Search found 344 matches

by FactualFran
Sat Jul 22, 2017 1:10 pm
Forum: Investing - Help with Personal Investments
Topic: Cleaning Up TIRA Basis (Form 8606)
Replies: 5
Views: 372

Re: Cleaning Up TIRA Basis (Form 8606)

From what I can tell, the 401(k) rollover isn't an event that would trigger a new 8606 filing, so how would I let the IRS know that the pro-rata principle is now in effect? Or does it not matter? It looks as if you contributed to a Roth IRA for 2014 and for 2015. Both contributions were made in 201...
by FactualFran
Fri Jul 21, 2017 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: AnnualCreditReport Equifax
Replies: 25
Views: 1183

Re: AnnualCreditReport Equifax

In 10 years of trying, I've never been able to get on-line access to my credit report from Equifax. In fact, I don't know anyone who has ever had success with Equifax on-line and I've asked plenty of folks. I was able to get a credit report from Equifax through annualcreditreport.com once a year fr...
by FactualFran
Fri Jul 21, 2017 2:51 pm
Forum: Investing - Theory, News & General
Topic: Dividend Misunderstandings & Only Spend Return
Replies: 234
Views: 11597

Re: Dividend Misunderstandings & Only Spend Return

I have yet to see someone post a dividend fund that doesn't track extremely closely to TSM or S&P500. All of this talk about reduced volatility doesn't pan out in a real world fund. The Morningstar Ratings and Risk page for the PowerShares S&P 500® High Dividend Low Volatility Portfolio (SP...
by FactualFran
Fri Jul 21, 2017 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: AnnualCreditReport Equifax
Replies: 25
Views: 1183

Re: AnnualCreditReport Equifax

I recently had an experience similar to the one described in the opening post. A few days ago, I tried to get an Equifax credit report through annualcreditreport.com portal. The first web page from Equifax had a number of questions to confirm my identity. However, the question were about accounts th...
by FactualFran
Wed Jul 12, 2017 2:31 pm
Forum: Investing - Help with Personal Investments
Topic: Question on Inherited EE Bond
Replies: 7
Views: 470

Re: Question on Inherited EE Bond

I thought if someone wanted a $5,000 bond they paid $2,500 and in 30 years it would be worth $5,000? I don't understand. The number of years it takes for the redemption value of an EE Savings Bond to be at least twice the purchase price depends on when the bond was issued. For EE Savings Bonds issu...
by FactualFran
Mon Jul 10, 2017 2:57 pm
Forum: Personal Consumer Issues
Topic: Digital Cable TV
Replies: 12
Views: 1115

Re: Digital Cable TV

I had no idea you could have a cable tv subscription without the boxes. Those things eat up a ton of electricity too. Until a few years ago, the Federal Communications Commission (FCC) had a regulation that cable systems could not encrypt the signals of the lowest level TV service tier (retransmiss...
by FactualFran
Mon Jul 10, 2017 2:38 pm
Forum: Investing - Theory, News & General
Topic: Dividend Misunderstandings & Only Spend Return
Replies: 234
Views: 11597

Re: Dividend Misunderstandings & Only Spend Return

I don't see a reason why a person could not live off of that fund for years to come. Decades ago Vanguard had a High Yield Stock Fund. It was actively managed by a very highly regarded fund manager. However, its total return for 1990 was wretched. In 1991 the fund was merged out of existence (warni...
by FactualFran
Thu Jul 06, 2017 6:19 pm
Forum: Investing - Help with Personal Investments
Topic: Accounting for Dividends in Safe Withdrawal Rate
Replies: 42
Views: 2328

Re: Accounting for Dividends in Safe Withdrawal Rate

There is no equivalence between selling your income producing assets and living off income. That follows from definition of "living off income" including "never selling assets". What matters to some who are retired, myself included, is being able to maintain a desired standard o...
by FactualFran
Thu Jul 06, 2017 2:32 pm
Forum: Investing - Help with Personal Investments
Topic: Accounting for Dividends in Safe Withdrawal Rate
Replies: 42
Views: 2328

