45 pm
Forum: Investing - Help with Personal Investments
Topic: Failing to understand taxable acct strat
Replies: 16
Views: 1819

Re: Failing to understand taxable acct strat

.... The follow-up question/reassurance becomes... if I hold something like TSM in the taxable account, and Vanguard Target Retirement 2035 Fund (VTTHX) (which is ~50% TSM) in an IRA, then I shouldn't have a wash sale issue, right? The potential for a wash sale only arises if the funds "are su...
by Dale_G
Mon Mar 20, 2017 10:31 pm
Forum: Investing - Theory, News & General
Topic: Asset allocation and asset placement question?
Replies: 4
Views: 436

Re: Asset allocation and asset placement question?

And when it comes time to take RMDs, the amount you are required to take is likely to be larger if you have equities in the 401k/IRA than if you are invested wholly in bonds. The tax man would prefer that you keep bonds in the taxable account and equities in the tax deferred account.

Dale
by Dale_G
Fri Mar 17, 2017 7:37 pm
Forum: Investing - Help with Personal Investments
Topic: Can I minimize the Tax Torpedo and future Medicare costs?
Replies: 27
Views: 2387

Re: Can I minimize the Tax Torpedo and future Medicare costs?

To minimize the RMDs, hold bonds to the extent possible in the traditional IRA - and hold equities to the extent possible in the Roth IRA and taxable accounts. The "hump" only occurs over the income range where SS goes from being taxed at zero until 85% of it is fully taxed, then the tax r...
by Dale_G
Sun Mar 05, 2017 4:31 pm
Forum: Personal Finance (Not Investing)
Topic: The Joys Of Tax Season! :(
Replies: 55
Views: 4274

Re: The Joys Of Tax Season! :(

I set a new record this year. Under 2 hours at a leisurely pace. I have a refund coming - my bad. But I haven't filed yet, I like to sit on the return and review it later to make sure all of the I's are dotted and the T's are crossed.. It is helpful that all of the income streams are now stable. Tur...
by Dale_G
Fri Mar 03, 2017 5:45 pm
Forum: Investing - Help with Personal Investments
Topic: New Investor Portfolio Help...when to ditch the advisor?
Replies: 11
Views: 1046

Re: New Investor Portfolio Help...when to ditch the advisor?

1. Currently have a fee-only fiduciary advisor, he is giving me a discounted flat rate as an introductory rate, but normally 1.95% annual fee after that if/when moves me off. He has put me in DFFVX for my IRA and mentioned he has access to mutual funds that the individual investor doesn’t have acce...
by Dale_G
Fri Mar 03, 2017 4:58 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Total Bond Market Index Fund - Variation in Daily Accrued Income
Replies: 10
Views: 1365

Re: Vanguard Total Bond Market Index Fund - Variation in Daily Accrued Income

What doesn't make any sense is that the accrual is about 40 cents over a period of 45 days. Is there a data entry problem here?

$10.04 (a 4 cent accrual) is a much more logical number.

Dale
by Dale_G
Mon Feb 27, 2017 11:28 pm
Forum: Investing - Help with Personal Investments
Topic: Assisting Parent with Dementia
Replies: 14
Views: 1324

Re: Assisting Parent with Dementia

dbr wrote: ...snip.... Social Security and the IRS definitely will not recognize a POA as such.


IRS form 2848 would seem to fit the bill for immediate family members as far as the IRS is concerned. The stationary store POA won't work though.

Dale
by Dale_G
Sat Feb 25, 2017 2:49 pm
Forum: Investing - Help with Personal Investments
Topic: Pension at the PBGC - when to begin taking
Replies: 21
Views: 1637

Re: Pension at the PBGC - when to begin taking

You are not missing anything Brewman. It is many of your fellow workers who are missing something.

I'll bet a lot of the money they take early will be spent on boat, car and motorcycle payments plus excess taxes. Not a good choice on their part unless they expect a very short lifetime.

Dale
by Dale_G
Sat Feb 25, 2017 1:28 pm
Forum: Investing - Help with Personal Investments
Topic: Has anyone used YieldStreet?
Replies: 2
Views: 258

Re: Has anyone used YieldStreet?

8 - 20% target return *1


They say 8-20% target return.

See footnote 1 - no guarantee, no promise.

