Search found 259 matches

by FoolStreet
Sat Apr 30, 2016 12:45 am
Forum: Personal Consumer Issues
Topic: So, are Bogleheads Bourbon or Scotch drinkers?
Replies: 41
Views: 1189

Re: So, are Bogleheads Bourbon or Scotch drinkers?

My regular whiskey is a simple Evan Williams Bourbon. 15$ at Total Wine. 1.75 L. But I do like a good Single Malt. Not so much a Blended guy. Ok. Funny story only a Bogleheads would appreciate. I go to my local liquor store market. I am looking for some bourbon made in Utah to take to a Holiday din...
by FoolStreet
Thu Apr 28, 2016 11:15 am
Forum: Investing - Help with Personal Investments
Topic: HELP - need advisor-leaving advice quick...
Replies: 20
Views: 1425

Re: HELP - need advisor-leaving advice quick...

Glad to see your list. Impressive balances. Nice. Here are some generalities. We usually recommend : 1. Pick your goal AA. You are about 90/10 stocks to fixed income (I'll call Cash FI for simplicity here). What do you want? 2. Figure out your losses on individual shares. You can sell those first a...
by FoolStreet
Thu Apr 28, 2016 12:26 am
Forum: Personal Finance (Not Investing)
Topic: mortgage pre payment, why?
Replies: 101
Views: 9916

Re: mortgage pre payment, why?

CA residents are subject to the AMT, but this may actually make mortgage deductions more valuable. ... +1 I don't understand. Can you elaborate please? I read Kitces article on AMT and it seemed like MFJ is in the AMT hump up until something like $500k income. AMT is incredibly confusing. If you ar...
by FoolStreet
Wed Apr 27, 2016 11:10 pm
Forum: Investing - Help with Personal Investments
Topic: Critique Fixed Income Strategy - GNMA Dominance
Replies: 19
Views: 1270

Re: Critique Fixed Income Strategy - GNMA Dominance

The Stable Value Summary under Risk says "The fund is backed by a diversified portfolio of fixed-income assets held in the general account of the issuer. Guarantees are subject to the claims paying ability of the issuer. Restrictions or fees may apply to exchanges or withdrawals. The Contracts...
by FoolStreet
Wed Apr 27, 2016 8:37 pm
Forum: Investing - Help with Personal Investments
Topic: Critique Fixed Income Strategy - GNMA Dominance
Replies: 19
Views: 1270

Re: Critique Fixed Income Strategy - GNMA Dominance

Vanguard shows GNMA fund SEC of 2.37 and negative con exits as mentioned previously. Why not use stable value fund? My 401K is with Fidelity, so Vanguard is not an option for those funds. Perhaps I'm misunderstanding, but stable value is guaranteed by the claims paying ability of MetLife. Unlike GN...
by FoolStreet
Wed Apr 27, 2016 7:40 pm
Forum: Investing - Help with Personal Investments
Topic: FIBAX Fidelity Intermediate Treasury index fund - State tax exempt?
Replies: 6
Views: 378

Re: FIBAX Fidelity Intermediate Treasury index fund - State tax exempt?

I hold FIBAX Fidelity Spartan intermediate Treasury Index fund in my taxable account. Please hold off advising not to hold in taxable - I have my reasons. Is the interest from this fund exempt from state tax? I'm in Georgia if that makes a difference. If so how much - all of it? Is there anywhere t...
by FoolStreet
Wed Apr 27, 2016 8:22 am
Forum: Investing - Help with Personal Investments
Topic: Critique Fixed Income Strategy - GNMA Dominance
Replies: 19
Views: 1270

Re: Critique Fixed Income Strategy - GNMA Dominance

Looking for some insightful critique beyond mantras like "Keep it simple" or that I'm "overthinking". I like overthinking. So I'm looking at my fixed income portfolio. Can't list the whole thing, but just looking at my dominant options I keep coming up with the notion that the F...
by FoolStreet
Tue Apr 26, 2016 11:08 pm
Forum: Personal Finance (Not Investing)
Topic: mortgage pre payment, why?
Replies: 101
Views: 9916

Re: mortgage pre payment, why?