Re: Accounting for Dividends in Safe Withdrawal Rate

Warning: Although it is repeated often on this blog, it is incorrect to say that using dividend for income is the same as selling shares. When you sell shares you lose both future dividends from those shares and potential capital gains from the shares. When you use dividends for income, you only lo...
by FactualFran
Sat Jul 01, 2017 11:53 am
Forum: Investing - Theory, News & General
Topic: Vanguard Target Date 2015 vs Managed Payout - Is this a dumb question?
Replies: 6
Views: 808

Re: Vanguard Target Date 2015 vs Managed Payout - Is this a dumb question?

It that's true, then how can Managed Payout allow for 4% distributions indefinitely. Or, are you saying it can't. What has the actual payout been? It's been around since May 2008, so what was the payout during the crash? Here is a table of the sum of the monthly payouts during each year of a hypoth...
by FactualFran
Tue Jun 27, 2017 2:15 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Balanced Fund vs. Wellington
Replies: 18
Views: 8288

Re: Vanguard Balanced Fund vs. Wellington

Wellington doesn't capture the entire domestic market like the VBINX fund does. Vanguard Balanced index appears to capture every sector of the U.S Stock Market and contains a diversified high quality Intermediate bond. Yes Wellington has done well but fund managers come and go, and some of these un...
by FactualFran
Mon Jun 26, 2017 2:20 pm
Forum: Investing - Help with Personal Investments
Topic: TIPS or no TIPS again
Replies: 47
Views: 2884

Re: TIPS or no TIPS again

About 15 years ago I was in a situation similar to what was described in the opening post: I was about 10 years from retirement. I invested the part of my portfolio that I wanted to grow at the rate of the CPI-U in TIPS bought at auction. I held them to maturity. I have never directly invested in a ...
by FactualFran
Sat Jun 24, 2017 1:26 pm
Forum: Investing - Theory, News & General
Topic: I-Bonds/Estate Matters
Replies: 6
Views: 690

Re: I-Bonds/Estate Matters

One of the restrictions on a Educational Saving Bond is: "The bond must be issued either in your name (as the sole owner) or in the name of both you and your spouse (as co-owners)." What you propose to do to have the interest be tax-free for a grandchild's education does not look valid. If...
by FactualFran
Sat Jun 24, 2017 12:41 pm
Forum: Investing - Help with Personal Investments
Topic: VG notice of transition
Replies: 7
Views: 1092

Re: VG notice of transition

Geez!, read most of the linked threads about this. Some were back in 2014. From the very beginning of my account set up, I often pondered at the reasoning for a MF account and a Brokerage account. Assumed that the brokerage account was to buy/sell funds outside of VG. Some time ago, I got notice to...
by FactualFran
Thu Jun 22, 2017 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: Could Credit Karma (app) be blocking my free annual credit report?
Replies: 10
Views: 779

Re: Could Credit Karma (app) be blocking my free annual credit report?

I'm trying to pull my free annual credit report from https://www.annualcreditreport.com, I've done it multiple times in past years, and this time I had some issues. At the very end after I filled out the info, it said "sorry, we were unable to pull your credit report online, please write us a ...
by FactualFran
Wed Jun 21, 2017 2:46 pm
Forum: Investing - Help with Personal Investments
Topic: Is a Total Stock Market Index enough...
Replies: 22
Views: 2485

Re: Is a Total Stock Market Index enough...

