Search found 154 matches

by GaryA505
Thu Sep 14, 2017 12:12 pm
Forum: Investing - Help with Personal Investments
Topic: US stock, non-US stock, or total bond in ROTH?
Replies: 6
Views: 430

Re: US stock, non-US stock, or total bond in ROTH?

Ah, good info here, thanks.

Also, if the Roth is large enough, I was thinking that during withdrawal I might be able to take a portion from the Roth if I'm getting near the next bracket for taxation of SS.
by GaryA505
Thu Sep 14, 2017 11:42 am
Forum: Investing - Help with Personal Investments
Topic: US stock, non-US stock, or total bond in ROTH?
Replies: 6
Views: 430

US stock, non-US stock, or total bond in ROTH?

For someone with a traditional IRA (~$250,000) and Roth (~$25,000), using a BH 3-fund (TSM, TISM, TBM) with each part of the allocation greater than $25,000, which one should fill up the Roth first?
by GaryA505
Sun Sep 10, 2017 11:52 pm
Forum: Investing - Theory, News & General
Topic: Differences between retirement-oriented funds?
Replies: 4
Views: 530

Differences between retirement-oriented funds?

There's something I've been wondering about and maybe someone here has some insight on this. I've noticed that some retirement-oriented mutual funds have totally different portfolios. If you take a look inside the target date funds of Vanguard, Fidelity, and TRP, yes they all contain very similar ho...
by GaryA505
Sun Sep 10, 2017 11:42 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Target Date 2015 vs Managed Payout - Is this a dumb question?
Replies: 10
Views: 1836

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 GaryA505
Sun Sep 10, 2017 11:33 pm
Forum: Investing - Help with Personal Investments
Topic: Joint or Individual for new taxable account at Vanguard?
Replies: 24
Views: 1607

Re: Joint or Individual for new taxable account at Vanguard?

Somewhere, an IT person who did this online account application for Vanguard should be fired. On the first screen, when you select account type, "Individual", "Joint", and "Trust" account are the only choices. There is no mention of account registration there at all, and no hints as to how communit...
by GaryA505
Sun Sep 10, 2017 11:28 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard taxable account distributions
Replies: 2
Views: 448

Vanguard taxable account distributions

I opened a taxable account at Vanguard and there's something I don't understand. I don't want distributions reinvested, so I selected this option when I opened the account. I'd rather take the distributions in cash, and maybe once a year I'll make another deposit this account if I have money availab...
by GaryA505
Thu Sep 07, 2017 12:49 pm
Forum: Investing - Help with Personal Investments
Topic: Joint or Individual for new taxable account at Vanguard?
Replies: 24
Views: 1607

Re: Joint or Individual for new taxable account at Vanguard?

Somewhere, an IT person who did this online account application for Vanguard should be fired. On the first screen, when you select account type, "Individual", "Joint", and "Trust" account are the only choices. There is no mention of account registration there at all, and no hints as to how community...
by GaryA505
Thu Sep 07, 2017 12:15 pm
Forum: Investing - Help with Personal Investments
Topic: Joint or Individual for new taxable account at Vanguard?
Replies: 24
Views: 1607

Re: Joint or Individual for new taxable account at Vanguard?

HueyLD wrote:
Thu Sep 07, 2017 11:41 am
I think you have to call Vanguard because their account opening form doesn't have a box for joint community property.

Fidelity's new account form has such a box to check.
Thanks. Maybe I should consider opening this account at Fidelity.
by GaryA505
Thu Sep 07, 2017 11:53 am
Forum: Investing - Help with Personal Investments
Topic: Joint or Individual for new taxable account at Vanguard?
Replies: 24
Views: 1607

Re: Joint or Individual for new taxable account at Vanguard?

On Vanguard's PDF form there is a way to specify Joint account registration, and it clearly states: Joint accounts will be registered as “joint tenants with right of survivorship” unless you indicate otherwise below. However, with Vanguard's online form, when you select "Joint" account, there is no ...
by GaryA505
Thu Sep 07, 2017 11:39 am
Forum: Investing - Help with Personal Investments
Topic: Joint or Individual for new taxable account at Vanguard?
Replies: 24
Views: 1607

Re: Joint or Individual for new taxable account at Vanguard?

Huey, this leads me back to my original question.

How do I open an account at Vanguard as "Community Property", when the only choices are "Individual" and "Joint"? Does "Joint" imply JTWROS? I will pose these questions to Vanguard.
by GaryA505
Thu Sep 07, 2017 11:16 am
Forum: Investing - Help with Personal Investments
Topic: Joint or Individual for new taxable account at Vanguard?
Replies: 24
Views: 1607

Re: Joint or Individual for new taxable account at Vanguard?