Are CA residents exempt from AMT? I am still having hard time believing that high mortgage, high real estate taxes and high state taxes and high income has not put OP in the AMT. Once AMT hits, all the rules are different. Or may be I am the one who has misunderstood AMT. CA residents are subject t...
by FoolStreet
Tue Apr 26, 2016 7:53 pm
Forum: Investing - Help with Personal Investments
Topic: HELP - need advisor-leaving advice quick...
Replies: 20
Views: 1425

Re: HELP - need advisor-leaving advice quick...

Welcome, Ok, you have lots of questions, but you are approaching this is the right way--one thing at a time. For other questions, start another post. Meanwhile, I'm in few funds that have 1% or so loads, plus a whole mess of other stuff. And for reasons I can't make out, since even a simple S&P...
by FoolStreet
Sun Apr 24, 2016 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Irrevocable Trust - Am I being Bamboozled?
Replies: 50
Views: 4762

Re: Irrevocable Trust - Am I being Bamboozled?

Of course you're being bamboozled. You've been sold an asset hiding scheme by a lawyer. Do you think hiding your mother's assets so she could qualify for a program that is meant for people with much less is possibly ethical? I'm surprised this thread hasn't been locked and/or deleted for such a dis...
by FoolStreet
Sat Apr 23, 2016 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: Question for the Bogleheads Millionaires
Replies: 355
Views: 48104

Re: Question for the Bogleheads Millionaires

Well, being a millionaire living in the San Francisco Bay Area, I feel rather "poor" on most days. According to a recent Charles Schwab study, one needs a net worth of at least $6 million to feel "wealthy" in this area. Repeating the posting of my favorite chart to show how intr...
by FoolStreet
Sat Apr 23, 2016 9:08 am
Forum: Investing - Help with Personal Investments
Topic: Moving from Edward Jones to Vanguard
Replies: 14
Views: 1193

Re: Moving from Edward Jones to Vanguard

Because these are tax advantage accounts, I don't think there is any tax implications to just having Vanguard pull them over, then selling within Vanguard and replacing with a target date, life strategy or 3-fund portfolio.

Do you have a 401k or taxable accounts to add to the conversation?
by FoolStreet
Thu Apr 21, 2016 8:55 pm
Forum: Investing - Theory, News & General
Topic: Bond Fund Strategy?
Replies: 26
Views: 2708

Re: Bond Fund Strategy?

My advice, like others, is to forget about bond market timing. I guess I gave everyone the wrong impression because I said I am not interested in long term bonds. I have no intention of timing bonds or stocks. Whatever I decide on, I will maintain that ratio for a decade or more. I would like to ha...
by FoolStreet
Wed Apr 20, 2016 10:11 pm
Forum: Investing - Help with Personal Investments
Topic: Financial Engines (Vanguard) tax exempt bond recommendation
Replies: 6
Views: 689

Re: Financial Engines (Vanguard) tax exempt bond recommendation

I always thought it was recommended for bond side to be short to intermediate...Financial Engines is recommending for high tax bracket, in our taxable account, 50percent into intermediate term tax exempt and 50percent into long term tax exempt. Why not 100percent into intermediate? It's diversified...
by FoolStreet
Wed Apr 20, 2016 1:37 pm
Forum: Personal Consumer Issues
Topic: Want to buy a home safe - advice?
Replies: 36
Views: 2957

Re: Want to buy a home safe - advice?

How do the ladies feel about using a safe for jewelry. It seems odd to go down to the basement every Friday night to get something. Wife wants something waist high in or near the master bedroom. But isn't that the most obvious and easiest to be stolen? How does one install a bolt in the floor if yo...
by FoolStreet
Wed Apr 20, 2016 1:24 pm
Forum: Personal Consumer Issues
Topic: Want to buy a home safe - advice?
Replies: 36
Views: 2957

Re: Want to buy a home safe - advice?