For a relatively simple portfolio where the only other investments are International Index, Bond Index, and REIT Index funds, a Total (US) Stock Market Index fund is sufficient for domestic stock investments.
by FactualFran
Wed Jun 21, 2017 2:33 pm
Forum: Investing - Help with Personal Investments
Topic: Managed Payout VPGDX seems to beat all others
Replies: 6
Views: 921

Re: Managed Payout VPGDX seems to beat all others

Unless I am doing something wrong it betters Wellesley, . the 3 fund portfolio ,, Target dates for different compositions ... even on this date ...Wellesley YTD is 4.10 % while Payout Fund is YTD 5.69% The Vanguard Managed Payout fund is managed to provide regular monthly payouts intended to be tak...
by FactualFran
Tue Jun 20, 2017 4:17 pm
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion Tax Payments
Replies: 8
Views: 792

Re: Roth Conversion Tax Payments

I'm not sure this is right. I thought quarterly estimated payments had to track income in that quarter, roughly. Get a lot of income in one quarter, then next estimated payment needs to cover it, with usual safe harbor exceptions. Quarterly estimated payments have to track income for that quarter i...
by FactualFran
Tue Jun 20, 2017 2:37 pm
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion Tax Payments
Replies: 8
Views: 792

Re: Roth Conversion Tax Payments

There are many ways to avoid owing an underpayment penalty. Some ways are more complicated than others. I'll describe two relatively simple ways here. Have enough taxes withheld for the year so the amount withheld is at least 90% of the income tax for there year. If for whatever reasons that much wi...
by FactualFran
Tue Jun 20, 2017 2:14 pm
Forum: Investing - Help with Personal Investments
Topic: Accidental partial non-deductible tIRA contribution last year -- can/should I convert to Roth?
Replies: 5
Views: 234

Re: Accidental partial non-deductible tIRA contribution last year -- can/should I convert to Roth?

Read the Vanguard If your IRA contributions go over the limit web page. Because it seems that the contribution was for 2016, you have until Oct. 15, 2017 to withdraw some or all of the contribution you made. You should be able to withdraw only the amount that was not deductable. Another option, not ...
by FactualFran
Mon Jun 19, 2017 12:47 pm
Forum: Personal Consumer Issues
Topic: Cancelled Cable TV Service Today... [Downsized cable service
Replies: 26
Views: 2881

Re: Cancelled Cable TV Service Today... [Downsized cable service

I have downsized my cable service multiple times, due to the unsatisfactory service I received from the current owner of the cable system that serves my address. The last downsizing step was cancelling all service.
by FactualFran
Mon Jun 19, 2017 12:42 pm
Forum: Personal Consumer Issues
Topic: Best Cheap Champagne
Replies: 60
Views: 3971

Re: Best Cheap Champagne

The posts made here have induced me to try some of the low cost wines mentioned. Thanks for the suggestions.
by FactualFran
Wed Jun 14, 2017 3:52 pm
Forum: Personal Consumer Issues
Topic: Best Cheap Champagne
Replies: 60
Views: 3971

Re: Best Cheap Champagne

Best is a matter of taste. If cheapness is more important than quality, then forget about Champagne (sparkling wine made in a certain way from grapes grown in a certain region of France). If there is a Trader Joe's near you that sells wine, see if they have any bottles of Trader Joe's Reserve North ...
by FactualFran
Fri Jun 09, 2017 3:08 pm
Forum: Investing - Help with Personal Investments
Topic: How am I confused about YTD return?
Replies: 11
Views: 1177

Re: How am I confused about YTD return?

They agree with Ishares that the (trailing total return) NAV YTD return is 2.91% and the expense ratio is 0.07. HOWEVER they agree with Yahoo that the Annual Return Price YTD is -0.30%. (Annual Return NAV YTD is -0.20%) SO, what is the difference between Annual Return YTD and Trailing Total Return ...
by FactualFran
Thu Jun 08, 2017 3:52 pm
Forum: Investing - Theory, News & General
Topic: Retirees: What are you doing about withdrawing?
Replies: 31
Views: 4277

Re: Retirees: What are you doing about withdrawing?

