Search found 1076 matches

by Geologist
Sun Aug 13, 2017 8:42 pm
Forum: Investing - Help with Personal Investments
Topic: possible capital gains thrown off on VTI from VTSMX / VTSAX
Replies: 3
Views: 464

Re: possible capital gains thrown off on VTI from VTSMX / VTSAX

The net assets of the Total Stock Market Fund not counting the ETF shares are no longer 12 times the ETF, but only about 5 times the ETF. If the idea is that the ETF is more vulnerable because so much smaller, that is no longer the case. There are all sorts of potential capital gains risks. If share...
by Geologist
Sun Aug 13, 2017 5:43 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard funds with the highest minimum investment
Replies: 15
Views: 2048

Re: Vanguard funds with the highest minimum investment

I'm not sure what you mean by "top funds." Many Vanguard funds have different share classes with different minimum investments, so there isn't a single answer in many cases. For individual investors, most index funds have a share class with a minimum of $3000 and another with a minimum of $10,000 wi...
by Geologist
Sun Aug 13, 2017 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: How long to keep IRA records?
Replies: 42
Views: 2278

Re: How long to keep IRA records?

It would probably be a good idea to keep all the Form 5498's that custodians sent you. My guess is that other records from them are superfluous.
by Geologist
Sun Aug 13, 2017 10:02 am
Forum: Personal Finance (Not Investing)
Topic: Beneficiaries vs wills
Replies: 9
Views: 1146

Re: Beneficiaries vs wills

You need to be precise about terminology. Naming beneficiaries on accounts may allow those assets to bypass probate (as some who replied earlier stated), but the assets are still part of your estate. Someone (your executor/trustee of a trust if you have one) may need to account for all these account...
by Geologist
Sat Aug 12, 2017 6:10 pm
Forum: Personal Consumer Issues
Topic: E-delivery of transaction confirmations
Replies: 12
Views: 799

Re: E-delivery of transaction confirmations

A Fidelity rep told me that there was a recent Dept. of Labor ruling that made transaction confirmations for CD's and some other items not eligible for e-delivery. Can anyone confirm this? And why the Dept. of Labor? The Dept. of Labor handles regulations under ERISA for pension and similar retirem...
by Geologist
Sat Aug 12, 2017 3:44 pm
Forum: Forum Issues and Administration
Topic: Forum software upgrade bug reports and change requests
Replies: 361
Views: 52848

Re: Forum software upgrade bug reports and change requests

I don't see the number of notifications listed on the top toolbar anymore. Is that simply hidden when the number is zero, now, or is the number permanently hidden? In addition, there also used to be a link to mark all notifications as read to dismiss them at the top of the list. Now you apparently ...
by Geologist
Sat Aug 12, 2017 11:15 am
Forum: Forum Issues and Administration
Topic: Forum software upgrade bug reports and change requests
Replies: 361
Views: 52848

Re: Forum software upgrade bug reports and change requests

The forum software has been updated to phpBB 3.2.1. See: Software Updated to phpBB 3.2.1 I don't see the number of notifications listed on the top toolbar anymore. Is that simply hidden when the number is zero, now, or is the number permanently hidden? In addition, there also used to be a link to m...
by Geologist
Sat Aug 12, 2017 11:11 am
Forum: Personal Finance (Not Investing)
Topic: When to pay estimated taxes on mutual fund distributions in December 2018?
Replies: 32
Views: 1750

Re: When to pay estimated taxes on mutual fund distributions in December 2018?

I'm the OP. I'm a first time equity investor this year; I had a large bond called last year and moved into six digit investment of TSM and six digits of international. I'm set for 2017 taxes since I'm in the safe harbor. But December 2018 will (probably) see large distributions. I know distribution...
by Geologist
Sat Aug 12, 2017 11:05 am
Forum: Personal Finance (Not Investing)
Topic: When to pay estimated taxes on mutual fund distributions in December 2018?
Replies: 32
Views: 1750

Re: When to pay estimated taxes on mutual fund distributions in December 2018?

Theoretically, redemptions of shares could force holdings in the fund to be sold that would realize capital gains... My impression in that case is that CGs are passed directly to the redeemer, no? But on reflection, if I redeem $50,000 of VTSAX, they are not going to sell small amounts of all 3000 ...
by Geologist
Sat Aug 12, 2017 10:32 am
Forum: Forum Issues and Administration
Topic: Forum software upgrade bug reports and change requests
Replies: 361
Views: 52848

Re: Forum software upgrade bug reports and change requests

The forum software has been updated to phpBB 3.2.1. See: Software Updated to phpBB 3.2.1 I don't see the number of notifications listed on the top toolbar anymore. Is that simply hidden when the number is zero, now, or is the number permanently hidden? In addition, there also used to be a link to m...
by Geologist
Sat Aug 12, 2017 10:28 am
Forum: Personal Finance (Not Investing)
Topic: When to pay estimated taxes on mutual fund distributions in December 2018?
Replies: 32
Views: 1750

Re: When to pay estimated taxes on mutual fund distributions in December 2018?