Dale
by Dale_G
Sat Feb 25, 2017 1:00 am
Forum: Investing - Help with Personal Investments
Topic: Rebalancing -> Market Crash and rebalancing
Replies: 42
Views: 2134

Re: Rebalancing -> Market Crash and rebalancing

I sometimes think what I would do if i see a 10-20% crash - will I be afraid of catching a falling knife and do nothing? A 10%-20% decline is not a crash. In the scheme of things a 10% decline from a previous peak occurs almost yearly, 15% is a normal "correction" and it can occur every c...
by Dale_G
Wed Feb 22, 2017 11:46 pm
Forum: Investing - Help with Personal Investments
Topic: Barney Style Instructions on a Taxable Investment Account
Replies: 6
Views: 603

Re: Barney Style Instructions on a Taxable Investment Account

It is perfectly okay to have just one fund in the Roth whether it is domestic or international. Next January, you will be able to add the second fund if you wish and it fits you desired allocation.

Dale
by Dale_G
Wed Feb 22, 2017 11:34 pm
Forum: Investing - Help with Personal Investments
Topic: Need help with decision [leaving Edward Jones]
Replies: 11
Views: 979

Re: Need help with decision [leaving Edward Jones]

The no brainer part is to leave Ed Jones. Schwab, Fidelity and Vanguard all have a variety of inexpensive equity index funds these days. I think Vanguard continues to lead with a variety of low cost bond funds. Vanguard is presently having growing pains due to the huge influx of new money. I am cert...
by Dale_G
Tue Feb 21, 2017 12:39 am
Forum: Investing - Help with Personal Investments
Topic: Just received a UGMA in the form of a variable annuity…cash it out, or keep it?
Replies: 26
Views: 1380

Re: Just received a UGMA in the form of a variable annuity…cash it out, or keep it?

My read is that if a low cost annuity is kept for 15 years or more, the tax deferral outweighs the slight additional cost. In most respects, the VA is no different than having the money in a 401k with a similar expense ratio, except there are no forced withdrawals until age 90 or so. I would do the ...
by Dale_G
Sun Feb 19, 2017 1:16 am
Forum: Investing - Help with Personal Investments
Topic: How do you invest the proceeds [from your RMD?]
Replies: 22
Views: 1955

Re: How do you invest the proceeds [from your RMD?]

Our IRAs are all in bond funds. The RMDs are used to pay taxes, and whatever is left over is placed in Munis in taxable accounts in an effort to maintain our overall asset allocation.

Dale
by Dale_G
Sat Feb 18, 2017 6:36 pm
Forum: Investing - Help with Personal Investments
Topic: New Allocations after Inherited IRA
Replies: 14
Views: 904

Re: New Allocations after Inherited IRA

It looks like you will be 90% equities (of which 78% will be US and 22% will be International) + 10% bonds. Some might suggest bumping up the International a bit, but you are basically okay. Whether you want to hold the International in the taxable account (to take advantage of the Foreign Tax Credi...
by Dale_G
Sat Feb 18, 2017 5:33 pm
Forum: Investing - Help with Personal Investments
Topic: New Allocations after Inherited IRA
Replies: 14
Views: 904

Re: New Allocations after Inherited IRA

Is there a question?

There will be a fee at Vanguard to sell those stocks. If you have not yet moved to Vanguard you should find out how much Vanguard will charge to sell them - and how much the the company you are moving from will charge to sell them. Otherwise, it looks like a good plan.

Dale
by Dale_G
Thu Feb 16, 2017 5:58 pm
Forum: Investing - Help with Personal Investments
Topic: Getting back into market after sitting on sidelines
Replies: 11
Views: 1262

Re: Getting back into market after sitting on sidelines

JLJH - I am 11 years your senior and I am also it waiting it out, but i am invested in 72% equities and 28% bonds. If the market goes down seriously (and it will at some point in time), I will simply sell bonds and buy more equities. In fact, that is what Wellesley has been doing over the years, alt...
by Dale_G
Tue Feb 14, 2017 11:41 pm
Forum: Investing - Help with Personal Investments
Topic: Parents variable annuity 1035 to vanguard
Replies: 8
Views: 665

Re: Parents variable annuity 1035 to vanguard

Just one item willie: 1. Return of premium Death Benefit (MUST BE SELECTED AT START OF CONTRACT) (0.2 expense ratio) This locks in the base of the contract as a ceiling. Ex- The 100k investment would be locked in as the principal, so even if the market downturned to 50k value for the annuity then th...
by Dale_G
Sat Feb 11, 2017 5:59 pm
Forum: Investing - Help with Personal Investments
Topic: Holding cash while researching investment manager
Replies: 31
Views: 958

Re: Holding cash while researching investment manager

Pardon us for being skeptical Minisota, but unless the advisor publishes his moves on a website, his alleged returns amount to hearsay. And how did he do over the past 10 or 15 years? So the market is at record highs, so what. Over the past 35 years of my serious investing history, I have seen hundr...
by Dale_G
Sat Feb 11, 2017 5:06 pm
Forum: Investing - Help with Personal Investments
Topic: How Much Cash Do You Actually Hold?
Replies: 110
Views: 11161

Re: How Much Cash Do You Actually Hold?