My "systematic strategy" is at the end of every month: move enough money from my investment accounts to my spending account so the spending account has enough money for the next month's worth of spending. I manage the investment accounts to try to have enough in money market funds to cover...
by FactualFran
Tue May 30, 2017 2:42 pm
Forum: Investing - Help with Personal Investments
Topic: Cost Basis Question
Replies: 13
Views: 565

Re: Cost Basis Question

With Specific Identification (or some brokers might call it Actual Cost), the Cost Basis does not change for shares simply because you bought or sold some other shares. That is NOT the case with Average Cost where the Cost Basis changes whenever you buy or sell shares. The average basis per share d...
by FactualFran
Thu May 25, 2017 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: Help with filling out 8606
Replies: 3
Views: 362

Re: Help with filling out 8606

The value on line 2 of the form for 2015 is 11000. Where did the basis of 5500 in addition to the 5500 on line 14 of the form for 2014 come from? Where did the value of 5500 on line 4 of the form for 2015 come from? In the opening post you wrote that in March 2015 you contributed to an IRA for both ...
by FactualFran
Tue May 23, 2017 2:39 pm
Forum: Investing - Theory, News & General
Topic: yahoo finance - adjusted price data incorrect?
Replies: 62
Views: 6357

Re: yahoo finance - adjusted price data incorrect?

Sadly, I think the days of using Excel, R, and other programs to automatically download free end of day stock data are over. Yahoo Finance is not the only company that has stopped automatic downloading of historical stock data. I think Google has stopped it as well. I suspect that it is Yahoo's dat...
by FactualFran
Tue May 23, 2017 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: [Wiki] - Pro-rata rule impact on Roth IRA recharacterization
Replies: 30
Views: 1918

Re: [Wiki] - Pro-rata rule impact on Roth IRA recharacterization

I think the above cases are examples of us using different terminology when referring to the same account. I pulled up some old Mutual Fund account statements from Vanguard online. When you look at the holdings for an account, don't you see a column header labeled "Fund & Account" for...
by FactualFran
Mon May 22, 2017 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: [Wiki] - Pro-rata rule impact on Roth IRA recharacterization
Replies: 30
Views: 1918

Re: [Wiki] - Pro-rata rule impact on Roth IRA recharacterization

The way I have seen my accounts over the last 40 years at Vanguard, was that each individual holding was identified by a 4-digit fund number, a dash, then an 11-digit account number. So you can have multiple funds in an account and the same fund in multiple accounts. Putting some of what I previous...
by FactualFran
Mon May 22, 2017 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: [Wiki] - Pro-rata rule impact on Roth IRA recharacterization
Replies: 30
Views: 1918

Re: [Wiki] - Pro-rata rule impact on Roth IRA recharacterization

I get the feeling that Hushpuppy sees something significant in "unique account numbers" that I am missing. Can any other readers respond to this point? This thread has been viewed over 700 times so far, so possibly a few of you should be able to paraphrase what Hushpuppy's concern is --or...
by FactualFran
Sun May 21, 2017 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: [Wiki] - Pro-rata rule impact on Roth IRA recharacterization
Replies: 30
Views: 1918

Re: [Wiki] - Pro-rata rule impact on Roth IRA recharacterization

Perhaps we could phrase something like: If you are contemplating a recharacterization strategy involving multiple Roth and/or traditional IRAs, Vanguard's brokerage service platform may be unable to execute this strategy in a tax-efficient manner. See (this post). I think that stating that Vanguard...
by FactualFran
Sun May 21, 2017 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: Re-characterization of Roth contribution "opportunity" issue
Replies: 23
Views: 1742

Re: Re-characterization of Roth contribution "opportunity" issue

Mystified, because you have not yet re-characterized, I am wondering if you could transfer the Roth assets you do not want to re-characterize to a different custodian and then re-characterize just the portion of the money market fund that you desire. (Effectively isolating Roth assets, before re-ch...
by FactualFran
Fri May 19, 2017 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: IRS says I owe..I don't
Replies: 31
Views: 4457