However, Vanguard has a patented method to treat an ETF as a share class of the mutual fund. This allows them to tax gain/loss harvest more efficiently on the ETF transactions to minimize/eliminate capital gains distributions for the other classes of the mutual fund. A couple of years ago Vanguard ...
by Geologist
Sat Aug 12, 2017 10:22 am
Forum: Personal Finance (Not Investing)
Topic: When to pay estimated taxes on mutual fund distributions in December 2018?
Replies: 32
Views: 1750

Re: When to pay estimated taxes on mutual fund distributions in December 2018?

First of all, a total stock market index(?) fund shouldn't be paying any capital gains distributions. Vanguard's certainly doesn't You can't really say a TSM index fund shouldn't be making any capital gains distributions. SEC regulations require all mutual funds to distribute net capital gains as d...
by Geologist
Fri Aug 11, 2017 10:18 am
Forum: Investing - Help with Personal Investments
Topic: Tracking VG Muni Fund-indices intraday?
Replies: 4
Views: 295

Re: Tracking VG Muni Fund-indices intraday?

This doesn't really answer your question, but I was wondering why you cared about fluctuations (or supposed fluctuations, see below) in value of municipal bond funds during the course of the day. The reason I say supposed fluctuations is that most municipal bonds hardly trade, so that only approxima...
by Geologist
Thu Aug 10, 2017 2:00 pm
Forum: Investing - Help with Personal Investments
Topic: dividend versus expense ratio impact on mutual fund
Replies: 13
Views: 863

Re: dividend versus expense ratio impact on mutual fund

Word choice counts. Mutual funds do not "pay" dividends. They pass thru dividends that are paid to them by the stocks that they own. This is required by tax law. They must also pass thru any long term and short term capital gains that they have realized from buying and selling stocks. Ralph I think...
by Geologist
Thu Aug 10, 2017 1:54 pm
Forum: Investing - Theory, News & General
Topic: Does VG Compound Interest?
Replies: 12
Views: 1133

Re: Does VG Compound Interest?

You will see if you look at fund reports that the bond funds have investments in institutional money market funds (for liquidity and other purposes), so whatever interest arrives and is part of the daily declaration of dividends is invested in at least a money market fund and thus is earning a form ...
by Geologist
Wed Aug 09, 2017 6:30 pm
Forum: Investing - Help with Personal Investments
Topic: Muni Bonds and Taxes.
Replies: 24
Views: 1486

Re: Muni Bonds and Taxes.

Also I need to inform you that the muni funds have distributed both LT and ST capital gains distributions for the last several years and although I don't understand why will continue to do so if rates rise even slowly. Already for example the NJ long term fund has 4 cents per share in realized gain...
by Geologist
Sun Aug 06, 2017 8:18 am
Forum: Personal Finance (Not Investing)
Topic: Using a donor-advised fund to minimize taxes
Replies: 23
Views: 1327

Re: Using a donor-advised fund to minimize taxes

PS (Yes, there are a few special circumstances where lump summing large contributions to a DAF years in advance can make sense. If one is going from a very high tax bracket, ie 35%+ to a very low tax bracket, ie 15% or less, there is an arbitrage opportunity as you point out. The arbitrage is parti...
by Geologist
Sun Aug 06, 2017 8:10 am
Forum: Investing - Help with Personal Investments
Topic: Why haven't my Series-I Savings Bonds increased in value?
Replies: 9
Views: 1485

Re: Why haven't my Series-I Savings Bonds increased in value?

The composite rate for I bonds issued from May 1, 2017, through October 31, 2017, is 1.96% Fixed rate 0.00% Semiannual inflation rate 0.98% Composite rate = [fixed rate + (2 x semiannual inflation rate) + (fixed rate x semiannual inflation rate)] Perhaps it is accrued, but not yet posted? I think t...
by Geologist
Sun Aug 06, 2017 8:02 am
Forum: Investing - Help with Personal Investments
Topic: Bond Funds that don't distribute monthly
Replies: 10
Views: 858

Re: Bond Funds that don't distribute monthly

Plus, they seem to accumulate daily, and therefore wouldn't accomplish what i'm doing either. I'm not 100% sure -- because I've never seen it explicitly stated -- but I think all bond funds are required to work like this. Or, rather, they're required to track accrued interest when the interest gets...
by Geologist
Sat Aug 05, 2017 8:22 pm
Forum: Investing - Help with Personal Investments
Topic: Why haven't my Series-I Savings Bonds increased in value?
Replies: 9
Views: 1485

Re: Why haven't my Series-I Savings Bonds increased in value?