How do the ladies feel about using a safe for jewelry. It seems odd to go down to the basement every Friday night to get something. Wife wants something waist high in or near the master bedroom. But isn't that the most obvious and easiest to be stolen? How does one install a bolt in the floor if you...
by FoolStreet
Wed Apr 20, 2016 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: Unwinding Parent/Child joint real estate purchase
Replies: 10
Views: 826

Re: Unwinding Parent/Child joint real estate purchase

kaudrey wrote:Yes, you would use a quit claim deed for this purpose.


Yes, but wouldn't he want to pay her back, first?
by FoolStreet
Fri Apr 15, 2016 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: When was the most stressful financial time in your life?
Replies: 94
Views: 9915

Re: When was the most stressful financial time in your life?

I can imagine 4: 1. My father died awhen I was very young. Grandparents didn't seem helpful. Mom moved to start anew. She had some money from death benefits but was otherwise on her own with the two of us. She bought a small house. Can't imagine. 2. Mom and Dad married and moved into a larger house....
by FoolStreet
Fri Apr 15, 2016 8:22 am
Forum: Investing - Help with Personal Investments
Topic: After-Tax 401K w/ In-Plan Roth conversion vs Taxable
Replies: 16
Views: 1221

Re: After-Tax 401K w/ In-Plan Roth conversion vs Taxable

My employer recently started offering After-Tax (non Roth) contribution option in the 401K plan. I have done some reading on it and After-Tax contributions do seem like a good option but am not able to clearly decide if I should be making After-Tax contributions to 401K or just keep contributions g...
by FoolStreet
Thu Apr 14, 2016 8:00 pm
Forum: Personal Finance (Not Investing)
Topic: grateful for any input on a major, urgent real estate decision
Replies: 75
Views: 4829

Re: grateful for any input on a major, urgent real estate decision

What exactly do you mean when you wrote "a price that is 1. significantly below the current market value of the house, and 2. significantly more than we'd like to pay?" Are we talking $10,000 for #1 and $100,000 for #2 - or are we talking $200,000 for #1 and $300,000 for #2? More? Less? #...
by FoolStreet
Tue Apr 12, 2016 8:00 am
Forum: Personal Consumer Issues
Topic: Harry Potter World: Trip Advice
Replies: 23
Views: 1836

Re: Harry Potter World: Trip Advice

Hello All, I have an annual week long training that is being held in July out in Orlando and I'm planning on having my wife come out at the end of the training so we can spend the weekend. We are planning to visit the Wizarding World of Harry Potter since she's always wanted to go but wanted to rea...
by FoolStreet
Sun Apr 10, 2016 11:39 pm
Forum: Personal Finance (Not Investing)
Topic: Legal Fees for Trusts and Wills
Replies: 42
Views: 4405

Re: Legal Fees for Trusts and Wills

... It cost us $2500 for 2 Wills 1 Trust 2 Durable POA 2 Healthcare directives ... A lot of people also do spendrift clauses; e.g. child(ren) get x% at age 21, 25 & 35. But that will depend on your assets. It might have been worth your spending a bit more to have trusts for your children that d...
by FoolStreet
Sun Apr 10, 2016 6:23 pm
Forum: Personal Consumer Issues
Topic: Free old BMW worth it?
Replies: 44
Views: 4292

Re: Free old BMW worth it?

Run, don't walk away. The E39 breaks all the time and is expensive to fix. Been there done that. Yuck.
by FoolStreet
Sun Apr 03, 2016 1:45 am
Forum: Personal Finance (Not Investing)
Topic: AMT, how to avoid?
Replies: 21
Views: 1779

Re: AMT, how to avoid?

Here is an excellent article that is worth reviewing. https://www.kitces.com/blog/evaluating-exposure-to-the-alternative-minimum-tax-and-strategies-to-reduce-the-amt-bite/ Try to avoid the AMT bump zone. Note that there is a sweet spot after the bump zone. One of the key factors is understanding ho...
by FoolStreet
Sun Apr 03, 2016 1:16 am
Forum: Investing - Help with Personal Investments
Topic: Muni Bonds for My Tax Level?
Replies: 25
Views: 2869

Re: Muni Bonds for My Tax Level?