Re: IRS says I owe..I don't

I don't believe the amounts above are correct. Since both $6,500 conversions were done in Feb 2015, the Form 8606 for 2015 should show $6,500 on lines 1 and 2. All other $6,500 amounts listed above for 2015 should be $13,000. Since there were no conversions done in 2014, the Form 8606 for 2014 shou...
by FactualFran
Fri May 19, 2017 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: Re-characterization of Roth contribution "opportunity" issue
Replies: 23
Views: 1742

Re: Re-characterization of Roth contribution "opportunity" issue

As you can imagine, I am a bit taken back at having to take 12K extra out of my Roth that I didn't earn, put it into my tIRA and then pay taxes on it again when I get distributions out of my tIRA. For my specific situation it amounts to being taxed twice on this 12K. However, the tax ramifications ...
by FactualFran
Fri May 19, 2017 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: IRS says I owe..I don't
Replies: 31
Views: 4457

Re: IRS says I owe..I don't

Check what is on your copies of Form 8606 that you submitted to the IRS. Also, check that the values on lines 8 and 10 of Form 8606 are included in the appropriate lines of Form 1040, Form 1040A, or Form 1040NR. Based on what you wrote in the opening post, for both 2014 and 2015 the only non-blank l...
by FactualFran
Thu May 18, 2017 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: IRS says I owe..I don't
Replies: 31
Views: 4457

Re: IRS says I owe..I don't

You stated that you submitted Form 8606. If you submitted them separately, rather than with the return, the IRS may have not associated each with the correct return. Contact the IRS and ask if the return they have on record for you for each of those two years includes a Form 8606.
by FactualFran
Thu May 18, 2017 3:56 pm
Forum: Investing - Theory, News & General
Topic: Discrepancy in Reported Fund Price - What to Do?
Replies: 13
Views: 1037

Re: Discrepancy in Reported Fund Price - What to Do?

You have done the "What to Do" by contacting Vanguard. Give them time to investigate the issue. NAV discrepancies can occur. With the investors shares version of the fund (Vanguard Total Bond Market Index), the NAV at the end of 2001 is reported to have been $10.14. However, the total retu...
by FactualFran
Thu May 18, 2017 2:06 pm
Forum: Investing - Theory, News & General
Topic: yahoo finance - adjusted price data incorrect?
Replies: 62
Views: 6357

Re: yahoo finance - adjusted price data incorrect?

My VMBFX adj close values for 4/27, 4/28, and 5/1 are 10.709, 10.719, and 10.720. What do you propose they should be? The adjusted close value should be: 10.709, 10.74, and 10.72. 10.74 is the value that results from the formula I suggested for cell D4: D5*B4/(B5*(1+C5/E5)). When that formula in D4...
by FactualFran
Wed May 17, 2017 4:06 pm
Forum: Investing - Theory, News & General
Topic: yahoo finance - adjusted price data incorrect?
Replies: 62
Views: 6357

Re: yahoo finance - adjusted price data incorrect?

I've been creating my own "adjusted close" column while waiting for yahoo to get its act together. You just combine their price and dividend values then add a column for adjusted close. Here's a sample using VBMFX - the formula is spelled out in column E. http://i66.tinypic.com/50fg90.png...
by FactualFran
Thu May 11, 2017 3:35 pm
Forum: Investing - Theory, News & General
Topic: Why Does The 60/40 Work So Well?
Replies: 81
Views: 11770

Re: Why Does The 60/40 Work So Well?

Right, but the "rebalancing bonus" may not be all it's cracked up to be. [...] QUESTION: In this case is it only return from price appreciation that matters? Do dividends count? As I wrote: "The best [portfolio allocation] may be some other ratio that turns out to exhibit a rebalanci...
by FactualFran
Thu May 11, 2017 2:25 pm
Forum: Investing - Theory, News & General
Topic: Why Does The 60/40 Work So Well?
Replies: 81
Views: 11770

Re: Why Does The 60/40 Work So Well?