I purchased $10k of Series-I Savings bonds that were issues 5/1/17. They say they have an interest rate of 1.96%, yet my account shows that the value is still precisely $10k. Should they have begun accruing interest yet? m Interest accrued is accrued semi annually. The interest is compounded semian...
by Geologist
Sat Aug 05, 2017 8:09 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Treasury Money Market Fund (VUSXX)
Replies: 5
Views: 885

Re: Vanguard Treasury Money Market Fund (VUSXX)

I vaguely remember that this fund always had a higher minimum than the other money market funds, but not (I think) as high as it is now. I think it was raised during the period of extremely low interest rates following the Great Recession. I suppose it is possible the minimum may be reduced in the f...
by Geologist
Sat Aug 05, 2017 7:59 pm
Forum: Investing - Help with Personal Investments
Topic: Why haven't my Series-I Savings Bonds increased in value?
Replies: 9
Views: 1485

Re: Why haven't my Series-I Savings Bonds increased in value?

For the first five years, there is a 3 month interest penalty for cashing them in. Therefore, no interest has accrued yet. When they reach five years old, they will jump in value by 3 months interest to make up.
by Geologist
Sat Aug 05, 2017 7:05 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard annual fee
Replies: 12
Views: 1578

Re: Vanguard annual fee

Certainly call on Monday. Whether Vanguard is overwhelmed now or not, I have had glitches or errors with them. But then I have had glitches/errors with every financial institution I have ever dealt with ( every one ), so it is just part of the territory. The usual key is recognize it promptly (which...
by Geologist
Sat Aug 05, 2017 4:29 pm
Forum: Investing - Theory, News & General
Topic: Vanguard S&P 500 funds
Replies: 18
Views: 1359

Re: Vanguard S&P 500 funds

VFINX was the first, IIRC. VINIX is an institutional fund that is usually obtained through your employer retirement plan (unless you have a spare $5 mill sitting around). I used it with my 403(b) since it is much cheaper than the other non-Vanguard options. It is no more "risky" than the ...
by Geologist
Thu Aug 03, 2017 3:41 pm
Forum: Investing - Help with Personal Investments
Topic: Non-match Roth 403b vs matched 403b
Replies: 11
Views: 357

Re: Non-match Roth 403b vs matched 403b

I am assuming you intend to roll your 403b to IRA's because employer plans are subject to RMD's. This includes Roth subaccounts within plans such as 403b's.
by Geologist
Wed Aug 02, 2017 10:36 am
Forum: Investing - Theory, News & General
Topic: How can VTMSX be tax efficient with 7% Real Estate
Replies: 8
Views: 836

Re: How can VTMSX be tax efficient with 7% Real Estate

You can also look at the returns before and after tax on just distributions from the Vanguard website: Three years (9.23%; 8.87%); Five years (15.33%, 15.00%); Ten years (8.48%, 8.24%). These calculations assume maximum Federal taxes and no state taxes. What you can say is that this is pretty tax ef...
by Geologist
Wed Aug 02, 2017 10:29 am
Forum: Investing - Theory, News & General
Topic: How can VTMSX be tax efficient with 7% Real Estate
Replies: 8
Views: 836

Re: How can VTMSX be tax efficient with 7% Real Estate

Keep in mind that Tax-Managed Small Cap has expenses to pay (even if they are low as a percentage of net assets). The expenses can be paid with non-qualified dividends first so that only qualified dividends are paid out to shareholders.
by Geologist
Sat Jul 29, 2017 6:09 pm
Forum: Investing - Theory, News & General
Topic: Why are there RMDs on ROTH 401ks?
Replies: 19
Views: 1961

Re: Why are there RMDs on ROTH 401ks?