Regarding single-state muni funds, I am in California, and I have not found the single state offering from Vanguard too compelling: Vanguard CA Intermediate Tax-Exempt (VCADX): Yield: 1.44% 4.9-yr duration Credit quality: AAA, AA, A, BBB = 8%, 71%, 13%, 4% Vanguard Intermediate Tax-Exempt (VWIUX): ...
by FoolStreet
Sat Apr 02, 2016 8:10 am
Forum: Investing - Help with Personal Investments
Topic: Advice for my parents (retired, risk adverse)
Replies: 11
Views: 874

Re: Advice for my parents (retired, risk adverse)

Or try to find a reliable property manager for the rentals. There is a lot of good advice here. Depending on rental income and cost basis, this could make sense. Also, think about estate planning and paying taxes on the properties now if sold, versus passed in the estate. Example: If kept, parents ...
by FoolStreet
Tue Mar 15, 2016 2:10 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio with IBM 401k Review Request
Replies: 9
Views: 1191

Re: Portfolio with IBM 401k Review Request

The Excess 401k plan kicks is applicable to income over $250k as has been stated. However, in practical terms I have found it to be not very helpful because of the contribution rules. However, I found that in practical terms, committing a percentage of future income which cannot be changed once set...
by FoolStreet
Tue Mar 15, 2016 1:53 am
Forum: Investing - Help with Personal Investments
Topic: Switching financial planners?
Replies: 82
Views: 5906

Re: Switching financial planners?

OK. I think I'm starting to get it fellow Bogleheads. <snip> It's maddening to wade through statements from both TIAA and UBS. <snip> or is that the point, pick a tolerance and live with it? I love seeing it start to "click". Kudos to your grit and determination. There are times when we s...
by FoolStreet
Mon Mar 14, 2016 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: For Parents Who Have Given a Child Money For Home Down Payment
Replies: 158
Views: 10826

Re: For Parents Who Have Given a Child Money For Home Down Payment

Betterfinances, it's a cash-flow issue. As I noted, and as most Bogleheads would agree, prudence dictates saving in tax-deferred vehicles (401K, IRA, and the like). In addition, many "techies" are compensated with a modest salary, combined with generous stock options. After-tax savings ar...
by FoolStreet
Mon Mar 14, 2016 11:37 am
Forum: Investing - Help with Personal Investments
Topic: Bonds in taxable account; muni bonds worthwhile?
Replies: 22
Views: 2586

Re: Bonds in taxable account; muni bonds worthwhile?

The avidce I took was to split half the money and put half into Interm Tax Exempt as suggested above. And take the other half and put it into long term CA. I have the stability of the national and the income from the state-specific. The two provide blended positive results. If you aren't in Califor...
by FoolStreet
Mon Mar 14, 2016 11:34 am
Forum: Investing - Help with Personal Investments
Topic: Bonds in taxable account; muni bonds worthwhile?
Replies: 22
Views: 2586

Re: Bonds in taxable account; muni bonds worthwhile?

The avidce I took was to split half the money and put half into Interm Tax Exempt as suggested above. And take the other half and put it into long term CA. I have the stability of the national and the income from the state-specific. The two provide blended positive results. If you aren't in Californ...
by FoolStreet
Sat Mar 12, 2016 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Helping adult son with a house down payment
Replies: 8
Views: 972

Re: Helping adult son with a house down payment

Yes, a lender will want seasoning of the funds in his name for some time. But I agree with the realtor. Ask the bank for instructions and provide the gift letter. It is a gift, anyway. He must be incredibly appreciative!
by FoolStreet
Fri Mar 11, 2016 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritance diverted to me in order to support mother
Replies: 25
Views: 3184