Ah, I think I can do a separate IRA for her. I have a SEP-IRA at work, but the phase-out starts at $186000 AGI and we're well below that.
Now, can we also do a Roth for her?
by GaryA505
Thu Sep 07, 2017 11:08 am
Forum: Investing - Help with Personal Investments
Topic: Joint or Individual for new taxable account at Vanguard?
Replies: 24
Views: 1607

Re: Joint or Individual for new taxable account at Vanguard?

I'm opening a new taxable account at Vanguard and don't know which account type to select - Individual or Joint. Does it really make any difference? I've read the other threads on this forum and it's still not clear to me. I already have 2 accounts at Vanguard, a Rollover IRA and Roth. Both are in ...
by GaryA505
Thu Sep 07, 2017 11:02 am
Forum: Investing - Help with Personal Investments
Topic: Joint or Individual for new taxable account at Vanguard?
Replies: 24
Views: 1607

Re: Joint or Individual for new taxable account at Vanguard?

Note that your prior accounts were retirement accounts, which are always individual. If you are married and opening a new account, yes, make it joint. The only exception (and I'm generalizing) is if it was separate property like inheritance. Yes, I think I'm getting there. Since we are in a communi...
by GaryA505
Thu Sep 07, 2017 10:56 am
Forum: Investing - Help with Personal Investments
Topic: Joint or Individual for new taxable account at Vanguard?
Replies: 24
Views: 1607

Re: Joint or Individual for new taxable account at Vanguard?

I'm opening a new taxable account at Vanguard and don't know which account type to select - Individual or Joint. Does it really make any difference? I've read the other threads on this forum and it's still not clear to me. I already have 2 accounts at Vanguard, a Rollover IRA and Roth. Both are in ...
by GaryA505
Thu Sep 07, 2017 2:20 am
Forum: Investing - Help with Personal Investments
Topic: Joint or Individual for new taxable account at Vanguard?
Replies: 24
Views: 1607

Re: Joint or Individual for new taxable account at Vanguard?

Yes, I was only addressing taxable accounts. What did I say that lost you? This part lost me: "You should not create a joint account unless you intend for it to be a JWROS in lieu of a Community Property WROS. Under certain state law, joint tenancy creates a rebuttable presumption that the owners d...
by GaryA505
Wed Sep 06, 2017 8:41 pm
Forum: Investing - Help with Personal Investments
Topic: Joint or Individual for new taxable account at Vanguard?
Replies: 24
Views: 1607

Re: Joint or Individual for new taxable account at Vanguard?

Huey, you lost me. It's just a taxable account at Vanguard.
by GaryA505
Wed Sep 06, 2017 7:00 pm
Forum: Investing - Help with Personal Investments
Topic: Joint or Individual for new taxable account at Vanguard?
Replies: 24
Views: 1607

Re: Joint or Individual for new taxable account at Vanguard?

Also, there's the basis step-up question. I believe that in a community property state (such as ours), the tax code says community property assets step up 100 percent upon the death of a spouse (even though one spouse survives). I believe that a joint account would automatically be considered commun...
by GaryA505
Wed Sep 06, 2017 5:34 pm
Forum: Investing - Help with Personal Investments
Topic: Joint or Individual for new taxable account at Vanguard?
Replies: 24
Views: 1607

Joint or Individual for new taxable account at Vanguard?

I'm opening a new taxable account at Vanguard and don't know which account type to select - Individual or Joint. Does it really make any difference? I've read the other threads on this forum and it's still not clear to me. I already have 2 accounts at Vanguard, a Rollover IRA and Roth. Both are in m...
by GaryA505
Tue Aug 29, 2017 11:10 am
Forum: Investing - Help with Personal Investments
Topic: Using VMVFX Vanguard [Global] Minimum Volatility fund for international.
Replies: 18
Views: 1807

Re: Using VMVFX Vanguard [Global] Minimum Volatility fund for international.

Cool, thanks. Now I do the math and get a result, let's say about $800. What does that mean?
by GaryA505
Tue Aug 29, 2017 12:25 am
Forum: Investing - Help with Personal Investments
Topic: Using VMVFX Vanguard [Global] Minimum Volatility fund for international.
Replies: 18
Views: 1807

Re: Using VMVFX Vanguard [Global] Minimum Volatility fund for international.