I think your citation challenge is unlikely to be surmountable, unfortunately. As noted, this is something that likely exists because of inaction, not because of action, so you'd have to cite every tax law that didn't add an RMD exemption to Roth 401ks. Hmmm...I am struggling to understand what you...
by Geologist
Sat Jul 29, 2017 2:31 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard - Brokerage & Mutual Fund Accounts
Replies: 9
Views: 739

Re: Vanguard - Brokerage & Mutual Fund Accounts

I could also say that in the past I directed dividends from one mutual fund to another. It has been some years since I have done this, but it isn't possible in the new Brokerage system. Obviously, I can get around this, but it is a minor inconvenience.
by Geologist
Sat Jul 29, 2017 2:03 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard - Brokerage & Mutual Fund Accounts
Replies: 9
Views: 739

Re: Vanguard - Brokerage & Mutual Fund Accounts

How complex is your account setup? People who have trust accounts, or multiple accounts registered differently which are linked to bank accounts which are further titled differently have reported a number of issues. I had a single individual account and the "upgrade" was a complete non-ev...
by Geologist
Tue Jul 25, 2017 10:41 am
Forum: Investing - Help with Personal Investments
Topic: Got a e-mail about Vanguard IRA to Vanguard Brokerage?
Replies: 5
Views: 690

Re: Got a e-mail about Vanguard IRA to Vanguard Brokerage?

In the long run, Vanguard is shifting to this brokerage platform (and will have this one account platform), so like it or not (and I am not enamored of the way transactions are displayed*), you will have to shift. Whether your email is merely an invitation for now or is really a polite way of saying...
by Geologist
Tue Jul 25, 2017 10:21 am
Forum: Investing - Help with Personal Investments
Topic: Tax free bonds question
Replies: 8
Views: 637

Re: Tax free bonds question

Keep in mind that for most bond funds (such as the Vanguard muni funds I own or are reported in the same report), the basic total for each state includes not only direct obligations for the state but all bonds from the state. Many (if not most) are issued by non-state entities and would not be affec...
by Geologist
Tue Jul 25, 2017 10:16 am
Forum: Investing - Help with Personal Investments
Topic: Stable value fund vs Vanguard Total Bond Market Index
Replies: 27
Views: 3288

Re: Stable value fund vs Vanguard Total Bond Market Index

The problem is not that Savings Bonds are non-marketable, but that they can only be held by individuals. I just checked, 4.7% is in I bonds. So, apparently they can hold I bonds, the how is beyond my ken. This is interesting. An entity, such as a corporation or LLC, can buy I Bonds by opening an en...
by Geologist
Sat Jul 22, 2017 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: Simple question on Donor Advised Fund at Vanguard
Replies: 7
Views: 610

Re: Simple question on Donor Advised Fund at Vanguard

For my mother's account, it is a separate logon as the Charitable Foundation is a separate corporate structure from Vanguard proper.
by Geologist
Thu Jul 20, 2017 8:02 pm
Forum: Personal Finance (Not Investing)
Topic: Should you tell your employers your age if you look too young?
Replies: 14
Views: 1276

Re: Should you tell your employers your age if you look too young?

With my current employer, we have to complete an I-9. I don't see how you can provide documentation that satisfies that form that doesn't also include your birthdate. In addition, there are fringe benefits that are age-dependent (e.g., you can keep your health insurance with a certain combination of...
by Geologist
Thu Jul 20, 2017 8:20 am
Forum: Investing - Help with Personal Investments
Topic: VWIUX Intermediate Tax-Exempt vs VBTLX Total BM
Replies: 6
Views: 482

Re: VWIUX Intermediate Tax-Exempt vs VBTLX Total BM

You certainly don't want to use 5-year return as the input to a tax-adjusted analysis of tax-exempt versus taxable bond funds because that return includes capital changes, which if positive and realized are taxable in both funds. You want to use yield as a comparison. The SEC yields of the two funds...
by Geologist
Thu Jul 13, 2017 11:32 am
Forum: Personal Consumer Issues
Topic: can a city mandate garbage & recycling service? is that legal?
Replies: 36
Views: 2364

Re: can a city mandate garbage & recycling service? is that legal?

My municipality mandates such services and charges for them monthly on its utility bill (the city provides water and electricity too). While nominally the city has its own trash/recycling service, it in fact contracts out to a private company. I suppose what a municipality can charge for is really a...
by Geologist
Wed Jul 12, 2017 3:15 pm
Forum: Investing - Theory, News & General
Topic: Mutual Fund Cash Composition
Replies: 4
Views: 304

Re: Mutual Fund Cash Composition

Mutual Funds may have some cash for liquidity, but they can then buy options/futures to simulate full investment despite that cash. Therefore, their cash holding may not be as high as you think. The exact overlap of the options/futures and the cash may vary over time too. This is probably what Earl ...
by Geologist
Wed Jun 28, 2017 8:19 pm
Forum: Investing - Theory, News & General
Topic: Does Jack Bogle have a conundrum on his hands?
Replies: 63
Views: 4328

Re: Does Jack Bogle have a conflict of interest?