Re: Inheritance diverted to me in order to support mother

They can trust you, which sounds reasonable in this case. Otherwise, for a couple of thousand dollars, you can get an estate lawyer that will set you up as an administrator and trustee for your mother's share. A bank as co-trustee / auditor might cost another 1% a year for as long as your mother li...
by FoolStreet
Tue Mar 08, 2016 1:35 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio with IBM 401k Review Request
Replies: 9
Views: 1191

Re: Portfolio with IBM 401k Review Request

I think your plan is fine. I probably would adjust 5% every 5 years because I'm lazy. I'm curious what "excess 401k" is. Let's say that IBM matches 3% for every 6% you contribute. Then, they contribute an extra 4 or 5% for legacy employees who used to get a cash value pension contribution...
by FoolStreet
Sun Mar 06, 2016 9:52 pm
Forum: Personal Finance (Not Investing)
Topic: Holding RSU/ESPP for ≥ 1 year
Replies: 13
Views: 969

Re: Holding RSU/ESPP for ≥ 1 year

I recently completed my 2015 taxes and am having a change of heart on my "sell immediately" mentality. Since joining my technology firm in the California bay area 4 years ago my annually vesting RSUs have become 1.5x my salary. The salary and bonus put me into the 28% federal tax bracket....
by FoolStreet
Sun Mar 06, 2016 5:00 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio with IBM 401k Review Request
Replies: 9
Views: 1191

Re: Portfolio with IBM 401k Review Request

Hi Brit, What is OFJE? In general, you say you want 40:60 (bond:stock) now and want to move to 60:40, then finally 75:25. If that is your risk tolerance and ability to take risk, then sounds fine to me. If you already hitting the IBM Excess 401k plan, then you are making a good healthy income. Nice ...
by FoolStreet
Sun Mar 06, 2016 11:23 am
Forum: Investing - Help with Personal Investments
Topic: Annual bonus
Replies: 10
Views: 1505

Re: Annual bonus

We received our bonus today and shocked to see only half of the bonus in the bank. I did not elect to contribute part of it to 401k. Is it recommended to do ? Are there any benefits to contributing bonus to 401k ? I highly recommend putting bonus money in the 401k and ESPP, up to the match (don't o...
by FoolStreet
Sun Mar 06, 2016 11:18 am
Forum: Investing - Theory, News & General
Topic: "Why IBM Moved to Indexing"
Replies: 22
Views: 3996

Re: "Why IBM Moved to Indexing"

After some posts on this site about Stable Value funds I went and looked at my IBM 401K list of funds for one. I couldn't find any Stable Value. Good point on 1). I have all the rest of my retirement funds with Vanguard so that is the only reason. 1) Why move your IBM 401K money to Vanguard? The 40...
by FoolStreet
Sat Mar 05, 2016 10:02 am
Forum: Investing - Theory, News & General
Topic: "Why IBM Moved to Indexing"
Replies: 22
Views: 3996

Re: "Why IBM Moved to Indexing"

Good point on 1). I have all the rest of my retirement funds with Vanguard so that is the only reason. I haven't moved my IBM 401K money to Vanguard yet but I probably will. I did not take advantage of the post-tax 401K because I didn't understand (and probably still don't) the benefit. 1) Why move...
by FoolStreet
Fri Mar 04, 2016 11:18 pm
Forum: Investing - Help with Personal Investments
Topic: Annual bonus
Replies: 10
Views: 1505

Re: Annual bonus

We received our bonus today and shocked to see only half of the bonus in the bank. I did not elect to contribute part of it to 401k. Is it recommended to do ? Are there any benefits to contributing bonus to 401k ? I highly recommend putting bonus money in the 401k and ESPP, up to the match (don't o...
by FoolStreet
Fri Mar 04, 2016 11:09 pm
Forum: Personal Consumer Issues
Topic: Cast Iron Frying Pans
Replies: 71
Views: 6563

Re: doing it wrong

For the life of me, I can't figure out how to use our le creuset cast iron skillet....Then tried bar keepers friend, then just left it to soak. Yes, I had to use soap the get the junk off.. No! You are doing it all wrong! Never use soap, detergent, scrubbing powder on a seasoned cast iron skillet a...
by FoolStreet
Fri Mar 04, 2016 11:02 pm
Forum: Investing - Theory, News & General
Topic: "If You Can" book - Free Promo
Replies: 27
Views: 3817

Re: "If You Can" book - Free Promo

Minsc wrote:Thank you!