I hold about 0.5% in cash and have done so since retiring in 2001. Since I retired the S&P500 has gained about 150% of the initial investment and Total bond is up about 93% of the initial investment. Will I have some "immediate" expense in the future that exceeds my cash? Maybe, maybe ...
by Dale_G
Wed Feb 08, 2017 6:04 pm
Forum: Investing - Help with Personal Investments
Topic: Beginner's Portfolio Critique
Replies: 5
Views: 599

Re: Beginner's Portfolio Critique

It looks like an excellent plan yura - especially: concentrating 401k money into the three low expense ratio Vanguard funds offered in it, shifting my Betterment Roth-IRA and Taxable accounts to Vanguard to better tune them to complement the 401k. You are fortunate to have such a nice selection of f...
by Dale_G
Tue Feb 07, 2017 5:39 pm
Forum: Investing - Help with Personal Investments
Topic: Newbie asks-should I put sell limits on my portfolio?
Replies: 18
Views: 940

Re: Newbie asks-should I put sell limits on my portfolio?

Actually Raven, it might be a good idea to set protective stops on your individual stocks. Then, if and when you get stopped out, take the proceeds and invest in index mutual funds or ETFs. You'll killed two birds with one stone - and likely be much better off down the road.

Dale
by Dale_G
Mon Feb 06, 2017 5:43 pm
Forum: Investing - Help with Personal Investments
Topic: Increased deferrals into NQ deferred comp, use taxable to pay off our house or pay monthly expenses?
Replies: 4
Views: 372

Re: Increased deferrals into NQ deferred comp, use taxable to pay off our house or pay monthly expenses?

Yes, the plan docs should tell all. But the rules have changed since I was involved. Your plan probably has a generic name (mine was a "Top Hat plan). I suggest you also do a Google search that may provide a less "legal" description of such plans that may help you interpret your docum...
by Dale_G
Sun Feb 05, 2017 6:45 pm
Forum: Investing - Theory, News & General
Topic: Ratio: Pain of Loss v. Happiness of Equal Size Gain
Replies: 22
Views: 1495

Re: Ratio: Pain of Loss v. Happiness of Equal Size Gain

For me it is highly non-linear. I am happy with a 20% increase, but don't care much about a 20% decline - that is when I automatically begin selling bonds and buying equities. At +/- 20% loss/gain I think I care about 0.2 for the loss and 2 for the gain. At +/- 30% loss/gain I am probably 1:1. At a ...
by Dale_G
Sat Feb 04, 2017 8:25 pm
Forum: Investing - Help with Personal Investments
Topic: Increased deferrals into NQ deferred comp, use taxable to pay off our house or pay monthly expenses?
Replies: 4
Views: 372

Re: Increased deferrals into NQ deferred comp, use taxable to pay off our house or pay monthly expenses?

40% to a NQ plan is pretty aggressive. I sometimes put 70% of gross in my plan, but it was late in my working years. It worked out okay. I deferred 42% in taxes and ended up paying 25% tax on the distributions. In my day there was a "springing trust" that activated if the company assets we...
by Dale_G
Tue Jan 31, 2017 6:30 pm
Forum: Investing - Theory, News & General
Topic: Are you changing your AA based on current events?
Replies: 68
Views: 3474

Re: Are you changing your AA based on current events?

What is different today? War, declared or not?, political unrest?, pestilence? uncertainty everywhere? The situation is normal, nothing new here. As long as capitalism survives, I will maintain my AA. The "current events" are already known to everyone and the markets have adjusted the expe...
by Dale_G
Tue Jan 31, 2017 4:49 pm
Forum: Investing - Help with Personal Investments
Topic: Edward Jones Guided Solutions Fees
Replies: 25
Views: 2715

Re: Edward Jones Guided Solutions Fees

New rules will soon be in force that require advisors to put the customer first with respect to retirement accounts. It is called "fiduciary responsibility". Jones will no longer be able to justify selling people the "loaded" funds where they presently earn most of their money. T...
by Dale_G
Tue Jan 31, 2017 2:20 pm
Forum: Investing - Theory, News & General
Topic: Does credit risk show up at the wrong time? [A look at 89 years of corporate bond data]
Replies: 42
Views: 3100

Re: Does credit risk show up at the wrong time? [A look at 89 years of corporate bond data]

Thank you lack_ey. A very nice presentation. It is certain to arouse some conversation.

note: I own a very healthy amount of corporates.