Where is the supposed conflict of interest in the material in the OP?

A disagreement, if there is one, is not a conflict of interest.
by Geologist
Wed Jun 28, 2017 8:15 pm
Forum: Personal Finance (Not Investing)
Topic: Incorporating uncertain pension amount into net worth calculation
Replies: 35
Views: 2216

Re: Incorporating uncertain pension amount into net worth calculation

I have a pension (from a past job) and I don't include it in my net worth calculation at all. I am not entitled to receive a lump sum equivalent but it wouldn't matter if I did. Pensions (and Social Security) are just items that I see little value including in net worth summations. It is not like th...
by Geologist
Sun Jun 25, 2017 4:31 pm
Forum: Personal Consumer Issues
Topic: [Can I move data from Microsoft to Mac with new computer?]
Replies: 13
Views: 723

Re: [Can I move data from Microsoft to Mac with new computer?]

You don't say what kind of data, but lots of data can be moved from MS Windows machines to Mac easily. I have both Windows and Macs. For example, I have shifted Turbotax between Windows and Mac depending on which machine was newest and just copied the previous year's data file and there was no muss....
by Geologist
Wed Jun 21, 2017 7:18 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard restricts my account due to mail?
Replies: 41
Views: 3053

Re: Vanguard restricts my account due to mail?

Not to be a Vanguard apologist, but it looks like the vanguard rep said that things would be ok in a day or two, but op wanted things fixed "instantly" I don't know about you, but I don't even get my fries instantly when I go to McDonalds. As to what mail was undeliverable, did you ask th...
by Geologist
Tue Jun 06, 2017 6:24 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Expense Ratio Advantage
Replies: 37
Views: 2974

Re: Vanguard Expense Ratio Advantage

OP: I don't believe there is any advantage any longer. The "Not for profit" thing has both advantages and disadvantages. When Bogle was running Vanguard they would disclose executive pay. After he left they stop doing so. Public companies are required to more disclosures. I don't believe ...
by Geologist
Tue Jun 06, 2017 12:22 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Expense Ratio Advantage
Replies: 37
Views: 2974

Re: Vanguard Expense Ratio Advantage

There are non-index funds that you might want to use for which Vanguard has very low expenses and which other providers probably have not lowered their expenses to comparable levels (they have to generate revenues somehow). Examples include the wide variety of municipal bond funds, corporate bond fu...
by Geologist
Sun Jun 04, 2017 7:32 pm
Forum: Investing - Theory, News & General
Topic: Schwab .03% SP500
Replies: 31
Views: 2319

Re: Schwab .03% SP500

So if there is little difference, how to choose who to handle things at FIRE? AUM > 2M Convenience, existing relationship, color of the logo - it doesn't really matter if your plan is to use S&P 500 index funds. Access to other funds that may not have really cheap expense ratios at providers ot...
by Geologist
Sun Jun 04, 2017 7:17 pm
Forum: Investing - Theory, News & General
Topic: Schwab .03% SP500
Replies: 31
Views: 2319

Re: Schwab .03% SP500

What is FIRE?
by Geologist
Sun Jun 04, 2017 7:13 pm
Forum: Investing - Theory, News & General
Topic: Schwab .03% SP500
Replies: 31
Views: 2319

Re: Schwab .03% SP500

In addition to all of livesoft's relevant points, the difference in costs in dollar terms for the expenses themselves between the Schwab fund and the Vanguard Admiral S&P 500 fund amounts to $1 per $10,000 in account size per year. At expense ratios below about 0.10% per year, the expense ratio ...
by Geologist
Fri Jun 02, 2017 2:54 pm
Forum: Investing - Help with Personal Investments
Topic: Is there a way on earth to reduce SS taxes?
Replies: 54
Views: 4788

Re: Is there a way on earth to reduce SS taxes?

The easiest way to reduce all taxes is to have no income period. This has other undesirable consequences.

Your aim should be maximizing after-tax income; that is not the same thing as minimizing taxes.
by Geologist
Wed May 31, 2017 7:05 pm
Forum: Investing - Help with Personal Investments
Topic: VC fund -- 160 pages?
Replies: 7
Views: 910

Re: VC fund -- 160 pages?

I'm remembering here that Jane Bryant Quinn said you shouldn't invest in anything that you couldn't explain to the average 12-year old.