Can anyone comment on the amount of the foreign tax credit you might get for VMVFX if held in a taxable account? It's less tax efficient than a total US stock index fund, but this might be offset somewhat by the foreign tax credit.
by GaryA505
Wed Aug 23, 2017 4:57 pm
Forum: Investing - Help with Personal Investments
Topic: What is the portfolio role of a leveraged bond fund like PONDX?
Replies: 55
Views: 2803

Re: What is the portfolio role of a leveraged bond fund like PONDX?

I'm trying to decide if I should invest a small amount in PONDX... I'm currently at a fairly conservative 70/30 allocation in my early 30s, I was at 80/20 but I think my risk tolerance is better at 70/30. Currently, my tax-advantaged space is all total bond market (VBTIX/AGG) and I have some tax ex...
by GaryA505
Tue Aug 22, 2017 4:53 pm
Forum: Investing - Help with Personal Investments
Topic: PONDX asset allocation a negative % for cash?
Replies: 8
Views: 1019

Re: PONDX asset allocation a negative % for cash?

What would happen to PONDX if short term rates rose? I would guess not much but really who knows? It has a duration of 1.7 which suggests a low exposure to raising rates. However that duration is arrived after the fund has done some pretty amazing things. It heavily uses reverse repos, swaps, and m...
by GaryA505
Tue Aug 22, 2017 4:10 pm
Forum: Investing - Help with Personal Investments
Topic: PONDX asset allocation a negative % for cash?
Replies: 8
Views: 1019

Re: PONDX asset allocation a negative % for cash?

What would happen to PONDX if short term rates rose?
by GaryA505
Mon Aug 14, 2017 12:05 pm
Forum: Investing - Help with Personal Investments
Topic: Taxable account at Vanguard or Fidelity.
Replies: 9
Views: 940

Re: Taxable account at Vanguard or Fidelity.

I am a big fan of Fidelity but Vanguard has them beat when it comes to tax exempt funds. My tax-advantaged stuff is with Fidelity, but my taxable stuff is with Vanguard. When I was looking at TE bond funds at the two, I thought Vanguard had better choices. I have plenty of tax-advantaged space in t...
by GaryA505
Mon Aug 14, 2017 11:48 am
Forum: Investing - Help with Personal Investments
Topic: Taxable account at Vanguard or Fidelity.
Replies: 9
Views: 940

Re: Taxable account at Vanguard or Fidelity.

There could be some issues. While you can generally transfer investments in-kind, I don't believe Vanguard will allow you to transfer their Admiral Class shares over to Fidelity. If you had Vanguard ETFs, those should transfer no problem and would only be subject to the Fidelity commission, which i...
by GaryA505
Sun Aug 13, 2017 11:58 pm
Forum: Investing - Help with Personal Investments
Topic: Taxable account at Vanguard or Fidelity.
Replies: 9
Views: 940

Taxable account at Vanguard or Fidelity.

I need to open a taxable account of about $120000, which would be at Vanguard or Fidelity. I've yet to decide what to hold in this account, but it will probably be in some allocation of a stock index fund and intermediate-term munis. I have a rollover IRA at Vanguard and a SEP-IRA at Fidelity. The S...
by GaryA505
Fri Aug 04, 2017 11:52 am
Forum: Investing - Help with Personal Investments
Topic: Comparing tax efficiency of some Vanguard funds.
Replies: 18
Views: 1189

Re: Comparing tax efficiency of some Vanguard funds.

It would help if we could put some approximate numbers on this. What does difference in tax-efficiency real mean in real dollars? Let's use an example for an approximation. We'll ignore the M* TCR for now. US tax rate: 25% State tax rate: 5% Two funds, Fund A and Fund B. For simplicity, assume QDI o...
by GaryA505
Fri Aug 04, 2017 11:39 am
Forum: Investing - Help with Personal Investments
Topic: Using VMVFX Vanguard [Global] Minimum Volatility fund for international.
Replies: 18
Views: 1807

Re: Using VMVFX Vanguard [Global] Minimum Volatility fund for international.

As long as you stay the course and don't punt and go to a traditional int'l fund if global min vol underperforms, it is a reasonable idea. Last year at the Bogleheads meeting Gus Sauter briefly talked about the quant fund run in house with real money (Vanguard seed money). . VMNVX Volatility Measur...
by GaryA505
Thu Aug 03, 2017 1:37 pm
Forum: Investing - Help with Personal Investments
Topic: Comparing tax efficiency of some Vanguard funds.
Replies: 18
Views: 1189

Re: Comparing tax efficiency of some Vanguard funds.