Dale

edit: fixed spelling :annoyed
by Dale_G
Thu Jan 26, 2017 11:17 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard High-Yield Corp. Adm. VWEAX
Replies: 16
Views: 1552

Re: Vanguard High-Yield Corp. Adm. VWEAX

If you do hold this fund, count it as half stocks and half bonds in your asset allocation. It may have high returns in normal years, but it will probably lose about half as much as the stock market when the market crashes; this is what happened in 2008. I agree that junk may look like 50% equity du...
by Dale_G
Thu Jan 26, 2017 10:16 pm
Forum: Investing - Help with Personal Investments
Topic: All in VANGUARD is that ok??
Replies: 51
Views: 5599

Re: All in VANGUARD is that ok??

Except for a checking account and a few I bonds, everything is at Vanguard. I've been at Vanguard since 1982. I have no qualms.

Dale
by Dale_G
Tue Jan 24, 2017 1:54 am
Forum: Personal Finance (Not Investing)
Topic: TurboTax is playing games again.
Replies: 52
Views: 10000

Re: TurboTax is playing games again.

I have full confidence that TT Deluxe will handle my 1099Bs. But I also have full confidence that Intuit is a company that loves to be hated. They certainly seem to go out of their way to arouse disdain, frustration and anger.

Dale
by Dale_G
Mon Jan 23, 2017 11:38 am
Forum: Investing - Help with Personal Investments
Topic: % taxable bonds needed for rebalancing taxable equity?
Replies: 26
Views: 1625

Re: % bonds for rebalancing taxable equity rule of thumb?

Why not do your rebalancing in tax deferred accounts? This avoids any tax implications due to rebalancing in the taxable account.

Dale
by Dale_G
Mon Jan 23, 2017 12:30 am
Forum: Personal Finance (Not Investing)
Topic: HELP ! Letter from NY on State income tax
Replies: 22
Views: 2245

Re: HELP ! Letter from NY on State income tax

If the check was not cashed, something went awry. Maybe you, maybe them or maybe the post office (unlikely). But NY is not going to send a bunch of SWAT guys to bust down your doors at 2am. With a tax bill of <$50, the penalty and interest are likely to be minimal. Stuff happens. Pay up and put it b...
by Dale_G
Sat Jan 21, 2017 4:06 pm
Forum: Investing - Help with Personal Investments
Topic: Help w/ Detailed Equity Allocation
Replies: 4
Views: 384

Re: Help w/ Detailed Equity Allocation

The three fund portfolio is simple, but not simplistic. Unless you want to overweight large, mid or small caps, you are duplicating stuff that is already held in the Total Stock Market fund. If you really feel the need to have more funds, split the bond portion into whatever makes you happy.

Dale
by Dale_G
Thu Jan 19, 2017 11:14 pm
Forum: Investing - Help with Personal Investments
Topic: Robo-advisors vs Vanguard
Replies: 28
Views: 3705

Re: Robo-advisors vs Vanguard

Emergency fund: none. Debt: credit card debt of $3000, planning to pay off within the next couple months. Loans of $11k, paying in small amounts every month. Should I just not even think about investing at the moment given my situation and my plan to go back to school for 2 more years which will on...
by Dale_G
Thu Jan 19, 2017 5:15 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Part B costs
Replies: 14
Views: 1450

Re: Medicare Part B costs

Yup, a little confusing. This is the first year that my part B premium is different than my wife's. Spirit Rider provided an easy to understand explanation. Mystery solved.

Dale
by Dale_G
Sat Jan 14, 2017 10:35 pm
Forum: Investing - Help with Personal Investments
Topic: Dollar-Cost-Average over HOW MANY years?
Replies: 61
Views: 4291

Re: Dollar-Cost-Average over HOW MANY years?

If the OP is interested in the maximum return, the probability is that DCA should be done over 1/365th of a year. Sometimes this has to be delayed to the next day the market is open.

Dale

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