Make way villainy! Hero coming through! - Minsc Baldur's Gate II


Make way fees! Bernstein coming through! - Minsc Bogleheads
by FoolStreet
Fri Mar 04, 2016 3:05 pm
Forum: Personal Consumer Issues
Topic: Cast Iron Frying Pans
Replies: 71
Views: 6563

Re: Le Creuset bigot

Own a 11+ inch Le Creuset skillet. http://www.lecreuset.com/signature-deep-skillet Love it. Use it 5 days a week. Also a smaller Lodge. https://www.lodgemfg.com/skillets-and-covers/8-inch-cast-iron-skillet.asp Prefer the French one. 1. A tad shallower. Is more useful that way. 2. The sides are more...
by FoolStreet
Fri Mar 04, 2016 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard Trust Services
Replies: 19
Views: 1371

Re: Vanguard Trust Services

Don't worry about the income taxes. If the trust is $550,000, and it's invested 60% in stocks yielding 2% and 40% in tax-exempt bonds, it will have $6,600 of dividend income, taxable at 15%. If the bond portion is in taxable bonds yielding 2.5%, that will add another $5,500 of taxable income, for a...
by FoolStreet
Fri Mar 04, 2016 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: Bonus taxed at 44.46%?
Replies: 39
Views: 4507

Re: Bonus taxed at 44.46%?

Also, don't forget about taking $ out for 401k, ESPP, etc. This is a great time to pack away some good savings. I pretty much always plan for about 50-55% net payment.
by FoolStreet
Thu Mar 03, 2016 12:33 am
Forum: Personal Finance (Not Investing)
Topic: Liquidating RSUs
Replies: 33
Views: 2590

Re: Liquidating RSUs

Just found out that the backup withholding is because they supposedly dont have a W9 on record. Unbelievable! The entire transaction is now at a 55%+ tax rate. Not the end of the world. File the W9 before your next vesting and it won't happen again. Also, it's not a 55% tax rate, it's a 55% withhol...
by FoolStreet
Thu Mar 03, 2016 12:29 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard Trust Services
Replies: 19
Views: 1371

Re: Vanguard Trust Services

Don't worry about the income taxes. If the trust is $550,000, and it's invested 60% in stocks yielding 2% and 40% in tax-exempt bonds, it will have $6,600 of dividend income, taxable at 15%. If the bond portion is in taxable bonds yielding 2.5%, that will add another $5,500 of taxable income, for a...
by FoolStreet
Thu Mar 03, 2016 12:20 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard Trust Services
Replies: 19
Views: 1371

Re: Vanguard Trust Services

Don't worry about the income taxes. If the trust is $550,000, and it's invested 60% in stocks yielding 2% and 40% in tax-exempt bonds, it will have $6,600 of dividend income, taxable at 15%. If the bond portion is in taxable bonds yielding 2.5%, that will add another $5,500 of taxable income, for a...
by FoolStreet
Thu Mar 03, 2016 12:13 am
Forum: Investing - Help with Personal Investments
Topic: RSU/ISO - Transfer To Separate Brokerage Account?
Replies: 12
Views: 584

Re: RSU/ISO - Transfer To Separate Brokerage Account?

You would have to call them and ask. I tried to transfer ESPP shares from ETrade for a donation and they said the type of account I had would not allow it.
by FoolStreet
Wed Mar 02, 2016 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Liquidating RSUs
Replies: 33
Views: 2590

Re: Liquidating RSUs

At the point of liquiding, but still confused with the taxes. To illustrate, lets assume I have 100units of RSUs. 1. 100units award fully vested with stock worth $1. Total value = $100 2. Sell instruction - told its not worth $64. I assume its tax withholding by my company. Is this correct? 3. Poin...

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