I didn't really check, but I just assumed that there is no corresponding ETF for VBINX/VBIAX or VTMFX. Could you use a mixture of AGG&BND for VBIAX (and do the math)? The spreadsheet probably wouldn't work for VTMFX, because it's equivalent to about 49% VTCLX (TN Cap Apprec, a managed fund) and 51% ...
by GaryA505
Thu Aug 03, 2017 12:58 pm
Forum: Investing - Help with Personal Investments
Topic: Comparing tax efficiency of some Vanguard funds.
Replies: 18
Views: 1189

Re: Comparing tax efficiency of some Vanguard funds.

There another significant difference. For 2016, TM Balanced has a QDI of 100% where Balanced Index is only 53%. https://personal.vanguard.com/us/insights/taxcenter/qdi/yearend-qualified-dividend-income-2016?Sc=1 Have you looked at the link livesoft provided and tried to compute the actual honest-to...
by GaryA505
Thu Aug 03, 2017 12:36 pm
Forum: Investing - Help with Personal Investments
Topic: Comparing tax efficiency of some Vanguard funds.
Replies: 18
Views: 1189

Re: Comparing tax efficiency of some Vanguard funds.

There another significant difference. For 2016, TM Balanced has a QDI of 100% where Balanced Index is only 53%.

https://personal.vanguard.com/us/insigh ... -2016?Sc=1
by GaryA505
Thu Aug 03, 2017 12:26 pm
Forum: Investing - Help with Personal Investments
Topic: Comparing tax efficiency of some Vanguard funds.
Replies: 18
Views: 1189

Re: Comparing tax efficiency of some Vanguard funds.

I have the same question, and I am not clear on what the answer is based on the posts above. Comparing apples to apples, how much more tax efficient is the tax managed balanced index vs the balanced index? (I say apple to apples, because I realize one is 50/50 and the other is 60/40.) I have the ba...
by GaryA505
Thu Aug 03, 2017 12:16 pm
Forum: Investing - Help with Personal Investments
Topic: Comparing tax efficiency of some Vanguard funds.
Replies: 18
Views: 1189

Re: Comparing tax efficiency of some Vanguard funds.

VBINX is 60% stock/40% Bond, VTMFX is 50% stock/50% muni. Not sure why they do it that way, but that explains why returns are higher for VBINX even though VTMFX is more efficient. Yes, I get why VBINX has had higher returns, but I still am curious why it's not significantly less tax-efficient than ...
by GaryA505
Thu Aug 03, 2017 10:43 am
Forum: Investing - Help with Personal Investments
Topic: Comparing tax efficiency of some Vanguard funds.
Replies: 18
Views: 1189

Re: Comparing tax efficiency of some Vanguard funds.

VBINX is 60% stock/40% Bond, VTMFX is 50% stock/50% muni. Not sure why they do it that way, but that explains why returns are higher for VBINX even though VTMFX is more efficient. Yes, I get why VBINX has had higher returns, but I still am curious why it's not significantly less tax-efficient than ...
by GaryA505
Thu Aug 03, 2017 1:39 am
Forum: Investing - Help with Personal Investments
Topic: Comparing tax efficiency of some Vanguard funds.
Replies: 18
Views: 1189

Comparing tax efficiency of some Vanguard funds.

I've been comparing tax efficiency of some Vanguard funds and I have a question. This chart shows the M* Tax Cost Ratio for some BHs favorite tax-efficient funds: VTSMX Total Stock Market Index VTCLX Tax-Managed Capital Appreciation VTMFX Tax-Managed Balanced I also added VBINX Balanced Index Fund, ...
by GaryA505
Tue Aug 01, 2017 5:57 pm
Forum: Investing - Help with Personal Investments
Topic: Any issues with rollovers from Fidelity to Vanguard?
Replies: 19
Views: 1366

Re: Any issues with rollovers from Fidelity to Vanguard?

I thought transfers were done by "pulling" from the destination side. No?
by GaryA505
Tue Aug 01, 2017 4:07 pm
Forum: Investing - Help with Personal Investments
Topic: Using VMVFX Vanguard [Global] Minimum Volatility fund for international.
Replies: 18
Views: 1807

Re: Using VMVFX Vanguard Minimum Volatility fund for international.

From what I have found, it's a quant fund, and the MV algorithm is black box. Apparently the algorithm tries to find anti-correlated funds from anywhere in the world.
by GaryA505
Tue Aug 01, 2017 3:23 pm
Forum: Investing - Help with Personal Investments
Topic: Using VMVFX Vanguard [Global] Minimum Volatility fund for international.
Replies: 18
Views: 1807

Using VMVFX Vanguard [Global] Minimum Volatility fund for international.