I always liked 50/50 because I could think of it as TWO independent portfolios: 100/0 and 0/100. ONE of those HAS to turn out to be the best and the other is unlikely to lose much, so try them both. A 50/50 fund is equivalent to two portfolios, one 100/0 and the other 0/100, only if there is rebala...
by FactualFran
Tue May 09, 2017 4:10 pm
Forum: Investing - Theory, News & General
Topic: Dividend stocks vs S&P 500
Replies: 24
Views: 2779

Re: Dividend stocks vs S&P 500

On a quick Google, the only thing I could find that actually tracks the S&P Dividend Aristocrats index is the ProShares ETF, NOBL. And since their web page says "NOBL is the only ETF that focuses on the Dividend Aristocrats," I'll assume I didn't miss anything. Well, it doesn't go bac...
by FactualFran
Tue May 09, 2017 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: ES-1040 taxes - any issues with periodic payments
Replies: 6
Views: 367

Re: ES-1040 taxes - any issues with periodic payments

Don't know if once you pay into the "system" it then starts expecting all 4 payments, and triggers some kind of "penalty" if one is missed ? There is no "penalty" specifically for making a payment for a quarter and then not making a payment for a later quarter. There m...
by FactualFran
Mon May 08, 2017 3:01 pm
Forum: Investing - Help with Personal Investments
Topic: Interest calculation anamoly on I-Bonds
Replies: 4
Views: 481

Re: Interest calculation anamoly on I-Bonds

Along the lines of what Mel wrote, the first three in the list are up to three months old and have no interest credited so far due to the three month penalty. The one issued 01/2017 is four months old and has been credited with one month of its initial composite (annual) rate of 2.76%. The ones issu...
by FactualFran
Sat May 06, 2017 12:48 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard CSV file of fund performance history
Replies: 16
Views: 1381

Re: Vanguard CSV file of fund performance history

What I'm really trying to get at (maybe poorly stated) are the components of Total Return: i.e., Growth (NAV increase/decrease) and Distributions (e.g., CG distributions and dividends). The components of Total Return used by Vanguard, such as on the web page with the historical returns of the Vangu...
by FactualFran
Fri May 05, 2017 1:13 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard CSV file of fund performance history
Replies: 16
Views: 1381

Re: Vanguard CSV file of fund performance history

Anyway to get the distributions since inception? Not as far as I know. I mentioned a way to do it in the reply immediately before yours. Get total return data from Portfolio Visualizer, and get price data from Vanguard. Calculate monthly price return. Subtract price return from total return to get ...
by FactualFran
Thu May 04, 2017 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA vs. Backdoor Roth IRA
Replies: 12
Views: 920

Re: Roth IRA vs. Backdoor Roth IRA

If you just do a conversion the day after the tIRA contribution, there's no income to worry about. So a backdoor approach still is the simplest with no real downside (assuming you won't withdraw contributions within five years). I have the impression that the person who wrote the opening post would...
by FactualFran
Thu May 04, 2017 2:31 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard CSV file of fund performance history
Replies: 16
Views: 1381

Re: Vanguard CSV file of fund performance history

Anyway to get the distributions since inception? Not as far as I know. http://finance.yahoo.com has distributions, in addition to the prices as mentioned by livesoft. However, the history available there may not go all the way back to the inception date, the distribution per share is given as a tot...
by FactualFran
Wed May 03, 2017 3:59 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard CSV file of fund performance history
Replies: 16
Views: 1381

Re: Vanguard CSV file of fund performance history

The complete price history of Vanguard funds are available through the Vanguard web site for Institutional Investors. Do the following ⋅ Open https://institutional.vanguard.com/web/cf/inst-investor-home/#/ ⋅ Click on the search icon (magnifiying glass image) near the top right co...

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