Hey all, I'm considering VMVFX Vanguard Minimum Volatility fund to get some international exposure, in an IRA. So far, the downsides I have determined are: 1. It's a managed fund, and not a total international index fund like VGSTX Vanguard Total International Stock. 2. It doesn't have much of a pro...
by GaryA505
Sun Jul 30, 2017 9:07 pm
Forum: Investing - Theory, News & General
Topic: John Bogle Has Been Right About Investing In International Stocks
Replies: 505
Views: 32749

Re: John Bogle Has Been Right About Investing In International Stocks

I'm a skeptic about investing international stock, but if I'm right, then virtually all of the companies that run target date and target retirement funds are wrong. These companies include Vanguard, Fidelity, Schwab and TRP. In fact, Vanguard recently increased their foreign equity percentage from ...
by GaryA505
Sun Jul 30, 2017 6:15 pm
Forum: Investing - Theory, News & General
Topic: John Bogle Has Been Right About Investing In International Stocks
Replies: 505
Views: 32749

Re: John Bogle Has Been Right About Investing In International Stocks

I'm a skeptic about investing international stock, but if I'm right, then virtually all of the companies that run target date and target retirement funds are wrong. These companies include Vanguard, Fidelity, Schwab and TRP. In fact, Vanguard recently increased their foreign equity percentage from 3...
by GaryA505
Sat Jul 29, 2017 7:17 pm
Forum: Investing - Help with Personal Investments
Topic: Advice on taxable account - yearly additions.
Replies: 7
Views: 1123

Re: Advice on taxable account - yearly additions.

Isn't the investment company required to keep some records on this now?
by GaryA505
Sat Jul 29, 2017 1:21 am
Forum: Investing - Help with Personal Investments
Topic: Advice on taxable account - yearly additions.
Replies: 7
Views: 1123

Advice on taxable account - yearly additions.

I know this will probably be somewhat of a dumb question for some of you, but here goes. For a taxable account, if you make yearly additions to it and invest in mutual funds each time, does this create an accounting mess? How do you keep track of the cost basis when you are buying funds each time yo...
by GaryA505
Fri Jul 28, 2017 11:26 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Grading The Forecasters
Replies: 14
Views: 2062

Re: Larry Swedroe: Grading The Forecasters

I like this one as it made me laugh a little:

"The distribution of forecasting accuracy by the gurus examined in the study looks very much like the common bell curve—which is what you would expect from random outcomes. That makes it very difficult to tell if there is any skill present."
by GaryA505
Fri Jul 28, 2017 11:17 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Grading The Forecasters
Replies: 14
Views: 2062

Re: Larry Swedroe: Grading The Forecasters

The top ten: John Buckingham Jack Schannep David Nassar David Dreman Cabot Market Letter Louis Navellie Laszlo Birinyi Steve Sjuggerud Ken Fisher Robert Drach As a relative noob here, it's interesting to note that the only one I have ever heard of is Ken Fisher. Now, who will be the top ten next ye...
by GaryA505
Thu Jul 27, 2017 9:43 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's Global Wellesley Income and Global Wellington Funds in registration
Replies: 29
Views: 5386

Re: Vanguard's Global Wellesley Income and Global Wellington Funds in registration

After all the posts on percentage of foreign equity, I'll be very interested to see what percentage they use with these funds. Anybody wanna take a guess?
by GaryA505
Thu Jul 27, 2017 12:18 pm
Forum: Investing - Help with Personal Investments
Topic: What is the portfolio role of a leveraged bond fund like PONDX?
Replies: 55
Views: 2803

Re: What is the portfolio role of a leveraged bond fund like PONDX?

lack-ey - excellent info. I read it 3 times, and probably will come back later and read it again.
by GaryA505
Thu Jul 27, 2017 12:04 pm
Forum: Investing - Help with Personal Investments
Topic: What is the portfolio role of a leveraged bond fund like PONDX?
Replies: 55
Views: 2803

Re: What is the portfolio role of a leveraged bond fund like PONDX?

I think part of the problem here mat be that there isn't a clear definition of funds like PONDX, and it doesn't fit in any of the traditional asset categories. I see people out there investing in this as if it was just another traditional bond fund, and I see others saying they wouldn't touch it be...
by GaryA505
Thu Jul 27, 2017 11:13 am
Forum: Investing - Help with Personal Investments
Topic: What is the portfolio role of a leveraged bond fund like PONDX?
Replies: 55
Views: 2803

Re: What is the portfolio role of a leveraged bond fund like PONDX?

I think part of the problem here mat be that there isn't a clear definition of funds like PONDX, and it doesn't fit in any of the traditional asset categories. I see people out there investing in this as if it was just another traditional bond fund, and I see others saying they wouldn't touch it bec...